Is Your Company A 5 Pillar Company? Part 5

Does your mentor have a system that will work for you?

The team you join must have a system in place that will work for everyone who uses it. (Must be easily duplicateable!)

There must be complete resources available; books, videos and audios explaining the system.

The system should be designed to Teach The System!

Remember, you want to build your business, Not baby-sit it.

You must take full responsibility for learning the Skill Set. Your mentor can't do that for you.

An 'open' system will allow you to go upline for clarification and advice.

If you don't see the system working for you right away, don't try to reinvent the wheel.

As in everything we do in life there is a learning curve. Plug in and be patient.

Personal development should have a big emphasis in the system. This is a relationship business, the more you know about

yourself, the better you'll relate to your clients and customers.

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To your success!

Is Your Company A 5 Pillar Company? Part 4

Does the compensation plan pay part-time people?

95% of networkers are part-time people.

Make sure that people can make a decent income working a few hours per week.

Beware of companies that advertise how many millionaires they have created.

Make sure it's not at the expense of those "at the bottom". Everyone should be able to benefit.

Take the Comp Plan Test - Ask yourself this question:

"How many people do I need on my Team to earn a recurring income check of $500 per month?"

• There are companies out there that require as many as 500 and as few as 20.

• It's not unusual to see well-established companies that require 150 to 350 people and
they are still able attract new distributors - Amazing! They must be sold on the product!

• If your upline won't or can't answer this basic question, You should Run.

If you are making only 5% to 8% commissions on product, You are being extremely underpaid.

If a company stresses "Recruit, Recruit, Recruit!", You should "Run, Run, Run!"

The purpose of any business is moving product from the company to the end-consumer.

The majority of your commissions MUST come from product sales; otherwise, it is a SCAM.

And if you work a plan that Does Not pay on product volume, somewhere in the process You will lose money!

More important: You will lose Credibility Too!

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Is Your Company A 5 Pillar Company? Part 3

The third Pillar to look for in a company is the product. All MLM companies have a good product,

or else they wouldn't be in business. But there are others available that are just as good!

The product should be competitively priced.

If the product has both Retail and Wholesale price, STAY AWAY! Most people will only join your team to get the wholesale price discount. They won't build the business!

Here are some BIG RED FLAGS:

If the product would not sell without the business opportunity attached to it, it is

ILLEGAL!

If you can't pay with a credit card, and MUST pay buy cash or money order, it is ILLEGAL!

If the distributors collect the money while the company stays at arms length, it is

ILLEGAL!

If you MUST have a Retail Merchant account the company is SCAMMING YOU!

When you begin to justify your product to someone, you become a salesperson.

A word of CAUTION: Network Marking is a RELATIONSHIP business, not a SALES business.

Is Your Company A 5 Pillar Company? Part 2

Has the company passed the "early failure" Time Line?? Are the companies products Products timed with the beginning of a massive trend in consumer demand??


Beware of "ground floor opportunities" and start-up companies. There should be no rush to get in on the "ground floor".

Ninety-nine percent of companies don't last two years. If a company is good today, it will be great tomorrow.

MOST people don't make money in the first two years while the company is dealing with start-up issues. And note I said MOST people, not the Heavy Hitters.

Profit comes after two years, join then.

Avoid the companies that have gone on beyond their "momentum phase" and have become household names. The realistic potential for big growth is gone.

DO NOT join a company with a product that has no profit margin! ie: a Long Distance Service or a Vinyl Record Company.

Think like a boomer, (there is two groups of these now) what are they looking for... NOW??

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Is Your Company A 5 Pillar Company? Part 1

The first Pillar is Company Management with Experience and Integrity.

Get to know WHO they are, and WHAT their backgrounds are:

Search Google for the owners of the company.

Do the owners have Integrity?

Add the word ’Scam’ to your search.

Do the owners have a Corporate background or an in-the-field Network Marketing background?

Read your "Policies & Procedures" and "Terms & Conditions"; both are part of your Legal Contract.

Look for the word "Ongoing".

Look for policies that strike you as "Unreasonable".
Like "Termination, with or without cause".

Ask yourself "Does this contract protect me or the company?"

"Is it clear which way it leans?"

Does the company charge you for training or a company web site?

Does the company charge you for each paycheck they send you?

These are the people who will be signing your checks. You are depending on these people to lead the company that will help you "Own Your Life". You are depending on them to have a solid business that you can build to pay your childrens’ children.

Are they dependable??

RULES OF THUMB:

The longer the contract, the greater the possibility that the policies important to you are being hidden in "Legalese"!

If it’s a "Cash Only" business...It’s a Scam!

If you can buy a position at the top...It’s a Scam!

If you are offered a "Special Deal"...the playing field isn’t level for all.

If the products are sold on eBay at a greatly reduced price...Buy there instead. If a company is publicly traded, Financial Decisions Will be made in Favor of the Stockholders at the Expense of the Distributors.

You want to protect yourself and the business you are building. You are putting a lot of yourself into your business. Get the facts. If you need a lawyer to read the company Policies, it’s probably not the company for you.

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5 Pillars of Success