QNET Compensation Plan & FAQs 2014 [EN]

Page 1


2

COMPENSATION PLAN

COMPENSATION 8 WAYS TO EARN Q1

RETAIL PROFIT

Q2

FIRST PURCHASE PROFIT

Q3

EARLY PAYOUT

Q4

STEP COMMISSION

Q5

REPEAT SALES POINTS

Q6

RANK ADVANCEMENT BONUS

Q7

YEAR-ROUND REWARDS

Q8

OTHER INCENTIVES

Because our universal community of customers and distributors are our most important asset, QNET offers the most dynamic and innovative compensation plan in the global direct selling profession. With 8 ways to earn and up to 50% of the sales paid out in commissions, QNET is a powerfully rewarding, unlimited opportunity! QNET leverages today’s most effective form of distribution relationship marketing. With this person-to-person approach backed by a world-class eCommerce platform, you can share the borderless benefits of the QNET independent business opportunity with others in your neighbourhood, your country, or anywhere around the world… and be rewarded for doing so. Your income is based on your sales and the product sales of those in the organisation you help create. QNET is one of Asia’s leading direct selling companies. We provide borderless opportunities through our eCommerce platform to everyday people in more than 100 countries.


COMPENSATION PLAN

BUILD A SOLID FOUNDATION FOR YOUR BUSINESS THROUGH SALES OF QNET PRODUCTS & SERVICES. Q1 RETAIL PROFIT Selling QNET products to your Retail Customers is the cornerstone of a solid foundation for your business. When you refer a Retail Customer who purchases products from the Company, you receive the Retail Profit, which is the difference between your customer’s Retail Price and your discounted price as an Independent Representative (IR). An IR could immediately start earning Retail Profits from purchases of his/her Retail Customers. The IR is not required to make any product purchase to start earning the Retail Profit.

Q2 FIRST PURCHASE PROFIT As a Referrer, you will receive the First Purchase Profit from the first qualifying purchases made by your new personally referred IR. The First Purchase Profit is the difference between the price of a new IR’s first qualifying purchase (made at Retail Price) and your IR Discounted Price.

3


THE PATH TO IMMEDIATE CASH IS QNET EARLY PAY. Q3 EARLY PAYOUT The Early Payout applies only to the IR’s Primary Tracking Centre 001, Cycle 1, Step 1 and is paid according to the Commission Schedule. It’s a powerful way to get fast cash!


COMPENSATION PLAN

THE KEY TO SUCCESS IS TO EARN THE POWERFUL STEP COMMISSION... Q4 STEP COMMISSION The Step Commission is another pillar of QNET’s compensation plan. As a new IR, your focus will be on developing a base of customers and on helping your downlines generate volume through sales. The Step Commission is calculated based on BV accumulated from the purchase of products made by Customers or IRs. You will be compensated based on successfully building sales volume within your organisation. Your uplines may also place IRs in your organisation. As your group begins to grow, you are entitled to receive weekly commissions based on the volume generated by your group downlines and the allowable commission amounts per Tracking Centre determined by your active rank.

Q5 REPEAT SALES POINTS (RSP) From every sale of Repeat Products from the QNET eStore to a Retail Customer or Direct Referral, you and your active Direct Referrer up to four (4) levels will earn the designated points, which can be converted into either cash or Business Volume (BV). Repeat Sales Points are automatically computed and you can easily manage them in your Virtual Office.

5


6

COMPENSATION PLAN

...AND HELP OTHERS TO EARN IT BY EXPANDING YOUR QNET ORGANISATION.

Q6 RANK ADVANCEMENT BONUS With Rank Advancement in the Step Commission, you can be rewarded with up to USD 60,300 in cash plus eVoucher Points per week. As you grow and advance in rank, the amount paid per step increases, the number of weekly steps allowed increases, and the maximised weekly payout can be achieved. It pays to grow!


COMPENSATION PLAN

ENJOY THE EXCITEMENT OF YEAR-ROUND REWARDS AND TRAVEL INCENTIVES THAT RECOGNISE YOUR ACHIEVEMENTS. Q7 YEAR-ROUND REWARDS One of the most exciting ways to earn is with special cash and business incentives for you and your organisation, periodic discounts on best-selling products, and more! Interesting and meaningful promotions spark growth, fuel volume, and capture the imaginations of QNET IRs within the QNET online shopping and business community. Another exciting reward gives you access to some of QNET’s most popular products through the points you generate from your product sales and purchases! The QNET eVoucher is awarded every time you complete your Step Commission Cycle, allowing you to earn and accumulate eVoucher Points (EP) that are your currency for products in the QNET Redemption eStore. Here, your EP can be used to claim big-ticket items! There’s always something fresh, new and fun with Year-Round Rewards.

