MLM Binary Compensation Plans

mlm binary

You have checked everything out and you believe you are nearly ready to start your MLM or internet marketing business; but when they were talking about compensation the phrase “MLM binary” came up and although you attempted to look smart you have no idea what it meant.

You’re not the only one. MLM compensation plans look as if they were created by mathematicsand seem to be exceptionally complex. Although on the surface they may look complex, if you sit down with somebody who knows about them they’re easy to work out.

Here is What a MLM Binary Plan is

As we all know binary means 2.

So you just have to think of everything in pairs.

One of the first things that you will have to do when you commence building your new business is to signup 2 new folks who also need to enjoy the financial freedom of MLM selling.

You’ll sign these new people up and they become your front line. This is your private line of support and because this is a binary system they can then go out and recruit 2 more each.

No more. No less.

So now there’s 3 of you, you and two others. Let’s call them Mary and Jane. In the binary system Mary and Jane would go out and sponsor two others each, and theoretically everyone makes masses of cash and lives happily for ever. Sadly, many recruits will not do what they say they are going to do, and maybe Mary and Jane are lazy and don’t work very hard.

So you have to go find a few more folks and since you are only permitted to have a total of 2 people on your front link, you will have to put these new recruits UNDER either Mary or Jane.

Or perhaps you will place one under Mary and the other under Jane. Either way.

MLM Binary Spillover

When you dropped your new recruits into the downlines of Jane and Mary, they received upline spillover.

To paraphrase, you have helped them build one side of their business based totally on your work. And this is one of the great benefits of the MLM binary compensation plan – the idea that, if you have an active upline, they would essentially aid you in building 1/2 your business.

You don’t stop there, you still need to continue to sponsor and recruit lots of people. You do this to keep balancing the two legs of the plan with the right people because most plans only pay a commission when the product volumes balance.

You can enjoy lots of spillover, but you will only be compensated when you keep adding new folk.

So this is one of the first points you have to understand. It’s not an issue of whether MLM binary is best for you but the important question is how are you able to promote your business effectively? You have to have a plan in place to push your opportunity and your production.

What sort of budget do you have for advertising and selling?

Have you thought about employing a lead generation system, which by the utilizing of attraction marketing should help explode your business.

How will you persuade people you are the upline leader they are looking for to help them reach their dreams and goals?

These are the most vital questions, truly, because if any person has made money through a MLM binary program, and many have, then it’s not the comp plan that is in question. The question is, what will you do to build your business?

P.S. – Want to win in YOUR business like Seth is winning in his? Unlock his secret weapon to get more leads and more sales for your business in the next 24 hours. Get free lead training for your MLM binary business here: https://sethaalexander.com/bizbuilderuniversity

business opportunity mlm

What is a Business Opportunity MLM?

business opportunity mlmWhy A Business Opportunity MLM Makes Sense

We have been in a recession that doesn’t appear to be getting any better, and it won’t for a considerable time until these congressmen stop arguing among themselves!

Those without jobs, people who can only find part-time work and others who hate their roles and are looking for a business opportunity, Multi Level Marketing is one of the finest opportunities today.

Business Opportunity MLM Has Such a Bad Rap!

With a business opportunity MLM, once you have made a careful decision about which opportunity you want to join, you’ll pay an one-time buy in cost, then you can go off and build your business. You will be backed up by a powerful company, an upline that should be glad to help you start, and a great product you can promote with lots of help from the company.

A brick and mortar business is going to cost a good deal of capital to get started, including lease, vehicle costs, insurance, staff costs and one of the biggest costs is buying inventory.

Buying a franchise can be prohibitively expensive for most people, and that entails all of the above and paying the franchisor a large slice of your profits every month. As a business proposition, MLM is one of the least expensive to get into.

But I Know Nothing about Managing a Business

The expenses of creating a position in a good MLM business will depend entirely on the business. Some start out extraordinarily low, others can cost thousands. Which business opportunity MLM you choose is completely up to you and your budget.

