Life Compensation Plan by Chris Brady

Chris posted a great article today..

Life Compensation Plan

When the LIFE company was established, one of the primary goals of its founders was to accomplish something in the area of compensation that hadn’t been done before. The heart behind this was to offer financial rewards that would truly be based upon performance. But there was more. It was also desired to put a heavy emphasis on revenue sharing with the field – this is “corporate speak” for not letting the company keep most of the profits.

While many (but certainly not all!) pay plans appear to be at least somewhat fair in terms of how the money is split amongst participants in the field, what often is NOT fair is how much money finds it way back to the corporation. The result is a subtle but real conflict of interest between the company and its field operators. Therefore, right off the bat, LIFE designed its financial plan in such a way that most of its profits flow to the people who are actually doing the work to make the revenue happen in the first place. Right out of the gate, the percentage of gross revenue paid back to the field in commissions was structured to be in the (estimated) 65+% range. This, as far as we know, is an industry high. Then, after just two months in business, LIFE announced its One Time Cash Award program, which put even more money into the field. It is still too soon to know the exact figures (as some of the qualification periods for these rewards don’t end until the end of 2012), but we believe this will put the percentage at something approaching 70%.

How can this be done? How can a group of founders establish a company on such lean terms? The answer comes from the strong belief that the best leadership for this type of company can be provided by those who are actually doing what they are teaching and expecting others to do. THIS, as far as we know, has never been done before: corporate founders who deliberately establish the financial incentives in such a way as to keep themselves in the game, out in the trenches, and thereby providing the means by which most of the profits flow to the field.

And now there’s more. On April 27th, at the Spring Leadership Convention in Columbus, Ohio, LIFE will announce an additional incentive program representing even more new money being put into the compensation program. This will be a reward package that will be attractive to new participants and attainable early in their experience with the business – in other words, something they can qualify for in the near-term, not “someday.”

All of this, in the LIFE compensation plan, is in addition to LIFE’s groundbreaking position between the four industries of Personal Development, Home-based Businesses, Life coaching, and Community building, and takes advantage of LIFE’s high-value position in the market of personal development materials, wherein its products are among the lowest priced in the marketplace (in some cases hundreds of percent cheaper than its competition). And, don’t forget, all of LIFE’s products are backed with a 30 day money back guarantee.

When LIFE founder Orrin Woodward says, “We don’t promise easy, but we do promise worth it!” the LIFE founders have done their best to structure a compensation plan and reward system that shows his statement to be much more than mere rhetoric.

I hope this helps!

Sincerely,

Chris Brady

Advertisements

LIFE: TEAM Growth hits new levels

Here is a great excerpt from Orrin Woodward’s blog that exemplifies where we are and where we are going with LIFE.  This is 18 years in the making.  There has never been a better time to be part of history in progress.

In studying LIFE and the teams associated with this industry changing concept, one notices how simple the business is. Read, listen, and associate with leaders and receive compensation for sharing the materials with others. Think about how revolutionary that is. First, you share life-changing information that impacts people’s lives. Second, a $50 dollar subscription produces 50 points and a $100 dollar subscription produces 100 points. However, the coup-de-grace, as they say, is the LIFE Business Compensation Plan pays out nearly 70% on the points accumulated monthly.

The granddaddy’s of the industry pay our around 33%; the top companies pay out 50%; so how does LIFE pay out 70%? LIFE builds teams or communities across the country and because its a digital model, the cost structures allow a ridiculous amount of compensation back to the communities. Compensated communities are the future of leadership training and the LIFE Business is leading the way.

Here are some simple observable facts to remember:

1. With 70% paid back to field leaders, there are more people receiving bonuses equal to or higher than their purchases in LIFE than any other community building business. The math is simple when 50% of the points are paid back on the first bonus alone. Nearly 95%, practically everybody, receives a bonus from LIFE.

2. LIFE shares its product up front. In other words, LIFE is proud of its materials and freely shares the CDs, books, and meetings with others. If someone likes what they see, then they are free to be a customer or member. On the other hand, if someone doesn’t like what they see, then LIFE respects that they are not looking for life improvement at this time.

3. LIFE launched in November and already has over 3,000 customers. Customers are people who buy the material because they love the material without any thought or desire to build a community. This is a key factor in the over 20% of the people receiving bonuses from LIFE higher than their purchases. Typical community building pegs this number at less than 5%, but not with LIFE’s business model. The more customers, the more people are profitable. Every PC leader has more customers in LIFE than ever before in community-building.

