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