Q8 OTHER INCENTIVES Life is to be enjoyed, and important milestones deserve to be recognised. To help you savour the journey, the rich experience of travel and cash are the crown jewels in the QNET compensation plan. Enjoy some of the world’s most exciting and exotic destinations with the QNET Annual Reward Trips and cash incentives. Either take some well-deserved time out, embark on an adventure or use your trips as a business opportunity to grow your borderless organisation.

7


8

COMPENSATION PLAN

GETTING STARTED IS SIMPLE. ENROL, QUALIFY, ACTIVATE, AND MAXIMISE BY HELPING OTHERS TO DO THE SAME IN YOUR QNET ORGANISATION. ENROL

Enrol online through www.qnet.net through your Direct Referrer’s own Personal Website (QNET Life Site*) or through the QNET Mobile, a mobile app where you can enrol and do your first purchase all in six simple steps. Simply pay for your one-year IRship Package, which includes your online Business Planner and Product Portfolio and an array of multimedia presentations, videos and brochures. You also receive annual access to your own proprietary Virtual Office where you can organise, manage, and monitor your business; access to the QNET eStore for your product sales and purchases; and various new and exciting business, marketing and eCommerce tools to help you boost, promote, grow, utilise, capitalise and understand your QNET business! Once you enrol, you will be granted three (3) Tracking Centres (TCs). These business centres are the foundation of your placement tree.

QUALIFY

Qualify at least one (1) of your Tracking Centres with 500 qualifying BV by selling products to a Retail Customer or making a Personal Purchase.

ACTIVATE

To activate means that a Qualified IR has to achieve a minimum 500 BV on each side of any of his/her Tracking Centres through Personal Sponsorship. There are three (3) ways to activate: • • •

Retail Sales – All products are purchased by the Retail Customer but corresponding BV is allocated to Referrer’s Tracking Centres. Combination of Sales and Purchases – The combination of BV from Directly Referred Retail Customer’s Purchase and Directly Referred Qualified IR’s Purchase allocated to your Tracking Centres. Personal Sponsorship – Place at least one (1) Qualified Direct Referral under each side of any of your Tracking Centres.

MAXIMISE

Move to action as you build and lead an organisation of people who share the same dreams and goals as you. By progressing through the QNET Star Ranks, you can maximise your earnings and enjoy a richer and fuller lifestyle as a member of the growing QNET universal community! *Available in the QNET eStore, QNET Life Site is a powerful, personal online web tool to help you harness the potential of online marketing with approved QNET content.


COMPENSATION PLAN

TERMINOLOGIES INDEPENDENT REPRESENTATIVE (IR)

A person who has enrolled to build a business organisation by selling products and referring others.

ENROL

To register as an IR in the QNET business with a one-year IRship Package.

QUALIFIED IR

An IR who has at least one (1) Tracking Centre (TC) with the minimum qualifying 500 BV.

ACTIVATED IR

A Qualified IR who has achieved and allocated a minimum of 500 qualifying BV on each side of any of his/her Tracking Centres (TCs) through Personal Sponsorship.

ACTIVE IR

Any IR who achieves a minimum of 120 BV per quarter from his/her retail sale or purchases of repeat products for personal consumption from the QNET eStore.

REFERRER

An IR who refers Retail Customers or other IRs by helping them to become IRs of QNET.

RETAIL CUSTOMER

Someone who purchases products from QNET but does not enrol to be an IR.

BUSINESS VOLUME (BV)

The point value of a product used to qualify Tracking Centres (TCs) and calculate Step Commissions.

GROUP REPEAT BUSINESS VOLUME (GRBV)

Business Volume (BV) earned from the repeat product sales made by your downlines within your network.

QUALIFY PRODUCTS

The goods and services that are offered for sale to Retail Customers and IRs from the QNET eStore. IRs earn a certain amount of BV that is used for the qualification of his/her TC, upon purchase of the Qualify Products.

REPEAT PRODUCTS

The goods and services that are offered for sale to Retail Customers and IRs from the QNET eStore on a recurrent basis. IRs earn a certain amount of BV and RSP upon purchase of repeat products.

