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

MLM Relationships - Look Beyond Behavior

By Michael Dlouhy

People don’t always do the right thing. And 98% of these “wrong things” fall in the category of “small stuff.” So when somebody screws up, take a moment to put it in perspective. A year from now, will you even remember it? Bottom line: don’t invest your time and your emotion in something that is trivial.

The logical extension of this thought is, whenever someone does some act that you don’t approve, train yourself to think of them with kindness. If you consider the situation to be truly serious, then advise them how you would handle it. And then let it go.

Nothing is - or needs to be - perfect. “Letting it go” is your best choice because you ultimately have no control over what any of your network marketing partners does. And, believe it or not, there’s always a fair chance you’ll learn something new and useful from how someone else handles a situation.

So observe, and try to understand why. And then either learn or let it go or both. Your MLM relationships always involve other people. You can count on regular annoyances. Long-term, they are meaningless … so don’t let it have any effect on your own productivity.

Your friend for life,

Gregory Bauer
516-488-5563

bigmlmtruths.com

Jump Start Your Perfect Day

Want to have a good day? Here’s one way to get a jump start on a good day. Each morning take a little time for yourself, perhaps before the rest of the house is up or if you live alone, before you get out of bed. Close our eyes and envision the way you would like the day to go, better yet envision what the perfect day would be like for you.

If you have never thought about it, take the time and think what a perfect day would be like. What would you do, who might you see, etc. Better yet, write down this perfect day as something you truly can picture. If you do not like to write, you can even draw what the perfect day for you would be. The sky is the limit, let nothing hold back your imagination of picturing your perfect day. Let this perfect day become the calm you can turn to in any situation. Imagine what it would look like, what it would smell like, what you would feel, what you could touch, what it would sound like, and what it would taste like perhaps.

Now every day, take some time to picture your perfect day, remember it is important to take slow breaths, perhaps close your eyes, envision this perfection. Let this be the image you turn to when you feel stressed. It can become the calm in the storm. Visualizing the perfect day can be more effective than any pill or drink you could take, if you practice it every day.

Such visualization lets you be the one in control of your life. If you prepare yourself this way each day, you will be better prepared for whatever life throws your way. Writing the perfect day down or taking the time to envision it everyday makes it more concrete in your psyche and opens you up to endless possibilities. Positive thoughts will bring positive things into your life!

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The Five Pillars to Success

Welcome to the world of Network Marketing where you can
build a future of residual income to provide a life style
most people only dream about provided you are in the correct
company. There are some key facts you need to know – about
a company you may be in or looking to join. They are called
the five pillars to success. If you can’t find these 5 key
ingredients before you waste your time and money – RUN
AWAY!

PILLAR 1 Company Management Experience with integrity.

Do a Google Search on the company owners. When you are in a
company that is built by someone who has built a down line,
they will be “Distributor Minded.” The pay plan will be
excellent and will be easy to build a business with them.
The care and support will be in place. IF you find a company
built by a Fortune 500 CEO who has never built a down line
of their want to be aware are: the company’s policies and
procedures. If the policies and procedures are short, then
there is low overhead (meaning the cost to run the company
is minimal) and you the distributor will get paid more!
Companies with high overhead always have long policies and
procedures. You will probably need lawyer to read it for
you. This company will not pay you well.

PILLAR 2 Timing in the company, Timing in your industry.

Approximately 92% of network marketing companies don’t
make it past the first two years. You do not want to be the
first one blazing the trail. Give the company time to work
out all the start up bugs. A good compensation plan has to
be in place. Let the company work out all of their software
problems. They should own their own software so they can
perform their own maintenance themselves and any upgrades
they may have to make. Don’t get caught up in the hype of
getting into a start-up opportunity.

PILLAR 3 A remarkable product.

If you look at a company that has been around for more than
two years, they probably have a good product. If you want to
make money with that company you still need all the other
pillars provided you are in a legal network marketing
company not some gifting program.

It’s necessary to have a product that retails well and ask
yourself, “Would I buy this product if there was no
business opportunity involved?” Is there a distributor
discount on the product? “What’s the real price of the
product? Doesn’t this behavior show that this company only
wants to recruit distributors? If a company is recruiting,
recruiting, recruiting, you are just building a temporary
paycheck. Now, there is no residual income in recruiting
alone. You want to be in a company where you can retail
products. Retail sales allows you to develop true residual
income.

PILLAR 4 The compensation plan.

A good pay plan is a plan that pays the most for the least
amount of people in your organization. You should get paid
on total volume not on a specific number of levels or stop
after a set depth. A good compensation plan will pay a good
percentage to the front end of the plan so the part-timer
will be able to make an income. How much money do you make
on retail sales. Seven percent and under will not make a
viable business. Do the math, figure out how many people you
will need to reach your monthly goals. How much money will
you generate from each person, per spot, and divide this by
the desired monthly income! Ask yourself: “Will this comp
plan work for you?” “Will it be possible for me to
sponsor, teach, and retain this many people?”

Study your compensation plan. What type is it? What are the
pros and cons of this type of plan?

PILLAR 5 System for Success

The success to any network marketing company is to have a
duplicatable system in place. People are not duplicatable!
Systems are! You must have a system when a new distributor
can plug in and become successful. Network marketing is
relationship business. People join people.

These are the five pillars to success.

I am a business coach and mentor. I will aid you in finding
a real company or help you build a present one. And I do it
for FREE. Contact me and I will help you or download my
success E Book and educate yourself.

Now it is up to you to get started.

By: Gregory Bauer

http://gbauer2.bigmlmtruths.com/?mad=15919