QNET Compensation Plan Presentation_India

41
1

description

Qnet Compensation Plan

Transcript of QNET Compensation Plan Presentation_India

Page 1: QNET Compensation Plan Presentation_India

1

Page 2: QNET Compensation Plan Presentation_India

2

Page 3: QNET Compensation Plan Presentation_India

3

IR = RI INDEPENDENT REPRESENTATIVE = RECURRING INCOME

By becoming a QNET Independent Representative,

you can choose to have the unlimited opportunity of Recurring Income

through personal consumption and retail sales!

Page 4: QNET Compensation Plan Presentation_India

4

QNET Community

QNET is the one of the fastest-growing online shopping and business community.

Home to the best lifestyle products in the right business, our prestigious compensation plan is the heart of your QNET career as an Independent Representative (IR).

Because our expanding QNET community of customers and distributors are our most important asset, we ensure to offer the most dynamic and innovative plan in the direct selling arena.

Page 5: QNET Compensation Plan Presentation_India

5

QNET Opportunity

• With 8 different ways to earn and up to 50% of sales paid out in commissions, QNET is a powerfully rewarding opportunity.

• The QNET business opportunity means big business for you. Dream big, act with purpose and passion. The rewards will follow!

• Whether you want to enhance your life through great products, to achieve financial freedom to support your family, to travel the world, to get more out of life… your opportunity lies with QNET.

Page 6: QNET Compensation Plan Presentation_India

6

Your journey through the QNET community

to achieve the business opportunity.

START HERE Register, Qualify

& Activate your account

DO THIS • Be a loyal satisfied user of your own products and services

• Retail Customers who BUY and Refer IRs who BUILD

• Maintain your own activity and quarterly requirement

• Progress through the QNET Star Ranks

GET THIS • Retail Profit

• Repeat Sales Points

• Early Payout

• First Purchase Profit

• Step Commission

• Rank Advancement Bonus

• Year-Round Rewards

• Travel Incentives

Page 7: QNET Compensation Plan Presentation_India

7

HOW DO YOU START?

Page 8: QNET Compensation Plan Presentation_India

8

GETTING STARTED IS SIMPLE

1

Register 2

Qualify 3

Activate 4

Maximise

Page 9: QNET Compensation Plan Presentation_India

9

Register

• Register online for Free through www.qnetindia.in

• Receive three (3) Tracking Centres upon Registration. These

are the foundations of your placement in the genealogy.

Note: Tracking Centre” or “TC” means a position in the Company’s database.

Commissions and/or bonuses are calculated on the sale of products with

reference to each Tracking Centre

Page 10: QNET Compensation Plan Presentation_India

10

Annual Maintenance Fee

• Pay an Annual Maintenance Fee of INR 1,500 for the following

services from the IR’s first Anniversary Date

Online Business Planner & Product Portfolio

Access to your Virtual Office

Access to 3 eStores

Business, marketing, and eCommerce tools

Page 11: QNET Compensation Plan Presentation_India

11

Qualify

• Qualify at least one of your Tracking

Centres with 500 BV by selling

products to a Retail Customer or

making Purchase for personal

consumption.

Tracking Centre 001 is now qualified with 500 BV.

Extension 002 and 003 are not yet Qualified.

Tracking Centre Required

Qualifying BV

001 500 BV

002 500 BV

003 500 BV

Note: Required Qualifying BV for TC 004 and subsequent TCs is minimum

1000 BV.

Page 12: QNET Compensation Plan Presentation_India

12

Activate

• To Activate means a Qualified IR directly sponsors at least one (1) Qualified Direct

Referral per side of any of his/her Tracking Centres

• There are two ways to activate:

1. Personal Sponsorship

2. A combination of Personal Purchase, directly referred Qualified IR Purchase and directly referred Retail Customer’s Purchase

Special Launch Promo!

Self-Activation will be allowed

Page 13: QNET Compensation Plan Presentation_India

13

Activation Method #1 Personal Sponsorship

Help to qualify one direct referral under each side of any of your tracking centres

Page 14: QNET Compensation Plan Presentation_India

14

Activation Method #2 Combination: Personal Purchase + Directly referred Qualified IR

Purchase and Directly Referred Retail Customer Purchase

The combination of BV from Personal Purchase, directly referred Qualified Referral Purchase and directly referred Retail Customer Purchase allocated to each of the three Tracking Centres.

