Are you struggling to make both ends meet? Do you aspire to earn extra income or possibly start a new business, but don’t have enough capital? Well, have you considered joining the other individuals who have ventured into direct selling and gained financial freedom? If your answer is a big “Yes”, then take time reading this topic as we give you an informative insight about what direct selling is all about and help you find the best direct selling company using these 5 main components to be discussed below.
What is Direct Selling?
Most of us unknowingly have in one way or another been consumers of direct selling companies. If you don’t know how this industry operates before you engage yourself to this promising career, for your general information, direct selling is a type of business wherein it gives interested individuals to start their own business through the help of a retail location based company with low overhead cost. It is a distribution method where the direct seller can market the product directly to the potential buyer. The whole flow of operation can be a direct contact with a consumer, either one-on-one, as groups or through online transaction which is the trend nowadays.
Now, that you have a clearer picture on direct selling and how it works, here are the 5 main components that you could use as guidelines when choosing the best direct selling company:
This is one of the vital components to look into when joining a direct selling firm. Know exactly what draws a prospective client to a certain product and from there you could already arrive to a wise decision which among the direct selling companies available you would like to focus like accessories, clothing, cosmetics, household items, jewelries and a lot more. Conduct surveys from family members, friends, relatives and even colleagues from work what are their interests, needs or wants. Ask yourself as well if that potential direct selling company offers you a product, would you buy it or not. Learn about the products included by the direct selling company. Evaluate if by signing-up for them will pose greater returns on your part. You could do that by trying their product samples to see how competitive their products are, checking their brochures or product catalog and lastly become their consumer.
2. Brand’s Competitiveness
Choosing the right direct selling company can be tough, especially if you are new in this kind of business. Most likely, you will only need to select from these two types of direct selling firms, one that has been in the direct sales market for a long time—the big companies and the second is the start-up direct selling firm. Take note of their individual offers related to benefits being given like if they have a flexible commission or compensation base plan. One of the wonderful advantages of joining a big direct selling corporation is that the company’s product collections have already established their brand’s competitiveness, so by just seeing their logo or business name attached to their products, any potential consumer would not think twice in availing one. On the other hand, signing-up for a newbie company requires a lot of hard work to push the unknown product in order to make a sale. This can be quite challenging, but if you want to earn your way to success, then, you can consider a new company where they can see your potentials and probably give you more room for career advancement like being promoted to managerial positions. Overall, assess both the positive and negative aspects before joining a direct selling company and make a decision where you could grow more with lesser risk.
3. Signing-up Fees and other Investments
Before you finalize your membership, be completely informed what are their initial cash requirements that you need to comply? Do they ask for annual membership fees, starter pack kit and other cash output? Most of these reliable direct selling companies who are registered members of the DSA (Direct Selling Association) only charge newly signed members with minimal fees. Be aware of those companies asking for huge amount of money with no real products to sell for they are just working under the pyramid scheme. Feel free to ask a complete list of the required fees that you need to pay.
4. Required Monthly Sales or Quota
Ask your potential direct selling company about their required monthly minimums. Is there a mandatory ruling that you have to meet a certain percentage of monthly sales volume for you to get a commission? What about their buy-back options in case you still have a huge inventory of unsold goods? A thorough knowledge on their existing rules on areas related to monthly sales or quota and what is required from you would give you more chance to manage your inventory volume effectively without compelling you to avail their buy-back options.
5. Compensation Package
Keep in mind that all direct selling companies have their own sets of rules governing their compensation plan. Don’t hesitate to clarify issues that may affect your sales commission rates and verify their mode of payments. Check if they provide performance incentives for every new recruits you bring or meeting the monthly sales quota. Having a clearer breakdown of your possible earnings will give you a rough estimate whether joining their company will bring satisfying financial rewards or not.
Lastly, before finalizing your decision among your potential candidates for the best direct selling company, remember as well to stay vigilant from bogus firms to prevent yourself from being scammed. Here are some few reminders to look into:
- Avoid joining direct selling companies with expensive membership fees or requiring you to buy more stocks before being considered as a new member.
- Verify the legality of your prospective firm if it is a registered member of the DSA (Direct Selling Association) or whatever it is called in the country of your origin. Always look for the DSA seal to ensure that your rights are protected under the DSA code of ethics. Again, check the regulations being governed in your country for they might differ from one state to another.
- Be cautious of commission offers that are too good to be true. No amount of success or wealth could be earned overnight and direct selling is one of those industries where hard work, dedication, time and energy matter most before you can actually feel the financial benefits of joining a reputable direct selling firm. Never join companies without real products to offer for they might be involved in the pyramid scheme.
Joining a reliable direct selling company could be the start of a financially rewarding career, which could be done in the comforts of your home and preferred time. Being well-informed with the entire operation of a direct selling company will give you a better chance to think logically and select the best.
Be directed with your goals and if you see that joining a direct selling business will change your life for the better, then, give it a try. Who knows you might be the next top gross seller of the year. Now is the time to earn big bucks, partner with a credible direct selling company who is willing to work alongside your dreams and make them happen. Carry on.