Are You Making The Most of Your MLM Compensation Plan?

Are you making the most of your MLM compensation plan? Most plans these days are set up for you to make money multiple different ways. In most there are 8-10 or even more ways for you to make money. The purpose of most of the different areas to earn are for you to be able to make money while you're building your business. I've heard it called all sorts of different names, but whatever you are getting paid on a first order or new distributor/member, etc is set up for you to be able to put money in your pocket while you're building your business. Let's take a look at how this is all put together.

1) Initial Money: This is never a very large payment and isn't intended to be the main driver of your income. What this does is enable you to continue to promote your business. If you're doing any sort of paid advertising like PPC, banner ads, or anything similar, you are going to have to earn a little money to help offset those costs. For most companies this is a relatively small amount of money, sometimes in the $40 range. Do not over look this as chump change. This alone can help keep you in business.

2) Residual: This would be the bread and butter of a typical MLM compensation plan. This is all based on volume. So, the larger your organization, the more volume you are going to produce. The more volume you produce, the larger your residual commission check is going to be. This is why it is a MUST that you are an expert at recruiting other leaders. I would rather personally recruit 10 solid leaders a year than 100 individuals who where wishy washy about the business. A leader is going to produce the same results you do. They will take direction very well and will be hungry to begin to utilize the same strategies that you use. This is key in building a large sustainable organization.

3) Leadership Pools: At some rank in your company, you will probably be eligible for a certain percentage of the overall company volume. This can be substantial. Especially considering you have already been taking advantage of every other way to get paid within your company. Just put it like this...if you're receiving the leadership pool, you are making a fantastic income. This is like getting CEO type bonuses at the end of the year, so don't take this for granted.

So often people get caught up in just the recruiting aspect that they forget the company has put together an MLM compensation plan that will not only keep them in business, but will help them towards financial freedom. There are going to be times in your business when you just want to recruit like crazy in order to stack some chips. Then, take your stack and begin to drive TONS of traffic into your lead manufacturing system and sales process. After you've made it to this point, you are looking to recruit leaders to duplicate your success and take you to the huge residuals and ultimately the leadership pools. Understand how your MLM compensation plan works so you can take full advantage of it. I hope this helps you on your Journey. Until next time, Happy Marketing!