Top 10 Network Marketing Companies; while doing my research on the internet, I discovered that there are many people searching for list, but there does not seem to be a list anywhere so I decided that it would be good to provide it. However, the tricky part comes when you consider what the conditions might be for a company to be on the list of top 10 network marketing companies. There is so much to take into consideration, compensation plans, the product and the people to name but a few.
Below is a list of attributes you should be looking for in a network marketing company before just dive in head first.
- How long has the company been around for? – Look for a company that has been around for at least 2 years. 90% network marketing companies fail in their first 2 years.
- Is the company well financed? – Does it have the cash that it will need to grow, to maintain a solid infrastructure and of course, to pay your commissions!
- Can you generate immediate income? – This will help you with your cash flow and help finance your marketing efforts.
- Is the company committed to YOUR success? – If it is and the product or service is a winner, you WILL succeed.
- Does the company offer unique products/ services and is there a market for them? – ensure the product is not already readily available and make sure there is in fact a market for the product/ service.
- Does the marketing system take full advantage of technology? – Not everyone is a salesman, but ANYBODY can plug into a system and tools that do the selling and sorting for you!
- Is there a way to build your business part-time without losing your full time income? – The company must have automated systems that can do the heavy lifting for you so that you can use your limited time efficiently.
- Will you have enjoy your time with the company? – Although at first it is going to seem like work, it is important that you can have fun with your business partners, this just makes the whole business more enjoyable.
All of the top 10 network marketing companies will be able to put checks in all the above boxes, but so too will many other companies. You see, trying to choose the top 10 network marketing companies is a little bit like trying to choose a favourite child. For me to create a list of the top 10 network marketing companies would be wrong. Firstly I would no doubt leave companies off the list that definitely deserve to be on, secondly I have not been an independent representative for all the network marketing companies out there, so would not really be qualified to do so.
I can however share with you the Network Marketing Company that I am involved with and I can give you the reasons why I signed up.
I have recently signed up with Success University, and it would most definitely be on my list of top 10 network marketing companies.
Success University offers Self Development courses from many of the world’s industry leaders like Jim Rohn, Brian Tracy, Robert Allen and Denis Waitley to name but a few. Self Development is already a $64bn industry and more and more people are discovering the benefits of self development. The product is membership to learn how to be successful.
Success University has been around for a little over 2 years and the company is growing like wildfire, they offer a 14 day trial for only a $2 donation to a non profit charity. People are signing up to see what it is all about, they have full access to the back office and all the personal development courses, they discover the potential and becoming full members. The marketing system is 100% online which means there is no need for cold calling or hassling friends and family and you can market to billions of people around the entire globe.
Network Marketing Compensation Plans Explained vici marketing
The 4 Types of Network Marketing / MLM Compensation Plans:
1) The Breakaway.
This is the oldest and most traditional of the comp plans. It allows distributors to recruit and be paid on an unlimited number of frontline associates. When leaders emerge by meeting the basic requirements set forth by the company, they “break away” from their up-line executives, thereby forming there own organisations. In a breakaway compensation plan, leaders receive a commission on unlimited levels generated by everyone within their own circle volume and based on the number of “breakaway” leaders on their frontline, they are paid a commission on a designated number of levels of their breakaway groups. Even though a larger percentage is generally paid on the circle volume, the real money is made in the massive numbers generated in the breakaway groups.
2) The Unilevel
The unilevel compensation plan essentially pays commissions on a specific number of levels, as opposed to generations that can run to depths of twenty or more, as designated by the company. A unilevel comp plan has no breakaway system. To really succeed with this type of comp plan, you need to recruit significant numbers to your frontline. The more people you have on your frontline, the more people you will have on levels six, seven, eight, or however far down the plan pays.
3) The Matrix
The matrix plan is inherently limiting as a compensation plan by its very definition. Let’s consider the 3 x 7 matrix as an example: you are on top, and have 3 on your frontline. Your second level is 9, third 27, and eventually your seventh level is 2,187. Your entire organisation, if filled up would, compensate you for a total of only 3,279 people. Many of the top leaders in this industry have organisations of tens or hundreds of times larger than this. This is literally a case of converting an unlimited opportunity into a limited income position.
4) The Binary.
The binary is the most recent hybrid in the chain of new compensation plans. If you liked the matrix, you will love the original binary. The premise here is that all you need to do is sponsor two frontline individuals , who are called your “Business Centres.” Once you have your two, teach them to duplicate what you have just done, and poof, your rich! Not in most cases as companies require distributors to balance the sales volumes of each leg. If left on their own, each side tends to grow at radically different paces, and distributors are only paid on the lower of the two sides in their binary shaped organisation.