There are definitely more than ten questions you need to be asking before you join Herbalife as a distributor, but I’m going to focus on the ten that I feel are most important and these can be applied at any potential network marketing business opportunity you are looking into. You will have to get the answers from your sponsor or the person trying to bring you into their business Too many people join business opportunities without asking the tough questions, only to find out it was a big mistake. You should be well informed BEFORE joining! If you are new to this company be sure to read the Herbalife review and then come back to this article.
Question 1 – Is there an actual product that can be sold to the general public? It’s bad enough that a lot of the general public automatically associate MLM with pyramid schemes. In order for the company to be legitimate there has to be product being sold, and it has to be sold to more than just the company distributors.
Question 2 – Do you get paid only for bringing people into the company? Obviously when we look at network marketing you have to bring people into your business to actually make the big bucks. If you didn’t you would really be a glorified salesman for the company rather than a business owner. Question 2 is tricky because you are obviously going to get paid for bringing people into the company, but it’s not the act of bringing them in that gets you paid, it’s the sale of a product. If you get paid for having someone signup in your business, you need to look elsewhere!
Question 3 – Who are the owners of the company, and what is their history? The leaders of your company need to know what they are doing. If they aren’t good business people, your success could be short lived. You wouldn’t want to build a big organization for yourself only to have the company shut down over a shady business deal or something that was out of your control. By simply asking the hard questions and doing your research you can save yourself a lot of trouble
Question 4 – How experienced are the owners with network marketing? You might not think this is a big deal, but it truly is. I have personal experience with this. My last MLM was going very well. I built up a substantial business only to have them shut down their MLM operations. We got a 30 day notice and our checks were cut off. Out of nowhere this company took away a primary source of income because the leaders of the company were from corporate America and didn’t know the ins and outs of MLM. Corporate America and MLM are two completely separate worlds.
Question 5 – Do they have sufficient capital? With a company as large and old as Herbalife, you may not need to ask this This question truly needs to be addressed on start ups. Debt is not something you want when starting a large company, and you need to ask this question!
Question 6 – What is the startup costs? Normally this is one of the first things people ask, so you probably already know how much it costs, but let’s expand on this subject. Remember, when you join a network marketing company you are basically purchasing a business. You get to be your own boss!When you join a network marketing company, you become your own boss. It’s your business! Herbalife has been around for a long time and it obviously costs to join. That’s not a bad thing. There are actually companies out there claiming that you can join for free and be making thousands of dollars in a few months. I just don’t see that as a possibility. In order to be joining a successful company you need to expect some upfront cost. Just imagine if you were starting your own business from scratch.
Question 7 – Are you required to purchase a minimum amount of product each month to retain your dowline? Some compensation plans are setup to benefit the company and if you don’t purchase product each month, you lose all of your hard work. If you don’t they will flush your downline and you will have to start over. That doesn’t seem fair to me. Be sure to read and re-read the companies compensation plan BEFORE you join! If the comp plan isn’t easy to find and ready, you may have an issue.
Question 8 – Is it easy to find information about the company? You don’t want to be involved with a company that doesn’t show who they are upfront! With the way the internet is, if you can’t find something, or all you find is bad publicity, you probably have an issue. This is a major issue and if you have trouble finding info, you need to bring it up to the person recruiting you. If they can’t answer your questions, there’s another red flag.
Question 9 – Is the compensation plan easy to read and understand? If it’s not you may be missing some key information. This is not a small issue. You need to discuss this with the person that is bring you into the company.
Question 10 – Does the company help you with marketing training, and the things you need to succeed? For most companies, the answer to this question is NO. You have to create your own success because it’s your business. You have to market it yourself, you have to sell it yourself, and you have to build it yourself. It can be done, but you may need to plug yourself into a 3rd party marketing system.
If you were able to get questions 1 through 9 answered to your satisfaction, you can feel confident that you are getting involved with a good company. I wish you all the success in the world! If there were any discrepancies, I would suggest running in the other direction! Ultimately it’s up to you. Question 10 really is all up to you! If you want to succeed in MLM you need a business coach and duplicateable system to help you reach your goals. You must learn how to market your business on the internet as well as offline. You need to build a list and brand yourself. All of that is outside the scope of this article, but be sure to follow the information at the bottom of this article if you have questions.
Joseph Turbin is a internet/network marketing coach that has helped countless people bring their business online and showed them how to market themselves using the power of the internet. Be sure to check out his lead generating marketing system, and if you haven’t read the Herbalife review, check it out as well!