Big MLM Tip of the Day: The 5 Pillars of Success in Network Marketing #1 Company Management Experience With Integrity

This post starts a 5 part series on the 5 Pillars of success in Network Marketing.  When looking at any network marketing company, Keep these things in mind. If it is not a 5 Pillars company, it will be difficult to build.

For any network marketing company to be successful, there are 5 pillars that must be I place. The first is "Company Management Experience with Integrity". 

What does this mean? It all boils down to who is running the company. What is their experience? 

There are a lot of company owners out there that cannot spell MLM. Has this person ever built an MLM downline? If not, he will likely have little respect for those who do. He will brag to his buddies about the huge volume HE is moving. Guess what bud, it's not you, it's the distributors. 

These owners with little experience are the ones who will have a policies and procedures that is 60 plus pages filled with legal terminology. This is normally because they came from the corporate world and decided to "TRY this MLM Thing".

The person with real world MLM experience doesn't do that. They respect the distributors because they were one. The corporate guys are the ones who will add all sorts of removal or termination clauses in their distributor contract. 

Bottom line, you want a company that is run by someone who knows MLM. You wouldn't take your car to a shop that was run by a barber.Why would you join an MLM company run by a lawyer?

Over the next 4 days we will cover the rest of the 5 pillars, but if you want to know more about them, visit the Mentoring For Free link on the Mentoring Resources page.

Big MLM Tip of the Day: MLM Companies: Publicly Traded vs Privately Held

When looking for a network marketing company, should you pay attention to whether the company is publicly traded? 

Absolutely, there are some issues with publicly traded companies in MLM. Mostly, they have investors to keep happy, and usually have a great deal more overhead. More overhead means less money to pay distributors. 

Therefore, you will need more people to make the same amount of money compared to a similar privately held company. We will cover more on this at a later date. Just keep this in mind when researching a company.