REPEAT SALES POINTS (RSP)

Points earned by IRs from retail sales and purchases of repeat products. Upon purchase of repeat products, the IR and his/her direct referrers up to five (5) levels, including his/her own, will receive RSP. These are convertible into cash or Business Volume (BV).

eVOUCHER POINTS (EP)

Points earned at every Step 6 of any given Commission Cycle, redeemable for products in the QNET Redemption eStore.

9


10

COMPENSATION PLAN

BONUS SUMMARY BONUS

WHAT YOU RECEIVE

Q1 RETAIL PROFIT

• Sell QNET products to your friends and neighbours at Retail Price and keep the difference.

• Become a QNET Independent Representative (IR).

• Receive the profit on the first order at Retail Price by a new personally referred IR.

• Personally refer a new IR who makes their initial purchase at Retail Price.

• Receive up to USD 200 according to the Commission Schedule.

• Become a QNET IR.

Q2 FIRST PURCHASE PROFIT

Q3 EARLY PAYOUT

WHAT IS REQUIRED

• Qualify and Activate your Tracking Centres (TCs). • Apply to only Primary TC Cycle 1, Step 1.

Q4 STEP COMMISSION

Q5 REPEAT SALES POINTS

Q6 RANK ADVANCEMENT BONUS

Q7 YEAR-ROUND REWARDS

Q8 INCENTIVES

• Receive weekly commissions based on the volume generated on your lower-volume leg on the allowable commission amounts per Tracking Centre determined by your active rank.

• Qualify and Activate all of your Tracking Centres (TCs).

• From every sale of a Repeat product from the QNET eStore to a Retail Customer or Direct Referral, the IR and the active Direct Referrer up to four (4) levels will earn the designated Repeat Sales Points (RSP), which can be converted into either cash or Business Volume (BV).

• Achieve 120 PBV Quarterly Maintenance from repeat sales.

• Maximise your commissions up to USD 60,300 per week through growth in volume and Direct Referrals.

• As you advance in rank, the amount paid per step increases, the number of weekly steps allowed increases, and the maximised weekly pay out can be achieved.

• Develop leadership skills.

• Have Retail Customers and Direct Referrals who purchase Repeat products from the QNET eStore. • Manage your Repeat Sales Points (RSP) through your Virtual Office.

• Earn rewards, points and incentives tied to regular and ongoing product promotions and cash incentives.

• Learn and achieve the requirements for promotions/ incentives.

• Earn travel and cash incentives with recognitions associated with Rank Advancements.

• Build and grow your network to result in Rank Advancements and leadership development.


COMPENSATION PLAN

REWARDS AND RECOGNITION STAR RANKS TITLE

ENTITLEMENTS

BRONZE STAR

• •

Bronze Star eBadge Rank Recognition eCertificate

SILVER STAR

• •

Silver Star eBadge Rank Recognition eCertificate

• • • • •

Gold Star eBadge Gold Star Pin* Rank Recognition eCertificate Regional Events Recognition Name to appear in the ‘Gold Stars’ section in the Achievers’ Club Microsite in the Virtual Office

• • • • • •

Platinum Star eBadge Platinum Star Pin Rank Recognition eCertificate Local/Regional Events Recognition V-Con Stage Recognition Name to appear in the ‘Platinum Stars’ section in the Achievers’ Club Microsite in the VO 6 months free QNET Life Site Subscription Personal phone call from QNET Managing Director Featured page in QNET Recognition ePublication Platinum Star Destination Travel for two* One-time Cash Bonus*

GOLD STAR

PLATINUM STAR

DIAMOND STAR

• • • • • • • • • • • • • • • •

Diamond Star eBadge Diamond Star Pin Rank Recognition eCertificate Local/Regional Events Recognition V-Con Stage Recognition Name to appear in the ‘Diamond Stars’ section in the Achievers’ Club Microsite in the VO 12 months free QNET Life Site Subscription Personal phone call from QNET Executive Chairperson and QNET Managing Director Personalised Diamond Star documentary in QNET Recognition ePublication Diamond Star all-expenses paid VIP Destination Award Travel for two* One-time Cash Bonus*

*Terms and Conditions apply. Requires applicable payout rank maintenance.

