Kannaway


DISCLAIMER: The below compensation plan comparisons and breakdowns are based upon the opinions of people. Compensation Plans from companies to companies do change overtime and so these below comparison documents may be outdated. We highly suggest that you do your own homework, your own due diligence and contact whomever you feel is most professionally inline and has knowledge regarding your company or a company that you are looking into. We do not and can not guarantee that our opinions are 100% accurate but are simply our own personal opinions of the compensation plans after we have looked at them.

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To further understand the below and all compensation plans, please take a look at this must watch training.

http://ourgwt.com/ourblog/compensation-plan-pitfalls/

The compensation plan is found here…

Kannaway Compensation Plan

 

Commissions

Looking at the commissions, it’s a “GAME-OVER” clause right away because you don’t get paid to INFINITY on Day 1. At GWT, you get paid to infinity from Day 1.  The Kannaway has the typical bonuses for fast start, matching bonuses, and as per the Compensation Plan Pitfalls training it’s key to focus on the residual income in ANY plan.  The residual income is what pays you month after month forever and so that’s more important then bonuses.

In GWT, we get paid 10% on CV from the very 1st level down to INFINITY.  So unlike theirs, we don’t start at 2%, and then 3%, and etc… you get 10% right away.  That being said, there’s no real comparison here of which one pays more logically speaking.

Secondly, in their example, it’s very unlikely that everyone gets their first 3 people, and those 3 get their first 3.  Eventually you might get someone whose sleeping in the business and so there is nothing happening under that person.  The beauty with GWT, is because it pays to INFINITY, you don’t care of people fall asleep so the numbers in my example are much more accurate.

If anywhere were to move their entire team from GWT over to their company, they would be taking a massive pay reduction because they already have way beyond 9 generations.  GWT people have hundreds of generations and it pays them 10% on each level.

Thirdly, they have ranks that you have to attain to unlock more levels.  At GWT, you instantly get payout on ALL generations down to infinity on your very first day and till forever.

If what I just wrote above doesn’t make sense to you, then just know that you’re not the only one who probably doesn’t really know how to read compensation plans. But imagine if people actually did understand, WHY IN THE WORLD would they build with Kannaway when GWT’s compensation plan pays 10% commission from the very 1st level down to INFINITY on Day 1 WITHOUT any ranks.

In the training video on compensation plan pitfalls, we talk about how when someone in your team attains a higher rank, or succeeds further, it should better you. With the Kannaway compensation plan, as people in your team do better, you’re actually getting less. A contradiction… a “GAME-OVER” clause.

As I said earlier, Kannway also has many ranks that dictate what kind of income you can have. And as discussed in the “Compensation Plan Pitfalls” training, when you have ranks, it’s an instant “GAME-OVER” clause.

Kannway also is a unilevel plan where you want to build as many legs wide (personally sponsors), and then build deep. Another “GAME-OVER” clause because why would you want to build many legs when you can just build 2 in other compensation plans. And if you want the highest earning potential, you have to build so many legs!!! Would you rather build many legs, or just 2?

The reality when it comes to building your MLM business, is that your team will grow deeper and deeper and deeper. And the income projections they show on their youtube video is in a perfect world but when you have ranks, it’s very unlikely. Just think about it… how many people have the highest rank? So what’s your chance of being that rank and maximizing the plan? Why not be in a plan where you can attain the highest payout without going through ranks?

 

Global Wealth Trade Company Winner
Industry Fashion Health and Welness GWT
Product Type WANT NEED GWT
Product Shelf-Life/Expiration Forever 2 Years GWT
Products Maintain/Gain Value Yes No GWT
Products have Verifiable Retail Value Yes No GWT
Retail Profits Up to 100%+ ? GWT
Products Can Be Passed Down to Future Generations Yes No GWT
Products Natural High Profit Margins Yes No GWT
Products are Visual Yes No GWT
Products are Culturally Accepted Yes Yes
Products are Unique Yes No GWT
Vast Selection of Flagship Products Yes No GWT
# of Products 1200+ 20+ GWT
Product Risk None Many GWT
Product Time Till Gratification 2 seconds 3 Months GWT
Products Pre-Approved in Every Country Yes No GWT
Can Do Business In Every Country? Yes No GWT
Competition None 30,000 GWT
Third-Party Media Accolades Many ? GWT
Market Saturation 12000 800,000+ GWT
Autoship No Yes GWT
Retention 82% (DSA:11%) GWT
Monthly Re-Order 68% (DSA: 6%) GWT
Volume Flushing No ? GWT
Volume Cap No ? GWT
Max Carry-Over Volume None ? GWT
How Many Legs to Build? 2 Infinite GWT
Pays to Infinity? Yes No GWT
Pays to How Many Levels Deep? Infinite 2 to 7 GWT
Max $/BC $10,000/week ?
E/D Ratio $10-$20 (DSA:$1) GWT
Team Commissions % Payout 8% 1% GWT
Cap on Commission Based on Rank? No Yes GWT
Has Ranks? No Yes GWT
# of Ranks? N/A 8 GWT
Do Ranks impact your pay? No Yes GWT
Active Personal Requirement 2 2 to Many GWT
Additional Requirements No Many GWT
Personal Sponsor Commission 60-100% 20% GWT
Car Program Yes Yes GWT
Car Program Monthly Qualifications None Yes GWT
Vacation Program Yes ? GWT
Matching Bonus Yes No GWT
Frequency Weekly N/A GWT
Total Payout 70% ? GWT
Bonus or Commission Focused Commissions Bonuses GWT

