It really amazes me, the large percentage of folk who are busy trying to grow an MLM business, but who haven't really bothered to take the time to properly evaluate the company they are pushing, or who have also not really learned what things they should be looking at even if they did decide to do an evaluation of their company.
I suppose the very nature and common practice in network marketing revolves around the warm market and the great percentage of folks involved in MLM are with the company that they are because their brother, or cousin, or friend, etc., was with that company and that just happened to be the one that they were presented with -an "if it's good enough for Joe, it's good enough for me" mentality.
Before we were really using the internet so much to do our marketing -seems like yesterday - somebody would present you with an opportunity to make some extra 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.
Now everyone just gets on Google and begins looking for the good and bad about your newly presented "greatest opportunity ever". Whether you think this is good or bad, it definitely throws some changes into the operation. It's so much easier now to do you research, that is, if you actually know what you should be looking for. If your company and opportunity are not as competitive as they should be you will find that this makes it harder to hold on to people.
A small percentage of people will join and stick with a company simply due to their pride in the product.
Could be a situation where the guy had some debilitating illness that totally resolved after taking the product.
I dig that kind of story. I'd expect such a person to stay right where they are. They aren't in it for the money anyway. They are on a mission of healing, really.
It could be that they have one of the least competitive pay plans on the planet, only paying out say 20% overall. The intention here is to help, not get rich. Kudos to people like that for caring. Certainly, it is going to be more difficult to make money in such a situation but that's okay.
That is not the case for most of us though. Nearly all of us ARE in it for the money. If I didn't need money at all I would just sit and play guitar 6 hours per day, for no reason other than the enjoyment of it. While there are people who will argue to the contrary I am convinced that 99% of us would be doing something other than marketing if we had an inexhaustible source of funds.
Nothing wrong with that either.
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.
The idea has to do with doubling or tripling your results, your income, your recruiting, without doubling or tripling your work time and effort. I'm talking specifically about the percentage of revenue that your company pays out in commissions.
In our industry their are companies that pay out only $20 to $30 for every $100 they take in. You could find smaller percentages depending on qualification rules and so forth. Just overall.
Generally, a commission payout of 50% of total revenue overall would be considered very competitive. 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.
iLearning Globe was paying out around 75%, that is until they shut down the network marketing side of their business. Same for TVI Express and Diamond Rewards, Pyxism, Diamond Holiday, etc. I'm not endorsing these companies. I'm just pointing out some examples.
Here is how you double your signups, buy examining this percentage of payouts.
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.
Retention is a subject for another time.
If one were to simply go from an opportunity which was paying out 30% of their total revenue to one in which the total payouts were 60%, that would effectively double one's income. So pick a Sales Volume and then factor in a 2X commission for that sales volume and then the decision becomes very easy.
There are only a couple opportunities that I know of that pay 100%
Infinity Downline is one of the two.
Infinity Downline pays out $25 per month for each member one enrolls at $25 per month. Thus the 100% payout.
I first wondered where the company was making their money. In fact they make money by offering various supplemental marketing products and services. But the payments are made directly from member to member using the Infinity Downline automation software, and the pass through is 100% of the payment.
For each member you enroll you earn a $25 per month residual income.
The comp plan I go over in a different post.
But here you have 100% payouts.
After 12 years in network marketing I don't think I've ever seen a company that paid out 100% until I came across this one. I know of only one other, and it is run by the same folks.
So purely from a money-making standpoint, Infinity Downline could theoretically allow you to double your income fairly quickly with the same amount of effort, provided your current opportunity pays out 50% or less in commissions.
To really profit from your Infinity Downline business, or any other business, be sure to see the resource box and follow the links.
Uncover how to absolutely dominate with your [
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Article Source: [
http://EzineArticles.com/?Infinity-Downline,-Double-Your-Income-With-No-Extra-Work&id=4065269] Infinity Downline, Double Your Income With No Extra Work
