Gaining Experience in MLM – Possess it or Buy it?

Charity — Fri, 22 Feb 2013 19:16:39 +0000

This blog post is the companion post to the video: You Must Possess or Buy MLM Experience. The following is the transcript of MLM Attorney Jeff Babener’s own words.

Hi, I’m Jeff Babener of MLMLegal.com and I would like to talk to you today about MLM business experience. Do you possess it already or should you buy it?

Multilevel marketing is not just any business. It is not retailing, franchising, e-commerce, the internet, or .com selling.

Multilevel marketing, under all its names: direct selling, network marketing, direct sales, party plan, and multilevel marketing, is a unique beast. To launch this business you must have a substantial background in direct selling and be well grounded.

There are written and unwritten principles. If you know your product and you have a passion to bring it to the public, but you lack industry experience, then you must buy that experience. You may hire key employees in such positions as CEO, COO, sales, marketing, customer service, and distributor relations, etc. The payroll will add up fast, and unless your capitalization can sustain the ongoing cost, you should seriously consider outsourcing the solutions for this type of expertise.

The first suggestion that I would make is for you to consult with you MLM attorney, who is familiar with the best resources in the business. Such established industry experts in areas of MLM startup implementation, compensation plan design and software selection are often invaluable assets to your business team. Above all, don’t launch your company without in-house or outsourced MLM business experience.

Wishing you the best in your MLM business, I’m Jeff Babener.

For additional information on gaining experience in the MLM industry visit www.mlmlegal.com and www.mlmattorney.com, or visit the following links:

MLM Corporate Startup Essentials: Part II of III

Experience Counts

How Much Does it Cost to Start a MLM Company?

Choosing the Right Product for Your Direct Selling Company

MLM Executives Must Raise Capital in Order to Recruit Key Distributors

MLM Pyramid Schemes – Everything You Need to Know All in One Place

Are you Starting a MLM Company?

Starting and Running the Successful MLM Company Conference – May 16th & 17th, 2013

Why You Should Trademark Your MLM Company Name

Creating Clear Agreements Between MLM Company Owners

Recruiting Advice from an Industry Expert – The MLM Fairytale “Network Marketing and Frogs”

Learn What is Needed to Recruit Top-Selling Distributors for Your MLM Company

Make sure to visit our blogs for the latest information on the direct selling industry: MLMLegal Blog Home and MLM Attorney Blog Home. HINT: Chose a category to narrow your search for discussion topics!

Find us on our social networks:

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And, as always, visit MLMLegal.com, the best MLM resource on the web. The next Starting and Running the Successful MLM Company Conference is quickly approaching! On May 16^th and 17^th, 2013 we are hosting the MLM Conference for the 25^th year! This is now our 64^th annual conference (held almost consistently three times per year over the last 24 years). All executives/owners of MLM, direct selling, network marking, and party plan companies are welcome to attend. This is the original MLM Startup Conference, hosted and perfected by direct selling industry expert, MLM Attorney Jeff Babener. Call 503-226-6600 or 800-231-2162 to register. (Can’t make this event? Keep a look out for the October and February conferences as well! Call our office to register today!)

Visit us at www.mlmlegal.com to learn more.

Who Should be the First Key Employee that a Company Should Hire?

Charity — Thu, 06 Dec 2012 21:22:48 +0000

Who should be the first key hire for a MLM company? This is a question often asked by company owners. And, usually companies are started by one or two individuals. In a way, you are your own first key hire, but you are not really hiring yourselves. You are sweat equity. When you have sufficient funds to go out and hire, the question is, “should we hire somebody to run operations?” If you have recruitment capabilities, then an operations individual may be your first hire. However, frequently recruitment capabilities are limited. Therefore, it is more likely you may hire a VP of Marketing, because recruitment and retention is the driving force behind your business, and you may be somewhat capable of pushing through on initial operations. So, if things are going slow and you do have the capital, the first key hire will probably be somebody with substantial experience in the network marketing industry, such as a VP of Marketing in another direct selling company or a highly-successful distributor, somebody that works well with people. That person will probably be your first key hire with the next hire being an operations officer. Obviously, if you have sufficient funding, hire both simultaneously.

Watch this video to find out which other key hires are important for new startup MLM companies: Who are the first key hires for a MLM Company?

Or, read the biography of experienced MLM Attorney, Jeffrey Babener. And, read the articles “MLM Consulting: How to Build a Successful Direct Selling Company” and “The First Essential Hire for MLM Startup Companies” to find out how you can begin to start your own network marketing company.

Visit us at www.mlmlegal.com to learn more.

Key Hire – MLM, Network Marketing, Direct Selling News, Videos, Articles, Legal Updates, and More.

Gaining Experience in MLM – Possess it or Buy it?

Who Should be the First Key Employee that a Company Should Hire?