Myung Power Compensation Plan is an extremely powerful and rewarding
compensation plan that positions its distributors on the success-track to financial independence. It provides seven (7) sources of income for distributors as follows:-
1.
Retail Profit
2.
Personal Group Sales
Bonus
3.
Performance Bonus
4.
Leadership Bonus
5.
Diamond Bonus
6.
Infinity Bonus
7.
International Profit
Sharing
Each source of income has been carefully thought of and designed to
reward all levels of distributors, whether you are a part time, full time
distributor, strong in retailing, network builder or considering a full-time
professional career in Myung
Power. It has been developed to spread income
fairly and proportionately to everyone, yet at the same providing opportunity
to the aspiring leader who wishes to make very high income.
It is also intended to be a competitive plan for the long term and
to serve you in the local as well as international market. In due course, the Myung Power Business Plan will be available online, so
that you, our business partner, is eventually given the platform to achieve a
global business for yourself.
In order to ensure your success, we have invested heavily in the Myung Power Training Program. This training program makes you effective in
retailing, sponsoring and servicing, thereby enabling you to generate your
desired income. Please do not overlook Myung Power Training Program. It could make a big difference in your
success.
Together with the Myung
Power Business Plan, we are
granting you this unique opportunity to gain financial independence and a
better lifestyle for, you and your family.
Do take advantage of this rare opportunity. This could be the opportunity you have always been waiting
for. Sign up with Myung Power now.
When
you sign up as a new Myung Power Distributor, you qualify to buy our products at distributor
price. You can enjoy retail profit of
between 10 - 25%.
2. PERSONAL
GROUP SALES BONUS
Earn
personal group sales bonus on an increasing basis as follows:
|
Accumulated
PGPV |
Increasing
Bonus |
|
8,001 - 12,000 PV and above |
23% |
|
6,001 - 8,000
PV |
18% |
|
4,001 -
6,000 PV |
15% |
|
2,001 -
4,000 PV |
12% |
|
1,001
– 2,000 PV |
9% |
|
301
– 1000 PV |
6% |
Permanent
Position
Whenever
you reach a certain bonus percentage level you never go backwards.
PV,
PSPV And PGPV
What are
these terms? PV stands for Product
Volume. PSPV stands for Personal Sales
PV. PGPV stands for Personal Group PV
and also refers to the PV of a distributor who is not a Coordinator or above
status.
Accumulative
PGPV
The bonus percentage increases as
you are accumulating your group sales.
Your income is the difference between your bonus and each of your down line’s
bonus. This bonus is calculated
monthly.
Same
Level
There will
not be a situation where your down line will reach the same bonus percentage as
you unless you are having only one leg.
As long as you have two or three legs, it should not happen. If you are retailing products to several
people it will most likely not happen.
It will also not happen at the 23% level because once you have reached
the 23% level, you would have accumulated 12000 PGPV at that level, or vice
versa. In that event you would have
qualified to the Bronze Coordinator status.
At this point you start to enjoy another source of income known as
Leadership Bonus. Please refer to
Leadership Bonus in table 4 in the later pages.
3. PERFORMANCE BONUS
After
you have accumulated 1200PGPV within 12 months, you qualify as Myung Power Associate and can
enjoy the benefits in the Performance Bonus below.
|
Performance Bonus |
|||||
|
Level |
1
Star |
2
Star |
3
Star |
4
Star |
5
Star |
|
Monthly
Maintenance |
100
PSPV 500PGPV |
100PSPV 400PGPV |
100PSPV 300PGPV |
100PSPV 200PGPV |
100PSPV NIL |
|
L1 |
5% |
5% |
5% |
5% |
5% |
|
L2 |
5% |
5% |
5% |
5% |
5% |
|
L3 |
|
5% |
5% |
5% |
5% |
|
L4 |
|
|
5% |
5% |
5% |
|
L5 |
|
|
|
5% |
5% |
|
L6 |
|
|
|
|
5% |
How
To Achieve Star Status
To receive
the Associate Performance Bonus, you need to develop new Associates in separate
legs. When you have developed 1 new
Associate you can receive bonus on 2 levels deep. At this point you have achieved 1 Star Associate status. When you have developed 2 Associates in
separate legs you can receive bonus on 3 levels deep. At this point you have achieved 2 Star Associate status. This can go on until you become a 5 Star
Associate thereby enjoying bonus up to 6 levels deep. Once you have reached a certain Star status you never fall back.
