compensation plan

Report 2 Downloads 14 Views
COMPENSATION PLAN

Welcome to iGrow Network! Affiliates and Associates have access to an unparalleled opportunity. The iGrow Network Compensation Plan is both simple and powerful in it’s earnings potential, and we are delighted to welcome every one of you to the iGrow Network team! iGrow Network Affiliates and Associates represent the iGrow Network brand and our line of products. In order for an Affiliate or Associate to achieve long-term success in iGrow Network, they must be willing to promote the iGrow Network opportunity in a legal and ethical manner. The first step to correctly and successfully promoting iGrow Network is to understand this Compensation Plan.

Become an iGrow Network Affiliate for FREE! - Earn a 25% Startup Bonus for the sale of each iGrow Network Product Line (iNPL) - Earn a 10% Commission on all direct “it” eCommerce sales

Become an iGrow Network Associate By purchasing the $50 monthly iGrow Network Product Line, currently iGrow University, Associates are paid for each sale of an iNPL made by themselves or others through the following income streams: -

Startup Bonus Startup Bonus Pools Infinity Startup Bonus 3 x 9 Expandable Matrix Infinity Leader Bonus Monthly Bonus Pool “it” eCommerce sales

Startup Bonus

Startup Bonus

A Startup Bonus is earned upon the initial sale of the iGrow Network Product Line. This Bonus may be earned an unlimited number of times, once for each new sale made. Affiliates and Associates earn a 25% Startup Bonus on all personal sales. Associates that have made one iNPL sale may earn a 3% Startup Bonus for all sales made on Generation 2 (Gen2). Associates that have made two or more iNPL sales may earn a 3% Startup Bonus for all sales made on Generation 3 (Gen3).

Commissions payments are made every Friday for the previous week. QUALIFICATIONS

PERSONAL SALES (1st Gen)

AFFILIATE

25%

ASSOCIATES W/ 1 PERSONAL

25%

3%

ASSOCIATES W/ 2 PERSONALS

25%

3%

2nd Gen

3rd Gen

3%

Startup Bonus payments are made every Friday for the previous week. Weeks are counted from Friday at Midnight PST to the following Friday at Midnight PST. Example: In week one Thomas Makes an iNPL sale to Daphne, Charlotte and Frederick. Charlotte and Frederick each make two iNPL sales, and Daphne makes one sale. Thomas would earn 3 @ 25% ($12.50 each) = $37.50 (Daphne, Charlotte and Frederick). Thomas would earn 5 @ 3% ($ 1.50 each) = $ 7.50 (five Gen2 Associates). Total Earned by Thomas $45.00 - paid out the following Friday.

THOMAS

GEN1

3 x 25% =$12.50 per

GEN2

WEEK 1

5 x 3% =$1.50 per

DAPHNE

CHARLOTTE

FREDERICK

Sub-Total = $37.50 Sub-Total = $7.50

PAID OUT THE FOLLOWING FRIDAY

Total = $45.00

In week two Thomas makes an iNPL sale to Joe and Nancy. Joe enrolls two others, Nancy makes one sale and Charlotte makes three additional iNPL sales. Thomas would earn 2 @ 25% ($12.50 each) = $25.00 (Joe and Nancy). Thomas would earn 6 @ 3% ($ 1.50 each) = $ 9.00 (six Gen2 Associates). Total Earned by Thomas $34.00 - paid out the following Friday.

THOMAS

GEN2 GEN1

WEEK 2

2 x 25% =$12.50 per

NANCY

CHARLOTTE

JOE

Sub-Total = $9.00

6 x 3% =$1.50 per = NEW SALE

Sub-Total = $25.00

= RECURRING SALE

PAID OUT THE FOLLOWING FRIDAY

Total = $34.00

THOMAS

GEN3 GEN2 GEN1

WEEK 3

3 x 25% =$12.50 per

NANCY

CHARLOTTE

JOE

Sub-Total = $25.00

6 x 3% =$1.50 per

Sub-Total = $9.00

11 x 3% =$1.50 per

Sub-Total = $16.50

= NEW SALE

= RECURRING SALE

PAID OUT THE FOLLOWING FRIDAY

Total = $34.00

Startup Bonus Pools Available to Unranked Associates* and Managers* only. 10% of all initial iGrow Network Product Line sales from each calendar month will be divided into two pools of 5%. These are called Pool 1 and Pool 2. Startup Bonus Pool commissions are awarded by shares, and shares are earned in the following manner: 1 Share in Pool 1 3 Personal Sales of iNPL during the calendar month 1 Share in Pool 2 5 Personal Sales of iNPL during the calendar month

Startup Bonus Pools

Commissions payments are made monthly on the 15th of each month.

