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Best MLM Education Product/Service?
Many MLM companies are working in India some are product based, some computer education based and some insurance based. The companied which are education based most of them are just money schemes because 99.9%members of such companies to whom they called distributors or business associates are not interested in their on line or off line education even company or main leaders put pressure to join new person so that they can generate money. And even their education are designed in such a way that student prefer to go to other institutions. So I think these are not real MLM companies, they are just quick money schemes, only a few people generate money from them other felt cheated.
Some companies are product based they boast of 70% return of middle man money which is wasted on advertisement, wholesale and retailer’s profit. But if you see their product price they are priced 700% higher than product available in market.
There are some other companies which deal in insurance. Some companies deal in life insurance and some deals in general insurance, companies’ which deal general insurance are just befooling people because they charge 10 to 20 times extra for same policy which is available in market. But some companies like SHINE doing good job in market in such companies if someone fail to grow network he has nothing to loose because he got worth for what he had paid.
THINGS TO CONSIDER IN MLM
1. Credibility & Stability of the Company
2. Products (Valuable and useful)
3. Wealth plan
4. Professional Team support
You will get all avobe only in SHINE.
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ABOUT PLAN
A well written MLM business plan / Compensation Plan will help communicate not only with your future creditors; it lays a blueprint on how you are going to manage your business. Set out your management goals and procedures first; this way you will have a guide on fall back on when time starts crunching. Your business marketing and advertising strategies should also be in your business plan.
BINARY PLAN
A binary plan is a multilevel marketing compensation plan which allows distributors to have only two front-line distributors. If a distributor sponsors more than two distributors, the excess are placed at levels below the sponsoring distributors front-line. This "spillover" is one of the most attractive features to new distributors since they need only sponsor two distributors to participate in the compensation plan.
Binary plans are so named because they are built on a matrix of two. You can sign only two people onto your first level. Everyone else goes beneath those people. One of the good feature in binary plans is that you are not paid base on levels at all, but instead, on a specified, maximum purchases (over some period of time, often weekly).
THERE ARE VARIOUS TYPES OF BINARY PLAN LIKEWISE
The plan grow is from top to bottom. Any member can immediately sponsor only two members as shown in fig.
ADVANTAGES OF BINARY PLAN