Article by Barry Monteiro
Whether you are already involved in network marketing or you're trying to find a network marketing company to work with, there are a number of important things to think about before you get involved and invest your time and money in a business opportunity.
It can be all too easy to get swept away by the enthusiasm of the speaker at a network marketing presentation and by their marketing materials; not to mention their promises of making you unbelievably wealthy overnight. However, before you sign anything, there are a couple of questions you need to ask.
Knowing the answers can ensure success and head off disaster as you begin a network marketing business.
The first thing to examine is the management of the company. What sort of professional background do they have and how long have they had this network marketing company? What kind of shape is the company in financially? You should do some research on the people who make up the company's board of directors if the company is shady, it's almost certain you'll find someone talking about it somewhere.
Obviously, you want to be successful in your network marketing venture, not put in a lot of effort and money into a company which is about to go under.
If the company seems to be financially stable and the board of directors don't have checkered pasts, then the next question is how long has the company been around and is it still growing indeed, does it look like the company is currently expanding?
Growing a company takes some time think of it as pushing a boulder up a hill; it's slow going on your way up. Of course, the boulder could always slip and roll right over you as it heads back downhill.
Once you're at the hilltop though, the boulder can build up plenty of momentum as it speeds downhill.This is the best time to get involved with any company. The company is already well established and is just starting to build some serious momentum towards growth.
When a company is in this part of the growth curve, this is the by far the easiest time to build a healthy downline for yourself.
The exact moment of this rapid growth is difficult to pin down it usually happens between three and five years after the establishment of the company (but does vary depending on the company and on overall economic conditions).
Timing in terms of getting in on rapid growth is one thing but you also need to know when the right time to get involved in the market sector represented by the company's products and services is.
This is where research comes in. You need to know about the market conditions for the products sold by the company. Network marketing involves building a downline for residual income, for sure but it won't survive without having a customer base who actually wants to buy the product you're selling.
Unless there is a demand in the marketplace for the products offered by a network marketing company, it is doomed to failure.
Have a look at the company's pricing model are their products a good value for their price? The best network marketing companies sell their products at the same price whether selling to consumers or distributors. If the product is priced so high as to be unattractive to consumers, then this is a network marketing opportunity which is best avoided.
About the Author
Barry Monteiro is the Creator ofGobal Internet Home Business. He is a successful internet marketer and home based business coach. He writes about online networking and shares ideas helping others achieve online marketing success. To learn more about launching a successful home business today visit Gobal Internet Home Business.