Vantel Pearls International, Inc. 46 Eastman Street, South Easton, MA Tel Compensation Plan.

Transcription

1 Vantel Pearls Internatinal, Inc. 46 Eastman Street, Suth Eastn, MA Tel (March, 2016) Welcme t Vantel Pearls! This dcument prvides an verview f the incme, benefits, and pprtunities assciated with becming a Vantel Pearls Cnsultant. Please review this dcument carefully and refer t it frequently as yu cntinue t enjy yur successes as a Vantel Pearls Independent Cntractr. Opprtunities and Benefits f becming a Vantel Pearls Cnsultant: Earn part-time incme while pursuing ther persnal and prfessinal interests Pursue a rewarding career as a Leader develping active teams Have freedm and flexibility t fit yur persnal ambitins Wrk with a cmpany with cre values, passinate purpse, and high quality standards Gain cnfidence and skill becming a successful entrepreneur Enjy the ultimate Gift f Nature PEARLS! The Vantel Pearls Career Path prvides an pprtunity fr financial independence. Vantel Pearls prvides training and nging supprt with getting-started training, team meetings, cnferences, vide and audi training tls, individual and grup infrmatinal sessins, prduct briefings, and e-newsletters. Vantel Pearls will keep yu infrmed f the latest in prducts, specials, fashin updates, and sales techniques. Vantel Pearls regularly prvides valuable insight frm successful industry leaders and best-selling authrs t cntinue t spark the gem within us all. Having parties is central t the Vantel Pearls business mdel. Yu will ntice that Vantel Pearls values the persnally spnsred recruiting prcess. Persnal spnsring and meeting and frming new relatinships including hsts and guests prvides an pprtunity t build yur rganizatin with persnally spnsred recruits and is the basis fr yur cntinued success. Cmmissin Payments Vantel Pearls pays cmmissins, verrides and bnuses by direct depsit t yur bank accunt. Weekly cmmissin depsits are payable n Thursdays. Overrides and bnuses are paid n the third Thursday f every mnth fr the prir mnth s results. New Recruits are respnsible fr entering their bank infrmatin int Vantel Pearls secure rder prcessing system (OllieNet >My OllieNet Accunt>Hme Office Prfile Update) within ne week f yur Start Date t ensure that there are n delays in earnings. Cnsultants must enter all parties and rders int OllieNet via Vantel Pearls n-line rder prcessing mdule. When parties and rders are received and verified by the Hme Office, they are changed t Psted status. Parties and Orders that are psted by Thursday will be paid in the fllwing week s payrll. Yu can find the Psted date fr yur Parties and rders in the Parties Reprt in OllieNet. Parties submitted with missing infrmatin may result in a delay in prcessing yur cmmissin payment. Yur cmmissin details are available in OllieNet under Reprts > Financials. Year t date ttals are available under Reprts > YTD Ttals. Our gal is t prcess yur parties and cmmissins as quickly as pssible. 1

2 Prmtins Title Prmtins ccur in real time. This means when qualificatins fr prmtin t any level f Leadership are achieved during a given mnth, the prmtin will autmatically be recgnized and paid in the mnth that the rank was achieved. Fr example; if a Cnsultant has achieved all f the persnal and team requirements f Star Cnsultant in the mnth f May, she will be paid at the rank f Star Cnsultant autmatically when the mnthly team verride payrll is run fr that mnth. Cntests and Incentives As a new Cnsultant, yu have an pprtunity t earn fabulus incentives during yur first 60 days. New Cnsultants are eligible fr Fast Start Rewards. All Cnsultants and Leaders are eligible t earn incentives, such as all-expense-paid trips, Natinal Cnference incentives, and Cnsultant Specials. Please nte that Awards and Incentives are cnsidered taxable incme. Cnsultants may purchase Vantel Pearls Jewelry at a 40% discunt fr persnal use. These purchases are nncmmissinable; d nt cunt tward Ttal Sales Vlume (TSV), Trip Pints r qualificatins fr prmtins. Qualificatins and Incme The fllwing pages utline the incme, benefits and the qualificatins necessary t btain each title listed belw: New Recruit Cnsultant Star Cnsultant Leader Star Leader Directr Executive Directr Star Executive Directr 2