11


12

COMPENSATION PLAN

REWARDS AND RECOGNITION ANNUAL REWARD TRIPS* PLATINUM STAR FLY-IN As a new QNET Platinum Star IR, you qualify for a destination trip for two including free airfare and hotel accommodations.

DIAMOND STAR AWARD TRAVEL Qualifying QNET Diamond Star IRs will enjoy an all-expense-paid trip for two to exciting destinations announced annually.

*Terms and conditions apply.


COMPENSATION PLAN

FAQs

QNET COMPENSATION PLAN

ENROL AS AN IR Q1.

What is an Independent Representative (IR)? Independent Representative or ‘IR’ is a person who has enrolled in QNET’s Compensation Plan to build a business organisation by selling products and referring others to become an IR.

Q2.

Can anyone enrol to become an IR? No. A person must be of legal age in his/her country to enrol as an IR.

Q3.

How can a customer enrol to become a QNET IR? A customer can enrol online to be a QNET IR through www.qnet.net.

Q4.

Is there any fee when enrolling as a QNET IR? QNET offers new IR an Annual IRship package worth USD 30 during enrolment; the annual IRShip package provides the following tools and access: • Online Business Planner & Product Portfolio • Access to your Virtual Office • Access to the QNET eStore • Business, marketing and eCommerce tools

Q5.

Is there any fee to renew the Representativeship annually? QNET offers the existing IR an Annual IRship package worth USD 30 on every IR’s Anniversary date to maintain his/her record, services and tools that have been provided since enrolment. The package includes the following: • Updated online Business Planner & Product Portfolio • Continuous Access to your Virtual Office • Continuous Access to the QNET eStore • Updated Business, marketing and eCommerce tools

Q6.

Can a customer enrol as an IR even without any Referrer? No. A customer must have a Referrer who is an existing QNET IR before he/she can enrol online as an IR through the QNET website. In the case that the customer does not know any Referrer, he/she may contact QNET office for an assignment of a referrer.

Q7.

How many Tracking Centres (TCs) does a new IR get upon enrolment? A new IR gets one (1) Primary TC 001 and two (2) Secondary TCs 002 and 003.

Q8.

Can a new IR immediately purchase any product from the QNET eStore upon enrolment? Yes.

Q9.

Upon enrolment, can the new IR avail of the IR discounted price on the first purchase of QNET products? IR can only avail of the IR’s discounted price on subsequent purchases after his first qualifying purchase.

Q10.

How can a new IR view and check his/her personal information, genealogy and other relevant information? A new IR has to log in to the Virtual Office with his/her IR Identification Number (IR ID No.) and password. IR Identification Number and password are created and confirmed during his/her enrolment.

13


14

COMPENSATION PLAN

FAQs

QNET COMPENSATION PLAN

QUALIFICATION OF TRACKING CENTRE Q1.

What is Tracking Centre ‘TC’? Tracking Centre, or ‘TC’, is the account granted to the IR upon enrolment that shows his/her position in the Company’s database. Commissions and/or bonuses are calculated with reference to each Tracking Centre.

Q2.

What is Business Volume ‘BV’? Business volume, or ‘BV’, is the point value assigned to each QNET product used for qualification of TC and basis for calculation of Step Commission.

Q3.

How can an IR qualify his/her TC? An IR can qualify his/her TC by achieving and allocating a minimum five hundred (500) BV each to any of his/her first three (3) TCs and a minimum of one thousand (1,000) BV to TC 004 and subsequent TCs. TRACKING CENTRE

REQUIRED QUALIFYING BV

001

500 BV

002

500 BV

003

500 BV

004 and Subsequent TCs

1,000 BV

Q4.

How can an IR achieve the required BV to qualify his/her TC? An IR can achieve the required qualifying BV by either selling QNET products to a retail customer or purchasing QNET products for personal consumption.

Q5.

Can an IR use the BV achieved from repeat sales to qualify his/her TC? Yes, an IR can accumulate a minimum of 500 BV from repeat sales to qualify his/ her TCs.

Q6.

Can an IR split 1,000 BV from retail sale or personal purchase of one (1) product and allocate 500 BV each to his two (2) TCs? Yes.

Q7.

Can an IR transfer BV to another IR to qualify a TC? No.

Q8.

Can an IR use the BV redeemed with earned RSP to qualify a TC? Yes, provided the minimum BV requirement per TC is fulfilled.

Q9.

