The 4 General Areas of a Network Marketing Comp Plan

Doug Firebaugh:

Generally, when you consider a Comp Plan, you will want to know about 4 general areas about it that many people will want to know about….

1) The First area is Retail Profit.

You must show the prospect that they can earn a retail profit with your products and services…usually it about 50%…

2) The Second Area is Team Overrides.

This is where, just like a Real Estate broker, or Insurance Broker, you can develop a team of Reps and help them become successful, and get paid a certain % of override off of them, just like the Real Estate and Insurance Brokers do.,,,,,you are sort of a “Master Broker� for your company, and help others do the same thing. This is where most people have trouble with MLM….they don’t understand that what we do is just like a Real Estate or Insurance Broker…only better.

3) The Third Area is Leadership Bonuses.

This is where you help develop Successful leaders in your group, and you get an additional bonus or override form your group….you get rewarded by helping others develop their Leadership….the most fair compensation in the world.

4) The Fourth Area are Rewards…like trips and cars.

This area is a favorite among Network Marketers…..once you have reached a level of success, many companies will give you an additional car payment money, and also take you on trips that you can qualify for…a great incentive to work!!!

Be sure you understand the components of the Comp Plan you choose …this was just a VERY General Overview, and that is all.

Again…..KEEP THE COMP PLAN SIMPLE.

The More Simple you keep it, the more powerful it becomes in MLM and Network Marketing.