It will still cost considerably less than a brick and mortar business or a good franchise. Both of those sorts of business require big capital and ongoing costs such as rent, payroll, operating expenses, advertising, etc. If you are thinking about affiliate promotion, it’s not as straightforward as the so-called pros tell folks. Affiliate income can be really small and your life will be spent driving traffic to your websites, writing articles, and trying to get your internet site on page one of Google.

To earn large amounts of cash you’ll have to outsource a lot of the work, which involves coordinating with outsourcers and paying them. There aren’t really enough hours in a week to run more than about ten affiliate internet sites correctly without help.

OK I’m Sold, Now What Do I Do?

O.K, if you have never been in MLM or internet marketing before, do this. Read everything you probably can about network marketing first. The wheels which will drive your business will be leads, good leads.

The toughest thing for a recent arrival to MLM is generating those leads. There are offer systems that will help you hugely to get leads, get established, and earn some money while you are learning.

Read, learn and digest all you can about the MLM business structure, and also compensation plans which can on occasion be very mystifying. This should take you at least a week of intense self-education on the internet.

Which Business Opportunity MLM?

If you decide you have got the right stuff as they say, then you should start to look for your business opportunity MLM. There are thousands of them. New MLM business opportunities are popping up every day. Get yourself a big pad or make an Excel spreadsheet until you whittle your decision down to 3 or 4. Now spend as much time as you can gathering as much information about the company as possible. Down to financials and who the managing team is and if they’re stable, now go for it.

P.S. – Want to win in YOUR business like Seth is winning in his? Unlock his secret weapon to get more leads and more sales for your business in the next 24 hours. Get the free business opportunity MLM training here: https://sethaalexander.com/bizbuilderuniversity

mlm tips

MLM Compensation Plans – Can You Draw a Circle?

mlm compensation plansConfused by MLM Compensation Plans?

Have you been considering getting into the MLM business but comfused by MLM compensation plans? A lot of folks are because it is an overwhelming enterprise and you can make lots of cash. But it is important that you glance at the company’s compensation plans before making a call, as many of these plans differ.

Let us assume you have recently done some homework about the company you are considering, and they look solid. You poked around online and found both good and bad info about the company.

It appeared that all the complaints came from pissed off distributors, but hey, that’s due to the fact they didn’t work hard enough to build their team.

You have to work at any kind of job to be a success don’t you? That will not be an issue, you know lots of people.

But what about the MLM compensation plans the companies are providing? Did you take the time to look and understand them? If you’re still uncertain, please do not think you’re stupid as, some are complicated.

Here’s the thing. Most MLM compensation plans aren’t hard to figure out if you go over it a couple of times and actually pretend, on paper, you are creating a business.

In fact, this is often a healthy exercise to do so that you can outline a nice plan of action and one or two goals.

In each business there are terms unique to that business. It’s not critical to understand what a matrix system, a binary system, or an Australian one up system is. It’s not important.

The issue is are people making the sort of money that you would like to make in the specific program? The truth of the matter is you can, you just have to stand by and get ready to build your business.

MLM Compensation Plans Sign Up Bonuses

One thing to have a look at is if the company pays any sort of sign up bonus.

For example, it may cost $150 to join and the company may pay out a $20 sign up bonus.

This is good, although not that good if you compare it with a company that costs the same to join but pays out a solid $50 per sign up.

It’s a fact that without selling you and your team are going to run out of people to approach with your opportunity, so selling is going to become necessary. Advertising isn’t free. Thus the bigger the bonuses the company offers the more cash you can put away for the time you’ll need it to pay for promoting and advertising.

But if you do not make any cash signing people up, how can you afford to continue to market and promote your business?

You almost certainly have heard of heavy hitters, these are the guys that join up, are massively successful, and build their companies fast. Are you going to get paid for their efforts as well or are you going to have to balance the legs of your binary plan by finding an equally hard hitter?

Bottom line: Select two or three companies you are considering and compare their MLM compensation plans side by side as if you are truly creating a business. Pencil out the number and determine which is the best MLM compensation plan that matches the income levels you wish to achieve.

