We have been very successful in Network Marketing (NM). Yes you can make money and create a great lifestyle. But... and it`s a big but, you have to understand that only a small percentage make any money.
Why? Not because its a pyramid scheme. Those are illegal (and you want to make sure you don`t get caught up in one)! We have helped many people "under" us earn more money that we have.
There are several factors. The company, the products and the compensation plan are important. Do your due diligence! Posting here is only a beginning. Find out everything you can about the business you`re looking at.
Is the company stable? The majority of NM companies fail within three years. Is there long term leadership? Integrity? Do they share your values? Are they working for you or do they expect you to work for them?
Do the products or services offer real value? Would you pay full retail for them?
Is the comp plan good math that rewards the people who are doing the work? Has it been messed with at any time by the company to reduce incomes to distributors?
Your attitude is huge. Will you treat it like a hobby or a business? Most people in NM treat it like a hobby and get the results of a hobby- hobbies cost you money.
You need to treat it like a real business. It`s hard because you don`t have to invest hundreds of thousands or millions of dollars to get started, like if you bought a MacDonald`s franchise.
Most people have never worked for themselves and try to build a business as an employee of the company. Again, this is a business and you are the CEO. You need to learn how to be an entrepreneur.
NM is also as much a people business as anything else. So you have to want to help people. The best thing about NM are the people! The hardest thing about NM are the people!
For us, it was essential that we had a good sponsor and we do. They became our friends and mentors. There are subtle things about each NM opportunity that can make or break it for you.
The good news is that all of the above doesn`t matter if you have a desire big enough to overcome any obstacles. We see this over and over again. People form every imaginable background succeed in NM.
So... ask yourself, "Why will I do whatever it takes (leagally and ethically of course) to build my business"?
Hope this helps.
Scott & Laurie
dsprindle2/27/2008 1:13 PM