Upfront
Income
The
above Performance Bonus is based on a
“unilevel” plan that gives you tremendous
earning power. It provides you with
substantial income right at the front end.
That can make retailing and sponsoring really rewarding. You can continue to enjoy this bonus month
after month! All you need to do is
personally purchase products of 100 PSPV and maintain personal group sales of
100PGPV to 500PGPV each month, depending on your Star status.
Roll
Up
We do
not want you to be “cut off” by inactive distributors. The PGPV of an inactive
Associate will be bypassed by our computer system and only active Associate
PGPV will be counted as a true level. An inactive Associate is one who did not
achieve the minimum100PSPV.
Compression
We
want you to earn more income. All
inactive Associate PGPV at each level will be compressed up to the immediate up
line who is an active Associate, irrespective of how many inactive Associates
(horizontally) there are the level concerned
4. LEADERSHIP BONUS 15% (Point System)
There
are two ways to qualify for as Bronze Coordinator. You accumulate 6000PGPV within 3 consecutive months or 12000PGPV
in 12 months. Immediately after that,
you can enjoy Leadership Bonus as below.
|
Leadership
Bonus (Payable Monthly) |
||||
|
Qualification |
Bronze Coordinator |
Silver Coordinator |
Gold Coordinator |
Platinum Coordinator |
|
Minimum 3 Qualified Legs |
Accumulate 6,000 PGPV within 3 consecutive
months or 12,000 PGPV within 12 months |
3 Bronze and accumulate new 20,000 GPV
within any 3 consecutive months |
1 Silver and accumulate new 60,000 GPV
within 3 consecutive months |
2 Silver and accumulate new 120,000 GPV
within 3 consecutive months. |
|
Minimum Monthly Maintenance |
200 PSPV 1000 PGPV |
200 PSPV 1000 PGPV |
200 PSPV 1000 PGPV |
200 PSPV 1000 PGPV |
|
Bonus Share |
Total GPV of Your Level 1 - 2 |
Total GPV of Your Level 1 – 3 |
Total GPV of Your Level 1 - 4 |
Total GPV of Your Level 1 - 5 |
Qualified
Leg
A
Qualified Leg is a down line leg that has achieved minimum 1,000 GPV for that
month.
Point System
The
above bonus is calculated on a point system as follows:
Total
Company New Business BV X 15%
Total GPV Of All Qualifiers = RM Value Per Point
Your
points = Total GPV Of Your Respective Levels.
Calculation
Of GPV Levels, Points And Bonus
If you
are a Bronze you add up your GPV for your 1st and 2nd
level. If that total GPV is 10,000 you
will get 100 points (100PV = 1 point).
If you are a Silver you add up
your GPV for your 1st, 2nd and 3rd level, and
so on.
Your
bonus = Your Points X RM Value Per
Point = Your Bonus RM
5. DIAMOND BONUS 10% (Point System)
The
Diamond Bonus pays really good income.
The aspiring leader who wishes to make high income will find this bonus
very attractive. It has designed in
such a way that with consistency you can achieve the Diamond status.
|
Diamond
Bonus (Payable Monthly) 7th
– 12th Level |
|||||
|
Qualification |
Diamond |
Double Diamond |
Triple Diamond |
Executive Diamond |
Crown Diamond |
|
Minimum 5 Qualified Legs Accumulated within 3 consecutive months |
3 Gold + 1 Platinum with total GPV
250,000 |
1 Diamond with total GPV 350,000 |
2 Diamonds with total GPV 750,000 |
4 Diamonds with total GPV 1,500,000 |
6 Diamonds with total GPV 2,500,000 |
|
Minimum Monthly Maintenance |
200 PSPV 1000 PGPV 50,000 GPV |
200 PSPV 1000 PGPV 100,000 GPV |
200 PSPV 1000 PGPV 300,000 GPV |
200 PSPV 1000 PGPV 400,000 GPV |
200 PSPV 1000 PGPV 500,000 GPV |
|
Bonus Share |
Total GPV of Your Level 1 - 6 |
Total GPV of Your Level 1 - 7 |
Total GPV of Your Level 1 – 9 |
Total GPV of Your Level 1 - 10 |
Total GPV of Your Level 1 - 12 |
Point
System
The
above bonus share is calculated on a point system as follows:
Total Company New Business BV X 10%
Total
GPV Of All Qualifiers = RM Value Per Point
Your points = Total GPV Of Your Respective Levels.
