Transcript Compensation Plan
Understanding the Compensation Plan and How to Advance Ranks
With Rod Alan Richardson
The Power of a Residual Income!
Who would like to have $40,000 in savings earning 7% interest?
A $50 Residual Income is equal to $8,000 in a Bank Account Earning at 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 Income
RETENTION RATE!
doTERRA has a 64% Retention Rate
Six Ways to Earn from doTERRA!
Purchase Reward Credits Retail Sales Fast Start Bonus Power of 3 Bonus
Unilevel Primary Commission
Leadership Bonus Pool
dōTERRA Loyalty Rewards Program
Key Points of Loyalty Rewards Program Must be enrolled as Preferred Customer or IPC Must maintain a minimum of 100 pv to earn a check And a minimum of 50 Points to accumulate points.
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)
Understanding the Difference Between Enroller and Sponsor
Enroller = is the owner and has control of the IPC and is paid the Fast Start Bonuses Sponsor = the placement of the IPC; Unilevel is paid up through the sponsors
What is PV and OV?
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 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 • LRP 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 during the first 60 days of the new IPC • Qualifying LRP of 100pv minimum required to receive bonus
Example of Fast Start Bonus
If Sally decided to become an IPC and she purchased a Diamond Enrollment kit for $2,125, her purchase is worth 2,000 pv. • • • You would earn $400.
The person who enrolled you would earn $200 And their enroller would earn $100
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 three You earn $1,500 per month © 2008 dōTERRA Holdings, LLC, Unauthorized duplication prohibited
Unilevel Primary Commission © 2008 dōTERRA Holdings, LLC, Unauthorized duplication prohibited
The First Important Ranks
Elite =
3,000 OV
Premier =
5,000 OV
Premier is the first rank that requires structure. You must have 2, personally enrolled legs with a minimum of 2,000 ov each for a total of 5,000 ov
First Rank Requiring Structure Paid 6 Levels
The First Recognized Leadership Rank Paid 7 Levels
Must be the Enroller of the Qualifying Rank
Momentum Rank
Significant Jump and Positioned for Diamond
First Diamond Rank
Leadership Performance Pool 2% of Entire Company Volume For Example: If the Company Makes $1 Million Dollars, the Leadership Performance Pool would be $20,000 A Silver Gets 1 Share $1,250 A Gold Gets 5 Shares $6,250 A Platinum Gets 10 Shares $12,500 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 For Example: If the Company Makes $1 Million Dollars, the Diamond Performance Pool would be $10,000 All Diamonds Split 1 Share $1,667 All Blue Diamonds Split 2 Shares $3,333 All Presidential Diamonds Split 3 Shares $5,000 One Additional Share is Earned for Every Personally Enrolled Premier on Your Team © 2008 dōTERRA Holdings, LLC, Unauthorized duplication prohibited