What is the Best Compensation Plan?
To determine the best compensation plan, there are a number of factors that should be considered. Some compensation structures are more suited towards the gun recruiters and those with industry experience, while others are more supportive to people that are new to the industry, part-timers and the so called “average” distributors. Given that this webpage is focused towards new-comers and people reviewing the network marketing industry for the first time, our research has found the Binary Plan to be a smarter and safer option for new destributors.
Since its introduction in the 90’s, the Binary Plan has established a solid reputation and arguably is the best compensation plan in the industry. In our opinion the Binary Plan is one of the reasons the industry has started to regain more credibility. It promotes a team environment, which fosters team success, as opposed to individual success. That is, for individuals to succeed in the binary plan, their team must also succeed. The Binary Plan allows even the average distributor to achieve success. It is structured so your upline distributors provide a great deal of support for not only you, but for your downline distributors as well. Making it an ideal environment for newcomers and part-timers, trying to develop their organisations.
The Binary Plan continues to become more popular across the industry, with the majority of new companies now opting to use this form of compensation structure. Although there are some compensation plans that might be more rewarding and attractive to your experienced networkers and gun recruiters, most people in the industry are supportive of the
Binary Plan
because it is both simply and fair to all distributors. This is also supported by the industry’s largest publication Network Marketing Magazine, (MLM Insider) which has consistently voted the Binary Plan as the industry’s best for the past 8 years running.
Network Marketing Business School encourages you to pick a Network Marketing Company that not only provides you with the best opportunity, but one that is also supportive to your future work colleagues (downline distributors). Additionally as stated previously in this chapter, although it is important to consider the compensation plan when evaluating which Network Marketing Company to join, the product range and practicality of the company’s business model should also be considered.
Note: Each compensation structure has both pros and cons and more information about each structure is discussed in detail throughout this chapter. Please return to the start of this
Comp Plan Chapter
if you wish to learn more about how to understand a compensation plan or you want to review the different structures.
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