There are many companies that offer MLM businesses, but few are based on time-honored business practices, and exemplify long-term stability.
There are some indices to analyze in order to recognize a good MLM Business: Products Quality, Bonuses, Financial Stability, Experience in the Industry, Income opportunities, international presence, consumable products, etc.
In the following, we offer you an extended list to help guide you in what to look for in an MLM:
* Quality Product - A strong product line is one of the most important aspects of the business varied with a common feel. It is extremely difficult to be credible when selling a water filter, and then a minute later, a pair of shoes. A company should have quality products that are remembered long after any price or volume incentives are offered. Look for a market leader with a proven quality track record.
* No Pass-Ups - Nobody in your downline will ever be promoted to a position above you. If a distributor in your downline excels in sales, they will automatically bump you up to the next level when they receive a promotion. Look for a marketing plan that is designed to reward you for introducing Superstars to your business.
* No Demotions - A distributor may not be demoted due to inactivity of sales. Once they have been promoted to a certain level, they will remain at that level. A good marketing plan allows you to relax if you need to.
* Bonuses Paid on the Retail Cost of the Product - The bonuses should be paid on the retail costs of the product, not on the wholesale distributor prices. This means more cash back to the distributor.
* Proven Financial Stability - Steady, solid growth is always the sign of a good MLM. It is often helpful to look for the diversification of the company's holdings. Also, refer to the company's sales chart to view growth, sales figures and project future trends. Also, view the sales history over the entire duration of the company.
* 5-year Minimum Industry Experience - A reputable MLM should have at least five years experience and solid growth throughout the company's existence. A well-established MLM will make it past the first crucial 18 months with solid management, a strong business plan, motivated distributors and quality products
* Multiple Income Opportunities- With a variety of income opportunities offered to the distributor, comes the advantage of working on your own schedule, working part or full time and working from home. A key advantage to being involved in an MLM is the fact that you can enjoy multiple opportunities to earn money. When looking for a good MLM, find one that offers profit sharing, leadership and royalty bonuses.
* Consumable Products - Consumable products are ideal for an MLM business, as you can easily build a base of loyal customers wanting to regularly purchase replacement products. An active consumer base is the key to an effective MLM business. This can only be built on quality consumable products. For example, it is very difficult to represent a business that sells home security alarms.
* Extensive Support Network - An extensive support network is crucial in the success of your business with an MLM. From a distributor support center to training seminars and incentives, the distributor should be offered a variety of opportunities to better build their business. Your success directly affects the success of the company; therefore their support system should represent this idea.
* International Presence - A company that is established around the world shows growth, reliability and quality products. This also refers to the multiple year track record of the company. Most companies that venture internationally are stable and have ample industry experience.
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