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. Here I am narrating "Making a Difference" here:
http://www.GlycoStory.com/p.asp?c=251478337445
Educate yourself on the Cash Flow Quadrant on that sitehttp://www.glycobusiness.com/mannalive Very important to distinguish "what is Network Marketing compaired to other ways of earning money.
LLJames
2007-01-14 05:51:40
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answer #1
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answered by Anonymous
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Hey Hy,
Yes many network marketing companies are capable of generating a six figure income for those who put in the effort and millions of people are researching home business ownership every day.
Forget trying to sell vitamins, lotions, potions, diet pills, legal services....well you get the point. After doing some extensive research into the network marketing industry I've found what I believe to be the best of both worlds.
A network marketing and investment opportunity... Can you say, positive cash flow?
What I'm talking about is the Forex (Foreign Currency Exchange) market. Which is a 24 hour market dealing specifically with the buying and selling of foreign currency. A day of Forex trading sees more than $2 trillion in transactions.
The company is called FreedomRocks and it has developed a software system that walks even the novice, step by step, through the whole process of Forex trading. It could be likened to a "Forex Trading for Dummies” sort of program and it does 95% of the work for you.
What FreedomRocks has done is open the Forex trading doorway to the average person, allowing them the opportunity to generate a lucrative income by trading on the Forex and generate a second income stream through a referral program.
Never have I seen a company where you could make money without sharing the product with one single person. But let me tell you once you start seeing the kind of returns monthly that most people see annually you’ll want to start telling everyone!
I don’t like to throw any numbers out there because everybody’s trading experience is different but I’ve been able to triple my portfolio in the past 6 months and establish a nice residual income base from sharing this with other people.
I don’t want my response to seem like a sales ad so if your truly interested in a network marketing company that can create a pathway to financial freedom for you feel free to contact me at my home office.
To Your Success!
-Yo
1-800-670-2683
2007-01-16 18:13:50
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answer #2
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answered by Smart Forex Investor 1
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We are involved with a network marketing company. We joined only 5 weeks ago and previously had never heard anything about it. We saw the "bigger picture" and have already been laughed at by friends. This is what has given us the incentive to make it work. We have introduced 2 people already and have 3 more definates who want to join our company. We have retailed the products with a profit but we wanted to ploug this money back into the business. We had our first bonus which was not too much but our 2nd one has doubled and its not the end of the month yet!! our business is growing incredibaly and by the end of the month we will be on the second level. we aim to get to manager by may/june and this is when the other bonuses and benefits begin. we are in 114 countries so will be expanding abroad shortly.. we have plans to go global!!! lol we have been to several training days and heard many successful stories. The main one is the sheep farmwer who recently picked up a profit share cheque for £425,000. thats not there income thats just a bonus!! they have been in the company 11 years and are the top distributors in the country but that just goes to show that you can be from any background and succed Our company offers excellent training, which has helped us so far to develop our business so quickly. the bonus is having products that actually do something to benefit you! since starting all our family has been buying the products and seen huge benefits. I have never heard of amway, so not sure what they do. if you want more info as i have some good books at home, cant remeber authors email me remember to include email contact!! jan ruhe is excellent though so get anything and evrything by her!!
2016-03-14 05:40:15
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answer #3
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answered by ? 4
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I am in a business that is "network marketing". I know many people who make a great living. I just got started, but I am making about $500-$1000 extra money working very part time, per month. You have to choose a company you believe in. If you want to take a look at the company I am with, let me know and I will send you the link. Just so you know, our company has been around for over 30 years and you will never be left out there to do this business on your own. Let me know!
2007-01-14 05:03:33
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answer #4
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answered by gatorgirl 5
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Yes, we have found success in network marketing. You must find a good company. One that has been around OVER 5years..preferrably 9 years. Then you will know that they have met and surpassed all criteria and guidelines legally. You must be very dedicated and believe in your product. Don't let "the birds" get you. That means all your cheap and tacky friends. They do not really want you to be successful. They dont understand your ability to create generational wealth for yourself. They may have an "employee" mentality. You dont. Go for it. But remember it is SIMPLE...but it may no be easy. It will require HARD WORK and NEVER NEVER QUIT!
2007-01-14 04:42:29
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answer #5
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answered by JZ 1
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We have thousands of success stories including my own - I recommend Forever Living Products - you can do as many or as few hours as you like and typically on 1-2 hours a day you will earn £1200 per month after 5 months and £30-£40k per year after 2-3 years - if you do more hours you should get more.
They are a $2 billion company growing at 25% per year and need a lot more people - no investment required also, regulated by Dti and Office of Fair trading and have investors in people award also.
link is: www.efi-international.com
2007-01-14 06:50:39
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answer #6
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answered by Anonymous
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1
2017-02-19 18:39:39
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answer #7
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answered by ? 4
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Dear friend
yes. a lot of people have won the game in network marketing
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more than 5 decades of experience.
come join us let us march forward
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for details please write to us .we are here to guide you,
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2007-01-14 04:57:07
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answer #8
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answered by shreenilaya 1
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