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What is Binary Network Marketing Pay Plans

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By claudefoo


Binary Network Marketing Pay Plans

Binary pay plans are one of many compensation plans in the MLM/ Network marketing Industry that helps to pass on some of the revenue collected through the sale of products caused by the actions of the distributor network in the market place.

Binary means two, and so all you need to do is to introduce the products to two people and you are in business. It is very much like a human cell dividing into 2 and then 4 and then 8 and so on. In matter of months or a few years the organisation of distributors and customers can far exceed many thousands.

The secret is never to quit once you start in network marketing. A few vitamin companies embrace the binary plan and some of them are in the top 5 mlm companies in the world to work with.

Most binary plans have their volumes capped at a certain figure so that the compensation does not eat into the company profits. Look for a binary plan that offers their distributor at-least 38 to 42% payouts as this is the industry average that most sales companies use to pay their distributors in other conventional fields.

Please don't fall for the old saying that "my plan pays the highest" as this will normally come at the price of the quality of the product suffering.

The Top Ten Network Marketing Companies

Every year thousands of distributors vote for their favourite network marketing company and each year along with the editor of the magazine called "MLM Insider" a select group of companies make it to the top 10 best companies list. As you may be aware only one company can be at the number one spot. It is quite a feat to be place right at the front of the pack.

MLM Insider is a respected publication for the industry. The companies are judged on a number of topics of importance. Some of them are:

  • Company longevity
  • Company management and financial history
  • Product quality
  • Distributor training
  • Compensation plan

It is rarely that a company ranks number one back to back year after year. In fact this is something quite unheard of in the industry of network marketing.

If you are contemplating joining a company in this industry you must have a read of an article in REUTERS, dated March 6, 2008. Its certainly a good read and is a good place to start your research if you are looking for information on the top ten best network marketing companies in Malaysia or for that matter in any other country.

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newlife malaysia  says:
3 months ago

a well written description about the payplan (at times referred to as compensation plan)

a free tip for newcomers to the field. network marketing is a worthwhile business, however all considerations to be taken b4 embarking on any mlm.

there are not many business models out there.

be practical about the pricing of the products (is it affordable), does the product really proven to work or only just hype by promoters. is it easy and fast for any new comers to see money too. all these criterias have been listed in the top checklist for every network marketers. else, your business would die a natural death.

regards,

alexander

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