Archive for the ‘Network Marketing’ Category

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Show Me The Money – Network Marketing Compensation Plans Compared!

Posted by Jordan | Posted in Business, Entrepreneur, Network Marketing | Posted on 02-18-10

Are you that person that wants to head for the hills when someone tries to explain a Network Marketing compensation plan to you?  For the non-experienced individual this might be the case because they can be very complicated and difficult to understand.  But as far as I can tell, there are basically three or four compensation plans, as well as, some variations or hybrids to each of these plans.

1.  Based on my research and understanding, approximately 90% of network marketing companies have the “Stair-Step- Breakaway” compensation plan.  With this plan when your team members become leaders and are making as much as you are, they are allowed to breakaway from you and start building a team of their own.  As they breakaway, they will begin to earn a larger commission for themselves.  Then you begin to rebuild more leaders from your new team members. This cycle is repeated over and over again.  This type of plan requires the constant rebuilding of leaders, therefore, requiring a lot of coaching and training to each new group of leaders.  It could make you think that you do not want to help your team member become as successful as you are, because they will just breakaway from you once they are.

The “Stair-Step-Breakaway” compensation plan only allows you to build one level.  There is no limit as to how wide you build; however, you do not have a teamwork atmosphere when all team members are on your first level.  Amway, Nu-Skin, and Herbal-Life, uses this type of compensation plan or a variation of it.

2.   A “Binary” compensation plan builds two teams or legs.  However, with the original “Binary” plan it washes out the totals of Team A and Team B at the end of each month and does not carry any volume over any to the next month.  Also, in the original “Binary” plan, if your Team A and your Team B volumes do not match at the end of the month, you don’t get paid.  Ex: If your Team A volume is $8,000 and your Team B volume is $10,000, you either have to buy product to get Team A up to $10,000, or you don’t get a check.  Usana, Synergy, Mona Vie, uses this type of compensation plan or a variation of it.

3.  The Unilevel compensation plan only allows you to sponsor one level of distributors and there are not any limits set on how wide you can build.  This plan, like the “Stair-Step-Break-Away,” does not encourage teamwork because of the first level structure.  This plan works best if you are able to recruit a large number of distributors on your frontline and then have your frontline do the same.  Tahitian Noni, Sportron, Xango, Unicity, uses this type of compensation plan or a variation of it.

As you can see there are many things to consider when choosing a network marketing company.  It is important to have the compensation be fair and be something you feel you can succeed in.  However, it is important to have a product that you can put your name behind along with leaders who are ethical.  By weighing all of these factors and making an educated decision, you will have a good chance of becoming successful with which ever Network Marketing company you decide to join.
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MLM Ready Or Not? – Time Will Tell

Posted by Jordan | Posted in Home Based Business, Network Marketing | Posted on 02-03-10

The network marketing business has many perceptions by the public. A lot of people feel it is something that “everyone has tried and few have been successful,” and that may be so. However, regardless of the many perceptions, it is important to point out that it is a business that is simple, but not easy!

The simplicity is in the fact that once you find the right company (not always simple), and start to implement the system (hopefully they have something that can be duplicated) and you can be coachable you are on your way. But, that is about when it starts to fall apart for the majority of the people. The majority of the people expect to be that guy or gal in the video making thousands of dollars a month within the first few months. This is kind of a lottery mind-set. In reality, it will be taking them 2 – 5 years if all the necessary components come into convergence. Read the rest of this entry »

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Lead Generation Mastery for Newbies

Posted by Jordan | Posted in Financial Freedom, Home Based Business, Network Marketing | Posted on 01-16-10

Are you an internet marketing newbie who’s having trouble generating sufficient leads for your business? Well you’re not alone… in fact most MLM’ers and internet marketers encounter this problems when beginning their businesses, and most actually never find the solution.

The main problem (other than lack of effort) is that most people simply don’t take the right approach. When you begin your business and you’re hit over the head with all the different marketing options out there for you it can be overwhelming, and you might feel the need to try every lead generation method out there… well don’t! This is where most people go wrong.

DON’T SIGN UP FOR ANYTHING UNTIL YOU KNOW WHAT YOU ARE DOING!…… Read the rest of this entry »

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What American Dream?

Posted by Jordan | Posted in Financial Freedom, Home Based Business, Network Marketing | Posted on 12-29-09

Picture this—middle America. Mom and dad, two kids, quaint house, picket fence—you’ve seen it in the movies, or maybe read about it in a book. It’s the American dream. As part of that dream, dad puts his arm around his young son, pulls him near and looks him straight in the eye. The words permeate within little Jr. “Son, I want you to work hard. This is America. Go to college. Earn your degree and get a good job. Work hard in your life so you can retire when you’re older. I want you to have a better life that the one I’ve got.”
Now picture this—third world country. Single mom, 5 children, a small dwelling with maybe two rooms. Not as popular as the previous scene; yet still they cling to a different version of the American dream: the one we’ve let slip through our fingers. This mom takes her eldest son in her arms and pulls him close. She whispers poignantly in his ear. “Son, I want you to work hard. Go to America. There you can start a business -
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The Basics of Internet Marketing

Posted by Jordan | Posted in Network Marketing | Posted on 09-22-09

If you want to market your business the right way and see online success, you have to learn the basics. They might not seem so basic to a lot of people, though, because there is more to Internet marketing than meets the eye. At the same time, however, it’s also rather simplistic, and the ‘key’ to online success is one that anyone can find if they know where to look. As for Internet marketing, the main thing to consider is that you have to market to the right people. If what you have to say isn’t reaching your target market, those people aren’t going to find your online business, and online success will be elusive.
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Running an Online Company

Posted by Jordan | Posted in Business, Entrepreneur, Financial Freedom, Home Based Business, Internet marketing, Network Marketing | Posted on 09-22-09

If you’ve always dreamed of running your own company, now might be a great time to do so. That’s because an online company has almost no overhead or start-up costs, and you can do it so easily that almost anyone can set one up. It still takes some work to get going and be successful, but the creation of the company isn’t a barrier to financial freedom like it was before the Internet revolutionized the way people do business.

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Internet Marketing: Why it Matters

Posted by Jordan | Posted in Business, Entrepreneur, Home Based Business, Internet marketing, Network Marketing | Posted on 09-22-09

The marketing that you do over the Internet matters a great deal when you’re trying to get your business started up. With that in mind, make sure that you’re paying attention to the marketing that you’re doing and whether you need to make changes. It’s often the first thing that potential customers see regarding your business, so you want that impression to be a good one. It helps to keep customers coming in, and coming back.

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Enabling Your Online Business Dreams

Posted by Jordan | Posted in Business, Entrepreneur, Home Based Business, Internet marketing, Network Marketing | Posted on 09-22-09

Don’t feel as though you can’t succeed in your online business. You have just as much chance to succeed as anyone else. The best thing about an online business is that it can be anything you want it to be. Do something that you’re passionate about, and do it well. Establish yourself as an expert in that field and make sure that you follow your dreams. If you’re dedicated to them and don’t give up, they’ll lead you to success.

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