SlideShare una empresa de Scribd logo
1 de 17
Descargar para leer sin conexión
7 KEY CONSIDERATIONS
YOU MUST KNOW
BEFORE STARTING
YOUR 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 PRESENTATION
FEATURES
WHAT WE WILL COVER TODAY
https://www.ventaforce.com
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
https://www.ventaforce.com
MLM
Software
Here are the 7 key considerations you need
to know before starting off.
These considerations are intended to give you
a reality check before you make
investments.
https://www.ventaforce.com
INDUSTRY
EXPERIENCE
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.
https://www.ventaforce.com
https://www.ventaforce.com
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
INDUSTRY
EXPERIENCE
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.
https://www.ventaforce.com
https://www.ventaforce.com
TIP: If you are unwilling to slog, you are bound to flop. MLM business
needs people who could lead from front.
https://www.ventaforce.com
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!
https://www.ventaforce.com
6: COMPENSATION/COMMISSION PLAN
INDUSTRY
EXPERIENCE
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.
.
https://www.ventaforce.com
https://www.ventaforce.com
TIP: You need not dwell much into R&R, checkout the leading
companies & customise as per your needs.
OUR PORTFOLIO
https://www.ventaforce.com
Let's connect on social!
https://www.facebook.com/ventaforce
FACEBOOK
https://twitter.com/ventaforce
TWITTER
https://www.instagram.com/ventaforce
INSTAGRAM
https://www.ventaforce.com
KEEP IN TOUCH
HOW 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
sales@sankalpcs.com
EMAIL ADDRESS
Landline: +91-20-41062333
Mobile: +91 9881748645
PHONE NUMBER
THANK YOU FOR
YOUR TIME!
HOPE TO WORK WITH YOU SOON!
https://www.ventaforce.com

Más contenido relacionado

La actualidad más candente

A simple-but-effective-business-plan
A simple-but-effective-business-planA simple-but-effective-business-plan
A simple-but-effective-business-planZaini Ithnin
 
Crucial Aspects of Training Sessions in Telemarketing Companies
Crucial Aspects of Training Sessions in Telemarketing CompaniesCrucial Aspects of Training Sessions in Telemarketing Companies
Crucial Aspects of Training Sessions in Telemarketing CompaniesGo4customer
 
The Cost of Under-Managing Sales
The Cost of Under-Managing SalesThe Cost of Under-Managing Sales
The Cost of Under-Managing SalesAJ Johnson-Pihall
 
Buyer Consulting & sales Negotiations
Buyer Consulting & sales NegotiationsBuyer Consulting & sales Negotiations
Buyer Consulting & sales NegotiationsAceis Group Inc.
 
Making Sure Sales & Marketing Work Together
Making Sure Sales & Marketing Work TogetherMaking Sure Sales & Marketing Work Together
Making Sure Sales & Marketing Work TogetherRick Steinbrenner
 
RepRight Independent Sales Team Solutions
RepRight Independent Sales Team SolutionsRepRight Independent Sales Team Solutions
RepRight Independent Sales Team SolutionsAlice Errett
 
Franchising Integrated Approach System
Franchising Integrated Approach SystemFranchising Integrated Approach System
Franchising Integrated Approach SystemSalim Hajje
 
Are you a struggling gym owner?
Are you a struggling gym owner?Are you a struggling gym owner?
Are you a struggling gym owner?Jim Thomas
 
Telemarketing service - Telemarketing Database - Pioneer Lists
Telemarketing service - Telemarketing Database - Pioneer ListsTelemarketing service - Telemarketing Database - Pioneer Lists
Telemarketing service - Telemarketing Database - Pioneer ListsPioneer Lists
 
Intro Fractional SALESvp presentation_NEW.ppt [Autosaved]
Intro Fractional SALESvp presentation_NEW.ppt [Autosaved]Intro Fractional SALESvp presentation_NEW.ppt [Autosaved]
Intro Fractional SALESvp presentation_NEW.ppt [Autosaved]Dan Nelson
 
Improve the sales and marketing in your printing business
Improve the sales and marketing in your printing business Improve the sales and marketing in your printing business
Improve the sales and marketing in your printing business SMS Consulting
 
The Sales Coach
The Sales CoachThe Sales Coach
The Sales Coachgkeifer
 
Sales Management
Sales ManagementSales Management
Sales ManagementKen Merbler
 

La actualidad más candente (13)

A simple-but-effective-business-plan
A simple-but-effective-business-planA simple-but-effective-business-plan
A simple-but-effective-business-plan
 
