02/01/2007
MLM Break Away Compensation Plan| Will you need to speed?
MLM Break Away Compensation Plan is one of the oldest pay plan. Brenda illustrates with a story about her Aunt speeding down a road attempting to catch up...with the petal to the metal her Aunt struggles and finds it very difficult to catch up as someone is breaking away:
Do you know how a MLM Breakaway Compensation Plan works? The breakaway plan is structured so that as you work, bring people in, help them grow and build their business, you literally work your way out of a commission check.
As your "personally sponsored" grows their Network Marketing business, they break through company barriers so that as their check grows, yours decreases by the same amount. Basically in this MLM Company plan, you are paying your "personally sponsored" out of your commission check.
Your personally sponsored MLM Distributor may breakaway as they reach various levels. As this person reaches 30,000 for instance, they will make 10% more in their check and your check will decrease by 10%. You, the MLM expert, are working your way out of a large check.
Once that personally sponsored person reaches the same level you are, then you no longer earn a profit on them.
They literally “breakaway” from you and you earn no more commission on them, but your MLM Company does say that if you pass them, you’ll start earning commission off of them again. The generous Network Marketing Company you are with may or may not make a provision for you to retain a 1% or 2% for having brought them in to the company.
Click on MLM Compensation Plan to learn more about which compenstion plan is best for you.
I can tell you it isn’t that easy to catch up once you get behind no matter what your MLM Company tells you. I want you to understand this story and remember how fast my Aunt was driving to catch up to my 45mph speed demon Mom.
When I was a kid, my brother and I went regularly to visit my aunt and uncle in Vernon, TX . Once in a while we would leave something behind at their house. My aunt was a Mom and knew to continue to look around even as we were loading up the car to leave.
I think of this story every time I review MLM Compensation Plans. I remember watching in our rear view mirror as my Aunt raced up behind us. She pulled out of her driveway no more than two or three blocks behind us, and we were no more than four or five blocks ahead by the time she reached the first stop sign, but we had a lot of momentum! The speed limit was only 45 mph. My Aunt was driving 75 mph trying to catch up to us. We were on the outside edge of town by this time. We had not even reached 55 mph yet, and had been driving 45mph the vast majority of the time!!
My Aunt was out of the house right behind us, so why did she have to drive 75mph just to catch up? Once someone starts building momentum and then passes you on a roll, it is hard to catch up! Once your personally sponsored MLM passes you, it is NOT easy to catch up!
Do you understand my story? If you’re personally sponsored Network Marketer passes you building momentum of his own, it will be VERY difficult to impossible to catch up!
Next time a Network Marketing Distributor tells you, “Well, yes they can pass you, but it isn’t that hard to catch back up, think of my story.” It WILL be VERY difficult to IMPOSSIBLE to catch up if they are continuing to build momentum.
P.S. Arbonne is a big Network Marketing Company in Oklahoma right now. One of their distributors sat at my kitchen table explaining that I could catch up if I were passed by my personally sponsored MLM’S. All I could think about was my Aunt driving 75mph trying to catch up to us when she was only 2 blocks behind. Somehow I just couldn’t see it. I don’t belong to Arbonne.
Brenda D Bunney
Be A Mentor,Build Relationships,Help Others
405-612-0473
Skype: skypebunney
brendab@brightok.net
For more MLM tips visit: http://www.brendabunneymlm.com/
The good news is not all MLM compensation plan involve breakage. Please do your homework so you know what you are getting yourself into.
05:38 Posted in How to choose a MLM company | Permalink | Comments (1) | Email this | Tags: MLM compensation plan, mlm, compensation plan, MLM breakage compensation plan
04/03/2006
Network Marketing Tips - Learning from others
Learning from others can save us years of frustation and failure. Here are Network Marketing tips from one savy Network Marketer.
Network Marketing Success - When is Retreat a Victory?
I stayed with a great company for eight years before I realized that nothing I did would give me network marketing success in that company. I felt soooo guilty.
Instead of earning the money I expected, desired, and knew I deserved, I poured money into training, advertising, marketing tools, personal growth, etc. If only I could change myself, improve myself, increase my skills… I would be successful. Right!
Well, I did those things – and still wasn’t successful. I had a negative return. Don’t get me wrong – it is a great company with great products that I still like to use. But I cannot do the business! What is the matter with ME?
