Wednesday, April 23, 2014

Finding The MLM Company That Is Right For You!

Here are the important aspects that you should try to look in an MLM or Network Marketing Company before you decide to join. The more criteria an MLM business posses, the better it will become, thus increasing your success potential.

1.) Credibility. This is one of the crucial part that you have to know in an MLM or networking business. Before making your decision, make sure to do some research on the background of the company, its owners, officers and the leaders behind it. The people involved should be credible enough in order for an organization to succeed. Most of all, they should be God-fearing individuals.

2.) Capability. Are the owners capable in sustaining the business? You can discover this by digging deeper and observe their current standing in life. Do they have enough funding? Do they or their technical staff hold sufficient technical skills to manage the company? You may also refer to the past programs that these people had been involved with and learn how those past businesses are doing. Capability can be determine when a company is able to sustain a program by taking continuous actions and implementing solutions in the midst of struggles that will be encountered along the way.

3.) Legality. Does the company adhere to the laws of the land? Try to check if they have adequate documents to operate the business. If it's new, you can verify if they have already applied for permits to run the company and make certain that you do some follow-ups about it as you go along.

4.) Products and Services. Are they promoting something of great value to the end-users? Find out if they're offering a useful product or service for the consumers. Having unique products or services will be of great advantage.

5.) Compensation Plan. This is also vital when finding an MLM of your choice since this is what it's all about. We do networking because we wanted to make money. So make it a point to study the company's compensation plan and ensure that it's fair for everyone. One of the business pay plan that I love is something wherein it's not only the pioneers who will make a lot of money but also those who came in later, even if they're already years behind.  A compensation plan should not be based on who come in first. It should be based on how it can reward those people who have taken actions regardless of when they've started the business.

6.) Customer Service. A company should have an active customer support team that can immediately address their clients inquiries and concerns. Confirm this by sending some support tickets and see how their support staff responds to your messages.

7.) Online and Offline. There's a saying that goes, "if your business today is not in the internet, then you're out of business". Enroll with an MLM company that have adopted to the changes of time. Nowadays, being online can help you reach more prospects, not only locally but all around the world. It would be beneficial if you sign up with an MLM or networking business that can be done both online and offline.

8.) In Line With Your Passion. Look for an MLM business that you feel comfortable with. It should be something that you love doing. You can't endorse food supplements when you love computers. I'm not saying you totally can't, but my point is, in order to succeed in an MLM or networking business you have to align it with what you love to do. One of the secret of success is to do what you love to do. When you're loving what you're doing, you surely can achieve your goals with ease.

If you enjoyed this post, please feel free to share it and leave a comment below. Thank you!

Saturday, April 19, 2014

An Important Lesson To Remember When Starting An MLM or Online Business

I was recently browsing my Facebook account when I came across a post that taught me a very important lesson which relates to starting an MLM or Online Business. I may have learned about this in the past but it was at this point that it struck me the most. It made me realize how truly important the message is, especially for those who are just getting started in doing business online. This is the reason why I'm sharing it here in my blog since it associates with the ideas of doing an MLM or Online Business and most of all it can also give anyone a hint on what it's really like to start a business and what is necessary to achieve the desired results and success on that particular business.

This  post is created by a good friend of mine in Facebook, Melvin Vibar who happens to be doing an online business with a company wherein I'm also a part of.

Here it is...

Doing an Online Business is like crossing a river . You join because you see a greener pasture on the other side of the river, the problem is how to get to the other side of the river . If you find an inactive sponsor, then you have to learn how to swim across the river . If you find a sponsor who is willing to help, then you have a boat to ride across the river . In most cases both the Sponsor and affiliate are on the same side of the river, in this case learning how to swim or paddle together can be both beneficial to the sponsor and the affiliate. In either ways you have to learn how to swim or to paddle to cross the river . Your sponsor or other people cannot do that for you.
Sometimes people join an Online Business expecting to get a FREE ride across the river to the greener pasture . Although most Online business is a TEAM business, individual success depends on individual determination, perseverance and hard work to learn how to do the business. Your sponsor or other people can guide you or teach you how to do the business but they cannot do it for you . If you want to be helped then you must help yourself , do not expect other people or even your sponsor to do the business for you . . .

Well, I do hope that you learn something from this the same way that I do. If you find this post interesting, feel free to drop by some comments below and share it with those who need it. Who knows, this could be a great help to anyone that you're currently connected with right now.

Tuesday, April 15, 2014

Setting Up A Business Plan For An Online Business

When you set up a business plan, you are road mapping your way to success. It will guide you in developing your business goals and strategies, as well as providing you with a better understanding of the marketplace. It will also highlight the business strengths or weaknesses that you may have, as well as giving you an opportunity to take a closer look at your competitors. If you want, you can also include financial projections, historical data and growth expectations into your business plan.

In any good business plan, it should show who the target audience is, and just how the product or service that is being provided will meet or exceed their needs and expectations.

When creating a business plan it is best if you break it down into sections such as follows:

1. Business summary – is an outline of the product or service that you want to provide.
2. Market analysis – includes the research on the product or service and how the competitors are doing.
3. Product positioning – illustrates ways on how to make your product more well-known compared to your competitors.
4. Market strategy – shows tactics on how are you actually going to market your product or service.
5. Customer analysis – getting to know your customers and looking at what are their wants or needs.
6. Financial analysis – relates with the finances that you're going to invest in order to set up the business and to keep it going while it is just getting started.
7. Overall business goals – defines what you hope to achieve in, say, a year’s time.

Aside from the things mention above, what is more important is that once a business plan has been developed, it should not lay in the back of a drawer somewhere. It should be a working plan that you can refer to when you need to.

A smart approach to make a business plan is to keep it simple (one or two pages should be enough). Certainly one of the best things you can do when starting an online business is to create a plan then stick with it.

If you enjoyed this post, please tell me your thoughts and share it with your friends. Thank you!