Majority of people choose an opportunity without any research. This is because you are approached by a family or friend about a business opportunity and you join because of your love and trust in the relationship. In 99% of the cases the person who is sponsoring you has done no due diligence regarding the company. It is like blind pushing the blind. The result is invariably a catastrophe. Please remember what you are getting into is a business. It is about money. It is about your time, effort and sweat. It is about your future and the future of your loved ones. It depends upon the quality of your decision. So please choose carefully and intelligently.
# THE COMPANY YOU CHOOSE MUST HAVE THE MANAGEMENT WITH RIGHT EXPERIENCE AND INTEGRITY
This is very important. The reason why Warren Buffet is the most successful investor is because when he buys stocks of a company he looks at the men behind the company. It is always people behind the company who are the wealth creators. If the management is weak or lacks integrity, the business will fail. So when you decide to join a network marketing company do some research on the people behind the company?
It is the distributors who are the real stars of the company. If the distributors were not present the company will have no sales. Yet there are companies who look to compensation plans that increase the company profits at the expense of the distributors. They look to create breaks in the compensation plan so that they can stop paying distributors if they become too successful. People join network marketing companies to create residual income. But when they wish to retire, some companies feel that ‘why should we continue paying them if they are doing no work’. So they look for ways and means to terminate the contract. They insert clauses in the fine print of terms and conditions (which nobody reads at the time of becoming a distributor) that the company has the right to terminate the contract if there are no ongoing sales or sponsoring or if the person does not attend the company sponsored meetings. Sometimes they reserve the right to terminate the contract without assigning any reason. They also add a clause that you can be no part of class action law suit. In other words you can’t even sue them if they terminate your contract. This is like someone taking away your income achieved through lifetime of work. This is stealing. Such actions speak of very low integrity. Never become part of such a company. Read the fine print in terms and conditions before signing up to become a distributor.
The management must have the experience to take the company to a new level as the business grows. They must have the ability to guide the company during hard times. If the company fails to adapt and survive the changing times and economic conditions so will you. If the company performs well then your business will grow exponentially as a result.
In our case Brad Sugars (our sponsor) who is a business coach par excellence and has the fastest growing business mentoring franchise in the world had done a thorough research on the credentials and management of MonaVie. He visited the factories and met the management to get first hand information about the company and people behind the company. A man of his position and stature cannot lend his name to a company without thorough research.
We joined MonaVie because of our faith in the judgment of Brad Sugars. Our faith in experience and integrity of the management of Monavie has proved correct because the business turnover has quadrupled since we joined eighteen months back. MonaVie is founded and lead by an innovative, dynamic and experienced team of professionals dedicated to changing lives around the world. The company works in partnership with its distributors and treats them like a family. The company operates with a very high level of integrity. They are very strict regarding distributors making false claims either regarding the product or their earnings from Monavie. Each year the company publishes a statement regarding earnings by the distributors in each rank they have achieved. Their terms and conditions are very fair to the distributors. We are very proud of our company and speak from our hearts. You are welcome to do your research by clicking on the links we have provided or by searching on the net or by visiting the company.
Integrity and experience of the management is very important to your success and you should never compromise this aspect when selecting a company to join.
# TIMING IN JOINING A BUSINESS IS OF GREAT ESSENCE. YOU CAN EITHER RIDE THE WAVE TO SUCCESS OR BE DROWNED BY IT
Right timing consists of two separate factors and these should not be confused. First one is the right timing in the Industry. Second factor is the right timing in the company. We will discuss them in some detail. If you get one right and the other wrong then you will not get great results. If you get both the timings right then you will ride the wave of success.
TIMING IN THE INDUSTRY
Each industry has a cycle. Some product cycles are very long where as other product cycles are very short. For instance few years back there was great excitement regarding video emails. Some network marketing companies called it the wave of the future and started enrolling distributors. Today video emailing is free on the internet. What happened to the profit margins of these companies? Obviously they never survived. What happened to all the effort by the distributors? ZERO outcome. They lost their time, effort and money in promoting a product whose life span was only two to three years. High technology products have a very short window of opportunity. To try and tap into these is very difficult let alone build a residual income for retirement.