Associates and Managers Only Pool Amount POOL 1 3 PERSONALS

5%

POOL 2 5 PERSONALS

5%

An unlimited number of shares can be earned for additional incremental sales of 3 and 5. The Startup Bonus Pool volume is then split amongst all those having shares on a per share basis. Commission payments are made monthly on the 15th of each month for the previous calendar month. When the 15th falls on a weekend, payments will be made on the next business day.

GEN1

*See Rank Qualifications section below

1

2

3

4

THOMAS

Pool 1 Shares = 1 Pool 2 Shares = 1

5

Total Shares = 2 1 SHARE IN POOL 1

1 SHARE IN POOL 2

GEN1

THOMAS

1

2

3

4

5

6

7

8

9

10

Pool 1 Shares = 2 Pool 2 Shares = 2 Total Shares = 4

1 SHARE IN POOL 1

1 SHARE IN POOL 2

1 SHARE IN POOL 1

1 SHARE IN POOL 2

Infinity Startup Bonus The ability to earn an Infinity Startup Bonus begins when an Associate reaches the rank of Director. With each new iNPL sale, bonuses are paid upline from the point of sale through the enrollment tree to the first qualified rank and continue upline until all bonuses are paid.

Infinity Startup Bonus

Commissions payments are made every Friday for the previous week. Director

Sr. Director

Executive

Sr. Executive

BONUS 1

2%

2%

2%

2%

BONUS 2

1%

1%

1%

1%

BONUS 3 1% 1% 1% Starting with Bonus 1 and searching upline from point of sale, the first upline Director will be located and paid. The remainder of Bonus 1 commissions will be paid in the same manner to the first qualifying Sr.Director, Executive and Sr.Executive in the upline. Bonuses 2 and 3 will pay in the same fashion, but will start back at the point of sale each time, continuing upline paying any qualified ranks that were bypassed when paying the previous bonuses (please see diagrams).

While each bonus is only paid once, it is possible for a single Associate to get paid multiple bonuses if they are qualified. Example - If searching upline from point of sale a Sr. Director is found prior to a Director, the Sr. Director earns both the Director and Sr. Director Bonus 1. Likewise, if searching upline from point of sale a Sr. Executive is the first ranked Associate, they would receive all 8% (four payments) of Bonus 1. The same process holds true for Bonus 2 and 3. Infinity Startup Bonus payments are made every Friday for the previous week. Weeks are counted from Friday at Midnight PST to the following Friday at Midnight PST.

Infinity Startup Bonus (The placement of these Ranked Associates, and their payments, are for example purposes only.)

BONUS 1 PAYOUT STRUCTURE

BONUS 2 PAYOUT STRUCTURE BONUS 2 1%

ASSOCIATE

SR. EXECUTIVE

5

10

BONUS 1 2%

SR. EXECUTIVE ASSOCIATE

5

10

4TH PAYMENT

SR. DIRECTOR

4

BONUS 1 2%

EXECUTIVE

2ND PAYMENT

ASSOCIATE

3

EXECUTIVE

8

4

BONUS 1 2%

EXECUTIVE

9

2ND PAYMENT

BONUS 1 2%

ASSOCIATE

EXECUTIVE

3

DIRECTOR

2

1

ASSOCIATE

BONUS 1 2%

SR. DIRECTOR

7

6

8

DIRECTOR

2

BONUS 2 1%

ASSOCIATE

7

SR. DIRECTOR

6

1ST PAYMENT

DIRECTOR

1

BONUS 1 2% 1ST PAYMENT

BONUS 1 TOTAL = 8%

Bonus Pool 1- Pays four single payments of 2% each

BONUS 1 2% 3RD PAYMENT

1ST PAYMENT

New Associate = $50.00

BONUS 2 1% 3RD PAYMENT

3RD PAYMENT

DIRECTOR

BONUS 1 2% 4TH PAYMENT

SR. DIRECTOR

9

4TH PAYMENT

New Associate = $50.00

BONUS 2 1% 2ND PAYMENT

BONUS 1 TOTAL = 4%

Bonus Pool 1- Pays four single payments of 2% each Bonus Pool 2- Pays four single payments of 1% each

Infinity Startup Bonus (The placement of these Ranked Associates, and their payments, are for example purposes only.)