Crucial Aspects of Training Sessions in Telemarketing Companies
Crucial Aspects of Training Sessions in Telemarketing CompaniesCrucial Aspects of Training Sessions in Telemarketing Companies
Crucial Aspects of Training Sessions in Telemarketing Companies
 
The Cost of Under-Managing Sales
The Cost of Under-Managing SalesThe Cost of Under-Managing Sales
The Cost of Under-Managing Sales
 
Buyer Consulting & sales Negotiations
Buyer Consulting & sales NegotiationsBuyer Consulting & sales Negotiations
Buyer Consulting & sales Negotiations
 
Making Sure Sales & Marketing Work Together
Making Sure Sales & Marketing Work TogetherMaking Sure Sales & Marketing Work Together
Making Sure Sales & Marketing Work Together
 
RepRight Independent Sales Team Solutions
RepRight Independent Sales Team SolutionsRepRight Independent Sales Team Solutions
RepRight Independent Sales Team Solutions
 
Franchising Integrated Approach System
Franchising Integrated Approach SystemFranchising Integrated Approach System
Franchising Integrated Approach System
 
Are you a struggling gym owner?
Are you a struggling gym owner?Are you a struggling gym owner?
Are you a struggling gym owner?
 
Telemarketing service - Telemarketing Database - Pioneer Lists
Telemarketing service - Telemarketing Database - Pioneer ListsTelemarketing service - Telemarketing Database - Pioneer Lists
Telemarketing service - Telemarketing Database - Pioneer Lists
 
Intro Fractional SALESvp presentation_NEW.ppt [Autosaved]
Intro Fractional SALESvp presentation_NEW.ppt [Autosaved]Intro Fractional SALESvp presentation_NEW.ppt [Autosaved]
Intro Fractional SALESvp presentation_NEW.ppt [Autosaved]
 
Improve the sales and marketing in your printing business
Improve the sales and marketing in your printing business Improve the sales and marketing in your printing business
Improve the sales and marketing in your printing business
 
The Sales Coach
The Sales CoachThe Sales Coach
The Sales Coach
 
Sales Management
Sales ManagementSales Management
Sales Management
 

Similar a 7 KEY CONSIDERATIONS YOU MUST KNOW BEFORE STARTING YOUR OWN MLM BUSINESS

10 Things Emerging Technology Companies Need to Know to Jump Start Their Way ...
10 Things Emerging Technology Companies Need to Know to Jump Start Their Way ...10 Things Emerging Technology Companies Need to Know to Jump Start Their Way ...
10 Things Emerging Technology Companies Need to Know to Jump Start Their Way ...Debbie Gee
 
Build an internet home business
Build an internet home businessBuild an internet home business
Build an internet home businessHome
 
Project jumpstart
Project jumpstartProject jumpstart
Project jumpstartHome
 
7 Critical Factors for a Successful Partner Recruitment Program
7 Critical Factors for a Successful Partner Recruitment Program7 Critical Factors for a Successful Partner Recruitment Program
7 Critical Factors for a Successful Partner Recruitment ProgramZINFI Technologies, Inc.
 
You're Ready to Start Marketing. Now What? (Series: Digital Marketing Tips fo...
You're Ready to Start Marketing. Now What? (Series: Digital Marketing Tips fo...You're Ready to Start Marketing. Now What? (Series: Digital Marketing Tips fo...
You're Ready to Start Marketing. Now What? (Series: Digital Marketing Tips fo...Financial Poise
 
How to make your teaching business franchisable
How to make your teaching business franchisableHow to make your teaching business franchisable
How to make your teaching business franchisableTeachworks
 
Channel Sales Management – 9 Ways to Get Promoted
Channel Sales Management – 9 Ways to Get PromotedChannel Sales Management – 9 Ways to Get Promoted
Channel Sales Management – 9 Ways to Get PromotedZINFI Technologies, Inc.
 
Business Plan Cheat Sheet
Business Plan Cheat SheetBusiness Plan Cheat Sheet
Business Plan Cheat SheetSGI Consultants
 
Entrepreneur series greenville library system
Entrepreneur series   greenville library systemEntrepreneur series   greenville library system
Entrepreneur series greenville library systemAnja Smith
 
Junior independent marketing director job description
Junior independent marketing director job description Junior independent marketing director job description
Junior independent marketing director job description Samir Mohammed
 
ORGANISATIONAL STUDY ON AMWAY INDIA
ORGANISATIONAL STUDY ON AMWAY INDIAORGANISATIONAL STUDY ON AMWAY INDIA
ORGANISATIONAL STUDY ON AMWAY INDIAManik Mukherjee
 
franchise business plan example |upmetrics
franchise business plan example |upmetricsfranchise business plan example |upmetrics
franchise business plan example |upmetricsECorp
 
Service business synergy
Service business synergyService business synergy
Service business synergyMOMOCACO
 
Marketingplantemplateandguide
MarketingplantemplateandguideMarketingplantemplateandguide
MarketingplantemplateandguideMichael Scott
 
How to Be a Rock Star in the Channel Marketing World
How to Be a Rock Star in the Channel Marketing WorldHow to Be a Rock Star in the Channel Marketing World
How to Be a Rock Star in the Channel Marketing WorldZINFI Technologies, Inc.
 
