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After several years in business, XELR8 Board of Directors made a final decision to put an axe to their distributors’ commissions and compensation plan. An official letter was released to all XELR8 distributors early last week outlining the details of the compensation plan termination and scheduled date of the release of the new compensation plan. Distributors have until February 28th to make their final sales and accrue bonuses which will thereafter be discontinued. A story like this is not uncommon in our field. So what question does an unexpected change like this raise for XELR8 distributors?
Do they have a business model that can survive a major change like this? I would bet that MOST of XELR8 distributors do not have a funded proposal method of doing business. And most probably do not have multiple streams of income. Now I am not referring to owning many businesses and being involved in several MLM companies, although the idea would not hurt.
But rather, I am referring to having system in place in which your business infrastructure is designed to survive a change like this. Whether your company’s compensation plan changes and you decide to stay, your company closes its doors, or even if you decide to leave, you must have an online marketing funnel. This allows you to make money upfront regardless if your prospects join your business or not. With this approach, you have better security in the event you need to make a move.
In addition, an online system or offline system that allows you to brand yourself and build a list database will definitely give you an unfair advantage over most network marketers. You see, when a company makes a critical change or even closes down, distributors are left in the dark. Even if some distributors stay after a compensation plan change, many will leave. Attrition is part of the challenge of our great industry. It’s not perfect, right?
However, smart marketers do not have as great of a challenge as ones that are not prepared. Ask yourself this question: are you prepared to lose your primary business income? If not, then please keep reading because I am about to reveal to you how top internet marketers and network marketers utilize in building their businesses.
They first start by branding themselves and not their company or products. Next, they work on building a massive list database and building a relationship with that database. And through that funnel of branding themselves and list building, they are able to accrue affiliate commissions. Now some of these commissions are one time, whereas others are residual. Now how does that sound? Would you rather rely on one income and take the risk of losing all of it. Or…would you rather be building multiple streams of income through a funnel and offer your primary business on the back end?
This is what the top internet marketers are doing. In the event that they need to make a move, they have a much better chance of making the transition smoother, especially if most of their team members are on their list and making a residual income with their online system. But even if they decide to go to another company, you are not at a complete loss are you? They are still on your list, and you can continue to maintain your relationship.
Despite this possibility, I have seen amazing things happen. I have seen entire teams having to make a move because of unexpected reasons. They usually do amazingly well given the fact that they have a huge list as well as their organization. The transition is not as difficult as what a conventional marketer would have to do to with their remaining team members.
You have a choice to put yourself in the same position. Building a huge list database is critical for the security of your business just in case the unexpected happened.
To discover the system that top internet marketers are using to build their business online, that is GUARANTEED to put more money in your pockets, even if your COMPANY goes out of business or changes its comp plan…Fill Out This Form Below…
To find out what Top internet marketers are using to build their businesses online, that is GUARANTEED to put more money in your pockets, even if your COMPANY goes out of business or changes its comp plan…Fill Out This Form Below…
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