What do people in MLM use to assess the business opportunity financially?
954327
MLM's make 90% of their money through turn-over.  Constantly repeating a cycle of recruiting, training, selling and quitting.\n\nMost people will join, sell what they can to friends and family, then quit.  \n\nIt's only an opportunity for those willing to recruit and train.  Problem is, once you realize you are selling overpriced crap to your friends and family, most people won't be able to recruit anyone if they don't believe in the product they are selling.\n\nBottom line, MLM's are tough for most people to make any real money at, unless you stick through it long enough to recruit lots of people below you, where you make money on their sales.  \n\nAnd of course no one wants to show you their books or really look at hard figures, because it's all pie in the sky.
285268
How are you at guessing?  You have to take in account the overall current market for the product or service you are trying to sell.  You have to take in account your ability to provide product.  You must take in account the minimum you must sell to support your business plan.  So pick a number that is reasonable to expect based on your products advantages over the competition, your ability to sell these advantages, your ability to deliver the product and whose sale numbers will support the business plan.
232598
You usually have to invest, then they have you start a web site in your own name as your business. You have to make sure you cover all taxes at the end of the year yourself out of all your sales. You have to expect someone may have an allergy to the product and seen as you are the owner of the business you are then liable. you have to recruit other people to work under you and keep up a certain quota in order to start making money. etc,etc, I didn't like it. You can devote yourself and your time to it but if the people you recruit don't follow through you find yourself back at the bottom again and just the fat cat fills the pockets.
1098322
all scams; a true business requires risk to be taken; if there are opportunities out there to make money without risk, then everyone would be doing it. But they're not.\n\nSo why bother?\n\nMy Idea: think of a unique business initiative and check some books out from the library, study, and build your business from the ground. It's not always successful, but any opportunity that guarantees 100% success rate is a scam.
268758
The simplest way to answer this is to see a need and fill it. \nThere are many different kinds of businesses out there \n( Large Corporations, small businesses, Franchises etc.). If you want to start your own, my suggestion is to take a Entrepreneur class at a local community college. It is not necessary but it will give you a good overall view of what may be ahead and answer alot of questions. \n\n1. have an idea on paper, write it all out, think it all the way thru, is it a service or a product? Will you make it yourself? resale? Who is your competition? and so on.\n\n2.Write down who your customers will be and why they will go to you rather than someone else.\n\n3.Do research on the area you think will be good to market in or set up shop. (surveys, cold calling, demographics,etc)\n\n4.If there is someone who is doing what you would like to, call and ask them politely if they would spend an hour or so to help you with your research. Come prepared with a good list of questions and be ready to do most of the listening. (AND MAKE SURE THEY ARE AT LEAST 40 MILES AWAY FROM WHERE YOU ARE THINKING OF LOCATING AS TO NOT COME ACROSS AS THEIR COMPETITION)\n\n5. The most important thing to remember is ** LOCATION **. As it is the second reason businesses fail. (the #1 reason they fail is poor money management)\n\n6. You will need to apply for a business license and place an newspaper ad with a ficticious business name. It is also a good idea to become incorporated, the tax benefits are well worth it.\n\n7. Make sure you weigh the pros and cons of being a business owner and that is it something you really want to do.\n\nAs for the best business is concerned, it should be one you have a passion for.
347705
I'm not sure about quest international personally... but before joining any opportunity you should ask yourself about the opportunity.\n\nIs there an actual product? (or are you just pushing the membership and training information)\n\nIf yes, can the product stand on it's own? (If the business opportunity weren't attached, would you still purchase the product(s)?)\n\nAre they competatively priced? (Is the product worth the cost? Often times mlm's offer products that are more expensive because of the compensation plan connected to the business)\n\nIs there a need for the product? (Will people purchase it one time or repetitively... what is the potential for sales?)\n\nWhat type of training or support is available? (Are you gonna have to "figure it out" on your own? Many times once you've enrolled your upline is on to the next prospect...Will they be there to help you reach your goals?)\n\nDoes the company actually manufacture the products or are they reselling some other companies products? (Are they lisenced to do so?)\n\nWhat type of information is available to you to promote this product?  (Is the information credible?)\n\nDo the products stand up to the claims? (Patented, approved, tested?)\n\nWhat happens if you decide "this is not for you"? (will you be stuck with a garage full of product, or can you return them?)\n\nWhat about the cost of getting started? (Will the company refund your money if you can't do what is required to make money?)\n\nHave other people actually made money with the opportunity? (Are you able to speak with others who are working the business?  Are they credible?)\n\nPersonally I work with an Inc 500 Company with excellent credentials that can respond to all of these questions, POSITIVELY!.  If you would like more information on how I have been able to suppliment my income from home you can contact me through my Yahoo 360 page.  NO... this is NOT get rich quick scheme... it is a very reputable company that has shown increases in all of it's 20 years.  They offer documented information on their products AND their business builders.
