From years of experience, we know that most people starting an MLM company don’t understand and at the very least, underestimate the importance of finding and working closely with the right merchant processor and more importantly, bank.
A year ago, I wrote an article called, Get GDP or Get Fined 20 Million Euros, where I warned about the European Union targeting companies.
The Importance of CollaborationAristotle once said that, "the whole is greater than the sum of its parts." While you may not be up on BC era philosophy, this is a valuable lesson for business owners and entrepreneurs alike. A team working together in harmony can accomplish much more than a bunch of individuals doing their own thing. If you run a business with employees, outside agents, or individual distributors, getting them to work together is one of
What is a Mentor?Everyone needs good mentors along life’s journey. Their guidance can make all the different between success and failure. A mentor is someone that is a wise and trusted adviser that has traveled the journey that you are navigating. The mentor can be young or old but has certain areas of expertise that will foster learning and development of the mentee.Value of a Good MentorThroughout my life, I’ve been blessed to have associated with some
If you’ve ever wanted to change your network marketing or MLM compensation plan, you’ll quickly realize that doing so is a cautious exercise that involves part art and part science. Change it too often or too drastically and you could run the risk of losing your whole company. Refusing to change when change is needed can also put you at risk.There are a million ways for your business to die in the network marketing space but those
The Next 4 Speed Killers From The First 3 Speed Killers... Entrepreneurs are often consumed with the idea they're losing business everyday they are not launched. This thought track can often derail an otherwise great business or product launch. In the rush to get launched, companies can overlook or be under-prepared for many important aspects of their business. At the same time, overthinking and indecisiveness can be just as detrimental to a quick and successful start
I’ve been in the direct sales industry for over 30 years now and love it. Sure, it has its ups and downs, rewards and failures and emotional highs and lows, but looking back, I wouldn’t change my involvement, experiences or acquired knowledge from this industry for anything.If there is one lesson that I’ve learned from all those years, it’s summarized perfectly by one of the world’s most proficient men, Mark Twin, who said,“I am an old man
A 15 Minute Read that May Save Your Business Seven Things You Can’t Ignore When Starting a Multi-Level Marketing Company By: Preston Stewart Although there are many things that go into and help sustain a direct sales company, here are seven things that are crucial. Ignore any one of these and your business may fail! I have included real-life experiences from the over 20 years in the direct sales industry and no, I am not making
Having spent more than 15 years in the network marketing industry (both on the corporate side and MLM software side), I’ve learned a thing or two about what makes an effective company launch or a successful marketing initiative that requires custom software development. All too often, I’ve seen situations where we shoot for perfection. From a systems standpoint, we somehow convince ourselves that we need every innovative and awe-inspiring feature imaginable or we will simply not
Over the last couple of years, we have been pushed by most of our clients to develop mobile applications - mostly for the shopping experience. Although we’re happy to oblige, we also feel that it is our job to help keep companies focused on what really matters – sales. Yes, trends and market swings are important to watch, especially when they become mainstream, but all too often, we see companies throw thousands and even hundreds of thousands