71 places to find new clients for your accounting firm or bookkeeping busines...
71 places to find new clients for your accounting firm or bookkeeping busines...71 places to find new clients for your accounting firm or bookkeeping busines...
71 places to find new clients for your accounting firm or bookkeeping busines...Sandi Smith Leyva
 
Service business synergy
Service business synergyService business synergy
Service business synergyFlora Runyenje
 

Similar a 7 KEY CONSIDERATIONS YOU MUST KNOW BEFORE STARTING YOUR OWN MLM BUSINESS (20)

10 Things Emerging Technology Companies Need to Know to Jump Start Their Way ...
10 Things Emerging Technology Companies Need to Know to Jump Start Their Way ...10 Things Emerging Technology Companies Need to Know to Jump Start Their Way ...
10 Things Emerging Technology Companies Need to Know to Jump Start Their Way ...
 
How to Be a Channel Marketing Rock Star
How to Be a Channel Marketing Rock StarHow to Be a Channel Marketing Rock Star
How to Be a Channel Marketing Rock Star
 
Build an internet home business
Build an internet home businessBuild an internet home business
Build an internet home business
 
Project jumpstart
Project jumpstartProject jumpstart
Project jumpstart
 
7 Critical Factors for a Successful Partner Recruitment Program
7 Critical Factors for a Successful Partner Recruitment Program7 Critical Factors for a Successful Partner Recruitment Program
7 Critical Factors for a Successful Partner Recruitment Program
 
Intership position
Intership positionIntership position
Intership position
 
You're Ready to Start Marketing. Now What? (Series: Digital Marketing Tips fo...
You're Ready to Start Marketing. Now What? (Series: Digital Marketing Tips fo...You're Ready to Start Marketing. Now What? (Series: Digital Marketing Tips fo...
You're Ready to Start Marketing. Now What? (Series: Digital Marketing Tips fo...
 
How to make your teaching business franchisable
How to make your teaching business franchisableHow to make your teaching business franchisable
How to make your teaching business franchisable
 
Channel Sales Management – 9 Ways to Get Promoted
Channel Sales Management – 9 Ways to Get PromotedChannel Sales Management – 9 Ways to Get Promoted
Channel Sales Management – 9 Ways to Get Promoted
 
Business Plan Cheat Sheet
Business Plan Cheat SheetBusiness Plan Cheat Sheet
Business Plan Cheat Sheet
 
Entrepreneur series greenville library system
Entrepreneur series   greenville library systemEntrepreneur series   greenville library system
Entrepreneur series greenville library system
 
Junior independent marketing director job description
Junior independent marketing director job description Junior independent marketing director job description
Junior independent marketing director job description
 
ORGANISATIONAL STUDY ON AMWAY INDIA
ORGANISATIONAL STUDY ON AMWAY INDIAORGANISATIONAL STUDY ON AMWAY INDIA
ORGANISATIONAL STUDY ON AMWAY INDIA
 
Entrepreneurship
EntrepreneurshipEntrepreneurship
Entrepreneurship
 
franchise business plan example |upmetrics
franchise business plan example |upmetricsfranchise business plan example |upmetrics
franchise business plan example |upmetrics
 
Service business synergy
Service business synergyService business synergy
Service business synergy
 
Marketingplantemplateandguide
MarketingplantemplateandguideMarketingplantemplateandguide
Marketingplantemplateandguide
 
How to Be a Rock Star in the Channel Marketing World
How to Be a Rock Star in the Channel Marketing WorldHow to Be a Rock Star in the Channel Marketing World
How to Be a Rock Star in the Channel Marketing World
 
71 places to find new clients for your accounting firm or bookkeeping busines...
71 places to find new clients for your accounting firm or bookkeeping busines...71 places to find new clients for your accounting firm or bookkeeping busines...
71 places to find new clients for your accounting firm or bookkeeping busines...
 