BONUS 3 PAYOUT STRUCTURE BONUS 2 1% SR. EXECUTIVE ASSOCIATE

5

10

4TH PAYMENT

BONUS 1 2% 4TH PAYMENT

BONUS 3 1% SR. DIRECTOR

4

2ND PAYMENT

BONUS 1 2%

EXECUTIVE

9

2ND PAYMENT

3RD PAYMENT

BONUS 3 1% EXECUTIVE

ASSOCIATE

BONUS 2 1%

3

8

3RD PAYMENT

BONUS 1 2% 3RD PAYMENT

DIRECTOR

2

BONUS 2 1%

ASSOCIATE

7

SR. DIRECTOR

6

1ST PAYMENT

BONUS 3 1% DIRECTOR

1

1ST PAYMENT

BONUS 1 2%

BONUS 2 1% 2ND PAYMENT

1ST PAYMENT

New Associate = $50.00

BONUS 1 TOTAL = 3%

Bonus Pool 1- Pays four single payments of 2% each Bonus Pool 2- Pays four single payments of 1% each Bonus Pool 3- Pays three single payments of 1% each

Monthly Bonus Pools Available to Unranked Associates* and Managers* only. 6% of all recurring iGrow Network Product Line sales from each calendar month will be divided into two pools of 3% each. These are called Pool 1 and Pool 2. Monthly Bonus Pool commissions are awarded by shares, and shares are earned in the following manner: 1 share in Pool 1 Maintain 3 personal recurring iNPL’s 1 share in Pool 2 Maintain 5 personal recurring iNPL’s

Monthly Bonus Pools Commissions payments are made monthly on the 15th of each month.

Associates and Managers Only Pool Amount POOL 1 3 PERSONALS

3%

POOL 2 5 PERSONALS

3%

An unlimited number of shares can be earned for additional incremental recurring personal sales of 3 and 5. The Monthly Bonus Pool volume is then split amongst all those having shares on a per share basis. Commission payments are made monthly on the 15th of each month for the previous calendar month. When the 15th falls on a weekend, payments will be made on the next business day.

GEN1

THOMAS

1

2

3

4

Pool 1 Shares = 1 Pool 2 Shares = 1

5

Total Shares = 2 1 SHARE IN POOL 1

1 SHARE IN POOL 2

GEN1

THOMAS

1

2

3

4

5

6

7

8

9

10

Pool 1 Shares = 2 Pool 2 Shares = 2 Total Shares = 4

1 SHARE IN POOL 1

1 SHARE IN POOL 2

1 SHARE IN POOL 1

1 SHARE IN POOL 2

3x9 Expandable Matrix To activate Matrix earnings, Associates will need to make and maintain one personal iGrow Network Product Line sale, and then begin to earn commissions on levels 1, 2 and 3. By maintaining three personal recurring iNPL sales monthly, an Associate opens up Matrix commissions on levels 4, 5, & 6, and with a total of five recurring sales, will earn on all 9 levels. With Dynamic Compression there is absolutely NO LIMIT to how many Associates there could be on any given level.

3x9 Expandable Matrix 3x9 Expandable Matrix Commissions payments are made on the 15th of each month for the previous calendar month. Level 1

Level 2

Level 3

Level 4

Level 5

Level 6

1 PERSONAL

4%

4%

4%

3 PERSONALS

4%

4%

4%

4%

4%

4%

5 PERSONALS

4%

4%

4%

4%

4%

4%

Level 7

Level 8

Level 9

4%

4%

4%

Any Associate who has NOT made a payment in 30 days or more beyond their last renewal date, will be Dynamically Compressed from the Matrix. The account is not removed from iGrow Network, just removed from the Matrix and the Associate will permanently lose their existing Matrix Downline and Matrix income potential on that downline. Should a downgraded Associate reactivate, all earnings potential from their personally enrolled Associates will be reactivated with the exception of Matrix Earnings, as they will re-enter the Matrix in the next open spot in their enroller’s Matrix. Dynamic Compression is done monthly on the 1st Friday of each month. 3x9 Expandable Matrix Commissions are paid out on the 15th of each month for the prior calendar month. When the 15th falls on a weekend, payments will be made on the next business day. Those Associates enrolled between Monday and Thursday will be added to the Matrix on Thursday at 11:59pm PST. Those Associates enrolled between Friday and Sunday will be added to the Matrix on Sunday at 11:59pm PST. This allows the sponsor, which may still be an Affiliate themselves, an opportunity to upgrade to Associate status and retain the new Associate within their Matrix.