WANT versus NEED

It’s easier to sell a want then a need. Want is more powerful then need. For example, people don’t need to smoke, but they want to. People don’t need to drink, but they want to. People don’t need to buy designer labels, but they want to. In nutrition, selling a need was good many many years ago. When there was only a few nutritional companies or telecom companies or utility companies. Nowadays, there are too many choices amongst MLM and even the local grocery and pharmacies to buy nutritional items. In GWT, people are happily saving money into their IA to one day buy the item they’ve always wanted and have been saving up for.

Education in products

In most health companies, you have to become half a doctor to be able to effectively sell their products. In GWT, everyone knows what a watch is, jewelry, etc… so it’s SUPER simple. In nutrition, you have to not only become half a doctor, but also you need to train your team on how to become half a doctor. Duplication is key and the longer it takes for someone to learn about their products, the longer the duplication process. And the more learning there is in a system, the more complicated it can become, and you can potentially lose a lot of your team due to this.

Competition

According to the DSA, there are now 30 million people in North American who are in the health and wellness industry. As great as companies can be, if there are too many people competing against you, it’s almost impossible to make those huge incomes as you always wanted. If you had joined these huge companies when they first got started 20 years ago, you’d be in a good situation because there wasn’t that many companies back then in health and wellness. Today, every month or even every week there is the newest latest and greatest health and wellness company. And I’m constantly being approached by these company’s to join them, bring a team over, and they’ll give me some type of joining incentive (cash, inherit a downline, etc..). In summary, if you’re today in a health and wellness company, it’s almost pointless. Even if you establish a huge team, after a few months, when the latest and greatest company comes out, most of your team leaves you and now you’re back to trying to building a brand new team. The industry retention ratio is roughly 10-18% so that means after one year with 100 people, only 10-18 of them are left. It’s exhausting and if that’s the deal in health and wellness companies, then no thank you!

GLOSSARY OF TERMS

Industry

This is an important item because there is no other Direct Sales company that does what we do which is a Designer Brand in MLM. If you are in the health and wellness industry there are millions of people competing against you.

Product Type – WANT versus NEED

It’s easier to sell a want then a need. Want is more powerful then need. For example, people don’t need to smoke, but they want to. People don’t need to drink, but they want to. People don’t need to buy fashion items, but they want to. In nutrition, selling a need was good many many years ago. When there was only a few nutritional companies or telecom companies or utility companies. Nowadays, there are too many choices amongst MLM and even the local grocery and pharmacies to buy nutritional items. In GWT, people are happily saving money into their IA to one day buy the item they’ve always wanted and have been saving up for.

Product Shelf-Life/Expiration

GWT Products have no shelf-life so they can be passed down generation after generation. Other companies have products that either expire or go bad and if not consumed are tossed are in the garbage. Other companies products go obsolete.

Products Maintain/Gain Value

GWT Products gain value over time such as the FERI Silver, FERI MOSH line, and more. Other companies have products that do not gain value over time. They are mostly consumed, tossed in the garbage, or go obsolete.

Products have Verifiable Retail Value

GWT Products are certified and appraised by the world’s largest third-party companies such as GIA, AGS, IGI and GemLabs and the value of what you bought can be verified. Other companies may sell products where there is no way to determine the actual retail value.

Retail Profits

GWT profits can easily be 100% and more with our vast line of naturally high profit margin products. Other companies are often no higher then 30-40%.

Products Can Be Passed Down to Future Generations

GWT Products are a type of product that never get thrown away but rather are passed down generation after generation. Other companies products go bad, tossed in the garbage, become obsolete and are not passed down one generation after the next.

Products Natural High Profit Margins

GWT Products have naturally high profit margins to allow people to earn more income. Other companies have retail prices that no one would ever buy those products at the retail cost because the retail cost is unnaturally inflated.

Products are Visual

GWT Products are Visual and can be worn at all times to promote your business. Other companies have products that are not visual and you would not be as easy to promote on you.

Products are Culturally Accepted

GWT Products (fashion) are accepted by all cultures all over the world. Other companies may have products in which certain cultures are not accustomed too.

Products are Unique

GWT Products (FERI MOSH 19K, FERI MOSH 21K, and FERI Plangsten and all of the designs by FERI, FERI MOSH, and POSH) are designed in house by designers and unique to Global Wealth Trade. The FERI MOSH 19K, 21K, and Plangsten are only available material wise by GWT. Other companies have products that can be found in other competing companies.

Vast Selection of Flagship Products

GWT Products are vast and have over 1200 SKU’s which allow the distributors to earn substantial incomes. In other companies they often only sell a fell products that can become boring over many years. GWT Products gain more excitement year after year.

