Thursday, April 14, 2011

MultiLevel Marketing - MLM And The Matching Coded Bonus

MultiLevel Marketing - MLM And The Matching Coded Bonus

By Jim Patterson




I remember back in the nineties hearing about people involved in the MLM known as Excel Communications building these enormous monthly checks. People said it was because they were an MLM that had such a great product. And while they did have an outstanding product, that was not really why people were able to get their residual incomes to such astounding levels.

Excel is, of course gone now as their product (long distance phone service) was made obsolete by VOIP (Voice Over Internet Protocol) and the resulting free long distance service we enjoy today. We can still look at their pay plan though and learn by it what it was that was different about how Excel members were compensated.

I have talked with several people that were involved back then and with one or two exceptions, the Excel Comp Plan was not that different than we see in the industry today. Without fail however, each and every person mentioned one specific aspect of the plan. And they had a story to tell about someone in their team (sometimes LOTS of people in their team) who were able to exploit to create life changing residual income.

The Matching Coded Bonus - This is what it was called. And I heard stories about teachers building seven figure monthly incomes. I heard of many people building seven figure annual incomes, and uncounted numbers of people that were able to build six figure incomes for the first time in their lives.

Here is how it worked -

When a new rep started to build their team of personal enrollees, the first three were assigned or "coded" to someone above them. Who that was will become apparent shortly.

From the fourth enrollee on, each and every one of the people enrolled by that person were coded to them. And therefore, the first three enrollees that THEY brought into the business got coded to them, as opposed to the individual that enrolled them.

Remember that this coding was only for the purposes of the Matching Coded Bonus, which was paid like this:

As with most MLM comp plans, there was a fast start bonus paid to the enrollee at the time a new person made their qualifying purchase. A matching amount was paid to whoever that enroller was coded to.

So the important part of this is that the enroller was the one coded to someone. And from that point on, for each and every person that enroller signed into the business, the person they were coded to earned a Matching Coded Bonus.

Since the first three people sponsored by "Rep X" after he (or she) sponsored their own first three get "Coded" to "RepX", he then got this bonus on each and every enrollee that those people signed up to infinity. So by it's nature this coded team grew exponentially.

So as you can see, Excel's product, while excellent was only half the story. The real power behind the massive residual income their members were able to create was the Matching Coded Bonus. Coupling another excellent product (hopefully one not destined to obsolescence) would be a dynamite combination that would make it possible to create Excel's results but for a much longer time.

There is such a company operating right now!

They have a product that cannot become obsolete, and a dynamite comp plan including Matching Coded Bonuses!

Learn more about it all here: Numis Network




Article Source: http://EzineArticles.com/?expert=Jim_Patterson


http://EzineArticles.com/?MultiLevel-Marketing---MLM-And-The-Matching-Coded-Bonus&id=6167368




6 comments:

MLM - How does mlm multilevel network marketing work and does it? said...

Great article! had fun reading it. Filipinos need these kind of information for further learning.

Cheers!

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