This is a question that many people never think to ask. People will join a company because they have a great product or because they’ve been told that they could make a lot of money. Or maybe they joined because their friend or relative “got in” so they don’t want to be left behind. Whatever the reason, rarely will anyone ask the question, “what is the best MLM compensation plan?”
Since it’s possible to make 6 and 7 figures in MLM, you might be serious and want to know what is the best MLM compensation plan. If you were looking at buying a fast food restaurant franchise, you would want to know all of the details before signing on the dotted line. If you were investing $750k, which one would pay the highest dividends? People just aren’t serious enough when they only invest $500 or less.
Get Serious, What is the Best MLM Compensation Plan?
The reason so many people fail in MLM is the same reason they aren’t asking “what is the best MLM compensation plan?” They aren’t serious about making money otherwise they would dig for information. So many people out pitching their MLM either in person or on Facebook, just barfing all over anyone within reach. Is this how to build a business? Not a chance.
So What is the Best MLM Compensation Plan?
Let’s take a look at them at a “high level” and see. There are Unilevel, Binary, Breakaway, Stairstep, Breakaway and Matrix. All of them have plus and minus aspects so I can’t give you an across the board answer as to what is the best mlm compensation plan. What I can tell you is that you need to look for what it is that you need.
- Nice up front earning potential from enrollments.
- Long term residual income.
- Fast money, get in get out.
- Slow, turtle speed build and in for the long term.
- Pre-launch, gamble on whether or not it will fly.
- Get paid right away, top tier, big ticket, fewer buy in’s, but great income potential.
- Free to get in, no minimums, no real incentives to drive people but minimal risk.
These are just a few of the considerations besides what is the best mlm compensation plan.
Face it, Your Company Might Not Really be the Best…
Oh I know, everyone thinks their company is the best. There are a lot of great companies out there, but there are a whole lot of stinkers out there too! You know it, it’s like that with anything. What is the best mlm compensation plan? Stop thinking illogically and do the math, you might learn something that would change your mind about your program.
It’s 1972, What is the Best MLM Compensation Plan?
If you would have asked my dad that question, his answer would have been Amway. In 1972, 7 years after my dad joined Amway and had built a nice sized business, Amway paid some pretty nice money. It put mom and dad behind the wheel of a Mercedes Benz and sent us 5 kids on some really nice vacations. Is Amway the best plan now? That depends… So what is the best mlm compensation plan?
Refer back to what it is that you are looking for, compare the compensation plan to what it is that you desire. Need money fast? Better look for a plan with some big up front money. Building for retirement, a slower build with strong retention and residuals might be best.
What is the Best MLM Compensation Plan for Me?
I’ve got a team of over 800 in a company that I am no longer building. Why? Is it because It’s growing perpetually and I just need to sit back and collect checks? No, it’s because I stopped building due to a flaw in this particular binary compensation plan. What is the best mlm compensation plan? It could be a binary, but it depends on your positioning.
The Answer to “what is the best mlm compensation plan” for many would be “the one that pays me money”. Making money in the beginning is crucial for most business people and a funded proposal can give you income as well as develop free leads for your business. You can take a free look at the best funded proposal I’ve ever seen Right Here!
The Next Time Someone Asks You, “What is The Best MLM Compensation Plan?”, You Better Not Have Just One Answer!
The bottom line is that there isn’t one answer, there are many. What is the best mlm compensation plan for one may not be for another so do the proper homework.