Monday, September 1, 2014

Life: Choosing the right Network Marketing Company

As I mentioned in my Work post: Network Marketing companies can be a lucrative source of part time residual income.

But not every network marketing company is created equal!

In the last 70 years 75,000 companies have started and only 50 have celebrated their 10 year anniversary! Make sure you choose wisely before you get started...

a. Look for a company with a wide range of products that'll appeal to a large client base.

I chose Arbonne because they have over 450 products for every member of the family all within the Health & Wellness area so their research is top notch. This means I can make more sales because I'm not limited to a single gender/client base.

b. Go with a company that is at least 10 years old. 
The last thing you want is to put your hard earned money into a company that folds within 3 years.

c. Look for a simple compensation plan that's easy to understand.

Arbonne only has 4 levels which is simple and achievable and starts at 35% commission. I don't know about you but I was really shy when I first started my business and I wasn't willing to put myself out there for less than 35%!

d. You're your own boss. This means you set your own schedule and you are in charge! You're also in charge of showing up and following the system. The number 1 reason people fail at these companies is because they don't follow the system then quit and wonder what happened.

In Arbonne we get a free white mercedes when we hit large sales volume numbers… so to get your white mercedes you need to do what the people driving the white mercedes do. It sounds obvious but you'd be surprised how many people don't do that.

e. Do you believe in the products and your sponsorship team?

It's important to love the products you sell and to trust the people training you how to be successful. As discussed above you need to follow the system and it's your sponsor's job to teach you what the system is and guide you through the pitfalls.

My Arbonne sponsor quit within 6 months of me signing up… luckily our team is fantastic and my Regional Vice President took me on as though she sponsored me herself. It's all about team work and I've honestly never met a happier more positive group of people! Every Arbonne event leaves you feeling like you can take on the world and win… every day should be like that.

f. Watch out for these red flags:

Website based "network marketing companies"… nobody is going to pay you just for handing out a web address, they just want you to sign up consultants. <- Pyramid scheme

Social Media parties only… you will not make great sales just using social media, it's uncomfortable for some but direct marketing is a relationship business and you can't build good relationships on Facebook! If you're just looking for an extra $50 you might be ok but you won't make enough to make it really worthwhile.

Consultant sign ups… any company that requires people to sign up as consultants ONLY should be a red flag. People shouldn't have to sign their lives away just to get a product if it's good enough. Arbonne has the option to get discount memberships that don't require selling a single thing.

Magic Cure All Ingredients… as the recent Dr Oz debacle proved: there is no magic cure or quick fix for anything. Integrity is crucial in business ownership… make sure you 100% stand by your product/s. If you have doubts your clients will pick up on it.

Get Rich Quick… direct marketing is NOT a get rich quick scheme. It's a get rich steadily over time scheme. Anyone who tells you otherwise is lying.

g. Look for these Green Lights:

New promotions each month… this means the company is growing and it's not just the same people promoting all the time.

Information available to the public… this means the company has nothing to hide.

Is part of the DSA… this means they can be held accountable for misinformation and run by the guidelines of the Direct Selling Organisation. Integrity is important.

Variety of selling methods… some people like parties, some people prefer to shop at home on their own. The more flexible the company the easier it'll fit into your life not the other way round.

It's a lot to consider! At the end of the day the biggest thing you need to be clear on when it comes to starting your own business is WHY.

What do you want out of Direct Marketing? What will drive you to keep going when it gets difficult? 

I do Arbonne because I want to get Mike home from the Oilfields. We want to have a family and see them grow up, go on vacations, build our dream home… all of that requires funds and Mike being home. Either we can try to win the lottery or I can significantly improve our odds and build my Arbonne business.

If you have any questions about Network Marketing in general (or about the company I chose above the others: Arbonne) send me a quick email and I'd be happy to give you unbiased advice so you can make the right choice for you and your family!