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To further understand the below and all compensation plans, please take a look at this must watch training.
Threre are MANY MANY “GAME-OVER” clauses in this compensation plan from DubLi.
I couldn’t find a detailed compensation plan but I did find this online. If anyone has a better one, please email me at firstname.lastname@example.org so I can put more details into this comparison.
To start off, I will say this, this is not the first multi health and wellness MLM that’s started and it won’t be the last. From the above compensation plan, there are many issues that one should be concerned with. I’ll try to make this as detailed as possible. I’ll firstly focus on the compensation plan itself and then later on explain the concept and the concerns I see with the concept of a multi health and wellness product MLM.
Firstly, their compensation plan is filled with ranks. As discussed in the above pitfalls training, it’s a “GAME-OVER” when you see ranks. It appears that the Qnet.net compensation plan is a binary plan, which you get paid on the lower volume leg. This is another “GAME-OVER” clause because in a system where you get paid on the lower volume leg, why settle for that? Why not settle for a compensation plan that pays you on BOTH legs and not just one!
But back to the comparison, the ranks start from Bronze Star, Silver Star, Gold Star, Platinum Star, and then Diamond Star. To some, ranks may seem exciting and a way to motivate people, but that is only because they don’t truly understand what ranks do. Ranks only have one purpose which is to restrict the flow of income from the company to you. Think of it this way. If a company could afford to pay out everyone the same amount of money as the VP, then why wouldn’t they? Simple answer is because they can’t afford to so they have to have ranks in place. In GWT, you have no ranks to achieve to unlock the highest payout. Everyone gets paid the same amount!
Q1 Retail Profit
They have retail profits in QNet but they don’t mention what are the percentages. In any case, it doesn’t matter because when you are in health and wellness, most people don’t sell anything retail because it’s too expensive. So most people end up joining to be members which is something the regulators don’t like… do you have REAL retail sales happening?
Q2 Repeat Sales Points (RSP)
Again not very clear but what this is, is just up to 3 levels of generations away from you can earn some income from that. It doesn’t say how much but in GWT, you get paid volume from the first person down to infinite. So why settle for just 3 levels when you can get paid down to infinity. Whether someone joins Diamond and gives you $2250 of volume in your first level, or the 100th level, it all counts for you!
Q3 Early Payout
They have no direct explanation on how this works. I wonder why the company just doesn’t put down the numbers to make it simple and clear?
Q4 First Purchase Profit
Another small bonus paid for someone buying at retail, but again, who actually buys retail in this company?
Q5 Step Commission
Finally!! The meat and potatoes! But sadly, they don’t even tell you how much are the percentages. But in any case, you only get paid on the weaker leg. “GAME-OVER” because this is where you lose the most. Again, watch the training on compensation plan pitfalls where that’s where you’ll learn the dangers of this kind of plan. Why get paid on only the weaker leg when you can get paid on BOTH LEGS? That equates to three time payout!!! “GAME-OVER”!!!
Q6 Rank Advancement Bonus
“GAME-OVER”!!! What this is saying is that the higher you go in rank, the more you can earn in the Step Commission. Why join a plan where you have to work your way up to unlocking the highest payout when in GWT you can earn the maximum payout just by joining Diamond? In GWT, you don’t have ranks and you don’t have to work your way up.
Q7 Year-Round Rewards
Basically, what this is saying is that you can earn free products based on certain achievements. That’s similar to GWT’s IA Matching Bonus which you ALWAYS get regardless because we don’t have ranks. Be a Diamond and get this bonus. Simply join Diamond in other words!
Q8 Travel Incentives
At GWT, we have our Luxury Vacation Packages. But the main focus is always the commissions which in this company you only get paid on the weaker leg.
In short, this company is similar to another Market America, another Amway, another health and wellness company.
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. At GWT, you don’t need to lick a ring to test the products, and if you don’t like one style, we have hundreds more to choose from so everyone finds what they like!
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!