c:\users\randall\desktop\vodaplex comp plan updated

$: C:\users\randall\desktop\vodaplex comp plan updated$
Vodaplex Compensation Plan

June 2010

…empowering you and your team.

At Vodaplex we are dedicated to helping you to create your financial security. For this reason, we have invested a significant amount of time in developing a compensation plan that will enable you to easily build a growing business that will provide you with short term income and long term financial security.

The following highlights some of the key benefits of the Vodaplex Compensation Plan.

•Great Incentives to Sell – After completing just one sale, new resellers earn a 38% commission on all of their personal sales.•Team Building – Out of the gate, the Vodaplex Compensation Plan rewards you for building a team of sales representatives. This will enable you to quickly build a sizable customer base.•Sponsor Support – When you start your business, you are not alone. Your sponsor is rewarded on how well you get out of the gate. It is his or her responsibility to ensure that you have all the information on how to start your business and to get you answers to your questions.•Leadership Bonuses – As you grow your business, with each success, you will be one step closer to advancing to the next rank. When you advance in rank, you will earn additional types of compensation.•Early Advancement – After making as few as 12 team sales, you can be promoted to Territory Manager, receive your your first raise, and be paid on every sale in your organization.•Fast Track – Looking to move up the ranks quickly? We have Fast Track Programs through which you can be promoted to Senior Territory Manager in your first 45 days and/or to National Director within your first 60 days.•Generation Overrides – When you become a National Director and develop National Directors below you, you will be eligible to earn Generational Overrides on up to 6 generations of sales. A generation is a National Director or above and all downline resellers down to but excluding the next National Director or above. •Profit Sharing Pool – When you have 3 National Directors working for you and meet the monthly ND Team Volume requirement, as a Senior National Director you will enjoy participating in the Profit Sharing Pool where you will earn bonuses on every sale made by all Vodaplex Independent Representatives.

Compensation Plan Overview

Vodaplex Compensation Plan - June 2010

Becoming a Vodaplex Independent Representative is easy as One-Two-Three. Follow these 3 simple steps to start your business.

Step 1. Complete the “Sign Up” Application and Registration Form at

https://reseller.vodaplex.com

Step 2. After you register, purchase the $19.99 monthly Account Executive Membership which will provide you with

Access to all of the online resources of the Vodaplex back office web site Quick Start Training Videos FAQ’s Other training materials to teach you how to sell the various Vodaplex offerings Products and Documents Calculation and payment of commissions on personal sales and bonuses on team sales.

Please note the following:

• The $19.99 monthly fee can be cancelled at anytime. There is NO yearly contract. Upon cancellation of your Account Executive Membership, you will lose the ability to earn commissions on personal sales and bonuses on team sales.

• With Vodaplex, you are NOT required to purchase a starter kit. • Also, you are NOT required to purchase any equipment.

Step 3. Start building your sales team.

After purchasing your Account Executive Membership, you will receive your Vodaplex ID (a 5 digit #) and have full access to the Vodaplex back office web site. Invite your colleagues, friends, and acquaintances to join your team by providing them your Vodaplex ID and have them repeat Steps 1 – 3.

It is also a good time to take advantage of the online resources in the back office application. Review the FAQ, Quick Start Training Videos, Products and Documents section to learn how to sell the various Vodaplex offerings.

Getting Started is as easy as 123


2 - TM

3 - STM

1 - AE

4 - ND

5 - SND

National Director

Requirements:

•Earn 100 additional Vodaplex Credits after promoting to STM•No more than 50 Vodaplex Credits from 1 leg •Maintain 4 active personal customer sales

As a National Director, you will receive bonuses of up to 25% on the sales volume of everyone on your ND team. (10% for ND + 10% for STM + 5% for ND) (See Bonus Chart for details). On your personal sales, you will earn 63% of the sales volume.

When you have $5,000 in monthly ND Team Volume, you will earn 3% Generational Overrides on the sales volume of up to 6 generations of downline ND’s or above.