To succeed in network marketing is to be in an industry that has a very long product cycle that will not go out of fashion or become redundant with technological change. The most successful products in the network marketing business have been those related to the health and wellness industry. These products are timeless as the need to live longer, look younger and be healthier will always remain. It is the basic human need. It will never go out of style. The timing for health products is also perfect with ‘baby boomers’ coming of age in their late fifties and sixties. For the last six decades baby boomers have determined the industry trends. In the next two decades the main concern of the ‘baby boomers’ will be their health. Health which is a $20 billion dollar industry today is expected to explode to a trillion dollars in sales on the wave of the baby boomers by 2010. The timing is therefore right to join network marketing companies promoting health products. The big wave is set to go into motion and we should ride this ‘health’ wave or we will miss a great opportunity in history.
When the timing is right, NON-network marketers will take your product to the marketplace. The timing means NOW. Not 6 years earlier. Not 6 years later. Timing will make your work ten times easier. Millionaires have been made in network marketing because of timing alone. Learn to ride the wave!
TIMING IN THE COMPANY
Once you have selected the industry then you have to look for a company within the industry whose timing is right for you to join. How can you gauge the timing in a company? It is difficult but below are some tips:
A. Most companies fail in the first year or two of their operations. You'll waste a lot of time, money & energy if you get in too early.
B. You'll waste a lot of time, money & energy if you get in too late. Momentum growth period of these companies occurred years ago. These companies are household names maybe with products using out dated technology. They are like dinosaurs facing extinction. You're will fight a real uphill financial battle to sponsor people into these companies.
The best time to join a company is around 3-5 years of its start up. By the time it would have proved its staying power and about go into momentum growth.
If you can get the timing of the industry and the company right and also other parts of the formula correct, then you are perfectly positioned to ride the momentum wave to wealth. The timing of MonaVie simply cannot be better. It is a unique product in health and wellness industry. The company has just completed its third year in operation and it is gaining huge momentum with sales are doubling up every 6 months. There has been a wide coverage in the media about the company and the product. Who is better to judge MonaVie’s future performance than Maria Ramirez, recognized by The Wall Street Journal as one of the top five forcasters. Maria is an independent observer who comes regularly on CNN and Fox News.
“Within the functional food and nutritional beverage category, MonaVie is perfectly positioned for exponential growth”
Maria Ramirez
When we talk of timing of MonaVie it is simply PERFECT. Are you willing to ride this wave of HEALTH and PROSPERITY? Then what are you waiting for…..TAKE THE PLUNGE!
# THE PRODUCT HAS TO BE REMARKABLE
If there is no EMOTIONAL attachment to the product you will not succeed. You can never recommend a product to someone if you cannot become emotionally involved with it. Network marketing is referral based marketing. You can never transfer your enthusiasm to someone if you don’t have feelings for the product. Here comes problem with companies promoting multiple products through network marketing. The idea is that you will generate more volumes through more products. In fact reverse happens. Firstly no company, howsoever good, can produce hundreds of goods that are unique. So we have a situation of hundreds of mediocre products about which the distributor has very little knowledge or emotional attachment. There is hope that if we throw so many products at the customers that some of them will stick and volumes will get generated. Network marketing works with niche quality products that have special qualities that need to be sold through transference of knowledge and enthusiasm. Network marketing does not work with ordinary products that have little or no intrinsic value.
When you promote multiple of opportunities and products, you undermine your network. If you try to appeal to everybody with your multiple streams of products & services, no one will take you seriously. This is because you have failed to create an identity in their mind. The net result is…..
No trust. No loyalty. No network.
Loss of focus = loss of power. You ruin your quality perception, because, to consumers, specializing = quality. You will struggle to promote numerous unrelated products & services that you don't know well. You lose efficiency, competitiveness, and you get a smaller market share. You are better off to do your research, choose the RIGHT opportunity and product, and FOCUS ON THAT ONE!
