Understanding the Compensation Plan and How to Advance Ranks With Rod Alan Richardson Rod Alan Richardson Entrepreneur Consultant to hundreds of emerging businesses Creator of the Entrepreneurial Success System Instructor at CEO Space Free Enterprise Forum Adjunct Faculty Member of WWCC Business Development Department Co-Founder of Ri Training Author of The Art of Lifting Others DoTERRA Gold IPC The Power of a Residual Income! Who would like to have $40,000 in savings earning 7% interest? A $50 Residual Income is equal to $8,000 in a Bank Account Earning at 7% Interest A $250 Residual Income is equal to $40,000 in a Bank Account Earning at 7% Interest A $1,500 Residual Income is equal to $240,000 in a Bank Account Earning at 7% Interest The Single Most Important Factor in Creating a Residual Income RETENTION RATE! doTERRA has a 64% Retention Rate Six Ways to Earn from doTERRA! Purchase Reward Credits Retail Sales Fast Start Bonus Power of 3 Bonus Unilevel Primary Commission Leadership Bonus Pool dōTERRA Reward Credits Key Points of Reward Credits Must be enrolled as Preferred Customer or IPC Must maintain a minimum of 50 Points in purchases to Redeem Complete Control Over What Products You Order and the Date it Ships Can Cancel at Anytime by Calling Member Services (Reward Credits will be Lost) Understanding the Difference Between Enroller and Sponsor Enroller = is the owner and has control of the IPC and is paid the Fast Start Bonuses Sponsor = the placement of the IPC; Unilevel is paid up through the sponsors What is PV and OV? PV = Personal Volume, or the value of your personal purchases. It is a point system that helps the company manage foreign exchange rates and profit margins OV = Overall Volume and represents the cumulative personal purchases of your entire team. Retail Profit • Earn 25% on Retail Purchases • Paid Monthly • Commission Paid on Purchases from Your Website • Autoship is not required Example Retail Profit If Sally purchased a Family Physician Kit from your website for $166.67, you would earn $33.33 Fast Start Bonus • Now Money Now! • Paid Weekly • Paid to Enrollers not Sponsors • Qualifying Autoship of 100pv minimum required to receive bonus Example of Fast Start Bonus If Sally decided to become an IPC and she purchased a Diamond Enrollment kit for $2,125, her purchase is worth 2,000 pv. • You would earn $400. • The person who enrolled you would earn $200 • And their enroller would earn $100 Power of 3 Bonus You find 3 other that want purchase products wholesale through doTERRA’s Autoship Rewards Program. You earn $50 as long as this structure is in place and you and your team have 600 pv Help your three find their three and you earn $250 as long as this structure is in place When you’ve completed three levels of three You earn $1,500 per month © 2008 dōTERRA Holdings, LLC, Unauthorized duplication prohibited Unilevel Primary Commission © 2008 dōTERRA Holdings, LLC, Unauthorized duplication prohibited The First Important Ranks Elite = 3,000 OV Premier = 5,000 OV The First Recognized Leadership Rank Momentum Rank Significant Jump and Positioned for Diamond First Diamond Rank Leadership Performance Pool 1% of Entire Company Volume For Example: If the Company Makes $1 Million Dollars, the Leadership Performance Pool would be $10,000 All Silvers Split 1 Share $1,000 All Golds Split 3 Shares $3,000 All Platinums Split 6 Shares $6,000 One Additional Share is Earned for Every Personally Enrolled Elite on Your Team © 2008 dōTERRA Holdings, LLC, Unauthorized duplication prohibited Diamond Performance Pool 1% of Entire Company Volume For Example: If the Company Makes $1 Million Dollars, the Diamond Performance Pool would be $10,000 All Diamonds Split 1 Share $1,667 All Blue Diamonds Split 2 Shares $3,333 All Presidential Diamonds Split 3 Shares $5,000 One Additional Share is Earned for Every Personally Enrolled Premier on Your Team © 2008 dōTERRA Holdings, LLC, Unauthorized duplication prohibited