What are the Best MLM Compensation Plans?
When deciding to get into an MLM company, there are a few
things to keep in mind. Do you have some
sort of passion or interest in the actual product? Is it something that is going to take you
months and a lot of money before you’re profitable? And of course what is the companies’
compensation plan? Below are just a few
things to keep in mind while looking at MLM Compensation Plans.
· Upfront Money: Does the company you’re thinking about offer you an opportunity to become profitable as soon as possible? What I mean by that is, are you going to be able to make some upfront cash before all of your accumulated points, volume, etc kick in for your residual income. This is something to think about as you could very easily go broke before your residuals kick in leaving you out of business before you really get started.
· Downline Structure: What happens if you build a HUGE downline and the next day one of your superstars decides he/she is moving to Tibet and getting rid of all their Western possessions? Are you going to be able to replace that income quickly, or are you stuck having to start from scratch?
· Volume: How much volume and/or points are you going to have to accumulate before this thing is truly profitable? Believe it or not, there are some individuals who work like crazy and recruit, recruit, recruit only to find that it still isn’t enough. Make sure you’re getting paid what you’re worth. This is HUGE when reviewing MLM Compensation Plans.
· Rollover: Do your points/volume rollover to the next pay period or are you going to have to replicate what you did every single week, month, year? Being able to carry over points/volume makes it much easier for you to stay in the Black.
Hopefully this has shed some light on what you should keep in mind. Please don’t mistake this as anything other than a business. If you are not in the Black, you are losing money. It truly is that simple. Do yourself a favor when reviewing MLM Compensation Plans, make sure you’re always able to make money right off the bat and that you aren’t going to be completely wiped out if something happens to ONE member of your downline. There are many very profitable companies out there. Pick one that works for you and get Rockin’ and Rollin’!
Have a question for Dave? Ask or leave a comment below!