This document discusses various network marketing compensation plans. It provides an overview of the unilevel, matrix, binary, and stairstep breakaway compensation plans. The unilevel plan pays commissions based on the sales of frontline recruits. The matrix plan restricts the number of frontline recruits and places additional recruits under existing members. The binary plan also limits frontline recruits and allows recruits to spill over to existing members. The stairstep plan pays higher commissions as sales volumes increase and allows for breakaways. Understanding compensation plans is important for deciding which opportunities are best suited for individuals.
Determining the accepted market rate of the times is one way of
designing a complete and compatible compensation plan. This
should start at the very beginning of the lean product cost right
up to the cost eventually paid for by the buying customer. The
compensation plan should reflect these costs hidden or
otherwise.
Align the compensation plan to the work load undertaken which
is relative to the market rate of the time. These should take into
account any progressive improvement of sales and
performance
Marketers relying on indirect channels undertake unique challenges to capture partner mindshare and maintain sales velocity throughout their demand chain. A comprehensive incentive strategy can help overcome these challenges. This eBook presents some of the practices to follow, and pitfalls to avoid, to ensure an efficient and effective incentive strategy throughout your demand chain.
Indirect Channel Incentives and Loyalty ProgramsRelayware, Inc.
Spiff programs, tactical incentives, points-for-prizes, cash cards, rebates and discounts – the methods adopted to incentivize indirect channels to sell more are numerous and yet most simply reward companies and individuals for making sales that would have happened anyway. Building loyalty and providing incentives to reward positive behavior is both an art form and a science. This enlightening whitepaper uncovers best practices used by some of the most successful channel marketers and challenges us to consider whether simply being a pleasure to do business with might be incentive enough for our indirect channels.
Determining the accepted market rate of the times is one way of
designing a complete and compatible compensation plan. This
should start at the very beginning of the lean product cost right
up to the cost eventually paid for by the buying customer. The
compensation plan should reflect these costs hidden or
otherwise.
Align the compensation plan to the work load undertaken which
is relative to the market rate of the time. These should take into
account any progressive improvement of sales and
performance
Marketers relying on indirect channels undertake unique challenges to capture partner mindshare and maintain sales velocity throughout their demand chain. A comprehensive incentive strategy can help overcome these challenges. This eBook presents some of the practices to follow, and pitfalls to avoid, to ensure an efficient and effective incentive strategy throughout your demand chain.
Indirect Channel Incentives and Loyalty ProgramsRelayware, Inc.
Spiff programs, tactical incentives, points-for-prizes, cash cards, rebates and discounts – the methods adopted to incentivize indirect channels to sell more are numerous and yet most simply reward companies and individuals for making sales that would have happened anyway. Building loyalty and providing incentives to reward positive behavior is both an art form and a science. This enlightening whitepaper uncovers best practices used by some of the most successful channel marketers and challenges us to consider whether simply being a pleasure to do business with might be incentive enough for our indirect channels.
People generally go into business to make money and those who say they are not interested in the money aspect of the game are really just fooling themselves. Therefore compensation plans are very important to any business endeavor as this will be the primary reason to sign on to the company or business.
There are three main types of affiliate marketers and these would
include the full time marketer, the part-time marketer and the sideline marketer.
The full time marketer would probably depend heavily on the sole
promotion of other businesses with revenue gained through the
participation exercise.....
Super Affiliate System's training course has created FIVE 7-FIGURE marketers...
The combination of paid advertising, and affiliate marketing, just plain works. Ad > Presell > Offer. Its not a complicated formula, and the way we teach it, has helped thousands of people do everything from create a respectable side-income, all the way to making 7-figures per year online, and live their dream lives.
There are three main types of affiliate marketers and these would
include the full time marketer, the part-time marketer and the sideline marketer.
The full time marketer would probably depend heavily on the sole
promotion of other businesses with revenue gained through the
participation exercise.
Discover the topics of affiliate marketing basics, anticipating the needs of your market, supplying helpful info about affiliate products you promote and researching offers to promote.
Learn the secrets behind affiliate cash. You will discover the topics about affiliate basics, anticipate the needs of your market, supply helpful information about affiliate products you promote, be truthful with your customers and subscribers, research offers and test them first and learn how to be patient.
Introducing Affiliate Revenue Avalanche – The Secrets Behind a “Snowload” of Affiliate Cash. Inside this eBook, you will discover the topics about affiliate basics, anticipate the needs of your market, supply helpful info about affiliate products you promote, be truthful with your customers and subscribers, research offers and test them first and learn how to be patient.
