Regardless the scale of your new start-up MLM/Network Marketing company, the commission scheme or marketing plan is the core and most important aspects of a network marketing/ MLM opportunity is the compensation plan. Basically based on our years of experience, a good compensation plan or marketing plan should address or target three groups of people:
- Consumer Group – Let ask yourself, does your company prefer the plan to be a consumer orientated. If yes, the payout should design accordingly follow the objective.
- Retailing Group – In any MLM/Network Marketing organization, there always be a group of networker is very good at selling company products to consumers. These are the group of people that normally is strong in personal selling instead of managing network. So how does your compensation plan reward this group of people?
- Networker – This group of people traditionally is neither nor good spending consumer or good personal sales performer. However, they process good leadership skill and good in managing the network organization. As such does your compensation plan able to attract and retain this group of people?
Therefore what and how is the compensation plan able to achieve that? Please talk to us and we are happy to share with you our experience.
Aside from designing and implementing a good and successful MLM compensation plan, other factors may have impact to your organization compensation plan, such as:
- Your target market?
- What is your product?
- Product fulfilment channel or delivery method in common terms
- Payment settlement
Compensation Plan currently available in the market:
- Breakaway Plan
- Unilevel Plan
- Matrix Plan
- Binary Plan
- Hybrid Plan
Therefore what and how is the compensation plan able to achieve that? And let's be realistic because everyone is working for reward in many ways, such as money, recognition and residual income. Please talk to us and we are happy to share with you our experience.