Syntek global compensation_plan ( Chandrakant- 09178241912)
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Syntek global compensation_plan ( Chandrakant- 09178241912) Document Transcript

  • 1. Syntek Global Compensation PlanSyntek Global rewards our valued distributors with the best Plan. To begin building your team, simply sponsor twocompensation plan in network marketing by creating a dual distributors to reach the Pro rank level and then help otherscommission system to maximize earning potential. There are on your team do the same.eight ways to earn income through Syntek’s CompensationBeginning Steps1. Secure a distributor position in the Binary Tree by enroll- 2. Sign up for a monthly AutoShip (Recommended but not ing as a new distributor and purchasing a Fast Start Kit required). An AutoShip is a convenient way to receive (recommended but not required). Fast Start Kits provide product on a monthly basis and meet the minimum PV the necessary tools to become a successful distributor. requirement. 3. Personally sponsor one new distributor on both your left and right legs to become ‘Qualified’ for commissions.Important Terms• PV: The distributor’s personal volume which is generated • Qualified Distributor: One who is ‘Active’ (generates a by your personal purchases, your retail customer’s minimum of 50 PV) and has personally sponsored one purchases, or a combination of both. distributor on both your left and right legs who remain• GV: The distributor’s group volume which is generated by ‘Active’. To receive Team Commissions a distributor must all purchases in your organization (team). be both ‘Active’ and ‘Qualified’.• Active Distributor: One who generates a minimum of 50 PV • Customer: One who purchases directly from a distributor each month. This can be achieved by personal purchases, or a distributor’s website. your customers purchases, or a combination of both.Eight ways to earn income1. Preferred Customer Commissions 6. MVP Rank Bonuses2. Team Commissions 7. Leadership Bonus Pools Customer Sponsorship Pool3. MVP Check Match Commissions Distributor Sponsorship Pool Blue Diamond Leadership Pool4. Fast Start Bonus 8. Multiple Business Centers5. Infinity BonusEffec tive Feb. 2012 1
  • 2. Fast Start KitThe Syntek Compensation Plan encourages all new distributors at a reduced price so that they can experience the productto purchase a Fast Start Kit. These kits provide the necessary themselves and begin promoting their business to others. Totools to become a successful distributor. The Fast Start Kits meet your needs, there are three Fast Start Kits to choose from:are discounted to the new distributor and include product, The MVP Business Builder Kit and the Infinity Starter Kit (Referinformation, sales and motivational tools, brochures, enrollment to the Distributor Price Sheet for a list of products containedfee, and personal website activation. Purchasing a Fast Start in each kit.) The distributor who purchases the MVP BusinessKit qualifies the new distributor for all commissions available Builder Kit and signs up for the MVP AutoShip qualifies for 100%to them in the first month including: preferred customer of the commissions available.commissions, team commissions, MVP Check Match, andbonuses. The Fast Start Kit program is the perfect way toget initial product sampling into a new distributor’s handsFast Start Kits: PV Fast Start Bonus Infinity BonusMVP Business Builder Kit: ...........................................................................................500 PV............................................................$50....................................................$50Infinity Starter Kit: ............................................................................................................250 PV............................................................$25....................................................$25See Distributor Price Sheet for prices in your country.Distributor AutoshipThe AutoShip Program (recommended but not required) 50 PV and personally sponsor an active distributor on bothis the easiest way to qualify each month for commissions your left and right legs. The Pro AutoShip is remarkably lowand take full advantage of the compensation plan. The priced at $60, and generates 50 PV to meet this requirement.convenience of the Syntek ‘AutoShip’ program benefits both As your business matures, the compensation plan continuesretail customers and distributors by allowing them to place to help generate income by adding the MVP Check Matcha recurring monthly order. It’s simple and convenient. Your portion of the compensation plan. To qualify for the MVPproduct will be delivered to you on a regular basis at the Check Match a distributor must have a minimum of 100 PV.wholesale price. To qualify for the team commission portion The MVP AutoShip for $120 meets this 100 PV requirement.of the compensation plan you must generate a minimum ofAutoShips PVMVP AutoShip:.....................................................................................................................................................................................................................100(Qualifies