One of the most important decisions you will ever have to make in your network marketing career and your journey to financial freedom is the decision of which company to work with. Most often than not, people who choose to start their network marketing career, do not take the time to research the company and end up regretting the decisions that they make.It is VITAL that you do your due diligence in researching every aspect of the company and the business before jumping into anything. There are hundreds of companies who offer false promises, do your research and confirm all the material facts. Due diligence will PROTECT YOU and give you the peace of mind and the confidence you need to succeed.
Public Traded Company
Look for a company that is publicly traded, and one which has demonstrated profits over a substantial amount of years. Review their annual reports and check their financials.
Is the company a member of the Direct Selling Association (DSA)?
DSA protects serves the consumers and independent associates who buy from these companies.
Evaluate the product or service
Is the product/service of high quality? How do the products/services compare with their competitors?Do they make a positive difference to people's lives?Will the product be easy to refer to other people?Does it have a unique selling point? No need to compete on price.Is the product a consumable? If it is, this will mean repeat sales and multiple commissions on one sale.Do the customers and independent associates speak highly about the company, products/services?
Company and Market Growth
How old is the company? Over 60% of companies fail within the first 10 years.Is the company trading in a growing/expanding market?
Company Vision & Mission Statement
What Is The Vision and Mission Statement of the Company?Do your personal values and beliefs align with their mission?
Founder Vision & Mission Statement
What Is The Vision and Mission Statement of the Founder?Does the Founder have integrity and solid beliefs?Does your personal values and Are they driven by money or passion?PASSION + PROFITABILITY = WEALTHHas the founder achieved world wide acclaim or any independent international awards?
Awards & Recognition
Does the company receive independent worldwide recognition and awards for their business model or products/services?
Is The Company's Compensation Plan Fair?
Will the company pay you fairly, based on the amount of effort you invest and the productivity they make in their business?Does the plan give you the opportunity to make multiple streams of income?Does the plan give you the opportunity to earn passive/residual income?Is there a potential for exponential growth? Is the payment plan capped?Will you also get paid for the efforts of your team?Does the company provide teamwork incentives?Are you required to purchase large amounts of inventory to meet quotas? If so, RUN!
Training & Business Tools
Does the company offer personalised training and does it have a clear system which you can follow to help you succeed in the business?Does the company provide you with online business tools and marketing tools to help you grow your business?Is your upline willing to do whatever it takes to ensure that you are successful with your business?
Business Owner/Associate Success Rate
Are new millionaires created every year?Does the company recognise all milestones achieved by each associate?