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Do You Understand The Fine Print of The Compensation Plan of Your MLM Company?
Do You Understand The Fine Print of The Compensation Plan of Your MLM Company?Matching bonuses
Every network marketing company or mlm company in Nigeria and worldwide have a compensation plan.
The compensation plan is the document that shows mlm distributors (and prospects interested in joining the business) how the mlm company will pay them.
Every network marketing company that has an online presence or a web site has at least a page dedicated to explaining the company's compensation in detail.
My question to you is this: Do you understand the fine print of the compensation plan of your mlm company?
Have you taken time to read the mlm compensation plan document? Do you understand everything it says about how you will get paid?
Here's something you may not have thought about.
Lack of complete understanding of the compensation plan of the mlm company you promote can seriously hurt your income.
Simple reason . . . the compensation plan often include clauses that, if NOT understood, can result in substantial losses to you in terms of income level not qualified for.
Here's a practical example.
One home based business network marketing company has juicy performance bonuses that include:
Rank advancement bonus and
Global bonus pools
However, collecting these bonuses don't happen by accident. You have to understand what is required to qualify for these bonuses.
Specific Examples - How Understanding The Pay Plan Can Make A Difference To Your MLM Income
For example, this mlm company with binary compensation plan offers two tiers of matching bonuses.
First tier matching bonus is 10% of the cheques earned by those the mlm distributor personally enrolls.
Second tier matching bonus is 10% of the cheques earned by those enrolled by those you personally enrolled.
To qualify for first tier matching bonus, a distributor needs to be active with at least one purchase/one sale and have 4 personally enrolled active members with one in each of team (left & right).
To qualify for second tier matching bonus, a distributor needs to be active with at least one purchase/one sale and have 6 personally enrolled active members with one in each of team (left & right).
You see, the second tier matching bonus can be substantial. And all you need to get paid this amount every week is to enroll two additional people.
If you understand this, what will you do?
Of course, you will do just that and pocket the cash bonus.
Let's take a second example.
This new generation mlm company based in the U.S. and with operations in Nigeria also pays rank advancement bonus.
The rank advancement bonus is what members get when they achieve a new rank.
The rank advancement bonus is $100 at the lowest level of achievement and $250,000 at the highest level of achievement.
Here's the interesting part.
To get rank advancement bonus of up to $2000, you need to be active with one-pack purchase/sale. To earn up to $250,000, you need to be active with two product purchase/sale.
See the small difference that results in big earnings at the top?
Here's additional info:
To qualify to earn rank advancement bonus of up to $2000, you need to maintain the new rank achievement for 2 consecutive 4-week periods.
To qualify to earn up to $250,000 in rank advancement bonus, you need to be maintain the rank achievement for 6 consecutive 4-week periods.
What happens if the member who is suppose to earn $250,000 is active for 5 months and neglect to achieve the same level the 6th month?
She risks losing $250,000.
Understand the fine print of the mlm compensation plan so you know the exact stuff that results in major leap in earnings. If you don't, you may miss a big chance to get into the big league of income.
Second, track your performance to understand your current level of achievement and what you need to qualify for the next level of earnings.
Take this advice seriously! Join jeopardize you chance to make it big!
Click HERE to join the hottest income opportunity in Nigeria, Kenya, Ghana, Africa and the U.S.
P.S: The fine print of the pay plan of a network marketing company may also contain clauses that limit your chances to earn big. Watch out for those mlm companies that sabotage your ability to earn big. FIRE any such greedy mlm company.
Click HERE to join the hottest income opportunity in Nigeria, Kenya, Ghana, Africa, and the U.S.
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