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Network Marketing Tips: 7 Must Ask Questions
There are boat loads of home based business franchise opportunities on line today, many of them seem like they could be good deals. But what should you really be looking at? They all seem to say they have 'the best comp plan in the industry'. How can they all have the best one? Many have celebrity endorsements. Most have incredible products. One of the best network marketing tips I have received are these 7 home based business franchise review questions are crucial, and the answers can vary greatly. One thing to remember is to never succumb to aggressive marketing tactics or 'limiters'. If the opportunity is really as great as it claims to be, it will definitely be there tomorrow, otherwise what's the point?
1. Does the company have unique products which are actually in high demand in the market?
Heard of any good nutritional supplements lately? How about energy drinks? The truth is there are tons of supplements and vitamins out there, conquering the market already. If you are going to choose to represent one of these companies ask yourself this:
'Does the world really need another vitamin or supplement?'. In my opinion...not so much. The products that are out there rock, and it is a heavily saturated and competitive market. Look for a unique product that is very difficult to mimic, copy, or quickly rip-off. Be careful here, ask another question:
'If there was no business opportunity strapped to this product, would I even buy it?'. If you cannot honestly say that you would then it's likely your product will have a very short-lived lifespan indeed, because it won't have a market.
2. Does it have a lucrative compensation plan?
Comp plans can be complex, simple, or a little of both but they essentially boil down to one of three types. They either have strong up front commissions with tiny residuals, laughable up front commissions with strong residuals, or balanced between the two. Ideally, you want HUGE up front commissions with incredible residual income potential. If your like most people, you'll want to replace your income and fire your boss. How can you build momentum and keep going with little $100 checks every month? Massive up front commissions will breath life into your business and keep you going while you build your long-term passive income.
Find products that give you about 50% of the retail price or more and are priced over $1000. Otherwise look forward to attempting to recruit thousands of distributors before you can ever leave your job behind.
3. Does the potential opportunity use a proper marketing system?
Unless you're already a skilled Internet marketer, the answer to this question could very well be a deal breaker. If the business you are analyzing uses hotel meetings, and seeks friends and family as its main form of marketing then I would question how you will promote it once your warm market runs out (which can be very quickly indeed). If the business doesn't have an awesome on line marketing arm, how will you ever survive marketing against the Internet? There are currently 1.4 billion people using the Internet, why would you leave that market out of your strategy?
Be sure to find out how duplicatable the system is and whether it's automated. You want to make money while you eat, sleep, and are on vacation...don't you? If your potential opportunity's entire marketing system is 'word of mouth' and live presentations only, how will you accomplish true freedom?
Look for unique products which are in demand, a generous and effective comp plan, and a stellar marketing system which is duplicatable and current with today's Internet marketing technologies. Most home based business franchise opportunities can and will work so long as you are the right person and take the required action to get your desired results, but if you could make ten times the money in a fraction of the time with much less effort and stress, why not? To continue these network marketing tips, please see part two of this article.
Garfield Herriot works happily from home every day, with no boss anywhere to be seen. He works and lives in beautiful BC, Canada. His business is automated to make money while he eats, sleeps, and is on vacation!
To analyze his top recommendation for a home based business franchise simply visit: http://www.GarfieldHerriot.biz
or grab your totally FREE video series here: http://www.GarfieldHerriot.net/free
copyright 2009, StepByStepAbundance
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