P.S. – Want to win in YOUR business like Seth is winning in his? Unlock his secret weapon to get more leads and more sales for your business in the next 24 hours. Get the free MLM compensation plans training here: https://sethaalexander.com/bizbuilderuniversity

mlm tips

The Easy Way to Build a Free Network Marketing Business

free network marketingIt’s an excellent concept to have an interesting website when you start out using free network marketing methods. But the crux of the matter is your internet site needs to be found, and this is where SEO is important.

Before starting you could have selected a considerable number of keywords pertaining to the products that you’re going to be promoting. So when a person searches for “pink fuzzy slippers” your website will ideally be on the front page of the search results.

So how on earth do you get your network marketing internet site onto the 1st page of the SERPs? There are numerous ways that you can go about this, and it involves finding places where you can advertise your network marketing business for free. By promoting actively online and off-line, and making your site search engine friendly:

  • Participate on social media sites such as Facebook, LinkedIn, YouTube and Twitter.
  • Become an active participator in forums related to your products or service.
  • Write lots of articles. Those articles should be providing beneficial info to people who are searching for your particular product.

Using Social Media for Free Network Marketing Advertising

YouTube gets billions of hits a week, Facebook has over 1,000,000,000 active users, right there is a goldmine, but only if you use them in the right way. Social media sites could make or break a business and thousands have failed just because they don’t know the way to go about social media marketing correctly. Of course, you might pay for advertising on Facebook, but it is only effective if you’re already a recognized business, and most small companies blow their advertising budgets in a few days with few results.

Another way to expose your business is on Twitter, but there’s already a large amount of noise on there from inexperienced users. Don’t be one of them and get ignored because you’re branded as a bother. Again you have got to find out how to use this medium in the correct way.

YouTube makes some people thousands of bucks. This is a great way to do free network marketing advertising.

Get over being camera shy, and don’t say you can’t afford the hardware or software. Better to put part of your promotion budget into purchasing the equipment, than spend money on PPC advertising.

YouTube is the fastest way of branding you and your product. This is because YouTube is owned by Google.

Don’t say you can not afford to get a WebCam, software or mic because they are dirt cheap nowadays. You can even get free movie making software online or from Microsoft. It’s better than blowing your money on some useless Facebook advertising campaign. YouTube gets your face out to millions and is an effective and efficient way of self branding.

Good forums are excellent places to give good information and find answers too. You can get ideas for videos and articles simply by seeing which questions are asked most often.

The Final Free Network Marketing Promotion Method

Article writing takes a little time, but when you submit to sites like Ezinearticles, you place a link back to your website. Many people are really successful with this strategy.

In fact, my mentor, a top producer used these free network marketing methodologies to generate over 800 leads, pocket more than $4,000 in affiliate payments, and bankrolled a few folk into his primary MLM opportunity – all in around 90 days – using article marketing. Learn how he did it here.

Employ a compilation of all these methods, and your traffic will grow and you’ll get those essential qualified leads for your business start flowing in.

If these free network marketing techniques aren’t working for you, you really need to get some help with your business. Stop struggling, it is time to put your business on the fast lane don’t you think?

P.S. – Want to win in YOUR business like Seth is winning in his? Unlock his secret weapon to get more leads and more sales for your business in the next 24 hours. Get the free network marketing training here: https://sethaalexander.com/bizbuilderuniversity

mlm tips

MLM Recruiting Insider Secrets

mlm recruitingAsk anyone that is successful in the MLM business and they’ll tell you that they concentrate on and focus between 80 and 90 percent of their time on MLM recruiting. You must do the same if you wish to get financial freedom. Recruiting and sponsoring. Here’s where all heavy hitters make their money. And that is it in a nutshell.

Think about it.

You might represent the best vitamin, service or technical advancement in the history of mankind – but if you spend all of your time promoting the product and getting new clients, don’t you really just have a glorified commission-only sales job?

Now, instead if you focus on recruiting to your MLM opportunity and training your new people to sell your product effectively, now do you see there will be lots of people doing what you were doing, and your business will be growing quicker because of them.

