My dear friends Bob and Anna Bassett have again brought some interesting MLM facts to the table, enjoy!!!

Lou Abbott (MLM – The Whole Truth) speaks out about binary compensation plans:

“Binary compensation plans have a huge unsolvable problem that makes them inherently unfair and bad for the industry.”

According to Lou, the pros of the binary are:

1. You only have to build one leg.

2. You get spillover.

3. You get paid to infinite depth on one leg and perhaps some from the other leg.

4. You can have multiple business centers.

5. Matching bonuses are a smart improvement, solving the big problem of finding your strong builder in your power leg, not your pay leg.

6. You can join a power leg where someone builds your strong leg and you only have to build your pay leg.  [Ed: Some consider this a pro, but Abbott and Olson call it a major con.]

The cons are:

1. You must balance your legs.

2. You get paid commissions like 10% on weaker leg.  [Ed: This makes your commissions actually 5%!]

3. Spillover creates entitlement and a welfare mentality leading to zero business.

4. Binary Creep:  Early binaries paid out too much to top leaders and then eventually too much to the field, making the company unviable.  This was solved by caps on earnings.

5. Power legs lead to binary games.  Leaders will demand to be placed in a power leg where one leg is built for them.  They will work only if the upline builds the leg for them, leading to more entitlement and more welfare mentality.

6. Binary compensation plans are inherently unfair.

Jeff Olson (The Slight Edge) has had huge success and experience in the network marketing industry.  Jeff makes things obvious when he explains …

“Binaries are wrong.  Experienced leaders who understand the industry will demand to be inserted into a power leg so they only have to develop their pay leg.  They prey upon people who know nothing and put them into their pay leg.  Those people now have to build two legs while the leader only has to build one.  The inexperienced people have to do twice as much as the experienced leader because “they just didn’t know.”

That’s not fair.  It’s the big secret of binaries. 

People eventually realize what has happened to them when they can’t get powerful networkers to join them in a pay leg.  Once they understand they have been tricked, they will leave and go to another company where they can demand to be put in a power leg.  In that company, they will put people into their pay leg and repeat the unfair cycle. 

There’s no stability in a revolving door.”

A lack of understanding of our industry can cost you thousands of dollars and years of failure and frustration.  To protect yourself and to maximize your success, you’ll want to read this free report, Big MLM Lies.

And please enjoy the video below by Lou Abbott and Jeff Olson!

FREE SUCCESS MANUAL

If you have ever wondered how to build your business without buying leads or joining a paid program to have more prospects? Then you need some of Tom “Big Al” Schreiters free training, 40 years in this great industry is sure to get you on track!!

Every Saturday, at 1 PM Eastern Time, our skills group is hosting free Webinar’s that will be teaching “Big Al’s 25 Skills”…the skills necessary for success in your network marketing business.

“You will hear Big Al himself discussing each skill, and you won’t have to pay a thing!

“Covering each skill will take 2 weeks, and they will be recorded for playback.  Here is a link to the 25 Skills:    http://bigalskills.com/

Here is the link to view/listen to the past and register for future free webinars http://mlmreadysetgo.info mention Randy Fried as your inviter. Still some wonder why we do this? It’s because we believe in this great industry, no matter what company you partner with you deserve the training to be successful.

Are You Working For Minimum Wage in Network Marketing?

Many Network Marketers are working working for minimum wage and do not realize it.

Check the number of hours that you are working and divide that into your bonus check amount to get your answer.

It is usually a shock when we see the answer.

The remedy is to spend fewer hours using skills that do not work and learn the skills that do get results.

If the results that you want include more customers and partners then contact me to learn the 25 skills that work and they are free.

Save yourself any more failure, frustration and minimum wage checks.

Are you walking past a fortune?

Would you like to be swamped with prospects?

 Get an extra Weekly Paycheck