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ITV Ventures™ Compensation Plan |
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Independent Business Owners (IBOs) are eligible to participate in the ITV Ventures™ compensation plan. All new IBOs need a sponsor, and an active IBO may sign up a new IBO, retail customer, or Total Living™ Member (TLM) through the Business Management Center (back office) of their ITV Ventures™ customized website. ITV Ventures™ IBOSign up for $299 (Optional) IBO Premier Package and receive:
Sign up for $165 IBO Basic Package and receive the above incentives, minus products. Active and Commission Qualified IBO requirements include:
IBO Payout Plan
4 x 7 Power Matrix™ Payout
The qualifications for Matrix commission payouts are:
Any Representative failing to produce Personal Volume (PV) in the ITV Marketing and Compensation Plan for two (2) consecutive calendar months will be automatically terminated. Any representative who does not produce the required $100 (one hundred dollars) Personal Volume worth of products for one month will be required to purchase or sell $200 (two hundred dollars) worth of products the following month or will be automatically terminated. Also, any Representative who fails to participate in the Monthly Action Program (MAP), which is the ongoing education and training system for ITV Ventures™, for two (2) consecutive months, will be automatically terminated. Roll up Policy
Commission Qualifications:a. Retail Profit and Fast Cash Bonuses:
b. Matrix Based Commissions and Bonuses:
A few things to note:
IBO Levels of Achievement:Bronze IBO: Maintain 2 personally
sponsored Silver IBO: Maintain 4 personally
sponsored Gold IBO: Maintain 8 personally
sponsored Platinum IBO: Maintain 10
personally sponsored Commission Qualified IBOs who have each sponsored
one or more commission qualified IBOs and 2 consecutive months of
$10,000 Group Volume (including their own
One Star Platinum IBO: 20 personally sponsored Commission Qualified IBOs who have each sponsored one or more commission qualified IBOs and 2 consecutive months of $20,000 Group Volume (including their own Personal Volume) within their Power Matrix™
Two Star Platinum IBO: 30 personally sponsored Commission Qualified IBOs who have each sponsored one or more commission qualified IBOs and 2 consecutive months of $30,000 Group Volume (including their own Personal Volume) within their Power Matrix™
Three Star Platinum IBO: 50
personally sponsored Commission Qualified IBOs who have each sponsored
one or more commission qualified IBOs and 2 consecutive months $50,000
Group Volume (including their own
Note: Number of personally sponsored IBOs may occur over a series of months, but the number that are commission qualified applies to month of rank achievement. Rank achievement is retroactive to the 1st of the month. Additional Bonuses: Coding Organization BonusAn IBO who has achieved Platinum status or higher is eligible to begin building Coding Organization Bonuses of 1% to 5%. These bonuses are paid to Active and Commission Qualified Platinum IBOs and higher on their Coded Organizations only. Coded OrganizationsEvery IBO is encoded in four separate coding groups upon signing up. Each IBO is assigned to the same four coding groups as their sponsor, unless the sponsor has started their own coding group, in which case, the new IBO would be coded to their sponsor’s coding group. One important concept to understand with Coding is that it follows line of sponsorship and has nothing to do with the Matrix. The four separate coding groups are:
Every IBO is coded to one IBO in each of the four Coding Groups. An IBO can be coded to the same IBO in more than one Coding Group. When an IBO achieves the rank of Platinum, beginning with their next personally sponsored IBO, all new personally sponsored IBOs get coded to them in the Platinum Coding Group. When these coded personally sponsored IBOs sponsor their own IBOs, they will also be coded to the same Platinum IBO in the Platinum Coding Group. The IBO’s Platinum Coding Group will continue to be built in this fashion until another IBO in the Platinum Coding Group reaches the rank of Platinum. At this point, the first Platinum IBO’s Platinum Coding Group will stop on this particular line of sponsorship, and the newly qualified Platinum IBO will begin their Platinum. Coding Group with their next personally sponsored IBO. This same procedure is followed for each of the four Coding Groups. When an IBO reaches a new rank, Platinum or above, their very next personally sponsored IBO begins their Coding Group at that rank. IBOs with Coded Groups must qualify for each of their Coded Groups each month in order to be paid the associated bonuses. For example, an IBO who has a Two Star Platinum Coded Group will only be paid on their Two Star Platinum Coded Group if they themselves qualify as a Two Star Platinum IBO for the payout month. Coding Organization BonusCoding Organization Bonuses are paid
monthly.
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updated January 25, 2008 |