My Daily Choice


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 Compensation Plans from companies to companies do change overtime and so these below comparison documents may be outdated.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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For this comparison, a special thanks to Sebastian Jimenez from Global Wealth Trade for taking the time to work on this comparison.  I did add a few extra things in the Team Commissions such as examples but majority again from Sebastian.

The compensation plan on this link here.

http://www.mydailychoice.com/htdocs/CompensationPlan.pdf

 

Before we get started let’s look at the facts from a business point of view.

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!
Stages of business timing

Risky Stage: (0-5 years old)
Much like traditional retail businesses, 90% of start up Direct Sales companies fail within the first 5 years of which 95% of them fail within the first 24 months – MDC falls into the 0-5 year old category

Earning per distributor

According to the DSA health and wellness EPD is $1 this means each person in your team pays you $1 in passive income. Therefore to make $10,000 a month you need 10,000 people in your organization. In GWT our EPD is $8-16 meaning you need 8-16 times less people to make the 10,000 a month income!

High profit margin items versus low

GWT has the highest profit margins in the industry because we distribute and promote a luxury designer brand worn by hundreds of celebrities in every country in the world. Our product does not need to be pre-approved. This means with high profit margin items you need to sell less products to make a great retail income and need less people to make a 6 and 7 figure income. We have LC’s who have made 1 million dollars a year with 4000-7000 people.
Okay let’s get started …

To under the payout in dollars one needs to know the conversion of PV to dollars

PV is the equivalent to $

 

Product Sales

In GWT you can earn 60-100% profit margins

The beauty of GWT’s products is that we have incredible numbers of people who actually sell retail through their virtual designer malls, look books and home branding parties. The true beauty about GWT is that when people sell through retail it pushes up volume which pays you in Residual Income. For FERI, you can easily earn 100%

Example:
In MDC you sell $34.95 and make a retail commission of $10
In GWT if you sold a product for $34.95 you would make up to $17.50

In MDC if you sold $399.95 you would make $100
In GWT if you sold $399.95 you would make up to $199.975

Preferred Customer

At GWT you get 30%-50% off our product lines which leads to MASSIVE retail sales
In MDC you get 25% off of their suggested retail price

Would you rather 50% off or 25%?

It’s easier to purchase and 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 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 buy nutrional items. IN GWT people are happy saving into their monthly IA like a lay-away plan towards a product they want. Therefore we do not have autoship and our clients do not pay taxes and shipping every month for the same product. Instead they save up for the ones they want and purchase it when they want. This is great for wearing the products, selling them, gifts or using them as a hedge against inflation.

Team Commissions

This is the heart and soul of any compensation plan and the one area everyone should focus on.
Bonuses are great but they happen once. You do the work once and get paid once – think of a sales job.
In My Daily Choice it is a 50/50 binary which is split to their pay leg and power leg respectively. In my daily choice you only get paid out on 1 leg. If a company is only going to pay you on one leg then you’re never going to reach or cash out on the work from the other leg. And the leg you get paid out on is the smaller of the two.  You get paid 15% at start, and only when you reach the highest rank can you get paid at 20%.

At GWT, not only are we a 1/3 and 2/3 but also a 2/3 and 1/3 AND a 50/50 and anything in between because GWT is a variable binary compensation plan. Would you rather only get paid out on one leg or both legs to infinity?

FREE FLOWING format means that there are no restrictions at all in the form of RANKS that restrict the flow of funds or CV. From day 1, a new participant is able MAXIMIZE the comp plan without qualifications or re-qualifications. The cycles can take place in a 50-50 scenario, 1/3-2/3 scenarios or ANY combination (thousands of ways) that meet the cycle volume requirement. Hence its name, “VARIABLE”. This is the FIRST in the industry.

For example, let’s say you had left volume of 10,000, and right volume of 20,000.  In MDC, you would earn 15% of 10,000 which is $1500 (as per their document).  In GWT, you would add 10,000 and 20,000 to get 30,000, and then get paid 10% which is $3000.  In summary, GWT PAYS DOUBLE!!  Would you rather earn $1500 or $3000?

So why don’t more companies copy it? Simple, it’s too costly to the corporation as commissions go out automatically every week permanently with no qualifications andre-qualifications, and CEOs and stock holders don’t like that. Most plans over the past 15 years are set with less CV commissions and more large one-time bonuses that participants have to qualify for every month to receive.
Ranks and Levels

In GWT the maximum payout can be obtain on day 1 by launching as a diamond. Unlike most companies you do not need to requalify again and again to keep the maximum.

In MDC, there are 12 ranks – from active affiliate to super affiliate
Active affiliate gets paid out 8% on the pay leg (only) and super affiliate 20% on the pay leg (only)

The real question here is would you rather max out a plan on day 1 (equal opportunity for all) or work months/years to max out a pay plan? Unless you lock the top ranks in this company and maintain the qualifications you cannot get paid out the maximum

For a complete list of their rank requirements scroll down to page 11 of their pay plan

Matching Bonuses

In GWT you get paid matching bonuses of 10% and 5% on your first and second generation to infinity on BOTH legs. MDC claims this is where they truly separate themselves however they only pay up to 10 levels of matching bonuses. Why restrict yourself to only 10 levels when you get get paid down to infinity?

 

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.

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.
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!

Main issues are strict binary, low retention, market is COMPLETELY saturated and filled with health and wellness companies, it’s too late to get in on this game, and GWT just has so many more income earning streams so for the same work you can get paid several times more in GWT!!!