Jun 28
If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting!
Would you know the Best MLM Compensation Plan Ever if you saw it?
What would it look like?
Something Simple? That would eliminate most of the new ones coming out. They are hard to figure sometimes just how good they may be. The simple ones, they can be figured out easily but most people still miss a lot because they don’t know what to look for and how it affects them. But the simple one’s usually don’t look so great to us.
How about a particular type? Binary, uni-level and more? No, that doesn’t do it. You can make any of them great by doing the right things with them. They can all be made to be horrible too.
But what makes one the best? The best for you. Are you the superstar or the newbie part timer? Does it matter?
Continue reading »
written by Don Standard
\\ tags: Best MLM Compesation Plan, MLM Compensation Plan, MLM Success, Recurring Income
Jun 13
Two days ago on, 06/11/2008, I did a post called, “7 Questions To Know About Your MLM Compensation Plan”. On 06/12/2008, I answered question one.
Now we are ready to tackle question #2 and it is another big one.
Question Two: How many active people do you need on your team to break even after all expenses just from your recurring income?
I have found the most common break even requirements to be between 20 and 60 active distributors.
Think about all the people you have ever sponsored or even came close to sponsoring. How many of those people have ever built a team of more than 20 people?
The first reason you need to know the answer to this question is because the more active distributors that are needed for someone to reach break even, the fewer people will get there to become successful. The higher the number goes, the higher the turn over rate is.
From question one we learned that the average MLM compensation plan will require 2000 distributors to make you $10,000 per month. If everyone who joins your team is successful, then you need 2000 active distributors to earn $10,000 per month. But what if only one half or successful. You still need 2000 active distributors but you had to have 4000 people join to find those 2000.
Continue reading »
written by Don Standard
\\ tags: 7 Questions, Best Chance For Success, Compensation Plan, Mentoring For Free, MLM Compensation Plan, Recurring Income, Relationships
Jun 12
Yesterday, June, 11th, I did a post on the 7 Questions To Know About Your MLM Compensation Plan.
Question #1 was:
How many active people do you need on your team to earn $10,000 per month in recurring income?
The average number of active team members a distributor needs in the industry seems to be around 2,000.
Can you imagine, you don’t know how many people you need, then one day you find out that you are in that company that needs 40,000 active distributors.
Continue reading »
written by Don Standard
\\ tags: 7 Questions, Mentoring For Free, MLM Comensation Plan, Recurring Income
Jun 11
No longer am I amazed by peoples lack of understanding of their chosen MLM company’s compensation plan.
What should you know about how your MLM compensation plan works? How many of these questions can you answer?
- How many active people do you need on your team to earn $10,000 per month in recurring income?
- How many active people do you need on your team to break even after all expenses just from your recurring income?
- Which team members do you get paid on, your “pay line”?
- What are the requirements to get paid?
- What are the requirements to get paid on all of your potential pay line?
- How much do you really get paid on retail sales?
- How does that infinity bonus work?
Continue reading »
written by Don Standard
\\ tags: 7Questions, Compensation Plan, MLM Compensation Plan, Pay Line, Recurring Income
Jun 11
Most people do not understand the difference between Linear Income and Recurring Income. I like to use recurring or passive income. Some people call it residual.
LINEAR INCOME
If you are like most people, you have to work for a living. If you don’t work you don’t get paid.
I will give you a couple of examples. First one is the bus driver, he drives his bus and when he is done driving his bus at the end of the day he gets paid for the time he drove the bus. If he does not drive the bus he does not get paid.
Another example, a brain surgeon. The brain surgeon goes to work and preforms his surgeries and when he is done for the day he gets paid for the surgeries. But if the surgeon is unable to work, do you think he gets paid? No.
So you would agree that both the bus driver and the surgeon are in the same boat. The size of the income is not the same but they are in the same situation. They work, they get paid. They don’t work, they don’t get paid.
RECURRING INCOME
The best way to discribe recurring income is that when you do something right the first time, you get paid over and over and over again for what you did.
Continue reading »
written by Penny Dude
\\ tags: Mentoring For Free, Policies and Procedures, Recurring Income