for total compensation plan including MVP Check Match and all bonus programsPro AutoShip:........................................................................................................................................................................................................................50(Qualifies for team commissions, preferred customer commissions and infinity bonus program)Retail Bonus AutoShip:...........................................................................................................................................................................................................25(Qualifies for preferred customer commissions only)See Distributor Price Sheet for prices in your country.1. Preferred Customer CommissionsA distributor who is enrolled in the minimum Retail Bonus 25PV to earn 25% commissions on all orders placed by theirAutoship earns 25% commission each month on personally personally sponsored customers. All customer volume issponsored customer purchases. A distributor who wants to credited towards the sponsoring distributors total PV. All Retailearn retail bonus commissions only, must have a minimum of Sales generate half PV because of the 25% cash bonus.Effec tive Feb. 2012 2
  • 3. Binary Tree Personally Sponsored Distributors Team Distributors PV: 100 Empty YOU PV: 50 PV: 250 PV: 500 PV: 100 PV: 100 PV: 50 PV: 500 PV: 250 PV: 200 Total GV: 1,100 Total GV: 1,000 (Greater Leg) (Lesser Leg)2. Team CommissionsTeam Commissions from sales are the fundamental building on your lesser volume leg and begin when 300 accumulatedblock of the Syntek Compensation Plan. The team commissions GV (group volume) is reached in a monthly cycle. Any unpaidportion of the plan is binary. The term binary means that you group volume less than 300 for the month carries over to thewill be placed in one of two legs (left or right) in your sponsor’s following monthly cycle to be paid when 300 accumulated GVorganization. You will then be compensated based on the is met. Team commissions are limited to a cap of $40,000 persuccess of building two distributor legs of your own. Your monthly cycle, per business center. (See Section 8. Multiplesponsor (or anyone else in your upline) may also place people Business Centers)in your organization. Recruiting retail customer sales is animportant component to building distributor success. In the diagram example you are active with 100 PV. You are also qualified because you have a personally sponsored distributorIf you and at least one personally sponsored distributor on your on your left leg who is active with 50 PV and a personallyleft and right legs are active with a minimum of 50 PV, you qualify sponsored distributor on your right leg who is active with 100for 10% commissions on the total GV of your lesser volume leg. PV. Therefore you qualify for 10% in team commissions* from(Your own PV counts towards the total GV in your lesser volume your lesser volume leg which in this example equates to $100leg.) Team commissions are calculated monthly. (10% of 1,000 GV). Your own PV is always allocated to the lesser volume leg. * Equates to earning 5% of the balanced volumeCalculating Team Commissions: Team commissions are paid from both your left and right legs.3. MVP Check Match CommissionsEach personally sponsored distributor in the Binary Tree is they sponsor, and so on up to seven generations deep of MVPthen reflected as a new leg in your Enrollment Tree on which ranked distributors in your Enrollment Tree legs (a generationcommissions can be earned again. To qualify to the Enrollment ends and another begins when a qualified MVP is found in aTree phase of the compensation plan, called the MVP Check leg, regardless of depth). The number of Enrollment Tree legsMatch, you must purchase or upgrade to the 500 PV Kit and can be unlimited. Therefore, to maximize your income, continuegenerate a minimum of 100 PV each month. This program advancing to higher MVP ranks by personally sponsoring moreallows you to earn a percentage of the team commissions paid distributors which create more Enrollment Tree Legs on whichto all the distributors you personally sponsor, the distributors you can earn an MVP Check Match.Effec tive Feb. 2012 3
  • 4. Enrollment Tree YOU Ruby MVP You P1 P2 P3 P4 P5 P6 Pro Pearl S. Pro G. Pro A B C D E F G H I G. Pro S. Pro Pearl Pro Jade Pearl Pearl S. Pro J K L M N O S. Pro Pearl Pro P Q R Pearl Sapphire S T U Pro Pro Pearl Executive Ranks Generations Paid V W G. Pro Pearl 1 X Jade 2 Jade Sapphire 3 Y Pearl Ruby 4 Green = 1st Generation Distributors Z Emerald 5 Black = 2st Generation Distributors Pro OranGe = 3rd Generation Distributors Diamond 6 Blue= 4th Generation Distributors Blue Diamond 7 red = 5th Generation DistributorsEach personally sponsored distributor in the Binary Tree is then reflected as a new leg in your Enrollment Tree on whichcommissions can be earned again.The above diagram was created to help you understand the ExAMPLES:MVP Check Match program. In this