start on the fast track - yolacaribbeanconnection.yolasite.com/resources/step2-moneyrewards.pdf ·...

1Money & Rewards

You’re on the Fast Track!If you ordered the optional

Welcome Product Kit

when you registered, you’ve

already earned 50 PV

toward your first $50 Fast

Track Program bonus check.

Start on the Fast Track

FAST TRACK PROGRAm INCENTIVESIn your first three full months as an IBO, you can qualify for $350 in Fast Track Incentive Program bonuses for retailing product and sponsoring new IBOs who do the same. This bonus is in addition to your available Retail Margin and Performance Bonus earnings.

$50 in month 1

$50 in month 2

$50 in month 3

$150 total

$150 retail bonuses

$200 Fast Track bonus

$350 total bonuses!

Here’s how it works:Each month that you generate 150 total

PV with at least 50 PV from registered customer sales, you’ll earn a $50 bonus. (PV and BV are explained on the next page.)

You may earn:

Plus, sponsor three new IBOs and help them or their downline generate 150 total PV with at least 50 PV from retail sales so

they earn the $50 bonus, and you’ll earn a $200 bonus!

mORE INFO

Learn more about Fast Track bonuses at Amway.com. Sign in as an IBO and search for: Fast Track.

For details on registering IBOs you sponsor, see page 20 under “My Business.”

2 Money & Rewards

PV ANd BVAll the products you sell are assigned a Point Value (PV) and a Business Volume (BV). Monthly Performance Bonuses are calculated using the PV and BV you accumulate through your purchases, the purchases made by your customers, and those made by IBOs you sponsor.

You accumulate PV and BV on the products you order, as well as those ordered by your downline IBOs and customers.

PV determines your bonus percentage. The more PV you earn monthly, the higher your percentage bracket. BV determines the dollar amount that your percent of bonus is based on.

Because bonuses are calculated monthly, PV/BV accumulates only in the month it is

earned. Balances are not carried forward from month to month.

BONuS PAymENTSFor any calendar month in which a Monthly Performance Bonus is earned, payment is issued on the 15th of the following month.

Bonus checks are mailed when the amount is $10 or more ($3 or more for your first bonus check only). Lesser amounts are accumulated until they reach this minimum.

For your convenience, direct deposit is available, which gives you immediate access to your bonus money.

See the Business Reference Guide included with this kit for more details on bonuses.

Understanding PV and BV

Point Value (PV) Assigned to every AMWAY® product.

Business Volume (BV)A dollar value for every product.

PV BVPERFORmANCE BONuS SCHEdulEcalculated monthly

If your monthly your Performance PV is: Bonus is:

100–299.99 ...............3% of your BV

300–599.99 ...............6% of your BV

600–999.99 ...............9% of your BV

1,000–1,499.99 .........12% of your BV

1,500–2,499.99 .........15% of your BV

2,500–3,999.99 .........18% of your BV

4,000–5,999.99 .........21% of your BV

6,000–7,499.99 .........23% of your BV

7,500 or more ............25% of your BV

3Money & Rewards

INCENTIVE PROGRAM

INCENTIVE PROGRAM

INCENTIVE PROGRAM

INCENTIVE PROGRAM

DateRemainder of registration month + full following month

Pay to the Order of You $ 50.00

Fifty dollars and no cents Dollars

For 1st month FAST TRACK Payor AmwayNonnegotiable. Not for deposit. Not redeemable for cash.

Date2nd month



For 2nd month FAST TRACK Payor AmwayNonnegotiable. Not for deposit. Not redeemable for cash.

Date3rd month



For 3rd month FAST TRACK Payor AmwayNonnegotiable. Not for deposit. Not redeemable for cash.

Date90 days from date of IBO registration


Two hundred dollars and no cents DollarsFor Helping your 3 new IBOs earn their own

$50 FAST TRACK check Payor AmwayNonnegotiable. Not for deposit. Not redeemable for cash.

Use these mock checks to help keep your Fast Track Incentive Program goals in front of you.

FOR IBO uSE ONly.

Your Fast Track Incentive Rewards

4 Money & Rewards

your Fast Track Program Progress

IBO IBO IBO IBO IBO

Name

Registration Date

Target Dates Target Dates Target Dates Target Dates Target Dates

1st Check

2nd Check

3rd Check

Earning Your Fast Track Rewards

FAST TRACK INCENTIVE PROGRAm TIPS1. Make a list of customers and prospects who could benefit from the great

products you have to offer. (Use the form on page 14 under the Retailing tab to create your list.)

2. Talk to each person on your list and suggest a selection of great products (see examples on page 5) that fill their needs. Ask for the sale. (More instruction on making the sale is under the Retailing tab.) With qualifying orders, your customers get free shipping.

