Wednesday, November 12, 2008

Are You Getting The Most Out Of Your Compensation Plans

Compensation Plans
It’s often a little odd to me when I talk to Network Marketers who are building a business, when I ask them how they get paid, what kind of compensation they receive. They really don’t have a full understanding of their compensation plan. I find that people believe when they are building a business that the company will pay them accordingly. All compensation plans do not benefit the distributor.
If you are going to interview for a job in the so-called “real world”, what is one of the questions you would want a complete understanding of? Would it be salary?
All network-marketing companies are going to pay out, but will you be able to reach your desired goals?
It’s quite simple to figure out the desired income level you want to attain. Without getting too involved, take the average percent of income you make on your business volume and divide it into the income you want to achieve. This will give you the number of people you will need in your organization to reach your desired goal of residual income, not including bonuses. Is this a realistic number you can build?
Another key factor to consider is; “Are you getting paid your full retail amount or on your wholesale price?”
Remember: Build it once, build it big.
Gregory Bauer
http://gbauer2.bigmlmlies.com

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