example, you are a qualified • On the personal enrollment tree leg that begins with P6,Ruby MVP (four personally sponsored enrollment tree legs that you would earn an MVP Check Match through Y becauseinclude a qualified Silver Pro or above), which enables you to that is the end of the 4th generation MVP on that particularearn an MVP Check Match through four generations of MVP’s leg. To be paid deeper on this leg, allowing you to be paid through Z, you would need to advance to the rank ofon each of your six personal enrollment tree legs. Emerald MVP, which would allow you to be paid throughThe first generation MVP ends in a particular leg once a five generations of MVP’s.qualified MVP in found. The second generation MVP ends • On the personal enrollment tree leg that begins with P5,when the next MVP is found on that particular leg and you would earn an MVP Check Match through E and F, andso on - up to 7 generations of MVP’s. that would end your first generation. On enrollment tree leg P3, P would end your first generation of MVP’s.To maximize your earnings with the Syntek MVP Check Matchprogram, you should strive to reach our highest MVP ranks by • On the personal Enrollment Tree leg beginning with P1 andsponsoring and supporting as many personal enrollment tree P2, no MVP exists, therefore, everyone in these two legs arelegs as possible. considered 1st generation.Effec tive Feb. 2012 4
  • 5. 4. Fast Start BonusAll Fast Start Bonuses are calculated from the Enrollment Tree.When a new distributor purchases a Fast Start Kit the sponsoring distributor receives a Fast Start Bonus. The corresponding PVof the Fast Start Kit is also allocated to GV.$50 bonus for the purchase of an MVP Business Builder Kit (500 PV)$25 bonus for the purchase of an Infinity Starter Kit (250 PV)5. Infinity BonusWhen a new distributor purchases a Fast Start Kit the sponsoring distributor receives a Fast Start Bonus. and the qualifying uplinereceives an Infinity Bonus.Pro TeamYour ‘Pro Team’ is created by the first two team members Once your Pro Team members start building their own Poweryou personally sponsor in your Enrollment Tree. The ‘Pro Teams by personally sponsoring their third, fourth, fifth, etc.Team’ Infinity Bonus is paid to your infinity qualified upline distributor, they will then qualify for the Infinity Bonus aswhen these first two team members order a Fast Start Kit. they help their Power Team distributors build their own Pro Teams.$50 bonus for the purchase of an MVP Business Builder Kit Qualifications for the Infinity Bonus - A distributor must$25 bonus for the purchase of an Infinity Starter Kit be active currently or active during the previous month by generating a minimum of 50 PV. In addition a distributor mustPower Team have purchased the Infinity Starter Kit or MVP Business BuilderYour ‘Power Team’ is created by your third, fourth, fifth, etc. Kit to receive the Infinity Bonus.personally sponsored team members in your Enrollment Tree. The Infinity Bonus is always paid. If the sponsoring distributorYou earn both the Fast Start Bonus and the ‘Power Team’ Infinity is not infinity qualified the bonus will roll-up to the next infinityBonus when these members order a Fast Start Kit. qualified upline in that specific Enrollment Tree Leg. See Page 6 for graph and details.$100 bonus for the purchase of an MVP Business Builder Kit Fast Start Bonuses and Infinity Bonuses are paid weekly. Any$50 bonus for the purchase of an Infinity Starter Kit bonus earned during a given week will be paid the following Friday.Infinity BonusEach of your ‘Power Team’ (third, fourth, fifth, etc. personallysponsored) members will now start building their personal ‘ProTeams’ by sponsoring their first two team members. You earn anInfinity Bonus on all these Pro Team members that purchase aMVP Business Builder Kit or Infinity Starter Kit down your PowerTeam legs, infinitely deep.$50 bonus for the purchase of an MVP Business Builder Kit$25 bonus for the purchase of an Infinity Starter KitEffec tive Feb. 2012 5
  • 6. Infinity Bonus You Your Pro Team Your Power Team Bill Jane John Sue John’s Bill’s Pro Team John’s Pro Team Power Team Kate Jim Sam Joe Kim Sam’s Pro Team Sam’s Power Team Jill Dave TedYour Pro Team is created by the first two distributors you make up his Pro Team. Sam and Joe each purchase an MVPpersonally sponsor. Once the Pro Team is built, you’re ready Business Builder Kit. You earn an Infinity Bonus of $50 fromto build your Power Team. Your Power Team consists of your Sam’s Fast Start Kit purchase and another $50 from Joe’s Fastthird, fourth, fifth, etc. personally sponsored distributors. Start Kit purchase. Sam then sponsors Jill and Dave whichJust as your first two personally sponsored distributors make up his Pro Team. Again you earn an infinity Bonusbecome your Pro Team, everyone in your Power Team’s first of $50 each from Jill and Dave’s Fast Start Kit purchase.two sponsored distributors become part of your Power Team.This creates the powerful nature of the Infinity Bonus. • John and Sam both sponsor their third distributors, Kim and Ted which begin their respective Power Teams.The Pro Team Bonuses and Power Team Bonuses generate When Kim sponsors her first and second distributor,immediate income, while the Infinity Bonus offers continual John earns a $50 Infinity bonus for each distributor.earning potential. When Ted sponsors his first and second distributors, Sam earns a $50 Infinity Bonus for each distributor.ExAmPlES:(Based on each distributor purchasing an MVP Business Builder Kit.) • The Infinity Bonuses from Bill’s and Jane’s Pro Teams are paid to your qualified upline distributor.• You begin your Power Team by sponsoring your third distributor John. John then sponsors Sam and Joe whichEffec tive Feb. 2012 6
