Every network marketing company claims to offer the best compensation plan ever seen. Not too many company’s can boast of offering a double binary system that includes a total of 9 different ways to get paid. This article is an in-depth look at all of the ways that My Video Talk Distributors make money. The break down of the money is really what most people want to know because the product viability is obvious.
My Video Talk has a Global Rewards Commission Plan that is a unique hybrid plan that combines the best aspects of traditional direct sales with the best of internet marketing.
The MyVideoTalk Business Builder Studio is a complete package which gives you access to ALL the tools available in the powerful MyVideoTalk Studio suite of products; including MyVideoBroadcaster – the most powerful LIVE video broadcasting product in the industry.
My Video Talk state-of-the-art products combined with the rewarding compensation plan translates into your own lucrative, fun and simple Global video communication business.
You Get All this for only $399.90 and $49/month
Fast Start Retail Bonuses
Getting started and earning immediate income is simple. A $25 Fast Start Retail Bonus is paid on the sales volume generated by the personal sales of The MyVideoTalk Studio Basic Package and a $100 Fast Start Retail Bonus for the sale of the Business Builder Package. There is no limit to the amount you can earn in Fast Start Retail Bonuses!
Team Builder Bonuses
A $25 Team Builder Bonus is paid on the sales volume generated by the sales of the MyVideoTalk Studio Packages. This bonus is paid to the first Qualified Team Builder above a personally enrolled representative in the line of sponsorship.
Expand your team by personally enrolling new representatives and teaching them to do the same. This kind of duplication can really boost your income, as this income is paid weekly and there is no limit to have many Fast Start and Team Builder Bonuses you can receive – its great incentive to create team momentum.
Executive Leadership Matrix Bonus
Special Executive Leadership bonus ~ As soon as you achieve Executive status you will be paid a $200 Executive Bonus. You receive the Executive Bonus as soon as you help 2 personally sponsored Representatives, one on your left sales team and one on your right team, achieve Team Builder status. More incentive to help others, and to teach them to do the same.
Weekly Team Commissions
*The graph below is based on MyVideoTalk Business Builder Package (180 WSV) for this illustration:
In this phase of your business you earn weekly commissions on your growing team. This is where the comp plan starts to get really exciting.
Once you achieve title of Team builder you are eligible to earn weekly team commissions. With the Global Rewards Commission Plan you only need to build 2 sales teams to benefit from the weekly bonuses. Each time your team generates sales volume of 720 WSV (weekly sales volume) on left or right sales team and 360 WSV on the other team, regardless of which team has the greater or lesser volume; you will earn a commission cycle. Each time this happens, you will receive $100 in team commissions plus up to an additional $50 global rewards check match bonus (see number 5).
Each day, our computer searches your team legs for volume that has accumulated as a result of product sales.
Representatives can earn up to $150 every time they create 720 WSV/360 WSV earning up to $5000 per day to reach a potential maximum of $35,000 per week.
Global Rewards Check Match Bonuses
Each week MyVideoTalk takes the sales volume generated during that week and puts it into a special bonus pool. Those representatives who achieve a commission cycle will benefit from this bonus pool by receiving a reward check match bonus of up to 50% in addition to the cycle payout, for a total of up to $150 per cycle ($100 per cycle bonus + $50 per cycle check match bonus).
Monthly Binary Matrix
Our new Dual Core Double Binary Compensation Plan brings a very powerful and lucrative component to the ‘earnings table’. This is absolutely revolutionary in the Network Marketing Industry! Imagine earning monthly residual income simultaneous to building your weekly bonus checks. That’s getting paid over and over again for the work you’ve already done!
Get started and earn true residual income with a 3:6 cycle ratio for your Binary Monthly Matrix , you will achieve a cycle bonus of USD $25.00 per cycle.
Representatives can earn up to $25 every time they cycle based on the monthly product sales up to a potential maximum of $150,000 per month.
