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I am always stunned by the number of people who are trying to build a business in network marketing who have never bothered to evaluate the company that they are working with, or for that matter, have never studied to even learn what it is they should be looking at if they were to try to evaluate a company.
This is easy to understand if you consider that nearly all people who get involved in network marketing do so because of their warm market. Some they already know, be it their brother or sister or friend, introduced them to the opportunity and not much more consideration was given to it beyond that.
Back in the days before the internet was really being used too much -not really that long ago for all you young folks out there – somebody would present you with an opportunity to make some more money and draw all the little circles and lines of the matrix out for you and as far as you knew that was the only company in the world that had this type of system. Until someone else came along and showed you a different one.
Today we learn about a new opportunity and we immediately get online and begin looking for all the reasons why we shouldn’t join that on. This can be good and this can be bad. It’s so much easier now to do you research, that is, if you actually know what you should be looking for. But if you opportunity is not legitimately competitive it makes it far harder to hang on to people.
Sometimes a great, helpful product is enough to get certain people to stick forever.
You know, they guy had arthritis so bad that he couldn’t even walk and then he started drinking “Super-Berry Juice” and his arthritis cleared up totally within 6 months and now he can play tennis again.
I love stories like that. I wouldn’t expect that guy would drop off. He’s not doing it for the money. They guy is on a mission of healing, not a quest for riches.
Could be the least efficient pay plan out there. This wouldn’t matter because the intention is mainly to help. I commend such people for being so dedicated to a cause, and for having something that they can get so passionate about, and that they can make a business of. It will be harder to make money in that situation but that okay.
That example is not that of the great majority however. Money is the motivator for most of us. If I already had an endless supply of cash I would just get up in the morning and start playing guitar and not stop until I fell asleep on top of the thing late at night. Sure, there are probably folks who would disagree but I am convinced that hardly anyone would be marketing just for fun if there we no need whatsoever for income.
And that’s okay as well.
I’ve observed that many network marketers find that they are no so keen on their opportunity once they have been taught the primary points to look at when evaluating a company.
I provide a training video to my teams which covers the items to look for when examining an MLM company. I’m not going to cover all of that material here but there is one really important item that I did want to go over.
This point is related to doubling your income and your signup for your MLM business, without doubling the amount of work that you are doing. In particluar I’m talking about commission percentages.
Some big companies are paying out only thirty or thirty-five percent of their total income in commission. You could find smaller percentages depending on qualification rules and so forth. I’m just talking about overall here.
Commonly, it would be considered very good to have a commission payout of 50% overall. If a company has to manufacture a product, and had to develop it, and has to store it and so on, it could be very difficult for them to pay out commissions exceeding 50%.
Obviously, a company with an information product would have an advantage in terms of costs.
iLearningGlobal pays out around 73 or 75%, somewhere in there. Same for TVI Express and Diamond Rewards, Pyxism, Diamond Holiday, etc. These are not companies that I market. I’m just pointing out some examples for you.
The way that you can double your income by really doing the same amount of work has to do with this percentage.
Getting a lead take roughly the same amount of work no matter which company you are working with.
There are a lot of companies where you can make nearly nothing, even though you are recruiting, because your downline is not meeting their qualifying volume or they simply fall out.
We’re not going to cover Retention here but it is massively important.
All other things staying constant, if you were to simply switch from an opportunity which pays out 45% to one which pays out 90%. If you are honest with yourself and look at what needs to be done in order to actually create a certain amount of sales volume in each opportunity, and then you look at what would be the result should your commission on that sales volume double, this becomes quite clear as to which direction to go.
I only know of two companies that pay out 100%
One is called Infinity Downline.
Infinity Downline is an affiliate program based on a monthly membership of $25, and each person you enroll results in a $25 per month residual income for you.
This seems unlikely upon first review as one must ask, “Where is the company making money?”. They have other means of creating profit such as offering different marketing tools and services. But the commission payout for Infinity Downline 100%.
So basically you earn $25 per month for every member you bring in.
I cover the pay plan in a different article.
But here you have 100% payouts.
After 12 years in this business I had never seen a company pay out 100% until I came across Infinity Downline. There is only one more that I know of and it is owned by the same people.
So all other things being equal, if your current opp is paying out 50% or less, you could double your income for no extra work by moving on over to Infinity Downline.
Click the link to discover how to absolutely crush the competition in your Infinity Downline, or any other network marketing business.