  • 7. 6. MVP Rank BonusesDistributors that reach and maintain the following MVP level ranks for TWO consecutive months qualify for these bonuses:• Sapphire - Custom Syntek Global Watch • Diamond - Custom Syntek Global Diamond Watch• Ruby - A 47” Flat Screen TV • Blue Diamond - $500 allowance for Car Program• Emerald - Emerald Retreat7. Leadership Bonus PoolsCustomer Sponsorship PoolSyntek reserves 1% of the company’s total commissionable ExAMPLE:volume, in a one month cycle, for our distributors who have (This is an example only, not a reflection of actual income)personally sponsored numerous customers on autoship over • $10,000,000 total company GV at 1% = $100,000the lifetime of their distributorship. You must be a qualified Pro • 40 distributors with a total of 200 shares in poolwith 100 PV to qualify for this bonus pool. Each month, 1% of the • Each share is worth $500 ($100,000 divided by 200) • The distributor who sponsored four new distributorscompany’s total customer volume is divided amongst qualifying (4 shares) would earn a $2,000 bonus; the distributordistributors according to their shares earned in this pool. who sponsored 6 new distributors (6 shares) would earn a $3,000 bonus.• 5 Customers = 1 Share• 10 Customers = 2 Shares• 15 Customers = 3 Shares Blue Diamond Leadership Pool• 25 Customers = 5 Shares Syntek reserves 1% of the company’s total commissionable volume during each monthly cycle for our Blue Diamond MVPDistributor Sponsorship Pool distributors with at least 100 PV. As a qualified Blue Diamond,Syntek reserves 1% of the company’s total commissionable you can earn a share in this pool for each of your personalvolume, in a one month cycle, for our distributors who have Enrollment Tree Legs that contain a distributor with the ‘paidpersonally sponsored four new distributors or more who have as’ rank of Ruby MVP or above. The more personal Enrollmentpurchased a 250 PV or 500 PV Kit during that month. You must be Tree legs you create that contain a distributor with a ‘paida qualified Pro with 100 PV to qualify for this bonus pool. 1 share as’ rank of Ruby MVP or higher the more shares you earn inis earned in the pool for each new distributor sponsored. Each our Blue Diamond Leadership Pool. Each month, 1% of themonth, 1% of the company’s total GV is divided amongst qualifying company’s total GV is divided amongst qualifying Blue Diamonddistributors according to their shares earned in this pool. MVPs according to their shares earned in this pool.8. Multiple Business CentersA Business Center is your personal Binary Tree. As your volume leg of their initial business center reaches $400,000.Binary Tree grows, you can earn a maximum of four business A third and fourth business center is awarded when the GV ofcenters - your initial center plus three additional centers. the previous business center’s lesser volume leg also reaches(PV is only required on one business center.) Each business $400,000. Only one greater leg of a minimum 400,000 volumecenter potentially earns $40,000 per monthly cycle in team is required allowing you to build 4 lesser legs of 400,000 orcommissions from the lesser volume leg. Distributors are more. You must maintain a Blue Diamond MVP rank to earnawarded a second business center when the GV in the lesser commissions on multiple business centers.Effec tive Feb. 2012 7
  • 8. Ranks Qualifications Earning Potential Pro Ranks Pro Personally active and qualified (personally sponsor two distributors who remain active) Earn up to Silver Pro 500 GV in your lesser volume for the month $500 Monthly Earn up to Gold Pro 1,000 GV in your lesser volume for the month $750 Monthly MVP Ranks Eligible Generation Check Match Eligible Generation Check Match 2,000 GV in your lesser volume leg for the month and a minimum of one Earn up to Pearl personal Sponsorship Tree leg that includes a qualified Silver Pro or above 1 $1,000 Monthly 5,000 GV in your lesser volume leg for the month and a minimum of two Earn up to Jade personal Sponsorship Tree legs that include a qualified Silver Pro or above in 2 $2,500 Monthly each leg 10,000 GV in your lesser volume leg for the month and a minimum of three per- Earn up to Sapphire sonal Sponsorship Tree legs that include a qualified Silver Pro or above in each leg. 3 $5,000 Monthly After TWO consecutive months you will also receive a Custom Syntek Global Watch. 