If you are focused you will attract customers & associates you want. They will be excited because they feel that they are a part of something big. It will create a belief in their minds that you'll be a big success. A specialist always knows more and a better quality product always wins over hundreds of mediocre products and services. You will win if you remain focused in a quality niche market.
The product has to be so remarkable that people should be willing to buy it even if there is no compensation plan involved. The product has to be priced right. If you start explaining why the product is so expensive then you will become a sales person rather than a network marketer. In any network marketing organization there will be around 80% of the people who are only users of the product and will never build the business. If the product is not remarkable or priced correctly then these people will stop using the product. The business simply cannot succeed if people do not find a great value in the product.
The product should be such that it is not readily available in the super markets and neighborhood stores. It does not make sense for someone to buy a product that they can buy cheaper from a store next door. The product has to be unique and remarkable. The product has to be such that it is difficult to replicate it. If everyone starts replicating the product then the price starts to come down and the margins get squeezed out. The company will go out of business and so will you.
Most importantly the product should be a consumable product that people use every day and need to buy every week or month. In case there are no volumes in product sales/consumption there will be no income.
Monavie is a unique product. It is delicious and healthy blend of the acai berry – one of nature’s top super food – and 18 additional body-beneficial fruits. While each fruit was selected for its unique properties, together, their synergistic union reaches far beyond what any single fruit could accomplish. MonaVie delivers key phytonutrients and antioxidants to help you maintain a healthy and active life style. Acai berry grows only in Amazon. MonaVie has patented a special refrigerated process to ship the fruit from Amazon so that it does not lose its nutritional value. There is very interesting science behind the acai berry and Monavie which makes it a unique product that is difficult to replicate. If you wish to learn more about this unique product then please click HERE.
# THE COMPENSATION PLAN MUST BE EQUITABLE, JUST AND WORK WITH NUMBERS
The most important thing about a compensation plan is that it should work with numbers. If it works for only 5% of the people and not for the other 95% then the compensation plan will not succeed. The business plan has to be equitable and just. Newly sponsored people will remain in the network only if they see the plan working for them. They should not only breakeven but be in profit within the shortest possible time. You can lead people only if you can take them one step closer to their dreams. You have to show them small success before they are prepared to take the long march with you. You are doomed from the very start if the plan does not work with numbers. The plan has to work for average ordinary people. This is because most people who join your business will be average and ordinary. The business plan has to work for average part time workers who make the numbers. If the plan does not work with numbers then simply walk away.
Network marketing statistics show that on an average distributor sponsors 2.7 persons into their home business. This means that any compensation plan that requires more than 3 persons in their frontline will struggle to survive. Binary plans that require only two persons to be put in the front line have proved to be most successful in the industry. Any successful network marketer will tell you that the main source of his income in network marketing comes from two to three people in his team. If this be the case then compensation plans that are too wide just do not work. Binary plans cause spill over’s that support the effort of the new members in the team. The new members feel nice when their upline member place someone below them in their team. This helps build relationships that are essential in network marketing. Always choose a plan that does not force you to go wide and rewards you to work deep. Working in depth helps create relationship with your team members.
Any compensation plan that rewards for recruiting into the system is illegal. Most likely such plans are illegal pyramids with no tangible product in the offing. In illegal pyramids the moment you stop recruiting your income will stop. Such companies camouflage their intentions by selling products that have little or no value. Sooner than later authorities close down these companies for illegal practices. You should never become part of such scams and lose your hard earned money and effort.
For a network marketing company to be ethical and legal the money in the compensation plan has to flow out from sale of products. The joining fee for such companies is normally very low because there is no money to be made from sponsoring people. This helps in sponsoring new people into the business because the start up costs is very low. MonaVie has a joining fee of only $39 which is charged for initial literature about the company, advertising materials and a website that operates your virtual back office from where you can control your business. Ethical companies succeed on the basis of a strong product that people want to buy and use.
A good business plan should be backed by generous contribution from the company for the efforts put in by the distributors. A method to check if the compensation by the company is really generous is to check how many people need to be in your network to generate an income of $10,000 per month. If the figure runs into thousands of distributors then it will take very long time for you to generate any decent income. There are companies who only give back 15% to 25% of the turn over to the distributors. You will put in twice the amount of effort to build your business when compared to company that pays out 40% to 50% of the sales turn over.