Page 15: QNET Compensation Plan Presentation_India

15

Self Activation*

Qualify Tracking Centres 001, 002 and 003 from Retail Sales or

making Purchase for Personal consumption.

All products are personally

purchased by the IR.

All products are purchased by the

Retail Customer but

corresponding BV is allocated to

Referrer’s TCs.

Page 16: QNET Compensation Plan Presentation_India

16

Maximise

Move to action as you build and

lead an organisation of people who

share the same dreams and goals

as you. By progressing through the

QNET Star Ranks, you can

maximise earnings and enjoy a

richer and fuller lifestyle as a

member of the growing QNET

community.

Page 17: QNET Compensation Plan Presentation_India

17

Page 18: QNET Compensation Plan Presentation_India

18

Q1 Retail Profit

• Selling QNET products directly to your Retail

Customers is the cornerstone of a solid

foundation for your business.

• When you refer a Retail Customer who

purchases from the Company, you receive

the Retail Profit, which is the difference

between your customer’s Retail Price and

your discounted price as an IR.

Price paid

by Retail

Customer

Your Price

Your Retail

Profit

Page 19: QNET Compensation Plan Presentation_India

19

Q2 Repeat Sales Points

• From every repeat sale of products through the QNET Repeat eStore * to Retail Customers or Direct Referrals, the active Direct Referrer up to three (3) levels will earn the designated points which can be converted into either cash or Business Volume (BV).

• Repeat Sales Points are automatically computed and you can easily manage them in your Virtual Office.

Page 20: QNET Compensation Plan Presentation_India

20

Repeat

Sales

Points

Direct Referrer Level III

Receives Repeat Sales

Points

Direct Referrer Level II

Receives Repeat Sales

Points

Direct Referrer Level I

Receives Repeat Sales

Points

IR or Retail Customer

Purchases Products

Page 21: QNET Compensation Plan Presentation_India

21

Repeat Sales Points (RSP)

• Definition: Points earned from repeat sales which are convertible

either into Cash or BV.

• An active IR earns RSP from repeat sales through the QNET

Repeat eStore to the Retail Customers or from Personal Purchases

of their referred Downlines as deep as three (3) levels.

• Points not converted into BV will be automatically converted into

cash if not redeemed within six (6) months.

• BV converted from RSP is credited to the IR’s BV Bank. It is used to

qualify a TC and counts in GBV for Step Commission calculation.

Page 22: QNET Compensation Plan Presentation_India

22

Definitions & Rules

RSP Cash equivalent* BV equivalent

60 INR 460 20 BV

300 INR 2,760 160 BV

600 INR 6.900 420 BV

1,000 INR 13,800 900 BV

RSP Conversion to Cash and BV

*RSP will automatically be converted into cash after 6 months and directly credited to the Commission Payable

Account (CPA). Any remaining RSP will be calculated into INR using a proportion rate based on 60 RSP.

Page 23: QNET Compensation Plan Presentation_India

23

Compression

Creates

Excitement!

When an IR misses the

quarterly requirement,

active IRs from below

temporarily move up to

replace them.

QNET pays producers!

Before Compression After Compression

IR Quarterly Requirement Achieved?

Yes = Active IR

No = Inactive IR

NOTE: B and D are temporarily replaced by F and I but will resume their positions once they again meet their quarterly activity requirements.

Page 24: QNET Compensation Plan Presentation_India

24

Q3 Early Payout

The Early Payout applies only to Primary TC

001,Cycle 1, Step 1 and is paid according to

the following Commission Schedule.

It’s a powerful way to get fast cash!

Lower-Volume Leg Early Payout Time Frame

1,000 BV INR 2,500 IR must achieve the required

lower-volume leg within the

first 4 weeks from IR’s

registration date.

1,000 BV INR 2,500 IR must achieve the required

lower-volume leg within the

first 6 weeks from IR’s

registration date.

1,000 BV INR 5,000 N/A

This illustrates Early Payout to IR under Bronze Star Rank.

Page 25: QNET Compensation Plan Presentation_India

25

The illustration shows Step 1 of the

Step Commission and how Early

Payout is earned (totaling INR 10,000).

