One Minute Startup Tips for MLM Companies - Part II

One Minute Startup Tips Continued



MLM: AN OVERVIEW OF AN EXCITING INDUSTRY



MLM consultant practice tips: The following tips are geared to help answer quick questions that are often asked by MLM companies. To summarize, in the MLM startup company, MLM sales tax issues must be addressed to avoid liability for taxes and penalties. Nexus for MLM Sales and Use Tax represents a unique analysis that involves activity by distributors in promoting, recruiting and training in a state. MLMLegal.com and Babener and Associates provides expert MLM consulting advise on MLM corporate, MLM software, MLM compensation, MLM taxes, and much more. MLM consulting is an important component for MLM startup. Careful choice of MLM software is another component of MLM corporate development. A qualified MLM consultant and MLM lawyer is a vital part of the MLM startup team. MLM compensation must be reviewed by a MLM consulting and by a qualified, experienced MLM attorney.


Proper MLM capitalization (funding) is essential to the MLM startup and MLM corporate business. The need for capital is in inverse proportion to the ability of the MLM company to recruit key distributors. MLMLegal.com and Babener and Associates provides expert MLM Consulting advice on how to start and run a direct selling company.


Excerpted from the book Network Marketing: What You Should Know book, Jeffrey Babener, Legaline Publications.



Three-Way Calls and Presentations The A-B-C's of Success

Introduction

Big-Time Results

The ABC Game Plan

Use and Misuse

Preparation... Again


Opportunity Calling...Making Team Conferencing Pay Off

Introduction

Designing a Conference Call

Timing It Right


Co-op Advertising: Getting the Word Out

Introduction

The Benefits of Co-op Advertising

Company Support

The Follow-Up Package

What About the Cost?

...And the Results?

Is Co-op Advertising for You?


Network Marketing Through Mail Lists

Introduction

It Works... But It's Not Simple

List Sources

Important Questions to Answer

The Introduction Letter

Climbing the Stairway to Mail Order Success


TV and Radio Networking: No Business Like Show Business?

Introduction

The Price of Exposure

Making It Work


Big Profits From Nonprofit Networking

Introduction

A Quick Look at How It Works

Avoiding Taxes and Tax-Exempt Status Problems

Be Safe - Not Sorry


Long Distance Sponsoring: Reach Out and Recruit Someone

Introduction

Choose wisely

Create a system

Agree on responsive commitments

Establish a long distance sponsoring budget

Get some support from your company

Make sure the company training program supports long distance growth

Build in geographical areas supported by your company

Focus on areas where other successful distributors are located

Provide the personal touch


Zero In on the Hot Markets

Introduction

Part-Time Workers - Hungry for More

Boomers Ripe For Network Marketing

Big Opportunities in the Hispanic Community


An Important Marketing Truth: Retention Beats Recruiting

Something to Think About

The First-Year Hurdle


MANAGING YOUR BUSINESS: Networking and Time Management

Introduction

General Principles for Your Specific Business

Making Your Own Customized Day Planner

Contacting Prospects

Warm Market Presentations

Cold Market Presentations

Downline Maintenance

Time Planning and Accounting

Take Time to Make Time


Taxes and the Network Marketer

Introduction

No Hobby Losses, Please!

Meals and Entertainment

The Home Office Deduction

Ordinary Business Expenses

The Traveling Networker

Business Gifts

All Those Forms

Computers, Automobiles, and Capital Assets

Record Keeping - The Name of the Game

Is It All Worth It?


You Too Can Incorporate

0. Introduction

1. First, Get Yourself to a CPA

2. Corporate Name

3. Corporate Structure

4. Shareholders

5. Shareholder Agreements

6. The Buy-Sell Agreement

7. Planning for Future Shareholders

8. Capitalization

9. Board of Directors

10. Corporate Housekeeping

11. Key Employees

12. Employee Plans

13. Chapter S or C or LLC?


Networkers on the Information Highway

Introduction

A People Business... A Numbers Business

What's Available to You?

Making the Numbers a Management Tool

Tracking Success Indicators

Charting the Numbers

Your Call to Action


Networkers and Credit Card Fraud - Be Careful!

Introduction

A National - and Personal - Problem

Fighting Back

When Lost or Stolen






Other Pages of Interest

MLM Law Library

MLM law in 50 states, IRS Publication 911, the MLM Textbook, as well as a comprehensive index of articles on the direct selling industry.

read more »

Power Index

The library is full of articles, case studies, statutes and other material useful as a resource to those interested in network marketing. This index is designed to help you find information on a category-specific basis.

read more »

MLM Article Directory

Browse hundreds of articles on distributor education, MLM company ownership, the legal environment, and so much more. View some of our most popular articles on the FTC, Vemma, Herbalife, and Burnlounge.

read more »

Key Pages to Visit While You're Here

  1. The MLM Startup Conference

    Register Today for the MLM Startup Conference

    For Startup and Existing MLM Companies

    Register Today!
  2. Free MLM Startup Manual

    Free MLM Startup Manual

    Starting and Running the Successful MLM Company manual

    Get Your Copy Today!
  3. MLMLegal HomeMLMLegal.com

    The Best MLM Resource on the Web

    Jeff Babener - MLM Expert Attorney & Business Advisor

Follow Babener & Associates on our social networks. Stay current on legal news, cases, videos, and articles. Contact us today!

About 28 minutes ago