Friday, August 28, 2009

Does Product Cost Make A Difference In Making Money In MLM?

With so many opportunities staring us right in the face it's difficult to know which ones present us with the extra spark that increases our odds to make money online in Multi-Level-Marketing (MLM). This is why I've been writing about qualities an opportunity must have to increase those odds.

The first three are the most important qualities that place you in a position of success, they are again;
  • Excellent product needed by the masses
  • Experienced successful company overly friendly to the needs of business builders and product sales people as well - this reflects well in the next quality
  • An extra fair compensation program allowing for both immediate as well as residual awards
You get these right during your search and you'll succeed should you have the right work ethic and guidance.

What about cost? The cost of getting involved in the opportunity as well as the monthly cost should be based on two things and you need to answer all by yourself if the cost is right for you
  1. Is the product you get for being a member worth the price you are paying. You certainly don't want to gouge your customer nor do you want to be gouged
  2. Is this a price you and others are willing to pay after the initial euphoria of joining is settled down? Will you be happy and will your customers be happy and can you all afford to pay this month after month? So the cost you pay must be aligned to the value of the underlying product.
Again you do the first three things right (company, product, comp plan) in selecting an opportunity and the price you pay for the opportunity will be based on your better judgment.

Next we'll be talking about Systems in place to help you market the product

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