Mi lifestyle Network Marketing Business Plan
“A network marketing business is the perfect business for people who like helping other people.”-Robert Kiyosaki
He says, "The richest people in the world look for and build networks, everyone else looks for work."
In India, Mi lifestyle Marketing global private limited is the fastest growing network marketing company right now ahead of global giants like amway,avon,vestige etc
MI-LIFESTYLE BUSINESS PLAN IS AS PER INTERNATIONAL STANDARD OF DIRECT SELLING INDUSTRY AND PRODUCTS ARE AS PER CUSTOMER CHOICE
The company is having a complete basket of World Class Quality Products & Services. Special focus will be on providing world class products in the category of health care, wellness and nutritional products for body care, beauty care, personal care, home care and lifestyle products. The company is also tied-up with various branded companies and corporate as quality products offering is the primary objective.
Each product is defined with few parameters like MRP, DP, BV, etc.
Retailing of products is flourishing in the modern trade as of now. The Company aimed to provide a secured working environment to the people of this country to create their own self employment by way of independent distributors and sell products / services to consumer network
The company's distributors may refer new Customers through Customer Registration process. However, these customers will not exist in the opportunity system (genealogy / distributor) network.
The customers will buy products of their choice at the MRP Price; respective BVs will be accounted as self BVs of their introducing distributor.
The consumer is not entitled for any commissions or monetary benefits from the company, but they will have all rights as a consumer and privileges being a registered consumer.
The Distributors are also entitled to have other income opportunities as stated below:
· RETAIL PROFIT · SALES TURNOVER BONUS (WEEKLY PAYOUT) · RANK INCOME (MONTHLY PAYOUT) · OVERRIDING BONUS (MONTHLY PAYOUT) · PERFORMANCE BONUS (MONTHLY PAYOUT) · STAR PERFORMANCE BONUS (MONTHLY PAYOUT) · AWARDS AND REWARDS · LOYALTY BONUS · ROYALTY INCOME (MONTHLY PAYOUT) · NTC BONUS |
1. RETAIL PROFIT (WHEN PURCHASED AND SOLD)
From 10 % to 60 % retail profit across different range of products when sold directly to friends and other known affiliates, customers etc.
2. SALES TURNOVER BONUS (Weekly Payout)
Business Volume (GBV.) based income on WEEKLY CLOSING |
*All the Incomes are subject to the fulfillment of the plan eligibility, which defined by the company from time to time.
All The Sales From Both The Sides Will Be Accumulated And Lower Side (Profit Team) Will Be Matched With Higher Side (Power Side)
And A 12% On Matched GBV Is Paid As Sales Turnover Bonus
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3.RANK ELIGIBILITY CONDITION
Group Business Volume ( GBV ) - MONTHLY CLOSING
Ranks | QUALIFYING GBV |
TEAM COORDINATOR (TC) | 2.5 Lac Matching GBV |
AREA TEAM COORDINATOR (ATC) | 5 Lac Matching GBV |
STAR SILVER | 2.5 Lac GBV in 3 BRANCHES |
DISTRICT TEAM COORDINATOR (DTC) | 7.5 lac MATCHING GBV |
ZONAL TEAM COORDINATOR (ZTC) | 15 Lac Matching GBV |
STAR PEARL | 7.5 Lac GBV in 3 BRANCHES |
STATE TEAM COORDINATOR(STC) | 25 lac MATCHING GBV |
EMERALD | 20 Lac GBV in 4 BRANCHES |
REGIONAL TEAM COORDINATOR(RTC) | 75 lac MATCHING GBV |
GOLD | 80 Lac GBV in 4 BRANCHES |
NATIONAL TEAM COORDINATOR | 2 CRORE MATCHING GBV |
PLATINUM | 2 CR GBV in 4 BRANCHES |
CONTINENTAL TEAM COORDINATOR | 5 CRORE MATCHING GBV |
INTERNATIONAL TEAM COORDINATOR | 10 CRORE MATCHING GBV |
GLOBAL TEAM COORDINATOR | 75 CRORE MATCHING GBV |
UNIVERSAL TEAM COORDINATOR | 150 CRORE MATCHING GBV |
DIAMOND | 5 CRORE GBV 4 BRANCHES |
ROYAL DIAMOND | 4 PLATINUM - IN 4 BRANCHES |
CROWN DIAMOND | 4 DIAMOND - IN 4 BRANCHES |
CROWN AMBASSDOR | 4 ROYAL DIAMOND - IN 4 BRANCHES |
* Minimum monthly Repurchase has to be fulfilled for getting any Rank,Rank income,Performance Bonus, Award or Rewards or any monthly/weekly income.