At MyVideoTalk, success comes from leadership and your leadership is built on commitment, focus and the level of dedication it takes to assist others. We want to you to be richly rewarded for achieving success in your business. Take a look at these great leadership rewards that you can look forward to and help your team achieve them too. Remember TEAM stands for: Together Everyone Achieves More!
*Simply achieve Leadership Rewards rank title and recognition pin by
earning the stated number of cycles in any one given week.
**To obtain Prizes in the Leadership Rewards Plan, you will need to cycle 4 consecutive weeks and personally sponsor 1 new representative as well. All prizes will start at the Bronze Level and then go forward. You can only receive 1 prize per 4 week period and level prizes are not to be combined.
*** Monthly Binary matrix can not be used for any qualification listed in the Leadership Rewards Bonus Program.
Sales Office Program
When you build a strong team in any one region, it’s really helpful to have a team office to train, show the business to new prospects and hold team meetings and functions. We know that helps build on the momentum you’ve created, and you can take your business to yet another level.
Presidents Weekly Club
Here’s something you’ll really be excited about. We’re here to support your success and reward your efforts.
Achieve $2,000 (USD) in earnings in any one commission period and be awarded the Title of “One Star President’s Club Member” and get special corporate recognition.
Achieve $5,000 (USD) in earnings in any one commission period and be awarded the Title of “Two Star President’s Club Member” and get special corporate recognition and an overseas trip to California.
Achieve $10,000 (USD) in earnings in any one commission period and be awarded the Title of “Five Star President’s Club Member” and get special corporate recognition and an overseas trip to Australia.
Achieve $25,000 (USD) in earnings in any one commission period and be awarded Title of “Ten Star President’s Club Member” and get special corporate recognition and matching Bonus of $25,000 (USD) Award.
*Simply achieve Presidents Weekly Club by earning the stated amount in any given week.
**As soon as you join the club at stated level, earn the special prize associated.
*** Monthly Binary Matrix can not be used for any qualification listed in the President’s Weekly Club Bonus Program
Titles & Definitions:
PSV = Personal Sales Volume ~ The volume accumulated by your personal purchase of products and/or your retail customers sales.
WSV = Weekly Sales Volume ~ The volume accumulated from the sales of all specially bundled/priced product packages. (The MyVideoTalk Studio Packages)
All sales volume generated from sales of the The MyVideoTalk Studio Packages is applied to the Weekly Team Commissions Plan. All sales volume generated from monthly product subscriptions is applied to the Monthly Team Commissions Plan.
GSV = Group Sales Volume ~ Volume accumulated by your teams purchase of products and/or their retails sales.
Active status maintenance ~ To qualify for team commissions and retain group sales volume simply maintain your active monthly subscription. If you do not maintain active status, you will not be eligible to hold volume that you have stored.
Producer ~ When you enroll 1 representative who achieves the title of Active you move up to Producer status. Once you achieve this level you are qualified to hold volume in that particular sales team as long as you remain active.
Team Builder ~ Achieve Team Builder status as soon as you help 2 personally enrolled representatives, one on the left sales team and one on the right sales team, create sales orders of at least 120 PSV. You are then qualified to hold volume in the Weekly Commission Plan on either left or right team as long as you remain active. Maintain your Team Builder status as long as you and your 2 personally enrolled remain active. To maintain Team Builder status in the Monthly Team Commissions Plan, you must remain active with a monthly subscription and your 2 personally enrolled must remain active with a monthly subscription.
Monthly Binary Matrix ~ You will need to initiate a monthly subscription to be active in the Monthly Binary Matrix. Maintaining a rank of Team Builder along with your monthly subscription will allow you to continually earn in the The Monthly Binary Matrix.
My Video Talk offers a very generous compensation plan. Get the marketing skills necessary to generate targeted leads of people interested in the products and opportunity. To learn how you can generate more leads than you can handle, click here to visit »Marenda’s Network Marketing Training.