3. Follow up regularly with your customers to make sure they’re satisfied, introduce them to new products, and gain repeat sales.

4. Sponsor three new IBOs within 90 days of your registration and help each of them generate 150 PV, with at least 50 PV from retail sales so they can earn their Fast Track Program rewards too!

mORE INFO

Learn more about product bundles that make ordering convenient and help you earn PV and Fast Track Program bonuses at Amway.com. Log in as an IBO and search for: bundles.

5Money & Rewards

WAyS TO GENERATE 50 PV IN CuSTOmER SAlES FOR $5OHere are some combinations of health and beauty products you can sell to customers to get to 50 PV quickly, and earn $50 in Fast Track Program incentives each month.

Remember, Fast Track Incentive Program bonuses are only available during your first 90 days!

2 NUTRILITE® DOUBLE X® Multi – 10-day supply+ 2 NUTRILITE DOUBLE X Multi – case and 31-day supply

PV = 60.78Available Retail Margin = $74.16

3 cases of XS® Energy Drinks + 3 NUTRILITE Rhodiola 110 Blister Packs – 10 tablets + 3 boxes NUTRILITE Energy Bars


2 ARTISTRY® essentials skin care systems2 LEgACY OF CLEAN™ Intro Bundles


3 ARTISTRY Microdermabrasion Systems


The combinations shown above are just a few examples of products you can sell

to earn 50 PV to earn your Fast Track incentive. You may sell any combination of

AMWAY® products to qualify for Fast Track incentives. Available Retail Margin is

based on Suggested Retail Price.

Earn Your Fast Track Program Bonus

Note: PV and Retail Margin subject to change.

6 Money & Rewards

Product Profitability

Product Category Available Retail margin* PV/BV

1. Win 35% highest All Win products come from the NUTRILITE® and ARTISTRY® brands. Win products have the highest Available Retail Margin and PV/BV.

2. Complement 15–35% Includes some NUTRILITE and ARTISTRY products.

3. Support 5–20% Support products offer a way to build your monthly PV/BV lowestwith products you and your customers use every day.

*When you sell products at Suggested Retail Prices.

As we introduce AMWAY product lines in the Products section, you’ll see which ones have the greatest profit potential. Using this information, you can decide which products you’ll focus on in building your retail business.

A list of categories for all AMWAY products is online at Amway.com. Sign in as an IBO and search for: product pricing.

PROFITABIlITy By PROduCT CATEGORy AmWAy® products are divided into three categories:

Most IBOs build their retail business by focusing on these top two categories.

In the Products section, look for this notebook to see how profitable each product line can be for you.

7Money & Rewards

Performance and

Leadership Bonuses

are paid in addition

to the Retail Margin

you can earn.

Income and Bonuses

ImmEdIATE INCOmE THROuGH AVAIlABlE RETAIl mARGINThe fastest way you can earn income is by selling products to customers at retail price.

Amway will send you a check for Retail Margin earned over $50 on an individual customer order. Retail Margin of $50 or less will be included with your Monthly Performance Bonus.

mONTHly ANd ANNuAl BONuSES ANd AWARdSSince 1959, Amway has paid more than $30 billion in bonuses and incentives to distributors – more than any other business in the direct selling industry.* (And that doesn’t include the money earned by IBOs when selling the products at retail!)

As you build your business through selling products and sponsoring other IBOs to do the same, you may earn:

• Monthly Performance Bonuses based on your sales volume.

• Monthly and annual Leadership Bonuses based on the sales of your downline.

As your sales volume increases – and the sales volume of your downline – the cash awards and business incentives increase. During your first full three months as an IBO you can also earn Fast Track Program bonuses. See page 1 of this section for Fast Track Program details.

Amway also offers sales incentive programs. For complete details, log on to Amway.com and search for: Growth Incentives.

*2006 Euromonitor Consulting study.

Retail Price IBO Cost Retail Margin

8 Money & Rewards

each downline IBO has 5 customers*

Ongoing Bonus Calculations

WITH 3 dOWNlINE IBOSAssume that in one month:• You reach 150 PV and $300 in BV from product purchased for yourself

and your customers.• 3 IBOs in your downline do the same.

Personal Performance BonusYour group PV is 600 (150 personal plus 450 from your personallysponsored downline).

Your Performance Bonus is 9% (see chart on page 2).

your differential Bonus You can earn another monthly bonus, called a Differential Bonus, based on the sales of IBOs you’ve sponsored. (To qualify, you need to meet the Customer Volume Requirement.*)

In this example, based on the performance of your personally sponsored downline IBOs, you will earn:

yOuR TOTAl BONuS

$27 Personal Performance Bonus

+ $54 from downline’s performance

$81 paid to you!

