MLM Industry Experts Share Best Practices at "The Symposium"
Date: Sep 9, 09
Author: Linda O'Niones
Category:
URL: http://www.mlm.com//articles/view/mlm-industry-experts-share-best-practices-at-the-symposium/print
It's an industry statistic that 95% of new start-up MLMs fail. So, if you're a new MLM start-up or just thinking about it, learn what the top 5% who are successful are doing right at The Symposium, sponsored by a consortium of direct selling experts.
A poorly conceived commission plan can result in the kind of widespread distributor defection that stops a network marketing company dead in its tracks!
Mark Rawlins, InfoTrax Systems CEO
Understanding Multi-level Commissions and Their Role in a Successful Company
Any way you look at it, there’s a lot that direct selling entrepreneurs and executives have to learn to get all their ducks in a row to successfully run a company. To address this need, The Symposium Group was founded by a consortium of direct selling experts to provide MLM training and strategies for success to entrepreneurs interested in starting a company, as well as executives of start-up and existing MLM companies. Symposium is a bi-annual, two-day conference where industry experts from InfoTrax Systems; Grimes and Reese, P.L.L.C.; Dan Jensen Consulting; ByDesign Technologies; Axis 41; CCH; and others share their state-of-the-art, hands-on experience.
Here are just a few of this year’s Symposium highlights:
- Keynote address by Steven Tew, President of 4Life Research — “The 4 Life Story –-Learn From Their Successes, Avoid Their Mistakes."
- Guest Speaker Sharon Lecheter – Author of Think and Grow Rich – Three Feet from Gold and co-author of the Rich Dad, Poor Dad book series.
- Presentation by a top sales leader-"My Experience – "How I Became a Sales Leader."
- Best-practices presentations by industry leaders – Topics include launching, MLM compensation, legal requirements, recruiting, field sales force, growth, international expansion, retention, tax issues, Web 2.0, branding, and more.
- Insights into growing a network marketing company in a down economy.
- One-on-one consultations with industry experts.
- Networking with industry peers.
- Select resources to share with your team and much, much more!
Orville Thompson, Scentsy CEO, who initially attended Symposiums to learn the MLM ropes, said in his subsequent Symposium keynote presentation:
“When I was in your position, I kept asking the same question: What does a successful company look like? I had no idea what I was supposed to be looking like, because all there was were successful companies and then there were struggling companies. I wanted to understand the process. And, nobody could identify it, or they didn’t want to share it. Here at the Symposium Group and being connected through the Direct Selling Association--this is the way I’ve learned the fundamental principles of the structure of direct selling companies that are very invaluable! You can’t do it without tying yourself into vendors who know and company executives who have been there.”
Jerry York with ByDesign Technologies, a member of The Symposium Group, commented:
“One of the most important benefits to gain from the Symposium is that you get to network—get to know each other. Most attendees are either exploring the opportunity of getting into the business or have been in the business for a number of years. It’s interesting to see the resultant growth from the networking that goes on here.”
The Symposium Group is dedicated to “giving back” to the network marketing community through education at The Symposium. The next Symposium will be held April 26-27 in Salt Lake City, Utah. For further information, go to the MLM.com home page and click “Start-up”, or go to The Symposium Event. If you are a new start-up, you cannot afford to miss this – so register now! (To keep the group intimate for networking and one-on-one consulting time – seating is limited.)