N Articles Knowledge Informations Tips: January 2014

Wednesday, January 15, 2014

A BRIEF LOOK AT 4 MLM COMPENSATION PLANS

Network Marketing

A BRIEF LOOK AT 4 MLM COMPENSATION PLANS

by: Judy Thompson

Copyright 2010 Judy Thompson

If you are thinking about joining a network marketing company, also referred to as multi-level marketing, or MLM, one important item you will want to understand is its compensation plan. Otherwise, “How will I get paid?”

There are four basic kinds of MLM compensation plans that will be described in this article.. Each of these may have several variations. Some plans are better suited for the people who really enjoy sales and may desire to retail a lot of products. Some plans are designed to attract especially the “heavy hitter.” Some plans pay well for the beginner and may or may not be attractive to the big recruiter. Some plans make a serious effort to reward even the little guy or gal who can only sponsor or recruit a few people, but also pay very well to the top distributors.

These plans are called Unilevel, Stairstep Breakaway, Binary, and Matrix.

1. UNILEVEL. This is a simple, straightforward compensation plan. It allows for a distributor to have a first level of unlimited width. The levels the company pays commission on generally range from 3 to 9 levels deep. The more volume generated by you and your organization, the more you can earn. A disadvantage to this plan is that building wide means the distributor may give less help to his personal enrollees.

2. STAIRSTEP BREAKAWAY. This is the most common of all the compensation plans. It is where most of the really big money is made in MLM. This big money, however, is made by a very small percentage of people. Breakaway plans are geared for full-time effort. Attrition is the highest with breakaway plans and it generally will cost more to build your business. This is a work program. It takes persistence, salesmanship, and requires the ability for you to train your recruits. Companies which use breakaway plans tend to pay higher commissions. However, the plan may be extremely difficult for most people to duplicate.

3. BINARY. This is a very complicated and hard-to-understand plan. It does, however, offer a simple system that is easy to duplicate. Otherwise, you recruit just two and help them do the same.

4. MATRIX. This plan allows you to build a limited width organization. For example, a 2 X 12 group means two people on your first level, and paying 12 levels deep. Other examples would be a 4 X 5, 3 X 9, etc. This is generally pretty simple and easy to understand and explain. The low volume requirements usually common to matrix plans helps make it a good plan for part-time distributors.

The above briefing only scratches the surface of these compensation plans. For a more detailed description, you may wish to go to: www.mlminsider.com

Even though some of the internet hype may claim that you can make big bucks with only a little work, don’t believe it! With network marketing, as in any other business, you’re going to have to work at it and make some investments if you expect to be successful. To make money in MLM, you will have to work, no matter what company or compensation plan you select!

About the author:
Judy Thompson, a former teacher and business owner, is also an experienced network marketer. She promotes a nutrition company that has an automated support system. For details, go to:

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7 COMMON SENSE MLM BUSINESS TIPS

Network Marketing

7 COMMON SENSE MLM BUSINESS TIPS

by: Judy Thompson

Copyright 2010 Judy Thompson

So you have decided to join a network marketing company with the goal of building a successful home business! How do you know if you have what it takes to succeed? Do you even know what it takes to succeed?

As a long-term owner of a store-front business, and as an experienced network marketer, I would like to make some comparisons of a conventional store-front type of business, to a home-based network marketing business.

If you were planning to purchase a conventional business of some kind, perhaps, an appliance business or a shoe store, you would be asking some specific questions before investing your hard-earned money. You would want to consider the following:
v Does it have stability, or is it a risky new start-up venture?
v How hard will it be to acquire customers for my product or service?
v How long will it take to break even and then make a profit?
v How much time do I have to devote to this business?
v Is there a mentor nearby who will teach me the business?
v Am I willing to stick with this even though there may be a number of obstacles to overcome & not everything goes right all the time?

Your list of questions could go on and on.

Now let’s turn to another scenario. Instead of purchasing a conventional business, you find many “opportunities” on the internet. Network marketing, of course, has the great benefit of enabling you to build a residual income from the comfort of your own home at a much lower start-up cost. However, there is much “hype” on the internet, countless websites really look great, and they make success sound so easy, that it can be deceiving to the average person..

So when the person joins a good company and doesn’t make big bucks in a few weeks, it is easy for him to think that the fault is with the company. Meanwhile, he’s received 14 other great offers that make it sound easier than what he just joined. He quits before even getting started and joins another company. Usually the second opportunity doesn’t work either, and he goes to number three, number four, etc. Generally the new start-up opportunities will not last long, will fail, and may even just disappear. Unfortunately, at this point a person may have spent a lot of time and money just chasing rabbits.

