A standard business plan consists of a single document divided into several sections including a description of the organization, the market research, competitive analysis, sales strategies, capital and labor requirements, and financial data.
The resulting document can serve as the blueprint for your business and be supplied to financial institutions or investors if debt or equity financing is needed to get your business off the ground.
Binary plans tightly restrict width but are very generous with depth limits.
In binary plans, distributors recruit two people for the tier below them, and then each of those two recruits two more.
The amounts of these commissions will depend on the compensation structure of the multilevel marketing firm.
Read on to learn how companies with the following multilevel marketing compensation plans calculate commission.
Also known as network marketing, multilevel marketing involves distributors selling the public products directly in most cases.
These representatives then make commission on their sales as well as the sales of people they recruit.
This motivates distributors to keep all aspects of their networks selling well.
Once you understand these four basic plans, you can use an online calculator to determine specific commissions for multilevel marketing.