How to Create Your MLM Company in 10 Foolproof Steps

Jul 28, 2014
multi-level-network-marketingMLM companies, or multi-level marketing, are hot business right now. Every business, regardless if they are start-up or generational-owned family businesses need marketing. While it seems like an easy thing to market, it can actually be tough to get together enough information and clout to start-u your MLM company. Below are ten foolproof steps to get your MLM dream off to a great start.

1:  Research your niche. Every MLM company should have a niche, or area of expertise. Go with something that is familiar to you, as it is easier to market off the cuff.

2:  Read. Read about successful MLM’s, as well as successful entrepreneurs, so you are prepared for the potential ups and downs that you will face.

3:  Compare. Compare existing MLM companies to gauge what you inspire for your company to be. Compare their services, and learn from them what will and will not work for your niche.

4:  Educate. Educate your peers, friends, and family about MLM marketing. Tell them that is it a legitimate online business, and not just a scam or “fly by night” business.

5:  Training. Check around for the best possible MLM training, either online or workshops in your area. While you may think that you know all you need to, there is always room for education when starting up a company. What you learn may surprise you, and you can end up with some great leads to other MLM websites, groups, and meet ups.

6:  Be motivated. Yes, it seems like common sense, but it should be stated. Business does not automatically come to you, and you need to get out and market your business, either in person, online, or via Facebook.

7:  Get an elevator speech. Everyone, regardless of business, needs an elevator speech to interest people in your business. Make it quick, concise, and interesting. Leave the conversation open for questions about your business.

8:  Patience. A successful business doesn’t happen overnight; in fact, it could take a few years before you break even. However, you must be patient and not lose hope quickly about slow business.

9:  Make something old new again. A great way to stand out is to create a product that sounds ground breaking, even if it really is not. It could be a hand lotion, or drink, or food. The main thing is that you need to garner interest in your product.

10:  Find a MLM merchant account. EMB, or eMerchantBroker.com, is the absolute best choice for an MLM merchant account. A merchant account allows you to accept plastic card payments, so it is an absolute must for your business.

Contact EMB to set up a MLM merchant account for your business today!

start

 

Let us help you get a MLM merchant account today!

Get Started

Award winning.

  • 2012
  • 2013
  • 2014
  • 2015
  • 2016

Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

Live Chat