MonaVie has an exceptionally generous and innovative compensation plan that pays in eight ways and guarantees that each week 50% of the total GV will be paid out to distributors. This results in income of over $10,000 per month to distributors with only 300 to 500 persons in the network depending upon the level of purchases/sales. In case some of the distributors in the network are inactive then the numbers required will be higher. Another important feature of the MonaVie compensation plan is that points are non flushing. As long as you are active in the business your group volume points will never be lost and will carry forward from week to week till such time you qualify for commissions. This is a big advantage when compared to many compensation plans wherein your points get flushed out at the end of the month if you don’t qualify for commissions.
Lastly, publically traded companies should be avoided if possible because their operating costs are generally very high. These costs get added to the price of the product and as a result the compensation paid to the distributors gets squeezed out. Companies like MonaVie that are privately held operate with much lower overheads and tend to be more profitable.
# CHOOSE AN OPPOPTUNITY WITH SYSTEMS FOR DUPLICATION
Why most businesses fail is because they do not have systems in place. On the other hand businesses with mediocre products but with great business systems always succeed. Take the example of MacDonald. They do not make the best burger in the business. Even your mom will make a better burger. MacDonald is the largest burger chain in the world simply because it has the best business system in the business. This is also true for network marketing companies. Check the business systems of a company before you decide to join them. Go for a system that respects people and attracts likeminded individuals.
To succeed in this business you need a tested, proven, duplication system. The system has to be very simple or it will not be duplicated by ordinary members of your team. Everyone you sponsor and everyone they sponsor needs a step by step system to get their business off to a fast start. These systems can be online, offline, one on one, cold market, warm market, retailing, recruiting or becoming a mentor to their personally sponsored people. The system must also help to develop the individual members and build leadership. A person does not need all the techniques to be successful but the system should make these available to choose from that is best suited for his style of business.
To the best of my knowledge there is no company in network marketing that provides a comprehensive, realistic and affordable system to help you build your business. This is because it is the job of the network marketer to build his own business that is best suited to his style. The company provides you the backup system so that stocking, distribution and customer complaints/queries are taken care of. They pay you generously to spread the word and bring in new customers.
Every company has individual groups of entrepreneurial reps who put together a system to help you build your business. You cannot succeed without the help of these people and the support systems they provide. These are the people you want to find and work with. If you want to leverage your time and effort you have to join one of these groups to succeed. They help not only you but the people you sponsor into the business. Don't join a group unless they have such a system in place.
I was in property mentoring business for nearly a decade and have helped hundreds of people to become millionaires and realize their dreams. This is because of the excellent support system my company provided. When I became engaged in network marketing with MonaVie my dream was to create one thousand millionaires through this business opportunity because I understood the power of this business model. Through my experience I understood the importance of setting up very strong support system to help my team achieve their dreams. I realized that I could never achieve the goal of creating thousand millionaires without proper support system. The first thing I did was to form TEAM MASSIVEPASSIVE that provides an excellent online and offline system to help our team members not only to sponsor new members but also provide them with training to build their business.
TEAM MASSIVEPASSIVE works under the umbrella of TEAM ABUNDANCE to provide world wide support to our team members. This gives our members global approach to sponsor people in any country where MonaVie is operational. Our team members are confident that once they sponsor overseas their members can plug on to our worldwide system of training and support. The system guarantees their success.
Be a part of our DREAM TEAM
http://www.myteamabundance.com
See the MLMLeadSystemPro System for yourself:
http://www.wealthonlineguru.com
Dedicated to your success,
Praveen Kumar
Online business and lifestyle coach
+64 9 8348585 (GMT+12)
"Believe and it WILL happen. YOU will make it happen!"
The FIRST EVER Fully Branded, Customizable, Lead Generation &
Attraction Marketing System Of Its Kind That Combines Attraction
Marketing, Affiliate Marketing, CashFlow Programs And Traditional MLM
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