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Transparency in Network Marketing Page 2

Transparency in Network Marketing Page 2

Compensation Plan Transparency

Whether you are venturing into your first network marketing opportunity or you are a seasoned professional, you should not have to be a math major to figure out the compensation plan. The truth has developed a reputation in the network marketing industry, and depending on how you look at it, it may work for you or against you.

The bottom line of any network marketing opportunity and of course its compensation plan is something has to be sold. Whether it's a product or service a sale is required. When looking at the network marketing opportunity the way in which these sales occur and how you get paid must be explained.

Too many times the truth of having to make a sale is hidden from the individual investigating the network marketing opportunity. They only find out after they join that they have to sell a product or service to make any money. At this point they feel betrayed and most likely will quit, which in the end helps no one.

Do not be afraid to ask questions about the compensation plan and learn the truth. Understand the methods that you will be paid and what is required to build a successful business. You want to be able to build a business that will pay you today and build a residual income long term.

Product Transparency

While product transparency sounds somewhat strange, it is something that every traditional business knows all too well. What products are in demand, which products are not, and what are the customers saying about the products they have purchased?

Being an entrepreneur is not about products that you like, it is about products that the masses like and ones that you can earn a comfortable living from. Many people look at the products and think that if they like them others will too. That is not the case.

The simplest thing to start with on the products and/or services is the sales numbers. How many units have been sold, how much revenue has been generated, how many markets are they being sold in and what is the growth rate being experienced. Then take this line of questioning one step further and ask, "How many products have been returned?"

This last question will show you just how good the products are. Yes you can have great testimonials from satisfied customers, but if you have 1 satisfied customer for every 3 unsatisfied customers, eventually time will expose the truth that the products and/or services are not doing what they promised.

Complete Transparency in Business Opportunity

When investigating a network marketing opportunity and focusing on the three key features discussed, you will have a much clearer picture of what the opportunity is all about. For any opportunity that is successful, it must have proper field leadership, a well-established and lucrative compensation plan and have products and/or services that are in demand. With these three items being inline, being transparent is never an issue.

The issue is with the opportunities that want to convince you of their validity based on smoke and mirrors. Learn from those that have done this before you, learn from those in traditional business that have learned the hard way; transparency in business, any business is essential to your success.

Go back to Page 1 of Transparency in Network Marketing, . . . Page 1
*Examples in these materials are not to be interpreted as a promise or guarantee of earnings. Earning potential is entirely dependant on the person using the products, ideas, techniques and efforts put forth on Engineered Lifestyles. For our full earnings disclaimer click here.

Become an Entrepreneur

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Additional Entrepreneurial Topics

Entrepreneurs cross the finish line first
You can't cross the finish line if you never start! Do not let fear and anxiety stop you from achieving your dreams. Become an entrepreneur, start your own global business and be successful. You are not alone and Engineered Lifestyles is here to support you. Take the first step in understanding what experts are calling the Business of the 21st Century. Listen to what they have to say right here.
Entrepreneurial skills
There are many skills that an entrepreneur must develop and continually improve. Being in business for yourself is extremely rewarding, yet one must be prepared. There will be challenges to overcome, otherwise your business and dreams will die. Do not let that happen to you. Learn the skills that every entrepreneur needs to be successful in today's global economy. Start getting your information here.

 

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