INSIDE SECRETS OF M.L.M. COMPENSATION PLANS Presented by MarketWave CEO and DRA board member Len Clements
Compensation plans can be one of the most mysterious and confusing aspects of a network marketing opportunity. Although most companies employ qualified compensation plan consultants to assist them in developing efficient, ethical pay plans, there are a not-so-small minority that do not. Whether it be due to incompetence, deliberate deception, or a reluctant but necessary effort to remain competitive, there are several comp plan aspects being employed today that look great on paper, in theory, that rarely live up to the hype. Some companies are counting on the ignorance and naïveté of their distributors and prospects when designing their pay plans.
That is, they weren’t counting on you hearing a presentation like this one.
Inside Secrets of M.L.M. Compensation Plans is a presentation much like that of a rogue magician who exposes how all the tricks work. Once they’ve done that, the illusions lose their power to persuade. Len intends to do the same thing with M.L.M. compensation plans.
Here are just some of the points that will be covered in this presentation:
1) Why your compensation plan is the least important aspect of your opportunity’s income potential.
2) The importance of where a plan is “weighted” and how most plans today are weighted the opposite of what is most optimal.
3) How BVs and CVs are used to manipulate you and water down a pay plan.
4) Why every plan has “breakage” (unpaid commissions) and how to spot it.
5) Why no plan can pay “infinitely” in depth, and the catch among those who claim they do.
6) Other illusionary pay plan benefits that rarely benefit anyone, and why.
This will surely be a controversial, but extremely enlightening presentation. But to be clear, this discussion will not favor any one type of pay plan over another (see #1 above). The aspects exposed during this 60 minute training will be applicable to any and all types of plans, and every distributor is vulnerable to them regardless of what type of plan their company uses.
Please attend, and tell your team!
Thanks for your support of the DRA training calls, and your commitment our great profession.
Association of Network Marketing Professionals
As division of the Distributor Rights Association
The call is at 5:30 PST (8:30 EST), Thursday, Feb. 4th. To listen only, call: 712-432-1001, access code 485438492# To participate in Q&A (time permitting), call: 712-432-1000, code 569864201# Thanks. Len
The call is at 5:30 PST (8:30 EST), Thursday, Feb. 4th.
To listen only, call: 712-432-1001, access code 485438492#
To participate in Q&A (time permitting), call: 712-432-1000, code 569864201#
Thanks.
Len
Was this recorded?
Tim,
It was recorded, but I believe the recording id only available to DRA members. I''l check.
Got this from DRA site. Hope this helps. (Music lasts for awhile, or you can FF)
DRA Weekly Conference Calls Published:2/3/2010
Every Thursday evening at 8:30PM Eastern, the DRA hosts a conference call. To listen only: Dial (712) 432-1001 pin 485 438 492# To listen and participate in Question and Answer session: Dial (712) 432-1001 pin 569 864 201# To listen to the recorded call (after the call has ended): Dial (712) 432-1011 pin 485 438 492# The previous conference calls are archived for DRA Members in your DRA back office.
Hey Troy:
I listened last evening to Len's discussion on MLM Comp Plans on the weekly DRA call.
I must say – it was really "exceptional" – very comprehensive – covered areas that I greatly appreciated!
DRA – As a former, proud member of the DRA (Distributor Rights Association – http://www.MLM-Wiser.com ), on their Board Of Directors (like you) – representing my country of Canada for almost 4 years – I am delighted to see someone of Len Clement's stature on our DRA Board – as the Director Of Education. This speaks volumes for him, our DRA, and our industry.
And many thanks as well, for all that YOU do for our great industry, Troy!
Warmly / Peter A.
Peter Arnold, CLU, CFC / Founder
Business Achievers Academy / Canada
How do I get to a recording of this call and information on compensation plans???
Jerry,
You can go to http://TheDRA.org and see if it is posted. I believe the archives are only available to members, but check it out and see.
The call is also archived at http://www.MarketWaveInc.com/audiolibrary.asp.