Well, through the Mentoring for Free program I found that there was NOTHING wrong with me. The company was wrong for me. It was and is wrong for me from the standpoint of business-building. After all, I am complete, perfect and whole just the way I am – Where is Mr. Rogers when you need him!
Needing to know what's what -
What were some of the things I found?
I often did not sell the products at the retail price
...click here to read more about her Network Marketing story
05:40 Posted in How to choose a MLM company | Permalink | Comments (0) | Email this | Tags: Business Opportunity
03/09/2006
MLM business – How to evalute the right opportunity for you?
As an entrepreneur in MLM you must understand a business model. It is essential to know how to evaluate the business opportunity and its product or service.
Be leery of the following:
Urgency, sign up now: A business model that creates urgency will disperse critical thinking. Think about that. There is so much hype, before you have a chance to evaluate the opportunity you have signed on the dotted line.
Pre launch: Many network marketers join pre launch or new start up companies to get in early. They believe first ones in equal bigger paychecks. Statistically, about 90% of network marketing companies end up filing bankruptcy in the first few years. Ouch, there goes your paycheck.
Forced Matrix: Some companies elude they will build your down line for you.
In love with the product: “I love this product and therefore everyone should love my product.” Some folks are married to their MLM companies. They are emotional involved and can not see past the obvious alarms of bad company management.
Selling a product or service that has no emotional attachment: Will your prospect buy from you next month or will you need to close them every time?
Emotional attachment is a big one.
I my opinion, people will continue to consume products that have to do with health, wealth and love or beauty.
For instance, during a financial crisis what products would you cut from your budget? A health product that helps maintains sugar level or a music CD for entertainment?
9/11 is a classic example. Money was tight for many folks. The travel industry suffered. Folks will stop traveling before they stop using a product that makes them look better or feel like a million bucks.
That’s what you call an emotional attachment.
Men will want health supplements to increase their stamina because they want to remain healthly. Women will want skin care products that makes wrinkles disappear because they want men to love them. We all want to look good and feel great.
So what is your intention of building your MLM business?
Is it to build it right and build it once so it can pay you and your children’s children for years to come?
My advice is to investigate the leaders in MLM Company. Read the Policies and Procedures. Ask yourself; is this the right timing in the company and the right time for the product? Is the product valued priced? Is your product consumable? Does your product have an emotional attachment? Does your up line have a system where they teach folks skills?...I mean real skills that include communication skills, internet skills and marketing skills. Is the compensation plan profitable and suited for your personality?
Do your research before jumping in MLM. It will save you years of failure and frustration. Build your MLM business on a solid foundation.
Monica
A mentor with a servant’s heart.
21:15 Posted in How to choose a MLM company | Permalink | Comments (1) | Email this | Tags: Business Opportunity
03/06/2006
MLM Network Marketing Secret - How to choose a Top MLM Company
Top MLM Network Marketing Company: What is the best MLM Network Marketing Company for you? The secret is out!
Everybody tells you that they are the best. They may even get you all jacked up with hype and lies. Have you heard them say 'you can make one million dollar in one week?'
You won’t hear this from me today. To have MLM Network Marketing success, you have to evaluate the opportunity, the sponsor and the team that you want to join. That's the secret!
I believe you should get the appropriate training before you even consider MLM Network Marketing as a business. Get an education before investing your hard earned money in a self proclaimed "best opportunity." It will save you years of frustration and failure.
You do not want to waste your hard earned money and pull your hair out afterwards.
My purpose is to teach you how to find the best company and sponsor for you. It is all about you.
A great company with a bad team or a bad sponsor = failure and frustration.
I am sure you have read the basics on how to evaluate network marketing companies:
1-Company duration in business
2-Products quality and exclusiveness
3-Compensation plan
4-Tools
I will skip this common knowledge; you can find it anywhere online.
Briefly, I will share with you secret tips on how to evaluate a MLM Network Marketing company:
1-Company integrity
2-Company management experience
3-Your sponsor personality color! (I am not talking about skin color)
4-Your team marketing knowledge
5-Compensation plans and your personality
6-Marketing plans
1-Company integrity
If you are looking for a top MLM Network Marketing company, don't you want to know who is in charge?
Why is this critical?
Let me tell you what happens every day in the Network Marketing industry.
Major distributors are terminated from their companies because they retired!
The company "leaders" do not like the idea that you continue to make money when you stop working.
