Mlm Success Guide MRR Ebook

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TIPS TO DEVELOP APPROPRIATE COMPENSATION PLAN

As we have discussed earlier that Multi Level Marketing is simply a business model for moving products and services from production to the consumer using a network of inde- pendent distributors with a multi level commission payout plan. Since distributors can recruit other distributors and establish teams that work together, the pay out plan is a bit complex too. In any MLM company the basic key to drive the MLM marketing force in the required direction to produce the best results is the compensation plan. Commission plans or compensation plans are how MLM companies reward a distributor’s production that drives the distribu-tion channel to maximize profits.

BASIC COMPENSATION STRATEGY

It is essential to highlight that every company is different and each has different commission plans, some of which appear complex or complicated too. However the underlying compensation strategy has the following basic components.

Retail Commission: As the name implies retail commission is the commission allocated to motivate the marketer to generate sales. It is the commission that a marketer will be paid on the number of sales he makes to his customers. Sponsor Commission: The next component of an MLM compensation plan is the commission that is paid to a marketer for the sales generated by its downline hence it requires the marketer to focus on persuading and generating other sales rep for sales promotion. Companies who want to expand their marketing and distribution efforts usually pay better commissions to motivate their marketer to bring more sales reps to the company. Training Commission: Few companies also pay their marketers to train the sales reps down the line. These marketers basically act as leaders and have adequate experience, knowledge and skills to train the new staff.

In addition to the above components it is also important to mention that MLM is all about leveraged income that is a sales repre-sentative not only earn commissions on his own sales but he also earns commission on the sales generated by the people he has intro-duced, trained and recruit as sales rep. Also it is imperative for marketers to beware of the tactics some times unethically used by a few MLM companies by developing complex compensation plans. In the up coming chapters we will discuss MLM scams and frauds and means to avoid them.

HOW TO FIND A GOOD MLM BUSINESS

Although Multi-Level Marketing business has very sound opportunities and prospects of growth and success, however statics reveals that most of the people who enter this endeavor face though hurdle. A study reveals that almost eighty-five percent of the MLM companies fail within the first eighteen months. Hence for a person it is essentially vital to start this business prudently. Listed below are some guidelines to follow:

STEP I: INVESTIGATE THE COMPANY

It is critical for the success of a marketer to join a company that is sound and is viable to enter as a Multi-level marketer. Here are few points to consider: • Start with a well experienced company:

In order to enter into Multi-level marketing, it is usually wise to start with a well experienced company that has been in the business at least for three years or more. The reason behind is the company itself has surpassed the initial survival phase and now must be in the growth stage increasing your chances of success as a marketer.

• Opt for a Public Limited Company:

Well known and well established public limited companies are not only safer to enter but also you have high and easy access to the information regarding the company’s background, its people and its business and financial strength. It is also recommended to compare the salary or commission with the average sales of the company that will indicate you whether it is a good place to start with.

• Select a member of a business bureau:

It is always ideal to join a company that is a member of a business bureau or registered with the Direct Selling Association. This will not only ensures the company’s reliability but also you can make your complains to these organizations regarding any misconduct by the company.

• Investigate company’s track record:

Essentially important is to look at the company, see how it does business. Is it on ethical grounds? Check out its track record. Find out whether it has a stable track record and identify whether the compa-ny’s values match up with yours. It is essentially important for long term presence in the Multi-level marketing industry.

Other Details

- 1 Ebook (PDF), 55 Pages
- 1 Salespage (TXT)
- 5 Ecovers (PNG)
- Year Released/Circulated: 2020
- File Size: 2,908 KB

License Details:

[YES] Can be sold
[YES] Can be used for personal use
[YES] Can convey and sell Personal Use Rights
[YES] Can convey and sell Resale Rights
[YES] Can convey and sell Master Resale Rights
[YES] Can be packaged with other products
[YES] Can modify/change the sales letter
[YES] Can put your name on the sales letter
[YES] Can be added into paid membership websites
[YES] Can be offered as a bonus
[YES] Can be used to build a list
[YES] Can print/publish offline
[NO] Can be given away for free (must get at least an email)
[NO] Can be added to free membership websites
[NO] Can convey and sell Private Label Rights