7 things that you must consider before joining any MLM company to keep you away from a huge regret in the end
A few years ago, I joined a networking company because I loved the services that I can provide to others through it. I never really imagined myself as a networker that's why I had second thoughts and it took me several years before I joined one. But upon joining I found myself in a team that works like a shotgun and a system that is so complicated for users that takes away every excitement I have in me and found myself even ashamed to market the products and services that the company has. My hopes are still up that the company’s system and app will get better in the future because the products and services are really great! At least for me.
There is no “BEST MLM COMPANY”! It really boils down to WHAT BEST FITS YOU, your personality and lifestyle. If you don’t like makeup, don’t get into an mlm that sells one! If you don’t like health and wellness products, don't get into one that sells health and wellness products! Because how will you sell them if you yourself don’t use them!
So, if you are considering joining an mlm company, here are my top 8 things to consider. Really think things over to avoid any regrets in the end! Keep in mind that you will only hear the good stuff from any mlm company because they will want you to join them, like how accomplished their founders are, the amount of money their upline have accumulated (and the possibility that you can have them too) and how their products and services are the best from all the rest.
A solid track record
How long has the company been around? There are exceptions, of course, but you don’t want to be with a company that would not be there in the next few weeks, right? So, look for companies that have been in the business for at least 5 years. Longevity is not the only thing to consider, but a solid track record is a good thing to watch out for.
High demand for the products or services
Ask yourself, why do you want to join the company? Is it for the long-term? Like you want to enjoy a residual income? If yes, then you have to think long-term too. Will these products or services remain in high demand in the future? Or is it just a temporary fad or just the latest market craze?
The company compensation plan
If you cannot explain it, then you don't understand it! There are several types of compensation plan for networking opportunities like binary, unilevel and breakaway. Each has its own pros and cons. But what is the most important thing here is for you to know exactly what is required of you to start generating an income from your chosen mlm. Make it 100% sure that you get every step you need to take before even joining any. The sooner you get the compensation plan down, the sooner you can grow your network.
Financial Transparency
This will help you gauge if the company is struggling or growing. If the company is listed in the stock exchange, they are required to disclose their financial statements to the public so it is easier for you to take a look at their financial health. But if they are not listed in the stock exchange, they are not required by law to release their financial statements. It is up to the company if they want the public or their members to know the company’s financial health. Keep in mind that lack of financial transparency in the company that you want to join is a huge red flag.
Genuine belief in the company’s products or services
For me, this is probably the most important if not the best thing to consider! It does not matter what kind of products or services the company has, the most important thing to note is, DO YOU PERSONALLY AND GENUINELY BELIEVE IN EACH AND EVERYONE OF IT? If you don’t, then say no, and walk away. Because how can you expect others to buy it from you if you don’t believe in, like or even use any of the products or services the company has? Remember, you are the guinea pig for your products or services in any mlm company. Consider staying away from companies that have unproven, false or ridiculous claims about their products or services. Legit ones, most specially, dietary, home care and wellness products, are backed by scientific research, clinical trials and most importantly, real-world results!
Look at both sides of the coin and be objective
Every good mlm company has both its fans and detractors. So do your research, google the company, the reviews, the results of its members (true or fake), look at how the team works, their system, their apps, their websites and social media. People will believe what they want to believe so be cautious.
Your gut feeling
Trust your instincts and honestly ask yourself, do you really feel good investing your hard earned money in this company? If there is something that is bothering you, then you should not probably go for it. Remember, before joining any mlm company, be sure to voice out any concerns that you may have. Asking uncomfortable questions can save you in the end from a huge regret!
Don’t join just because your friends or family have joined. Do your due diligence , investigate, ask a lot of questions, look at the reviews, be cautious. Join only if you know in your heart that all of your queries, objections and second thoughts weigh less than the would-be benefits. Be realistic. Let’s face it, achieving that millionaire goal entails a lot of hard work, a lot of time, a whole lot of rejections and sacrifices. If you are already in, my best of luck to you in your journey.
