The Compensation Plan There are many types of compensation plans, roll-ups, bonuses, matrices, commissions are just a few. What are your ROI (returns on investment). How good is the compensation plan, alwasy compare them to other online companies where possible.
What are your ROI (returns on investment). How good is the compensation plan. There are many types of compensation plans, roll-ups, bonuses, matrices, commissions are just a few. There is no one compensation plan better than the other, it depends on what it is you want to get out of the business. With some opportunities the compensation plans mean high numbers of potential customers or clients, which in turn can be costly to get them in the first instance.
When looking at the complensation plan a question to ask yourself is, how quickly can I make back my start up costs through the compensation plan shown. i.e. if the business start up has cost you $1,500 and the compensation plan is either a percentage of the sales or the products, or a commission to bringing in other members of your team, how many potential prospects will it take you to pay back your start up costs.
The Compensation Plan There is no one compensation plan better than the other, it depends on what it is you want to get out of the business. With some opportunities the compensation plans mean high numbers of potential customers or clients, which in turn can be costly to get them in the first instance.
Look at the how much it will cost you to become either 'an affiliate, or Franchisee, or Distributor'. There is the initial sign up costs which need to be bourne in mind. How much money have you got to invest into your own home business? make yourself a budget and look for an opportunity which is within that budget.
Bear in mind ongoing costs, all businesses have ongoing costs, but make sure that these are listed up front, so there are no surprises for you after you have 'signed up'. There may be a time lag, from when you purchase your business to the income coming in. Be prepared to have a learning period where no income will be coming in straight away, unless you have people who you know will be interested in your products right away.
A few things to remember, always due your due diligence. Check out the company thoroughly as far as you can online and offline, on message boards and forums.
Be prepared to have a learning period where no income will be coming in straight away, unless you have people who you know will be interested in your products right away. There may be a time lag, from when you purchase your business to the income coming in.
What are your ROI (returns on investment). How good is the compensation plan. There are many types of compensation plans, roll-ups, bonuses, matrices, commissions are just a few. There is no one compensation plan better than the other, it depends on what it is you want to get out of the business. With some opportunities the compensation plans mean high numbers of potential customers or clients, which in turn can be costly to get them in the first instance.
When looking at the complensation plan a question to ask yourself is, how quickly can I make back my start up costs through the compensation plan shown. i.e. if the business start up has cost you $1,500 and the compensation plan is either a percentage of the sales or the products, or a commission to bringing in other members of your team, how many potential prospects will it take you to pay back your start up costs.
The Compensation Plan There is no one compensation plan better than the other, it depends on what it is you want to get out of the business. With some opportunities the compensation plans mean high numbers of potential customers or clients, which in turn can be costly to get them in the first instance.
Look at the how much it will cost you to become either 'an affiliate, or Franchisee, or Distributor'. There is the initial sign up costs which need to be bourne in mind. How much money have you got to invest into your own home business? make yourself a budget and look for an opportunity which is within that budget.
Bear in mind ongoing costs, all businesses have ongoing costs, but make sure that these are listed up front, so there are no surprises for you after you have 'signed up'. There may be a time lag, from when you purchase your business to the income coming in. Be prepared to have a learning period where no income will be coming in straight away, unless you have people who you know will be interested in your products right away.
A few things to remember, always due your due diligence. Check out the company thoroughly as far as you can online and offline, on message boards and forums.
Be prepared to have a learning period where no income will be coming in straight away, unless you have people who you know will be interested in your products right away. There may be a time lag, from when you purchase your business to the income coming in.
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