Showing posts with label comp plan. Show all posts
Showing posts with label comp plan. Show all posts

Tuesday, April 19, 2011

Big MLM Tip of the Day: How Many People Do You Need to Make $1000 a Month?

Do you know the answer to that question? Let's start with an easier one. How many people do you need in your organization to break even? 

Most people cannot answer this question since comp plans can be hard to follow. These are questions you need to be able to answer. If you need 20, 30 or more people just to break even, keep in mind that most people never build that big. 

I have said it before, but you need a comp plan that pays the part time distributor. Nearly everyone starts out as part time, and if they cannot earn any money, they will never become a full time distributor. 

Look at your comp plan. Figure out how many people you need to:
  • Break even
  • Make $500 a month
  • Make $1000 a month
  • Make $10,000 a month
Once you know the numbers you can create a game plan on how to get there.
 
BEST OF LUCK!

Wednesday, February 23, 2011

Big MLM Tip of the Day: The Dollar a Month Club

I don't want to mention any company name, but you have surely seen these programs. 


You can earn a whole dollar per month per referral down through X number of levels. 


At $1 per referral, it would take forever to get anywhere. What makes it worse; these programs have about a 98% attrition rate. 


That means that if you wanted to make $1000 a month, you would need to have had over 50 thousand people recruited into your group to have 1000 who stick around. Look at your comp plan. What would it take for you to make $1000 a month?


Pretty good odds huh?
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