I cannot list a number of good network marketing companies, below are some of the factors that make up a good network marketing company and they will help you choose wisely.
Check The Registration and Ranking Status: In the Network Marketing and Direct Sales industry, there is an organization called the Direct Selling Association (DSA). There are thousands of Network Marketing Companies in the world, only about 200 or a few more of them are registered with DSA. The reason is that every member company must abide by the high strict business ethics given by the organization which includes how they deal with their distributors. It does not mean that any other company that is not registered with them is not legit, but you will be on the safe side working with a company registered with them because they belong to a regulatory body that check-mate their excesses. For ranking check, mlmrankings.com and businessforhome.org search on the company to know if they have been featured or rank on these sites. Check an honest review of the company through Goggle and YouTube to know what distributors and online network marketing coaches and writers have been saying about the company. I know there are companies out there with good intentions that are not registered with DSA, so explore every other means below to make your choice.
How old is the company in business?
You may hear terms like “ground floor company” or “start-up opportunity”. This entirely means the company is brand new. Statistics show that a high percentage of new companies fail within their first five years because they are still in their formation stage. Every company started new and those that play the gamble of joining at the formation 5 years are the ones reaping most of the dividend today therefore If you are OK with joining a new company in hopes that it will still be around after five years and you are one of the few that “got in early” then this should not be a problem for you.
Check the Integrity of the Management Team. If the company is relatively new and you want to go ahead with it, check the integrity of the management team, the experience of the CEO and the team in the Network Marketing Industry, their backgrounds and reputations. How many years’ experience do they have in the industry and have they been successful in other companies in the network marketing industry. Their experience will help them shape the company to last a very long time than a money bag that just want to take advantage of the industry to amass wealth.
If you can, talk to people that are currently involved with the company. Ask the person that is presenting the business opportunity to you if they can introduce you to other members, preferably members not in their team, and listen to their stories about their real-life experience with the company.
Check Their Products or Services: This is a business, and just like if you were running a franchise or a storefront you must take a franchise of a product you know you can sell easily. Find out the features and benefits of their products to see if they will meet the need of the people you want to introduce into the business and those that will be your customers, will they use it and need more of the products?
Examine the Compensation Plan. Compensation plans come in all shapes and sizes. Some are extremely complex to understand and others are very simple. You must know how fair and generous the overall distribution is. This is really important as the pay plan represents exactly how you’ll get paid–or not get paid. If you don’t understand the pay plan how are you supposed to know how much effort will be required for a certain level of pay?
Sincerely Compensation explanation is complex subjects that cannot be explained fully in this article, even when you are explaining a simple compensation plan, but you must know the basics before starting your own network marketing business.