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7 steps to choosing a great Network Marketing company

7 steps to choosing a great Network Marketing company

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7 points 7 points Presentation Transcript

  • 7  Things  to  look  for  in  a  DS/NM  Co.  
  • 7  Things  to  look  for  in  a  DS/NM  Co.  1.  Longevity  2.  Credibility  3.  Size  &  Growth  4.  Products  5.  Compensation  Plan  6.  Training  7.  YOU  
  • LONGEVITY  —  Stats  show  90%  of  all  start  up  Co’s  fail  in  1st  5  years.  —  90%  of  balance  10%  also  fail  in  next  5  years.  —  Is  the  Co.  5  years  old?  10  years  is  even  better  
  • CREDIBILITY  —  Does  the  Co.  take  advantage  of  its  customers  &   business  partners?  —  Does  it  have  a  history  of  illegal  activities?  —  Is  it  legally  registered?  —  Who  does  the  Co.  work  with?  —  Has  the  Co.  contributed  to  the  society?  
  • SIZE  &  GROWTH  —  How  big  is  the  Co?  —  Where  are  the  offices?  In  how  many  countries?  —  How  many  distributors/IRs  are  with  the  Co?  —  How  stable  is  the  Co?  —  How  fast  is  it  growing?  
  • PRODUCTS  —  What  kind  of  products  Co.  deals  in?  —  Are  they  fad?  —  Are  they  adding  real  value  to  customers?  —  Are  the  customers  passionate  about  the  products?  
  • COMPENSATION  PLAN  —  How  lucrative  is  the  Comp  Plan?  —  Do  you  get  $5  or  $10  for  each  unit  of  sale  of  $100  &   $1000s?  —  Do  I  have  to  recruit  MANY  people  to  earn  some   money?  
  • TRAINING  —  Training  is  the  life  of  NM  industry  —  What’s  the  quality  of  training  of  the  Co?  —  Is  the  training  material  easily  available?  —  Is  the  Co.  helping  a  nobody  to  become  a  somebody?  —  Does  the  Co.  CARE  about  my  success?  
  • QNET  -­‐  Longevity  —  In  existence  for  12  years  (  since  1998  )  —  HQ  –  Prestigious  Bank  of  China  bldg,  Hong  Kong  —  It’s  a  stable,  10  +  year  old  Co.  
  • QNET  -­‐  Credibility  —  2000  –  Worked  with  Vatican  to  release  Commemorative   Coin  for  Pope  John  Paul  II.  —  2001  –  FAO/UN  appointed  Qnet  as  exclusive  distributor   for  its  gold  coin  program  to  create  awareness  against   world  hunger.  —  2003  –  Sponsor  for  International  Badminton  Federation   (  IBF  )  held  in  UK.  —  2006  –  Official  distributor  of  FIFA  World  Cup  Coin   programme  &  sponsor  for  Brazilian  team.  —  2007  -­‐  Qnet  sponsors  the  Commonwealth  Business  Forum   in  Uganda  
  • QNET  –  Credibility  —  2008  –  Key  sponsor  for  QI-­‐Meritus  team  in  GP2  Asia   series.  —  2009  –   —   Qnet  Singapore  inducted  into  the  prestigious  DSAS.   —  Official  DS  sponsor  for  Asian  Football  Conf  (  AFC  )   —  Qnet  Malaysia  accepted  as  member  of  MDDA   —  QI  group  gains  membership  of  World  Economic   Forum’s  Community  of  Global  Growth  Companies  
  • QNET  –  Credibility  —  2010  –   —  Qnet  sponsors  Team  QI-­‐Meritus  at  GP2  Asia  Racing  series,   Bahrain.   —  QI  group  crosses  US$  1  billion  sales  by  year  end   —  QI  brings  Global  Business  Leaders  Forum  2010  to  Malaysia.   —  QI  announces  prestigious  partnership  with  Sir  Richard  Branson   –  Virgin  Racing  team.   —  World  famous  Murlidharan  becomes  Qnet  brand  ambassador   —  Qnet  awarded  the  Caring  Company  recognition  by  Hong  Kong   council  of  Social  Service,  for  THIRD  year  in  a  row.   —  Qnet  Chairperson  Ms.  Donna  nominated  for  prestigious  “  Best   of  the  Best”  Network  Marketing  Industry  Award  by  MLMIA   —  GOPIO  awards  Dato’  Vijay  Eswaran  GLOBAL  BUSINESS   EXCELLENCE  AWARD      
