MLM Success: Rewarding Your Downline
Every success story or MLM person starts at the bottom and has to rise through the ranks to earn the respect and glamor that our business offers. Rewards are best shared across the company and it’s nice to show your appreciation to your downline. Each step towards success must be carefully measured, as there are pitfalls and obstacles that come with serving. As long as you continue to support your team, your business is sure to grow beyond measure.
How do I reward my downline? Your success in MLM will often come from a strong downline, it is our job to support them and offer them fair rewards for their contributions to the team. We can reward our downlines in a variety of methods and these methods can be company sponsored. What is a good way to reinvest in our commitments and energy with ourselves and our members in the long term? If you run your own business and want to reward your members, you can offer everything from gift certificates to exotic vacations.
As we build our schemes and businesses, we must set aside a budget to reward our members. Delivering benefits every month or so will not only fuel the effort, but will keep our members stimulated and motivated to continue their tasks. We can offer different types of goals for individuals and teams to achieve based on location or some other factor. If you decide to go this route, you will need to justify the reward for the particular objective. A $10 Starbucks gift certificate should have a lower requirement than a new car reward. Reasonable goals should be expected, be careful not to make the goal too easy or too hard for your downline.
Before you yell at your downline about a free trip to Olive Garden, sit down and carefully calculate the costs involved with dinner and figure out if it can be used as a tax deduction. You can balance the cost with possible cancellation with slightly increased requirements to cover the expense. Most members will enjoy the challenge, but may get bored if you only hand out a $20 gas card for sales over $500. It takes practicality and smart strategy when developing a rewards platform to help inspire your members. members. On occasion, you may want to take the weekly winner out for a nice dinner or lunch; the particular goal could be most recruits, conversions, or most inspiring member.
In addition to the increased business benefits, some of their rewards programs can be downright fun. It never hurts to reward a struggling member who has a great attitude for a day at the spa, tickets to the amusement park, or a free oil change. Your rewards system will need some time to adjust through trial, error, and development as you reward your members. The entire downline must have the same ability to get a great reward. Offering rewards in various grades is a smart move to help increase spectrum membership and sales. Group rewards can be a bit more complicated to develop; A little research and input from your members will help you determine a suitable award. A general list might include movie tickets, amusement park tickets, concert tickets, movie downloads and music downloads, tech gifts, and more.
Some technology gifts that you can give to individuals or group rewards may include computer systems, mobile phones, MP3 players, home theater systems, CDs, DVDs, etc. You can find some of this gear sold in bulk online and they are amazing rewards. Remember any reward you decide to use, cash or product; You must establish fair and reasonable requirements so that all of your downline can participate. When do you reward your downline? You are showing them that you are supportive of their efforts and care enough for them to be successful. Your downline will value your efforts in the rewards system and you may be surprised to see them go above and beyond the norm to achieve goals. Your MLM success includes your downline, and to continue your MLM success, rewards are a great way to inspire them to greater heights.