"What doesn't kill you makes you stronger." Avid bicycle racer in my twenties and thirties. Realized I had to keep pedaling to finish the race! I use that logic in everything I do.
I'm truly thankful for all the people that have helped me along this journey! I make sure I do the same for other people.
"You can have everything in life, if you help enough people get what they want." -Zig Zigler
Latest posts by Thomas Wallace (see all)
- How To Design Your Own Lead Capture Pages - October 16, 2017
- Are you Serious about becoming Successful at Network Marketing? - October 15, 2017
- Don’t Sweat the Small Stuff – How to Get Rid of Stress in Your Life - October 14, 2017
What’s a MLM Binary Plan?
So you think you’re prepared to start your new network marketing business and you have done your homework.
Then when a person speaks to you about the compensation plan they mention the term MLM binary and you scratch your head – what does this mean?
You’re not the only one. MLM compensation plans look like they were written by mathematics PhD’s and appear to be incredibly complex. Though on the surface they may look difficult, but if you sit down with some one who knows about them they’re easy to figure out.
So What is an MLM Binary Plan?
Binary means two.
So you just have to consider everything in pairs.
One of the first things that you are going to have to do when you start building your new business is to recruit two new people who also need to enjoy the financial freedom of MLM marketing.
You may sign these new people up and they become your front line. This is your private line of backing and because this is a binary system they can then go out and recruit two people each to the team.
No More. No Less.
So now there’s three 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 other folks each, and allegedly every body makes lots of money and lives contentedly forever. Sadly, many sign ups won’t do what they say they’re going to do, and maybe Mary and Jane are lazy and do not function very well.
So now you have to go and find some new people to replace them, but you can’t substitute Mary and Jane with your new sign ups they must be placed under either Mary or Jane or one hire under each. It’s your decision.
Now What is Binary Spillover?
Your two new recruits went into the downlines of Dick and Jane and that is simply what binary spillover means. You have helped them build their business by giving them the first recruits in their downline.
This is one of the big advantages of the MLM binary plan and if you have got an active up line, this should be going down all of the time and may help you to build your side of the business.
You don’t stop there, you still have to continue to sponsor and induct a lot of people and 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 may enjoy a lot of spillover, but you will only be compensated when you keep adding new people.
So though you believed you were prepared to start your business this is another side that you must look at. It isn’t an issue of MLM binary being the right system for you, the question is how are you going to market your business to build your downline?
You have to have a plan to promote your products and also your opportunity to others to build your business.
One question is should you use an internet lead generation system and learn attraction marketing so as to build your business quicker and get even more rewarding?
What’s Your Advertising Budget?
Have you thought about leadership, because your downline will look to you as a leader and coach to assist them in achieving accomplishment in their own companies? These questions are vital and must be addressed, because truly it isn’t the compensation plan that’s so significant it is how you approach your business. You have got to know before you start what you’re going to do to build your business.
To Your Success and Happiness
P.S. If You Do Not have a Step-By-Step Blueprint For Success, Check This Out (Unless You Already Have Too Many Leads) – Click Here for instant Access.
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