Let's Make 2010 Your Best Year!

By Author: Chamim
Total Articles: 1
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Vemma has a goal to help 20,000 Brand Partners earn at least $500 a month or more and with an aggressive goal like that, you'll need some creative ways to generate bonus dollars for the newest Brand Partners. This is an exciting goal and is really at the root of our two new bonuses. Starting Feb. 26th, The Builder Bonus and The Momentum Bonus are designed to reward the newest partners and help us reach that goal. The Momentum Bonus is a great way to get those Brand Partners profitable faster than ever before in our short history.

There's two magic numbers we discovered in 2009. After analyzing everyone's business for the entire year, what we discovered is that 74% of Brand Partners order every month IF they're earning $100+ a month. The second number that jumped out at us was that 88% of those partners order every month if they're earning $500+ a month.

These two bonuses will also help us towards our goal of reducing your attrition by at least 30%. To qualify for the Momentum Bonus (and everyone is eligible to qualify, both old and new Brand Partners), you'll need to have a 120 point auto delivery and enroll at ...
... least 1 Brand Partner on your right and left teams. When you help those partners each create as little as 500 reward points (CV) each month, you will have reached the Bronze leader level and in addition to all the other bonuses you'll get, you'll now begin to receive a ¼ share of the momentum bonus pool up to $100 a month. Now I say 'up to' because this is a pool. The amount is determined based on sales and how many people qualify for a share. It could be $52, $76 up to $100. That bonus increases UP TO $200 (could be lower for all levels) as you attain the Silver leader level and help those two leaders do what you just accomplished and reach the Bronze level. It jumps UP TO $300 when you reach Gold and help your leaders reach the Silver level and a full share of UP TO $400 when you qualify as a Diamond leader and help your leaders reach the Gold level. Platinums also receive a half share as well, but it stops there as we want to focus these dollars on the newest ranks.

There are a few other details you can read about, but this is a great way to quickly offset the cost of a Brand Partners product as soon as they reach the Bronze leader level. This should be every new partners first goal and this bonus rewards the culture of building two teams.

On Feb. 25th, I'll be releasing all the details on the Momentum Bonus along with the details behind the extremely exciting Builder Bonus. Both of which, I know, will have a hugely positive effect on your business.

Now, to fund the Momentum Bonus, we do have to discontinue the Consistency and Team Bonuses. In this economy, we need to make sure that every bonus dollar invested returns you the greatest rewards. These two bonuses didn't meet that and with the help of your Vemma Elite leaders, we've repositioned these $$ to reward your teams like never before and create a culture at the newest ranks of two team building and profitability.

A tremendous amount of thought, discussion and modeling went into this decision and we never take it lightly to consider any modifications to your compensation. These are decisions made for the right reasons and I'm confident that your teams will grow, profit and retain like never before in our history! This in turn will help make 2010 YOUR best year with Vemma ever!

Thank you for all you do!!

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Chamim