National Director

Requirements:

•Earn 100 additional Vodaplex Credits after promoting to STM•No more than 50 Vodaplex Credits from 1 leg •Maintain 4 active personal customer sales

As a National Director, you will receive bonuses of up to 25% on the sales volume of everyone on your ND team. (10% for ND + 10% for STM + 5% for ND) (See Bonus Chart for details). On your personal sales, you will earn 63% of the sales volume.

When you have $5,000 in monthly ND Team Volume, you will earn 3% Generational Overrides on the sales volume of up to 6 generations of downline ND’s or above.

Senior National Director

Requirements:

•Meet ND Requirements•Have $10,000 ND Team Volume for the month. •Have 3 ND Legs.

Senior National Directors earn all of the same commissions and bonuses earned by National Directors, plus…

As a Senior National Director, you can participate in the Profit Sharing Pool into which 4% of sales volume from sales made by all AE, TM, STM, ND, and SND. To participate, have $10,000 or more in ND Team Volume each month.

This pool is shared among qualified Senior National Directors proportionally based on one’s Monthly ND Team Volume. The larger your Monthly ND Team Volume, the greater your share of this pool!

Senior National Director

Requirements:

•Meet ND Requirements•Have $10,000 ND Team Volume for the month. •Have 3 ND Legs.

Senior National Directors earn all of the same commissions and bonuses earned by National Directors, plus…

As a Senior National Director, you can participate in the Profit Sharing Pool into which 4% of sales volume from sales made by all AE, TM, STM, ND, and SND. To participate, have $10,000 or more in ND Team Volume each month.

This pool is shared among qualified Senior National Directors proportionally based on one’s Monthly ND Team Volume. The larger your Monthly ND Team Volume, the greater your share of this pool!

Account Executive

Requirements: Make 1 Personal Sale and you will have earned the rank of Account Executive. Thereafter, you will earn a 38% commission on the sales volume of each additional personal sale.

Customer Acquisition Bonus (CAB)

When you develop and maintain 1 active personal customer and recruit resellers into your business, you will receive an 5% Customer Acquisition Bonus on each sale made by your personally enrolled resellers.

Account Executive

Requirements: Make 1 Personal Sale and you will have earned the rank of Account Executive. Thereafter, you will earn a 38% commission on the sales volume of each additional personal sale.

Customer Acquisition Bonus (CAB)

When you develop and maintain 1 active personal customer and recruit resellers into your business, you will receive an 5% Customer Acquisition Bonus on each sale made by your personally enrolled resellers.

Territory Manager

Requirements:

Earn 12 Vodaplex Credits

• No more than 6 Vodaplex credits from 1 leg • Maintain 2 active personal customer sales.

As a Territory Manager you will earn a 5%TM Bonus on the sales volume of everyone on your TM team. On personal sales, you will earn a 43% commission.

Territory Manager

Requirements:

Earn 12 Vodaplex Credits

• No more than 6 Vodaplex credits from 1 leg • Maintain 2 active personal customer sales.

As a Territory Manager you will earn a 5%TM Bonus on the sales volume of everyone on your TM team. On personal sales, you will earn a 43% commission.

Senior Territory Manager

Requirements:

• Earn 50 Vodaplex Credits• No more than 25 Vodaplex credits from 1 leg • Maintain 3 active personal customer sales

As a Senior Territory Manager, you will receive bonuses of up to 15% on the sales volume of everyone on your STM team (10% for STM + 5% for TM). (See Bonus Chart for details). On your personal sales, you will earn a 53% commission.

Senior Territory Manager

Requirements:

• Earn 50 Vodaplex Credits• No more than 25 Vodaplex credits from 1 leg • Maintain 3 active personal customer sales

As a Senior Territory Manager, you will receive bonuses of up to 15% on the sales volume of everyone on your STM team (10% for STM + 5% for TM). (See Bonus Chart for details). On your personal sales, you will earn a 53% commission.

