Let’s face it, no matter how cautious or extra vigilant we try to be, there are still some unlucky individuals who become victims of pyramid schemes or be fooled of gaining immeasurable wealth in just a short span of time by just being a member of their MLM business.
So, how do we prevent ourselves from falling into this kind of prey or loosing a lot of investment only to find out in the end that there is no real company? Here are 7 key pointers that will help you determine if the MLM firm that you wish to join is real or not.
- Solid track of record
Among your checklist to consider when joining a MLM business is their current track of record. Ask those who referred to you this company or anyone who is already a member how long the business has operated. Don’t forget to verify if they are listed on your local businesses’ directory or whatever is equivalent to your area or country of origin.
- Complete company details
Your potential company should at least provide their members a complete company address, especially if they have an existing physical outlet for the distribution purposes of goods to members or distributors. Aside from that, details pertaining to phone numbers should also be stated as well as other vital information like email or website address where clients, recruits and distributors could contact you easily. Any urls or links given should always be working or clickable when conducting internet surfing. If your prospect MLM firm is only an online based business, always confirm their website’s legal registration and if it has a secured setting for any forms of payment done by the members who are signing-up. Conduct as well online surveys of other members who have already signed-up.
- The products must appeal to you
For you to succeed in any MLM business, be sure that you also believe in what their products can do. If you are a satisfied user of their existing products, then, the marketing task on your part would not be as difficult as you imagined it to be. Once the products appeal to you, the entire convincing to all your potential buyers would come out naturally.
- Minimum investment requirement
Most reliable and accredited MLM firms only require minimum investment for their members to get started. In most cases, a reasonable initial start-up fee is paid to cover any brochures or marketing materials given to members that they can use in product demos or client meetings. Be more suspicious if a MLM company requires you to pay a huge sum of money just to become a distributor or member.
- Prompt payment scheme
A real MLM company has the capacity to provide all their members or distributors a detailed scheduling of the payments or commissions that they are entitled to receive. Don’t hesitate to ask their company’s payment scheme and other cash incentives given to those who meet their target sales volume quota before signing up for their membership.
- Career Advancement
A lot of MLM businesses who have been in operation for a good number of years provide continuous support to all members, both old and new to ensure their growth and possible career advancement. Remember a genuine MLM company gives you more chances of earning and getting promoted to a higher rank position provided you have put your 100% hard work and dedication to meet the targeted sales requirement.
- Buy-back option policy
Most MLM businesses like any other legitimate direct selling companies also offer the buy-back option policy to protect their members’ investments, For example, a reputable MLM firm is willing to buy-back any unsold goods for up to 80%. If the company you are considering doesn’t have rules on products you wish to return due to overstocking or change of heart for this type of business, then, better think twice or more before fully committing for they might be operating under the pyramid scheme.
Finding a genuine MLM company takes a lot of research and surveys. Don’t just go over the flow of other believers who have been lured in to making it big by just paying a huge sum of investment. If by any chance you have been persuaded into a business whose only purpose is to get as much recruits who are willing to pay a costly membership without any real product or service to offer, then, take this opportunity to grace your exit and become wiser as you move to your next MLM company prospect. Join a real one and discover the true rewards of a real MLM business.