Can the BV currently placed in the IR’s BV bank qualify the IR’s TC? No. The IR is required to allocate the BV to qualify any of his/her TCs.

Q10.

Will the BV from retail sale automatically qualify the TC of the referrer? No. The BV from retail sale will be stored to the BV Bank of the referrer. The referrer must allocate the BV from BV Bank to qualify a TC.


COMPENSATION PLAN

FAQs

QNET COMPENSATION PLAN

ACTIVATION OF TRACKING CENTRE Q1.

How can an IR activate his/her IRship? An IR must first Qualify his/her TC before Activation. A Qualified IR can activate his/ her TC by achieving and allocating a minimum of five hundred (500) BV on each side of any of his TCs.

Q2.

Can an IR use the BV from retail sale to activate his/her IRship? Yes, provided that the IR has fulfilled the required 500 qualifying BV allocated to each leg of the TC.

Q3.

Can the IR use the BV from his/her own purchase of QNET products to activate his/her IRship? Yes, provided that the IR has fulfilled the required 500 qualifying BV allocated to each leg of the TC.

Q4

Can an IR combine BV from retail sale and personal purchase of QNET products to activate his/her IRship? Yes, provided that the IR has fulfilled the required 500 qualifying BV allocated to each leg of the TC.

Q5.

Can an upline or referrer use the BV of his/her Qualified Direct Referrals to activate a TC? Yes.

Q6.

Can an IR allocate more than 500 BV to his/her Primary Tracking Centre (TC 001)? Yes. An IR can allocate more than 500 BV to TC 001 or any other TCs but he/she is not allowed to reallocate it to other TC extensions later on.

Q7.

Will an IRship be activated when two (2) Qualified Direct Referrals are placed in one leg of a TC? No.

Q8.

Can an IR activate his/her IRship without first qualifying the IRship? Yes, an IR can activate his TC but any BV from downline will not be counted to his/her GBV unless the IR is Qualified on the same week of the Activation.

Q9.

Can an IR qualify Secondary TC 002 or TC 003 before Primary TC 001? No. First purchase of product with 500 BV is automatically allocated and qualifies the Primary TC 001.

Q10.

Can IR move his Qualified Direct Referral from one side to another, in order to activate his/her TC? No. Change of placement is not allowed after the allowable grace period.

15


16

COMPENSATION PLAN

FAQs

QNET COMPENSATION PLAN

COMMISSION AND BONUSES Q1.

How can an IR earn from QNET Compensation Plan? An IR can earn in 8 Ways 1. Retail Profit 2. First Purchase Profit 3. Early Payout 4. Step Commission 5. Repeat Sales Points 6. Rank Advancement Bonuses 7. Year Round Rewards 8. Other Incentives

Q2. How can IR receive his/her earned commissions/bonuses? QNET pays the commissions/bonuses by crediting the amount to the IR’s Q Account. Q3.

What is Q Account? Q Account is an accounting record of the IR’s earned commission/bonuses accessible from IR’s Virtual Office (VO).

Q4.

What is retail profit? Retail Profit is a type of commission paid to the IR for selling QNET products to a retail customer. It is equivalent to the difference between the Retail Price and IR’s discounted price.

Q5. Does an IR need to be Qualified and Activated to earn the retail profit? No. An IR can immediately earn retail profit from retail sale upon successful enrolment. Q6.

When is the retail profit paid to the referrer? Retail profit is paid to the referrer on the corresponding commission week by crediting the amount to his/her Q Account.

Q7.

What is First Purchase Profit (FPP)? First Purchase Profit is the commission paid to the IR when his/her Qualified Direct referral made the first qualifying purchase of QNET products at retail price. It is equivalent to the difference between the Retail Price and IR’s discounted price.

Q8.

Does an IR need to be Qualified and Activated to earn the First Purchase Profit (FPP)? No. An IR can immediately earn First Purchase Profit (FPP) upon successfully referring a Qualified Direct Referral.


COMPENSATION PLAN

FAQs

QNET COMPENSATION PLAN Q9.

When is the First Purchase Profit (FPP) paid to the IR? First Purchase Profit (FPP) is paid to the IR on the corresponding commission week by crediting the amount to the IR’s Q Account.

Q10.

Can a Referrer earn the First Purchase Profit from the purchases of repeat products by his/her direct referrals with less than 500 BV? Yes

Q11.

