Transcript Title
Mannatech’s new enhanced compensation plan 1 Why the need to enhance? • Mannatech pays out a total 42% in commissions and incentives. • Invisible money was found when looking at the compensation plan 2 So where was this money being rewarded? • Team Bonus was being used as an offset against product purchase price. • This did not encourage business growth. • Unilateral payments were not effectively paying on level 1-5 3 The compensation plan enhancements 4 Team bonus • NZD $100 • Must Be Qualified 100PV • 600 GPV • No more than 65% and 390 GPV from one leg! It’s simpler than before 5 Team Development Bonus By helping your team earn a Team Bonus you will earn a Team development bonus of $13 as the first qualified upline. Another NZ$13 is given to the second qualified upline. 6 Earn the right from the get go! • • • • • NZ$100 Team Bonus NZ$13 Team development bonus NZ$83 Pack Bonus (Direct) (multiple times) 3% AO Bonus on amounts paid NZ$440 Power Bonus (multiple times) 7 Organisational Income PV now on ALL Packs Makes it easier to earn: • Team Bonus • Leadership • Lifestyle Rewards 8 Immediate Income • It pays more to be a Champion All Star Associate • Enhancements to the Direct Bonus will mean higher Bonuses to the enroller if you are a Champion All Star. • The Direct Bonus is also paid to the 1st and 2nd generational up line leaders. • Training certificate of NZ$22 in All Star packs 9 Summary of bonuses 10 Summary of bonuses 11 Lifestyle Bonuses • Paid every BP to National Director level and above • Paid on top of all product and pack earnings •ND NZ$440 • ED NZ$965 • PD NZ$2200 12 13 14 Mannatech loyalty program 15 Loyalty Program • Better rewards for loyal customers • We are now offering a 20% Loyalty Credit rather than a 10% discount • Associate pay wholesale price for all orders • Earn credits every 3 consecutive BP’s • Receive 20% credit of the total of those orders • No PV or APO is attached on loyalty credit orders • One Year Expiration 16 Loyalty Program Business Period 1 Business Period 2 Business Period 3 Your automatic order Your automatic order Your automatic order Order value $200 Loyalty credit $40 Order value $200 Loyalty credit $40 Order value $200 Loyalty credit $40 • Total order value over 3 BPs worth $600 • 20% loyalty credit over 3 BPs worth $120 • Applies towards getting a FREE product of equivalent dollar value Note: product purchases using credits have no APO attached 17 Who is Automatically opted in to the new Loyalty Program ? • All new Associates and members who join Mannatech from BP8 • All Associates who hold a leadership level of RD or above as at the start of BP8 • Anyone who has earned a Team Bonus in BP 6 or 7 continued…… 19 Who is Automatically opted in to the new Loyalty Program ? • Any Associate who earns a Team Bonus for the first time from BP8 onwards. • Any Associate who becomes a leader for the first time from BP8 onwards. • Any Associate who is not included in the above groups and who ceases to hold an AO as at or after BP8. 20 Summary 21