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Transcript of A Team Approach to Business Ownership - CLS … · Word of Mouth Advertising Independent Business...
WHAT IS YOUR FINANCIAL PLAN?
Financial IntelligenceRequires a NEWNEWNEWNEW approach:
Few people ever have “Left Over Money”
Just trading time for money has limitations
Back to School/Better Job
Save/Invest Your“Left Over” Money
Just Wait for“Social Security”
Second Job/Spouse Works
YOURFINANCIAL
PLAN
FINANCIAL INTELLIGENCE
A change of thinking is required.
How do you move to the right side with limited capital and time?
Exchanging time for money
RENTING YOUR LIFEOwning assets that
produce income
OWNING YOUR LIFE
90% of the people
10% of the wealth
LEFT SIDE10% of the people
90% of the wealth
RIGHT SIDE
ActivelyManaged
Investments
Owner
Work for Self
Job
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SUPPLY CHAIN
How does this new business model differ from other business models?
New Business Opportunity
Traditional Business
Distribution Costs
Often 50% or More
Retail ProfitsIBO Discounts Volume Bonuses
Manufacturer Consumer
WholesalerManufacturer Retailer Consumer
Word of Mouth Advertising
IndependentBusiness Owner
THREE KEY ELEMENTS
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You are in business for yourselffor yourselffor yourselffor yourself but not by yourself !by yourself !by yourself !by yourself !
The Opportunity
Business model
IBO Compensation Plan
Infrastructure
Products/Services
The Education
Education available
Optional professional training resources
Operating in 36 countries and 23 languages
The Team
Partnering
Mentoring
Teamwork
WHAT PRODUCTS ARE AVAILABLE?
Well known brands. Save money on purchases, which is a benefit of
ownership. Here is a sample…
Often 50% or More
Partner Stores and Major BrandsList of Partner Stores as of June 2018 and subject to change. May vary by market. These change from time to time.
For a complete list of Partner Stores, visit www.amway.com.
OUR PRIMARY MARKETS
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Anyway Money
$1 Trillion Industry
Health, Fitness and Energy
Women and Men
Teens to Seniors10,000 turn 65 every day
Beauty and Skin Care
Lifestyle Products
Home Family
Business Personal
Consumables
THE OPPORTUNITY
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*Year ending December 2017
The world headquarters spans more than 3 million square feet and stretches for 1 mile
1.5 million sq. ft. of warehousing space
Over $8 billion in global sales*
50+ years old - family owned
100+ countries and territories
Over 20,000 global employees
A+ Rating - Better Business Bureau
IBO Compensation Plan
Over 1,100 patents
Products/Services
Infrastructure
EDUCATION AND TEAM
The Education
Education available
Optional professional training resources
Operating in 36 countries and 23 languages
The Team
Partnering
Coaching
Teamwork
A Business Leadership Training Company
HOW DO YOU MAKE MONEY?
3 ways to create points and increase monthly income:
Buyfrom
yourself
1 2 3Specialize
anddevelop clients
Refer others and build a
team
Save money
Volumebonuses
Up to 35% margins
Volume bonuses
Volumebonuses
HOW DO YOU MAKE MONEY?
Performance Bonus Schedule *
All products and services purchased
by IBOs and c l ients are
ass igned POINTS.
Points are accumulated
monthly and can result in cash
bonuses .
1 point equals about $3 .
7500
6000
4000
2500
1500
1000
600
300
100
=
=
=
=
=
=
=
=
=
25%
23%
21%
18%
15%
12%
9%
6%
3%
points
points
points
points
points
points
points
points
points
©2018 Amway Corp. All rights reserved. Reproduced under license from Amway Corp. Unauthorized duplication is prohibited.
YOUR BUSINESS PLAN
Fast Track Strategy
Personal Coaching
Skil ls Training
Segmented Lists
Profitabil ity Goals
The Team 21 Strategy
YOURCOACHING
TEAM
YOUA Business Leadership
Training Company
GROW YOUR TEAM
Retail profit included in income levels.
