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MyMode™. Marketing Plan Version 2.1, 23/12/2004 (Effective 1/1/2005). Sign-Up Fee / Mobileprenuer Fee. Sign-up Fee Sign-up fee for MyMode services is RM75 . Agent is credited with 34PP (Prepaid Point) in their Prepaid Account. Sign-up package is bundled with FREE Asia Loyalty membership.
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MyMode™ Marketing Plan Version 2.1, 23/12/2004 (Effective 1/1/2005)
Sign-Up Fee / Mobileprenuer Fee • Sign-up Fee • Sign-up fee for MyMode services is RM75. • Agent is credited with 34PP (Prepaid Point) in their Prepaid Account. • Sign-up package is bundled with FREE Asia Loyalty membership. • Mobileprenuer Fee • Agents can upgrade themselves to become mobileprenuer for RM30. • To upgrade, they must have at least 6 direct agents. • NO minimum prepaid point is required in your prepaid account.
Types Of Incentives • Point Value (PV) • When an agent buys a card, its PV will be rebated to the agent and his referrers. • Regulated by MyMode based on market rate. • Types of card sales incentives : • Personal Incentive & Overriding =70% × PV • Leadership Sales Incentive = 10% × PV • CM Club Incentives = 20% × PV • Types of sign-up incentives : • Level Incentive • Leadership Sign-Up Incentive • Types of Mobileprenuer (MP) incentives : • Direct group sign-up incentive = 5PP • Indirect group sign-up incentive = 1% × Sign-up fee • Card sales incentive = 1% × Card Value
Personal Incentive & Overriding • Personal Incentive • Overriding • Balance from Personal Incentive will be passed up to referrers of appropriate rankings.
CM Club Incentives • CM Club Incentives = 20% × PV • Each CM Club agent is entitled to 1 share ONLY.
MP 1 MP MP Mobileprenuer (MP) Incentives • 5PP for every new agent. • 0.5% × Card Value +0.5% × Signup Fee (=0.275PP) • 0.5% × Card Value +0.5% × Signup Fee (=0.275PP) • If MP1 is a Super MP, who has 8 direct MP.
Types Of Leadership Incentives • Types Of Leadership Incentives • Sales Pool = 10% x PV • Sign-Up Pool = 10PP per sign-up • Available for 2-Star CM onwards. • Example of qualification: • 2-Star CM is only qualified for only 2-Star pool. • 3-Star CM is qualified for both 2-Star pool and 3-Star pool. • 4-Star CM is qualified for 2-Star pool, 3-Star pool, and 4-Star pool. • 5-Star CM is qualified for pools for all 4 ranks. • Monthly calculation. • Based on the rank achieved by a leader on the previous month.
A B C D 500k 2,000k 1,000k 1,500k Leadership Sales Pool Incentive Per Sales Example calculation of 2-Star Sales Pool A : (2,000k x 1P) + (1,500k x 0.5P) + (1,000k x 0.25P) = 3,000kP B : (1,500k x 1P) + (1,000k x 0.5P) + (500k x 0.25P) = 2,125kP C : (1,000k x 1P) + (500k x 0.5P) = 1,250kP D : (500k x 1P) = 500kP Total Points : 6,875kP Total Sales : 5,000,000 Total Payout (Assuming PV=5%) : (5,000,000 x 5%) x 4%(for 2-Star) = 10,000 Payout Per k Point : 10,000 / 6,875 = 1.45 A : 3,000 x 1.45 = 4,363.63 B : 2,125 x 1.45 = 3,090.90 C : 1,250 x 1.45 = 1,818.18 D : 500 x 1.45 = 727.27 Points Per Sales PGS = Personal Group Sales
Leadership Sign-Up Pool Calculation Pool Incentive x No. Of Sign-Up Total Qualified Points Points Per Sign-Up Incentive Per Sign-Up Your Points x