Qualified and Activated IR

A earns INR 2,500

(1000 BV on Lower-Volume Leg)

STEP 1 ends and STEP 2 begins

Step 1 : 3,000 BV on Lower-Volume Leg

Qualified and Activated IR

A earns INR 2,500

(another 1,000 BV on Lower-Volume Leg)

Qualified and Activated IR A earns INR 5.000 (another 1,000 BV on Lower-Volume Leg)

Page 26: QNET Compensation Plan Presentation_India

26

Q4 First Purchase Profit

As a Referrer, you will receive the First

Purchase Profit from the qualifying retail

sale/purchase made by your new

personally referred IR. The First Purchase

Profit is the difference between the price of

the first purchase of an IR (made at Retail

Price) and the IR Discounted Price.

Price paid

by

personally

sponsored

IR IR

Discounted

Price

Your First

Purchase

Profit

Page 27: QNET Compensation Plan Presentation_India

27

Q5 Step Commission

Step Commission is the progressive

commission paid according to an

IR’s compensation level.

At the end of each commission

period (week), QNET through its

advanced and modern commission

engine will search down your Tree to

determine group BV and the

allowable commission amounts per

Tracking Centre determined by

active rank.

STEP 2 ends and STEP 3 begins

STEP 1 ends and STEP 2 begins

Qualified and Activated IR A earns INR 10,000 (another 3,000 BV on Lower-Volume Leg)

Note: IR must be Qualified and Activated to earn Step Commissions.

BV Balance from Step 1 will be carried over to Step 2

onwards

Page 28: QNET Compensation Plan Presentation_India

28

Step Commission Chart

*EP stands for eVoucher Points, which are used to redeem products in the QNET Redeem eStore.

Step

Business Volume

(BV) Rank

Lower-Volume

Leg (BV)

Bronze

Star

Silver

Star

Gold

Star

Platinum

Star

Diamond

Star

1 3,000 BV INR 10,000 INR 11,250 INR 12,500 INR 13,750 INR 15,000

2 3,000 BV INR 10,000 INR 11,250 INR 12,500 INR 13,750 INR 15,000

3 3,000 BV INR 10,000 INR 11,250 INR 12,500 INR 13,750 INR 15,000

4 3,000 BV INR 10,000 INR 11,250 INR 12,500 INR 13,750 INR 15,000

5 3,000 BV INR 10,000 INR 11,250 INR 12,500 INR 13,750 INR 15,000

6 3,000 BV 10 EP 10 EP 10 EP 10 EP 10 EP

Page 29: QNET Compensation Plan Presentation_India

29

Weekly Maximum Step Commission per TC

Rank Bronze

Star

Silver

Star

Gold

Star

Platinum

Star

Diamond

Star

Payout per step

INR 10,000 INR 11,250 INR 12,500 INR 13,750 INR 15,000

Maximum steps per week 40 50 60 70 80

Maximum payout per week

INR 340,000 + 60 EP

INR 472,500 + 80 EP

INR 625,000 + 100 EP

INR 811,250 + 110 EP

INR 1,005,000 + 130 EP

Page 30: QNET Compensation Plan Presentation_India

30

Q6 Rank Advancement Bonus

With Rank Advancement in the Step

Commission, you can earn up to

INR 3,015,000 plus eVoucher Points

each week!

As you grow and advance in rank, the

amount paid per step increases, the

number of weekly steps allowed

increases, and the maximum weekly

payout can be achieved.

It pays to Grow!

Page 31: QNET Compensation Plan Presentation_India

31

Quarterly Rank Advancement Requirements

* Quarterly requirements (13 weeks)

** One-time requirement.

1Personal Business

Volume, BV

BV achieved from the purchases/retail sales from the Repeat E-

storeN/A N/A 60 60 60

2 Steps earned  Number of Steps earned from 14 April 2012 onwards.

This is a one time requirement to be achieved in Gold Star Rank

N/A N/A

Number of new Qualified direct Referrals from 14 April 2012

onwards.

This is a one time requirement to be achieved in Silver Star Rank

4Repeat Sales Points

(RSP) 

Points earned from Repeat Sales or purchases made by 3-level

Downlines under your line of Referralship which are convertible into

cash or BV.

