Are You Doing Your Homework Before You Look For A MLM Company?
Hey Guys,
I'm actually new to this community and wanted to make my first post as valuable as possible.
I've been involved with network marketing for about 5 years. The majority of those years have been major struggle for I have lacked the proper coaching, tools, systems, etc...
I have learned that struggle is common with most network marketers in the industry.
I've recently been fortunate to find a team of elite marketers that were willing to mentor me for free. True leaders in this industry. Network marketers with 30 years experience. This team has provided me with such valuable information that my head did a 180 degree spin.
Their training was based on 5 core ingredients... 5 key attributes that make up a solid and fair company.
...I'll share one with you here today, and that is:
Compensation Plans -
They exposed me to the facts of MLM. And here is one Powerful FACT I would like to share with you...
1 - With the average MLM company out in the industry right now, you would need about 2,600 people in your downline to make about $10,000 per Month.
However, there are companies in the industry right now that you would need 350 people in your downline to make that same amount.
Here is an equation to find out how many people you need in your downline to make 'X' Amount of money per Month.
For demonstration purposes, 'X' will equal $10,000
Take the (average residual commission %) multiplied by (average dollas spent on autoship) = Avg. Money earned per customer
You then divide your ($10,000{desired Income}) by (Avg. money earned per customer) = Amount of people needed in your downline.
You can use this formula to evaluate your own company or to evaluate other MLM companies in the industry.
Now, If your company holds up to par, this makes for one powerful question that you can use when talking to other network marketers, which is...
How many people do I need in my downline to make $10,000 per Month?
Most MLMers dont know the answer to that question, but you can help them figure it out with that formula.
And you can be sure that if your company holds up to par, that they will give up on pitching their company to you... but they will not forget about your company, knowing that it has a better compensation plan.
It also makes it so much easier to sign people into your business when you give them COLD HARD FACTS OF MLM.
I'm actually new to this community and wanted to make my first post as valuable as possible.
I've been involved with network marketing for about 5 years. The majority of those years have been major struggle for I have lacked the proper coaching, tools, systems, etc...
I have learned that struggle is common with most network marketers in the industry.
I've recently been fortunate to find a team of elite marketers that were willing to mentor me for free. True leaders in this industry. Network marketers with 30 years experience. This team has provided me with such valuable information that my head did a 180 degree spin.
Their training was based on 5 core ingredients... 5 key attributes that make up a solid and fair company.
...I'll share one with you here today, and that is:
Compensation Plans -
They exposed me to the facts of MLM. And here is one Powerful FACT I would like to share with you...
1 - With the average MLM company out in the industry right now, you would need about 2,600 people in your downline to make about $10,000 per Month.
However, there are companies in the industry right now that you would need 350 people in your downline to make that same amount.
Here is an equation to find out how many people you need in your downline to make 'X' Amount of money per Month.
For demonstration purposes, 'X' will equal $10,000
Take the (average residual commission %) multiplied by (average dollas spent on autoship) = Avg. Money earned per customer
You then divide your ($10,000{desired Income}) by (Avg. money earned per customer) = Amount of people needed in your downline.
You can use this formula to evaluate your own company or to evaluate other MLM companies in the industry.
Now, If your company holds up to par, this makes for one powerful question that you can use when talking to other network marketers, which is...
How many people do I need in my downline to make $10,000 per Month?
Most MLMers dont know the answer to that question, but you can help them figure it out with that formula.
And you can be sure that if your company holds up to par, that they will give up on pitching their company to you... but they will not forget about your company, knowing that it has a better compensation plan.
It also makes it so much easier to sign people into your business when you give them COLD HARD FACTS OF MLM.
It's Not Over Till I Win!
Do you see the glass half empty or half
full? The difference can mean success or
failure.
The simple things seem to be the most
effective and most overlooked.