What is Early Payout? Early Payout is a partial payment of the full Cycle 1, Step 1 commission paid in advance to the IR, amounting to USD 50 upon achieving a lower volume leg of 1,000 GBV under the Primary TC.

Q12.

How can an IR start earning the Early Payout? IR must be Qualified, Activated and achieve the required GBV in any of the Lower Volume Leg of the Primary TC.

Q13. What does Group Business Volume (GBV) mean? Group Business Volume is the total BV achieved from the left and right downline group. Q14.

How does the Early Payout work? The Early Payout only applies to a qualified and activated IR’s Primary TC (TC 001) in Cycle 1, Step 1 who achieves the required Group Business Volume (GBV) in any of the lower volume leg within the given time frame and is paid according to the Commission Schedule.

This illustrates Payout to IRs under Bronze Star Rank:

LOWER VOLUME LEG

EARLY PAYOUT

TIME FRAME

USD 50

IR must achieve the required lower-volume leg within the first 4 weeks from IR’s registration date.

1,000 BV

USD 50

IR must achieve the required lower-volume leg within the first 6 weeks from IR’s registration date.

1,000 BV

USD 100

N/A

1,000 BV

Q15.

Can the IR earn the Early Payout at Silver Star or Gold Star Rank? Yes, the Early Payout is paid according to the highest rank that the IR has achieved within the given time frame.

17


18

COMPENSATION PLAN

FAQs

QNET COMPENSATION PLAN Q16.

What is Step Commission? Step Commission is a commission paid to the Qualified and Activated IR for every 3,000 GBV that he/she achieved at the Lower Volume Leg.

Q17.

How much is the payout per Commission Step? The payout per commission step varies with the IR’s rank and Commission Level. From Step 1 to Step 5, the payout will be in a monetary value. At Step 6, the payout will be in eVouchers, which are equivalent to 10 eVoucher Points (EP) which is used to redeem exclusive products in the QNET Redemption eStore. Please refer to the table below.

STEP

BUSINESS VOLUME IN ANY LOWER VOLUME LEG (BV)

1

3,000 BV

2

RANK BRONZE STAR

PLATINUM STAR

DIAMOND STAR

USD 200 USD 225 USD 250

USD 275

USD 300

3,000 BV

USD 200 USD 225 USD 250

USD 275

USD 300

3

3,000 BV

USD 200 USD 225 USD 250

USD 275

USD 300

4

3,000 BV

USD 200 USD 225 USD 250

USD 275

USD 300

5

3,000 BV

USD 200 USD 225 USD 250

USD 275

USD 300

6

3,000 BV

10 EP

10 EP

10 EP

SILVER STAR

10 EP

GOLD STAR

10 EP

Q18.

How will an IR start earning the Step Commission? An IR must be Qualified, Activated and achieve the required GBV in any of the Lower Volume Leg to start earning Step Commission.

Q19.

What are Repeat Sales Points (RSP)? Repeat Sales Points are points earned from repeat sales which are convertible into either cash or BV.

Q20.

How can an IR earn RSP? IR must purchase repeat products and earn the corresponding RSP assigned to those repeat products that he/she purchased.

Q21.

How can an IR earn RSP from downlines? An IR must fulfil the quarterly PBV maintenance of 120 PBV from repeat sale to be eligible to earn RSP from downlines of up to four levels by referralship.

Q22.

Can an IR choose to focus on earning commission from RSP and not earn Step Commission? Yes, as long as the IR is active by meeting the quarterly maintenance of 120 PBV.


COMPENSATION PLAN

FAQs

QNET COMPENSATION PLAN Q23.

If an IR achieves 240 BV from repeat sales within one (1) quarter, will he/ she be qualified to earn RSP for two (2) consecutive quarters? Yes. Advance maintenance is limited to four (4) quarters only (one (1) year).

Q24.

How can an IR receive his/her earned RSP? The RSP will be credited to the RSP Bank accessible from the IR’s Virtual Office (VO) within two (2) weeks of the transaction date.

Q25.

How can an IR redeem RSP with either cash or BV? IR can use the RSP Bank module available in the Virtual Office (VO) to redeem his/her earned RSP with cash or BV within six (6) months (two (2) quarters) from the issuance date.

Q26.

Are RSPs still valid if the IR fails to redeem it with cash or BV within 6 months of the issuance date? Yes, RSP will be automatically converted into cash after six (6) months of the issuance date.

Q27.

What is the cash and BV equivalent of the earned RSP? The table below shows the cash and BV equivalent of your RSP.