STM Fast Track

Within your first 45 days *:

•Earn 30 Vodaplex Credits•Build 2 TM Legs.•Maintain 3 active personal customer sales

38%, 5%, 5%, 10%, 10%, 3% X 6 GP, PSP 4%

Compensation Plan Overview

ND Fast Track

Within your first 60 days *:

•Earn 90 Vodaplex Credits•Build 2 STM Legs.•Maintain 4 active personal customer sales

38%, 5%

38%, 5%, 5%

38%, 5%, 5%, 10%

38%, 5%, 5%, 10%, 10%, 3% X 6 GP


* Representatives enrolled before June 1, 2010 may meet the Fast Track requirements

with new legs and a start date of June 1, 2010.

Compensation Plan – Bonus Chart


YourRank

Personal Sales

CAB AE TM STM G1 G2 G3 G4 G5 G6 PPB(4%)

AE 38% 5% - - - - - - - - - -

TM 43% 5% 5% - - - - - - - - -

STM 53% 5% 10% 5% - - - - - - - -

ND 63% 5% 20% 10% 5% 3% 3% 3% 3% 3% 3% -

SND 63% 5% 20% 10% 5% 3% 3% 3% 3% 3% 3% Yes

Commissions and Bonuses


YourRank

Personal Sales

CAB AE TM STM G1 G2 G3 G4 G5 G6 PPB(4%)

AE $102.60 $13.50 - - - - - - - - - -

TM $116.10 $13.50 $13.50 - - - - - - - - -

STM $143.10 $13.50 $27.00 $13.50 - - - - - - - -

ND $170.10 $13.50 $54.00 $27.00 $13.50 3% 3% 3% 3% 3% 3% -

SND $170.10 $13.50 $54.00 $27.00 $13.50 3% 3% 3% 3% 3% 3% Yes

Commissions and Bonuses

Values are for a Get 2 – Home + Mobile 3G/4G card.

Compensation Plan – Definitions

Definitions

• Sale – Represents the sale of one or more Vodaplex products for which Vodaplex receives $225 or more from our vendor while our vendor will receive recurring revenue on a 2 year term.

• Vodaplex Credit – one sale equals one Vodaplex Credit. (See Vodaplex Product Compensation Sheet for a listing of products with the corresponding Vodaplex Credit value).

• Customer Sale – A sale to an individual or company who is not an Independent Vodaplex Representative (also known as a reseller).

• Personal Sale – A sale that you personally make to a customer or reseller. A personal sale is not made by one of your downline representatives.

• Sales Volume – The compensation received by Vodaplex from a vendor which is the basis for payment of commissions and bonuses to Independent Vodaplex Representatives.

• Personal Sales Volume – The sales volume generated from the personal sales of an Independent Vodaplex Representative.

• Monthly ND Team Volume – The sum of your personal sales volume and the personal sales volume of all of your downline representatives down to but excluding National Directors or above and their downline representatives.

• Sponsor – The Vodaplex Representative that introduced you to Vodaplex. When you registered and completed your application, you identified your sponsor by providing his or her Vodaplex ID to complete the form.

• Leg – A leg consists of a personally enrolled Independent Vodaplex Representative and all Independent Vodaplex Representatives enrolled by him or her, and their personally enrolled representatives, etc.

• ND Leg – An ND leg is a leg that contains at least one National Director or above.

• Vodaplex ID – After you purchased your Account Executive Membership you received a 5 Digit ID. Give this number to prospective recruits so that they identify you as the Sponsor on their application form When you call into support, the Vodaplex Representative may ask you for your Vodaplex ID so that they can identify you in the system.


As we go through the Details of the Compensation, you may find it useful to follow along using the “Compensation Plan Overview” page.

Getting Started

After purchasing your $19.99 monthly Account Executive membership, you will have access to the back office, the support staff, and training classes and materials.

What is a Sale?

A sale is a transaction that generates a payment of $225 from a vendor to Vodaplex where the sale includes a 2-year commitment to our vendor’s service. Each sale generates 1 Vodaplex Credit. The following are examples of qualifying sales categorized by vendor.

CLEAR : Pick 2, Pick3, Get 2, Get 3, 3G/4G Card

DirecTV : Choice Ultimate Package and install

Sprint : 3G/4G Card, EVO 4G Phone (requires 4G data plan)

Compensation Plan – The Sale


Step 1 - Account Executive (AE) – Get Paid 2 Ways

Personal Sales Commissions – 38%

Beginning with your second sale, as an Account Executive you will earn a 38% Account Executive commission on all of your personal sales to customers and resellers. Upon your first sale, the commission is paid to your sponsor. When you choose to build a team, you will earn the 38% Account Executive commission on the first sale by each of your personally enrolled resellers.

