The Compensation Plan
The MiVeda Compensation Plan
MiVeda’s Compensation Plan currency is country specific. This allows distributors around the world to be paid in their respective currency even though purchases may have been made in a different country.
This could include individuals purchasing products not available in Australia. There could also be cases where a distributor sponsors downline who live in a different country (eg India) and who consequently purchase products there. To cater for this, MiVeda provides "seamless" commissions to distributors around the world via international "currency conversion" or Credit Value points.
By using Credit Value points (CV), MiVeda can determine the value (percentage) of commissions that a Distributor will be paid in the relevant currency of a particular country. CV totals (of monthly sales) qualify a distributor at the appropriate level. The CV ratio is the highest in the industry (eg: in Australia, 1 Dollar = 45 CV - approximately).
The CV of each product can be seen in the Shopping Cart when you order products (via the Member’s Area). CV is only used to calculate the qualification levels for each distributor. These levels are set very generously to make it as easy as possible for each distributor to qualify at the highest possible level.
The table for “seamless” commissions is shown below. The payment ratio is 1 to 1 (in other words, percentages are paid on the total amount of purchase price of each product - excluding taxes).
|Distributor Status||Bronze||Silver||Gold||Emerald||Diamond||Executive Diamond||Super Diamond|
|Number of Teams or Legs required||1||2||3||4||5||6||7|
|Minimum Team or Leg Volume Per Month (CV*)||25,000||35,000||45,000||80,000||80,000||120,000|
|Minimum Organisation (Total Group) Volume per Month (CV*)||60,000||200,000||400,000||2000,000||3000,000||5000,000|
|Payment Levels (under the respective distributor) - payment is the percentage shown of the total sales at each level|
|Executive Diamond Bonus||2%||2%|
|Super Diamond Bonus ***||3%|
|Retail Bonus **||3%||3%||3%||3%||3%||3%||3%|
* CV Ratio is approximately 45 CV = $1
** Shared between all distributors who have a personal volume of more than $2,000 per month (limited to $5,000 per month for each distributorship)
*** Split into a 1% automatic bonus and a 2% discretionary bonus (see Pooled Bonus Explanation)
Download a copy of The MiVeda Compensation Plan (Australia)