20,000 GV in your lesser volume leg for the month and a minimum of four per- Earn up to Ruby sonal Sponsorship Tree legs that include a qualified Silver Pro or above in each 4 $10,000 Monthly leg. After TWO consecutive months you will also receive a A 47” Flat Screen TV. 30,000 GV in your lesser volume leg for the month and a minimum of five personal Earn up to Emerald Sponsorship Tree legs that include a qualified Silver Pro or above in each leg. After 5 $15,000 Monthly TWO consecutive months you will also qualify to participate in the Emerald Retreat. 40,000 GV in your lesser volume leg for the month and a minimum of six personal Earn up to Diamond Sponsorship Tree legs that include a qualified Silver Pro or above in each leg. After TWO 6 $20,000 Monthly consecutive months you will also receive a Custom Syntek Global Diamond Watch. 50,000 GV in your lesser volume leg for the month and a minimum of seven personal Unlimited Blue Diamond Sponsorship Tree legs that include a qualified Silver Pro or above in each leg. After TWO 7 Monthly Earning Potential consecutive months you will also receive a $500 allowance for Car Program. Team Elite Ranks 100,000 GV in Enrollment Tree volume with no more than 25,000 GV coming from Unlimited Royal Team Elite any single Enrollment Tree leg. Monthly Earning Potential 250,000 GV in Enrollment Tree volume with no more than 50,000 GV coming from Unlimited Presidential any single Enrollment Tree leg. Monthly Earning Potential 500,000 GV in Enrollment Tree volume with no more than 75,000 GV coming from Unlimited Imperial any single Enrollment Tree leg. Monthly Earning Potential 1,000,000 GV in Enrollment Tree volume with no more than 150,000 GV coming Unlimited Crown from any single Enrollment Tree leg. Monthly Earning Potential*Distributors must be personally active and qualified to advance any rank. The ranks from Silver Pro to Blue Diamond MVP are maintained by thevolume over a monthly cycle in the distributors lesser leg. All references to income, implied or stated, through the Syntek Dual Pay CompensationPlan are for illustration purposes only. Syntek does not guarantee any level of income or earnings to any distributor. Earnings from the compensationplan solely depend on each distributor’s skill, ability, and personal application.Effec tive Feb. 2012 8
  • 9. QualificationsA distributor who enrolls at the 200 PV kit and is active with Bonus, MVP Check Match, and all other bonuses.50 PV qualifies for Binary Team Commissions and the InfinityBonus A distributor who is active at the Retail Bonus AutoShip (25 PV) qualifies for preferred customers commissions only.A distributor who enrolls at the 500 PV kit and is active with100 PV qualifies for Binary Team Commissions, the InfinityDefinitionsAutoShIP: An automatic and convenient purchase program RetAIl CuStoMeR: A non-distributor who purchasesthat ships product to you every month. products for their own consumption.BInARy tRee: Each distributor has two legs into which they BuSIneSS CenteR: Where you personally place distributorsand their upline place new distributors. The binary tree is the and build your business in the binary tree.structure of all those distributors in one’s organization whichhas one or two established legs. GeneRAtIon: The line of sponsorship between distributorsPeRSonAl enRollMent tRee: The line of sponsorship who qualify for at least a Pearl MVP rank. A generation endsthat connects each distributor to the upline distributor who and another begins when a qualified MVP is found in the leg,sponsored them. regardless of depth. leSSeR leG: The left or right leg of your binary tree with theMVP CheCK MAtCh: This is the second phase of the smallest GV.compensation plan where you earn a percentage of theteam commissions paid to all the distributors in yourenrollment tree. ‘PAID AS’ RAnK: A distributor will always be recognized for their highest rank achieved. Monthly commissions will be paid according to distributors current volume or ‘paid as’ rank.Questions & AnswersQ. When does the commission cycle end? unpaid volume rolls over to the following month as long as you remain active.A. The commission cycle ends on the last day of each calendar month at midnight (MST) Q. If I become inactive by not meeting the minimum requirement of 50 PV during the month, whatQ. When are commissions paid? happens to my volume?A. All commissions are paid on the 5th day of the following A. All accumulated GV will be reset to zero. Once youmonth. reactivate by generating 50 PV during a month, you will once again accumulate GV as products areQ. Does the company payout a specific purchased in your downline organization.commission percentage? Q. Can my distributorship ever be cancelled due toA. Yes, Syntek Global pays 52% of total GV every inactivity? commission cycle. A. If the minimum 50 PV requirement has not been reachedQ. What happens to unpaid volume from my team for 6 consecutive months, your distributorship will becommissions? cancelled and you will be reclassified as a customer only.A. All volume on both your left and right legs that was used to pay out commissions is deducted and anyEffec tive Feb. 2012 9