Understanding the Compensation Plan and How to Advance Ranks With Rod Alan Richardson.

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Understanding the Compensation Plan and How to Advance Ranks With Rod Alan Richardson

Transcript of Understanding the Compensation Plan and How to Advance Ranks With Rod Alan Richardson.

Understanding the Compensation Plan andHow to Advance Ranks

WithRod Alan Richardson

Rod Alan Richardson Entrepreneur Consultant to hundreds of emerging businesses Creator of the Entrepreneurial Success System Instructor at CEO Space Free Enterprise Forum Adjunct Faculty Member of WWCC Business

Development Department Co-Founder of Ri Training Author of The Art of Lifting Others DoTERRA Gold IPC

The Power of a Residual Income!

A $50 Residual Income is equal to

$8,000 in a Bank Account Earning at 7% Interest

Who would like to have $40,000 in savings earning 7% interest?

A $250 Residual Income is equal to$40,000 in a Bank Account Earning at 7% Interest

A $1,500 Residual Income is equal to$240,000 in a Bank Account Earning at 7% Interest

The Single Most Important Factor in Creating a Residual

IncomeRETENTION RATE!

doTERRA has a 64% Retention Rate

Six Ways to Earn from doTERRA!

Retail Sales

Fast Start Bonus

Power of 3 Bonus

Unilevel Primary Commission

Leadership Bonus Pool

Purchase Reward Credits

dōTERRA RewardCredits

Key Points of Reward Credits

Must maintain a minimum of 50 Points in purchases to Redeem

Complete Control Over What Products You Order and the Date it Ships

Can Cancel at Anytime by Calling Member Services (Reward Credits will be Lost)

Must be enrolled as Preferred Customer or IPC

Enroller = is the owner and has control of the IPC and is paid the Fast Start Bonuses

Understanding the Difference Between Enroller and Sponsor

Sponsor = the placement of the IPC; Unilevel is paid up through the sponsors

PV = Personal Volume, or the value of your personal purchases. It is a point system that helps the company manage foreign exchange rates and profit margins

What is PV and OV?

OV = Overall Volume and represents the cumulative personal purchases of your entire team.

Retail Profit• Earn 25% on Retail

Purchases

• Paid Monthly

• Commission Paid on Purchases from Your Website

• Autoship is not required

Example Retail Profit

If Sally purchased a Family Physician Kit from your website for $166.67, you would earn $33.33

Fast Start Bonus

• Now Money Now!

• Paid Weekly

• Paid to Enrollers not Sponsors

• Qualifying Autoship of 100pv minimum required to receive bonus

Example of Fast Start Bonus

• You would earn $400.• The person who enrolled you would earn $200• And their enroller would earn $100

If Sally decided to become an IPC and she purchased a Diamond Enrollment kit for $2,125, her purchase is worth 2,000 pv.

© 2008 dōTERRA Holdings, LLC, Unauthorized duplication prohibited

Power of 3 Bonus

You find 3 other that want purchase products wholesale through doTERRA’s Autoship Rewards Program.

You earn $50 as long as this structure is in place and you and your team have 600 pv

Help your three find their three and you earn$250 as long as this structure is in place

When you’ve completed three levels of threeYou earn $1,500 per month

© 2008 dōTERRA Holdings, LLC, Unauthorized duplication prohibited

Unilevel Primary Commission

The First Important Ranks

Elite = 3,000 OV

Premier = 5,000 OV

The First Recognized Leadership Rank

Momentum Rank

Significant Jump and Positioned for Diamond

First Diamond Rank

© 2008 dōTERRA Holdings, LLC, Unauthorized duplication prohibited

Leadership Performance Pool

1% of Entire Company Volume

All Silvers Split 1 Share

All Golds Split 3 Shares

All Platinums Split 6 Shares

For Example: If the Company Makes $1 Million Dollars, the Leadership Performance Pool would be $10,000

$1,000

$3,000

$6,000

One Additional Share is Earned for Every Personally Enrolled Elite on Your Team

© 2008 dōTERRA Holdings, LLC, Unauthorized duplication prohibited

Diamond Performance Pool

1% of Entire Company Volume

All Diamonds Split 1 Share

All Blue Diamonds Split 2 Shares

All Presidential Diamonds Split 3 Shares

For Example: If the Company Makes $1 Million Dollars, the Diamond Performance Pool would be $10,000

$1,667

$3,333

$5,000

One Additional Share is Earned for Every Personally Enrolled Premier on Your Team