IGNITE_ Behind the Compensation Plan and Fast Start Bonus_Lynn Biesinger.pdf
Join us at this workshop to learn about why Gary and Mary Young developed the compensation plan the way it is now. Learn how to build a solid foundation to maintain a sustainable business organization and how you and your team can make good use of the newly enhanced Fast Start Bonus.
Join us at this workshop to learn about why Gary and Mary Young developed the compensation plan the way it is now. Learn how to build a solid foundation to maintain a sustainable business organization and how you and your team can make good use of the newly enhanced Fast Start Bonus.
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Opinions expressed in this presentation are solely <strong>the</strong> opinion of <strong>the</strong> presenter <strong>and</strong> do not express views or opinions<br />
of Young Living. Young Living does not endorse, is not responsible for, <strong>and</strong> makes no representations or warranties<br />
regarding such content or its accuracy. We encourage you to verify <strong>the</strong> explanations <strong>and</strong> opinions presented. Young<br />
Living shall not be liable for any harm resulting from or in connection with reliance on any such content. The claims<br />
made in this presentation may not comply with advertising laws of countries outside of Singapore. Please check<br />
with your local market’s list of approved claims before repeating claims made in this presentation.
<strong>Behind</strong> <strong>the</strong><br />
<strong>Compensation</strong> <strong>Plan</strong> & <strong>Fast</strong> <strong>Start</strong> <strong>Bonus</strong><br />
Why it matters
Young Living’s<br />
Global Presence
“I don't make a product for a profit.<br />
I make it for a purpose.”<br />
- Gary Young
Mary Young – age 9<br />
Entrepreneurs from<br />
<strong>the</strong> very beginning!
Young Living’s Story<br />
WELLNESS PURPOSE ABUNDANCE<br />
Vision<br />
“We need to bring Young Living essential oils<br />
to every home in <strong>the</strong> world.”<br />
Gary Young
How do we bring this<br />
knowledge to <strong>the</strong> world ?<br />
• Health & Prosperity<br />
• Live your Dreams<br />
• Own your Life
Common <strong>Compensation</strong> <strong>Plan</strong>s<br />
Binary<br />
Unilevel<br />
Breakaway /<br />
Generation
Binary<br />
• Only 2 people on <strong>the</strong> frontline<br />
• <strong>Compensation</strong> based on group volume of each leg<br />
• Commissions usually paid on weaker leg<br />
10,000 20,000
Common <strong>Compensation</strong> <strong>Plan</strong>s<br />
Binary<br />
Unilevel<br />
Breakaway /<br />
Generation
Unilevel<br />
• No limit to number on frontline<br />
• Paid on each individual level<br />
• Structure is important<br />
- placement is key<br />
- paid on limited number of levels
Common <strong>Compensation</strong> <strong>Plan</strong>s<br />
Binary<br />
Unilevel<br />
Breakaway /<br />
Generation
Breakaway /<br />
Generation<br />
• Leaders in your downline break away<br />
from your team volume<br />
• For income, you look at leaders in your downline<br />
• Each leader creates a new generation<br />
that income can be earned from<br />
Silver+<br />
Silver+
Young Living <strong>Compensation</strong> <strong>Plan</strong> Components<br />
✓ <strong>Fast</strong> <strong>Start</strong><br />
✓ Unilevel<br />
✓ Generations<br />
✓ <strong>Bonus</strong> Pools
<strong>Fast</strong> <strong>Start</strong> <strong>Bonus</strong> Enhancement<br />
Level 1<br />
50%<br />
Level 1<br />
25%<br />
Level 1<br />
25%<br />
Month 1 Month 2<br />
Month 3<br />
• No Cap<br />
• DOUBLE UP (from 25% to 50%)<br />
on 1 st month bonus pay<br />
* Not applicable to Malaysia <strong>and</strong> Japan market at <strong>the</strong> moment<br />