N/A N/A 200 600 1,200

5BV from new Direct

Referrals, BV

Your BV achieved from the purchases of your direct Referrals from

Qualify E-store and Repeat E-storeN/A N/A 500 1,000 1,500

Your BV achieved/earned from the Repeat Sales made by the

Downlines under your lines of Referralship.

For Gold Star Rank: 1,000 GRBV from the Repeat Sales within your

network.

For Platinum Star Rank: 15,000 GRBV with no more than 7,500

GRBV coming from each direct line of Referralship. This means

that 15,000 GRBV must come from at least 2 or more direct

Referral lines

For Diamond Star Rank: 50,000 GRBV with no more than 12,500

GRBV coming from each direct line of Referralship. This means

that 50,000 GRBV must come from at least 4 or more direct

Referral lines

7

Number of Indirect

Referrals with New

Rank Advancement

Your indirect Referrals who advanced from Silver to Gold Star Rank

and upwardsN/A N/A N/A 30 90

Your  BV in the weaker leg in the Binary Genealogy

For Platinum Star Rank : Achieve 120,000 BVs per week on Lower

Volume Leg for 8 weeks within a Quarter.

PROMO:  Achieve 86,400 BV per week on Lower Volume

Leg for 8 weeks from 30 Sep 2012 to 29 March 2013

For Diamond Star Rank: Achieve 180,000 BVs per week on Lower

Volume Leg for 8 weeks within 1 Quarter

To become  Platinum Star -  From Gold Star rank, achieve

Platinum Star  requirements for 2 consecutive Quarters and

become a Platinum Star from the beginning  of the next Quarter.

To become Diamond Star  -  From Platinum Star rank, achieve

Diamond Star requirements for 4 consecutive Quarters and

become a Diamond Star from the beginning of the next Quarter.

QUARTERLY RANK ADVANCEMENT REQUIREMENTS

No CRITERIABRONZE

STAR

SILVER

STAR

Pay-out Rank

Maintenance9 N/A N/A

3Number of Qualified

Direct Referrals N/A 3

Diamond

Star

2

50,000

8Lower Volume Leg,

BV

PLATINUM

STARDEFINITION/REMARKS

N/A

6

Group Repeat

Business Volume ,

GRBV

N/A N/A

GOLD

STAR

PROMO

86,400 BV per Week

(from 30 September

2012 to 29 March

2013)

REGULAR: 120,000 BV

per Week

180,000 per Week

Achieve Platinum

Star requirements

for 2 consecutive

Quarters

Achieve Diamond

Star requirements

for 4 consecutive

Quarters

N/A

1,000

N/A

N/A

15,000

Page 32: QNET Compensation Plan Presentation_India

32

1Personal Business

Volume, BV

BV achieved from the personal purchases/retail sales from the

Repeat E-storeN/A N/A 60 60 60

2 Steps earned  Number of Steps earned from 14 April 2012 onwards.

This is a one time requirement to be achieved in Gold Star Rank

N/A N/A

Number of new Qualified direct Referrals from 14 April 2012

onwards.

This is a one time requirement to be achieved in Silver Star Rank

4Repeat Sales Points

(RSP) 

Points earned from Repeat Sales or purchases made by 3-level

Downlines under your line of Referralship which are convertible into

cash or BV.

N/A N/A 200 600 1,200

5BV from new Direct

Referrals, BV

Your BV achieved from the purchases of your direct Referrals from

Qualify E-store and Repeat E-storeN/A N/A 500 1,000 1,500

Your BV achieved/earned from the Repeat Sales made by the

Downlines under your lines of Referralship.

For Gold Star Rank: 1,000 GRBV from the Repeat Sales within your

network.

For Platinum Star Rank: 15,000 GRBV with no more than 7,500

GRBV coming from each direct line of Referralship. This means

that 15,000 GRBV must come from at least 2 or more direct

Referral lines

For Diamond Star Rank: 50,000 GRBV with no more than 12,500

GRBV coming from each direct line of Referralship. This means

that 50,000 GRBV must come from at least 4 or more direct

Referral lines

7

Number of Indirect

Referrals with New

Rank Advancement

Your indirect Referrals who advanced from Silver to Gold Star Rank

and upwardsN/A N/A N/A 30 90

Your  BV in the weaker leg in the Binary Genealogy

For Platinum Star Rank : Achieve 120,000 BV per week on Lower

Volume Leg for 8 weeks within a Quarter.

