COMPENSATION PLANS: How do they work and how to DESIGN one

Compensations are one of the most important aspects of your MLM business. If you design a compensation plan poorly, you can often be stuck in money loss traps, as redesigning it often leads to people ducking out of your company.
Netready CEO, Richard Sletcher, discusses how Compensation Plans work and how to design one that will drive the correct behaviours and keep your team motivated to both sell and recruit.
We've started a new series where we discuss the different compensation plans out there. Check it out: • Compensation Plans
Chapters:
0:00 Intro
0:23 What A Compensation Plan Is Not
0:59 What A Compensation Plan Is
4:06 Why You Should Be Careful With Your Compensation Plan
6:18 The Three Big Mistakes People Make With Their Compensation Plan
10:05 How To Structure Your Compensation Plan
20:00 Identifying Leaders For Your Compensation Plan
32:23 Where To Find More Intel On The MLM Space
34:58 Outro
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#Netready #MLMforCEOs #MLM #CompensationPlans #MLMCompensationPlans

[@MLMforCEOs]

Chapters:
0:00 Intro
0:23 What A Compensation Plan Is Not
0:59 What A Compensation Plan Is
4:06 Why You Should Be Careful With Your Compensation Plan
6:18 The Three Big Mistakes People Make With Their Compensation Plan
10:05 How To Structure Your Compensation Plan
20:00 Identifying Leaders For Your Compensation Plan
32:23 Where To Find More Intel On The MLM Space
34:58 Outro

[@cafeconferences]

where and how can we get speadsheets please !

[@victoreneudoh406]

Thanks, I want to run an e-commerce mlm and we are interested to use unilevel plan, up to 8-10 level, paying out 37-48%. We have multiple vendor, with low payout of 10-25%. Can your figure us a workable plan that is attractive to shopper and help for longterm.