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Building a Successful Business

As a part of the IBOAI's commitment to Accreditation Plus, we continue to send best practices messages each month to remind everyone of some of the basic best practices for all of us to keep in mind as we build our businesses.

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Building a successful business depends on doing a number of things including planning, organizing, connecting with people and merchandising our fabulous line of products.

The Amway IBO Compensation Plan uses a tiered compensation structure that is subject to certain state and federal regulations as all businesses are subject to certain regulations.

Regulators consider selling products to end user customers as one of the critical attributes in distinguishing businesses as legal & legitimate. In our business, no one makes money unless products are sold to end user customers. Best Practices outline key requirements and guidelines to ensure that this is a key component in every IBO business.

The Customer Volume Requirement (CVR) applies to IBOs who have not yet reached the Platinum level. To earn a bonus on sales volume by downline IBOs during a given month (differential payment), these IBOs must have at least 50PV in sales to customers.

We have exclusive lines of products that are priced competitively, offer great value and can be easily marketed to customers and we continue to make it easier to complete and track our sales. While IBOs are only required to achieve CVR for bonus payments on downline volume and incentives, we recommend that all IBOs use Customer Sales Activity (CSA), or Auto-Capture. These are helpful tools for keeping track of customers. (Sales are considered Auto-Capture if customers purchase on the IBO's PRW or Amway site on their own, or if you purchase for them using their customer ID numbers. CSA allows you to report sales.) CSA or Auto-Capture is needed for participation in company incentives and promotions (e.g., Fast Track Incentive Program rewards and the Growth Incentives Program). Please note that there are guidelines for what is QCPV (qualified customer PV) that you will find on the MarkerMan site and Amway site.

When IBOs show the Plan, they should always include the importance of marketing products to customers to present the Plan without mentioning the sale of products to customers is not acceptable. We do not want people to get the idea that this business opportunity is some kind of a wholesale buying club!

We applaud all of you for keeping both oars in the water and building a balanced and profitable business!



See more of the IBOAI’s IBO Best Practices



 
 

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