4.Rank Income
Ranks | % |
STAR SILVER | 2 |
STAR PEARL | 3 |
EMERALD | 3.75 |
GOLD | 4.5 |
PLATINUM | 5 |
DIAMOND | 5.5 |
ROYAL DIAMOND | 6 |
CROWN DIAMOND | 6.5 |
CROWN AMBASSDOR | 7 |
1.For Getting Rank Income Distributor has to generate 10% of the GBV which generated by him/her last month. Example – U is an Star Pearl with 4 Branch, the generated Legwise LBV are given below :-
Month | GBV 1st Branch A | GBV 2nd Branch B | GBV 3 Branch C | GBV 4th Branch D |
15 | 2500000 | 1000000 | 300000 | 35000 |
The second Highest GBV generated by Branch B for U, hence for getting Rank Income in month 16, the said ID has to generate cumulative 100000 GBV from Branch C and Branch D during Month 16. The condition will be applied for every month.
New Condition :- For Getting Rank Income for Emerald and above Executives, they need to generate the below GBV from each Branch
Ranks | Branch 3 GBV | Branch 4 GBV |
EMERALD | 75000 | 25000 |
GOLD | 150000 | 50000 |
PLATINUM | 200000 | 100000 |
DIAMOND | 500000 | 300000 |
2.Once the Rank achieved by the Distributor the Distributor will get the Rank Income without condition as mentioned in point 1 for three month. Suppose A has achieved Star Silver during month 14, than the Rank Income will start from month 15. He will get the Rank Income for month 15,16 and 17 without condition which mentioned in point 1. For getting the Rank Income in month 18, he/she has to generate 10% GBV of highest 2nd Branch of month 17 from his/her 3rd and 4th Branch.
3.Minimum monthly condition has to be fulfilled for getting any Income
5. OVERRIDING BONUS (Monthly Payout)
An Overriding Bonus worth 10% of Rank Bonus will be paid for 3 levels of same rank
(Star Silver to Crown Ambassador Executive of Same Rank will be applicable)
6. PERFORMANCE BONUS (Monthly Payout)
1.5% of Global BV turnover of the company will be shared for Performance Bonus and we create a pool for individual Rank Distributor with 35% of 1.5 % of global turnover and Team Coordinator, Area Team Coordinator and Star Silver with 15% of 1.5 % of global turnover, District Team Coordinator, Zonal Team Coordinator and Star Pearl with 15% of 1.5 % of global turnover and State Team Coordinator and Regional Team Coordinator with 35% of 1.5 % of global amount,and than amount will be distributed according to Rank wise pull equally among all the Eligible achievers.
RANK | Branch 1 | Branch 2 | Branch 3 |
DISTRIBUTOR | 60000 | 60000 | 60000 |
STAR SILVER | 75000 | 75000 | 75000 |
STAR PEARL | 100000 | 100000 | 100000 |
RANK | ORG1 | ORG2 |
DISTRIBUTOR | 100000 | 100000 |
TEAM COORDINATOR | 200000 | 200000 |
AREA TEAM COORDINATOR | 300000 | 300000 |
DISTRICT TEAM COORDINATOR | 375000 | 375000 |
ZONAL TEAM COORDINATOR | 450000 | 450000 |
STATE TEAM COORDINATOR | 550000 | 550000 |
REGIONAL TEAM COORDINATOR | 650000 | 650000 |
The above table is actually total group sales GBV in a calendar month.
7. STAR PERFORMANCE BONUS (Monthly Payout)
For EMERALD / GOLD / PLATINUM
0.5% of Global BV turnover of the company will be shared for STAR Performance Bonus and we create a pool for individual Rank Emerald with 40% of 0.5 % of global amount and GOLD with 30% of 0.5 % of global amount, and Platinum with 30% of 0.5 % of global amount and then amount will be distributed according to Rank wise pull equally among all the Eligible achievers.
