« MLM Success Tips | OUCH! That's Gotta Hurt! | HomePage | Network Marketing Business | Would You Join This Company? »
11/27/2006
Network Marketing Business | Would You Join This Company?
I was talking to a lady the other day who told me she was looking into starting her own Network Marketing company.
Nothing new here, happens everyday. Someone has a product and the best way to get it to market is through Network Marketing.
I asked her what her product was. She proceeded to tell me it was a device that you attach to your car's engine that converts tap water into a hydrogen fuel. "It saves gas and lowers emissions, it's the most incredible thing ever invented."
A Metoo Product
"Not another gas thing", I thought, but we continued.
I asked her, "Is this a one time MLM product sale? If it is, how are people going to create a residual income? The first item to look for in a Network Marketing Company are products that are consumable, where's the consumable part of that?"
She answered, "Yeah, I'm still trying to figure that out. But it's really not about the money, we are saving Mother Earth. It's all about the Planet."
Red Flag #1
"OK", I thought, "Just what people want to do in MLM, not make money." MLM Red Flag #1.
"I'm curious", I asked, "Don't you need a special convertor for the tap water? I mean you can't just put tap water into a hydrogen cell." (The only reason I knew this by the way, is it just so happened my husband, son and I were talking about Honda and the other big car companies coming out with hydrogen type engines in the near future.)
Red Flag #2
"Oh, no", she replied, "This inventor has made it so you can use actual tap water, nothing special is needed. It's the most incredible thing since the combustible engine!" OK, MLM Red Flag #2.
The REALLY, REALLY BIG Red Flag!
The conversation goes on and I ask her about the EPA. "Surely you've gotten all the testing you need to do to get the claims you making past the EPA." I ask.
There is dead silence on the other end. Uh oh, I'm thinking. So I continue, "You do know that you can't just put a product out there and make a whole bunch of claims before you pass all of the EPA testing.....right? I mean, the government will come and shut you down in a NY minute if you do that. It has happened to a few companies within the past 6 months."
I could hear her catching her breath, "No," she said, "I didn't know that. You mean we can't just set up the company and start offering the product?"
"Well, I guess you could, but you won't last very long."
"Wow, I guess I'd better start looking into that."
I agreed and answered some more questions.
The Most Important Item in Network Marketing
When we got off the phone I kept thinking about everyone in Network Marketing who has joined a company that doesn't have Pillar #1 in place.....Company Management with MLM Experience and Integrity.
If you don't have that, you are already dead before you start.
You are putting your future into the hands of people who either don't know how to run a Network Marketing company so it gets run into the ground. Or, people who know how to take all of your money and leave you high and dry. Either way it has a bad ending.
More tips to be successful in a Network Marketing Business
Have Fun Out There!
Suzanne
www.TheMLMmom.com
813-948-8188....anytime!
TheMLMmom@yahoo.com
10:20 Posted in Network Marketing Business | Permalink | Comments (5) | Email this | Tags: Network Marketing, Network Marketing Company, MLM, MLM Company
Comments
this is the very interesting article about network marketing. and will helps to improve the business for new joiners in MLM.
Posted by: kranthi | 03/03/2007
Thank you Kranthi. That is my sincere hope. When you first get into MLM you don't know what you don't know.
Unfortunately, many times the ending is not good at all. You end up with shut down companies or credit cards that are totally maxed out. Very Sad.
But all of that can be avoided with education and knowing what it takes to be successful in Network Marketing. Most people think it'a all about product and while product is important, it is not the most important thing.
I know that goes against what many people have been taught, but if you struggling and have a GREAT product then it should be easier, right? That pretty much makes my point right there.
It's a Good Life!
Suzanne
www.TheMLMmom.com
Posted by: Suzanne | 03/03/2007
Interesting article.You may also be interested to know that the next Real Player in Network Marketing will prelaunch in March, 2007, and is looking for Founding Distributors. www.PreLaunchMLM.com
Posted by: Lakshmi | 03/16/2007
Thanks for the invite, Lakshmi, but anything "Prelaunch" is not a good idea for anyone!
I won't look at anything until they have at least 2 years under their belt.
But Good Luck, and make sure you read thier Policy and Procedure! Protect Yourself!
Suzanne
Posted by: Suzanne, The MLM Mom | 03/17/2007
Great story it is always wise to check and recheck any business nowadays. The promises seem to come fast and furious in the beginning but once you pay suddenly the support and product customer service begin to erode.
Posted by: Lee | 11/28/2008