1. Company track record –
How long has the
company you’re considering representing been in business? What are the
company’s annual sales each year since in business? Does the company
print average income statistics for business builders? It should and you
should ask for them. Proof of long term sales, success and growth is
critical with choosing any business.
2. Financially sound –
Does the company have outstanding debt?
Joining a company that is debt free is something I highly recommend to
lessen any risk to you.
3. Strong management
team –
What are the backgrounds and credentials of the management
team? You want to join a company that is run with integrity and strong
leadership.
4. Unique consumable products –
Are the products of the company,
products that people actually need, use, run out of and repurchase month
after month. Do the products have any trademarks or patents allowing
for exclusive rights meaning no other company can copy them. If the
products are not consumable, meaning something that a person would only
buy once, then that is a business that will not be viable long term. If
the products are consumable, however not necessarily a need, that will
lesson your chance for long term success. Products needed, and consumed
monthly makes for a solid business model.
5. Wide market appeal
-
Are the products something everyone needs
and uses? If the products are specific for a certain gender, age group
or body size for example, you lessen your market as it is not something
for everyone.
6. Competitive prices –
Are the products comparable in price or
less expensive than the competition? If they are too expensive this is
not a business that will produce great results.
7. High customer reorder rate –
Does the company share it’s reorder
rate? Meaning how many customers that purchased from the company last
month, reorder again the following month? If the re-order rate is low,
the business will not be viable as new customers simply replace your old
customers producing no real growth or a secure, residual income.
8. Low initial investment –
If the cost to join or start is too
high it makes for more risk and difficulty in attracting customers and
business partners.
9. Low monthly requirement –
If there is a high monthly
requirement, customers/business builders may end up with an inventory or
products they do not need. If there is a low monthly product
requirement, then customers are getting what they need for personal use
each month, and from a business standpoint you know customers are
purchasing each month which creates the security and true residual income.
10. Rewards for leadership
development –
Does the company reward you for helping others in
your business succeed? If there is any way the company could remove
business builders from your business because of their success, be very
careful about joining. There should never be potential for you to lose
great partners.
11. Risk-free –
Is everything 100% guaranteed? If not, I would
advise against joining.
12. Anyone can be successful –
Is the business plan set up for anyone to be successful at any time? If it’s a company that says “Ground floor” opportunity, or “Get in Now”, be very wary. If only the people who join at the beginning can be successful, then eventually people will get hurt. My advice: Partner with a company where everyone can win with equal opportunity, regardless of when they started.
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