You’ve been enticed by a sexy pie chart or picture of smiling people with inhumanely white teeth. Your friend (family member, or salesperson) is obviously very enthusiastic. You like the idea of ‘working from home’ and before you know it you’re keen to sign up to something you probably know very little about.
I deduced from my own NM journey, that the key to any degree of success is gauging your expectations from the moment you sign up…
On the whole, Multi-level or Network Marketing companies can provide you with a tidy residual income (for as long as you remain involved). They sometimes look really bad. Some deserve bad press by virtue of encouraging members to be pushy, over-inflatine the truth, and make glossy promises to the uninformed public. Some don’t deserve bad press at all, but still have abhorrent humans tarnishing the brand’s reputation with their personal class of ridiculousness.
The best, and only advice to sort the shiny from the shit is, ‘if it sounds too good to be true, it probably is’.
My key advice would be to ask yourself the following questions:
- Does this company have an ethos or code of conduct I agree with?
- Do I believe in or use their product or service?
- Am I being asked to pay for joining, and does this joining fee seem justifiable?
- Is the discount you receive worth the joining fee?
- Can I make a profit?
- Am I expected to pay a monthly fee or buy a ‘minimum amount’ (regardless of wether I am selling it or not), in order to stay a member or retain any people I’ve signed up?
- Could this leave me vulnerable in times when I don’t have much trade?
- What do I hope to earn from this?
- Will I exhaust my enthusiasm with pushy sales before I see a profit, or is this a structure I can build on with my skill-set?
- Can I learn, develop my confidence, and see personal growth in this company?
- Will I dedicate myself to a part-time or full time business?
- Am I unrealistic in expecting full-time money if I’m only dedicating myself to working part time?
If you can’t answer any of the above, you may want to start looking for a 9 to 5.
There are some great NMs out there, honestly – I’ve rep’d one for 2 and a half years now and I’ve had success relative to my expectations. I phrase it like that, because I’m not an expert or a millionaire, but I’ve been known to pay the bills! The rewards are completely reflective of the efforts. That is important to me when we’re in an environment where we don’t always earn what we’re worth. Also, I get to work in my pyjamas and on a monday morning that is reward enough.