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picture1_Sales Plan Examples Powerpoint 67761 | 48645415 Network Marketing


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File: Sales Plan Examples Powerpoint 67761 | 48645415 Network Marketing
set up mainly consist of independent unsalaried salespeople associates independent business owners dealers franchise owners sales consultants consultants independent agents are awarded a commission based upon the volume of product ...

icon picture PPTX Filetype Power Point PPTX | Posted on 28 Aug 2022 | 3 years ago
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        SET-UP
         • Mainly consist of Independent, unsalaried salespeople, associates, 
            independent business owners, dealers, franchise owners, sales consultants, 
            consultants, independent agents.
         •  are awarded a commission based upon the volume of product sold through 
            their own sales efforts as well as that of their downline organization.
          LEGALITY
          •  Many pyramid  schemes try to present themselves as legitimate MLM businesses.
          Note:-. Good plans where the money you make is based primarily 
             - on people outside the plan who intend to use the products
             - rather than on the number of distributors you recruit and your sales to them.
   CRITICISM OF MLM
   • In 1979, Amway was found guilty of price fixing (by requiring "independent" 
    distributors to sell at the low price) and making exaggerated income claims
   • The FTC also warns that the practice of getting commissions from recruiting 
    new members is outlawed in most states as "pyramiding”.
   • Walter J. Carl stated in a 2004 Western Journal of Communication article 
    that "MLM organizations have been described by some as cults (Butterfield, 
    1985), pyramid schemes (Fitzpatrick & Reynolds, 1997), or organizations rife 
    with misleading, deceptive, and unethical behavior (Carter, 1999), such as 
    the questionable use of evangelical discourse to promote the business 
    (Hopfl & Maddrell, 1996), and the exploitation of personal relationships for 
    financial gain (Fitzpatrick & Reynolds, 1997)".
   • the loss rate for recruiting MLM’s is approximately 99.9%
   COMPENSATION PLANS
   • Unilevel plans:-Every distributor the person sponsors is considered to be on that 
    sponsor's frontline and there are no width limitations, meaning there is no limit to 
    the amount of people one can sponsor in the frontline. . This is due to the fact that 
    commissions are normally paid out on a limited depth, which typically means 
    sponsor can earn commissions on sales between 5 and 7 levels deep.
   • Stairstep Breakaway plansThis type of plan is characterized as having 
    representatives who are responsible for both personal and group sales volumes. . 
    Once predefined personal and/or group volumes are achieved, a representative 
    moves up a commission level. This continues until the representative's sales volume 
    reaches the top commission level and "breaks away" from their upline. The original 
    upline usually continues to be compensated through override commissions and 
    other incentives.
   • Matrix plans This type of plan is similar to a Uni-Level plan, except there is also a 
    limited number of representatives who can be placed on the first level. When all 
    positions in a representative's downline matrix are filled (maximum width and depth 
    is reached for all participants in a matrix), a new matrix may be started.  
    representatives in a matrix earn unlimited commissions on limited levels of volume 
    with minimal sales quotas
   Contd…
   • Binary plans: 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 
    distributor's front-line.
   • Hybrid plan are compensation plans that are constructed using elements of more 
    than one type of compensation plan.
   PYRAMID SCHEME
   • A pyramid scheme is a non-sustainable business model that involves the 
    exchange of money primarily for enrolling other people into the scheme, 
    without any product or service being delivered. Pyramid schemes are a form 
    of fraud.
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...Set up mainly consist of independent unsalaried salespeople associates business owners dealers franchise sales consultants agents are awarded a commission based upon the volume product sold through their own efforts as well that downline organization legality many pyramid schemes try to present themselves legitimate mlm businesses note good plans where money you make is primarily on people outside plan who intend use products rather than number distributors recruit and your them criticism in amway was found guilty price fixing by requiring sell at low making exaggerated income claims ftc also warns practice getting commissions from recruiting new members outlawed most states pyramiding walter j carl stated western journal communication article organizations have been described some cults butterfield fitzpatrick reynolds or rife with misleading deceptive unethical behavior carter such questionable evangelical discourse promote hopfl maddrell exploitation personal relationships for finan...

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