Tuesday, 17 February 2015

The Best Compensation Plan

Now that you have read my other post you would then agree with me that Multi level Network marketing is not only the business to survive in the 21st century that we are but it is the business that lead to Greatness.
Many people know this but the problem we nigerians face with most of the network marketing companies is their compensation plan and this has lead to many i mean MANY Nigerians becoming negatives and having GROSS hatred for the business and thus the original aim of the mlm industry to being service to many to achieve greatness is dead in Nigeria (read my other posts).

Enough of the stories. Am very sorry if i am going to hurt some feeling here because i'ld be mentioning the names of some of the notable mlm network marketing company in Nigeria that are ripping us out not to boo them but for some1 reading this to learn.

COMPENSATION PLAN
Multi-level marketing (MLM), also known as Network Marketing, is a business-distribution model that allows a parent company to market its products directly to consumers by means of relationship referrals and uu selling.

Stairstep Breakaway- In this plan, distributors have a pre-defined point or group sale volume and once this is achieved you break away from you upline to become independent. That is once the predefined volume is met either by sales or by recruiting you breakaway.

Unilevel plan- This is considered the simplest of all compensation plans because commissions are paid primarily based on the number of levels a recipient is from the original representative who is purchasing the product. Commissions are not based on title or rank achieved. By qualifying with a minimum sales requirement, representatives earn unlimited commissions on a limited number of levels of downline recruited representatives. 

Matrix Plan- This type of plan is similar to a Uni-Level plan, except there is a also limited number of representatives who can be placed on the first level. Recruits beyond the maximum number of first level positions allowed are automatically placed in other downline (lower level) positions. 

Binary Plan: A binary plan is a multilevel marketing compensation plan which allows distributors to have only two front-line distributors. If a distributor sponsors more than two distributors, the excess are placed at levels below the sponsoring distributor's front-line. This "spillover" is one of the most attractive features to new distributors since they need only sponsor two distributors to participate in the compensation plan(this is bad for Nigerians). The primary limitation is that distributors must "balance" their two downline legs to receive commissions. Balancing legs typically requires that the number of sales from one downline leg constitute no more than a specified percentage of the distributor's total sales. 

Hybrid plans- They are simply combination of two plans mostly unilevel and binary.

HERE IS THE TRUTH: Having read about the types of plan you will find out that the best of them all that is favourable to we Nigerians is the unilevel system.

Forever living is on the unilevel plan. They pay about N1800 on each person you introduce or enroll which is perfect. Among the others where in Nigeria, they are the first to use this plan that is why they exploded coupled with the fact that they have numerous product. As at 2011/2012 you would always find forever living product in almost every family you visit in Nigeria. The problem with forever is that 1. The registration fee was high although they have a very high profit on the sale of their product compared to the others. 2. The monthly target is too high. Imagine asking you to buy flp products worth 40k, 60k, 120k, dependa on the registration package you do. Now if you meet your target for 3months and you dont know aw to do direct marketing at the end of the 3rd month you would hit the streets, molue (911), become a semi-pharmacist just to sell away the product and even if you dont make any gain just have your money back.
Note: If you dont meet your target you dont get your earnings and you dont move up the plan.

GNLD- yes they are also on the unilevel plan but they have the same problem wit flp. 100pv target meaning you buy gnld drugs every month worth about 30k and they pay about N800 on each person you introduce, but still you wont get a dime if you introduce 10pple and you dont meet you target.
Its not a global business because a registered distributor in lagos cannot access any of their warehouse/office outside lagos (very bad).

Organo gold- binary system very wrong for nigerians because even if they pay you up to N2000 on each person you introduce and the rule is you cannot enroll more than 2pple directly that means you cant earn more than 4000 on enrollment for life. Registration fee is high. Leg balancing is just not a thing for Nigerians cus lets say if one leg of your downline ave grown to like active 10pple and you oda leg is still on 2pple, you will earn nothing until you balance the 2nd leg to 10pple.

Tianshi- Tiens is just off it for Nigerians because you earn nothing until you get to STAR 3 which you may never get to unless you register a whole community.

Vemma- Same with organo gold with leg balancing and circling. You register 2pple. Each person must complete a circle of registering 15pple each. If one person completes the circle you earn nothing until you balnce other and guess what when you do you get $50. You move up the rank by the total number of complete circles in ur team.

This is just to mention a few but trust me so many Nigerians are suffering in most of this business.
Note: am not saying no one is making money there but wot they do to make d money is hell. They put in 100% effort and their pay is just 25%. Thats hell. No wonder a friend of mine says "To hell with network marketing, put in the same effort in ur personal business" but guess what even if the business succeeds it would never lead to greatness(read my other post) because greatness only comes from service many.

TRÉVO- Trevo is also on the unilevel plan but the first amazing thing that got me startled was that Trevo pays a whooping N10000 on each person you enroll. Next to Trevo is Genesis global or Vemma paying N2500. The differnce is so much that it was too good to be true. If you enroll 10persons in Trévo you get N100000 instantly. There is no limit to the number of people you can directly or indirectly enroll. If you enroll sumone who enrolls another you get N2000. Trévo matching bonus 2k is higher than every other mlm company enrollment bonus.
NOTE that any company that says you shouldnt buy their product in a month would not stand the test of time because the purchase you make is what drives the company but how they tell their distributors to do that is of paramount importance. High monthly target is wrong. Trévo says you make a purchase of a minimum of 1bottle and maximum of 6bottles meaning you can either buy 1 for your consumption of for sale or buy 2,3,4,5, or 6 bottles depending on what your power can carry. You CANNOT make a purchase of more than 6bottles in a month.
Everyone knows Trevo sells for N12000 but as a distributor you buy it at the rate of N7500 meaning you make a profit of a whooping N4500.

The problem anyone can say he/she has with the Trévo compensation plan is not the efficacy of the product having 174 ingredient inside one bottle but is "how many people can drop N12000 to buy it"
I tell them that 1. You dont have any idea of how much people spend on a daily basis on their health. I met a woman who claimed not to have money and she had goitre, i asked what she has done to it and she said she has operated it 4times and it keeps growing. You can imagine how much she would spend on each operation. I introduced Trévo to her and before finishing 3bottles her goitre was completely gone. People are always happy to pay for SOLUTION.
2. Guess what?.. Trevo dont even want to to be sellimg the product. The N4500 you make on every bottle you sell is the least money you can make so why sell it. I buy 1bottle in a month, sometimes 3 and i drink it but i still make money money than people that sell now that is FINANCIAL FREEDOM.

I met a top earner in forever living some months back who get N1m every single month and he said he has been earning that for over 3years. I asked him what his monthly target was and he said 400k worth of flp product. I then asked him what he has been doing with all the accumulated products of 400k for 3years and he was like "my brother, i dash the one wey i fit dash out, sell d small wey i fit sell amd export d remaining to his brother in the US not demanding any kobo from him" and he said he has more than 30000people in his team.
One of the 3highest earners in Trevo a Nigerian Segun Sosanya takes home N10million naira every single month. All he has to do in a month is just to buy the max number which is 6bottles (N50000) to earn his money. Segun has a total of about 8000people in his team and directly he ddnt bring up to 20pple(power of leverage)
Gnld is about 56years, foreva is another old school giant mlm and Trevo is just 3years.
Based on my experience in 4giant mlm companies in Nigeria and attending the seminar of almost all i came to the conclusion that Trévo llc is the best mlm network marketing company present in Nigeria for Nigerians.
If you think yours is better hit me up lets discuss and if yours is really better i'll post it here and even sign up.
Whasapp 09093200039 or 08166070590 or call any of the numbers too.
Thanks