3 New Recruit - Qualificatins and Benefits 18 years r lder A citizen r permanent resident f the United States Have a valid scial security number Must have read and agreed t the Vantel Pearls Cnsultant Agreement Maintain a valid credit card n file Purchased a Vantel Pearls Cnsultant Starter kit Have three dated party bkings within the first 35 days Have access t the internet and have an address Active Recruit - Qualificatins An Active Recruit is ne wh has submitted $500 r mre persnal Ttal Sales Vlume (TSV) ver every tw mnth rlling perid. Cmmissins An Active Recruit may earn: 25% f persnal Cmmissinable Vlume (CV) (Jewelry Sales) Active Recruits are eligible t receive: 2% Spnsrship Override n the mnthly CV (Jewelry Sales) f the Recruits/Cnsultants yu Persnally Spnsr. T receive this Override, yu must have a mnthly persnal TSV f $250 r mre. The 2% Override is available n CV (Jewelry Sales) f 1st Level Recruits. 40% Discunt n Persnal Jewelry Purchases 3

4 Cnsultant - Qualificatins & Benefits Cmmissins A Cnsultant may earn: 25% f persnal CV (Jewelry Sales) r 30% f CV (Jewelry Sales) when their mnthly persnal TSV is $4,000 r mre. Cnsultants are eligible t receive: 2% Spnsrship Override n the mnthly CV (Jewelry Sales) f the Cnsultants yu Persnally Spnsr. T receive this Override, yu must have a mnthly persnal TSV f $250 r mre. The 2% Override is available n CV (Jewelry Sales) f 1st Level Recruits. 40% Discunt n Persnal Jewelry Purchases Overrides are payable each mnth these requirements are met. A Persnally Spnsred Active Cnsultant is anyne yu persnally brught int the business wh submits $250 r mre in persnal Ttal Sales Vlume (TSV) in a calendar mnth r $500 r mre persnal Ttal Sales Vlume (TSV) ver every tw mnth rlling perid. 4

5 Star Cnsultant - Qualificatins & Benefits Requirements t Prmte t Star Cnsultant T becme a Star Cnsultant, yu must achieve the fllwing in a given mnth: $500 r mre in persnal TSV (ttal sales vlume). $2,000 r mre team TSV. This includes yur persnal TSV. Have at least 2 Persnally Spnsred Active Cnsultants in yur 1st Level. Cmmissins Star Cnsultants may earn: 25% f their persnal CV (Jewelry Sales) r 30% f persnal CV (Jewelry Sales) when their mnthly persnal TSV is $4,000 r mre. Star Cnsultants are eligible t receive: 4% additinal verride n mnthly persnal CV (Jewelry Sales) 4% additinal verride n 1 st level mnthly CV (Jewelry Sales) 40% Discunt n Persnal Jewelry Purchases 2 Persnally Spnsred Active Cnsultants Mnthly requirements t receive Star Cnsultant Override: $500 r mre in persnal TSV per mnth $2,000 r mre team TSV per mnth. This includes yur persnal TSV. 2 Persnally Spnsred Active Cnsultants r mre in yur 1 st level Overrides are payable each mnth these requirements are met. 5

6 Leader - Qualificatin and Benefits Requirements t prmte t Leader: T becme a Leader, yu must achieve the fllwing in a given mnth: $1,000 r mre in mnthly persnal TSV. $4,000 r mre team TSV. This includes yur persnal TSV. Have at least 3 Persnally Spnsred Active Cnsultants in yur 1st Level. Qualified Leader A Qualified Leader is ne wh has 3 Persnally Spnsred Active Cnsultants and wh has submitted at least $1,000 Mnthly Persnal TSV and met the minimum Mnthly Team Sales requirement f $4,000 TSV Cmmissins A Leader may earn: 25% f their persnal CV (Jewelry Sales) r 30% f persnal CV (Jewelry Sales) when their mnthly persnal TSV is $4,000 r mre. CV (Jewelry Sales) 3 Persnally Spnsred Active Cnsultants Leaders are eligible t receive: 7% ADDITIONAL Override n mnthly persnal CV (Jewelry Sales) 7% Override n 1st Level mnthly CV (Jewelry Sales) 4% Override n 2nd Level mnthly CV (Jewelry Sales) 1% Override n 3rd Level mnthly CV (Jewelry Sales) 40% Discunt n P Persnal Jewelry Purchases Mnthly requirements t receive Override: $1,000 r mre in persnal TSV per mnth. $4,000 r mre team TSV. This includes yur persnal TSV. 3 Persnally Spnsred Active Cnsultants r mre per mnth in yur 1st level. Overrides are payable each mnth these requirements are met. 6