* Refer to local markets’ terms <strong>and</strong> condition for details
<strong>Fast</strong> <strong>Start</strong> <strong>Bonus</strong> Enhancement<br />
For example:<br />
New Enrollee orders 1000 PV<br />
Month 1<br />
50% Payout is US$500 ( no cap)<br />
General FAQ, may vary by market<br />
*Please refer to local markets’ terms<br />
<strong>and</strong> condition for details<br />
Month 2<br />
New Enrollee orders 1000 PV<br />
25% Payout is US$250 ( no cap)<br />
* Not applicable to Malaysia <strong>and</strong> Japan Market at <strong>the</strong> moment
Earn US$25 <strong>Start</strong>er Kit <strong>Bonus</strong>
Share with two people<br />
100 PV<br />
You earn:<br />
<strong>Start</strong>er Kit <strong>Bonus</strong> $25<br />
<strong>Fast</strong> <strong>Start</strong> <strong>Bonus</strong> $50<br />
Total $75 X 2= $150 (USD)<br />
100PV<br />
100PV<br />
APAC Premium Experience Kit = 100 PV
100 PV<br />
Duplication<br />
– Share 2 help 2<br />
100PV<br />
100PV<br />
100PV 100PV 100PV 100PV<br />
700 OGV<br />
You are now at Star rank
100 PV<br />
Creating Stars<br />
With 4 Stars<br />
you are now at<br />
Senior Star rank<br />
Star<br />
Star<br />
Star<br />
Star<br />
2000 OGV
100 PV<br />
Creating Senior Stars<br />
Senior<br />
Star<br />
4000 OGV<br />
Senior<br />
Star<br />
With 2 Senior stars<br />
you are now at<br />
Executive rank
How to Structure Your Young Living Business<br />
You
100 PV<br />
Duplicate again<br />
With 2 Executives <strong>and</strong><br />
1 Senior Star you are now<br />
Executive<br />
Executive<br />
Senior Star<br />
at Silver rank<br />
10,000+ OGV
Share 2 Help 2<br />
Trusting relationship<br />
• Genuine concern <strong>and</strong> care<br />
• Product knowledge<br />
Show customers how to order products<br />
Add Value & Convenience<br />
“Your need will be met once you can find a way of<br />
projecting energy <strong>and</strong> fulfilling someone else’s need.”<br />
- Stuart Wilde
Enrolling is just <strong>the</strong> beginning<br />
1. Set an enrollment goal for yourself<br />
> break it into weekly , monthly , quarterly<br />
2. Tie in with your rank advancement goal<br />
> how quickly you want to build<br />
3. Follow “Share 2 Help 2”<br />
> get to <strong>the</strong> Rank of Star<br />
4. Formulate a duplication model<br />
> works for you <strong>and</strong> your team<br />
5. Enrolment activities:<br />
> Host workshops<br />
> provide product education (especially on consumable products)
Retention is key to success<br />
Reasons to enroll new members on Essential Rewards upon enrollment:<br />
✓ Easy Monthly Shipments<br />
✓ Exclusive Rewards Points<br />
✓ Loyalty Gifts<br />
✓ Helps build a sustainable foundation<br />
Why we offer ER Points?<br />
– Redeem products you have not tried before
How to evaluate a direct selling company?<br />
Product<br />
People<br />
<strong>Plan</strong>
“What I like most about this business is<br />
watching people be successful <strong>and</strong> achieve<br />
something <strong>the</strong>y didn’t really think <strong>the</strong>y could”<br />
- Mary Young
The Br<strong>and</strong> Partner sales earnings disclosed are potential gross earnings <strong>and</strong> not net of o<strong>the</strong>r business expenses <strong>and</strong> not necessarily representative of <strong>the</strong> actual income, if any, that a Br<strong>and</strong> Partner can or will earn through <strong>the</strong> Young Living Sales <strong>Compensation</strong> <strong>Plan</strong>. A Br<strong>and</strong> Partner’s earnings<br />
will depend on individual diligence, work effort, sales skill <strong>and</strong> market conditions. Young Living does not guarantee any income or rank success. See <strong>the</strong> Income Disclosure Statement for detailed earnings information per rank.
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