Now after being in the industry for over 23 years, I have worked with numerous variations of the "Standard MLM" business models and I have also watched and studied as each new compensation plan variation swept through the industry.
Let's see, Unilevel, Compression Programs, Rollups, Binary, Hybrid Binary, Coded Bonus, Matrix and so many variations of those it makes my head spin just trying to keep track of them.
"So which is the best" is probably the question asked by MLM hopefuls looking to achieve success in Network Marketing, and form a new Plan An in today turbulent financial market.
In the final analysis, obviously they are all successful businesses no matter what comp plan they use, and have top earners whose checks will make you resentful.
The only issue is of course "when do you want to be paid?"
That of course is the big dividing line drawn right down the center of the industry.
On one side are all the "Standard MLM" compensation plans, no matter what variation of pay plan they may use, and on the other are the "Top Tier MLM" companies.
The fundamental key distinction between these models will be the price point of the associate kit a brand new rep buys when they enrol and how much the company pays out on the initial item bundle.
Top Tier MLM companies usually have a much higher level of compensation on the front end allowing a new rep to earn a full time income from day 1 and Standard MLM comp plans usually put most of the profit on the backend residual which can take several months or years to fully develop.
Now I believed I had everything figured out, but then a totally new alternative hits the marketplace.
Enter Family IQ, a new "Top Tier MLM" with a fairly low end startup package and an aggressive residual MLM compensation plan on the backend.
Say what...?
Family IQ is the brilliant idea of Mark Hobbins who established the business in 2001.
Now Family IQ is fairly new to the MLM world since they just launched their MLM business model in about October of 2010 but the company has been around for about 10 years prior to that with an online business model.
Then last year, Family IQ decided to go with a direct to consumer business model and chose a Top Tier MLM compensation plan.
The Family IQ products are general online coaching and instructional programs designed to improve interpersonal relationships between close relatives, husband and wife, parents and children, and so on.
Now when I initially checked out the Family IQ products I was not sure about its success as a Network Marketing product but after performing some marketing research, I've been fairly impressed by how strong the appeal of these items.
So let's take a look at the Family Members IQ payment plan.
The Family Members IQ sign up package is $1495.00 which is similar to what an associate might pay to participate in a "Standard MLM" if they purchased the top end product line once they signed up.
This is where the top tier component of the compensation plan kicks in because when you enrol a brand new member into Family Members IQ, you obtain a whopping 70% commission, earning a clean $1000 per new rep you recruit to the company.
The initial commission on the sign up bundle are really paid out every day. They are based upon the sign up cost where the new person first enrols on the Family Members IQ website and pays the business $495 to register. However they don't have active status until they complete the payment for the balance of the sign up fee of $1000 right to their upline.
That's correct, you get $1000 immediately.....pretty sweet!
Now the Family Members IQ strategy also offers a 9 level "Unilevel" type residual pay plan that allows representatives to tap into the ongoing development of their organizations.
The appeal of this business opportunity is the commanding business presentation carried out by the master distributor Rod Stinson in which he describes the benefits of a Top Tier MLM model and shows many instances of him receiving multiple Fedex envelopes each day which include a $1000 check.
New reps when they enroll also receive one of these recorded business presentations and a replicated website to start spreading the word.
Precisely what does the future hold for this Hybrid - Top Tier Multilevel marketing company?
All signs indicate that Family IQ could be a distinctive example of one of the first Top Tier MLM's to actually go viral.
So should you drop every thing you're doing and jump on the Family members IQ bandwagon?
Well that will depend on your monetary goals and how quickly you want to accomplish them. Now the big selling point of the Top Tier company model is the GPT (Get Paid Today) idea that offers you the capability of getting paid in 30 to 60 days versus twelve months or more in a Standard MLM.
Now normally in a Top Tier the back end residual is much less than you would make in Standard Multi level marketing but with Family IQ they appear to have an attractive Hybrid company model that really pays for both.
I expect we will probably be learning a lot concerning this quick moving new company in the near future.
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