7 Star Leader Qualificatins and Benefits Requirements t Prmte t Star Leader T becme a Star Leader, yu must achieve the fllwing in a given mnth: Have $1,000 r mre in mnthly persnal TSV. Have $8,000 r mre team TSV per mnth. This includes yur persnal TSV. Be a Qualified Leader and have at least 3 Persnally Spnsred Active Cnsultants in Level 1. Have at least 1 Qualified Leader in yur 1 st Level. Cmmissins Star Leaders may earn: 25% f their persnal CV (Jewelry Sales) r 30% f persnal CV (Jewelry Sales) when their mnthly persnal TSV is $4,000 r mre. Star Leaders are eligible t receive: 8% ADDITIONAL Override n persnal mnthly CV (Jewelry Sales). 8% Override n 1st Level mnthly CV (Jewelry Sales). 4% Override n 2nd Level mnthly CV (Jewelry Sales). 2% Override n 3rd Level mnthly CV (Jewelry Sales). 40% Discunt n Persnal Jewelry Purchases 1 Qualified Leader in Level 1 Mnthly requirements t receive Override: $1,000 r mre in persnal TSV per mnth. $8,000 r mre team TSV per mnth. This includes yur persnal TSV 3 Persnally Spnsred Active Cnsultants r mre per mnth in yur 1st level. 1 Qualified Leader r mre in yur 1st level. Overrides are payable each mnth these requirements are met. 7

8 Directr - Qualificatins and Benefits Requirements t Prmte t Directr T becme a Directr, yu must achieve the fllwing in a given mnth: Have $1,000 r mre in mnthly persnal TSV. Have $15,000 r mre team TSV per mnth. This includes yur persnal TSV. Be a Qualified Leader and have at least 3 Persnally Spnsred Active Cnsultants Have at least 2 Qualified Leaders (ne must be in Level 1). Cmmissins Directrs may earn: 25% f their persnal CV (Jewelry Sales) r 30% f persnal CV (Jewelry Sales) when their mnthly persnal TSV is $4,000 r mre. Directrs are eligible t receive: 9% ADDITIONAL Override n mnthly persnal CV (Jewelry Sales). 9% Override n 1st Level mnthly CV (Jewelry Sales). 4% Override n 2nd Level mnthly CV (Jewelry Sales). 2% Override n 3rd Level mnthly CV (Jewelry Sales). 2 Qualified Leaders; 1 must be in Level 1 A One-Time Perfrmance Bnus f $500 fr prmting t Directr. (After 3 cnsecutive qualifying mnths.) 40% Discunt n Persnal Jewelry Purchases Mnthly requirements t receive Override: $1,000 r mre in persnal TSV (ttal sales vlume) per mnth. $15,000 r mre team TSV per mnth. This includes yur persnal TSV. 3 Persnally Spnsred Active Cnsultants r mre in yur 1st level. 2 Qualified Leaders At least 1 Qualified Leader must be in yur 1 st level. Overrides are payable each mnth these requirements are met. 8

9 Executive Directr Qualificatins and Benefits Requirements t Prmte t Executive Directr T becme an Executive Directr, yu must achieve the fllwing in a given mnth: Have $1,000 r mre in mnthly persnal TSV. Have $25,000 r mre team TSV per mnth. This includes yur persnal TSV. Be a Qualified Leader and have 3 r mre Persnally Spnsred Active Cnsultants in Level 1 Have at least 4 Qualified Leaders with tw (2) Qualified Leaders frm yur 1 st Level Cmmissins Executive Directrs may earn: 25% f their persnal CV (Jewelry Sales) r 30% f persnal CV (Jewelry Sales) when their mnthly persnal TSV is $4,000 r mre. 4 Qualified Leaders; 2 must be in Level 1 Executive Directrs are eligible t receive: 9% ADDITIONAL Override n mnthly persnal CV (Jewelry Sales) 9% Override n 1st Level mnthly CV (Jewelry Sales) 4% Override n 2nd Level mnthly CV (Jewelry Sales) 2% Override n 3rd Level mnthly CV (Jewelry Sales) 1% Override n 4th Level mnthly CV (Jewelry Sales) 40% Discunt n Persnal Jewelry Purchases A ne-time Career Bnus f $1,000 fr prmting t Executive Directr after 3 cnsecutive qualifying mnths. Mnthly requirements t receive Override: $1,000 r mre in persnal TSV (ttal sales vlume) per mnth. $25,000 r mre team TSV per mnth. This includes yur persnal TSV. 3 Persnally Spnsred Active Cnsultants r mre in yur 1st Level. 4 Qualified Leaders r mre; at least 2 in yur 1st level. Mnthly Ttal Team Sales Bnuses: Qualified Executive Directrs earn a $600 Bnus every mnth their Pay Level Team Sales are $60,000 r mre in TSV, and they have met the Override requirements listed abve fr an Executive Directr. Persnal Sales are included in Pay Level Team Sales. 9