PROMO:  Achieve 86,400 BV per week on Lower Volume

Leg for 8 weeks from 30 Sep 2012 to 29 March 2013

For Diamond Star Rank: Achieve 180,000 BV per week on Lower

Volume Leg for 8 weeks within 1 Quarter

QUARTERLY RANK MAINTENANCE REQUIREMENTS

15,000 50,000

3Number of Qualified

Direct Referrals N/A

No CRITERIA DEFINITION/REMARKSBRONZE

STAR

8Lower Volume Leg,

BVN/A N/A

6

Group Repeat

Business Volume ,

GRBV

N/A N/A

N/A

PROMO

86,400 BV per week

for 8 weeks (from 30

September 2012 to 29

March 2013)

REGULAR: 120,000 BV

per week for 8 weeks

180,000 per week

SILVER

STAR

GOLD

STAR

PLATINUM

STAR

Diamond

Star

2

3

1,000

Quarterly Rank Maintenance Requirements

Page 33: QNET Compensation Plan Presentation_India

33

Maximum Earnings

Rank Qualifications Weekly Maximum Cash*

Bronze Star • Tracking Centres must be Qualified and Account must

be Activated**

Up to INR 1,020,000 /

week (INR 340,000 / TC /

week)

Silver Star** • 3 Qualified Direct Referrals *** Up to INR 1,417,500/ week

(INR 472,500 / TC / week)

Gold Star** • Earn 2 Steps ****

• Retail sales/personal purchase of 60 BV/quarter from

the Repeat eStore.

• Achieve 200 Repeat Sales Points (RSP)/quarter

• Achieve 500 BV from new Direct Referral(s)/quarter

• Achieve 1,000 BV in Group Repeat Business

Volume/quarter

Up to INR 1,875,000/ week

(INR 625,000 / TC / week)

*Based on 3 Tracking Centres

**IR Tracking Centres must be Qualified and accounts Activated to advance to any rank beyond Bronze Star.

***One-time requirement, already earned in the Silver Star rank.

****One-time requirement, already earned in the Gold Star rank.

Page 34: QNET Compensation Plan Presentation_India

34

Maximum Earnings (Platinum Star)

Rank Qualifications Weekly Maximum Cash*

Platinum

Star**

• Retail sales/personal purchase of 60 BV/quarter from

the Repeat eStore

• Achieve 600 Repeat Sales Points (RSP)/quarter

• Achieve 1,000 BV from new Direct Referrals/quarter

• Achieve 15,000 BV in Group Repeat Business

Volume/quarter

• 30 Indirect Referrals with new Rank Advancement from

Silver Star Rank upwards/quarter

• Achieve 86,400 BV in the Lower Volume Leg per week

for 8 weeks from 30 Sep 2012 to 29 Mar 2013 (Promo)

Regular: 120,000 BV per week for 8 weeks

• Maintain Platinum Star requirements for 2 consecutive

quarters.

Up to INR 2,433,750 /

week (INR 811,250 / TC /

week)

*Based on 3 Tracking Centres.

**IR Tracking Centres must be Qualified and accounts Activated to advance to any rank beyond Bronze Star.

Page 35: QNET Compensation Plan Presentation_India

35

Maximum Earnings (Diamond Star)

Rank Qualifications Weekly Maximum Cash*

Diamond

Star**

• Retail sales/personal purchase of 60 BV/quarter from

the Repeat eStore.

• Achieve 1200 Repeat Sales Points (RSP)/quarter

• Achieve 1,500 BV from New Direct Referral(s)/quarter

• Achieve 50,000 BV in Group Repeat Business

Volume/quarter

• 90 Indirect Referrals with new Rank Advancement from

Silver Star Rank upwards/quarter

• Achieve 180,000 BV in the Lower Volume Leg per week

for 8 weeks

• Achieve Diamond Star requirements for 4 consecutive

Quarters

Up to INR 3,015,000 /

week (INR 1,005,000 / TC

/ week)

*Based on 3 Tracking Centres.

