7 Key Considerations You Must Know Before Starting Your Own Multi Level Marketing Business

7 KEY CONSIDERATIONSYOU MUST KNOWBEFORE STARTINGYOUR OWN MLM

BUSINESS

https ://www .ventaforce .com

Introduction

Do Your Research

Choosing The Product or Services

Financing

Create A Winning Team

Taking Care Of Legal Aspects

Compensation/Commission Plan

Training and Rewards and

Recognition

KEY PRESENTATIONFEATURESWHAT WE WILL COVER TODAY


Planning is the most important aspect for any

business; MLM Marketing

is no different. Even though you have a

fabulous plan, you should desist from

falling in love with your plan blindly.

INTRODUCTION


MLMSoftware

Here are the 7 key considerations you needto know before starting off.

These considerations are intended to give youa reality check before you make

investments.


INDUSTRYEXPERIENCE

1: DO YOUR RESEARCH

Analyse the market of your chosen

products and services by checking on the

competitors and their strategies.

Use the success strategies of the

competitors.

Do demand analysis of the product in the

market(s) where you would be launching

your company.

Check the attractiveness/uniqueness of

your business in those territories. Use

services of market research companies, if

required.



Know your target audience well so that your

product/services could fulfil those demands in

the targeted market.

Your product should answer these 3W’s - WHAT,

WHY, and WHEN, that is what to launch, why to

go for this product (is there any demand or you

will need to create demand) and when to

launch it (timing/seasonality, if any).

Never compromise on quality

2: CHOOSING THE PRODUCT OR SERVICES

You should be ready with a detailed project

report.

Avoid online services, use services of a CA

instead.

Discuss all the PROs and CONs with the CA.

Ensure one year financing that’s transparent &

legal.

Remember to include all costs, including

office and staff, travel, training among others.

TIP: You can opt for a co-working space instead

of renting own office. You will save loads of

money.https ://www .ventaforce .com

3: FINANCING

INDUSTRYEXPERIENCE

4: CREATE A WINNING TEAM

Just like any other business, MLM is a

serious business that requires hard work,

perseverance and patience.

You should lead by example by attending

as many meetings and conferences as

possible so people can follow you &

replicate success.

Pack your days as much as possible, slog

hard to motivate people around you.

You will go far if you create winners

everywhere.



TIP: If you are unwilling to slog, you are bound to flop. MLM business

needs people who could lead from front.


Legal compliance and registrations help you in two

ways:

First, local authorities will not bother you.

Second, compliances create trust factor among

people that eventually helps in

business growth.

Hire a business attorney to take care of your taxes,

paperwork, employer identification number, and

apply for the necessary license, trademark

registration, PF, GST and other compliances.

5: TAKING CARE OF LEGAL ASPECTS

Remember, people join companies to attain

their financial goals. If your business plan

delivers to fail, your company is bound to fail.

The goal of your company should be to

attract skillful people that could propel your

business further.

It is imperative to have a very liberal and

lucrative commission plan.

Money is the biggest motivator, just like you

are launching MLM company for money,

people also have their dreams. Help them;

they will help you in return!


6: COMPENSATION/COMMISSION PLAN

INDUSTRYEXPERIENCE

7: TRAINING AND REWARDS & RECOGNITION

MLM business is all about working

through people who are independent

contractors (distributors).

You need to have a well-defined,

structured training program to enhance

the skills of the distributors.

Training could be offline, online

(including webinars and video sessions).

You need to have a great R&R Program to

recognize outstanding distributors for

motivation.

.



TIP: You need not dwell much into R&R, checkout the leading

companies & customise as per your needs.

OUR PORTFOLIO


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FACEBOOK

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TWITTER

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INSTAGRAM


KEEP IN TOUCHHOW TO REACH US

Sankalp Computers & Systems

Private Limited (Makers of Ventaforce,

world’s most loved MLM software)

First Floor, Opposite Ladkat Petrol

Pump, Narpatgi, Pune

Maharashtra - 411011 (India)

MAILING ADDRESS

[email protected]

EMAIL ADDRESS

Landline: +91-20-41062333

Mobile: +91 9881748645

PHONE NUMBER

THANK YOU FORYOUR TIME!

HOPE TO WORK WITH YOU SOON!


7 Key Considerations You Must Know Before Starting Your Own Multi Level Marketing Business

Business

Transcript of 7 Key Considerations You Must Know Before Starting Your Own Multi Level Marketing Business