Choose the right MLM for your needs
If you are a mom looking for an at-home business, you might be tempted by a multi-level marketing opportunity, like selling Avon or Pampered Chef. But there are literally hundreds of products you could sell and as many companies you could work for selling those products. How do you choose the one that’s right for you? Let’s look at some criteria to help.
Product quality
Most WAHMs who sell a product through one of these companies discover the product when they attend a home party where the product is being sold. They might find that they like the flavor of the food, or the ease of makeup application or how they feel after drinking the drink.
That means, then, that there’s a belief in the product’s quality before signing up with the company. But if you decide to sell something that you have never tried before yourself, you have to do a bit more digging. Make sure that the product has good reviews, that it does what it promises and that the company itself is a good one that stands behind its products.
Investment
How much will it cost you to get started in your business? While you should never have to pay in general to work for a company, there’s always a start-up investment when dealing with a MLM. You will buy a kit, or supplies, or a starter supply of something. Much depends on the company as to what you need to buy and how much it will cost.
Can you afford the initial investment it takes to get your business started? Many MLM companies will let you start with either a basic, bare bones kit, or you can purchase a kit that includes samples, sales orders and the like. In addition to whatever kit you choose, however, you will also need to purchase business cards, perhaps a website, and other office and business supplies.
Support
What kind of support does the company offer its consultants? Can you call someone during your start-up period for advice? Is it free? What kind of support might you get from the others who work for the company? Will your upline provide any support? Is there any training efforts that will help you as you establish your business?
One of the best aspects of signing up to sell a MLM product is the built-in support that most companies offer; though not all companies do offer that support mechanism, the best ones will. Be sure to ask the right questions before you sign up.
Time involved
Does the time requirement for working your business work for you? If you decide to sell food or kitchen products, for example, you might need to prepare food in advance of each party. Do you have time for that? If you sell scrapbooking products, you might need to make an album full of sample pages with the company’s products. Can you add that into your already busy schedule?
If you don’t have a lot of time to give to these kinds of endeavors, you might want to think about that before you sign up with a company. Other products, like makeup or skincare, might not require as much preparation.
Potential for earnings
Carefully examine the company’s compensation package. How much will you make from a sale? How much can you make from a party? Will you make enough to cover your expenses and bring you a nice profit? Sometimes it can be hard to turn a good profit from MLM companies. Many moms report losing money, likely because they don’t do the research ahead of time that you will do.
Your market
Do you have a good base of potential customers now? When you first start your business, your initial customers will likely be friends and family. If you have a tiny family and few friends, your potential for getting that business off the ground quickly and easily will be shaky.
Carefully consider the market that you have. Will they buy products from you? Not everyone will be willing to hear your presentation and might even feel put on the spot by your desire to sell the products. Make sure you have a comfortable base of potential customers to begin with.
Doing a bit of research before you jump into a new earning opportunity can be the difference between a successful endeavor and a failure. Make sure you do everything you can to achieve the former.
How to organize your new home office
Organizing a home office can be difficult. Your work space might be shared with home space. The desk at which you work throughout the day could be the same desk at which you pay bills at in the evening.
That creates a particular problem for organizing your home business items. You might not give this much thought in the beginning, but there are many reasons why having an organized work space will benefit you. In addition, keeping your work items separate from your home items can help you at tax time.
Let’s look at some ideas for organizing your at-home office.
First, consider where your home office is – or will be – located. If you are able to take over a room in the house, you are in good shape. Organizing will be simpler than those who share another space in the house, like the family room or master bedroom.
Either way, consider the unique challenges that your space poses. Where you can you file your papers and other items that need to be organized? Do you have a space for your notebooks or manuals that you might need? If you sell items, do you have space to store your samples and display materials?
Next, purchase just enough organizing materials that will help you get the job done. We say “just enough” because many of us can go crazy buying organizational helpers. Things like files and boxes and white boards can send us into a purchasing frenzy. We go crazy. But if you buy too much, you can overwhelm yourself and create a situation that’s ultimately contrary to creating a solid and useful workspace.