INTRODUCING THE 3 X 9 EXPANDABLE MATRIX EXPAND your Matrix beyond anything you ever thought possible! The sky is no longer the limit!!

3 x 9 Matrix Refresh through Dynamic Compression HOW IT WORKS YOU NOW HAVE 5 IN 1ST LEVEL

Associate in spot 1 has not renewed DROPS FROM MATRIX

All of their 1st Level Associates move up to your 1st level

YOU NOW HAVE 15 IN 2ND LEVEL

All of their 2nd Level Associates move up to your 2nd level

YOU NOW HAVE 45 IN 3RD LEVEL

All of their 3rd Level Associates move up to your 3rd level

MAX VOLUME BEFORE COMPRESSION

MAX VOLUME AFTER COMPRESSION

Can you say

OMG!!!

1ST LEVEL = 3

1ST LEVEL = ????

2ND LEVEL = 9

2ND LEVEL = ????

3RD LEVEL = 27

3RD LEVEL = ???? NO LIMIT PER LEVEL!!

• • • •

Anyone who has NOT made a payment in 30 days or more beyond their last renewal date, will be Dynamically Compressed from the Matrix this does not mean the account is removed from iGrow Network, just removed from the Matrix and they will permanently lose their Matrix Downline. When Associates reactivate they will still have their Personals, Check Match, and eCommerce Commissions. Associates re-enter at the bottom of the Matrix when they reactivate.

Infinity Leader Bonus The ability to earn an Infinity Leader Bonus begins when an Associate reaches the rank of Director. With each recurring iNPL sale, bonuses are paid upline from the point of sale through the enrollment tree to the first qualified rank and continue upline until all bonuses are paid.

Infinity Leader Bonus Commissions payments are on the 15th of each month. Director

Sr. Director

Executive

Sr. Executive

BONUS 1

2%

2%

2%

2%

BONUS 2

1%

1%

1%

1%

BONUS 3

1%

1%

1%

Starting with Bonus 1 and searching upline from point of sale, the first upline Director will be located and paid. The remainder of Bonus 1 commissions will be paid in the same manner to the first qualifying Sr. Director, Executive and Sr. Executive in the upline. Bonuses 2 and 3 will pay in the same fashion, but will start back at the point of sale each time, continuing upline paying any qualified ranks that were bypassed when paying the previous bonuses. While each bonus is only paid once, it is possible for a single Associate to get paid multiple bonuses if they are qualified. Example - If searching upline from point of sale a Sr. Director is found prior to a Director, the Sr. Director earns both the Director and Sr. Director Bonus 1. Likewise, if searching upline from point of sale a Sr. Executive is the first ranked Associate, they would receive all 8% (four payments) of Bonus 1. The same process holds true for Bonus 2 and 3. Infinity Leader Bonus payments are made on the 15th of each month. When the 15th falls on a weekend, payments will be made on the next business day.

Infinity Leader Bonus (The placement of these Ranked Associates, and their payments, are for example purposes only.)

BONUS 1 PAYOUT STRUCTURE

BONUS 2 PAYOUT STRUCTURE BONUS 2 1%

ASSOCIATE

SR. EXECUTIVE

5

10

BONUS 1 2%

SR. EXECUTIVE ASSOCIATE

5

10

4TH PAYMENT

SR. DIRECTOR

4

BONUS 1 2%

EXECUTIVE

2ND PAYMENT

ASSOCIATE

3

EXECUTIVE

8

4

BONUS 1 2%

EXECUTIVE

9

2ND PAYMENT

BONUS 1 2%

ASSOCIATE

EXECUTIVE

3

DIRECTOR

2

1

ASSOCIATE

BONUS 1 2%

SR. DIRECTOR

7

6

8

DIRECTOR

2

BONUS 2 1%

ASSOCIATE

7

SR. DIRECTOR

6

1ST PAYMENT

DIRECTOR

1

BONUS 1 2% 1ST PAYMENT

BONUS 1 TOTAL = 8%

Bonus Pool 1- Pays four single payments of 2% each

BONUS 1 2% 3RD PAYMENT

1ST PAYMENT

New Associate = $50.00

BONUS 2 1% 3RD PAYMENT

3RD PAYMENT

DIRECTOR

BONUS 1 2% 4TH PAYMENT

SR. DIRECTOR

9

4TH PAYMENT

New Associate = $50.00

BONUS 2 1% 2ND PAYMENT

BONUS 1 TOTAL = 4%

Bonus Pool 1- Pays four single payments of 2% each Bonus Pool 2- Pays four single payments of 1% each

