What to say when someone tries to recruit you into their network marketing company
If you interact with people at all or have a Facebook account, you've most likely been asked to get involved with a network marketing company. I've been involved with network marketing for the better part of a decade, so I know a little bit about this. ;) I love network marketing. I love working directly with people! But, not all network marketing companies are created equal. Before you dive into a network marketing company, please do your research. That said, let me tell you what to say when someone tries to recruit you into their company.
What goes into choosing a network marketing company?
Well, you're basically going to interview them and ask them questions about their company, just like you would for any other legit job.
Here are the the questions you need to be asking:
- What kind of money are you making?
- Note: If your friend is new to the company, this isn't really a fair question to ask. I would change it up a bit and ask who they are working with that is successful and what is their recipe for success?
- What kind of money can be made in this company?
- What is the average payout for the top ranks?
- How many people are hitting those top ranks?
Now, it wouldn't be fair for me to pose these questions without answering them myself, right? So here we go. #vulnerability
What kind of money are you making?
I am making more than a half million a year just through my involvement in network marketing. If you look at the graphic below, you'll see that I am a Blue Diamond. I've worked incredibly hard to get to this point (and I'm still working hard!) but I honestly cannot believe this is my life. doTERRA has taken me to financial places I only daydreamed about just a few years ago.
What kind of money can be made in this company?
Entry-level Wellness Advocates with the rank of Consultant, Manager, Director, and Executive earn from $350 to $1,370 annually in commissions and account for 17 percent of all doTERRA members. At the mid-level ranks of Elite and Premier (4 percent of all doTERRA members), Wellness Advocates learn about participating in doTERRA as a business and are almost always building a business on a part-time basis. Average annual earnings for these ranks range from $3,650 to $8,900 per year.
What's the average payout for top ranks?
The highest levels in the commission plan are the leadership ranks (approximately 0.5 percent of all doTERRA members). The 2016 average annual earnings for these ranks are shown in the following chart. Within these ranks are some doTERRA members that conduct business on a full-time basis. This chart shows the rank, the average annual earnings of Wellness Advocates paid at that rank during 2016, and the percent of people within these leadership ranks who were paid at that specific rank in the United States.
If you're already involved in network marketing, what questions did you find beneficial as you researched your company? I'd love to add to this list! Comment below!
If you're considering a move towards network marketing, what questions have been swimming around in your brain? Let's throw those on the list too. Leave me a comment and we will get it added!