Calculation
Of GPV Levels, Points And Bonus
If you
are a Diamond you add up your GPV for your 1st to 6th
level. If that total GPV is 75,000 you
will get 750 points (100PV = 1 point).
If you are an Executive Diamond, you add up your GPV for your 1st
to 10th level, and so on.
Your
bonus = Your Points X RM Value Per
Point = Your Bonus RM
6. INFINITY BONUS 3% (Point System)
The Myung Power Business Plan
rewards all levels of distributors.
This Infinity Bonus will provide top leaders with an opportunity to very
high income.
Infinity Bonus (Payable Quarterly) 13th level to infinity
levels.
|
|||
|
Qualification |
Triple Diamond |
Executive Diamond |
Crown Diamond |
|
Minimum 3 Qualified Legs |
2 Diamonds with total GPV 750,000 |
4 Diamonds with total GPV 1,500,000 |
6 Diamonds with total GPV 2,500,000 |
|
Minimum Monthly Maintenance |
200 PSPV 1000 PGPV 300,000 GPV |
200 PSPV 1000 PGPV 400,000 GPV |
200 PSPV 1000 PGPV 500,000 GPV |
|
Bonus Share |
Share in 1% Bonus Pool |
Share in additional 1% Bonus Pool |
Share in additional 1% Bonus Pool |
Qualified
Leg
A
Qualified Leg is a down line Diamond Leg that has achieved minimum 50,000 GPV
for that month.
Bonus
Share
The
bonus share is calculated as follows:
Total
Company New BV Business Per Quarter X 1%
Total
GPV Of Qualified Triple, Executive, Crown Diamonds = Value Per GPV
For
example: Assuming Total Company New BV
= 15,000,000. Assuming total GPV of all
qualified Triple, Executive, Crown Diamonds = 15,000,000 GPV. If you are a qualified Triple Diamond with
3,000,000 GPV and assuming there are only qualified 5 Triple Diamonds in that
quarter, your bonus will be as follows:
15,000,000
X 1% = RM150,000
15,000,000 = RM0.01 per GPV
Your
Bonus = 3,000,000 X RM0.01 = RM30,000
The
qualified Executive Diamonds will share in another 1% bonus pool and the
qualified Crown Diamonds will share in a final 1% bonus pool. From the above example, assuming there are
only two qualified Executive Diamonds and one Crown Diamond, an Executive
Diamond could be earning RM30,000 plus another RM50,000 = RM80,000 !!
Similarly,
the Crown Diamond could be earning RM30,000 plus RM50,000 plus RM150,000 =
RM230,000 !!!
7. INTERNATIONAL PROFIT SHARING POOL 3% (details coming soon)
The
company will allocate 3% of the Company’s Total Business Volume (BV) in the
country and divide it among all qualified Diamonds and above status. The profit sharing pool will be shared by
all qualifies based on the Company’s current terms and conditions as per table
now.
International
Profit Sharing Pool
Profit
Sharing Pool 3% (Payable Yearly)
|
Status |
Diamond |
Double
Diamond |
Triple
Diamond |
Executive
Diamond |
Crown
Diamond |
Charity |
|
Pool
% |
˝ |
˝ |
˝ |
˝ |
˝ |
˝ |
Qualifications
The basic qualification is
100PSPV and 1000PGPV maintenance for 6 months out of 12 months in the calendar
year, calculated from 1st January and ending on 31st December
each year.
The status qualification
is 80% achievement of GPV maintenance requirement for status concerned for 6
months out of 12 months in a calendar year, calculated from 1st
January and ending on 31st December each year.
|
|
|