How can this merry-go-round of failures be avoided? Here are 7 common sense MLM business tips that I believe will help you avoid this cycle of failures:
1. Find out how stable the company is. Is it a new start-up venture? If so chances are it will not be around for the long haul. Remember, you only have a future if your company has a future!
2. How much time will you be able to personally devote to this business? With network marketing, not only does it take some time to recruit people into your business, but you also have a responsibility to communicate with and try to help the people who have joined you.
3. Can you believe in the products? If you truly believe in your company’s product line, people will see your enthusiasm and be more likely to join you.
4. Are you willing to make a commitment to just the one company for at least 6 months? Most successful network marketers say you should stick with it and work it hard for at least a year. Very few marketers can do justice to promoting more than one or two network marketing companies at the same time. If you spread yourself too thin, you are less likely to succeed with any of them.
5. Is it the kind of business that you could be happy telling your friends about? For example, even though my primary way of marketing is on the internet, my company has some products that have helped me so much, I just naturally want to share their benefits with my friends.
6. Is there a system in place to help you build your business? Most good companies these days do provide their distributors with workable business tools to help them market their business both locally, and on the internet.
7. If your company provides you with a good website, how will you get people to take a look at your website? Having a support system that actually will bring people to your website for you can be the difference in success or failure for many of us.

If you are a person who wants to build either a part-time or full-time residual income from the comfort of your own home, I hope you will realize that it is better to find a good company and stick with it, than to jump from opportunity to opportunity looking for that pot of gold at the end of the rainbow. Don’t be an “MLM Junkie!” Work it like a business and you will certainly increase your odds for success!

About the author:

Judy Thompson is a former teacher, business owner, and experienced network marketer. She promotes a nutrition company that has an automated support system. For details, go to:

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Monday, January 13, 2014

3 very simple steps to making money online

Network Marketing

3 very simple steps to making money online

by: Mike Law

Network Marketing or MLM (Multi Level Marketing) is one of the biggest earning potentials on the internet today. The internet is a multi billion dollar industry where the advantages of trading are virtually endless. Here are some of the key reasons why I highly recommend Network Marketing.

The ability to not only work from home but from almost any location in the world as long as you have access to the internet was the biggest attraction for me personally. It opens a whole new world of possibilities in regards to the way you can live your life.

You work the hours you want, and you are also your own boss. It is much easier to motivate yourself when you know your efforts are going to increase your own earning potential and not the person you are working for. Also your earning potential is endless and your business grows by itself once you have the right tools in place.

Another huge benefit of Network Marketing is the amount needed to invest is far smaller than virtually any other business so you really have very little to lose. However one of the reasons a lot of people fail at Network Marketing is because they want something for nothing. Expecting to make huge profits with no time and money invested will get you no where.

This leads me to my next point of working smarter rather than harder. How you market your business is crucial to its success. You are competing in a global market with millions of potential customers; however reaching these customers is your biggest challenge. There are so many marketing tools on the market today of which a large majority of them will generate very little if any residual profits for your company. The most effective tools for you to use are the ones which will target motivated individuals who are already interested in the products and or services which you offer.

You could for example invest substantial amounts of money on tools which promise millions of hits to your site and gain absolutely no business whatsoever. On the other hand you could invest smarter and utilise the tools which target those potential associates as mentioned above for a much smaller investment. And this is where the beauty of the plug in profit system is so evident. All the most effective tools and methods are supplied for you to save you years of trial and error.

So by now you are probably thinking that this Network Marketing venture of yours is going to require a lot more time than you thought? The answer is no. Right now is the perfect time to get involved for one main reason, Turnkey solutions. Network Marketing guru’s have developed these solutions to grow their businesses, however at the same time making it extremely simple for you to grow yours. Five of my income streams come from one turnkey site which was setup in a few hours with three easy steps. To get started or to learn more go to www.wealthontap.com/pips.html

All the best.

About the author:
www.pluginprofitsitebiz.info Complete Money Making Site Setup FREE!

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Mike Law is a distributor of some the highest grade health and beauty products available. Rich in antioxidants and anti-aging nutrients, look and feel younger. Contact me or visit my sites to learn how to become a distributor yourself or simply to find out more about the products. www.wealthontap.usana.com

Mike Law is also CEO of www.wealthontap.com whose mission is to better people’s lifestyles by substantially improving their health and or their financial status.

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