$300 Personal BV

X 9% Performance Bonus


$300 in group BV

X 6%

$18 differential Bonus x 3 downlines = $54

(the difference between your 9% bonus level and your downline’s 3% bonus level)

*To meet the Customer Volume rule, you must do one of the following:

• Have at least one sale to each of 10 different retail customers, or

• Have at least 50 PV of sales to any number of retail customers.

For the complete rule, see the Business Reference Guide included with your Welcome Kit.

YOU have 5 customers*

Illustration Key

You

IBOs you sponsor/train/support

9Money & Rewards

WITH 6 dOWNlINE IBOS Assume that in one month: • You reach 150 PV and $300 in BV from product purchased

for yourself and your customers. • 6 IBOs in your downline do the same.

Personal Performance BonusYour group PV is 1,050 (150 personal plus 900 from your personallysponsored downline).

Your Performance Bonus is 12% (see chart on page 2).

your differential Bonus Your Differential Bonus is based on the sales of IBOs you’ve sponsored. (To qualify, you need to meet the Customer Volume Requirement.*) In this example you will earn:

yOuR TOTAl BONuS


+ $162 from downline’s performance

$198 paid to you!

$300 Personal BV

X 12% Performance Bonus


$300 in group BV

X 9%

$27 differential Bonus x 6 downlines = $162

(the difference between your 9% bonus level and your downline’s 3% bonus level)

each downline IBO has 5 customers*

YOU have 10 customers*

The AMWAY® opportunity is unlimited, but individual results vary.

The average monthly gross income of “active” IBOs was $115 (U.S.) and $181 (Canada).

Approximately 66% of all IBOs of record were found to be “active,” based on an independent survey conducted in 2001. An “active” IBO is one who attempted to make a retail sale, presented the IBO compensation plan, received bonus money, or attended a company or IBO meeting during the survey year. “Gross income” means the amount received from retail sales, minus the cost of goods sold, plus the amount of Performance Bonus retained. There may be significant business expenses, mostly discretionary, that may be greater in relation to income in the first years of operation.

10 Money & Rewards

Recognition Levels

RECOGNITION OF yOuR ACHIEVEmENTAs you build your business you’ll earn pins and plaques, plus receive recognition for your achievements in printed Amway publications and on

the web. How far you take your independent business is up to you.

Silver Producer – attains 7,500 PV in a month

Founders Platinum

Ruby

Founders Ruby

Sapphire

Founders Sapphire

Emerald

Diamond

Founders Diamond

Executive Diamond

Founders Executive Diamond

Double Diamond

Founders Double Diamond

Triple Diamond

Founders Triple Diamond

Crown

Founders Crown

Crown Ambassador

Founders Crown Ambassador

Gold Producer – attains 7,500 PV in a month 3 times in a year

Platinum – attains 7,500 PV in a month for 6 months in one year; becomes a leader of his/her own group

Founders

Emerald

mORE INFO

Learn more about pin levels. Log in to Amway.com and search for: pin levels.

11Money & Rewards

Rewards and Recognition

REWARdS ANd RECOGNITION FOR yOu Every year, thousands of Amway distributors from around the globe earn memorable business trips to some of the world’s most treasured travel destinations.

These invitation-only business conferences give you the opportunity to:

• Celebrate your amazing accomplishments.• Talk strategy with other IBOs.• Try products before anyone else.

INCENTIVE TRIPSNew Platinum Conference – Newly qualified Platinums, the newest leadersin the business, receive an invitation to a four-day business seminar in Grand Rapids, Michigan. The sumptuous Amway Grand Plaza Hotel is your address, and you’ll enjoy the ultimate in red-carpet treatment. It’s your opportunity to get acquainted with the people and operations that support your independent business.

Achievers Invitational – Five days of business meetings, product education, and, of course, much deserved fun!

ACHIEVERS INTERNATIONAl

2011Orlando, Florida, will be our destination for Achievers 2011. Known as America’s family vacation destination, Orlando offers theme parks, water sports, shopping, sun, and fun!

mORE INFO

Find out about additional incentive business conferences such as Diamond Club, which is held in Maui each year. Log in at Amway.com and search for: business conferences.

12 Money & Rewards

Money & Rewards Notes

GET INSPIREd!

Read about Amway’s successful IBOs – their stories, their experiences, their accomplishments. go to Amway.com and log in as an IBO; search for: Achieve.

©2010 All rights reserved. Printed in the USA. L4092ENB

start on the fast track - yolacaribbeanconnection.yolasite.com/resources/step2-moneyrewards.pdf ·...

Documents