Compensation plan (marketing or bonus plan) is an algorithm that determines the volume and order of accrual of financial rewards for MLM company partners. Marketing sets the direction for the development of the project.
Why do you need a marketing plan?
First of all, marketing ensures the implementation of the following tasks:
1. Enterprise profitability. A high-quality bonus accrual plan plays a role linkedin data in maintaining turnover at the proper level, proportionality of profit distribution, optimization of the number and volume of payments in comparison with the income received.
2. Formation of a distribution network. A partnership structure is built from people who have come into business, the task of which is to convey information about the product to the end consumer and increase the sales volume of the company's goods.
3. Supporting the activity of the structure. Marketing conditions motivate distributors to increase sales volumes and attract more new sales agents to their teams.
If the compensation plan fails to achieve the above business objectives, the company may fail.
MLM Marketing: Comparison of Different Types of Compensation Plans
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mehadihasan123456
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