How to size up a prospective network marketing partner
Network marketing is a reliably effective way of marketing a product AND a great source of wealth for a lot of people. It’s not an easy business, definitely not a get-rich-quick scheme, and putting work into it is necessary as with any endeavor.
It also helps if you do your homework before partnering with considering a multi-level marketing company. What to look for:
1. Product excellence
The best network marketing companies are typically the ones with the best products. It’s highly recommended to research the product of a company through third-party sources such as the Better Business Bureau, U.S. Chamber of Commerce, and reputable media. Only the companies with solid products and credibility should be pursued.
2. Multiple income sources
Most multi-level marketing companies offer multiple ways for associates to earn income. The income protocol of any company is an important piece of the puzzle for anyone considering a network marketing opportunity. The associates, or distributors of a product, can earn direct commissions for sales, as well as rebates and overrides from recruited associates on their team. Consider passive income from overrides of recruited associates one of the most attractive revenue streams for network marketers – you build a team, people on your team build a team, those people build a team, and you’re able to leverage your time and efforts exponentially.
3. Public image
Accessibility of the company to the public is another essential element. There should be some form of publicly open venue such as a product presentation, demonstration, or seminar where people can learn about the benefits of a particular product.