Unlock The Full Potential Of MTJ By Unlocking Our Three Elite Level Features That Will Skyrocket Your Results And Profit Without Any Additional Work On Your Part!
nsane Marketer Wesley Virgin and Ariella have created an offer that is not only making affiliates wealthy but they are helping 100s of millions of NEWBIES earn money online.
Introducing network marketing superstars -How to get started and succeed in network marketing. Inside this e-book, you will discover the topics about introduction to network marketing, types of network marketing businesses,how to find the right network marketing business, how to present and sell your product,techniques to following up with the prospects 10 ways to build your team and find prospects, recruiting like a pro and how to help new recruits get started right. In the end I have a bonus for you to make $1000 per day easily.
Introducing Affiliate Revenue Avalanche — The
Secrets Behind a "Snowload" of Affiliate Cash. Inside this
eBook, you will discover the topics about affiliate basics,
anticipate the needs of your market, supply helpful info about
affiliate products you promote, be truthful with your customers
and subscribers, research offers and test them first and learn
how to be patient.
Created by Apple, Macintosh or more popularly known as Mac was
the first personal computer to be available for public use. However
there are also others in the market and this would include another
operating system which would be Windows. However there are still
some diehard fans of Mac who still prefer the Mac for its appearance
and its user friendly reputation. Get all the info you need here.
Dance may have been created for enjoyment, aesthetic expression,
and socialization; but these days, it is considered one of the most
effective ways of exercising for fat loss. In this course – Dancing your
Fats Away – you will learn some of the things that make dance or
dancing an excellent method of getting fit and healthy. Get all the info
you need here.
People generally go into business to make money and those who say they are not interested in the money aspect of the game are really just fooling themselves. Therefore compensation plans are very important to any business endeavor as this will be the primary reason to sign on to the company or business.
There are three main types of affiliate marketers and these would
include the full time marketer, the part-time marketer and the sideline marketer.
The full time marketer would probably depend heavily on the sole
promotion of other businesses with revenue gained through the
participation exercise.....
Super Affiliate System's training course has created FIVE 7-FIGURE marketers...
The combination of paid advertising, and affiliate marketing, just plain works. Ad > Presell > Offer. Its not a complicated formula, and the way we teach it, has helped thousands of people do everything from create a respectable side-income, all the way to making 7-figures per year online, and live their dream lives.
There are three main types of affiliate marketers and these would
include the full time marketer, the part-time marketer and the sideline marketer.
The full time marketer would probably depend heavily on the sole
promotion of other businesses with revenue gained through the
participation exercise.
Discover the topics of affiliate marketing basics, anticipating the needs of your market, supplying helpful info about affiliate products you promote and researching offers to promote.
Learn the secrets behind affiliate cash. You will discover the topics about affiliate basics, anticipate the needs of your market, supply helpful information about affiliate products you promote, be truthful with your customers and subscribers, research offers and test them first and learn how to be patient.
Introducing Affiliate Revenue Avalanche – The Secrets Behind a “Snowload” of Affiliate Cash. Inside this eBook, you will discover the topics about affiliate basics, anticipate the needs of your market, supply helpful info about affiliate products you promote, be truthful with your customers and subscribers, research offers and test them first and learn how to be patient.
Unlock The Full Potential Of MTJ By Unlocking Our Three Elite Level Features That Will Skyrocket Your Results And Profit Without Any Additional Work On Your Part!
nsane Marketer Wesley Virgin and Ariella have created an offer that is not only making affiliates wealthy but they are helping 100s of millions of NEWBIES earn money online.
Introducing network marketing superstars -How to get started and succeed in network marketing. Inside this e-book, you will discover the topics about introduction to network marketing, types of network marketing businesses,how to find the right network marketing business, how to present and sell your product,techniques to following up with the prospects 10 ways to build your team and find prospects, recruiting like a pro and how to help new recruits get started right. In the end I have a bonus for you to make $1000 per day easily.
Introducing Affiliate Revenue Avalanche — The
Secrets Behind a "Snowload" of Affiliate Cash. Inside this
eBook, you will discover the topics about affiliate basics,
anticipate the needs of your market, supply helpful info about
affiliate products you promote, be truthful with your customers
and subscribers, research offers and test them first and learn
how to be patient.
Created by Apple, Macintosh or more popularly known as Mac was
the first personal computer to be available for public use. However
there are also others in the market and this would include another
operating system which would be Windows. However there are still
some diehard fans of Mac who still prefer the Mac for its appearance
and its user friendly reputation. Get all the info you need here.