RSP

CASH EQUIVALENT*

BV EQUIVALENT

60

USD 10

20 BV

120

USD 20

40 BV

300

USD 60

160 BV

600

USD 150

420 BV

1,000

USD 300

900 BV

*A balance RSP will be calculated into cash using a proportion rate based on 60 RSP. RSP will be

automatically converted into cash after two (2) quarters and directly credited to the Q Account.

Q28.

Will the IR earn RSP from the repeat sales made by all downlines? No. Only Active IRs can earn RSP from four (4) level downlines by referralship.

Q29.

Is the BV earned from RSPs counted to the IR’s Group Repeat Business Volume (GRBV) and Group Business Volume (GRBV)? Yes.

Q30.

What is ‘Spill-over’ Business Volume (BV)? Spill-over BV is the BV from downlines placed by your uplines who are not in your Line of Referralship.

19


20

COMPENSATION PLAN

FAQs

QNET COMPENSATION PLAN Q31.

Can the IR accumulate BV from repeat sale to meet the 120 PBV maintenance to earn RSP for a specific quarter? Yes.

Q32.

Are the Repeat Sales Points (RSP) transferable from one IR to another? No.

Q33.

Can the IR convert less than 60 RSP into cash? Yes. RSP can be converted into cash on a pro-rated basis after six (6) months.

Q34.

Will the IR earn RSP and BV from his own repeat sales? Yes.

Q35. How much RSPs will the active uplines by referralship up to four (4) levels earn from the repeat purchases of downlines? Active uplines will earn the same number of RSP which is equivalent to the sum of RSP of the products purchased by his/her downlines of up to four (4) levels by referralship. Q36.

If an IR has 20 Direct Referrals and each buys a repeat product with 40 RSP, will the IR get all the Repeat Sales Points (RSP)? Yes. The IR will get all the 20x40 RSP from his/her 20 Direct Referrals, provided that he/she has met the quarterly maintenance of 120 BV.

Q37.

Can an IR earn BV from the repeat sales made to his/her directly referred Retail Customers? Yes

Q38.

Can an IR earn RSP from the repeat sales made to his/her directly referred Retail Customers? Yes

Q39.

Can the IR earn Repeat Sales Points (RSP) from his own purchase of repeat products? Yes.

Q40.

Can an IR earn RSP from his personal purchase even if he has not met the quarterly maintenance of 120 PBV? Yes. An IR does not need to meet the quarterly PBV maintenance of 120 to earn RSP form his/her own purchases of repeat products.


COMPENSATION PLAN

FAQs

QNET COMPENSATION PLAN

RANK ADVANCEMENT AND RANK MAINTENANCE Q1.

How can an IR advance rank? An IR must achieve all the rank advancement requirements within a quarter to advance to a higher rank.

Q2.

Will an IR earn bonuses when he/she advances in Rank? Yes. The Commission level increases as the IR advances in rank.

Q3.

Is there any given time frame for an IR to advance from his current rank to a higher rank? Yes. The IR must advance to a higher rank (Gold Star, Platinum Star and Diamond Star) within a quarter.

Q4. If an IR achieves all the requirements of the higher rank, when will the new pay rank and title rank be reflected? IR’s new pay rank and title rank will be reflected on the corresponding commission week. Q5.

If an IR achieves all the requirements of the higher rank, when will the new commission level take effect? The new commission level will take effect on the corresponding commission week when the rank is updated.

Q6.

If the IR is currently at Silver Star Rank and fulfils the requirements for Platinum Star Rank in one (1) quarter, can he/she skip over Gold Star Rank and be promoted to Platinum Star Rank immediately? Yes.

Q7.

Can the BV earned from RSP contribute to the IR’s Rank Advancement? Yes.

Q8.

Do the Rank Advancement counters reset to zero (0) whenever the IR upgrades his/her rank? No, the Rank Advancement is always based on your last 13 weeks regardless of any Rank Advancement during that period.

Q9. How does an IR maintain his current rank? An IR must achieve all the corresponding rank maintenance requirements within a quarter. Q10.

Is there any given time frame for an IR to maintain his current rank? There is no given time frame for Bronze Star and Silver Star to maintain their current rank. However, Gold Star, Platinum Star and Diamond Star are given a quarter to achieve the rank maintenance requirements.

21


22

COMPENSATION PLAN

FAQs

QNET COMPENSATION PLAN Q11.

