There are a few different compensation plans in the network marketing arena. Make sure you fully investigate before jumping in.I’ve experienced a couple different ones, but I’m really the biggest fan of the Binary Compensation Plan. Here’s why:
Easy to Understand: I’m a pretty simple guy and I like a plan that is easily understood. A binary compensation plan is easy to describe to prospect business partners.You can only put new downline on the left or right team.How do you make it any simpler? Keep it even simpler by telling new reps to place OUTSIDE left or OUTSIDE right.Don’t forget to ask your upline what is typical in your network marketing company. For me, the simplicity of the plan outweighs any detractors.
Two Lines: A binary compensation plan only has two sides. That means you can devote time as you see fit and drive growth in the shorter leg if needed (always consult your upline leadership regarding the property placement of new members).You can get a megastar on one of your teams that explodes his downline into 12,000…you can just focus on your other team!
Help From Upline: You may be able to take advantage of your upline’s growth.Depending on timing and where you’re placed, you could ride along with your upline’s success. Again, it all depends on where your upline is placing new members, but you could realistically get a huge power boost by not even lifting a finger.
Leg Bottoms: You can really focus on the very bottom of each leg to promote further growth. What does that do?It can really pump up new team members and ignite a fire with those reps who’ve been around for a while.How does this motivate new reps?Your team will focus on getting new reps off to a fast start . Help them grow their business.
Synergy: Say you have someone you’ve sponsored named Brian.Brian could be a rockstar-in-the-making, but hasn’t grasped his potential yet.His organization is growing as yours is. Why? Because depending on which leg he’s on, at some point you will have to put new members under him. What does that do? That starts the growth of his business. At some point he should take a look at his business and realize, “Holy crap! There are 390 people on my left leg! I really like binary compensation plans!” Show him how this will allow him to only have to work on one of his legs. Try sending Brian a quick email saying, “Congratulations on the growth of your business.” See if he’ll take the wheel.
The synergy, if fostered correctly, could spread like wildfire. Literally you can have a group utilizing the binary compensation plan and everyone is working together to build the collective team. Awesome!
Do your due diligence and fully investigate your network marketing company’s compensation plan. Dig into what it takes to grow your team.Look at it from all angles and make sure you know how you’re getting compensated.Binary compensation may or may not be for you.So check it out…and good luck!