Dance may have been created for enjoyment, aesthetic expression,
and socialization; but these days, it is considered one of the most
effective ways of exercising for fat loss. In this course – Dancing your
Fats Away – you will learn some of the things that make dance or
dancing an excellent method of getting fit and healthy. Get all the info
you need here.
In this explosive guide to Network Marketing, you will learn all about:
The 5 common types of plans out there to equip yourself thoroughly in your
network marketing career
The common questions that people ask about plans and how to give answers
with confidence, especially when challenged by your prospects and downlines
Recognize that marketing plans are not just about arrows and circles or numbers
and percentages but rather an integral part in network building
Proper strategic placement for your downlines to help you build a solid and stable
network as well as double or triple your income
Win over networkers from other companies to join YOU!
My goal is this: I want you to profit as much as possible from the information in this book.
And if what I write here can save you time and money (on training), I would have done
my job.
Ponder for a moment: If the knowledge here would equip you well enough to close that
ONE BIG SALE (or finding your next superstar downline) would you be overjoyed?
Similarly, wouldn’t it would be a great shame, if you didn’t know better, and at that time,
you lacked the confidence to sponsor that same person due to lack of knowledge?
Words cannot describe the feeling of loss if that were to happen to me.
All smart Internet Marketers and list owners know that “the money is in the list”. And I
know you are one of them, too!
Therefore, every marketer who firmly believes in how much business, influential power
and wealth a mailing list can bring are doing just about any and every way possible to
build their mailing list.
That’s why you see marketers running advertising campaigns such as:
Pay-Per-Click
Ad Swaps,
Article Marketing,
Joint Ventures,
Affiliate Recruitment Drive,
Press Releases,
Traffic Exchanges,
Paid E-zine/Web Advertising, and
Much more than this list can bear!
Relationships can be beautiful things that bring us much joy and
pleasure in our lives. Sometimes we face issues in our relationships
that cause problems between the participants. The following are some
steps on how to piece things back together and keep the relationship
together with the one you love
Unconditional love knows no boundaries, no limitations and no
conditions. When you love someone unconditionally, you are just
there to support, love, protect and care for them without asking for
anything in return.
While some people would like to have you believe that e-mail marketing will soon
become extinct in 2018 and beyond nothing could be further from the truth.
There are many people that would like to have you believe the new way of
communicating with friends and customers will soon be strictly social and skip the
e-mail marketing process altogether.
While I will not deny that social marketing sites such as Twitter, Facebook, and
LinkedIn are a great way to stay in contact with your crowd we still need to heavily
focus on quality e-mail marketing.
There are a million energies in man. What might we not become
when we learn to utilize them all? This is the declaration of the poet;
and though poetry is commonly motivated by transcendental visions,
and therefore more or less impressed with apparent hyperboles,
nevertheless there's in this poetic expression far more literal, practical
truth than we may at first think
The internet is one of the easiest ways to make money, particularly if you want to make
money from your home, or make money in a way that costs little and returns many-fold on
your investment of little or nothing. It has allowed people from all walks of life to make
money—big money—and quit their day jobs (or in many cases, never start one to begin
with). And surprisingly, making money on the internet does not require the sort of
background, education, or experience that most people think it does. Making money on the
internet has been made increasingly easier, opening the door for more and more people to
sit back, relax, and let the ethereal World Wide Web make their money for them.
Using Facebook to get a business recognized online is very effective
and easy to do. Facebook users range in the millions at any given time
thus making the platform for target audience almost infinite.
Understanding the working of how to go about optimizing this tool
will contribute to the success of any endeavor.
When you have found the love of your life, you feel like everything is
perfect, right? That is how magical love is. It can turn a gray world
into a colorful one, a frown into a smile and melt a frozen cold hearts.
In the sonnet My Love is Life to Ice by Edmund Spenser, he describes
love as something that can alter all the course of kind
Two people make a relationship. But at the end of the day, the people
around you will have an impact on how you and your partner get
along. Don’t expect it to be any different when the relationship is
over. If you want to get your ex back, the numerous factors that you
will have to consider will definitely include the people close to you
and your ex.
It is time to let go when your partner wants to end the relationship
with you, and he/she insists on never coming back to you again. It is
pointless to go after your soon to be ex – after all, if you love him/her,
you would wish him/her happiness, right? Get all the info you need
here.
