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Family Business – Paying Family Members

For most people, taking up employment is a rite of passage as they grow from adolescence to adulthood. Moving directly into a job from school, or taking time out to go to college – or travel perhaps – before embarking on a career, is a well-trodden path that all but the few embrace. It’s a challenging time of life for anyone.

In terms of remuneration, most of us recognise that there is a market rate for the job we decide to go for. Plus or minus a few percentage points, it’s likely that what we achieve – unless there are some unusual factors – is what we expect.

In family businesses, there are other issues to consider, because for anyone deciding to work in the family business, there will be a range of emotions and expectations to get in balance with the real world of business itself.

Deciding on how to pay these new family business members will be a sensitive activity to agree between existing family members already in employment; non-family members working in the business and – just as importantly – those stakeholders in the business who are not involved in the day to day running of it, yet have an interest in the financial outcomes both now – and into the future.

The debate can go back and forth. A family member joining the business with a serious expectation of ‘One day this will all be yours‘ might have lower expectations for the pay they will receive in the short term. This could be a valid reason for underpayment for any family member, who will have more potential return over future years to consider.

On the other hand, it is quite easy to see how family members might sometimes be paid more than they might expect – after all, the business does belong to the family, so why should some of the value not be shared out through salary and other employment based remuneration, such as bonuses.

And in the real world, a family member might well be best served by somehow receiving what an objective observer might suggest would be the market rate for the job. There is much value in this ideal. If an individual were to be treated differently than anyone else, how would that serve them as a developing individual?

By ensuring that processes are in place to support an objective view of remuneration for all employees and where a family member sits within that, might well be the most appropriate way forward.

There are specialists in family business who can help with this objectivity, both because they are outsiders whose only goal is success for the business and future generations and because they can also share experiences other family businesses have gone through to make family member remuneration work.

The key to success in this sensitive area is to create a new generation who respect the values of the family business in respect to fairness and transparency, thus anchoring a strong foundation for the future.

AliveMax Review – Legitimate Business?

AliveMax is a MLM business opportunity, which is primarily focused on health and wellness spray products. The company was founded by Nauder Khazan, who is an experienced internet marketer and has been in online marketing business for many years. The primary focus of this company is to create income earning opportunities for its members through home based business. Members would be able to join the company for $50. The products, which the company sells are spray nutritional supplements and are available for anti-aging, vitality and multi-vitamin purposes.

AliveMax claims the compensation plan starts working for its members, right from the moment they join. The distributors are provided with various tools as part of the training program, which will help them maximize their earning potential. Here is a list of the earning incentives, which are available to members.

  • Welcome Bonus – The members are paid a one-time commission on the first 3 customers, who will fall below them in the team. The commission will be paid irrespective of who enrolled them. This would mean that the members will start earning commission the moment they have someone in the team. Retail
  • Bonus – Members and distributors will be able to purchase the products at wholesale prices and sell it to the customers at retail prices. The difference in prices will be their profit.
  • Fast Track Bonus – Every time a member enrolls a new distributor or a preferred customer, they would be entitled to 20 percent commission of the business volume of the first month’s order.
  • Bulk order bonus – Each time a distributor, which a member enrolled makes a bulk purchase the member would get 10 percent additional bonus. Apart from this as an Executive Diamond member, they will also get 10 percent on bulk order purchases, if any one from their team tree makes a bulk purchase.
  • Dual Team Building Cycle Bonus – Apart from the efforts of the members themselves in getting new distributors and customers, members and customers can also be placed in the team from members above. Based on the business volume, which is generated the members will be able to get different commission packages.
  • Matching bonus – As the members move up each level of the company, they are offered various bonus packages. The amount of money each individual would earn will depend on the performance of their team and as the team performance goes up, so will the compensation plan for the member.
  • Leadership Pools – Every quarter members who help build the company will be share profits in the leadership pool.

AliveMax is a legitimate MLM business opportunity and provides members potential to earn a substantial amount of income through the various incentives in the compensation plan. However as in any MLM business, it will require patience and perseverance to be successful and members should not look for overnight success.

How to Use a Facebook Group to Grow Your Home-Based Business

Facebook is no longer just a fun way to reconnect with old friends or to post pictures of your kid’s birthday party. It has quickly evolved into a powerful tool that is reshaping how people do business. There are more than 400 million Facebook users. If Facebook were its own country, it would be the third-largest country in the world today.

No longer do you have to conduct a long and expensive market survey to see what customers think about a company, product or service. Those key customers are on Facebook telling you what they think. Businesses can now communicate directly with their customers in real time, getting instant feedback – a marketing dream come true.

You don’t have to be a billion-dollar corporation to build a following on Facebook. One good way for home-based business owners to capitalize on the power of Facebook is to create a Group. Here’s how:

1. Develop relationships. Don’t just start inviting anyone and everyone to join your group. Develop relationships with people first. Don’t post things that are only talk about your business. Make it subtle at first.

2. Create your group and invite people to join. Invite current customers, fellow business members and anyone who you think might be interested in keeping up with what’s going on in your business. Just use the “Invite People to Join” link to the left of your group’s main page. Your members can also invite others to join your group. Come up with some incentives, such as free products, to encourage people to invite their friends to join.

3. Send messages about important announcements or events. The cool thing about the Facebook Group is that it allows you to send messages to everyone in your group. If you have new products or deals to announce, if you want to invite people to an event or just have something important to say, message everyone at the same time. But don’t overdo it. You don’t want to spam everyone. Keep it to about one message per week or less.

4. Encourage people to write on your wall. When people post something on the group wall, everyone who is a member of that group can see it on their Facebook Home screen; so can all of their friends, which might intrigue other people to come check out your group. This is a natural and, more importantly, viral way to increase your contacts. Interested people who run across your group may join, and then invite others to join. As the administrator of your group, post frequent

5. Post photos and videos. You can post photos of events, new products or whatever you think might promote your group. You also have the option of letting members post their own photos or videos. Many cell phones now have video features, and you can upload your videos and pictures straight from your phone. You can pick up a decent-quality flip-cam for around $200. Film videos of demonstrations, testimonials or events. Encourage group members to comment on photos.

Facebook continues to evolve as an effective business- and network-building tool. These are just a few basic tips on how to use Facebook to promote your business.