I wanted to do this post because some people think it doesn't matter what MLM Company you are a part of to make a residual paycheck! I don't believe that to be the case. Yes you can make money pretty much doing anything, but to earn a stable residual income month after month you have to be in the right MLM Company. I cut this video explaining what I mean by that…
My Take On What An MLM Company Needs
First thing I consider is the Product when it comes to my MLM Company. I recently reviewed a website that ranked all the top 25 MLM Companies of all time based on yearly sales & then on building a Network marketing arm for more then 10 years!
What they found was out of the top 25
0 had a Travel Product
2 had a Technology Product
1 was a Service Product
22 had health and wellness product!
Hmmmm… That tells me what lasts long term and can build you a residual income is a health and wellness product. That's what people want and that's what people pay for monthly!
MLM Company Compensation Plan
This is a big one too! If the company you represent has a great product but you can't make any decent money with it then there really is no point in promoting it! You have to do what is best for you and your family! You can always become passionate about another product that pays better!
Lets talk about the Startup vs Established MLM Company!
If it comes to products that help your business like tools, training or services then it doesn't matter if the product just launched or is a start up.
If you are looking to plant your flag and build a residual income as a Primary MLM Company then you absolutely need to consider not joining a start up! They better have some tremendous owners and track record to even consider it!
Established companies are the way to go for long term wealth but even then some of them can be a little more saturated then others, even though I believe there is always room for a 6 figure income in any established MLM Company!
The best option I think is inbetween. Not a startup but not super old either! Right in the middle is perfect. That way you know they have major expansion opportunities and they are not just getting off the ground floor!
I hope this helps you in your search for the best MLM Company to represent! If you would like to see what we decided was the best fit for us and our family visit: http://RetireWithHobbs.com
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Mike Hobbs
Skype: mikemhobbs
Work With Me – One24
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