My Primary
After having spent quite a number of years in the MLM and Network Marketing industry, I’ve come to realize there are a lot of people who are being mislead into believing they will begin making a lot of money within a short period of time.
While I do not necessarily believe people are always being mislead intentionally, I do believe it is the responsibility of each of us to really investigate the company prior to joining. Ultimately, we are the ones who are signing on the dotted line.
Most honest companies will tell you to expect 3-5 years to see any significant income with your consistent effort. Regardless of what I see and hear on a regular basis online, I know that success does not happen overnight. While it may appear there are some real ‘movers and shakers’ in any particular business, I was surprised when I took a closer look. Why? Because some companies allow you to purchase your position, giving the appearance of instant success. Many of the the heavy hitters have had years of experience and have brought over their downlines from other companies they were previously involved with, giving them leverage when it comes to advancements and promotions.
Fair? Think again…..
I want to give you five specific reasons why I have chosen the company I am with. This will assist you in determining the structure of the company and just how solid the foundation is.
I Examined the Integrity of the Company- This is by far the most important part of joining any business opportunity. Most people don’t take the time to read a contractual agreement. The companies realize this and perhaps that is why the really nasty parts of the policies will be found in the middle to the latter part of the agreement. When you are reading through your contract, take your time and have someone assist you if necessary.
Here are some of the policies that were a red flag to me when I began searching for a company to join. These are copied directly from the policies and procedures of a few companies that are well known in the industry, however, I chose to use ‘representative’ instead of the title used for by the companies to identify those who were distributing their products or services.
1) If any member of the ‘representatives’ immediate household engages in any activity which, if performed by the ‘representative’, would violate any company policy or any provision of the agreement, such activity will be deemed a violation by the ‘representative’. Hmmmm…….I am penalized for my families activity? Yikes!
2) To qualify for compensation under the company compensation plan, ‘representatives’ have the ongoing responsibility to service, supervise, motivate, train and assist their downline.
Hmmm……Okay…..so how can I retire if I have an “ongoing responsibility”?
3) During the period that the company agreement is in force AND for a period of twelve months after cancellation, ‘representatives’ and all members of their immediate household are prohibited from directly, indirectly or through a third party (WHAT?????) recruiting ANY customers or ‘representative’ to participate in any other business venture. Geez……this meant I wouldn’t own my list of people I brought into the company!
Anyway, I’m sure you see the point here. If I wanted to own my own business, I had certainly better find a business that would allow me to retire, pass it along to my children, offer other business opportunities to my downline and keep my own list!
Timing in the Industry and the Company – I wanted a company that showed consistent growth, was at least 2-4 years old and was owned by former network marketers in MLM. What most people are not aware of is that 90-95% of the new companies don’t make it past their first year. The companies who are fortunate enough to make it past year one, have a 90-95% chance of collapsing their 2nd year. So, new companies are not an option for me.
Great Products at the Right Price – Simply stated, does the product line have a mass of people that have a need for the product you are trying to market?
A Compensation Plan that PAYS the Part-Time Person – When asked how much network marketers would like to make on a monthly basis, the typical response is $10,000.00. What is your goal? I have to find out in advance exactly how many people I was going to need in my downline to create a residual income of the amount of money I desired. Does this sound reasonable to you? It did to me and I love the fact that I only need approximately 350-400 people in my downline, on autoship, to make $10,000 a month. Residual income is what allows us to retire.
A Proven and Duplicatable System – It’s really important that there is a system in place that can be duplicated. If there is no system, my business will not grow. The goal is to bring highly targeted people together and I needed a system to do that effectively. I’ve got a great system that allows me to bring people who are serious about network marketing, understand the power of residual income and are ready to get started!
While the MLM and Network Marketing industry is certainly an amazing vehicle to create wealth from the comfort of my own home, I learned to use caution. I did my homework. I didn’t just jump in blindly without doing the research. It’s so important to find a company that I can be proud of, knowing that I can introduce others to it and nobody will get hurt or be mislead.
If you are searching for a way to make a residual income from home and would like to know more about what I do, you are welcome to contact me personally at 360-665-0183 or send me an email at sabrinacoffin@gmail.com
Your friend and mentor,