Customer Acquisition Bonus – 5%

When you have one active “customer sale”, you will earn an 5% Customer Acquisition Bonus on each sale made by your personally enrolled Independent Vodaplex Representatives. A customer sale is a sale to an individual or company that is not in the Vodaplex business. Note the 5% bonus does not expire and will apply for as long as the recruit continues to make sales!

Compensation Plan – Account Executive

TIP #1: As an Account Executive you should set a goal to perform the following in weeks 1 and 2. •Learn the Compensation Plan in detail. The better you understand it, the better you will understand how to work it to your advantage.•Attend the weekly training classes and learn the techniques for how to sell and enter orders for the various Vodaplex Products•In the Back Office application, review the FAQ, Training, Products, and Documentation section•Get yourself familiar with the “Vodaplex Policy and Procedures” document.•Make your first sale so that you will be paid on your second and subsequent sale.•Make your first “customer sale” to qualify to earn Customer Acquisition Bonuses.

TIP #2: As an Account Executive, set a goal to become Territory Manager by week 6. You can accomplish this:

•By making 3 personal sales each week, during weeks 3,4,5 and 6 •Work smarter not harder and build out your team. Recruit 3 sales reps in week 3 and have each one of them make 1 sale a week during your weeks 4, 5, and 6. This will also have the benefit of you receiving an additional 5% CAB Bonus on every sale they make for life!


Step 2 - Territory Manager (TM) – Get Paid 3 Ways


On personal sales, Territory Managers earn 43% of the sales volume. They earn a 38% AE bonus and a 5% TM Bonus.

TM Bonuses – 5%

As a Territory Manager you will earn a 5% TM Bonus on all sales made by members of your TM Team. Your TM team consists of all downline representatives down to but excluding those with a rank of Territory Manager or above and their downlines.

. To become a Territory Manager, meet the following requirements: :• Earn 12 Vodaplex Credits• No more than 6 Vodaplex Credits from 1 leg• Maintain 2 active personal customer sales.

Customer Acquisition Bonuses – 5%

When you have one active “customer sale”, you will earn an 5% Customer Acquisition Bonus on each sale made by your personally enrolled Independent Vodaplex Representatives. A customer sale is a sale to an individual or company that is not in the Vodaplex business. Note the 5% bonus does not expire and will apply for as long as the recruit continues to make sales!

Compensation Plan – Territory Manager

TIP #3: Build wide. •Develop as many legs to your organization that you can. •Like a table, your organization will be stronger with more legs!


Step 3 – Senior Territory Manager (STM) – Get Paid 4 Ways!


On personal sales, Senior Territory Managers earn 53% of the sales volume. They earn a 38% AE commission, a 5% TM commission and a 10% STM commission.

STM Bonuses – 10%

As a Senior Territory Manager you will earn a 10% STM Bonus on all sales made by members of your STM Team. Your STM team consists of all downline representatives down to but excluding those with a rank of Senior Territory Manager or above and their downlines

TM Bonuses – 5%

Upon the sales volume of downline STM team members with a rank of AE and their downlines down to but excluding those with a rank of TM or above, you will also earn a 5% TM Bonus.


When you have one active “customer sale”, you will earn an 5% Customer Acquisition Bonus on each sale made by your personally enrolled Independent Vodaplex Representatives. A customer sale is a sale to an individual or company that is not in the Vodaplex business. Note the 5% bonus does not expire and will apply for as long as the recruit continues to make sales.

To become a Senior Territory Manager, meet the following requirements

Compensation Plan – Senior Territory Manager

• Earn 50 Vodaplex Credits• No more than 25 Vodaplex Credits from 1 leg• Maintain 3 active personal customer sales.