Service business synergy
Service business synergyService business synergy
Service business synergy
 

Más de Sankalp Computer & Systems Pvt Ltd

5 reasons to start a network marketing company in 2020-converted
5 reasons to start a network marketing company in 2020-converted5 reasons to start a network marketing company in 2020-converted
5 reasons to start a network marketing company in 2020-convertedSankalp Computer & Systems Pvt Ltd
 

Más de Sankalp Computer & Systems Pvt Ltd (14)

5 reasons to start a network marketing company in 2020-converted
5 reasons to start a network marketing company in 2020-converted5 reasons to start a network marketing company in 2020-converted
5 reasons to start a network marketing company in 2020-converted
 
Why MLM Software Is The Key To Successful Network Marketing
Why MLM Software Is The Key To Successful Network MarketingWhy MLM Software Is The Key To Successful Network Marketing
Why MLM Software Is The Key To Successful Network Marketing
 
Why Choose Ventaforce MLM Software?
Why Choose Ventaforce MLM Software?Why Choose Ventaforce MLM Software?
Why Choose Ventaforce MLM Software?
 
MLM Business Plan
MLM Business PlanMLM Business Plan
MLM Business Plan
 
Hit The Bulls Eye in Your Network Marketing Software
Hit The Bulls Eye in Your Network Marketing SoftwareHit The Bulls Eye in Your Network Marketing Software
Hit The Bulls Eye in Your Network Marketing Software
 
Top 5 MLM Business Tips for Beginners
Top 5 MLM Business Tips for BeginnersTop 5 MLM Business Tips for Beginners
Top 5 MLM Business Tips for Beginners
 
Twitter & Direct Selling Business
Twitter & Direct Selling BusinessTwitter & Direct Selling Business
Twitter & Direct Selling Business
 
Take App for Direct Selling Business
Take App for Direct Selling BusinessTake App for Direct Selling Business
Take App for Direct Selling Business
 
E-Wallet & MLM Software Solution
E-Wallet & MLM Software SolutionE-Wallet & MLM Software Solution
E-Wallet & MLM Software Solution
 
Features of the Ventaforce Network Marketing Software
Features of the Ventaforce Network Marketing SoftwareFeatures of the Ventaforce Network Marketing Software
Features of the Ventaforce Network Marketing Software
 
Attractive Features of any MLM Software
Attractive Features of any MLM SoftwareAttractive Features of any MLM Software
Attractive Features of any MLM Software
 
Myths & Facts for Network Marketing Business
Myths & Facts for Network Marketing BusinessMyths & Facts for Network Marketing Business
Myths & Facts for Network Marketing Business
 
Downline Building strategy in MLM Business
Downline Building strategy in MLM BusinessDownline Building strategy in MLM Business
Downline Building strategy in MLM Business
 
Ventaforce Product Brochure
Ventaforce Product BrochureVentaforce Product Brochure
Ventaforce Product Brochure
 

Último

Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptxGo for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptxRakhi Bazaar
 
Supercharge Your eCommerce Stores-acowebs
Supercharge Your eCommerce Stores-acowebsSupercharge Your eCommerce Stores-acowebs
Supercharge Your eCommerce Stores-acowebsGOKUL JS
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Peter Ward
 
NAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors DataNAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors DataExhibitors Data
 
Technical Leaders - Working with the Management Team
Technical Leaders - Working with the Management TeamTechnical Leaders - Working with the Management Team
Technical Leaders - Working with the Management TeamArik Fletcher
 
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...SOFTTECHHUB
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationAnamaria Contreras
 
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...Operational Excellence Consulting
 
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024Adnet Communications
 
Onemonitar Android Spy App Features: Explore Advanced Monitoring Capabilities
Onemonitar Android Spy App Features: Explore Advanced Monitoring CapabilitiesOnemonitar Android Spy App Features: Explore Advanced Monitoring Capabilities
Onemonitar Android Spy App Features: Explore Advanced Monitoring CapabilitiesOne Monitar
 
business environment micro environment macro environment.pptx
business environment micro environment macro environment.pptxbusiness environment micro environment macro environment.pptx
business environment micro environment macro environment.pptxShruti Mittal
 
Jewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource CentreJewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource CentreNZSG
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMVoces Mineras
 
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxThe-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxmbikashkanyari
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdfShaun Heinrichs
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdfShaun Heinrichs
 
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...Hector Del Castillo, CPM, CPMM
 
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdftrending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdfMintel Group
 

Último (20)

Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptxGo for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
Go for Rakhi Bazaar and Pick the Latest Bhaiya Bhabhi Rakhi.pptx
 
Supercharge Your eCommerce Stores-acowebs
Supercharge Your eCommerce Stores-acowebsSupercharge Your eCommerce Stores-acowebs
Supercharge Your eCommerce Stores-acowebs
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...Fordham -How effective decision-making is within the IT department - Analysis...
Fordham -How effective decision-making is within the IT department - Analysis...
 
NAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors DataNAB Show Exhibitor List 2024 - Exhibitors Data
NAB Show Exhibitor List 2024 - Exhibitors Data
 
Technical Leaders - Working with the Management Team
Technical Leaders - Working with the Management TeamTechnical Leaders - Working with the Management Team
Technical Leaders - Working with the Management Team
 
The Bizz Quiz-E-Summit-E-Cell-IITPatna.pptx
The Bizz Quiz-E-Summit-E-Cell-IITPatna.pptxThe Bizz Quiz-E-Summit-E-Cell-IITPatna.pptx
The Bizz Quiz-E-Summit-E-Cell-IITPatna.pptx
 
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
How To Simplify Your Scheduling with AI Calendarfly The Hassle-Free Online Bo...
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement Presentation
 
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
The McKinsey 7S Framework: A Holistic Approach to Harmonizing All Parts of th...
 
TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024TriStar Gold Corporate Presentation - April 2024
TriStar Gold Corporate Presentation - April 2024
 
Onemonitar Android Spy App Features: Explore Advanced Monitoring Capabilities
Onemonitar Android Spy App Features: Explore Advanced Monitoring CapabilitiesOnemonitar Android Spy App Features: Explore Advanced Monitoring Capabilities
Onemonitar Android Spy App Features: Explore Advanced Monitoring Capabilities
 
business environment micro environment macro environment.pptx
business environment micro environment macro environment.pptxbusiness environment micro environment macro environment.pptx
business environment micro environment macro environment.pptx
 
Jewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource CentreJewish Resources in the Family Resource Centre
Jewish Resources in the Family Resource Centre
 
Memorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQMMemorándum de Entendimiento (MoU) entre Codelco y SQM
Memorándum de Entendimiento (MoU) entre Codelco y SQM
 
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptxThe-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
The-Ethical-issues-ghhhhhhhhjof-Byjus.pptx
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf
 
1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf1911 Gold Corporate Presentation Apr 2024.pdf
1911 Gold Corporate Presentation Apr 2024.pdf
 
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
How Generative AI Is Transforming Your Business | Byond Growth Insights | Apr...
 
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdftrending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
trending-flavors-and-ingredients-in-salty-snacks-us-2024_Redacted-V2.pdf
 

7 KEY CONSIDERATIONS YOU MUST KNOW BEFORE STARTING YOUR OWN MLM BUSINESS

  • 1. 7 KEY CONSIDERATIONS YOU MUST KNOW BEFORE STARTING YOUR OWN MLM BUSINESS https://www.ventaforce.com
  • 2. 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 PRESENTATION FEATURES WHAT WE WILL COVER TODAY https://www.ventaforce.com
  • 3. 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 https://www.ventaforce.com MLM Software
  • 4. Here are the 7 key considerations you need to know before starting off. These considerations are intended to give you a reality check before you make investments. https://www.ventaforce.com
  • 5. INDUSTRY EXPERIENCE 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. https://www.ventaforce.com
  • 6. https://www.ventaforce.com 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
  • 7. 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
  • 8. INDUSTRY EXPERIENCE 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. https://www.ventaforce.com
  • 9. https://www.ventaforce.com TIP: If you are unwilling to slog, you are bound to flop. MLM business needs people who could lead from front.
  • 10. https://www.ventaforce.com 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
  • 11. 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! https://www.ventaforce.com 6: COMPENSATION/COMMISSION PLAN
  • 12. INDUSTRY EXPERIENCE 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. . https://www.ventaforce.com
  • 13. https://www.ventaforce.com TIP: You need not dwell much into R&R, checkout the leading companies & customise as per your needs.
  • 15. Let's connect on social! https://www.facebook.com/ventaforce FACEBOOK https://twitter.com/ventaforce TWITTER https://www.instagram.com/ventaforce INSTAGRAM https://www.ventaforce.com
  • 16. KEEP IN TOUCH HOW 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 sales@sankalpcs.com EMAIL ADDRESS Landline: +91-20-41062333 Mobile: +91 9881748645 PHONE NUMBER
  • 17. THANK YOU FOR YOUR TIME! HOPE TO WORK WITH YOU SOON! https://www.ventaforce.com