On your own you may only be able to sell 100 units of the product in a single month. But once you have a well-trained and effective team you could be selling thousands of units each month!

MLM Recruiting It’s a Numbers Game

Take a close, hard look at the business of any internet marketing six-figure or perhaps seven-figure earner and you may be stunned to discover almost all of their cash is made of the efforts of less than a half a dozen top producers.

Not hundreds. A few. And, chances are, they didn’t personally even sponsor or hire these heavy hitters.

The great majority of folk in social marketing quickly lose interest in their enterprises, or just do not make it. Only 30 percent who sign up will actually last past the first 3 months. Who can say why? Perhaps folks are lazy. But it is a sad fact. Only 3 percent out of this 30 percent will become the ones who make 6 and 7 figure incomes.

The others may do particularly well and just make a couple of thousand dollars a month, many individuals are quite happy doing that.

Those 3 percent will become the heavy hitter megastars. So if you are considering internet promotion think about that, how are you going to personally find the time and the most effective strategy to recruit and sponsor at least one hundred new team members knowing full well that only 30 will stick around.

It’s a numbers game like anything in business, the action to take is to anticipate and ensure that your MLM recruiting is getting that tiny percentage who will make you lots of revenue.

Increasing Your MLM Recruiting Success

To personally sponsor a hundred new team members you want present your network marketing opportunity to well over a thousand possible team members.

Maybe more. So you need to figure out a way to create a good flow of new prospects to take a look at your business.

Any idea how you are going to make this occur?

While there’s no wrong or right way to do MLM recruiting – you’ll need to go through the numbers because it’s a sifting and sorting process, not a convincing and selling process.

You need to get a way to hook up with a large number of folks on an everyday basis, direct them to a simple display, and follow up with those who have expressed an interest.

One of the swiftest and simplest ways of MLM recruiting is by using an internet MLM lead generation system. You could almost call it MLM recruiting on autopilot, you set it up, you promote the system and then the system attracts those people who are looking to change their lives. You are left to concentrate on other aspects of your business.

Of course, if you have set aside a budget for promoting and advertising, you might need to start running advertisements online and most likely off-line too. You may also discuss putting together an advertising co-op with your downline members and splitting the costs and the ensuing leads. Find what works for you and keep at it. If you’re just starting out you want to find those hundred recruits. So start now, decide what MLM recruiting will work for you and keep working on it.

P.S. – Want to win in YOUR business like Seth is winning in his? Unlock his secret weapon to get more leads and more sales for your business in the next 24 hours. Get the free MLM recruiting systems training here: https://sethaalexander.com/recruitleadersnow

Seth Alexander

The Law of Attraction Made Easy

the law of attractionOn initial consideration of what Steve Pavlina calls the Law of Attraction, it looks like some stuff from the hippie age.

When you first look at Steve Pavlina’s concepts behind the Law of Attraction, if you are old enough, you might think it is something from the peace and love time of the mid 1960s. When you discover that Steve uses his own methods throughout his many businesses, and he has earned a number of degrees, you may think he came from a wealthy background. He did not, and you may be amazed to find out that his search for private growth and development came when he was incarcerated in his late teens.

Do I Really Need an Individual Development Program?

You will find lots of reasons why some people are useful yet others aren’t. Frequently it’s simply due to the way in which effective people think. They’re determined that they’re not going to quit, while someone in an identical scenario will chuck in the towel and fail. Steve shows individuals the proper way to be effective and think in ways which will allow them to overcome the reasons why they are not able to achieve what they would like to. He has learned that what holds a lot of folks back is possibly what happened during infancy and how folk are programmed to think while they’re young. It’s known as conditioning. If you’re continually failing at what you do – particularly in business, or your private relations, I suggest you visit StevePavlina.com – you’ll be there with thousands of other visitors. You may be overwhelmed by the articles he’s got on his website – a lot of them are really useful for altering how you think about things.

