Because not all internet promotion or direct selling businesses are created equal and spending the time upfront, at the beginning, to do your due diligence can pay of enormously later. So here are a couple of things you must consider before making the final choice :
How long has the company been in business? Are they privately held or in public traded. Who is the managerial team and what real world experience to they have in operating and growing a World business? Where are they open for business and can the products or services instantaneously be shipped into different countries without custom issues?
These are all important questions because most new, ground-floor startup firms fail inside 5 years. Not some. Most. So although it may appear like getting in on the ground floor is an advantage, in many cases, it should be a massive warning signal because the chances of this new start up company surviving is terribly slim and your best possibility of success is to join a proven MLM business opportunity with a definite record which has been in business, on a steady expansion curve, for a minimum of five years.
Another thing to consider is the price of the product and services. Ask this one query, “Would the typical individual buy this service or product from this company at this price, under ordinary market conditions, if a MLM business opportunity was not attached to it?” If you can’t truthfully answer, “Yes” then you should not join this company.
The explanation is only economics. Understand the majority who start in MLM will sponsor and induct less than 3 people their complete careers. In other words, most people never do what is important to achieve success in their new business. So if these people are required to make a monthly acquisition of a product they would not typically buy at that price… They may cancel their autoship and give up. Which is why the annual attrition rate, the drop out rate, in many social marketing corporations is usually in the seventy to 80% range. And any attrition rate higher than 20% annually will make building a moneymaking business fast very , very challenging.
So that the best MLM business opportunity is one that’s got a good product that folk already use at a price comparable to what they are already buying. If they’re used to paying $35 for supplement they already use and are now asked to pay $75… If they do not build the business they can soon quit and go back to paying $35 per bottle.
Next thing you must actually consider before beginning any new business is how, especially, you propose to advertise, market and popularize your new business. Because the base line is you will not make any money till you sell a lot of products and sign up a lot of new team members. So what is your plan? Because even the best MLM business opportunity out there will not make you a dime unless and until you effectively and efficiently market and promote that business.