ComputerHunter.org |
|
|
|||
|
 |
MLM Business - The 7 Business Factors Test of a Multi -level Marketing Business
So many people ask the same question: Is Multi-level Marketing a REAL Business? Is it truly a business that can produce a living and income? Is it a REAL distribution business? It is a business that operates for the customer's satisfaction, and always looks to gain new customers? Here is the answer: YES. How and why does it qualify as a business? Every business has certain traits and functions that are needed to do business and stay in business. We have developed what we call the "7 Business Factors Test", and you have to ask these questions to see if it qualifies as a business. All businesses, no matter whether it is a traditional business or a non-traditional business, (such as MLM), answer these questions in the affirmative. What are the "7 Business Factors Test" Questions? 1) Does the MLM Business distribute goods and services of some type? Answer: Yes. In MLM, there are goods and services that are distributed through personal distribution methods, and they are distributed directly to the customer, with no middle man. These goods and services can be manufactured by the MLM company, but usually are not. The goods and services many times are manufactured by an outside source, and then shipped by the MLM Business to the customer or distributor. Then the distributor can take the goods, and re-sell them to their customers as well. 2) Does the MLM Business have an official Office, headquarters, or structure that the business is operated out of, and with an address of some type? Answer: Yes. All MLM businesses should have some kind of office or headquarters that the goods are shipped from, or at least in charge of the shipments getting to the customer. This does not have to be a fancy office, but one that can get all the tasks needed to run the business done in a timely fashion. They should have a visible address on all communication. The distributor's business is usually operated out of the home, and that counts as a structure that the home business is housed. 3) Is there an accounting structure that is set up to run the business effectively and legally? Answer: Yes. All MLM businesses should have an accounting function and people set up to handle all business transactions. They not only keep the books for the MLM Business itself, but also the MLM distributor as well. The MLM Business from the home should have some form of an accounting system, for tax purposes, and for profit and loss statements. Accounting also helps keep the Company and distributor aware of the health of the business and how it is doing, or not doing. 4) Does the MLM Business have easy communication to get a hold of someone if needed? Answer: Yes. Communication is the lifeblood of any business, and MLM is no exception. MLM Businesses usually not only have an order line, and a distributor line, but a general public telephone number that the public can get in touch with them as well. Usually at the MLM Business Office, there is someone to answer the phone as well. And the MLM business should also have an email system that is watched, and taken care of, on a daily basis. This is not only for the distributor base, but also the customers and public as well. 5) Does the MLM Business have the needed business licenses and legal structure to do business in the states and countries they operate in? Answer: Yes. All MLM Businesses that have been in business for any amount of time, must have the needed legal structure and licenses to operate in every state. If they do not, they will eventually be forced to cease doing business in that state. And most MLM Businesses have some form of a corporate structure that the company operates under. That could include being a C Corporation, an LLC, or a Sub S Corporation. Even MLM distributor needs a business license to do business in their city, so they will not be penalized if they do not have one and are caught. 6) Does the MLM business operate on a FOR PROFIT basis? Every successful business structure, traditional or non-traditional, should operate on a FOR PROFIT basis. Even the MLM distributor needs to operate on a FOR PROFIT basis. If the MLM business does not operate in a profit mode, and loses money continually, the MLM business will not be in business for that long. It is the same way for the MLM distributor. If the distributor does not make any money, then they will not stay in business long. 7) Does the MLM business perform all of the needed business functions to increase business, including marketing, promotion, campaigns, running specials, advertising tools, customer service, brand extensions, research and development, direct marketing, increasing brand awareness, and keeping their vendors at an honest price? Answer: Yes. Every MLM business operates to increase business, using all of the functions mentioned, and more. Even the MLM distributor needs to perform some of those functions, to increase their own business in their marketplace. These are functions any business needs to do, in order to stay in business, and enlarge it's operating capacity. Yes, an MLM Business is a TRUE business that operates to service the customer's needs, bring products and services to the marketplace, and show a profit at the end of the year. MLM or Multi-level Marketing, has passed the "7 Business Factors Test." If an MLM Business you are considering does not answer all of the above questions YES, then you may want to consider seeking another MLM company that can pass this test as a Multi-level Marketing business. blessings...doug (c) 2005/ all rights reserved PassionFire Intl http://www.passionfire.com Doug Firebaugh is one of the top Network Marketing Trainers in the world. Over a million people a month read his training ezine. He spent the last 7 years traveling the world speaking and training as an MLM Trainer on Success. He lives in Birmingham Michigan, and you can receive aFREE subscription to his training ezine- The MLM Success HEAT- at: http://www.passionfire.com/pf_heat_4.html
Google News - Top Stories
|
|
|
|
RELATED ARTICLES
