Today, I’d like to educate you about when to join a network marketing company.
You have lots of options in our industry. There are more than 1,000 different MLM Companies to choose from. Some are good, others are okay, and a few are exceptional.
What company you choose and when to join a network marketing company are personal decisions. What works for one person might not work for someone else. It’s important to find a company that aligns with your goals, personality, values, and risk level.
You can make money (or lose money) in any MLM Company, whether it is ground floor, relatively new, or older and stable.
No matter what type of company you join, or when you do it, your success will require a burning desire, hard work, perseverance, and a lasting commitment. There is no “EASY” company to build or shortcut to success.
In the paragraphs below, I will discuss your different options and discuss when to join a network marketing company.
As a quick disclaimer, this is just my opinion. We can agree to disagree.
When to Join a Network Marketing Company
Before I tell you when to join a network marketing company, remember this. You need to find a company you love. You want a product line that excites you. You want a company with a good reputation, sound company leadership, a fair and balanced compensation plan, and systems and training in place. If the products don’t make sense, neither does the business!
I recommend you pick the TYPE of product line you want to promote and then look for a company based on the information I share in the next few paragraphs.
The Biggest Opportunity: Ground Floor Opportunities
The biggest opportunity is ALWAYS with a ground floor opportunity. Get in early, real early, before anyone else knows about it. Be one of the first 10,000 to 20,000 members.
Of course, it’s not just about getting in early. You still must do the work, retail products, recruit distributors and build your team.
While the opportunity is HUGE, the risk is also HUGE. Most new businesses of any kind fail within the first few years. Our industry is no different. The likelihood that the new “ground floor” opportunity you are promoting will still be around in five years is quite slim. It’s possible, but highly unlikely.
There are always MLM Companies going out of business and new ones popping up.
Yes, you can make millions in a ground floor opportunity, but you are also betting on a company with an unproven track record. If you can accept the “HIGH RISK” of potentially having your company shut down a few years from now, after you’ve put in the work and built a big team, I’d say go for it.
If that scares you, you have other options.
The Safest Best: Established MLM Companies
The safest best is to join an established MLM Company that has been around 20+ years and has proven it is here to stay. There are anywhere from 50 to 200 companies in our industry that fit this bill, maybe even a few more.
What’s good about established MLM Companies is you know there is a high likelihood the company will not go out of business anytime soon. It’s proven and stable.
The drawback is that the opportunity is saturated. Most people know about the company and have preconceived notions about the company. Plus, the company is normally past its momentum and critical growth phases.
In most cases, the top earners are the people who joined the company BEFORE or during the momentum phase, with a few exceptions.
Partnering with an established MLM Company might be a slower build than a ground floor opportunity, but it is stable and less risky.
If you join an established MLM Company, you can sleep well at night knowing your company is here to stay!
The Middle Ground: Young Companies
The middle ground, for someone who doesn’t like high risk, or something that is a household name, is to join a company that is five to ten years old and is doing $50 to $100 million per year in annual sales. These companies are normally in the growth phase but are not saturated yet.
They have good leadership, a good track record, but are still young and relatively unknown.
These companies aren’t sexy like ground floor opportunities, but they are still lucrative. They’ve worked out the kinks, have a great leadership team in place, and an infrastructure to support future growth.
In my own experience, I believe the best time to join a MLM Company is when it is at least two to three years old and is doing $30 million or less per year in sales.
That way the company survived the early stages, has had some growth, and is moving in the right direction.
It’s not in momentum yet, but the company has proven itself and survived the first few years.
In conclusion, these are my thoughts about when to join a network marketing company. I’d love to hear from you. When do you think is the right time to join a network marketing company? Leave a comment below to let me know what you think.