Yesterday we talked about the MLM Comp Plan. Today we want to go a little deeper into researching the company and its leadership. Google is your friend when performing MLM Company Research. If you dig enough, you can find anything about anyone or any company.
I usually start by finding out how long the company has been in business. Anything under two years is a red flag since the odds are it will not be around that long.
Next, check out the company leadership. Are they from the MLM world or fortune 500? This makes a Big difference. The corporate guys have a hard time spelling MLM.
We talked last week about analyzing MLM Compensation Plans. That would be the next thing to look at.
After these, you will want to take a look at the company’s position in the market, and what the market is doing in that niche. This will be our topic for tomorrow.
I usually start by finding out how long the company has been in business. Anything under two years is a red flag since the odds are it will not be around that long.
Next, check out the company leadership. Are they from the MLM world or fortune 500? This makes a Big difference. The corporate guys have a hard time spelling MLM.
We talked last week about analyzing MLM Compensation Plans. That would be the next thing to look at.
After these, you will want to take a look at the company’s position in the market, and what the market is doing in that niche. This will be our topic for tomorrow.
Bill,
ReplyDeleteI agree on the fact, doing your research in google. Google is a great tool, but don't always believe the first article you read. Anybody can put out a blog bashing another MLM, then work on getting it ranked.
Second, a business has to start out sometime. So not joining a business because they have not been launched for more than 2 years does not necessarily mean it's a bad business to join. Management tends to move from MLM's to another because they have succeeded in there last opportunity. MLM's do take a few years' to prepare for a launch.
I do agree on what you had said about researching the management. This is very "Important."
I usually join an MLM for what I believe in and what I believe I can make work.
Great post Bill! I like to read what other people's views are. Shared all over for you my man!
you make a great point Tim. You will typically want to comb through several of the links on Google to get an "average" so to speak of what people are saying.
ReplyDeleteAs for how long the company has been around, that's a personal choice. Considering that over 90% of companies never make it two years, I'd hate to build in a company to have it disappear on me 6 months later.
Hey Bill,
ReplyDeleteThis is good advice.
J
Bill,
ReplyDeleteLittle gems drop from you fingertips when you place them on the keyboard. :) Keep up the great work.