In order to start loving yourself, there are various factors that you should
consider to make sure that you will attain the personal power perfection
that you deserve to receive. Here are some of the valuable factors that you
should follow in order for you to start loving yourself:
Your connection with reality may be the foundation of your purpose.
Not having decided purpose in life does not mean you do not have
one. It is not something you will just wake up to, one day. You have to
work hard to determine it. You may not have the option of choosing
it, as you have many choices. Many of the choices may not even be
genuine.
One thing I quickly realized when I got started online was the fact I needed to generate
quite a lot of traffic to my websites if I was to make any money online. In the early days I
fell for the paid traffic scams that promised a huge amount of traffic for a small
investment! None of those methods delivered any results, the ‘hit’s were probably
automated or from visotors that were so un-targeted that they would never bring any
real results.
Unconditional love knows no boundaries, no limitations and no
conditions. When you love someone unconditionally, you are just
there to support, love, protect and care for them without asking for
anything in return.
Utilizing methods from cosmetic surgery to miracle diets to
liposuction, women in increasing numbers are endeavoring-with a
degree of panic and, more frequently than not, to their own harm-to
match the elemental template of beauty.
There are usually sites that use links to encourage a user or visitor as
users are called, to direct them to any other inter connecting social
media avenues and blogs.
Most people find blogging more personalized and thus are able to
dictate the contents according to their own individual preferences.
Using the blogging tool usually gives the individual total autonomy
over what, when and how much he or she wants to create.
Most individuals speculate that year will be around 1946 to 1964 but
the exact year is hard to determine as it may vary from place to place.
We are estimating that there are about 76 million American
youngsters born between 1945 and 1964. Boomers account for about
39 percent of Americans over the age of 18 and 29 percent of the
number population.
RMD24 | Debunking the non-endemic revenue myth Marvin Vacquier Droop | First ...BBPMedia1
Marvin neemt je in deze presentatie mee in de voordelen van non-endemic advertising op retail media netwerken. Hij brengt ook de uitdagingen in beeld die de markt op dit moment heeft op het gebied van retail media voor niet-leveranciers.
Retail media wordt gezien als het nieuwe advertising-medium en ook mediabureaus richten massaal retail media-afdelingen op. Merken die niet in de betreffende winkel liggen staan ook nog niet in de rij om op de retail media netwerken te adverteren. Marvin belicht de uitdagingen die er zijn om echt aansluiting te vinden op die markt van non-endemic advertising.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
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Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
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Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
The Tata Group, a titan of Indian industry, is making waves with its advanced talks with Taiwanese chipmakers Powerchip Semiconductor Manufacturing Corporation (PSMC) and UMC Group. The goal? Establishing a cutting-edge semiconductor fabrication unit (fab) in Dholera, Gujarat. This isn’t just any project; it’s a potential game changer for India’s chipmaking aspirations and a boon for investors seeking promising residential projects in dholera sir.
Visit : https://www.avirahi.com/blog/tata-group-dials-taiwan-for-its-chipmaking-ambition-in-gujarats-dholera/
VAT Registration Outlined In UAE: Benefits and Requirementsuae taxgpt
Vat Registration is a legal obligation for businesses meeting the threshold requirement, helping companies avoid fines and ramifications. Contact now!
https://viralsocialtrends.com/vat-registration-outlined-in-uae/
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
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Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
2. - 2 -
Terms and Conditions
LEGAL NOTICE
The Publisher has strived to be as accurate and complete as possible
in the creation of this report, notwithstanding the fact that he does
not warrant or represent at any time that the contents within are
accurate due to the rapidly changing nature of the Internet.
While all attempts have been made to verify information provided in
this publication, the Publisher assumes no responsibility for errors,
omissions, or contrary interpretation of the subject matter herein.
Any perceived slights of specific persons, peoples, or organizations
are unintentional.
In practical advice books, like anything else in life, there are no
guarantees of income made. Readers are cautioned to reply on their
own judgment about their individual circumstances to act
accordingly.
This book is not intended for use as a source of legal, business,
accounting or financial advice. All readers are advised to seek services
of competent professionals in legal, business, accounting and finance
fields.
You are encouraged to print this book for easy reading.
3. - 3 -
Table Of Contents
Foreword
Chapter 1:
Compensation Plan Basics
Chapter 2:
Unilevel Network Marketing Compensation Plan
Chapter 3:
Stairstep Breakaway Network Marketing
Compensation Plan
Chapter 4:
Matrix Network Marketing Compensation Plan
Chapter 5:
Binary Network Marketing Compensation Plan
Chapter 6:
The Benefits In Understanding Compensation
Plans
Wrapping Up
4. - 4 -
Foreword
People generally go into business to make money and those who say
they are not interested in the money aspect of the game are really just
fooling themselves. Therefore compensation plans are very important
to any business endeavor as this will be the primary reason to sign on
to the company or business.
