Scaling Your AMSOIL Dealership by Sponsoring Other Dealers
Scaling your AMSOIL dealership is a strategic move that can significantly boost your income and expand your business. One of the most effective ways to achieve this is by sponsoring other dealers. This approach not only helps you build a stronger network but also ensures a steady stream of future income. In this article, we’ll explore how sponsoring other dealers can help you scale your AMSOIL dealership, drawing insights from industry experts and proven strategies.
The Power of Sponsoring
Sponsoring other dealers is a cornerstone of the AMSOIL Compensation Structure. It’s about building a team that can help generate income for you long-term. As the saying goes, “Sell for today’s income, sponsor for tomorrow’s income.” By focusing on sponsorship, you create a residual income stream that grows over time. This strategy is particularly effective in the AMSOIL Business Opportunity, where the potential for growth is immense.
Understanding the AMSOIL TN 50 Comp Plan
The AMSOIL TN 50 compensation plan is designed to reward dealers for their efforts in building a team and generating sales. Here’s a brief overview of how it works:
- Direct Sales: Earn commissions on your personal sales.
- Team Sales: Earn overrides on the sales generated by your sponsored dealers.
- Bonuses: Qualify for various bonuses, including the TN 50 bonus, which pays out when your team reaches specific sales volumes.
- Rank Advancement: As your team grows, you can advance in rank, unlocking higher commission rates and additional bonuses.
- The TN 50 Compensation Plan, established in Oct 2022 has a revamped compensation to enhance dealers commissions “closer to the sale.” All dealers earn commissions on their own purchases and any customers that purchase throughout the month. Dealers also earn overrides on those they sponsor. This is the power of leverage in building your team.
Sponsoring boosts personal volume percentages.
Sponsoring other dealers in your AMSOIL dealership can significantly boost your Person Volume (PV) percentages, which are crucial for advancing in rank and earning higher commissions. Here’s how sponsoring can enhance your PV percentages:
Understanding Person Volume (PV)
Person Volume (PV) is a metric used in the AMSOIL compensation plan to measure the sales volume generated by you and your team. PV is earned through the sale of AMSOIL products and is used to determine your eligibility for bonuses, rank advancements, and other rewards.
As your team grows you can move up the compensation plan easier because their volume adds to your volume which helps you qualify for higher percentages. Note that dealers are only paid on products sold and not for just recruiting a new dealer. Each dealer will earn their corresponding percentages based on their personal volume and the volume of their team. Learn more about The Next 50 compensation Plan. TN50
Building Your Team!
To effectively sponsor other dealers, you need a solid strategy. Here are some steps to help you build a strong team:
Identify Potential Sponsors: Look for individuals who are passionate about AMSOIL products and have the drive to succeed as Dealers. Books like “Your First Year in Network Marketing: Overcome Your Fears, Experience Success, and Achieve Your Dreams” by Mark Yarnell and “Go Pro: 7 Steps to Becoming a Network Marketing Professional” by Eric Worre and “The New Professionals: The Rise of Network Marketing As the Next Major Profession” by Charles W. King provide valuable insights into identifying and finding current leaders in the AMSOIL Dealer Network.
Provide Training and Support: Once you’ve sponsored someone, it’s crucial to provide them with the training and support they need to succeed. Additionally, Jim Rohn’s teachings on personal development can help your team members grow both personally and professionally.
Consistent Communication: Maintain regular communication with your team members. Share success stories, provide updates on new products, and offer encouragement. Consistent communication helps keep your team motivated and focused on their goals.
We’ve develops some great tools to help AMSOIL Dealers get started fast. #1 is this AMSOIL Buy Local Dealer Directory. All dealers that work on our team have free access to this. Secondly we have a specific AMSOIL Dealer Training website called www.accountdirect.lube-direct.com Account Direct used to be a level of achievement for dealers that are specifically working with the Commercial and Retailer / Installer market. We feel that Account Direct was one of the crucial achievements for dealers first starting out.
Choosing a Sponsor
Choosing the right sponsor in AMSOIL is a crucial step that can significantly impact your success as a new AMSOIL Dealer. A good sponsor provides guidance, support, and mentorship, helping you navigate the complexities of network marketing and build a successful dealership. Here are some steps to help you find or choose a sponsor in AMSOIL:
- Identify Your Goals and Needs Before you start looking for a sponsor, it’s important to identify your goals and needs. You can download the workbook, AMSOIL Dealer Game Plan in PDF to help you set your goals. Look for potential sponsors who align with your goals and needs. Here are some ways to find potential sponsors:
- What are your short-term and long-term goals in the AMSOIL business?
- What kind of support do you need to achieve these goals?
- Are you looking for someone with experience in a specific area, such as commercial accounts or retailer/installer sales?
- Interview several AMSOIL dealers to find out if they could be a good fit to help mentor you and guide you through the process of getting started as an AMSOIL Dealer.
- Call Dealer services at AMSOIL INC and talk with them to see if they have any good recommendations
- Look for dealers using the AMSOIL Buy Local or the “Find AMSOIL Near Me” on amsoil.com. Many active dealers are listed there.
- Use social media like Facebook or LinkedIn. Many full time / professional dealers have business profiles setup.
- Look at the “about us” pages on dealers website. This is ours: amsoil.lube-direct.com/about-us/
We would love the chance to help you get started right as a new AMSOIL Dealer so you can have the best chance of success. We are well rounded dealers and have over 25 years experience as dealers. This is our full time income and we take our business seriously. All dealers start at the same place, that is registering and paying the dealer fee. After that “The Sky’s The Limit” as Mr. Amatuzio used to say.
Is the AMSOIL Business Opportunity right for you?
Deciding if the AMSOIL business opportunity is right for you involves understanding the business model, assessing your interests and skills, setting clear goals, researching the market, talking to current dealers, evaluating the financial investment, assessing your risk tolerance, seeking professional advice, and trusting your instincts. By carefully considering these factors, you can make an informed decision and determine if the AMSOIL business opportunity aligns with your goals and aspirations.
Give us a call we would love to help you decide if becoming an AMSOIL Dealer is right for you. amsoilbuylocal.lube-direct.com/contact-us/
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