Your Questions About Network Marketing

Da Spokesman answers:

Dr. Charles King (MBA from Harvard) actually outlined Four Basic Business Principles to look for in ANY type of business.

1. Huge Expanding Market – i.e. Not Toothpaste
2. Unique and Consumable Product – Exclusivity and the Consumer Uses up and Repurchases
3. Timing – Following economic trends (PCs, Internet, SUVs, Health and Wellness**)
4. Leverage – Working together and not by yourself. Businesses have leverage because many different people are working together.

Entrepreneur.com is an EXCELLENT source of all things business whether you want to do franchising, network marketing, small business, start a corporation, or start an online business.

Personally I like the idea of network marketing because I believe it is the fairest form of business and compensation, but I know this is not for everyone.

If you want to know more about my company go to this site and enter your email for more information

Da Spokesman answers:

I have 5 years experience in network marketing, also known as MLM. It is the same thing. The network marketing plan is an absolute excellent concept! However, the trick is to make sure that you find the right company. I have tried several before finding the right plan and many of them have unreachable monthly goals and/or require that you personally buy a large monthly amount in order to qualify for your commissions. You need to be very careful in looking for the right plan.

I have an article that will help you learn what to look for, what to avoid and what questions to ask to determine if it is the right opportunity for you and that the company is legit. As far as quitting your job, you have to be sure that you can afford to financially quit until you have established your network marketing business. Many people work full time or at least part time when they first start to give them the financial stability they need until they are esablished in their business. This is something that only you can decide.

Also I have a few opportunities that seem to have some great potential, they are listed below but you can check them out and see:

Amway

5Linx

Empower Network

I wish you all the best in whatever you choose and look forward to helping you.

Da Spokesman answers:

As you probably know, there are a number of companies offering home-based business opportunities. Before I chose a home-based business, I decided it was important to do my due-diligence. I didn’t want to waste my time or money starting a business that was doomed before I began. Here is the criteria I used to evaluate the various companies at which I looked.

Is the company stable?

To determine whether or not a company was stable, I looked at the following:
Has the company been in business for at least 5 years?
Where does the company do business?
Does the company have a good reputation? (Check with the B.B.B.)
Is the company a member of the Direct Sellers Association?
Is the company publicly traded?
Does the company do at least 100 million in annual sales?
In my research, I discovered that the vast majority of home-based businesses are bankrupt within five years.

Generally speaking, the more countries a company does business in, the more stable they will be. It is a good indication if the company operates in the United States, Canada and at least one other country.

I also found that reputable companies were members of the DSA (Direct Sellers Association). Members of the DSA are held to strict ethical guidelines that would protect me and the consumer.

If a company is publicly traded, they are required by law to disclose all financial statements to the public. This information can be obtained by visiting the S.E.C.

Is the product unique?

Having a unique product or service was important to me because if the product was not unique, I would be forced to compete against other companies on price and convenience. By having a unique product, my customers would have no alternative other than to buy from me.

Is the product consumable?

This was my next question. Even if the product I am selling is unique but is not consumable, I would constantly have to find new customers. In other words, I would be unemployed until my next sale. With a consumable product, customers would continue to buy my products and I would continue to earn a residual income without having to find new customers.

Is there a demand for the product?

Having a unique and consumable product wouldn’t mean a thing if there wasn’t a demand for it. This is why I looked for a company that had a product that would be in high demand. In looking at market trends, I discovered that the 1 BILLION “Baby Boomers” are creating the largest trends in the world. As a result, I wanted to find a company that was marketing products that would appeal to this group of people.

Is there product validation?

I did not want to risk my reputation by selling a product that amounted to little more than “snake oil”, so it was important for me to know that the product was scientifically validated before I could feel comfortable selling or recommending it.

Da Spokesman answers:

MLM is multi level marketing based on Matcalf Law as stated in Business School by Mr Robert Kyasaki and in this concept company deals with customer directly distributing profit/income to its networkers according to their respective plans instead of middlemen. MLM which deals in fmcg, health, cosmetics, daily need products etc are not pyramid schemes.MLM global turnover is around USD 150 billion.

You can go through http://www.mlm.com and http://wfdsa.org and http://www.indiandsa.com and http://www.dsa.com

Da Spokesman answers:

If you do your due diligence, you will find that many of these websites have been there for years, meaning they are successful.

Not to say that there aren’t any scams, because there are.

Be careful of the ones that promise overnight riches for doing practically nothing. The saying, “If it sounds too good to be true….” applies.

Internet marketing is a real and viable business, and if you are willing to put in the time and effort it can be accomplished.

You can even set up your business using completely free to use tools, software and tutorials.

Check out this website for a list of some free tools you can use. It lists great free tutorials made just for newbies that give step-by-step instructions on how to do it.

Http://tinyurl.com/olkn56

This Concludes This Question And Answer Segment of Network Marketing

Hope this helps answer your questions. Look forward to hearing about your future success and how the information has helped. If you still have questions, feel free to post them in the comment or go to the facebook page and post it there.

Take Care And God Bless:

Greg “Da Spokesman” Stargell