RANK | Branch 1 | Branch 2 | Branch 3 | Branch 4 |
EMERALD | 200000 | 200000 | 100000 | 100000 |
GOLD | 400000 | 400000 | 200000 | 200000 |
PLATINUM | 800000 | 800000 | 400000 | 400000 |
8.AWARDS AND REWARDS
Ranks | QUALIFYING GBV | One Time Bonus | Time Period - Weeks |
STAR SILVER | 2.5 Lac GBV in 3 Branches | Rs.25000 LAPTOP | 10 WEEKS |
STAR PEARL | 7.5 Lac GBV in 3 Branches | Rs.40000 BIKE FUND | 18 WEEKS |
EMERALD | 20 Lac GBV in 4 Branches | Rs. 1 Lac BUDGET CAR FUND | 36 WEEKS |
GOLD | 80 Lac GBV in 4 Branches | Rs.3 Lac SEDAN CAR FUND | 46 WEEKS |
PLATINUM | 2 CR GBV in 4 Branches | Rs.5 Lac PREMIUM CAR FUND - INNOVA | 58 WEEKS |
DIAMOND | 5 CRORE GBV 4 BRANCHES | Rs. 10 Lac LUXURY CAR FUND - BENZ/BMW/AUDI | 72 WEEKS |
ROYAL DIAMOND | 4 PLATINUM - IN 4 BRANCH | Rs.16 LAC SINGLE STUDIO APARTMENT FUND | 100 WEEKS |
CROWN DIAMOND | 4 DIAMOND - IN 4 BRANCH | Rs. 32 Lac LUXURY APARTMENT FUND | 132 WEEKS |
CROWN AMBASSDOR | 4 ROYAL DIAMOND - IN 4 BRANCH | Rs.75 LAC VILLA FUND | 180 WEEKS |
Terms & Condition
*Applicable to Those Distributors whose DOJ is on or after 13/*05/2017 i.e week 201
*The same is applicable from Month 51 onwards
*Minimum monthly purchase condition has to be fulfilled every month for getting Rewards
9.LOYALTY BONUS
RANK | Matching Repurchase GBV | Repurchase GBV from 3rd/4th Branch |
| Reward |
DTC | 20000 | 4000 |
| 5000 |
ZTC | 40000 | 8000 |
| 7500 |
STC | 80000 | 16000 |
| 10000 |
RTC | 200000 | 40000 |
| 15000 |
NTC | 400000 | 80000 |
| 20000 |
|
| Repurchase GBV from 3rd Branch | Repurchase GBV from 4th Branch |
|
STAR SILVER | 15000 | 7500 |
| 5000 |
STAR PEARL | 30000 | 15000 |
| 7500 |
EMERLD | 100000 | 25000 | 25000 | 15000 |
GOLD | 200000 | 35000 | 35000 | 20000 |
Star Loyalty Bonus :
* If any distributor who is an achiever of above bonus for consecutive 6 months, he will be paid ONE TIME (Per unique ID) 25% of Retail Leadership bonus total earned in last 6 months. Rank as per starting Month of 1st Loyalty Bonus achievement of continuous 6 month will be counted for Foreign Trip (NTC/Gold and RTC/EMERALD). The Reward will be paid as per below :-
NTC/GOLD | BANGKOK -EX ALL 4 METRO CITIES |
RTC / EMERALD | SRILANKA - EX CHENNAI |
STC | BIKE FUND |
ZTC / STAR PEARL | DEVELOPMENT FUND |
DTC / STAR SILVER | DEVELOPMENT FUND |
* If any Lower Rank fulfill the condition of Repurphase GBV and Repurchase GBV from 3rd/4th Leg of Higher Rank than he will get the Rank Reward as per higher volume. Higher Rank can not participate for Lower Rank volume.
* GBV has to be generated through Repurchase of the team, and Self PBV will not be counted for qualification
* Repurchase - Upto Rs. 5000 purchase will be treated under 1st purchase in single Invoice where as in multiple Invoice it will be counted after 1st Sales. The Next Order after first invoice will be counted under Repurchase
* The Loyalty Bonus is valid for 18 Months and after 18 Months it will be reviewed by the Management
10. ROYALTY INCOME (Monthly Payout)
Title | Royalty |
Diamond | Achieve Diamond for Royalty of 0.40% of Global BV Turnover. |
Royal Diamond | Achieve Royal Diamond for Royalty of 0.20% of Global BV Turnover. |
Crown Diamond | Achieve Crown Diamond for Royalty of 0.20% of Global BV Turnover. |
Crown Ambassador | Achieve Crown Ambassador for Royalty of 0.20% of Global BV Turnover. |
Eligibility Terms :
* The performance bonus will be paid on the global turnover after eligibility.
* Once eligible, the royalty will be paid for 12 months, subject to active clause. To continue getting the royalty, eligibility criteria should be achieved once again in the prior 12 months.
* Once Diamond Rank achieved, will get Diamond Royalty for 12 MI Month and for getting Diamond Royalty from Month 13, the said Leader has to maintain 75 Lac GBV from 3rd Branch and 50 Lac GBV from Branch 4 in their previous 12 Months and the same is effective from Month 63.
The above table is actually total group sales GBV in a calendar month.
11.NTC BONUS (Monthly Payout)
Eligibility Terms :
1. Applicable to NTC and above Leaders.
2. For getting NTC bonus in current month, he/she must generate minimum 1 Lac Matching GBV in previous month
3. Generate @25% GBV of Matched BV of previous Month via Repurchase in Current Month
4. Fulfil minimum monthly purchase condition as per Rank
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