Sunday, March 8, 2020

Money Mechanics Matter

The topic of money mechanics deals with how different compensation systems are structured (and) how you get paid for your participation and effort.  I deal with this subject in other posts, however, the important point to recognize is that not all compensation systems are created equal.

In the Social Commerce/Networking space, some make sense and some don't.

Obviously, one of the first variables to consider is how quickly you can get your money back on your initial investment.  Said differently, how soon can you break even?  How many customers or business partners will it take to recoup your money?

Second, what is/are the investment levels?  Is there just one way to get started with just one amount of money?  Or, can you choose the level of investment based on your current means and risk tolerance?  I would submit that multiple options within the same program are preferable to a "my way or the highway" approach.

Third, is it (reasonably) easy to understand?  Is it easily explainable?  Or, how quickly can you wrap your head around how you will be paid?  Here is the deal:  the more straightforward and transparent, the better.  There are some real doozies out there.  Feel confident that we don't associate with them.

The compensation systems of the programs we associate with are straightforward and easily understood.  The Money Mechanics have to make sense.  It has to be a situation for most people that turns a total mystery into the statement "I get it!" very quickly.

If Money Mechanics are dense and obtuse, it simply works against the process and will inhibit your success.

Simple is better.


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