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Modicare Plan Overview by Munish Chopra
- 1. The Plan of Independence BETTER THEN THE BEST, EVEN THE LOGO……. Munish Chopra - +91-9646309001
- 13. Improved Bonus Plan • Retail Profit • Power Seller Bonus • Team Builder Bonus • Maximizer Team Bonus • Leadership Cheque Match • Overseas Leadership Seminar (OLS) • Cash Rewards
- 14. MMP - Rewards for each Step taken towards Living Your Dreams Develop Leaders Under You - LCM, Rewards Build Bigger Teams - MTB Develop Teams - Team Builder Bonus Self Use and Share - Retail Profit, PSB
- 15. 1.
- 16. Power Seller Bonus Personal BV % Incentive 10,000-24,999 5% 25,000-49,999 10% 50000 and above 15% PSB can be earned upto a max of Rs 20,000 a month SIMPLER REWARDS RETAILERS NO TRIMMING 2.
- 17. PBV accumulation program to work as follows: First Time Ever Exciting Benefits for Consistency • All consultants eligible for the same irrespective of title • Accumulate minimum 10000 PBV in 4 continuous rolling months subject to the consultant being active in all months • Get paid 3% on the accumulated volume on which PSB is not paid • If inactive in any month, any earlier accumulated PBV will be flushed Reward Consistency and Retention through Retailing
- 18. Reward Consistency and Retention through Retailing Examples: • Example 1: – Month 1 : 3000 PBV – Month 2: 3500 PBV – Month 3: 4500 PBV – Month 4: 2000 PBV – Payout: 3% of 13000 PBV = Rs. 390 • Example 2: – Month 1: 3000 PBV – Month 2: 7000 PBV – Month 3: 20000 PBV – Mont 4: 3000 PBV – You Get paid 5% PSB on 20000 = Rs. 1000 – Accumulative PSB = 3% of 13000 = Rs. 390 Examples: • Example 3: – Month 1: 3000 PBV – Month 2: 0 PBV – Month 3: 45000 PBV – Mont 4: 2000 PBV – Month 3 PSB = 10% of 45000 = Rs. 4500 – No accumulative PSB as not active in all 4 months • Example 4: – Month 1: 2000 PBV – Month 2: 20000 PBV – Month 3: 2000 PBV – Month 4: 8000 PBV – Month 2 PSB = 5% of 20000 = Rs. 1000 – M1 + M3 + M4 = 12000 *3% = Rs. 360
- 19. Team Builder Bonus Team Builder Bonus Proposed • Paid on 1000 BV Generations with Compression • From Star up to President Diamond – Paid for 1st Generation: Star to Silver Star – Paid upto 3rd Generation: Super Star to President Diamonds • 1st Generation 3% • 2nd Generation 2% • 3rd Generation 1% No Complicated Conditions No Trimming Ever 3.
- 20. Power Of Team Builder Bonus You 2500 PBV A 2000 PBV A1 500 PBV A3 2500 PBV A2 1000 PBV A4 3000 PBV B 500 PBV B1 6000 PBV B3 5000 PBV B2 1000 PBV B4 3000 PBV C 1000 PBV C1 10000 PBV C4 5000 PBV C2 750 PBV C5 1200 PBV C3 5000 PBV C6 5000 PBV D 5000 PBV D1 3000 PBV D3 1800 PBV D2 500 PBV D4 1200 PBV
- 21. 4. MAXIMIZER TEAM BONUS FORTIFIED WITH EVEN MORE VITAMIN M – POOL 27% • First time ever in Indian MLM history, Modicare had launched the perfect Hybrid Plan • It’s Simple Duplicate-ble and Rewarding • No more structure requirement • No more dependency • Perfect example of DO IT & GET IT • Only this can be the legitimate future of Indian MLM industry as this rewards the performance
- 22. Active Requirement • A Consultant has to be active in any given period, to receive commissions from their team for that month • Active requirement: – Star and Silver Star : 500 PBV – Super Star to Platinum: 1000 PBV – Emerald and Above: 1800 PBV
- 23. Introduction to QEV • QEV (Qualifying Enrolment Volume) – The PBV of yourself and everybody below you down infinitely deep in your Enrollment Genealogy regardless of their title or PBV. – For each title there is a maximum leg rule which means maximum volume which would be considered from each leg. – Your titles are based on QEV The basics ….
