The Do’s and Don’ts of Switching Companies for Network Marketers

Key Considerations Before Making the Switch

Switching companies in network marketing is a big decision, and it's important to do it right.

If you're feeling uncertain about your current situation, it's essential to evaluate any new opportunities thoroughly before making a move.

This is your chance to hit the reset button, so let’s make sure you do it thoughtfully.

First, take time to research the new company.

Understand its position in the market, the quality of its products or services, and whether it has the potential to generate consistent, monthly customers.

Ask yourself: Is this a company that aligns with your goals and can support your revenue needs?

Next, consider the company’s stability.

Look into its financial health—has it successfully navigated the first five years of operation?

This period often involves significant growing pains, so it’s crucial to see if the company has come out stronger on the other side.

Additionally, investigate the leadership team and their track record in the industry.

Strong, experienced leadership is a good indicator of future success.

Another critical factor is the compensation plan.

Compare it with what you currently have. Is it more favorable?

Does it offer a fair structure for both you and your team? For example, if you're currently in a binary structure, evaluate whether the new plan provides better opportunities without hidden catches that could affect your long-term success.

Finally, consider the company’s team system.

Does it align with how you want to build your business? If the company still relies on outdated tactics like spamming on social media, sending cold messages, or hosting home parties, it might not be the right fit.

Look for a system that feels good to you and is congruent with modern network marketing practices, especially those that leverage social media effectively.

By carefully considering these factors, you'll be in a better position to make a move that benefits both you and your team in the long run.

Handling the Transition Professionally

When it comes to switching companies in network marketing, handling the transition with professionalism is key.

The first step is to thoroughly understand the terms and conditions of your current agreement.

You signed a document when you enrolled, and it’s crucial to go through it carefully.

Check if there are any legal requirements, like giving notice or other obligations, before making your move.

Once you’ve made your decision, it’s important to communicate openly with your current company and your downline.

Remember, you don’t actually own your downline or your customer base.

While many people may have joined the company because of you and might want to follow you, it’s essential to approach this delicately.

Instead of making a broad announcement, consider having one-on-one conversations with each member of your downline.

Explain your decision, the reasons behind it, and where you’re headed.

Make it clear that there’s no pressure for them to join you in your new venture.

Whether they choose to stay or come along, you’ll support their decision.

It’s also important to continue supporting customers who love the products from your previous company.

Encourage them to keep using the products if they wish, even if you’re no longer affiliated with the company.

This shows integrity and respect for their choices.

Finally, plan your transition meticulously.

Don’t make decisions based on emotions alone.

Develop a strategy with clear timelines and milestones for your move.

If possible, avoid recruiting directly from your old team—it’s the most ethical approach.

While some people will naturally follow you, having a well-thought-out plan will make the transition smoother for everyone involved.

This process is not for the faint of heart, especially if you have a large team, but with the right plan, it can be done successfully.

Maintaining Integrity and Relationships

When switching companies in network marketing, it's essential to maintain momentum by keeping your team motivated and engaged throughout the transition.

This helps prevent disruptions in their performance and ensures a smoother shift.

Every company has its own rules, so be sure to understand the specifics, especially regarding what you can and cannot do with your recruits.

In our experience, some team members may follow you to the new company, while others may choose to stay behind.

It's crucial to respect their decisions and maintain a positive relationship with them regardless of their choice.

Maintaining relationships is vital.

Some people on your team may be deeply invested in the company they’re with, and it's important to respect their commitment.

Avoid conflicts with your former company and its representatives by keeping things professional.

Remember, moving companies might not always be easy.

Sometimes, there are legal challenges, and you might face resistance, but it's important to do what feels right for you.

Work through these challenges carefully, and always keep your integrity intact.

Leverage your network to build relationships within the new company while gaining support from existing members.

However, be careful not to poach downlines from your previous company.

If someone from your old downline approaches you about joining your new venture, be gracious and encourage them to make the best decision for themselves, even if that means staying where they are.

You don’t want to earn a reputation as a poacher—it’s a label that’s hard to shake.

Lastly, stay ethical and compliant throughout the transition.

Adhere to all legal guidelines, respect any non-compete clauses, and leave behind any systems or confidential information that your previous company owns.

By doing so, you protect your reputation and ensure a smooth transition to your new opportunity.

The Don’ts of Switching Companies

When it comes to switching companies in network marketing, there are several pitfalls to avoid if you want to maintain your reputation and keep relationships intact.

First and foremost, don’t burn bridges.

It’s easy to let emotions take over when leaving a company, but resist the urge to criticize your previous company or upline.

Negative comments, passive-aggressive posts, and public drama only harm your reputation.

People don’t want to join or follow someone who’s caught up in negativity.

Instead, maintain your professionalism, speak positively, and focus on the future.

The grass isn’t always greener on the other side, and you never know when you might want to circle back.

Another key point is to do your due diligence.

Don’t rush into a decision based on hype or emotions.

Take the time to fully investigate the new company’s credibility, financial health, and market potential.

Ask questions and look beyond surface-level testimonials to avoid making assumptions that could lead to disappointment.

Avoid overpromising when recruiting others.

It’s easy to get caught up in the excitement of a new opportunity, but be realistic about what the new company can offer.

Overhyping the benefits can lead to buyer’s remorse and a quick exodus of your team if expectations aren’t met.

Finally, don’t disregard training and support.

Make sure you understand the new company’s systems and that your team will be well-supported during the transition.

Branding yourself rather than the company is crucial—people join people, not companies.

Ensure your personal brand remains strong and independent of the company you represent.

By avoiding these common mistakes, you’ll set yourself up for a successful transition.

Want To Accelerate Your Business?

If you want more help on attracting your perfect prospects to you with ease, check out our Social Recruiting Secrets course today!