4. LIFE is preparing Phase II with digital downloads for both books and CD’s available, plus points on attendance at leadership meetings. Think about this, where else do you receive points and bonuses for reading, listening, and attending to become a better person?

5. The other impressive factor with LIFE is the retention rates. Because people love the materials without compensation, the retention rates are easily double the community-building average. Why would people quit on a great product at a great price regardless of whether they are customers or members? This is great news for members because it’s easier to maintain a business with a high retention rate.

These are just five of the LIFE differences. Don’t take anyone’s word for it though. Check out the LIFE materials for yourself. When it comes to personal development, the proof is in the pudding. Either the CDs, books, and meetings will help you on your journey or they won’t. If they do, and you would like more out of life, why not join the compensated community. If they do, but you are happy pursuing your current career path, then sign up as a customer. If you don’t enjoy the materials, then as a free person, you can pass on the opportunity offered.

This is what LIFE is all about, the freedom to live your life and the responsibility to own the results.

What is LIFE?

Here’s a new page on the LIFE site that describes what LIFE is.

 

What is LIFE?

LIFE is a company that specializes in producing personal development materials offered for sale through independent Life Members. One of the mainstays of the LIFE approach to personal growth is the development of communities that encourage people to improve their leadership, people skills, and other core competencies. The founders of LIFE have designed their learning programs to follow the principles consistent with long term high achievement, namely: small, affordable doses of information and truth learned and applied consistently over time. This is predominantly accomplished through the format of monthly subscriptions, which focus on the “8F’s:” the categories through which we live out our lives – Faith, Family, Finances, Fitness, Friends, Freedom, Following, and Fun.

Are the LIFE improvement materials credible?

LIFE is founded upon the teaching principles of Orrin Woodward and Chris Brady, co-authors of the NY Times, Wall Street Journal, USA Today, Money Magazine, Business Weekly best seller Launching a Leadership Revolution. Together they have numerous leadership and professional achievements including both qualifying for Top 15 Leadership Guru spots in the latest Top 30 Leadership Guru list. The LIFE improvement materials provided by the LIFE company have received accolades from individuals, business owners, educators, business consultants, other best selling authors, military leaders, leaders in elected government, and professional sports figures.

How competitive are the prices of LIFE’s materials?

The founding principle of LIFE is “Making a Difference.” For this reason, the pricing model for LIFE’s materials reflects the founders’ desire to maximize the impact of their information. Nearly any price comparison to materials of similar genre will demonstrate that LIFE’s materials are not only priced below the competition, but well below. As an example, below are the prices for each of the top three subscription packages available through LIFE:

  1. LIFE Series (Improved Life Skills), which includes 4 CDs and a book each month for $50.
  2. Leadership Series (Improved Leadership Skills), which includes 4 CDs and a book each month for $50.
  3. Faith Series (Spiritual Development), which includes 1 CD and a book each month for $25. (All corporate profits from this series go to our All Grace Outreach charity).

These subscription prices are anywhere from 20% to 200% cheaper than similar offerings from other providers.

What is the opportunity offered by LIFE?

LIFE offers members the opportunity to profit from the sale of LIFE’s materials through a competitive compensation plan. LIFE’s goal is to flow the money typically spent on marketing and advertising to the leaders who help build the customer base for LIFE materials. Further, the founders of LIFE are dedicated to serving in the field alongside LIFE members – a unique situation that enables the compensation structure to maintain as its chief consideration the flowing of profits to the field and not to corporate shareholders, investors, or other interested parties, as is true with most companies. What this means is the LIFE compensation plan can offer one of the highest margins in the industry, with a pay plan that provides 50% of sales on a graduated bonus chart, and additional bonuses (upwards of 15% at the time of this writing, with plans for more depending upon profitability) in additional bonuses for developing leaders in the field, all while keeping prices competitively low.

Additionally, money saving innovations are made available to customers of LIFE materials. The Three for Free Program allows customers or members who obtain subscriptions for LIFE materials to three or more other customers to qualify for a free product subscription for themselves.

Is there any business development training?

