Displaying items by tag: articles
Understanding your comp plan
Understanding the comp plan is fundamental to succeeding in your new business, if you do not get your team structure correct from the start it can costs you thousands of dollars a month in the future. Make some time to speak with your sponsor about this as soon as possible.
What is PV?
he products you are selling have a Point Value or PV, so that regardless of the country of sale, everyone receives the same credit for promotion within the comp plan.
What is Team Group Volume
Team Group Volume or TGV is used to determine a Representative’s rank in the Compensation Plan. Also widely referred to as GV.
Rank Requirements
Rank is the level you have achieved in the Compensation Plan. The ranks, from lowest to highest, in the Miessence comp plan are:
Bonus Protection
Bonus Protection or BP is designed to ensure Representatives are eligible to receive their bonuses in case they forget to place an order during the month.
Bonus Value
onus Value or BV is the number assigned to a product that bonus percentages are paid on. The BV for a product varies by region and reflects the price of the product and the cost of doing business in that region. 100% of the BV is paid out through the Compensation Plan.
Joining & Renewal Fees
The Fees cover the cost of providing an online office with all the tools necessary for building a successful home-based business. The join fee can vary from $40 to free depending on how you join. To get a $0 join fee you need to join with a Super Fast Start order (600PV or higher).
Ongoing Orders
After your joining order the critical difference becomes whether you “are” or “are not” on BP! It goes without saying it is always best to be on BP.