Showing posts with label Compensation Plan. Show all posts
Showing posts with label Compensation Plan. Show all posts

Saturday, January 3, 2009

How to Find a Legitimate MLM Opportunity

By curtisbennett1977

5 Pillars for success! A lot of people now days are working from Home, but many more are just jumping from one program to another. What is the reason that some people really make money online and why others don’t?

Every time you search in Google “How to make money online”, How to work from home”, “Home based business opportunity”, “MLM business”, you get millions of websites showing you the best opportunity they have, but the reality is that we are only getting too much hype and lies from the majority of these opportunities.

I don’t blame these people because I was one of them…

For the past 8 years I’ve joined many opportunities for the same reason of all of you, and that is to “make money online” and to have”financial freedom”

I did everything my sponsors told me to do: I made a list of my friends and families, I create flyers, I spend a lot of money in PPC advertising, I bought thousands of business cards, I went to parking lots to put my cards in the windshield of the cars, I did business parties in my house, I went to business meetings, i bought magnetic signs for my car, and the list goes on and on….

Now I know that my lack of success was not my fault…instead, it was lack of education. No body showed me how to analyze a company before spend my time and money on them.

Finally I found an ebook called “Success in 10 Steps” by Michael Dlouhy, and this ebook showed me the real truth about network marketing business. In this ebook Michael talks about the 5 pillars for success and I want to share it with you.

Before you spend your valuable time and hard earned money I want you to follow this simple step to success, and that is to find a Company that has these 5 pillars:

1. Company management experience with integrity. Now you will say how do I know when a company has experience with integrity?….well all you have to do is go to Google and do a research in the company’s name and the owner & president’s name. In this first pillar you also need to request the policies & procedures of the company. You will be surprise to know that the majority of these companies states in their policies: “At its sole discretion, XXX Company may terminate a distributor for any reason upon 30 days prior written notice”.That’s how you know if they have integrity. Do you think is fair to have policies like this?

2. Timing in the Industry. A lot of companies brag about their Huge ground floor opportunity, but the reality is that the majority of these so called opportunities don’t last 2 years, so focus only in companies that already past the 2-3 years mark, as a matter of fact a good opportunity will be more strong after 2 years any way.

3. Remarkable Product that people buy and consume in a regular basis. I can say that this pillar is easy to find because a lot of companies have good products. Be advice that when we talk about product we are talking about real, tangible, consumable products, not downloadable intangible products.

4. Compensation Plan that pays the part time members. This is one of the most important parts in the 5 pillars. You have to have a pay plan that pays the average guy and not only the heavy hitters. The way to figure this out is easy, just decide how much money do you want to earn in your new business, let’s say $10,000 per month in residual income….now ask the person who’s presenting you the opportunity that tells you how many people in your team do you need to earn this income? If they don’t know that’s proof that you know more than they do, they always going to say only 2, or 5 but they don’t tell you that those 2-5 are going to do the same, so at the end of the process you find out that you really need over 1000, 2500 or even 10,000 members to earn your desired income. I can tell you the best compensation plan is that one that pays the most money with the least people, so find a company that only requires 300-400 members in your Team to earn that money.

5. Duplicable system in place. The last pillar for success is that you need to have a duplicable system that the average member can do it….remember people are not duplicable, systems are!

For your own copy of the book "Success in 10 Steps" by Michael Dlouhy, go to the link below:

http://ddengler2.bigmlmsecrets.com/?mad=15872

Saturday, September 6, 2008

Awesome Network Marketing Convention, Part 1

I just attended my first business convention. It was awesome!!

I bought my reservation with an early discount. So that I wouldn't back out from going to the convention, I bought my plane ticket early, too. I asked within my team for a motel roommate and booked a room with two beds before I could change my mind.

Months passed and my business was slow to take off. I was working on personal growth and learning all I could from the leaders on my team. In the business that I am in, you can ask for help from anyone else in the business. Your up-line, side-line, even the president of the company will encourage you to believe in yourself. People who have the freedom to own their own lives are within this business.

When the time came for the convention, I was a little nervous, wondering how I would be accepted without a big down-line, only a few clients.

I needn't have worried. I got off the airplane onto the motel shuttle to find that it was full of people going to the same convention that I was going to. We shared names, where we were from, and how long we had been in this business. Instead of feeling all alone, I was part of this group.

When we got to the motel, I started looking for my roommate. She was not checked in yet, so I called one of my team. No one had seen her or heard from her yet, so I got settled in the room before going to the team leaders room.

As I walked up to the door of the presidential suite I noticed that it was propped open slightly so that anyone could go in. I heard laughter and talking inside, but was unsure if I should enter. As I was standing outside the door, actually starting to walk away, someone opened the door and came out. It was someone that I knew by phone but had never met personally before. She called me by name and ran to give me a big hug. Then, she opened up the door to introduce me to the team leader. I was instantly welcomed and accepted into the group. I felt like I belonged.

I went down to the lobby to watch for my roommate, and several people came up to me and started talking. Everyone was introducing themselves, putting faces to names that they had heard by phone on the free training calls, giving hugs and exclaiming how glad they were to see everyone. More people kept coming and the family kept growing. Soon the lobby was very busy with people from all over the world.

A special dinner was provided the first evening for those at a certain level in the business. People were dressing up in formal wear and getting ready ride to that event in hummer limousines. Since there were some of us who were not at that level, we banded together and planned to eat together at a nearby restaurant. After we took pictures of our friends getting into the limos and riding off, we walked to a Japanese restaurant down the street.

We went around the group getting to know names and personalities and taking pictures while waiting for our food. We had a great time, but all agreed that we were going to be in the limos next year.

My roommate still had not checked in when we got back to the motel. I thought maybe I had mistaken the date of her arrival. No, I was informed that she had been planning to attend the limousine dinner. Still, no one was able to reach her by phone. Something was not right.

The next morning more people arrived, but my roommate was not one of them. I went to the table to get my ID badge and schedule. I found out that I had a ribbon of recognition on my name tag. That made me feel good about myself. Even though I was not as far as others, I still was very important in this business.

As the events started to accumulate and the training commenced, I began to realize that this business is more than everything that was promised.

A 5 Pillars Company:

1. Management with Experience and Integrity

2. Timing within the Company, Nationally & Globally

3. Remarkable Products that people need

4. Compensation Plan that rewards top performers & the part-time people

5. Proven Duplicable System that allows part-time or full-time people to create Royalty Income

For more information go to: http://ddengler2.successin10steps.com

To Be Continued.........