5. - 5 -
The Perfect Compensation Plan
Newtork Marketing Compensation Plans Explained
6. - 6 -
Chapter 1:
Compensation Plan Basics
Synopsis
The following are some of the ideal elements that should be part of a
good compensation plan.
The Basics
Determining the accepted market rate of the times is one way of
designing a complete and compatible compensation plan. This
should start at the very beginning of the lean product cost right
up to the cost eventually paid for by the buying customer. The
compensation plan should reflect these costs hidden or
otherwise.
Align the compensation plan to the work load undertaken which
is relative to the market rate of the time. These should take into
account any progressive improvement of sales and
performances.
7. - 7 -
The ideal behind any compensation plan should be that it works as a
good ongoing motivator. Goals should be reached because of the
prime reason of wanting to be compensated as promised.
Therefore understanding the value of a good compensation plan will
then contribute to successful sales records.
Though fairly rare, there is also the issue of over compensation. When
over compensation occurs, those who benefit from it will no longer
find the need to put in 100% effort as there would in actual fact be no
need for it.
This will also affect those who actually work towards the
compensation only to find that it is not adequately designed.
For the internet marketing style businesses there are several avenues
of being able to garner revenue through good compensation tools.
These may come in the form of retail profits, quick start bonuses,
retail bonuses and others.
8. - 8 -
Chapter 2:
Unilevel Network Marketing Compensation Plan
Synopsis
Unilevel compensation plans have been used for many different kinds
of businesses around the world. The network marketing
compensation plan also uses the Unilevel style setup and it has over
time proven to be quite popular.
Unilevel
In simplistic terms the Unilevel compensation plans works as an
incentive to sign up as many different people into the business and
getting them to duplicate this action for them.
This will effectively create the position of frontline participants,
whereupon a commission is generated from the sales made by
these people.
As there is no limit set on how many individuals can sign on to be
front liners for a particular company this style is encouraged to be
duplicated as much as possible, to garner the desired revenue
earned.
9. - 9 -
However the commissions generated tend to be smaller when
compared to other types of compensation plans. This minimal
amount is usually generated from the amount of frontline sign ups
that are active in promoting the business or product which is ideal
for those looking to earn money as an added side income.
This type of plan however does pose some difficulties as the ability
to convince people to sign on may come from a rather limited pool
of people who will also be vying to duplicate this process within the
same said pool of people.
Generally the more frontline distributors are recruited to join the
more the commissioned earned and if there is a good training
program in place where experienced network marketers can tap
into to encourage the new recruits to be equally effective the
results can be limitless.
Using internet tools to help generate the interest in new signups
such as internet leads and developing lead generation systems also
contributes positively to this Unilevel style.
There are also some companies that have tweaked this basic
program slightly to allow for further commissions to be paid
through partial teamwork achievements.
10. - 10 -
Chapter 3:
Stairstep Breakaway Network Marketing Compensation
Plan
Synopsis
In some ways the stair step plan is similar to that of the Unilevel plan.
Following the same basic idea it differs slightly in the way the
commissions are calculated and in effect is probably much more
lucrative for the individual looking to side income and residual
income possibilities.
Stairstep
The members are encouraged to sponsor an unlimited amount of
frontline people also commonly known as or referred to as
distributors.
These distributors are then encouraged to further sponsor other
and also start marketing the products or services of the company.
The sales generated will then create the compensation plans
whereby the commissions are paid based on them. Therefore the
higher the sales amounts the higher the commissions paid and
even for the main sponsor there is the ability to earn a percentage
from these distributors’ sales. Basically denoting the term stairs
11. - 11 -
which is as the volume continues to increase so does the
corresponding percentage of compensation incentives paid.
As for the breakaway term part of the compensation plan there are
a few other aspects to consider. When a particular individual is
able to generate an impressive amount of sponsors and sales alike
then there would be a breakaway effect whereby the said individual
will split from the original group to start another on its own.
This does in some way impact the original sponsors generated
commissioned as it no longer is based on the group that broke
away thus causing quite a dent in the original earning s derived.
However some percentage of commission is still paid even after
the breakaway occurs. These now come in the form of overriding
commissions and bonuses.