New Fast Track Option *• Earn 30 Vodaplex Credits• Develop 2 TM Legs• Maintain 3 active personal customer sales.

all within 45 days of your enrollment as an AE.

or

* Representatives enrolled before June 1, 2010 may use this option with new legs and a start date of 06-01-2010.


Step 4 – National Director (ND) – Get Paid 6 Ways!


On personal sales, National Directors earn 53% of the sales volume. They earn a 38% AE commission, a 5% TM commission, a 10% STM commission and a 10% ND commission.

ND Bonuses – 10%

As a National Director, you will earn a 10% ND Bonus on all sales made by members of your ND Team. Your ND team consists of all downline representatives down to but excluding those with a rank of National Director or above and their downlines.

STM Bonuses – 10%

Upon the sales volume of downline ND team members with a rank of TM and their downlines down to but excluding those with a rank of STM or above, you will also earn a 5% TM Bonus.

TM Bonuses – 5%




: :


Compensation Plan – National Director


Step 4 – National Director – Get Paid 6 Ways!

Generation Overrides

ND Team Volume is the sum of all of your personal sales volume and the personal sales volume of all downline Vodaplex Representatives down to but excluding those with a rank of National Director or above.

National Directors who meet the ND Team Volume requirement ($5,000 per month in sales volume) are eligible to earn Generation Overrides of 3% upon the sales volume of each sale generated from up to 6 generations of downlline ND’s and above.



• Earn 100 additional Vodaplex Credits after your promotion to Senior Territory Manager.

• No more than 50 Vodaplex Credits from 1 leg• Maintain 4 active personal customer sales.

New Fast Track Option *• Earn 90 Vodaplex Credits• Develop 2 STM Legs• Maintain 4 active personal customer sales.

all within 60 days of your enrollment as an AE.

To become a National Director, meet the following requirements:

or

Step 4 – National Director – Get Paid 6 Ways!

TIP #4: Help your downline resellers to become National Directors, too. •You’ll earn on the sales volume generated by their teams!

* Representatives enrolled before June 1, 2010 may use this option with new legs and a start date of 06-01-2010.


Step 5 – Senior National Director – Get Paid 7 Ways!


Like National Directors, on personal sales, Senior National Directors earn 63% of the sales volume. They earn a 38% AE commission, a 5% TM commission, a 10% STM commission and a 10% ND commission.

ND Bonuses – 10%

As a Senior National Director, you will continue to earn a 10% ND Bonus on all sales made by members of your ND Team. Your ND team consists of all downline representatives down to but excluding those with a rank of National Director or above and their downlines.

STM Bonuses – 10%

Upon the sales volume of downline ND team members with a rank of TM and their downlines down to but excluding those with a rank of STM or above, you will also earn a 5% TM Bonus.

TM Bonuses – 5%




: :

Compensation Plan – Senior National Director


Compensation Plan – Senior National Director

• Meet the requirements of an ND.• Develop and maintain 3 or more ND legs.

To become a Senior National Director, meet the following requirements:

Step 5 – Senior National Director – Get Paid 7 Ways!

Generation Pool Bonuses

ND Team Volume is the sum of all of your personal sales volume and the personal sales volume of all downline Vodaplex Representatives down to but excluding those with a rank of National Director or above.

Senior National Directors who meet the ND Team Volume requirement ($5,000 per month in sales volume) are eligible to share in the Generation Pool Bonuses. These are bonuses paid upon the sales volume of each sale generated from up to 6 generations of downlline ND’s and above. This pool is funded with 18% of these revenues.

SND Profit Sharing Pool Bonuses

4% of the sales volume of every sale by all Independent Vodaplex Representatives with a rank of AE,TM, STM, ND and SND is captured every month and placed into a special Profit Sharing Pool. This pool is only available to Senior National Directors, each of whom has a monthly ND Team Volume of $10,000 or more.

The SND Profit Sharing Pool is divided proportionally based on the ND Team Volume of each participant..


Vodaplex Compensation Plan

June 2010

Do you feel empowered?


c:\users\randall\desktop\vodaplex comp plan updated

Documents

team sales

sales team

sales volume

team of sales representatives

generations of sales

ones monthly nd team

yourpersonal sales

nd requirements