So you are looking for a home based MLM business opportunity. There are lots out there! In this article I will present to you what to look for when researching any MLM business. Now many of you already know this but first of all, what is an MLM?
What is an MLM?
MLM stands for Multi-Level Marketing or known as network marketing. Some people think negative thoughts when they hear this word but these companies have made very high quality products and have made many people very wealthy. The idea of direct one-to-one marketing came into the playing field in the 1950’s and has grown exponential since.
Now that you are here and know a bit of history :), what makes a good home based MLM business opportunity? Many good questions on that. I will lay out some important aspects to look at.
Pay Structure – Is it Worth Your Time?
I think number one is if you’re going to get paid for you’re time? I mean you’re looking to get into business, are you going to make money? Having researched these businesses and many you have to work way to hard and have way to many people to be successful. The best way to put it is: the system is working against you! So you need to look at how much time you have and see if it’s in you’re schedule. If an MLM is asking for more than 8-15 hours a week, it’s probably not going to work. It may work for you, but you got to remember you need to build with other people. More than 8-15 hours a week is not duplicatable!
The Pay Structure of the plan itself will often show you if it is worth you’re time. Many out there have you build legs with declining percentages the further you go down. I am telling you this will be to hard for you. And only the elite rock stars make the money in these organizations. This is like coming into an organization and being told anyone can make this much money. Guess what, not everyone is born with the same talents and gifts. Which is why the top 5% of basketball and football players are the ones that make it professionally. Same here, if the pay structure is not set up the right way and you are not part of the 5%, you will most likely not succeed. There is a lot of businesses out there like this, so do you’re research.
Residual Income – Or is it?
Is the business going to be around in 10 years? Any home based business opportunity you get into won’t matter if the opportunity is no longer around in 10 years. This is a big one guys and one people don’t think about often enough. Can you imagine if you work you’re butt off for five years creating a six figure RESIDUAL income and then the business goes bankrupt and all that money is gone. I often say it here on my website but residual income isn’t residual if the opportunity you signed up for isn’t going to be around in 50 years. Think smart about the opportunity you get into.
One of the markers of a good business is if the business is older than 10 years. Having an accounting degree and know quite a bit about finance. For a bank, the ten-year mark shows a huge mark of stability and perseverance. Most business don’t make it past that mark because people give up, product isn’t demanded by consumers, family tragedy, poor management, etc. In fact if a business makes it past that point, banks will lower interest rates for them if they need more credit.
So any home-based business opportunity, look at the long term and try to find one that has a stable level on the market. This means you’re chance of residual income is actually residual!
Product Selection & Quality – Can You Sell This Stuff!
Do you like them, do they smell good :), are they of good quality? Any home based business isn’t going to work if you don’t like the products nor think they are of quality.
I will sometimes say with a home based business you have to sacrifice what you want in order to focus on the money aspect of it. You may love TIDE for washing clothes but in order for you and you’re team to make money, you may have to buy the laundry detergent from you’re own company. To me this is worth it! To some it may not, but focus on what is going to pay you and build that residual income. Tide doesn’t pay you!
Corporate Team – Integrity is Key!
Look at the corporate team of the company you’re looking at! This is vital! Are they ethical? Are they not corrupt? This ties into the “is it actual residual income” from above. Because if the company is not integrals, they will not be around in 10 years. One of the best ways of finding out if there a sound company is looking at the Better Business Bureau (BBB). This is a third party independent company that does reviews. You can find negative or positive for about anything you search on Google for any company, which is why I like the BBB. There straight forward and let you know how many customer or employee complaints there are against a certain business.
That is a good wrap up, you should have a better idea of what you’re looking for in a Home Based MLM Business Opportunity. Remember to keep these factors at play: you’re time, residual income, pay structure, products, and the corporate team. If you want to know what I think is the best MLM business opportunity out there, saving time and money through the research and experience I have done, please contact me by going to my “Contact Me” page and filling out the information or emailing me at email@example.com! Please leave comments below with any questions or remarks you may have! Click Here if you want to know more about the better option!
There is a better option and a better opportunity out there for you to succeed! And many are doing it already on my team!
Hope this article has blessed you!
Blessings & Grace!