Product Risk

GWT’s products carry no risk and in fact gain value over time. With many other companies, especially consumables may have certain reactions that are risky (not everyone reacts the same way).

Product Time Till Gratification

GWT’s products have instant gratification. Once you see something you like, you like it. With other companies, you have to consume the products for several days or months to see the effect or the damage.

Products Pre-Approved in Every Country

GWT’s products are pre-approved in every country around the world because companies already import/export the types of products we carry. With other companies, products often require approval from the Food and Drug Administration by the Governments or for service type companies, the services and partners must be established (i.e. telecom).

Can Do Business In Every Country?

Simply put, you can do business in every country with GWT. Other companies can not due to their product issues.

Competition

With GWT, there is no other company in Direct Sales that does what we do, a Fashion Designer Brand. In Health and Wellness over 92% of the companies on the DSA and in Health and Wellness, Telecommunications, or Household products.

Third-Party Media Accolades

GWT has an incredible number of third party media credibility such as the Canadian Business Journal, American Business Journal, VIVA Internationale, Canadian Jeweller, REGARD Magazine, The VIEW, Toronto International Film Festival (TIFF), the Emmy’s, Oprah Winfrey’s (Women of Wealth), Networking Times, BusinessForHome, Network Marketing Business Journal, Prestige Magazine, Entertainment Tonight, Preferred Magazine, Fashion Shows and More. Other companies usually only have one or two media appearances and most of them are within MLM where as with GWT many are NON-MLM media accolades.

Saturation

Saturation has to do with timing and competition in that GWT has only 12000 people. Many other companies have well over 300,000 which means that the timing may not be as good. On the flip side, a company with only 100-200 people could be a risky company. Typically if a company has surpassed 5 years it’s going to be a non-high risk company to work with.

Autoship

GWT has the revolutionary IA Program where as others usually have an autoship that you have to order products every month.

Retention and Monthly Reorder

The autoship relates to retention because according to the DSA the average for renewing the business yearly is 11% where as the monthly product re-orders are 6%. GWT’s retention ratio is 500-600% higher then other companies on average because of the revolutionary IA Program.

Volume Flushing

GWT never flushes volume in any kind of way. Other companies flush volume which means that of the work you did or did not do to accumulate volume, the company will flush that in one of many ways and you lose that. When you lose that, you lost possible revenue because volume is usually commissionable.

Volume Cap

GWT doesn’t have a cap for the maximum amount of volume you can have. Some other companies do.

Max Carry-Over Volume

GWT does not have a max carry-over on volume. Some other companies only allow you to carry over a certain amount and the rest is flushed.

How Many Legs to Build?

GWT only has 2 legs to build which is the easiest. Trying to build more then 2 legs is just more work. Why build more then 2 legs when you only need to build 2?

Pays to Infinity?

GWT pays from the first level down to the very last one (INFINITE). Other companies only pay you down to a certain number of levels which means that you lose the volume from the bottom levels (which means you lost income). Other companies do pay to infinite but you have to work to a certain rank to unlock that and often enough when you unlock those levels, it’s a lower payout in percentage. Why go through all that when you can join a company that has no levels?!

E/D (Earning Per Distributor) Ratio

The E/D Ratio just means how much in residual passive income do you get paid per person in your team. The Average is 1 to $1 which means 1 person pays you $1.00 in passive income. So to make $10,000 a month passive income you need 10,000 people. With GWT, it’s up to $10-$20 which means for much less people, you can make much more. Why do more work for less?

Team Commissions % Payout

This is the bread and butter, the focus of MLM is to build a long term passive income. The higher the better and it has to be on all of your business. GWT pays 8% on the first level down to infinite. Others don’t pay to infinite or it’s a low pay out.

Cap on Commission Based on Rank?

GWT has no cap on your commission based on ranks. Other companies don’t allow you to earn the full commissions until you unlock a certain level rank. Why the hassles of working through ranks when GWT has none?

Do Ranks impact your pay?

Aside from the commission, does the ranks impact your other revenue streams and bonuses. With GWT it doesn’t because there are no ranks.

Active Personal Requirement

With GWT, you only need two personal sponsors to start earning commissions but you start to accumulate volume even without the two. With other companies, you need to have certain number of personal sponsorships to unlock your commissions or to maintain commissions.

Car Program and Car Program Monthly Qualifications

GWT has two car programs for the luxury line and also the elite line and best of all, there are no monthly qualifications to maintain. Once you achieve it, it’s yours for 18 months. Other car programs you are on the lease and if you can’t maintain your qualifications, you have to pay out of your own pocket.

Total Payout

The higher the total payout, the more income one can earn. But one must also understand that a high payout doesn’t necessarily mean it’s easy to unlock those commissions. With GWT, it’s a high payout and there is nothing to stop one from unlocking the highest and attaining the most commissions.

Bonus or Commission Focused

Companies often focus on paying lots of bonuses because bonuses are one-time. With Commissions, companies have to keep paying that week after week. Pay in Commission are good for the members where pay in Bonuses are good for the company. GWT has both!