April 7, 2008

BioGenx Global Compensation Plan Review: What You Should Know

by Kaly Williams

BioGenx is a new (think 2008) network marketing company that promises great products and an incredible compensation plan. Is it worth looking at? Is it just another get-rich scheme or does it actually hold some value?

BioGenx's Focus

By reviewing the information I have been able to gather, as well as from the information that I've learned via personal friends of the founders, BioGenx is built to make the little guy money. This is very different from other network marketing companies who's whole plan is built around the little guy working their behind off making big dollars for the top few big wigs.

Does It Cost a Lot to Get Started?

BioGenx Global chose to keep the pricing of their product simple. Each product costs $60 each for a month's supply plus $8.95 shipping/handling. Enrolling one other person qualifies you to make back your $60!

Although you are qualified to make the $60 once you have one enrolled person on autoship, you will not make that full amount until there are nine people in your matrix (downline). You, however, do not have to fill these nine positions your self, nor do you have to depend on your own other enrollee to do it for you. The community of others in the company actually helps fill those positions for you! When they're filled, you start getting money. However, if you work to get more people in, of course, the faster you'll get your $60 paycheck started.

Basically, when you have one other person enrolled in autoship using a BioGenx product, your own product can be free!

Will it Take Long to Make Any Money in BioGenx?

This company is growing like leaps and bounds. It's highly, very highly likely that you won't have to wait much more than a month or two for your 9 places to be filled. (And that's a very conservative estimate).

If you want to get in early, your likely going to benefit from some impressive initial growth. That means that you'll be getting lots of help getting your matrix filled up quickly - which means you'll start getting payments sooner!

Does BioGenx Pay Enough to Make It Worth the Effort? (What effort? This is easy!)

The compensation plan is so lucrative, it could warp your mind. So I'll not talk about the millions you could make. Instead, consider this simple fact. With 3 personally sponsored people getting an incredible product at $60 per month autoship, you are qualified to make $1140 each and every month. I know that simple figure alone seems to easy to be true. But I've run the math and it does calculate.

In order to actually get paid the full $1140 every month, there are 81 positions in your matrix that must be filled (3 minimum filled by you). The company is built around community effort though, so you'll get help filling those 81 positions. And my estimation is that they'll fill up rather quickly.

Ok, Tell Me the Low Down

Patience. That's the final word. In a company that is growing as fast as BioGenx, there's no room for people who simply have to have everything right now. I believe logistically they're going to be having a hard time keeping up with the growth. If you can't be patient with BioGenx, wait until 2009 or later to join.

Fast growth has tremendous benefits to those looking to make money quickly. However, it's only for the adaptable and forgiving. Consider the type of person you are and make your decision wisely.

About the Author:

Filed under Personal Finance by Kaly Williams

Bookmark

StumbleUpon Google YahooMyWeb Help