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Compensation Plans: THE BINARY PLAN || Network Marketing Plans

The binary plan is a very powerful compensation plan. It's one of the few plans that gives your business absolutely explosive growth. We take a look at why this happens. We will also give some advantages, as well as disadvantages to it. We then provide some easy fixes to the disadvantages. This is part of our series on Compensation Plans, where each week we will highlight a different type of compensation plan. We will go through its weaknesses and strengths, and how to use it in your businesses. If you have a specific compensation plan in mind, be sure to suggest it in the comments. We'll get right on making a video about it! If you would like to watch a full video outlining the mistakes people make and some recommendations about designing a compensation plan, check our video out at    • COMPENSATION PLANS: How do they work ...   Chapters: 0:00 Intro 0:34 How Does The Binary Plan Work? 3:52 Strengths 5:41 Weaknesses 8:48 Outro ►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