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Choosing like from like
Right, so you have a number of network marketing businesses to choose from, all within your investment budget, with products and markets you can deal with confidently. The next step is to check out
- how much is
initial investment? - how long does this cover you for? a year? a month?
- is product a 'pre-sold' consumable? (eg. gas, water, telephone, broadband, electricity)
- do you need to keep stock? if so,
- do you have to pay for your initial stock on top of your initial investment?
- how much space will you need for storage?
- is this a perishable product? if so, how long before you have to throw it away?
- what is company's policy on returns?
- is a website included in package, or do you have to pay extra for this?
In general, holding stock, dealing with deliveries and returns, is a nightmare and best avoided. No matter how wonderful your product, people will change their minds, send things back, and repeat business is not guaranteed.
The best product is what is called a pre-sold consumable; these are products your customer uses regularly, and is billed for monthly or quarterly. So long as your product is well priced and properly supported by company, you will find highest levels of residual income from these products. They have added advantage that you never have to deliver electricity in rain, or pay a refund for unwanted water and then wait for company to reimburse you.
You may think a website is unnecessary. But, really, here you are trying to find an opportunity on net. If you do set up in MLM, you will be trying to recruit others to work in your downline. Don't you think a website would be a good idea? Yes, I know you can set one up for yourself, but unless you are wealthy enough to pay someone, or skilled enough to write your own, it's not going to be a patch on what you would expect. You have to have something that can impress a potential prospect. It should both sell your product and act as an aid to recruitment. In longer term, perhaps you will want to augment your free site with others, but when you first start, a good quality free website is a definite plus.
What about residuals?
You should look at potential residual income with care. The main rule to remember is: avoid 'forced matrices'. If you have a choice between one MLM with a forced matrix and one without, go for one without. The forced matrix restricts your income.
The second rule is: choose matrix (not forced) with highest number of levels. The more levels, higher your residual income will end up. It's a bit hard to explain briefly, so I won't try. All I will say is, you want to be able to go as wide and as deep as you can. In my opinion, best opportunity available in UK and Europe for residual income is Tiscali. This opportunity is expanding all way across Europe, from UK, across Germany and Spain and on via Czech Republic - well, watch this space!
In US, you might want to join IAHBE here.
Finally, let me wish you as much success as you deserve in your new venture.
