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There are a few aspects that you need to consider when designing your compensation plan. It's not just a case of copying another company or messing around with one yourself. Compensations are one of the most important aspects of your MLM business. If you design a compensation plan poorly, you can often be stuck in money loss traps, as redesigning it often leads to people ducking out of your company. Netready CEO, Richard Sletcher, discusses how Compensation Plans work and how to design one that will drive the correct behaviors and keep your team motivated to both sell and recruit. If you would like to watch the original, full-length video, then head over to: • COMPENSATION PLANS: How do they work and h... We've started a new series where we discuss the different compensation plans out there. Check it out: • Compensation Plans Chapters: 0:00 Intro 0:19 What It Is Not 0:43 What It Is 3:28 Three Big Mistakes 5:30 How It Is Structured 9:56 Identifying Leadership 13:28 Using Ranks 14:09 Leadership Commission 16:07 Breakage ►For other interviews, podcasts and information, take a moment to check out mlmforceos.com where you will find a number of other MLM-related posts, blogs, and podcasts. ►Join our Facebook LIVE events at facebook.com/NetreadyMLM. ►If you are looking for enterprise-level MLM management software then please go to Netready.co.za ►Other Platforms: • Facebook: / netreadymlm • Spotify: https://open.spotify.com/show/3ocLCNS... • LinkedIn: / netready-mlm-it-solutions #Netready #MLMforCEOs #MLM