Will there be a reminder in the Virtual Office (VO) to notify the IR of the remaining maintenance requirements that he/she needs to achieve before the end of the quarter Yes. The reminder is available in the IR’s VO.

Q12.

Can the IR upgrade the rank more than once in a week? No. The IR will be upgraded to the highest rank he/she achieved in the corresponding commission week.

Q13.

Are all the five (5) ranks of QNET Compensation Plan required to be maintained quarterly? Gold Star, Platinum Star and Diamond Star ranks are required to meet the quarterly rank maintenance.

Q14.

What happens if a Gold Star fails to achieve the quarterly maintenance within a quarter? The IR will keep the Title Rank as Gold Star but ‘Paid as’ the lower rank.

Q15.

Once the IR reaches Silver Star Rank, will the rank be demoted to Bronze Star if the IR fails to meet the quarterly rank maintenance requirements? No, the IR will not go back to the base rank, Bronze Star, once he/she has reached Silver Star Rank. At this point, Silver Star becomes the base rank.

Q16. Can the IR combine BV from new Direct Referrals with BV from personal repeat purchase? No, they are separate requirements for the Rank Advancement and Rank Maintenance. Q17. Is the spill-over volume counted to the Group Business Volume (GRBV)? No. Q18. Can the IR hold his/her current rank and save the qualification for later? No, the rank maintenance, advancement and your commission are calculated automatically. Q19.

Is there visibility regarding the Rank Advancement within the group? Yes.


COMPENSATION PLAN

FAQs

QNET COMPENSATION PLAN

COMPRESSION AND RANK DEMOTION Q1.

If the IR is inactive and failed to meet the 120 PBV quarterly maintenance, who will get the Repeat Sales Points (RSP) from downlines? Will the RSP be forfeited? The RSP will not be forfeited, but instead it will be credited to the next Active Direct Referrer of up to four (4) levels.

Q2.

If the IR purchases a product with 120 BV within the current week, can the IR still earn the Repeat Sales Points (RSP) from the repeat purchases of his/her four (4) Direct downlines from the previous weeks? No. Those RSPs were already credited to the Active Referrers up to four (4) levels in the corresponding commission week.

Q3.

If the IR is inactive and fails to meet the quarterly PBV requirements of 120, will the IR still be qualified to earn the Step Commission? Yes. As long as the Tracking Centres (TCs) are Qualified and Activated.

Q4. What happens if the IR fails to meet the quarterly rank maintenance requirements? The IR will retain his Title Rank but will be ‘Paid as’ the lower pay rank. Q5.

Will a Silver Star be demoted to Bronze star if he/she fails to upgrade to a higher rank within a quarter? No. If an IR achieves all the requirements of Silver Star, this rank will be the new base rank and will no longer be demoted to Bronze star.

23


QNet Ltd Units G-L, MG Tower 133 Hoi Bun Road, Kwun Tong Kowloon East, Hong Kong Tel: +852 2263 9000 Fax: +852 2802 0981 Email: global.support@qnet.net 24/7 Multilingual QNET Global Support Centre (GSC) International +603 7949 8288 (All languages) Toll-Free Numbers* Hong Kong India Indonesia Malaysia Philippines Saudi Arabia Singapore Sweden Taiwan Thailand Turkey* UAE USA

: 800 933 691 : 000 800 600 1144 : 000 800 100 7022 : 001 803 601 923 : 1 800 880 983 : 1 800 1 601 0053 : 800 860 1806 : 800 601 1425 : 020 795 050 : 00801 601 347 : 001 800 060 102 : +90 212 414 1780 : 800 0600 212 : 1 866 578 6077

*All calls are free-of-charge when made from within the stated country, with the exception of Turkey, which is charged at local call rates (international call rates apply for calls made from outside Turkey). www.qnet.net Copyright © QNet Ltd / 2014. All rights reserved. Copyrights and/or other intellectual property rights on all designs, graphics, logos, images, photos, texts, trade names, trademarks, etc., in this publication are reserved. The reproduction, transmission, or modification of any part of the contents of this publication is strictly prohibited. Disclaimer: The content provided herein is only applicable to Independent Representative of QNET’s World Plan and NOT to QNET’s Independent Representatives from Localised Plans such as Malaysia, Singapore, Vietnam, Philippines, India, Rwanda and Turkey.

English Edition


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.