Try to get yourself organized before you begin working. If you are setting up that home office, you will thank yourself over and over again for taking time to organize things before you actually began working. This creates a seamless transition into working at home.
All of this organizing can be made more difficult if you share your space with the rest of your family. If you work in the family room, for example, you will not only need to make sure your items are kept separate from the rest of the family’s items, but that they are somewhat decorative. You won’t have the luck to have an office to make a mess out of. You’ll want your space to be clean because you and your family as well as guests will see the space.
Finally, as you think about organizing your work space, consider exactly what you need the office space to do. If you sell cooking items, you’ll need an area to store your samples (or perhaps those could be stored elsewhere) as well as files for customer information and catalogs. If you run an in-bound calling business, you really only need a place for your headset and phone and perhaps a notebook and pens. You might also need files for your paperwork.
In the end, you want your home workspace to work well for you but without doing more than it needs to do. If you waste time making the space do more than you need it to, you are committing yourself to a larger investment of new business money, and you’re taking more of your home space than you need to. While working at home is ideal for many people, most home businesses will naturally encroach somewhat into the family space. Your goal is to keep your items organized and to create a good working environment but without forgetting that your home is first priority.
How to find the right MLM for you
Many moms have found success as part of a multi-level marketing company. They might sell skincare or makeup products or seasonings for cooking. The moms who have found success have all found the right company for them, the company that pays well and that provides them with that they need to make their business work for them.
How can you find the right MLM company for you? Think about asking yourself (and the company) the right questions.
What is your take?
This is, how much do you get from each sale? This number can vary widely from company to company so pay attention to this information when you do your research. Less is not necessarily bad. If you sell products that people will buy more than one of (say, those seasonings for cooking), and you get a small percentage of the sale, you’ll likely will do well if people buy several items each time they make a purchase.
Conversely, you might get a lager percentage on some sales, but if people buy those items rarely and only make single purchases, your take might actually be lower than someone else who sells smaller items and takes a smaller cut.
There is no set standard here, but make sure that you can make enough sales to meet your income goals. Ask other company representatives how they do and how much they sell to meet their individual income goals.
How likely will people be to buy the product?
There’s a general consensus among people who sell products for MLM companies that consumable products are the best to sell. That is, products that people use or eat and then need more of. This might be items skincare and makeup, and food products. It can also be products for a hobby, since once the item is used, the customer might want more of that product or a similar product so they can continue their hobby.
In some cases, it can be hard to build a customer base that will come back to you again and again for a particular product. If you decide to sign up with a home décor company, as a representative, for example, you might do well selling to people but those people aren’t going to need more of your product. They might come to you when they need a gift, or they are redecorating a room, but they won’t consume the products the same way they will consume their food products, or need to replace their makeup products.
Of course, you should go with your interests, so if you are more interested in home décor items, then by all means sell them. Your passion for the product will also bring people to you for help and word of mouth will get out that ensures people know you are a good person to buy from.
What is the reputation of the company?
This is important, because the reputation of the company dictates the kind of experience you can expect to have and the experience your customers can expect to have. What do we mean by this? Simply put, if the company has a poor reputation, you will have a tough time selling, no matter how good they are to you.
Ask questions of current and former representatives of a company you are thinking of working for. What kinds of experiences did they have? If they report that their commission was good and they enjoyed some of the perks the company offered, but said that often they ship slowly and bill incorrectly, you need to think twice before signing up. Even if they treat their consultants like kings and queens, your customer will feel slighted if they too are not treated well. In the end, it’s the customer who matters, so make sure that company is one that your customers will enjoy dealing with. And also make sure you are prepared to be the face of that company, even when things don’t go smoothly.
Working as a rep for a MLM company can be very rewarding if you find just the right one. Do your research and make sure that a particular company is the right tone for you.