  • QNet  Conquers  M-­‐Commerce  Market  —  New  York,  NY  (Vocus)  October  8,  2010   —  International  direct  selling  company,  QNet  has  cemented  its   decade-­‐long  reputation  as  a  leader  in  e-­‐commerce  by  launching   multi-­‐platform  mobile  applications  for  its  million-­‐plus  global   customers.   —  Following  recent  launches  on  the  iPhone  and  Nokia  platforms  at   the  company’s  annual  convention  in  June  earlier  this  year,  QNet   this  week  announced  their  m-­‐commerce  business  application  for   leading  mobile  phone  operating  systems  BlackBerry  through  BB   App  World,  and  the  Android  platform  through  Android  Market.   QNet  Chief  Information  Officer,  Malick  Aboobakar,  said  the   company’s  distributors  would  be  able  to  embrace  a  truly  mobile   and  global  business  by  utilising  the  virtual  office  application  to   conduct  their  independent  direct  selling  and  network  marketing   business…….  
  • QNET  –  Size  &  Growth  —  Breached  the  US$  billion  mark.  —  Has  6  Million  customers  worldwide  in  160  countries   in  just  12  years.  —  Early  adopter  of  e-­‐commerce,  Qnet  has  emerged  as  a   pioneer  in  online  network  marketing  &  direct  selling.  —  Now  offers  mobile  friendly  site  and  mobile   applications  fuelling  Co’s  philosophy  of  business   anywhere,  anytime  with  support  everywhere  —  Excellent  track  record  of  growth  &  scale  
  • QNET  -­‐  Products  —  High  growth  market  segments  –   —  Health  &  wellness     —  Telecom  services   —  Vacations   —  Watches  &  Jewellery  —  Products  are  unique,  innovative,  exclusive,  value   driven  &  reliable.  —  Paul  Zaine  Pilzer  in  The  Next  Millionaires  talks  of   Wellness,  Internet  &  Direct  Sales  as  key  drivers  of   growth  for  next  decade.    
  • QNET  –  CompensaVon  Plan  —  One  of  the  most  lucrative  in  the  industry.  —  Attractive  6%  -­‐  13%  Retail  margin  PLUS  7%  -­‐  14%   Referral  Commission.  —  E.g.  –  Diamond  Vacation  Package   —  SP      :  $13,040  -­‐  Referral  :  41.67*21     —  IR    :  $11,340        $875         —  Retail  margin  :  $1700                                $2575  (  1700+875)   —  %                            :  13%          20%    
  • QNET/V  -­‐  Training  —  The  V  –  global  network  support  &  training  org  with   in-­‐house  V  Studios  —  Best  in  class  training  tools  -­‐   —  DVDs   —  Books   —  Events  (  Vcon,  NSS,  World  Tour  )   —  Product  Trainings   —  Magazines  (  AspIRe,  Voyager  )   —  www.the-­‐v.net  and  Vtube   —  Local  systems    
  • YOU  —  What  does  it  take  to  be  successful  –  YOU  —  Not  for  people  who  want  a  Get-­‐Rich-­‐Quick  scheme  —  To  be  successful,  YOU  –   —  Must  work  hard   —  Think  smart   —  Stay  committed   —  Be  prepared  for  initial  challenges   —  Must  be  dedicated  to  closely  following  the  established  &   proven  business  plan.  —  Net  provides  the  tools,  support  services,  infrastructure  &   enablement  for  YOU  to  succeed  in  this  business  and   become  FINANCIALLY  FREE  
  •                  THANK  YOU