Comparing Opportunity Compensations Plan
It's important to understand your compensation plan, that's how you are going to get paid.
What does it take to break even and come into profit?
How difficult would it be?
Here is a suggestion that Ben Franklin used to make decisions on all matters. He would write it out......
Make a list. Divide a paper in half and list the pro's and con's.
Look at the benefits and the disadvantages what you like and don't like.... Remember use your head and take out
emotion when choosing a business, this is a great way to do it.
Some compensation plans pay a percentage of sales. Other have 100% payout plans... Some are residual and other are direct
sales. You will hear about 2 up plans or 4 up plans, plans that cycle
or pay more on the 5th level.... Breaking down your plan will also
convince you if this is a great opportunity for you, because it will
give you what you are looking for more time and more money.....
Pay Cycles
Some will pay daily, bi weekly, monthly and some after 90 days... Some send
checks and others direct deposit and still others pay direct cash to
you.....
What is your break even point? What will you have to do, to execute a plan that will get you to your
break even point on your investment? Example: "How many sales that I have to get ?"
What will be my monthly expense for advertising and marketing? What tools are needed for my business?
Set aside a budget for your business... I really don't understand people
who think that you can go into business without pulling out some money
for something....
So as an Independent, these are some of the things you will consider, to know if the
opportunity is right for you. Independents take action and start
working for themselves.
Gwendolyn Davis
Monday, May 31, 2010
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