What Sets Ameriplan's Compensation Plan Apart From The Rest

You might wonder what my relating this particular experience has to do with the subject but read the entire article and you will understand.

Years ago when I was earning my degree I worked at Hardees to pay my way through college. While working there I remember this man that used to come in just about every afternoon. You probably all know someone like him. He was loud. He talked to everybody, not really so much out of friendliness as to impress you with what he saw as a vast store of knowledge, and most of the knowledge that he would impart was really just useless.

Most everybody tried their best to ignore him, but I’ve got to admit I kind of found him entertaining and would talk with him each day just to see what he would say that day. Interestingly enough one day he asked me one of his typical questions that stuck with me and to tell the truth I believe demonstrates more truth than he really realized.

The question? If you were being hired for a temporary job that would last 30 days. You are given a choice of getting paid $1,000 per hour, or a salary starting at 1 penny a day that doubles each day, which payment would you choose.

Needless to say, most of us would say without even thinking that we would take the $1,000 an hour. With an 8 hour day you would be talking $240,000 over a 30 day period. But if you think about it first, that penny a day doubling on a daily basis will actually bring you in much more by the end of the 30th day.

By the end of the first week you would still only be making 64 cents a day. By the end of the second week you would be making $81.92 per day. Still doesn’t look good does it? By the end of the third week though you would be looking at $10,485.76 and on the 30th day you would have a $5,368,709.12 for just that last day‘s work. For a grand total of $10,737,418.23 .

So why do I bring this up? I mean it’s kind of neat but so what, it’s not like you are actually going to be offered that choice on a job, right?

Well the reason I bring it up is that, no you are not very likely to be offered that choice for any job, but the concept is sound. One thing that sets Ameriplan’s compensation plan apart from any that I have ever seen is not just that it offers residual income, many companies offer residual income of a sort but they don’t offer a level residual income. Ameriplan does.

Most companies might offer a 30% commission with a 1%-2% renewal. Which means you get 30% for the first year then a 1-2% on every year after that. Say one year you signed $100,000 worth of business. You would get paid $30,000 the initial year and then you could expect $1,000 for every year after that. If you stuck with it for 20 years you could expect to have a $20,000 yearly residual income coming in at by that time. You would have made $50,000 that last year but you would have to continue to work unless you could afford to retire with only $20,000 coming in.

As I said, Ameriplan has a compensation plan that I’ve never seen anything like in this or any other industry. Ameriplan pays a level residual income. That means if you write $100,000 worth of business that first year you would get paid $30,000. But instead of only getting a small portion of that for renewals your second year that $30,000 will be coming in again. So say you did the same amount of business the second year you could expect to bring in $60,000 your second year. Then with the same amount of business written for your third year you could expect $90,000.

This is why Ameriplan can deliver on the promise that with 2-4 years of effort you can expect to have a 6 digit residual income.

Say though that you are really below the average, but are at least willing to work at it and not quit. There is no way, if you put any effort into Ameriplan at all, that you will not be making the kind of money that others only dream about within a few years. Considering that even then you will be learning and getting better at it you could still expect it in that 4 year period. Just remember, even a very small amount becomes a very large amount when it is compounded over time.

I’ll be looking for you at the top!

Alex Hartline
http://www.hartlinefinancial.com/