Buy
From
yourse lf
1
Example 2 : 2 ,600 g roup po in t s (GPV)
YOU3 0 0 p o i n t s
1200p o i n t s
1 2 %
600p o i n t s
9 %
350p o i n t s
6 %
150p o i n t s
3 %
$800/m o n t h = 18%
Example 3 : 7,500 g roup po in t s (GPV)
3500p o i n t s
1 8 %
700p o i n t s
9 %
500p o i n t s
6 %
2250p o i n t s
1 5 %
YOU6 0 0 p o i n t s
$2500/m o n t h
= 25%
Example 1 : 1 , 200 g roup po in t s (GPV)
$250 /m o n t h = 12%
150p o i n t s
600p o i n t s
YOU1 5 0 p o i n t s
300p o i n t s
All incomes are approximate. The average monthly Gross Income for “active” IBOs was USD $183 (in the U.S.)/CAD $206 (in Canada). Approximately 53% of IBOs in the U.S., and 49% of IBOs in Canada, were “active.” IBOs were considered “active” in months in 2013 when they attempted to make a retail sale,
or presented the IBO Amway IBO Compensation Plan, or received bonus money, or attended an Amway or IBO meeting. If someone sustained that level of activity every month for a whole year, their annualized income would be $2,196 (U.S.)/$2,472 (Canada). Of course, not every IBO chooses to be active every
month. “Gross Income” means the amount received from retail sales, minus the cost of goods sold, plus monthly bonuses and cash incentives. It excludes all annual bonuses and cash incentives, and all non-cash awards, which may be significant. There may also be significant business expenses, mostly
discretionary, that may be greater in relation to income in the first years of operation. For the purposes of the calculation in Canada, individuals who were IBOs for less than the entire year in 2013 were excluded. Before registering as an Independent Business Owner (IBO) powered by Amway, you should read
and understand the Amway™ Business Overview Brochure, which contains important information for those interested in becoming IBOs. Example 3: Approximately 1.5% IBOs in North America achieved the illustrated level of the performance in the year 2014. *© 2016 Amway Corp. All rights reserved.
7500
6000
4000
2500
1500
1000
600
300
100
=
=
=
=
=
=
=
=
=
25%
23%
21%
18%
15%
12%
9%
6%
3%
points
points
points
points
points
points
points
points
points
Per fo rman ce Bon u s Sch edu le *
A d d i t i o n a l b o n u s e s a n d i n c e n t i v e t r i p s a v a i l a b l e f o r c o n s i s t e n t q u a l i f i c a t i o n .
EXPAND YOUR TEAM
You can qual i fy for the 6% leadership bonus.
All incomes are approximate. The average monthly Gross Income for “active” IBOs was USD $183 (in the U.S.)/CAD $206 (in Canada). Approximately 53% of IBOs in the U.S., and 49% of IBOs in Canada, were “active.” Fig.1: Approximately 0.0349% of active IBOs of record in North America achieved the
illustrated level of success in the performance year ending August 31, 2014. Fig.2: Approximately 0.0191% of active IBOs of record in North America achieved the illustrated level of success in the performance year ending August 31, 2014. The average 4% Leadership Bonus for North American IBOs of record was
$1,202 in the performance year ending August 31, 2014. © 2016 Amway Corp. All rights reserved.
How many teams do you want at 25%?
Add i t iona l bonuses and incent ive t r ips a re
ava i l ab le to those l eaders w i th mu l t ip le 25% teams .
You help other teams reach the 25% bonus level.
Figure 1
Figure 2
25%
YOU7500
25% 25%
25% 25% 25% 25%25%25%
YOU7500
THE NEXT STEP
Teams are forming
right now…why hesitate?
P l a c e y o u r f i r s t o r d e r w i t h A m w a y . c o m a n d b e g i n y o u r b u s i n e s s . E d u c a t i o n a v a i l a b l e t h r o u g h C E P , N 2 1 M e d i a , S e m i n a r s .
T h i n k a b o u t w h a t y o u w o u l d w a n t f r o m y o u r n e w b u s i n e s s ( i f y o u k n o w w h y , w e k n o w h o w ) .
R e g i s t e r a s a n I B O .
S c h e d u l e a S t a r t i n g P o i n t s e s s i o n t o a c t i v a t e y o u r n e w b u s i n e s s .
M e e t t h e m e m b e r s o f y o u r t e a m ,a n d b e g i n g r o w i n g y o u r b u s i n e s s .
“ I f you don’t change direct ions,
you’ l l end up where you’re heading.”
- Jim DornanFounder of Network21
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2
3
4
5
THE NEXT STEP
Got questions? These audios are for you.
New IBOs
30-Day FREE
Membership to
N21 Media
100s of hours of
training and education!
A Business Leadership Training Company
David Dornan
Margin Common MisconceptionsTake Ownership
The Amway business
opportunity is just that,
an opportunity that comes with a choice.
If you decide this business is for you,
then the possibilities
are endless.