subject: Do You Know How Much Work Your MLM Plan Of Choice Requires? [print this page] Do You Know How Much Work Your MLM Plan Of Choice Requires?
A lot of people would tell you that their MLM plan is better than yours or the other competition. This is natural since most of the online marketers have only one goal in mind; get more people to join their network marketing business. Although there is nothing wrong with using every tactic there is to convince people to join up, it is always prudent to compare companies and compensation plans before making the final decision of jumping onboard a network marketing company.
Of course, choosing the best MLM plan is going to be quite mind-boggling. With the hundreds and thousands of different rules and guidelines to understand, people tend to just give up and choose the ones with promises of grandeur. Unfortunately, this always do not lead to success. To make it easier for you to understand how to pick the compensation plan that fits you, here are some questions you have to ask yourself when evaluating companies.
First, let's start with the most common question. "How much money will I be making?" This is the most practical and most obvious question you should start with because who would want to invest his/her time, energy and resources in a network marketing venture that won't give him/her great monetary returns? That is why for those who are new to MLM, they should have a basic understanding of the network marketing company's compensation plan before they start their home based business.
Next, ask yourself about the company's compensation model. If you are a first time networker, you might be confused with the terms such as binary, stair-step, breakaway and matrix models. These terms refer to different MLM Plan for compensation or commission. Find out what percentage a distributor earns from each sale. If the company pays very small, it might not allow you to make enough money.
Finally, find out if the MLM plan and its product volume requirements are reasonable. In network marketing, distributors are often required to maintain a level of monthly product sales volume to be considered an active member of an organization. Those who cannot maintain will not qualify for bonus payments or commission checks. So, it is to your advantage if you find out what the company's monthly volume requirements are and decide if it is reasonable enough for you and if you can actually meet the quota to generate enough income for yourself.
