What is commission run auditing? Why do it? Who should do it? How do you do it? What is Commission Run Auditing? Commission run auditing is a process of many steps to validate that your sales force is paid properly and accurately based on the rules of your compensation plan. Stated another way, acceptance of …
Category Archive: Compensation Plans
A Balanced Compensation Plan
A balanced compensation plan is a compensation plan that rewards new representatives, business builders, and leaders appropriately for the specific behaviors it is designed to motivate. Specific Behaviors All multilevel compensation plans should motivate and reward these specific behaviors: Personally purchasing your products or services Selling to customers (non-participants of the income opportunity) Introducing the …
MLM Startup Guide
If you are starting a network marketing or home party plan company, you may be looking for an MLM Startup Guide and the best resources to help you to create, launch and grow your new business. Start Here: A Guide for Starting Your Own Home Party Plan or Network Marketing Company is a 200+ page …
Take the 7-Question Compensation Plan Quiz
Compensation plans should be designed to motivate and reward seven key behaviors. To find out how your compensation plan is doing, answer “yes” or “no” to each of the following questions: 1. Personal Consumption Do your independent representatives personally use or consume your products? 2. Sales to Retail Customers Is the percentage increasing of total …
Ask Victoria: When can I use another company’s compensation plan?
If you are considering using another company’s compensation plan, exactly the same or with a few changes, I would ask you these questions: Is your • total budget for field compensation • understanding of different types of compensation plans all the same as those of the other company? Bookmark on Delicious Digg this post Recommend …