In only six years, Nu Skin grew so much it began operations in Asia, with a headquarters in Hong Kong.
Written nu skin business plan Marc Barrett on January 19, Tweet I guess the big question many people have when taking a look at a MLM business like NuSkin is if the Nu Skin compensation plan is really that profitable, and can you actually make money with a company like NuSkin?
They all pay good money. Every company you look at in the MLM industry has top earners and they all make the big money once they get an organization up and running and growing explosively.
When you look at the compensation that the top reps with NuSkin have pulled over the years, the numbers are pretty staggering. The NuSkin compensation plan has proved its ability to generate big dollars but it is not necessarily the easiest to build. I also have no current affiliation with them so this is not a commercial for the company see my recent NuSkin Review.
So how do you max out this baby? You can only tap to a certain depth so greater income comes from having a larger front line which then spreads as it goes down kind of like a pyramid I love that word which in turn gives you a larger group to tap. The larger your front line the larger your base.
To tap the depth you have to build your front line personally sponsored distributors to a certain width and you must have a certain number of your front like distributors achieve certain production quotas and become NuSkin Executive Distributors.
NuSkin Executive Distributors There are also two classes of distributors in the NuSkin comp plan, the regular run of the mill distributors and Executive distributors or as the are sometimes called, breakaways.
Now when you sponsor someone you do get a commission based on what they do, but you cannot tap their dowline until you earn the right by becoming an Executive distributor there are volume requirements. And so begins the race Now when you start this footrace you have to think strategically and move fast or you will leave money on the table.
You have to build width on your front line quickly so you can tap the depth of your group but at the same time you have to support and stimulate a certain amount of depth or there will be nothing there to tap.
One key point here, never ever stop personal recruiting to manage your group. That is the death of an MLM business. The Sifting Process So the first step in building this structure is to sift your prospects to find your distributors. Now in a unilevel program, everyone you sponsor goes on your front line, and starts an additional leg of your business.
So the more people you sponsor the wider the top of your structure is. Next you have to sift your distributors to find the people who actually do something. They are the ones who are actually serious about building an organization.
Now at this point if you are an Executive, you are tapping your entire organization as deep as it goes but this is not where the big money is since most of this group will be doing small volumes or just using the product.
To tap 2 levels of Executive distributor commissions you have to have 2 breakaway Executives on your first level and so on.
So in effect if you snooze you lose. If you sponsor a hot distributor and you are not an Executive and they qualify before you do, you lose them as an Executive and they roll up the line. If you are a big player this compression actually works to your benefit since all the power in your downline will roll up and compress below you.
Where did you think the big NuSkin checks came from? So the money is in the Executive groups, and you want a lot of them within your 6 level payout. Then by using a specific duplication model I ended up generating over 21 front like Executive Distributors that settled down to about 16 over the long haul, and then the golden doors opened.
However if you analyzed the income streams of those top NuSkin reps, the blue diamonds, you would find some interesting numbers. However if you use traditional approaches, face to face, warm market, etc, you are doing one off presentations and it can take you a lifetime to surface one of them.
So using high volume strategies and automation and leverage gets you there quicker. So the lesson here is that if you are courting success in any MLM business, you need to use a high volume lead generation approach to get a large enough flow of leads on a daily basis to power your business plan.
So in closing I guess that there has been very big money earned by aggressive Nu Skin distributors in the past and that being a well run, very creative company,I have no doubt that distributors will continue to profit in the future. However maybe the better question to ask is whether or not this is the best way to the end result?
I mean we are here to make money right? Tired of spinning your wheels in Network Marketing? Ready to take your business to the next level and finally start earning what you are worth?nu Skin pays you the maximum commission possible.
• Commissions from Step 1 and 2, PLUS Sales Compensation Plan, and may be modified or discontinued at any time with 30 days notice from nu Skin. distributor is a not-for-profit Business Portfolio. All product purchases are optional. Categories: MLM Reviews - Tags: Nu SKin, NuSkin, NuSkin compensation plan, NuSkin Review About Marc Barrett Marc Barrett is an MLM Pro and 7 figure earner .
Nu Skin Enterprises, Inc., is one of the world's largest direct selli ng or multilevel marketing (MLM) firms. In 41 nations, more than , independent distributors buy Nu Skin products for their own use, sell them at retail prices, and recruit others to become distributors as well.
The NU Skin team actually helps in training and business orientation of their new distributors in various parts of the world. And to implement such plans, they rely on their distributor agents who then inform and train people on the company’s business plan and modes of operation.
Nu Skin had an accounting and governance risk (AGR) score of 96 out of and has been accredited by the Better Business Bureau since and has an A+ rating, the highest available/5(82).
SALES COMPENSATION PLAN BROCHURE. Nu Skin duplicate your business.
When your Distributors and retail customers choose to purchase Fast-Start Product Packages** from the Company you earn the Fast-Start Payments (payment from the sale of Fast-Start Product Packages).