For example, why do you not like to do some things? Frequently, since you have been unsuccessful doing something in the past, you connect those things with failure. If you are running your own business, this may translate into something similar to being shocked to call folk on the phone to request leads. Steve offers effective methods for getting over these problems.

The Law of Attraction for Private and Profitable Company Development

Steve states you can attract anything you need, so in business you can attract that which you actually need. The Law of Attraction will help you achieve your goals and overcome problems more easily. By having the power to stay positive and knowing the most effective way to bypass these hindrances will be part of your own self improvement. Eiter you progress or you quit, but with your own business and understanding the Law of Attraction quitting should not occur.

Ideas from the Law Of Attraction

Do you actually have any positive targets set for your business, or are you wandering around lost in a fog? Steve shows you that having a solid goal set and being aware of that goal all of the time, the Law of Attraction will move you closer to your targets quicker.

Simply asserting you actually need to save for your kid’s school fund will not get you anywhere towards that goal without doing something about it. With a new or established business you must have set goals in mind. Some people seem to be born knowing they are going to be successful. For the rest of us Steve Pavlina’s Law of Attraction can give an understanding of the right way to think and achieve success.

Another great resource to build the Law of Attraction inside you is MLSP’s Biz Builder University. This system will give you all the knowledge you need to brand yourself as a top tier marketer and professional. Once you have the knowledge you will be able to effectively use the Law of Attraction to attract high quality prospects directly to you. No more chasing after people! This is the most powerful way to utilize the Law of Attraction in the industry.

Seth Alexander

There Is No Magic Elixir for Success In Network Marketing

success in network marketingSuccess in network marketing can only be attained by tough work, resolution, and a considerable number of other factors too including successful network marketing strategies.

If you’re going to be a success in network marketing you must understand right from the beginning this is a job, not some idle pastime.

You must dedicate yourself from the first day, and work constantly towards your goals.

But do you even really know what your targets are?

The majority of folks go day to day never understanding what their final goal is. Recently there was a survey among college kids. They were asked to scribble down their goals in life.

Some had absolutely no clue, some were vague, and only a little 3 of them had any concept of what they were working towards.

Ten years later these students were approached and surveyed again. Those students who were definite about their goals ten years before had become much more successful and wealthy than the others who were still rambling around without definite goals.

Determining Targets for Success in Network Marketing

So think about why you would like to start your own business. It doesn’t matter if you’re retired. Success in network marketing doesn’t depend on your age, it is possible for anybody to become successful, and at last enjoy a wealthy and long retirement.

Think how you’ll organize yourself. Write down your goals and print them out, then hang them in an outstanding place so that you can see them. Now get arranged. Decide what quantity of your time each week you can dedicate to your network marketing business, and be pragmatic! Although you may have a steady job, being organized and dedicated will mean you will come home and work on your business, and not watch TV. You don’t have to become a recluse and give up your social life, just dedicate certain hours to working on your business. Keep on looking at your ambitions. If you can only work on your network marketing business 2 hours each night, make sure you do, and get into the habit. The habit and MLM secret that will produce success in network marketing.

Steps to Success In Network Marketing

You need to follow certain definite steps when you start your network marketing business and those steps are a part of a system. Following a system is exceedingly important, and finding the proper system that will work for you is vital. This is my number one of all the network marketing tips out there, find a system that works for you and dedicate yourself to it.

Don’t get tempted to purchase any of the supposed guru courses that you may find, these folks are full of theory, but have never done network marketing for real.

The only real way to learn network marketing is to learn from folk who’ve been in the business for a long time and between them have made millions of dollars.

Learning the art and science of the enormous thing that is direct reply marketing in order to generate leads is the key to success. This is what is sometimes known as attraction marketing. Leads are the key. Branding is vital. Your goal is to grow a business and not just hire a ragtag downline.

For instance, done properly you can literally create leads on demand, pocket thousands of bucks in commissions, and sign up more folk in a month than the majority do all year long… By simply promoting one giant online attraction marketing funnel.

Click here for more information on how to be a success in network marketing.

Seth Alexander