If you are going into business for yourself, then it’s important you choose the right opportunity. Finding the right MLM business will be the most important step you take for long term success.
If you wanted to open up your own sub sandwich shop. You would do tons of research, to find out what is the best opportunity. As an example, a subway franchise is $80k to start. Spending that kind of money would require you to do long, hard research. If you made a bad decision then you would be out your $80k, and I bet no one wants to lose that kind of money.
The same is true with finding the right MLM business. It’s important to do your research before jumping in. Just because the entry to get in is low, does not mean you can jump in without any knowledge of the opportunity. Yes, most MLM business are between $100 and $500. If you lost that much it would not put a huge dent in your wallet. But I don’t like to lose any money, and I am sure you do not as well.
I have put together some things you can use in your research of a good MLM Business.
1. Product Must be In Demand
Any business you get into will require you to sell some type of product. No business will exist without some form of product or service being sold.
Products will move faster out of your hand, if you can find something that the masses want. The new year is coming up, and what do people usually say for their new years resolution? “I want more money” or “I want to lose weight”
Every year it’s the same, and I bet it will go on for a very long time like that. So products that either give people more money, and let them lose weight will always do well.
A great tool to find out what would be a hot product, is to use google insight tool. Do a search for insight tool on google. This is a free service that lets you put in any keyword, and see what is popular. You can put in up to 5 different keywords, and see what comes up. Add in stuff like, health, money, travel, etc.. Start with those, and then keep expanding. Health products, diet products, weight loss products. You will see what products would be in high demand.
2. Make sure the MLM Business has Growth Potential.
See if the product you choose will have the ability to have growth potential. The product should still be in high demand 2,5, or even 10 years down the road. Will people still want what you have in a few years? It would be no fun if you built up this business, and then find out in 2 years that the product is not in demand anymore.
3. Opportunity must be around a few years.
I never look at a MLM business if it hasn’t been around for a least 10 years. Try not to get caught up in the ground floor opportunity hype. Companies that are just getting started have to build a foundation first. Since most businesses fail in the first 5 years. It makes sense to let others take the risk with a start up.
Your goal is to see yourself still building the same business 10 years down the road. The company must be solid before you step foot into it.
A 10 year old MLM Business has worked out all the bugs, and kinks that go with any new company. You can also see others that are having good success, and learn from them.
If you can find a company that is 10 years old, debt free, high demand products, and the same management from the beginning. Well then you have a winner and should jump right in.
Your “Upline” Just Doesn’t Know This Stuff, and It’s Killing YOUR Business…
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