If you like to explore new opportunities from new Ground Floor MLM companies then you are in right place. In this article, I will be sharing VeloVita Compensation Plan to make money by selling nutrient supplements products or energy drink products.
Beginners can also easily understand Velovita ranks and the joining process. Along with commission, there are member rewards based on sales & team performance.
|VeloVita Compensation Plan|
After the 2020 covid-19 pandemic many healthcare companies started to implement MLM to promote their business. Some of them are showing immense growth due to their quality products, while some of them are shut down quickly due to fake products & pyramid schemes.
The Compensation Program includes different types of income, incentives, and bonuses a member can get based on their sales & downline turnover.
In this article, I will try to put all that details in the simplest form to understand clearly.
In this article, you will know about,
- About Compensation plan
- All Ranks & Bonuses
- Joining Process and fees
- and, many more
Wait before that, Do you want to know whether the company Is a legit MLM company or not? Don’t worry you can read our honest VeloVita Review and get detailed information about the company, products, owner, and more.
So, let’s get started.
VeloVita Joining Process & Membership Cost
The Joining process in VeloVita is simple by using the online registration signup form from the website. Becoming a member is not free, you need to purchase their V-Cloud Membership by paying $49.95 amount per year.
So, It will cost $49.95 to join Velovita.
V-Cloud Membership includes tracking codes on products, stats, downline information, earning reports, reward reports, and resources for selling products.
YOUR V-CLOUD MEMBERSHIP will provide you access to the following resources:
- E-commerce website for social selling
- Replicated website for Member enrollments
- Marketing collateral & training
- Access to sales and commission reports
- Member & Customer service support
But, for recruiting others and earning commission you at least need to retail products of 100 BV Points. Basically, you need to sell products to at least 3 retail customers.
By this, you will be eligible to build your referral team and earn a commission.
Here are the details of the product packs for new referral members levels:
- Apprentice Level – The company offers a variety of options for their product choices, but this level requires 100 BV points along with the V-Cloud purchase to qualify.
- Promoter Level – The company offers a variety of options for their product choices, but this level requires 200 BV points along with the V-Cloud purchase to qualify.
- Influencer Level – The company offers a variety of options for their product choices, but this level requires 400 BV points along with the V-Cloud purchase to qualify.
- Ambassador Level – The company offers a variety of options for this product pack, but this level requires 800 BV points along with the V-Cloud purchase to qualify.
To qualify for the minimum 100 BV for the Apprentice level, I’ve calculated it out to having to spend a minimum of $234.80 minus tax and shipping to start.
For Customers, the minimum cost for 1 box of Bran or the other products (according to the website) is $79.95 at the retail cost.
Velovita Company has 6 types of Affiliates Rank under its Compensation plan. Based on product sales turnover & recruiting other members into the company user will fall into 6 types of rank.
Here is the table of requirements for each position of rank.
|Affiliate||Sign up with VeloVita||MLM commissions|
|Star||Recruit 2 MLM commission affiliates||10 residual commission cycles per week|
|All Star||Recruit 4 MLM commission affiliates with one Star or higher affiliate on sides of the binary team||50 residual commission cycles per week|
|Rock Star||Maintain 4 personally recruited affiliates with one Star or higher affiliate on sides of the binary team||50 residual commission cycles per week|
|Super Star||Maintain 4 personally recruited affiliates with 4 Star or higher affiliates on sides of the binary team||150 residual commission cycles per week|
|V Star||Maintain 4 personally recruited affiliates with 4 Rock Star or higher affiliates on sides of the binary team||500 residual commission cycles per week|
To get commission it is compulsory for every new member to hire at least 2 associates and retain 3 retail customers.
VeloVita Compensation Plan
As per the latest release, Velovita Compensation Plan has 7 ways to make money from the company.
- Retail Commission
- Referral Commission
- Residual Commissions
- Matching Bonus
- Lifestyle Bonus
- Quarterly Partnership Bonus
- 5 Year Retirement Bonus
Below are the details about each member's reward and commission.
1. Retail Commission
Like any other compensation plan, the retail commission is the difference between the distributor's price and the retail MRP Price of the product. Basically, you can earn a small amount of profit on the difference between the price you get and your sale.
2. Referral Commission
You earn commission while recruiting members into the company by activating their account with a purchase of a minimum of one product box.
- Apprentice level Associate will receive a 10% referral commission.
- Promoters level Associate will receive a 10% referral commission.
- Influential level Associates will receive a 15% referral commission.
- Ambassadors level Associate will receive a 20% referral commission.
3. Residual Commissions
The residual commission follows a binary income structure up to 7 Levels when the downline generates sales.
The remaining commissions are paid per cycle. When the 200 GV sales on the weaker side match the 400 GV on the strong side, it means that it follows a 1:2 ratio. By this it will create one cycle.
The Company Pays $30 per cycle on Star Rank. Weekly residual commissions are limited based on rank.
Here is the chart of commissions that can be earned weekly from the company.
|1.||Star||$6000 for 200 cycles|
|2.||All Star||$12,000 for 400 cycles|
|3.||Rock Star||$27,000 for 900 cycles|
|4.||Super Star||$54,000 for 1800 cycles|
|5.||V Star||$1,20,000 for 4000 cycles|
4. Matching Bonus
Matching Bonus is based on Team Commission earned by Members you personally enroll, and then the Members that they personally enroll, up to 7 levels. In this income, the company will pay a commission from 5% to 9%.
|Rank||Level 1||Level 2||Level 3||Level 4||Level 5||Level 6||Level 7|
5. Lifestyle Bonus
Lifestyle bonuses are the extra amounts that the company pays on weekly basis to star and high-ranking members.
6. Quarterly Partnership Bonus
In Quarterly partnership income, Company will give the 1% of the company’s turnover to the eligible V-Star members only in a 12-week cycle.
As per the company -
With our incredible Quarterly Partnership Bonus, at the rank of V-Star, you will qualify to receive shares of a partnership pool of 1% of Velovita’s global volume every 12 weeks! You only need to qualify 6 times in the 12-week period for this exclusive Member Reward.
7. 5-Year Retirement Bonus
Members who have been active for 5 years or longer, regardless of rank achieved, will be able to retire with no annual renewal or Personal Business Volume (PBV) requirements and continue to receive their commissions.
Retirees will be paid based on their structure and volume each week based on the Member Rewards Plan. Velovita Company does not guarantee payments based on team performance.
You can also read about Life Activated Brands Review an another CBD MLM opportunity or scam.
Now, finally time for a short conclusion.
I hope you understood the Velovita Compensation plan as there are many types of income based on ranks, new members joining commissions, cycle income, weekly income, and so on.
Isn't it complicated to understand, Right?
I tried to put all these details in tabular format for better understanding. So I hope you found this article about Compensation Plan and Joining details helpful.
Again, before joining make sure you do proper research on their products and reviews.
Please share these articles with those Who Are interested in such types of companies.
Now, your turn to provide your input on this topic.
Are you already a member or partner?
What is your review of this plan?
Let me know in the comment now.
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