Generally this is not a style that is considered laid back and less
demanding simply because the income generated would be directly
linked to the amount of activity within the group and also the rate
of new members joining.
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Chapter 4:
Matrix Network Marketing Compensation Plan
Synopsis
Sometimes known as a Forced Matrix plan this format is quite
different from other plans is there is a definite restriction on the
amount of frontline distributors and individual is allowed to have.
However is managed well it can have its moments of serving as a very
lucrative alternative to generating a comfortable side income.
Matrix
Following the same basic structure of recruiting people to become
distributors and to promote the products or services offered, this
plan differs in its limitation clause.
Effectively this means the individual can only recruit up to a set
amount of people to be part of the frontline group and any other
interested parties would have to be added to someone down the
line. This is called a spill over.
These other recruits would then be placed under other recruits and
the process repeats itself. The obvious advantage here would be
that the sponsor can concentrate on nurturing the small group of
recruits without the distraction of having to find more frontline
distributors.
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Thus the idea is to build a strong core group which in turn
continues to build other equally strong core groups. Recent
modifications have been able to make the entire package more
appealing while giving the distributors more control over their
business directions.
Unfortunately the amounts of commissions generated and paid
vary greatly as the compensation plan is based on the various
different levels evident.
Therefore some would translate this to mean that it would be more
beneficial to help certain levels within the group rather than all
involved.
The compensation plan can also be quite a challenge to explain to
new recruits as it can be quite complicating. This can be a setback
for the individual trying to convince or convert prospective clients
into committing to becoming an active part of the business.
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Chapter 5:
Binary Network Marketing Compensation Plan
Synopsis
Working on a similar concept to the matrix plan the binary
compensation plan also works on a limited concept of frontline
distributors. The idea behind this concept is to create a comfortable
working relationship with a small group to ensure optimum revenue
generating results.
Binary
Working with a smaller group allows for better training and
individual attention giving sessions to motivate and encourage the
recruit to perform at his or her optimum level always.
This will help to keep those involved focused and working towards the
goals set efficiently and effectively. As the binary compensation
encourages the building of a wide and basically infinite down line
organization the system automatically ensure the new members are
placed beneath the existing members.
This system can be duplicated many times over to eventually
contribute to a strong and well manages business engine. The internet
marketing term for this would be spill over.
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The pressure of having to sponsor a large group of people to form the
frontline or core group is nonexistent thus taking some of the stress
out of the equation.
This spill over can also work as a motivating factor for those who
joined the group who are less than productive or are not reaching
their potentials.
Having a new recruit placed under the individual and watching
firsthand the new comer’s growth would ideally motivate the
principal party to become proactive themselves. Being able to build a
network that has clear performing boundaries and depth with the
advantage of becoming so, at a fast pace is clearly an advantage when
revenue earned is needed at the same matched speed.
The automatic motivational elements present within this more
focused style, also contributes to its success rates and popularity. The
spillover concept can positively contribute towards helping a weak
link become stronger as all parties work together towards one success
orientated goal.
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Chapter 6:
The Benefits In Understanding Compensation Plans
Synopsis
Though often not highly rated and sometimes even taken for granted
the compensation plan of any endeavor should be given priority if it
intends to attract the best and the most capable efforts and mindsets.
Compensation plans are also what dictate the loyalty elements within
any setup, thus providing good compensation plans is important if
the endeavor intends to retain and cultivate some level of the said
loyalty.
Advantages
These compensation plans are ultimately the platform from which
revenue is calculated and earned. Having sound knowledge of the
types of businesses available in the internet marketing arena and
their respective compensation plans will allow the interested party to
make decisions best suited to their own individual needs and
aspirations.
The decision made to join a certain endeavor sole based on the
compensation plan offered is not encouraged for obvious reasons.
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These include ensuring the accompanying products or services being
sold are of a high quality and also the strong management style of the
intended company in which the individual is about to join.
If these other contributing factors are not considered carefully, having
a good compensation plan will not benefit if there is nothing worth
selling.
Understanding the various jargons and terms associated with the
compensation plan is also another aspect that should be given due
consideration.
For some these may seem a little intimidating but with some careful
study and help from those more experienced understanding these
terms can be achieved.
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Wrapping Up
Compensation is an important factor that plays a dominant role in
dictating just how much an individual is prepared to invest in terms
of time and energy into any endeavor. Therefore understanding the
concepts behind the various different compensation plans is
important when it comes to deciding which one most suits an
individual’s needs.