Is Network Marketing too Good to Be True?

Network marketing can be lucrative, but only a small percentage of people dedicate the time to make serious money. Often referred to as multilevel marketing (MLM) or direct marketing, the idea of making money without any special skills or major investment with immediacy is appealing. And the promise of residual income fuels the desire to never wind up in your current financial position again if you’ve found yourself in a somewhat tough spot.

Some highly reputable companies have been built on this marketing and distribution structure: Avon, Mary Kay, My Daily Choice, Pampered Chef, HempWorx and many more. But you may be asking yourself questions like, “Do I really want to pitch this to all my friends?” “Can I actually make money at it?” and “How do I know it’s not a scam?”

If you’re considering multilevel marketing (MLM), consumer direct marketing (CDM), or a network marketing opportunity, ask these six questions to determine whether any of them are worth your time, effort, and money.

 

Who Is Your Upline? ​

Take a look at the folks who would support you. Ask yourself questions about the person who introduced you to the opportunity and whether you can trust what they tell you. Make sure to ask if they are willing to divulge exactly how much they’ve been making. Probe into the founders of the company, assuming it’s a newer company. Research whether they have been successful and reputable in their previous businesses. Investigate your entire upline just like you would a business partner you’ve never met before.

 

What Is the Product? ​

Determine if it’s something that would sell well in a retail store or via other traditional marketing and distribution channels. Examine the competition. You also have to consider how convincing you are going to have to be in order to sign up customers. If you’re not an experienced salesperson, don’t expect to become one overnight. You’re going to have to become an evangelist for the product, so make sure you believe in it.

 

When Will You Start Actually Making Money? ​

Don’t fall for the line that it takes months or even years to show a profit. You should be able to recoup any investment and start earning income within just a few weeks if there’s a real demand for the product. Making a living at it is another story. You need to be able to work part-time in addition to other steadier income sources. Assess whether or not you truly will be able to make money with this company.

 

Where Is the Product Being Promoted and Where Can You Promote It? ​

Determine if the company is handling advertising and publicity on its own to help create demand for the product. Find out what restrictions are there on where and how you can promote it, such as advertising and websites. There’s not a right or wrong answer to that question. A wide-open policy is more flexible for you, and for everyone else, too. If you’re prepared to be highly competitive, that’s fine, but if not, you may prefer to work with a company whose policy is more restrictive.

 

How Were You Recruited? ​

Think back to when you were recruited and consider if it was primarily as a customer, with just a mention of “income opportunity,” or if the primary pitch was for the business opportunity. The ethical way to build a downline is to sign up people as customers first, and then if they like the product, they’ll be drawn to becoming a rep. A hard sell on signing up as a rep right at the outset should send up a red flag for you.

 

What is your Why for Doing This? ​

This is perhaps the most important question of all. If you’re doing it because you think it’s going to help you get out of a cash crunch, forget it. If you’re doing it because you think you’re going to be rich in a year, well, it’s fine to have a vision but don’t bank on it. On the other hand, if you really believe in the product, that gives you the best likelihood of success with it.

 

Many people have made a lot of money in network marketing, but ​many more have ended up wasting a great deal of time and money chasing a pipe dream. Ensure your success by researching carefully that you’re seizing the right opportunity in the first place, and have reasonable expectations up front.

Making the switch to Fiber Internet

A few years ago the thought of having fiber based internet was only for the few businesses out there that were in a lucky location. Now Fiber internet is almost everywhere and that’s great for business. You can now ready speeds up to 1G to support your business. The speeds on fiber come in a lot of options based on Upload and Download speeds (AKA: Egress and Ingress). Lets look more at what this means.

Internet comes in several flavors. First is a BROADBAND solution.

Broadband is a internet service that usually has a higher download speed and a slow upload speed. It is also designed as an UP TO Speed offer which means is might not reach or could fluctuate speeds within the speed range you subscribe. This type of service also does not include a Service Level Agreement which means if the service goes down or has issues you could wait several hours or days for it to be fixed. These solutions are great for low cost quick to install small office applications that could still function or conduct business even if service is interrupted. Another great feature with this service is that you can usually subscribe to voice service (Voice over IP) which can provide a substantial decrease in cost as most traditional analog voice lines are billing at $120.00 per line. Voice on Broadband is usually limited to 6 lines so if you need more you will need to look at a higher lever of service.

The next step up from Broadband is Dedicated Internet Service. This service usually begins at 10MB and goes up to 1G. Speeds above 1G are available but require special requests and can take some time to order and install. The Dedicated Internet service includes a Service Level Agreement which guarantees your speed and service availability. Depending on the provider it could include restore times along with Latency, Jitter, throughput and so on with the SLA. Don’t expect Broadband prices here.. This service is for businesses that need reliability and uptime so plan to pay more. Entry level for 10MB Fiber today runs on average of $500.00 per month with little to no installation fee. Voice is an easy add on to Dedicated Internet. Voice is delivered as VOIP and can come in many options (Hosted or Dedicated) where is can even support older phone systems up to the latest IP PBX. The number of lines is almost unlimited but starts at 6 and can go to several hundred as needed.

So, what solution is right for your business? Great question and certainly something we can help answer for you. As experts in the business we can design the right solution at the best price. Email or call us today for a free consultation and proposal.

Neci Consulting

Think you have a solid corporate brand? What happens when your company is hacked due to a security breach? Will your brand survive and can you survive the financial strain it will cause your business?

If the security question is not top of mind for business owners and C-Level Executives it should be. We have seen the fallout of some of the top US brands suffer millions of dollars in losses due to security breach’s.  No company is off limits for these hackers. Your data, customer and employee records have value and hackers know that they have a treasure trove of limitless potential because companies are not taking the steps to safeguard themselves. Neci Consulting can help. Our consultative approach works with you to review current safeguards and establish a multilayer approach to safeguard your operation where your not protected today. Don’t allow yourself to be the next victim. Protect your Brand by leveraging Neci Consulting today.