- 24. How is QEV calculated? Example: For Emerald Your Total Enrolment Volume = 171800 The max EV you can get from any leg is 75000 From Ram, you get 75000, Shyam 20000 and John 50000 Your QEV = 146800 QEV required for Emerald is 1,25,000** ** LLV requirement of min 50000 You 1800 PBV Ram 1,00,000 QEV Shyam 20,000 QEV John 50,000 QEV The basics ….
- 25. The basics …. 1. PBV to be added in PLV (Pay leg Volume)upto 5000BV up till silver star level 2. MTB to be paid on a minimum pay leg volume (PLV) of 5000Rs. 3. Your PAT is based on QEV as against DV earlier. However, you continue to earn your MTB on your Lesser Leg. 4. Your Enrolment lineage is converted into Placement Lineage (Strong and Lesser Leg). As you grow your QEV, you will also in this process build your Placement Lineage and help to create spillovers for your downlines.
- 26. Career Path NO MORE STRUCTURES ONLY VOLUME REQUIRED FOR QUALIFICATION NO MORE DEPENDENCE ON SPILLOVER FOR PAT YOUR PAT NOW TOTALLY IN YOUR CONTROL
- 27. Career Path – Starters and Builders PAT PBV ACTIVE LEGS EV MAX BV FROM ONE LEG MTB % PERSONAL MTB CAPS Star 500 1 - - - Silver Star 500 2 - - 6% 2000 Super Star 500 20000 - 6% 3000 Gold 1000 40000 - 8% 5000 Platinum 1000 65000 - 8% 9000
- 28. Leadership Titles PAT PBV QEV MAX BV FROM ONE LEG MAX LEG % LLV (Does not include PBV) MTB % PERSONAL MTB CAPS Emerald 1800 125000 75000 60 50000 8% 18000 Diamond 1800 250000 150000 60 70000 8% 32000 President Diamond 1800 500000 275000 55 100000 8% 75000 Blue Diamond 1800 900000 400000 45 8% 150000 Royal Diamond 1800 1600000 720000 45 8% 200000 Royal Double Diamond 1800 3000000 1200000 40 8% 275000 Royal Crown Diamond 1800 4500000 1800000 40 8% 350000 Royal Double Crown Diamond 1800 6500000 2600000 40 8% 500000 Royal Elite Double Crown Diamond 1800 9000000 3600000 40 8% 650000 Royal Triple Crown Diamond 1800 12000000 4800000 40 8% 800000 Royal Elite Triple Crown Diamond 1800 20000000 7000000 35 8% 900000 Royal Black Diamond 1800 37500000 11250000 30 8% 1150000 Global Black Diamond 1800 60000000 18000000 30 8% 1500000 Global Elite Ambassador 1800 100000000 25000000 25 8% 3000000 Global Crown 1800 200000000 50000000 25 8% 5000000
- 29. 5. LCM – 4% Pool Your Paid As Rank Emerald Generations Deep % (based on Pay Rank of downline) Caps (Rs) Receiving Leader Leader Check Match Cap on Each Person Emerald 15% 2700 Diamond 1 15% 4500 President Diamond 1 15% 11000 Blue Diamond 2 15% 22500 Royal Diamond 2 15% 30000 Royal Double Diamond 2 15% 40000 Royal Crown Diamond 3 20% 70000 Royal Double Crown Diamond 3 20% 100000 Royal Elite Double Crown Diamond 3 20% 130000 Royal Triple Crown Diamond 3 20% 150000Royal Elite Triple Crown Diamond 3 20% Royal Black Diamond 3 20% Global Black Diamond 3 20% Global Elite Ambassador 3 20% Global Crown Ambassador 3 20% KK Modi World Ambassador 3 20%
- 31. PAT FIRST TIME 6 months in 12 rolling months 8 months in 12 rolling months 10 months in 12 rolling months Emerald Rs. 25000 cash award Rs. 40000 cash award OLS Diamond OLS OLS with Rs. 15000 cash OLS with spouse with Rs. 25000 cash President Diamond OLS with Rs. 20000 Cash OLS with Rs. 30000 Cash OLS with spouse with Rs. 45000 Cash Blue Diamond OLS with cash Rs 2 lac OLS with cash Rs 3 lac OLS with spouse and Rs. 4 lac Royal Diamond OLS with cash Rs 3.5 lac OLS with cash Rs 4.5 lac OLS with spouse and Rs. 6 lac Royal Double Diamond OLS with cash Rs 4.5 lac OLS with cash Rs 6 lac OLS with spouse and Rs. 8 lac