LIFE has partnered with TEAM, a top community building and training material organization, to provide all of its business development training. LIFE, in other words, provides world-class personal development materials at a remarkable price point. TEAM (with over a decade of experience with tens of thousands of people in several countries) provides leading-edge business development and training to assist LIFE members in building their businesses. Here is how the personal development and business development break down:k

  1. If a person desires to be a customer, then he or she signs up for one of the LIFE material subscriptions mentioned above.
  2. If a person desires to be a LIFE member (business builder), then he or she follows the same steps as a customer. However, on top of this, he or she also signs up in LIFE as a member ($35 LIFE membership and $50 business starter kit). As a member of LIFE, there are several different levels of participation.
    1. Simply become a member of LIFE and utilize the materials for one’s self and occasionally recommend LIFE materials to others.
    2. Become a member of LIFE but pursue the amassing of a large number of sales to take advantage of the aggressive pay plan.
    3. Become a member of LIFE, and in addition to generating sales of LIFE materials, also build a sales force (or team) that does the same thing.

    For any of these levels, the TEAM training system (business development training) is an optional assist in such efforts. It provides a supportive environment, specific training, mentoring, recognition, materials, events, and team-building activities, and can be utilized as much or as little as the LIFE member deems necessary.

How credible is the TEAM training system?

Both Chris Brady and Orrin Woodward have been showcased as keynote speakers at the prestigious MasterMind event, which features top leaders from the training world and is attended by participants from six continents. Additionally, both Brady and Woodward have been featured in Networking Times magazine, the leading trade magazine for the industry, and currently host a monthly column in the publication. They have also been featured in special editions of Success and Success from Home magazines. The other leaders comprising the TEAM’s Policy Council collectively have over 100 years experience in the industry and are in-demand speakers around North America. The TEAM’s training system operates under the motto: Have Fun, Make Money, and Make a Difference! Moreover, the TEAM is one of the few communities of its kind that routinely hosts tens of thousands of people at monthly events around the USA and Canada. The TEAM training system puts its money where its mouth is, guaranteeing a “no questions asked” 30 day money back refund policy. The TEAM wants satisfied business builders and works hard to ensure that satisfaction.

Is there a guarantee on LIFE materials?

Absolutely. Just as with the TEAM training system, LIFE offers a 30 day money back return policy on all its products

LIFE’s Mission Statement

ImageHere is a great description of LIFE, what it’s purpose is and what amazing value it has in the lives of so many.

I am intrigued by all of the testimony available on the LIFE site.  I encourage everyone to submit their testimonies when possible.  The LIFE materials changed our lives in such a significant way that we cannot sometimes put into words.

We are so thankful for LIFE founders, Orrin Woodward, Chris Brady and the rest of the PC, for providing us all with an amazing, life changing, spectrum of materials and an opportunity to to “pay it forward” to others.  Everyone could use something LIFE has to offer, some could use everything LIFE has to offer in the areas of Faith, Family, Finances, Fitness, Freedom, Following, Friends and Fun (8f’s)

Revolutionize Your Life!

Everyone will be called upon to lead at some point (and truly several points) in their lives, the only question is: Will they be ready?

The LIFE business launched with the purpose of providing world-class leadership materials to business executives, entrepreneurs, corporate climbers, pastors, church leaders, administrators, community service leaders, public servants, teachers, parents, and anybody who will find themselves in a position to lead.

When it gets right down to it, leadership is for everyone. Nobody will be able to make their way through life without needing to draw upon the toolbox of leadership.  Sadly, many people lack these tools and therefore get to live with the consequences of being ill-equipped. These consequences include missed opportunities, unfulfilled career aspirations, financial woes, and broken relationships.

Although leadership is for everyone, not everyone will equip themselves. Therefore, it may be helpful to consider a list of people for which the LIFE materials don’t apply.  LIFE leadership training materials are NOT for those who:

1. Refuse to take 100% personal responsibility for their results in life.

2. Would rather fix blame than fix problems.

3. Want an easy, comfortable life without having to earn it.

4. Already know everything and are therefore unteachable.

5. Have character issues they refuse to address.

LIFE is for those who earnestly seek a better life, are interested in the strenuous process of personal growth, are driven to succeed in significant ways, and are committed to a life of excellence for a higher purpose.

Mediocrity is for the many.

Leadership is for the few.

Everyone will be called upon to lead – few will be ready.