Understanding MLM Pay Plans – How Does MLM Work?
I have a hard time at times, realizing how many people just don’t understand how MLM pay plans work until I look back at how far along some of the top network marketing companies have come.
MLM is a marketing strategy in which the sales force is compensated not only for sales they personally generate, but also for the sales of others they recruit, creating a downline of distributors and a hierarchy of multiple levels of compensation
There was a day that MLM multi level network marketing had a very bad name. That was until the likes of Donald Trump, Sir Richard Branson, and Warren Buffet started promoting network marketing opportunities to be a smart business model.
Here is a short video that I created. It will help you understand the top 5 ways we can get paid if we have a work from home network marketing business.
I have been into so many things attempting to get ahead in life. I have had successes and failures along the way
Looking back it was often me that I failed and not the MLM. If we fall off our horse and get back on again we don’t fail.
Making mistakes are a good thing if we learn from them. How does that saying go? “I didn’t fail 1,000 times trying to make a light bulb, I found 1,000 ways that it didn’t work”.
Tweet This. “I didn’t fail 1,000 times trying to make a light bulb, I found 1,000 ways that it didn’t work”.
Mindset is key
This is the same attitude we should have when it comes to MLM multi level network marketing. If we fail at one no problem. All it takes is to find the right combination of a great company that has great products or services. And of course, a great upline support team to help us learn along the way.
And oh yes, understanding MLM pay plans is a great start.
I can’t offer you any cast iron this is how it works statements because the fact is all MLM pay plans are different. Your gonna fail at some. Probably a lot of them actually. But then you have to see these bumps in the road as part of the education.
Here is what is key success in Multi-Level Marketing
You have to like and trust your upline.
You must know the business inside and out.
If the business is product based, WOULD YOU BUY THE PRODUCT? If not how can you sell it?
You must work extremely hard and i mean hard.
Consider your final decision very carefully.