494846
Yeah, without knowing the product, there's not much one can offer for specific wording that will be helpful...  but there are several basic techniques that work for most situations.  I can tell you from experience what has worked best on AND FOR me!  :) .....\n\nFrom the start, be upbeat and enthusiastic about your company/product/service.  You can sell the hell outta anything you believe in.  If you don't believe in it, you won't have the same energy about it and neither will your customer.\n\nTalk about the wonders, versatility, features, convenience, usefulness, and neat little details of your product: works without fail!  saves time/work/money!  fits anywhere!  has it's own storage compartment!  comes in 6 popular colors!  comes with this or that little freebie!  performs 12 different household tasks and simultaneously makes the morning coffee too! LOL\n\nMake upbeat, polite conversation with them, and listen for any clues to ways that your product/service would fit into their life - kids, work, hobbies, busy life, student, new home owner, space concerns, etc.  If while you're chatting, they say anything that sounds like they are interested, like "Really?  Hmm, that sounds handy/cool/nice/useful/perfect..." or something else that sounds like you've got their attention, follow that line of conversation.\n\nIf they sound positive, agree with whatever they're saying!  If they have negative feedback, perhaps even with your company/product/service, say something to empathize, like "Wow, I'm sorry that happened..." then lead into suggestions of how you/your company/your product will serve to overcome that situation.\n\nWhen it sounds like you're convincing them that you're product/service is something they *might* want, close the sale by mentioning any "buy now" kinda benefits: sale going on, payment plan, deferred payments/interest, money-back guarantee, etc...\n\nSMILE while you're talking to them!  Studies show that your entire demeanor and tone change if you're not smiling, and WILL affect the customer's response to you.\n\nGood luck, and happy selling!  :)
602211
In a survey performed by Microsoft bCentral, internet sales and marketing was listed at the #1 home based business. Its ranking was based on high ease of entry, relatively low cost, high future demand and potentially high return.\n\nWhat should you look for in an "ideal" internet business? \n\n- No or minimal start-up fees (Our business start-up is $29.00)\n- A product or service you feel good about  (Consumable products used in every home… safer, more effective, less expensive, things people use and need on a daily basis)\n- A duplicable system (work FOR yourself- NOT BY yourself… we are a TEAM of individuals working to help others… “Enhancing the lives of those we touch by helping others reach their goals from Home!!!”\n- Residual income (Residual Income PLUS bonuses for helping others!!!)\n- Customizable web sites to promote your business  (Free website for ALL Members)\n- Free training and support  (Free Company and TEAM Training… we will work with you to reach YOUR GOALS!!!)\n- Free marketing materials and ideas (Our support team has 70 members who are there to help you every step of the way… Training and support from people who have been there and done that.  Training provided via email, internet, or telephone)\n- Company in business at least 18 months and in good standing with the Better Business Bureau (Inc 500 Company in business for over 20 years with over 700 Million in annual sales. As for the Better Business Bureau: “The Eastern Idaho and Western Wyoming division of the Better Business \nBureau recently presented Our Company AND CEO with its 2005 "Hall of Fame" award. This prestigious award honored Our Company for its example of ethics and integrity in \ndealings with customers, employees, and the community. We have received many other Prestigious Awards.)\n\nFor more information on how I AM replacing my income from home... (Not get rich quick scheme...my OWN legit BUSINESS) contact me through yahoo 360 or IM.\n\nMy websites: http://learn2.momsmakemore.com or http://learn2.ownanewbusiness.com
195971
From the article "Evaluating Business Ideas and Products" http://www.powerhomebiz.com/vol13/evaluateideas.htm here are 12 questions to ask to help you identify a winning business idea:\n\n1. Does it satisfy or create a market need?\n2. Will the product maintain market appeal?\n3. How unique is your product?\n4. How useful is your product? \n5. How much competition exists?\n6. Have you priced your product competitively? \n7. What is the level of difficulty in the creation or implementation of the product?\n8. What are the growth possibilities?\n9. Can I get backend sales?\n10. Is the product safe?\n11. Can my product be promoted with strong advertising copy? \n12. Will you be left with an inventory?
998362
depends on where about you setup - add up rent, rates, taxes, etc then look at the area - can they afford the prices - then workout the minimum you need to survive - do market research to see how much you'll sell..  it goes from there - but roi is usually high.
