Seacret

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I found their compensation plan on this link here.

http://www.deadseagoddess.com/wp-content/uploads/2012/11/SA_CompensationPlan.pdf

To be honest, with one look at this compensation plan I already knew they had SO MANY PITFALLS and “GAME-OVER” clauses as trained in the compensation plan pitfalls training here.

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

For people who don’t understand or know of other compensation plans, they really need to listen to my training above.

Okay let’s get started…

To understand the payout in dollars, one needs to know the conversion of PV to Dollars.

There is no price list I could find online but from what I gathered from the document, it could be at 35PV is equivalent to $50.

Product Sales (a.k.a Retail Profits)

You can make from 30-60% retail profits.  At GWT, it’s from 30% up to 100% or even more.  The beauty of GWT’s products is that we have incredible numbers of people who actually sell Retail through the Look Books (1 and 2 now), Home Branding Parties, or even online.  But at GWT, the beauty of our Retail system is that when people sell through retail, it pushes up volume which pays you in Residual Incomes!  For FERI, you can easily earn 100%.  And for POSH, and even FERI, the skies the limit!

Preferred Customer

Seacret has a program where if you personally introduce 4 people, and those 4 consume at least $50 then they give you a monthly credit back of $50 towards your own product purchase.

Team Commissions

This is the meat and potatoes of any compensation plan and the one area everyone should focus.  Bonuses are great but they come once where as team commissions pay you for life!  In Seacret, they are a binary system with a 1/3 and 2/3, which is their pay leg and power leg respectively.  It might look good because they say they pay you 15%, but that 15% is on the weaker leg or the pay leg.  “GAME-OVER” right away.  If a company is only paying you on your weaker leg volume, then you’re never going to touch all of the work you’re putting in to the bigger leg.  From day 1 to forever, all of the volume that’s in your power leg never pays you out.  At GWT, not only are we a 1/3 and 2/3 but also a 2/3 and 1/3 and 50 and 50 and ANYTHING in between because GWT is a VARIABLE BINARY Compensation plan, but GWT also pays you on your bigger leg!

For example, if you had 10000 PV on your left leg, and 20000 PV on your right leg, then your total is 30000 PV.  However, they pay you 15% on your weaker leg (pay leg) which is $1500.  At GWT, we pay 10% on both legs!  So same scenario, GWT would take 10000PV on the left and add that to 20000PV on the right leg, which is a total of 30000 PV and GWT pays you 10% of that which is $3000.  Would you rather earn $1500 or $3000?  Instant “GAME-OVER”!!!

I personally don’t like where a company only pays you on the weaker leg when I could choose GWT that pays on BOTH.  Also, in Seacret, if you had 3000 PV left and 2000 PV right, you might think you’re getting paid 15% on 2000PV but you’re not.  It has to be a 1/3 and 2/3 so with the 3000 PV on the left, it will only take 1000 PV right and pay you 15% which is $150.  In the same scenario, GWT takes 2000 PV right and adds that to 3000 PV on the left, for a total of 5000PV and pays you $500!!!  Would you rather get paid $150 or $500?

Matching Bonus

Seacret has a matching bonus but in order to receive matching bonuses, the people you personally introduce also have to achieve a certain rank for your to get a matching bonus.  “GAME-OVER” right away.  At GWT, if anyone that you personally sponsor makes a pay cheque, you instantly get the matching bonus.  Your people don’t need to jump through hoops and loops to achieve a rank in order for you to get your matching bonus!  They pay out 20% matching bonus as opposed to GWT’s 10% but don’t forget that the matching bonus is paid on your team commissions.  So in the above examples where you would get 20% on $1500 which is $300 or 10% on $3000 which is also $300.  So in this case, it looks the same.  However, in the above scenario where you would get 20% on $150 which is $30 or take 10% of $500 which is $50.  Clearly, GWT’s matching bonus pays more and has no ranks for your people to try to attain in order for your to receive your rank!

Don’t also forget that with ranks, many other problems can come in.  With ranks one needs to make sure they ask the questions what happens if someone matches your rank?  What happen if someone in your team exceeds your rank?  How do these ranks impact the bonuses and residuals in the company.  From what I gathered on the pdf, the bonuses get paid to only one rank.  Otherwise, if you had a line of 50 people with the same rank, the company would go bankrupt from trying to pay off those bonuses to each of the 50 people with the same rank.

Performance Bonuses

At Seacret, they have a car program where you can earn from $600-$3000 every four weeks towards a car payment.  This is specially dangerous if you have to put your name on the car lease.  I’ve seen many people put their names on a car lease but in the end have financial disasters because they weren’t able to maintain their rank and they had to pay for the car out of their own pocket!

They have other bonuses but there are already too many “GAME-OVER” clauses when it comes to their team commissions and the matching bonus which is paid on team commissions.  At GWT, there are none of these plus GWT also has the product matching bonus, vacations, cars, and the global revenue bonus which is 2% of worldwide sales!

But even without looking at the compensation plan, the bigger issue is the products and services that they are selling.  Please see below.

 

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!