This post will give you an overall idea about the big picture of how to earn in an MLM company. There is what they called a COMPENSATION PLAN wherein there are different ways on how to make money.
Generally, when you consider a Compensation Plan, you will want to know about 4 general areas about it that many people will want to know about:
1) Retail Profit
The First Area is Retail Profit. You must show the prospect that they can earn a retail profit with your products and services…usually it is about 25% our company – Alliance in Motion (AIM) Global .
2) Team Overrides
The Second Area is Team Overrides. Just like a Real Estate broker or Insurance Agent, this is where you develop a team of Reps and help them become successful and get paid a certain % as an override off for it. You become a sort of a “Master Broker” for your company and training others do the same thing. This is where most people misunderstood about MLM….they don’t understand that what we do is just like a Real Estate or Insurance Agent…only better.
3) Leadership Bonuses
The Third Area is Leadership Bonuses. This is where you help develop successful leaders in your group, and you get an additional royalty bonus. You get rewarded by helping others develop their Leadership skills and capabilities….the most fair compensation in the world.
4) AIM Global Rewards
The Fourth Area is Rewards. This area is a favorite among Network Marketers…..once you have reached a level of success, many companies will give you free trips in some of the luxurious place in the world at all expense paid (air ticket, 5 star hotel, pocket money) that you can qualify for…indeed a great incentive to work for!!!
It is important you understand these components of the Compensation Plan because this will help you guide in choosing which MLM company that offers better.