If you have not heard these horror stories, I can tell you many.
Hint: typically those “leaders” and “founders” will remind you of their integrity!
I will teach you how to read their minds.
Obviously, you can do a Google search and find a third party review.
I will give you a more precise way to disclose their intentions.
It's easy, read the policies and procedures! The P&P will tell you!
The “leaders” and “founders” may have the intention to get rid of you and steal your check. In order for them to make it legal, they add poisons to their policies and procedures and then they make you sign it!
Unfortunately, many network marketers are honest nice guys; they join because they heard a presentation full of hype or because the company has a cool website!
How do they intoxicate their policies and procedures?
Rod Cook, the MLM watch dog guy, tells you never to sign any policies and procedures with more than 30 pages long. Is that simple or what? If you see 40 pages then you don’t need to read them. I promise you they have tons of poisons for you. I challenge you to go and check each self proclaimed "top network marketing company" policies and procedures. Some of those companies won't even give them to you until after you joined! Go figure.
They may disclose their intentions very obviously or in a subtle way. They will tell you that they have the right to cancel the compensation plan anytime and transform the company to direct sales company. A.k.a. your check and your distributor’s checks will disappear over night. Your dreams and your team’s dreams are flushed down the toilet. Most people are naive; they sign these policies and procedures without reading them. Do you believe that?
Those "leaders" may add tiny toxic words, such as continuous. The distributor has to continuously keep in touch with his team, be involved with continuous training and continuous sponsoring…The key word is continuous. In other words, they can terminate you as soon as you stop working, which means they won’t allow you to have a residual income. Hey, you signed it, didn't you?
Ask Jim Rohm about this tiny word. It cost him a quarter million of dollars! He will tell you not to sign blindly, take your team, read the contract and analyze it.
Actually, they may use an even better trick! They may replace the word continuous with the word ongoing...As far as I understand that means continuous.
What is your purpose of joining a top network marketing company?
Isn’t a proclaimed top network marketing company supposed to be a residual income business opportunity?
There are many other scenarios with different toxins. Do not sign anything you do not understand, get suspicious and ask for expert opinion.
2-Company management experience:
What do I mean?
If the leaders in a Network Marketing company have never been a distributor and never build a down line, how do you expect them to teach you!
Would you go to a marriage counselor who has never been married?
3-Your sponsor personality color:
Let me ask you a question:
Why would you want to join a top network marketing company if you have a bad sponsor?
Very briefly, if your sponsor is “red”, manipulator, ruthless, careless, he may get you terminated on purpose because of greed and ego!
Understanding personality types is very crucial in MLM Network Marketing; you should know your personality type and your prospect. I recommend you to check Mentoring For Free training. You will learn all about personalities completely free of charge. It is actually fun to learn.
4-Your team marketing knowledge and experience
That’s another biggie.
If your sponsor or your team doesn’t understand the basics of direct response marketing and internet marketing. If they do not know how to market, how do you expect them to teach you! You will be left wading in the mud by yourself. Not pretty.
I recommend checking out the quality of the training available from the company. Find out the tools they use.
Beware of proclaimed top MLM Network Marketing Company!
5-Compensation plans and your personality
This takes time to explain, I will explain it briefly. Most importantly, if the company compensation plan is based on “front loading” and “stair-step-breakaway” compensation plan, the only people who succeed are the hard selling, aggressive and ruthless people. This was the reason of leaving my prior company.
It doesn't matter if the company is considered a "Top MLM Network Marketing Company". There are many good network marketing companies but it may not be for you.
6-Marketing plan:
If this company marketing plan is based mostly on recruiting friends and family, or offline marketing, your are going to have hard time my Friend!
Your company or your team should teach you Internet Marketing. Otherwise, you will be going in circles.
I am sorry if I made it look difficult, but what would you rather do, investigate or join a self proclaimed top MLM Network Marketing company and waste your money?
Have questions on how to choose an MLM company that is right for you?
You may ask me if the company you are checking into is considered a top MLM Network Marketing company.
Aren't you looking for a MLM Network Marketing company that will lead you to success and give you a real residual income? The secret is out! The decision is yours.
Don't be fooled by the self proclaimed top MLM Network Marketing Company.
Educate yourself.
Monica
02:34 Posted in How to choose a MLM company | Permalink | Comments (2) | Email this | Tags: Business Opportunity