10 Star Executive Directr Qualificatins and Benefits Requirements t Prmte t Star Executive Directr T becme a Star Executive Directr, yu must achieve the fllwing in a given mnth: Have $1,000 r mre in mnthly persnal TSV. Have $35,000 r mre team TSV per mnth. This includes yur persnal TSV. Be a Qualified Leader and have 3 r mre Persnally Spnsred Active Cnsultants Have 6 Qualified Leaders in their pay levels; 3 must be frm yur 1 st Level Cmmissins Star Executive Directrs earn: 25% f their persnal CV (Jewelry Sales) r 30% f persnal CV (Jewelry Sales) when their mnthly persnal 6 Qualified Leaders; 3 must be in Level 1 TSV is $4,000 r mre. Star Executive Directrs are eligible t receive: 11% ADDITIONAL Override n mnthly persnal CV (Jewelry Sales). 11% Override n 1st Level mnthly CV (Jewelry Sales). 6% Override n 2nd Level mnthly CV (Jewelry Sales). 3% Override n 3rd Level mnthly CV (Jewelry Sales). 1% Override n 4th Level mnthly CV (Jewelry Sales). 40% Discunt n Persnal Jewelry Purchases A ne-time Career Bnus f $2,000 fr prmting t an Executive Directr after 3 cnsecutive qualifying mnths. Mnthly requirements t receive Override: $1,000 r mre in persnal TSV (ttal sales vlume) per mnth. $35,000 r mre team TSV per mnth. This includes yur persnal TSV. At least 3 Persnally Spnsred Active Cnsultants in yur 1st Level. At least 6 Qualified Leaders; 3 must be in yur 1st Level. Mnthly Ttal Team Sales Bnuses: Qualified Star Executive Directrs earn an $800 Bnus every mnth their Pay Level Team Sales are $80,000 r mre in TSV, and they have met the Override requirements listed abve fr a Star Executive Directr. Persnal Sales are included in Pay Level Team Sales. 10

11 Definitins: Fr yur cnvenience, belw are several terms used in this. There are additinal terms and definitins in Vantel Pearls Cnsultant Wrkbk. Active Cnsultant An Active Cnsultant is ne wh has submitted $500 r mre Persnal Ttal Sales Vlume (TSV) ver a tw mnth rlling perid. Cmmissinable Vlume (CV): All Jewelry Retail Sales are cmmissinable. Cmpressin: Cmpressin is a Vantel Pearls Career Plan feature designed t insure that qualifying upline Leaders receive the maximum pssible dwnline level verrides based upn dwnline perfrmance. Cmpressin ccurs when the plan autmatically mves a lwer dwnline level Qualified Leader up int a higher dwnline level psitin (if a higher dwnline Leader in that dwnline leg des nt qualify) s that the qualifying upline Leader receives the highest pssible verride payment based n their perfrmance. Example: 1. If yu have a Leader in a dwnline/leg, that Leader will cmpress t a Level 1 Leader fr prmtin and maintenance qualificatins nly. Yu earn verride n their actual pay level. 2. If yu have a Level 1 Leader wh fails t qualify as a Leader and there is a Leader in the same dwnline/leg, that Leader will cmpress t a Level 1 Leader fr prmtin and maintenance qualificatins nly. Yu earn verride n their actual pay level. Dwnline Cnsultants wh are persnally spnsred by a Cnsultant and her team f Cnsultants are referred t as a Dwnline r preferably Success Line. First Level, Secnd Level, etc. When yu persnally spnsr a Cnsultant, they are yur first level. Cnsultants spnsred by yur first level are in yur secnd level, etc. 11