70146
There are tons of VC groups, most of them are regional, so look there first.  Generally speaking, they look for certain types of business markets and have very specific criteria regarding what they're looking for.  Typically, they have an open submission policy for business plans, limit junk and recoup the expense of sifting through tons of plans by charging a nominal fee (typically around $100) and do not sign NDA's (don't worry about them stealing your idea though... even if they did, you wouldn't be able to nail them on it and besides, you don't want to seem paranoid).  It is very difficult to get VC funding without a substantial amount prep work and you'll probably need substantial money from family and friends first before you'll be put together enough to raise institutional dough.  I had to raise $70k from family and friends myself.
240348
Do Multi Level Marketing, also known as Networking.\n\nIt has many advantages:\n1.Very simple\n2.Minimum investment\n3.Great financial benefit\n4.Home base business\n5.Flexible hour\n\nMany young millionaires are coming from this industry, and many more to come. You can be next.\n\nWhen joining networking business, you will need to be cautious though, as many so called MLM company do not have a clear vision. The things you will need to study before joining are:\n\n1.The company, does it have a good track record?\n2.The products, does it have long term demand?\n3.The team, or support system. Does it have a very solid support system? I.e: Books, tapes, functions, training programs etc.\n\nIf you need further informations, please contact me. \nI can guide you step by step towards success!\nGood luck.
873617
Don't waste your time.  The only way to get money is to earn it.\nIgnore the other idiots who are trying to get you to join their MLM scams too.  Flag these people!
1144509
The Top? I guess it depends on who is answering, everybody thinks their MLM is the best.\n\nI am apart of Arbonne ( http://www.gleamingskin.myarbonne.com ) I chose Arbonne for many reasons. Especially that they are a member of the Direct Selling Association ( http://www.dsa.org ) That's just one of the many reasons. \n\nIf you are looking to join an MLM, ask lots of questions before signing the dotted line. They should not require "large" investment, that is usually the sign for a pyramid (which gives MLM a bad name). This is another site that I run http://www.ratraceclub.com  Many of the people that are into the "Rich Dad" series are apart of MLM. Listen to the recording that is on the main page, it explains why MLM / Network marketing is so great. \n\nThere are a ton of resources out there on the net. Just be aware of the ones that claim to give you "free" e-books and such on getting started in MLM, because they will HOUND you on the phone / email\n\nbest of luck,\nAngela
1074529
Mortgage brokers can work with employees or as the sole originator of the business.  My mom has about 15 employees, from administrators to sales assistants.  Annually the income the past few years was between 2-3  million a year.  That was the business revenue.  However the business requires offices ( 3 at one time), technical support, cable. servers, phones, equipment, suplies, postal items, alarms, service providers, state and local licensing fees, insurance, and probably 100 more expenses.    Taking that into account and the largest expense of all was a leads contract with internet companies costing over $20,000 a month.  But if you spend $20,000 and make $200,000 you have invested money to earn money.   Final incoming & outgoing expenses left about 1.5 million that was then subject to taxes. That 1.5 million was her share and the business generated more around 6 million.  It takes more work, just overseeing the business then it does selling loans.  \n The recent decline of business, made her decide to consolidate into 1 bussiness suite that still costs about $15,000 to operate and the support staff salaries are still quite high.  If you want to bring in the exrta revenue and maximize your earning potential you have to spend the money to make money.  If you provide a good envioronment to let people work, they will still always want the biggest comission split possible.  They like the executive office environment but wont like paying for it.  \n\nThe key to business success is spending money to make money.  Walmart and Nordstrom shoppers are similar to loan shoppers.  They will pay for quality or they will shop for a discount.  No one will be happy if you do not disclose reasonable estimated fees.
1087395
First you have to think of your target market and then tailor your commercial to them.\n\nDecide if you are going for a product differentiation strategy or a least cost strategy.  Are you the best priced item or is your item superior to other items like this because it has some bells and whistles, is selected by more doctors (or some other profession), etc.\n\nWrite a 30 to 60 second spot that incites people to go out buy your product.  Unless it is an infomercial, then you have to think of some kind of demonstration, over acting excited sales reps, and bonuses if you call now whether it is getting it for a lower price or having extra items thrown in for "acting now".
68113
Not as much as they make it out to be. Be Very Very Careful. MLM's are nice but mostly for those already at the top. They can get you hyped pretty good,but that's the party image and the dream that they sell.\n I personally saw a very good friend get into this while they were running a motel business, which though would not make them rich, was doing well. Anyhow once they started with Amway within one year they had lost their motel. They expected them to buy all their goods and they just ran them right into the ground.