- 32. PAT FIRST TIME 6 months in 12 rolling months 8 months in 12 rolling months 10 months in 12 rolling months Royal Crown Diamond OLS with cash Rs 6 lac OLS with cash Rs 8 lac OLS with spouse and Rs. 10 lac Royal Double Crown Diamond OLS with cash Rs 9 lac OLS with cash Rs 12 lac OLS with spouse and Rs. 15 lac Royal Elite Double Crown Diamond OLS with cash Rs 12 lac OLS with cash Rs 16 lac OLS with spouse and Rs. 20 lac Royal Triple Crown Diamond OLS with cash Rs 15 lac OLS with cash Rs 19 lac OLS with spouse and Rs. 23 lac Royal Elite Triple Crown Diamond OLS with cash Rs 17 lac OLS with cash Rs 22 lac OLS with spouse and Rs. 28 lac Royal Black Diamond OLS with cash Rs 20 lac OLS with cash Rs 27 lac OLS with spouse and Rs. 34 lac Global Black Diamond OLS with cash Rs 28.5 lac OLS with cash Rs 38 lac OLS with spouse and Rs. 50 lac Global Elite Ambassador OLS with cash Rs 52.5 lac OLS with cash Rs 70 lac OLS with spouse and Rs. 1 cr Global Crown Ambassador OLS with cash Rs 0.90 cr OLS with cash Rs 1.2 cr OLS with spouse and Rs. 2 cr KK Modi World Ambassador OLS with cash Rs 2.25 cr OLS with cash Rs 3.5 cr OLS with spouse and Rs. 5 cr
- 33. PAT SECOND TIME Perks 10 months in 12 rolling months Blue Diamond OLS with spouse and Rs. 4 lac Economy Travel Plus Room on overseas travel Royal Diamond OLS with spouse and Rs. 6 lac Economy Travel Plus Room on overseas travel Royal Double Diamond OLS with spouse and Rs. 8 lac Economy Travel Plus Room on overseas travel Royal Crown Diamond OLS with spouse and Rs. 10 lac Business class travel, upgraded room on OLS Royal Double Crown Diamond OLS with spouse and Rs. 15 lac Royal Elite Double Crown Diamond OLS with spouse and Rs. 20 lac Royal Triple Crown Diamond OLS with spouse and Rs. 23 lac Business class travel, suite room and luxury car on OLS Royal Elite Triple Crown Diamond OLS with spouse and Rs. 28 lac Business class travel, suite room and luxury car on OLS Royal Black Diamond OLS with spouse and Rs. 34 lac Business class travel, suite room and luxury car on OLS Global Black Diamond OLS with spouse and Rs. 50 lac Business class travel, suite room and luxury car on OLS Global Elite Ambassador OLS with spouse and Rs. 1 cr Business class travel, suite room and luxury car on OLS Global Crown Ambassador OLS with spouse and Rs. 2 cr Business class travel, suite room and luxury car on OLS KK Modi World Ambassador OLS with spouse and Rs. 5 cr Business class travel, suite room and luxury car on OLS
- 34. Rules • Blue Diamond and Royal Double Diamond can requalify for the R&R reward only once at the same PAT. Royal Crown Diamond and higher can qualify multiple number of times on meeting the requalification criteria • Consultant cannot avail a lower reward than the highest award ever availed • Rewards already availed cannot be availed again as per the modified plan. For example: If you have availed the Blue Diamond reward twice, you now have to qualify as a minimum Royal Diamond for the reward • All rewards subject to TDS as per Government of India rules • R&R points accumulated till May’14 will be converted into appropriate number of months – For example: If you have accumulated 90000 points on Blue Diamond title, the same will now be converted to 3 months of title achievement.
- 35. Highlights • Simpler to understand and teach - No Structures • More Reachable PBV required for being active/title qualification • Stronger Incomes at the lower levels with energized retail incomes • Bigger and Better Rewards for Team Development • Bonuses for starters exempted from Company Pool • Easier TRANSITION to Higher Titles- Live your dream faster • Much more REWARDING Reward and Recognition Program
- 37. Share your dreams & goals now POWER OF SPOKEN WORDS WORKS
- 38. The Plan of Independence Modicare No. 1 Munish Chopra - +91-9646309001