8 Keys to Multi-level Marketing: Get Rich with the Right Marketing Business Opportunity
If you’re looking at a multi-level marketing business opportunity, here are eight key considerations to know before you dive in.
Look for a multi-level marketing business opportunity that has, number one, quality products with a good reputation. Never waste your time trying to sell anything that is not of excellent quality. Quality products are the starting point of your success in business. No successful company, including a multi-level marketing business, can ever be built on an average or mediocre product.
Look for Competitive Prices
Number two, look for a multi-level marketing business opportunity that has prices that compare favorable with the competition. Remember, nobody’s going to pay more for your product or service if they can get the same or equivalent somewhere else at a lower price. So check the price comparisons.
Demand a Money Back Guarantee
The third thing you look for is a 100 percent unconditional money-back guarantee. In other words, the product must be so good and the a multi-level marketing business must stand behind it so strongly that they’re willing to give a 100 percent refund guarantee on anything that they sell. That’s a very good rule for starting and building any business.
Carry a Small Inventory
The fourth key in finding a multi-level marketing business opportunity is that there should be a small or zero inventory requirement. You should be able to get into a multi-level marketing business with very little money. Not more than a hundred dollars.
Keep Good Records
The fifth requirement you should consider when looking at a business opportunity is that the company provides prompt delivery and efficient internal bookkeeping. A multi-level marketing business that’s well organized will be able to deliver your products within 24 or 48 hours for you to sell, or deliver to your customers. They’ll also take very good care of the books and give you accurate financial statements each month.
Seek a Strong Support Organization
A sixth thing to look for is a strong support organization. This is perhaps as important, if not more important, than anything else. Look for a support organization that will offer you training, that will give you seminars on product knowledge, that will give you motivation, and give you opportunities for personal and business development. Many people who have started with multi-level marketing companies have gone on to be very successful in their own businesses because of the training they got from the multi-level marketing business. If the company doesn’t have a training system, try to find a company that does.
Honesty is the Best Policy
The seventh factor that you require is honesty and integrity. Make sure that the parent company has an impeccable reputation in the marketplace. Remember it has to be a company that you can be proud of. You should never have to make excuses for the company you’re working for.
Product Should be Consumable
Products should be consumable, leading to reorders and repeat business. You should try to sell a product that people use up on a regular basis, so that if they’re happy with it, they’ll continue to reorder and reorder and reorder. And once you get a customer, sometimes you can have a customer for years.
Thank you for reading this post on the 8 key factors your should consider before diving into a multi-level marketing business opportunity. If you have any other tips, please feel free to share them below.
To learn more about how to achieve a millionaire mindset, take a look at my recent post Look Rich Or Be Rich: Develop A Millionaire Mindset To Achieve Financial Independence.
About Brian Tracy — Brian is recognized as the top sales training and personal success authority in the world today. He has authored more than 60 books and has produced more than 500 audio and video learning programs on sales, management, business success and personal development, including worldwide bestseller The Psychology of Achievement. Brian's goal is to help you achieve your personal and business goals faster and easier than you ever imagined. You can follow him on Google+, Twitter, Facebook, Pinterest, Linkedin and Youtube.