| Compensation Plan Upgrades Last week Strongbrook released powerful new features of the IBD opportunity. International Pre-registration and Free IBD Enrollment options are now available. See complete details in a separate article further below. As part of the process of expanding to international markets and going to a "Freemium" model, we are also simplifying our compensation plan, making it easier to qualify on more levels of depth, as well as making it easier to explain and understand. Here are exciting details on the compensation plan upgrades: 1. Significant Reduction in Requirements to Attain Most Ranks  Rank requirements are being lowered to make it significantly easier for people to qualify for higher ranks, and therefore, make more money sooner. In some instances the reductions are 90% to 95%! These are very significant changes, and will result in people earning on many more levels, much more quickly. For example, to earn on all 7 levels an IBD previously had to achieve 150,000 OCV over 3 months. Now he or she only needs to do 10,000 in a single month. 2. Enroller Bonuses and Tier Bonuses Are Being Combined To simplify plan explanation, enroller bonuses and tier bonuses are being combined into one. Technically, the enroller bonuses are being discontinued, and the enroller bonus percentage is being added to the Tier bonus percentage. Because Enroller Bonuses did NOT compress, and Tier Bonuses DO compress, this will result in a significantly higher total field percentage payout. Commissions will follow the positional placement line of sponsorship. Like all bonuses, an IBD must be "Active" by achieving at least 60 PCV in the previous calendar month in order to qualify. 3. "Active" Status Now Based on Previous Calendar Month To be eligible for any and all commissions (including Retail Commission), an IBD must be "Active". An IBD is considered "Active" by creating 60 PCV in the previous calendar month. Newly enrolled IBDs must create 60 PCV in their first month to be considered "Active".  Example: Joe's first month is March. Joes does 60 PCV in March, 60 in April, 0 in May and 60 in June. - Joe is qualified to earn Commissions on March's volume because he was Active in March and March was his month of sign-up.
- Joe is qualified to earn Commissions on April's volume because he was Active in March. (Active in previous month)
- Joe is qualified to earn Commissions on May's volume because he was Active in April. (Active in previous month)
- Joe is NOT qualified to earn Commissions on June's volume because he was NOT Active in May. (NOT Active in previous month)
- Joe is qualified to earn Commissions on July's volume because he was Active in June. (Active in previous month)
4. CV Adjusted to 60 on Mentoring Network and MAP Subscriptions CV is being lowered on the Mentoring Network and MAP subscriptions. (The CV on all other products such as PSAs, Estate Plans, Mentoring Network Store Products, etc. will remain the same.) The net affect of the lowered CV will mean a person will now earn $26 per month (vs. $28). This CV adjustment is necessary to help offset the increased total company payout and costs due to: - Lowering of rank requirements (increases payout %)
- Adding Enroller to Tier bonus (increases payout %)
- Unlimited free App distributions rights – Apple (App is not free to the company)
- Unlimited free App distributions rights – Android (App is not free to the company)
- Free Mentoring Network content creation and maintenance
- Elimination of new IBD $99 signup fee
- Elimination of IBD $19.95 monthly fee
- Elimination of IBD $50 annual renewal fee
- Elimination of all website fees, back-office fees, etc. (not free to company)
- Three and free program with 1 for 1 gifting (not free to company)
As stated above, the net effect of the lowered CV will mean a person will now earn $26 per month (vs. $28) on personal enrolled persons who are on the $99 monthly subscription, $6 on levels 1 through 4, and $3 on levels 5 through 7.
5. Fast Start Bonuses
Fast Start Bonuses remain as they were on physical Fast Start products, which will remain available in the USA. Digital Fast Start offerings are being created for and will be available to all IBDs and Customers worldwide.
6. Business Builder Bonus
Business Builder Bonus remains unchanged on physical Fast Start products. Business Builder Bonuses for digital products are yet to be determined.
7. 3 Months In A Row To Attain New Primary Rank Status
An IBD must maintain a Paid As Rank for 3 consecutive months in order to establish a new higher Rank Title. 8. Sales Supervisor Promotion Bonus
With the lowering of Sales Supervisor level from 50,000 OCV to 2500 OCV (a 95% reduction) this Bonus is no longer needed and has been discontinued.
9. Sales Manager Bonuses
Remains unchanged.
10. Sales Director Pools - Remains unchanged. |
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