I've see you hangin around here often, I really appreciate that :) I like to see everyone have success. Access my personal training How To Sponsor Directly For Free. Thanks for coming back!

1 Year Later In MLM And she can’t Afford Her Domain Renewal???

I keep thinking back to something that happened with the first MLM company I joined. The one thing that turned me off and sealed my decision to leave.

It was during a Sunday night online team meeting in a webinar. We were discussing using domain names in order to personally brand ourselves. Something I knew the importance of and had been encouraging others to do.

I made a recommendation to use GoDaddy.com and was going to further mention their affiliate program when the team founder cut me right off.

She said that using GoDaddy for domain registration was a terrible idea, because after a year the subscription renewal rate went up and was too high. She gave an example of a girl she knew that couldn’t afford the $50 to renew her domain after her first year expired. (Note: GoDaddy’s renewal rates vary depending on which type of domain you get and which upgrades you choose, but renewing your domain is the same price, if not cheaper than when you buy it because they want you to keep your domain hosted with them. They will often run a sale on domain renewals as well)

This absolutely floored me. My jaw dropped and I was left with nothing to say. Which is also surprising because I love to talk.

How is it that after a year with the company she could not afford to renew her domain? Even if there was an increase in the renewal rate,,, I didn’t see the problem being with the increase in the rate. The problem I saw was that after a year of working everyday, all day, for a year to build up a sizeable downline, she still couldn’t afford to renew her domain name.

I thought ahead to the next year I would be having with this company and realized the compensation plan was not all it was cracked up to be. I started doing my homework on companies and found that it takes just as much work to make a big sale as it does to make a little sale. Why shouldn’t I be able to be paid a higher commission up front?

If I took all the effort that I had already put into my few weeks with this company and applied it to a company with greater payout. Then I could make in one sale what took me more than 10 with the company I was already with.

That was a no brainer. The saying “work smarter, not harder” was ringing in my ears.

So, from my notebook full of priceless info (I was a professional college student for years, I take good notes) was the excerpt about what to look for in a company’s compensation plan.

1. Upfront Payout. Again, it takes the same amount of effort to create a small sale as it does a big sale. Marketing a higher priced item is just as easy as a smaller priced one. Our own doubts about our capabilities to market them is what holds us back, there is no lack of purchasers. A larger payout on the front end builds momentum for your business. Multiple small sales = small commissions = burn out.

2. Residual income. This is your retirement fund. This is continuing income flowing from work you already did. This isn’t new money from a new sale. This is money that keeps coming to you, even if you don’t make new sales.

3. Matching Bonus. Whenever someone you bring into your company generates a bonus for themselves, you also get a 100% matching bonus.  You helped and coached your team to get them started in their business right? Then you should be rewarded for your efforts,,, on all levels within your team.

These are the three key points to choosing a compensation plan. Join a company that meets these requirements, and there’s no worries about renewing your domain. (There’s also no worries about when you can quit your stupid job)  See what I’m talking about by clicking here.

Popularity: 6% [?]