The Compensation Plan Question You Must Get Answered
Compensation Plans! Razzle Me! - Dazzle Me! - Baffle Me!
They'll Need Trucks to Deliver my Cash! - My Sponsor Said So!
When you signed off on your MLM contract (What You Should Know About Policy Guides)
You also acknowledged that you understood your compensation plan.
And in fairness, at that moment, you thought you did. Until everybody who explained it to you, went away, and you had to explain it to your spouse. Now it just didn't seem so straight forward anymore.
What's that you say? You understand your comp plan? Congratulations! You are in the top percentile of network marketers. You deserve a prize.
It's fantastic that you understand - exactly how many people you need to bring in to your business, in order to make your income target. That's great! Give yourself a pat on the back.
What's that you say? You're not sure about the "how many people thing"?
Well, don't feel bad. Most MLM'rs don't know this. They may think they do, but, they also don't know why they cannot out-recruit their attrition. This unknown number is a huge factor if you are trying to recruit faster than your recruits leave.
MLM is not a numbers business it's a people business, but...
This Number Matters!
This number will determine how hard you'll work, AND, the level of success you and your team will experience, or IF success is even possible.
Knowing it will explain a lot of your frustrations. It may not make you happy, but, if you're struggling, you're not happy anyway.
Don't be discouraged. It will serve you well to know the number for your compensation plan, or any other plan you might be considering. Yours might be the best one.
Grab a tasty beverage, sit back and have a listen. The explanation is on audio.
They'll Need Trucks to Deliver my Cash - My Sponsor said So!
The trucks never showed up. The only thing that arrived was a check so small it couldn't cross the street alone.
Here's Some Truth!
The 5 Pillars Explanation. Comp plans are 1 Pillar.
Your lack of Success is not your fault.
Reader Feedback -
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- Irma_White Irma_White Jun 12, 2008 @ 3:30 pm
- You are so right, Hugh, most people can't don't have the answer to the 10K question. But, knowing the answer definitely determine how hard (and how long) they will have to work to achieve their income goals. Although mlm is a people business, the number DOES matter.
Thannks,
Irma
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- Karen_Miller Karen_Miller Jun 7, 2008 @ 7:14 pm
- Very good topic...something every MLM business person needs to understand!
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- freesuccessmentoring freesuccessmentoring May 12, 2008 @ 5:41 am
- Good work and important info... if more people took the time to really understand and read their policies and procedures file they would not be such easy victims for not serious companies.
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