Empower Network tells all you need to know about the network marketing businesses before you sign up
Empower Network family, here’s some information that all of us need to be aware of.
The Bureau of Consumer Protection Business Center published an article that outlines what questions you should be asking of a multi level marketing (MLM) and network marketing company you are interested in joining.
It is a BIG help when trying to determine the legitimate from the illegitimate.
We wanted to break it down for you.
Consider the Products
Find out exactly what you will be selling. Find out about the product’s competitors. How do the products compare on price and safety?
You should have a critical eye for products that promise “miracle” ingredients or guaranteed results.
Should you decide to buy into a company and promote their products, be sure the marketing materials you’ve been given back up your products provide solid evidence to claims you make about the products, BEFORE you repeat these claims to others.
Learn More About the Company
Research the company. A few key items you need to know are:
How long the company has been in business?
Whether it has a positive reputation for customer satisfaction
What the buzz is about the company and its product on blogs and websites
Whether the company has been sued for deceptive business practices
Also be sure to check with your state Attorney General for complaints about the company you’re considering.
Evaluate the Plan
Take your time when it comes to signing up with a company. Make sure you have the answer to all of these first. Ask your sponsor for the terms and conditions of the plan, and make sure you get them in writing, and make sure you get all of this information in writing including:
The compensation structure
Your potential expenses
Support for claims about how much money you can make
The name and contact information of someone at the company who can answer your questions
If you are unsure of unclear on anything, don’t be afraid to ask for more information.
Before you sign, make sure you:
Find out about refunds.
Get the company’s detailed refund policy in writing.
Find out how much time and money other distributors have spent on training, marketing materials, and seminars when they joined the plan. Also be sure to find out about any training you may be required to participate in.
Ask a friend or adviser to read the materials.
Have an accountant, lawyer or a trusted advisor who is in no way affiliated with the company or the plan review the terms of compensation and look over the information you’ve been given.
Think about whether this kind of work suits your talents and goals.
Would you enjoy selling products to the public? Find out how much time your sponsor and others spend on the business when they first joined, and how much time they spend currently.
Here are some questions to ask, which we have posted on our site and linked below, before making any decisions:
How many people have you recruited?
How long have you been in the business?
How much time did you spend last year on the business?
How much money did you make last year — that is, your income and bonuses, less your expenses?
What were your expenses last year, including money you spent on training and buying products?
What percentage of your sales were made to distributors?
How much product did you sell to distributors?
What are your annual sales of the product?
What percentage of the money you’ve made —income and bonuses less your expenses — came from recruiting other distributors and selling them inventory or other items to get started?
It’s very important you have a complete picture of how the plan works in as much detail as possible, as well as the most about the company as possible before you make any decisions.
Here at Empower Network, we strive to be the most ethical and transparent company as possible. And to that end, we have addressed each of the concerns listed here for you to view here at http://www.empowernetwork.com/documents/Recommended_FAQs_from_FTC.pdf.
We hope that these tools add to your knowledge and if others ask about Empower Network.