License Type: Giveaway Rights 
File Size: 786 KB
File Type: ZIP
SKU: 56108 
Shipping: Online Download
Ebook Sample Content Preview:
Chapter 4: Matrix Network Marketing Compensation Plan
Synopsis
Sometimes known as a Forced Matrix plan this format is quite different from other plans is there is a definite restriction on the amount of frontline distributors and individual is allowed to have. However is managed well it can have its moments of serving as a very lucrative alternative to generating a comfortable side income.
Matrix
Following the same basic structure of recruiting people to become distributors and to promote the products or services offered, this plan differs in its limitation clause.
Effectively this means the individual can only recruit up to a set amount of people to be part of the frontline group and any other interested parties would have to be added to someone down the line. This is called a spill over.
These other recruits would then be placed under other recruits and the process repeats itself. The obvious advantage here would be that the sponsor can concentrate on nurturing the small group of recruits without the distraction of having to find more frontline distributors.
Thus the idea is to build a strong core group which in turn continues to build other equally strong core groups. Recent modifications have been able to make the entire package more appealing while giving the distributors more control over their business directions.
Unfortunately the amounts of commissions generated and paid vary greatly as the compensation plan is based on the various different levels evident.
Therefore some would translate this to mean that it would be more beneficial to help certain levels within the group rather than all involved.
The compensation plan can also be quite a challenge to explain to new recruits as it can be quite complicating. This can be a setback for the individual trying to convince or convert prospective clients into committing to becoming an active part of the business.
Chapter 5: Binary Network Marketing Compensation Plan
Synopsis
Working on a similar concept to the matrix plan the binary compensation plan also works on a limited concept of frontline distributors. The idea behind this concept is to create a comfortable working relationship with a small group to ensure optimum revenue generating results.
Binary
Working with a smaller group allows for better training and individual attention giving sessions to motivate and encourage the recruit to perform at his or her optimum level always.
This will help to keep those involved focused and working towards the goals set efficiently and effectively. As the binary compensation encourages the building of a wide and basically infinite down line organization the system automatically ensure the new members are placed beneath the existing members.
This system can be duplicated many times over to eventually contribute to a strong and well manages business engine. The internet marketing term for this would be spill over.
The pressure of having to sponsor a large group of people to form the frontline or core group is nonexistent thus taking some of the stress out of the equation.
This spill over can also work as a motivating factor for those who joined the group who are less than productive or are not reaching their potentials.
Having a new recruit placed under the individual and watching firsthand the new comer’s growth would ideally motivate the principal party to become proactive themselves. Being able to build a network that has clear performing boundaries and depth with the advantage of becoming so, at a fast pace is clearly an advantage when revenue earned is needed at the same matched speed.
The automatic motivational elements present within this more focused style, also contributes to its success rates and popularity. The spillover concept can positively contribute towards helping a weak link become stronger as all parties work together towards one success orientated goal.
Chapter 6: The Benefits In Understanding Compensation Plans
Synopsis
Though often not highly rated and sometimes even taken for granted the compensation plan of any endeavor should be given priority if it intends to attract the best and the most capable efforts and mindsets. Compensation plans are also what dictate the loyalty elements within any setup, thus providing good compensation plans is important if the endeavor intends to retain and cultivate some level of the said loyalty.
Advantages
These compensation plans are ultimately the platform from which revenue is calculated and earned. Having sound knowledge of the types of businesses available in the internet marketing arena and their respective compensation plans will allow the interested party to make decisions best suited to their own individual needs and aspirations.
The decision made to join a certain endeavor sole based on the compensation plan offered is not encouraged for obvious reasons.
These include ensuring the accompanying products or services being sold are of a high quality and also the strong management style of the intended company in which the individual is about to join.
If these other contributing factors are not considered carefully, having a good compensation plan will not benefit if there is nothing worth selling.
Understanding the various jargons and terms associated with the compensation plan is also another aspect that should be given due consideration.
For some these may seem a little intimidating but with some careful study and help from those more experienced understanding these terms can be achieved.
- File Size:786 KB
- License: Giveaway Rights
- Tags:2015 Ebooks Give Away Rights