Infinity Leader Bonus (The placement of these Ranked Associates, and their payments, are for example purposes only.)

BONUS 3 PAYOUT STRUCTURE BONUS 2 1% SR. EXECUTIVE ASSOCIATE

5

10

4TH PAYMENT

BONUS 1 2% 4TH PAYMENT

BONUS 3 1% SR. DIRECTOR

4

2ND PAYMENT

BONUS 1 2%

EXECUTIVE

9

2ND PAYMENT

3RD PAYMENT

BONUS 3 1% EXECUTIVE

ASSOCIATE

BONUS 2 1%

3

8

3RD PAYMENT

BONUS 1 2% 3RD PAYMENT

DIRECTOR

2

BONUS 2 1%

ASSOCIATE

7

SR. DIRECTOR

6

1ST PAYMENT

BONUS 3 1% DIRECTOR

1

1ST PAYMENT

BONUS 1 2%

BONUS 2 1% 2ND PAYMENT

1ST PAYMENT

New Associate = $50.00

BONUS 1 TOTAL = 3%

Bonus Pool 1- Pays four single payments of 2% each Bonus Pool 2- Pays four single payments of 1% each Bonus Pool 3- Pays three single payments of 1% each

Rank Advance Requirements Team Volume - $50/month = 50 points ($1 = 1.0 pt) Team Volume (TV) is based on your personal genealogy downline, not your Matrix downline. Your total Team Volume is determined by the amount of new iNPL sales made as well as recurring iNPL sales in your personal genealogy downline based on a rolling 30 day cycle. Your personal monthly purchase is included in this volume. Team Volume is updated nightly. Personals In order to advance to the next rank, you must have a certain number of personally sponsored Associates, the number of which increases as your rank increases. Manager - 3 Personally Enrolled Associates and 600 in Team Volume Director - 5 Personally Enrolled Associates, 1,500 in Team Volume and 2 Managers developed in 2 separate Genealogy Legs, anywhere in depth. Sr. Director - 10 Personally Enrolled Associates, 5,000 in Team Volume and 3 Directors developed in 3 separate Genealogy Legs, anywhere in depth. Executive - 15 Personally Enrolled Associates, 25,000 in Team Volume and 4 Sr. Directors developed in 4 separate Genealogy Legs, anywhere in depth. Sr. Executive - 20 Personally Enrolled Associates, 200,000 in Team Volume and 5 Executives developed in 5 separate Genealogy Legs, anywhere in depth.

“it” eCommerce Sales (Beginning with public launch) Commissions are paid on all direct “it” eCommerce sales and, for Associates only, by those eCommerce sales in your GENEALOGY, based on the criteria below. Please note: you receive the percentages listed based on the amount iGrow Network receives from each retailer, not from the retail price of the products.

it eCommerce Sales Commissions Payments are made on the 15th of each month for the previous calendar month. PERSONAL SALES (1st Gen)

AFFILIATE

10%

ASSOCIATE

10%

2nd Gen

3rd Gen

4th Gen

5th Gen

6th Gen

7th Gen

8th Gen

9th Gen

5%

5%

5%

5%

5%

5%

5%

5%

“it” eCommerce Commissions are paid monthly on any sales that iGrow Network has been compensated for from the “it” for that time period.

Disclaimer iGrow Network reserves the right to update, change, or amend this document as needed, to stay in compliance with US and international laws and regulations (we be law abiding around here). It is the responsibility of all Users to fully read the iGrow Network Terms and Conditions, and the Policy & Procedures, and to remain in compliance with them at all times. Failure to do so may result in the suspension of the Associate/Affiliate account, until any violations are corrected (we call this the iGrow Correctional Facility, and unfortunately we can’t pay anyone who is terminated so don’t let that happen to you). Last Updated 4-23-2015