I listened in to a webinar last night and it was about comparing my business to other businesses, particularly comparing to multi level marketing businesses. This is a link to that recorded webinar:
Compare Webinar I am not going to discuss comparisons here, rather, I will talk about the rank and commission structure of my business. Keep in mind, whenever I use the term 'my business' or 'my company', it also means anyone who is involved, that could mean you.
There are only two ranks in my business.
Compare Webinar I am not going to discuss comparisons here, rather, I will talk about the rank and commission structure of my business. Keep in mind, whenever I use the term 'my business' or 'my company', it also means anyone who is involved, that could mean you.
There are only two ranks in my business.
- Associate - 25% commissions
- Manager - 50% commissions
Everyone starts off as an associate, me included. When I/you make three sales - That is to say you introduce three people to your business - you automatically get promoted to Manager status. This is permanent, you can't be demoted, ever. Needless to say the first goal is to make three sales. This leads me onto commissions. Firstly though it would be appropriate to mention joining costs, because it ties in with commissions.
There are three levels at which you can join:
- Executive Level $1995 USD 3 year term
- VIP Level $3995 USD 10 year term
- Elite Life Manager $9995 USD 99 year term
There are only two commission scales. You will receive 25% comms based on what level you joined at. For example 1: If you joined at VIP and introduced a person who joined at Elite Life, you will get 25% of your VIP level $3995 = $999
Example 2: If you joined at VIP level, had made three sales so you were a manager, then introduced your fourth person who joined at Elite Life, you get 50% of your VIP level = $1998
There are also in depth residual payments, a great way to leverage your business, too complex to discuss here. If you want to know more you can always contact me through my web site.
Note: If you join at VIP or Executive, you can always at anytime pay the difference and move up to Elite Life. That's the goal.
That's it for one day, until tomorrow.
TTFN
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