How Important Is the Product When Choosing an MLM Company?
Have you ever wondered "How important is the product when choosing an MLM company"? Most people do not even consider the product when they choose an opportunity.
All they see is the income potential as their main driving force.
The truth to it all is that the product is the most important element of any business let alone an MLM.
With the numerous amounts of business opportunities out there that do in fact offer great products, these products are either not in high demand or cannot be used by the majority of the population.
You will want to find a company that offers the highest demand product that anyone can use and that you can profit from.
Some MLM companies state that they have the number 1 niche in their market.
That may be true but what are the actual sales volumes of these products? If the volume is high and there are thousands upon thousands of distributors, your chances of making a high income are slim unless you want to work an ungodly amount of time marketing.
You should choose an opportunity that has products that basically sell themselves.
What I mean by this is that the products will do all the explaining and show their performance.
All you need to do is market the product or opportunity to get it in front of other people's eyes and allow them to make an informed decision.
Another important aspect of the product is the profit margin.
You will want to choose a company that has the highest product profit margin.
These margins should not be any less than 35% on all products and services.
The ideal profit margin is 40%-50% and these margins will only be offered by those companies that put their members first.
What if your company offers these high profit margins but your commissions are very small per product? In order for you to make any sizeable income you will have to sell thousands of products per month or pay cycle which eventually costs you your time and efforts.
I suggest that you stop what you are doing and search for ahome based business opportunity that has commissions that pay you 3 and 4 digits (before the zeros).
The companies that do this generally have the highest payouts and the industry top income earners.
These individuals are generating multiple 5 figure incomes per month and high 6 figure incomes per year.
The best thing about all this is the fact that they have to sell fewer products which allow more time for marketing.
These individuals usually are only "working" 4 to 5 hours per day.
As you can clearly see, the product is one of the most important aspects to consider when looking at an MLM.
Companies that offer the high end products with the highest profit margins ultimately mean that you will put more money in your pocket, be able to spend more time with your family and have the lifestyle that you want.
All they see is the income potential as their main driving force.
The truth to it all is that the product is the most important element of any business let alone an MLM.
With the numerous amounts of business opportunities out there that do in fact offer great products, these products are either not in high demand or cannot be used by the majority of the population.
You will want to find a company that offers the highest demand product that anyone can use and that you can profit from.
Some MLM companies state that they have the number 1 niche in their market.
That may be true but what are the actual sales volumes of these products? If the volume is high and there are thousands upon thousands of distributors, your chances of making a high income are slim unless you want to work an ungodly amount of time marketing.
You should choose an opportunity that has products that basically sell themselves.
What I mean by this is that the products will do all the explaining and show their performance.
All you need to do is market the product or opportunity to get it in front of other people's eyes and allow them to make an informed decision.
Another important aspect of the product is the profit margin.
You will want to choose a company that has the highest product profit margin.
These margins should not be any less than 35% on all products and services.
The ideal profit margin is 40%-50% and these margins will only be offered by those companies that put their members first.
What if your company offers these high profit margins but your commissions are very small per product? In order for you to make any sizeable income you will have to sell thousands of products per month or pay cycle which eventually costs you your time and efforts.
I suggest that you stop what you are doing and search for ahome based business opportunity that has commissions that pay you 3 and 4 digits (before the zeros).
The companies that do this generally have the highest payouts and the industry top income earners.
These individuals are generating multiple 5 figure incomes per month and high 6 figure incomes per year.
The best thing about all this is the fact that they have to sell fewer products which allow more time for marketing.
These individuals usually are only "working" 4 to 5 hours per day.
As you can clearly see, the product is one of the most important aspects to consider when looking at an MLM.
Companies that offer the high end products with the highest profit margins ultimately mean that you will put more money in your pocket, be able to spend more time with your family and have the lifestyle that you want.
Source...