The term matrix compensation plan comes from how you will be compensated in the structure of the MLM organization. You see, not all MLM structures are the same. With that said, let’s go into a little more detail about matrix compensation. You might be surprised to learn that you can make money several levels deep with matrix compensation. Your primary focus is the three people you refer and the three people your refers refer. That’s not too difficult to remember. All you need to do is to remember to recruit three people who you know for a fact are hard workers, and they will do their very best to recruit at least three people.
The secret of the sauce is that you can recruit more people, but those people are included in the spillover, but you’ll think of them differently. Not everyone you recruit will be top-notch material, and a few of them will eventually find their way outside of the matrix. If that’s the case, then you bump your spillover up, and the rest will work itself out. There is no one size fits all solution that ensures that every person you recruit will make the grade, but spillover ensures that no matter what, you have someone in their place for when things don’t seem to go your way.
How do I make money with matrix compensation?
The two main ways that you make money is through your first level and then the second level. You make money when your first level referrals make purchases and when their referrals make purchases. The trickle goes up in this sense, and it goes all the way up to you. Of course, you make more when the people you refer directly make money, but that’s not as important as how deep the levels go. Remember, every person who you refer needs to refer three people as well. That means you are making money off of the three people you refer to, but a total of nine additional people as well. If you were in a traditional business model, you’d make money off only those people who you directly refer to and no one else. That’s a big difference, and it’s why so many online marketers prefer the matrix compensation plan compared to typical affiliate marketing.
Who is best suited for matrix compensation?
That’s a trick question in that all marketers are best suited to take advantage of matrix compensation benefits. The marketers who get the most out of MLM are those who enjoy working with people personally. If you don’t mind rolling up your sleeves and working alongside someone, then matrix compensation is perfect for you. It’s far more hands-on than other ways of making money online. The average person who tries to make a buck on the internet goes out and finds customers and then passes them off to someone else. You don’t do that with matrix compensation; you’re with them the entire step of the way. If you see someone on either one of your levels not performing the way they should, you have to find a way to motivate them to do better.
Do I make money if my downline does?
Sure, you do. That’s what’s so awesome about MLM. You can’t ever expect to sit and do nothing because you’re also a part of someone else’s downline. That right, there is the truth about MLM that most people don’t want to realize. You must work hard to earn your downline a solid income, but it also gives those below you motivation. If your downline doesn’t see you working hard, they aren’t going to. No one busts their tail off for a boss who sits around and does nothing.
You have an invested interest to make sure your downline performs to the best of their abilities. The same thing can be said about your upline. If you’re not hustling and doing what is required of you, then they have the right to say something. So, with all that said, you can make money if your downline does. You always have to keep your eye on how your downline performs so you can help pick up the slack if any exists.
How much money can I earn with matrix compensation?
It would be far too cliché to say that the sky is the limit. However, it kind of is. How much you can make with matrix compensation is only determined by how hard you’re willing to work. You need to have a filtering process in place where can screen people on the different levels. If someone on your first level isn’t panning out, it’s time to ship them out. Some of you reading this might look at that and immediately think that it is far too harsh. It isn’t, and people who don’t want to work will keep you down. You see, the most important thing by far to realize about MLM is that it isn’t about recruiting as many people as possible. If MLM were so easy that only recruitment mattered, everyone would be rich.
The hardest thing you’ll ever do in MLM is to fill up your downline full of quality, hardworking people who are as determined as you. The amount of money you earn is dependent upon the kind of people you recruit. If you work hard and do your best to recruit as many quality people as possible, you’ll make a lot of money. If you’re willing to accept anyone and everyone in your downline, you will be better prepared to eat bread and water for most of your meals. None of this is meant to be harsh, but that’s the reality you face in this business.
The bottom line is this: Work hard to build up the best downline possible.
Yes, MLM is a numbers game. No, it’s not who has the most people in their downline that matters. Quality over quantity should always be your motto. You get nothing if under you aren’t performing. Matrix compensation works wonderfully when done right, and that’s something you need to keep in the back of your head throughout all of this. If, at any point, you see that you’re not making money, it’s because of the people who are under you. Sometimes you’ve got to be a cheerleader and tell people to pick up the slack.
The difference between those who make money with matrix compensation and the people who don’t is that all is due to the quality of downline they have. It doesn’t matter what MLM model you follow, if your downline is underperforming, so is your bank account. MLM of any kind is never a hands-off endeavor, and that in itself is what many people don’t get. For you to be successful, everyone in your downline must also be successful. Anything short of that, and you’re always going to be lagging behind. With that in mind, do your very best to recruit top notch people and make sure they have all the tools necessary to produce the type of wealth you feel you’re deserving of.