12 Inactive Cnsultant An Inactive Cnsultant is ne wh has submitted less than $500 in Persnal TSV ver tw rlling mnths. After 3 mnths f inactivity, Oysters must be returned t the Hme Office. Leave f Absence: Cnsultant Leave: Vantel Pearls allws all Cnsultants a tw mnth Leave f Absence. A Leave f Absence must be requested in writing and must be apprved by the Vantel Pearls Hme Office 10 days prir t the Leave. Vantel Pearls reserves the right t accept r deny a Leave f Absence and ask fr a temprary Oyster Recall. New Recruit A New Recruit is an individual wh has cmpleted a Vantel Pearls Applicatin and Bking Reprt, has accepted the Vantel Pearls Cnsultant Agreement, Plicies and Prcedures and, has a valid credit card n file, and purchased a Vantel Pearls Cnsultant Starter kit. A Recruit is cnsidered an Active Recruit if their Start date/applicatin date is within the current calendar mnth r has $500 r mre in persnal TSV within the last tw calendar mnths Override: A sales cmmissin paid n the mnthly CV (Jewelry Sales) submitted by yu and Cnsultants spnsred by yu and thers in yur pay level team each mnth yu achieve yur Title requirements. OllieNet: OllieNet is Vantel Pearls secured n-line rder entry, inventry, cmmissins, and sales prprietary sftware reprting tl. Persnally Spnsred Active Cnsultant A Persnally Spnsred Active Cnsultant is anyne yu persnally brught int the business wh submits $500 r mre in persnal Ttal Sales Vlume (TSV) ver a tw mnth rlling perid. Qualified Leader A Qualified Leader is ne wh has 3 Persnally Spnsred Active Cnsultants and wh has submitted at least $1,000 Mnthly Persnal Ttal Sales Vlume and met the minimum Mnthly Team Sales requirement f $4,000. Rll Up If yur Persnally Spnsred Cnsultant r Persnally Spnsred Leader leaves the business, their dwnline will rll up t the next level, but will NOT cunt as a Persnally Spnsred Cnsultant. Title Maintenance: Yur Title is based upn yur highest Paid As Rank. Yur Title will be maintained as lng as all qualificatins fr the Title are met. If yur Paid As Title has nt been maintained fr 4 cnsecutive mnths, yur title will be adjusted t the actual perfrmance level Title yu achieve in the 5 th mnth. Prmtins t the next Title can always ccur in real time, based upn achieving qualificatins f that Title in the given mnth. Ttal Sales Vlume (TSV): Ttal Sales Vlume is the cmbinatin f all rders submitted n OllieNet. All cntests, bnuses and rewards are based n this amunt. Cnsultant discunt rders and samples are nt included in TSV. 12

13 Frequently Asked Questins: 1. When d I begin t receive Cmmissins as a New Recruit? a. Yur earnings begin with yur first submitted party. 2. Hw d I enter my banking infrmatin t receive my cmmissins? a. All cmmissins are paid via Direct Depsit. Direct Depsit bank infrmatin must be entered int OllieNet in rder fr yu t receive yur Cmmissins n sales. b. Lg in t the Vantel Pearls Website, click Enter OllieNet > My OllieNet Accunt>Hme Office Prfile Update > and enter pertinent banking infrmatin under Earnings Payment Methd. 3. Are there business expenses deducted frm a Cnsultant s cmmissin? a. The great news is that there are n majr expenses fr ur regular Hstess Free Gift Prgram. b. There is a $5 deductin each time yu redeem a $25.00 Bking Certificate. 4. I meet the requirements fr a title prmtin. When will the increased verrides begin? a. In the first mnth that all requirements are met. 5. D I get paid an Override n Cnsultants wh sell less than the amunt required fr them t receive an Override r Bnus? a. Yes. If yu qualify t receive an Override, yu are paid n all CV sales in the levels fr which yu qualify. 6. If ne f my Persnally Spnsred Cnsultants resigns, d her Cnsultants mve up t me? a. Yes. They wuld rll up t yur 1st level. Yu receive verrides n all f their CV sales, hwever they d nt cunt as a Persnally Spnsred Active Cnsultant. 7. If a Cnsultant mves up t my 1st level because her Spnsr resigns, des she cunt as ne f my 1st level Cnsultants t help me qualify fr Overrides? a. N, she will nt cunt as an Active Persnally Spnsred Cnsultant, but her sales will cunt tward verrides. 8. If I spnsr a frmer Cnsultant wh has resigned, will she cunt as a new Cnsultant fr me? a. Yes, prvided the fllwing stipulatins are met: i. The Cnsultant has been ut f Vantel Pearls fr at least six mnths. ii. The Cnsultant has purchased a new kit and cmpleted all related paperwrk as a new Cnsultant. iii. The Cnsultant is in gd standing with Vantel Pearls. 9. If I dn t qualify fr a particular level in ne mnth, hw am I paid? a. Yu are paid at the level yu qualify fr in that given mnth. 13