**IR Tracking Centres must be Qualified and accounts Activated to advance to any rank beyond Bronze Star.

Page 36: QNET Compensation Plan Presentation_India

36

Maximising Your Step Commissions

As a leader in direct selling, QNET

pays up to INR 15,000 per step at

the Diamond Star Rank!

Page 37: QNET Compensation Plan Presentation_India

37

Q7 Year-Round Rewards

• Special Cash Incentives

• Discounts on Best-Sellers

• Fun and Exciting Promotions

• eVouchers for Product Redemption

There’s always something fresh, new,

and fun with Year-Round Rewards!

Page 38: QNET Compensation Plan Presentation_India

38

Q8 Travel Incentives

QNET celebrates milestones and leadership with travel awards.

Annual Reward Trips

Platinum Star Fly-In As a new QNET Platinum Star IR, you qualify for the VIP Tour at

corporate headquarters, including free airfare and hotel

accommodations for top-level leadership training.

Diamond Star Award Travel Qualifying QNET Diamond Star IRs will enjoy an all-expense-paid

trip for two to an exciting destination announced annually.

Leadership Celebration Diamond Star IRs and Platinum Star IRs enjoy an exclusive

leadership celebration in elite settings that inspire and connect

the leadership team.

* Terms and Conditions Apply

Page 39: QNET Compensation Plan Presentation_India

39

Terminology & Rules – Getting Started

Active IR Any IR who generates a minimum of 60 BV per quarter by

making retail sales/personal purchases from the Repeat

eStore.

Activated IR To Activate means a Qualified IR directly referred at least

one (1) Qualified Direct Referral per side of any of his/her

Tracking Centres.

Register To register as an IR into the QNET business.

Independent

Representative (IR)

A person who has registered to build a business organisation

by selling products and referring others.

Qualified IR An IR who has at least one (1) Tracking Centre with the

minimum 500 BV.

Page 40: QNET Compensation Plan Presentation_India

40

Terminology & Rules – Volume and Points

Referrer An IR who refers Retail Customers or prospective

IRs to QNET.

Business Volume (BV) The point value of a product used to qualify TCs and

calculate Step Commissions.

eVoucher Points (EP) Points earned at every Step 6 of any given

Commission Cycle, redeemable against products.

Group Repeat Business Volume (GRBV) BV earned from repeat sales within your network.

Repeat Sales Points (RSP)

Repeat Sales

Points earned from repeat sales/personal purchases

which are convertible into Cash or BV.

Means the recurrence sales or purchases of

products from the company.

Compression When an IR does not meet the quarterly requirement

of 60 BV, Active IRs below that IR will move up to

temporarily fill his/her position for commission

calculation purposes.

Page 41: QNET Compensation Plan Presentation_India

41

Earnings & Income Disclaimer

We make every effort to ensure that we accurately represent our products and services and the potential for income. Earning and/or income statements made by our Company and/or Independent Representatives are estimates of what you can possibly earn. There is no guarantee that you will make these levels of income and you accept the risk that the earnings and income statements differ from individual to individual. The examples are not to be interpreted as any guarantee, promise, representation and/or assurance. We do not purport our business and/or us as being a 'get rich scheme'.

As with any business, your results may vary, and will be based on your individual capacity, business experience, expertise, and level of desire. There are no guarantees, promises, representations and/or assurances concerning the level of success you may experience. Your level of success in attaining the results claimed depends on the time you devote to the business, the ideas and techniques mentioned, your finances, knowledge and various skills, since such skills and factors differ according to individuals.

Testimonials and examples used are exceptional results, which do not, or may not, apply to the average person, and are not intended to guarantee, promise, represent and/or assure that anyone will achieve the same or similar results. We reiterate that each individual’s success depends on his or her background, dedication, desire and motivation. There is no assurance that examples of past earnings can be duplicated in the future. We cannot guarantee your future results and/or success. There are some unknown risks in business that we cannot foresee, which can reduce results. We are not responsible for your actions. Any claims made of actual earnings or examples of actual results can be verified upon request.

The use of our information, products and/or services should be based on your own due diligence, which you undertake and confirm that you have carried out to your entire satisfaction. You agree that our Company is not liable for any success or failure of your business, acts and/or conduct that is directly or indirectly related to the business and/or the purchase and use of our information, products and/or services.