Are You Looking to Get in on the Ground Floor of the Next Amway? Here Are 7 Things to Look For! Just like a Penny stock market investor wants to Find the Next Microsoft, a Network Marketer wants to be in on the Ground floor of the next Amway. Joining an MLM Company in it's infancy to find that next Amway is just as risky and possibly more Rewarding then those Penny Stock Investors seeking the next Microsoft. MLM Recruiting- The 5 Cs of MLM Recruiting in Network Marketing Man. Earn More and be Financially Free through Network Marketing People have been finding ways to make money to make life easier for them. Money that can help them support their lifestyles and provide for a comfortable, worry-free existence. Different approaches have been mixed with different reactions. While some are willing to take more risk than others, it is these risk takers who usually hit the jackpot. Many businesses have been founded with the pain of many burned attempts to strike it rich. When the internet boomed in the early nineties, everyone wanted to get into the action. Eventually when the hype went down, many investors got dragged along but some made a fortune. While there were some casualties, those that made success made it good because they were willing to try something new. MLM Blunders It's really strange! Too many people start an MLM business with excitement, enthusiasm, anticipation and thrill, only for the reason that they want to be a successful home businessman. There are many people, who right now are not as successful as they would like to be. If your performance in this field is error free and you have adopted a path that has least possibilities of failure so you can do this business in a proper way as well as make lots of money. There are so many mistakes, people make in their network marketing business. We want to explain you some important mistakes people make in their Network Marketing businesses. If you avoid those mistakes in your MLM business, then you can observe that there is a drastic increase in your profit. We are now discussing main blunders people make durig their MLM business. MLM Network Marketing Success Training: MLM Success-The Biggest People Principle in MLM MLM Network Marketing Training -MLM Success- The Biggest People Principle The Deepest Principle of Human Nature is to be appreciated..." --William James Network Marketing Stories Sell: How to Tell Your Story Everyday to an Endless Number of Prospects Network Marketing success is easy when we tell our stories. Anybody can tell a story. Children do it all the time. Facts tell, stories sell. How To Succeed In Network Marketing (Part 2) So, you've found a company that you truly believe in. You've researched it and learned the business plan. Work At Home Mlm Network Tool The workathome mlm network tool can be used to generate cash while working at home. MLM stands for multi-level marketing. A company uses MLM to have participants at home sell products at a discount. In exchange, the participants earn commissions and bonuses. The participants may have to pay a fee to join an MLM network. Listening Your Way to Greatness What you listen for in your conversations with others determines what you will get out of them. All too often, we listen to others in a casual or unfocused way. As a result, we come away with little from the conversation. In fact, we typically find ourselves listening to our own thoughts and internal chatter instead of to the other person. Advice For Selecting A MLM Home Business Opportunity Looking for a MLM home business opportunity to start your own business? Working at home can give the freedom you want and the income that you deserve. By working from home you can be there for your children, cook dinner, and still get in a few hours of work before bed. A work at home business can be very attractive but you must be careful to select one that works for you. Finding Targeted MLM Leads The objective of multi-level marketing (MLM) is to sell the product or service and to encourage the client to become an independent distributor, who then sells the service or product as well. Leads are vital for any business to grow, and in order for the business owner to have the greatest success, the leads must be curious enough in the business opportunity to have expressed an interest. The prospects that have expressed an interest in becoming distributors are known as Targeted MLM Leads. Big Changes In Recruiting Practices For Network Marketers... Three conditions now exist which will change the way we solicit and recruit new MLM downlines forever... Lead Generation: An Overview Multi level marketing is a type of business where a distributor receives commissions on their own sales as well as the sales of people the distributor recruits. Multi level marketing, abbreviated as MLM, is known by a number of names such as referral marketing and network marketing. Trapped and Want Out? Do any or all of these statements sound familiar or resonate with you? The Launch of the Next Wave in Affiliate Programs, Network Marketing, MLM, Direct Sales and Internet For years, industry experts have been predicting that video was the natural progression of the internet and the future of online communications and advertising. Somehow, between all of the tech-garble that engrosses the internet today, online streaming media has crept up upon us and now has the attention of even the most seasoned internet, affiliate marketing and MLM professionals. How To Find Your Perfect MLM Sponsor In 3 Easy Steps - Without Going Completely Insane If you've never had the experience you're very lucky.... Dream Stealers "Honey, I tried to tell you this wouldn't work." Duplicating With the Color of Your MLM-Chute Richard Bolles, created the hugely popular What Color is Your Parachute for millions of job seekers and career changing individuals dissatisfied with their professional lives. Mr. Bolles basically created a book that guides a person to discover what jobs fit their special abilities and attributes. So my question to you is what color is your mlm-chute? To MLM or Not to MLM Whether you want to be your own boss or you want to be handsomely rich, the internet offers great possibilities. Maybe too many! Discover How To Attract The Help You Need To Build Your Network Marketing Positive thinkers dare to believe that the biggest and best men or woman in the world can be attracted to their cause or project. Try for the best man or woman in the world and you can secure his help.
|
|
|
|
|
