The Best Opportunties Have this Comp Plan
Written by michael norman on Jun 9, 2009 6:21 pm
I am back again with more exciting information that will help you decide on which company you should put your time and effort into. Before I had an article posted in the SpotLight on the Front page of Betternetworker.com discussing the difference between 'True leverage vs. Implied Leverage'. If you missed the article you can search it on this site and see exactly what is the difference and how that took 5 years to discover.
Now I want to talk about the type of compensation plan that is right for you and what offers the best. If you have been part of betternetworker for a while; or have been following Mike Dillard then you know that their main opportunity has a larger up front commission with little on the residual side. However, people like Mike Dillard who have created sites like betternetworker.com that has more than 10,000 visitors per day and have their own information product that is being sold by tens of thousands of affiliate marketers then it is easy to comprehend. This is not being written for you individuals.
First, why is Walmart one of the biggest companies in the world? I am going to fill you in - it isn't because everything they have is top shelf. It is because they appeal to the masses and the largest group of people in the world. Those who are living life paycheck-by-paycheck and need to save.
You may ask, what is your point in that particular comment? It is this, with whatever company you are with there has to be something that appeals to everyone so that everyone feels they can succeed. And not only make them succeed but they get immediate success (that will sink in after you read it a couple of times). For example, the majority of companies either offer a percentage of the products being consumed by their distributors (such as a nutrition company) or utilize a compensation plan that is based off of business volume (points= certain dollar amount). Here is the problem, it take many many distributors to realize significant income that can make a difference in your life.
Who wants to work for 2-3 years before seeing significant income? Not me
What to look for in a compensation plan:
1. Does it offer up-front commissions/ bonuses (either on the product itself or through customer aquisition bonuses - remember it is illegal in this industry to offer a bonus just to get a new rep)?
2. Does it offer personal residual income (meaning do you get paid on a residual basis from your personal customers)? Nutrition does not count as residual becaues as much as you like it, your vitamins and minerals or weight loss product is only a luxury. If you don't believe that then why did one of Herbalife's top producers give up a 6 figure income?
3. Does it offer overriding residual income (do you get paid residually off of customers that your team builds)?
4. Are the products something that they are already using or is it something you have to convince them to use (why would you continue using a weight loss product after you have lost the weight?)?
Why do you want those three things?
1. With up-front bonuses this allows you to generate significant income while the residual income grows. So you can experience success in the beginning and on the back-end.
2. Why would you go out and get a customer if you were not going to get paid month-after-month?
3. Why would you tell your team to go out and sell a product if you and them were not going to get paid month-after-month?
4. You already have a job, when you have to sell your product or service you are in essence just creating another job for yourself
To see what really fits in the mold then click here for your TrueCompensationPlan
See you at the Top!!!
Views: 260 | 
Comments: 3 
About the Author: michael norman
Member Since: 05/06/2009
Company: Mandura
Industry: Business Opportunities
Primary Web Site: http://www.manduraprosperity.com/
Hey Michael
I enjoyed your article but if I can interject a touch of logic here it would be to respond to one comment you made - Nutrition does not count as residual becaues as much as you like it, your vitamins and minerals or weight loss product is only a luxury.
If I can just ask you a couple of questions.
1.) Which segment of the population has the most disposable income?
Answer: The baby boomers
2.) What is the number one concern of the baby boomers?
Answer: Health, wellness and looking younger
3.) When you are looking for an opportunity, which market should you get into?
Answer: The one that most people with the most disposable income want. You guessed it - the baby boomers ! Health and wellness.
I imagine when the next generation reaches the age of having disposable income, the toys, communication, technology will be the highest wave to ride. But that's a few years down the road.
To your success,
Joyce Penner
lol,
Ok, I wanted to comment here. In Fact I HAVE to comment as these are my Two favoriate people on this whole forum and I a value the opinion of both.
Joyce, I agree with you. Baby Boomers are very much intersted in spending their money on things like health and wellness.
I think we are a little off the mark here. If the question is to be answered truely
Which segment of the population has the most disposable income?
The the Answer is Multi-Billionares. Bill Gates ect...
What is their number one concern?
hummm... How to get more money?
When you are looking for an opportunity, which market should you get into? (This is the one I like best)
This is really something you can answer personally. What do you like, what would you buy? What do yoru friends buy?
Health and Wellness is great if you trust yoru product. I personaly love some products from H&W and have taken some personally, in the past. Would I sell them? LOL, No. I don't trust 90+% of the companies out there and the few I would trust I would trust other companies to be doing exacatly what I was doing and undercuttign me. i mean have you ever been told, "Oh yeah... Product X. I can buy the exact same thing at the local GNC for about 10$ less a bottle" Most of you have. So, that is not for me.
What I would suggest was a better line of though would be to ask questions like.
Where are huge portions of world wide incomes being spent? Things like, insurance, power, cable tv, home phones, cell phones come to mind.
If you wanted to talk about disposable income them ask "On what products do most people, world wide spend their disposable income on?" cable, home phones, cell phones jump out at me.
I am also not a fan of the GPT mindset. It makes for a feast of nothing kind of start up. Where as if you start with a true leveage business then you can work till it is your main business and you can trust and perdict your income.
There does have to be more then one way to make money. If you only make say .50$ a customer then you will be a year getting going. If you can make some money with bonus pools and getting new reps to vertin level or something then you have some way to start out in a big way.
Personally, I am not at an age where I want to base my business on a group of people that is not going to exist long before I am ready to retire. That is just me tho.
True
Thank yoiu
Joyce - thank you for responding to my post I have put up. And I apologize for taking so long to write something back - I have been out building my business.
What I was talking about being a luxury in supplements is this - when it comes to supplementation yes people value that they need it - however most cannot decipher between what is good and what is not. So people will be willing to give up something like supplementation for a cheaper knockoff (even if it does only save them a couple of bucks).
However, I do feel you hit the head of the nail. Toys, communication, and technology are a few years down the road. But wouldn't you agree that you have to position yourself before the wave actually hits to truly capitalize on it?
If you look at true millionaires and billionaires they will tell you that if you want to capitalize on a certain market or industry that you have to get in before it hits the critical mass. If you get in when it is already happening then you will have already missed the boat. Yes you may make a few bucks, and with a company like ACN that will still be a very good amount. However the most money will be made by those who have already positioned themselves to get in before it is in.
Michael