There is no registration fee to become a Member of MiVeda.
Credit Value (CV) Ratio (ie Point Value or Payment Value)
The CV for a product is what a Member gets paid commission on when that product is purchased.
The CV:dollar ratio is 1:1 for all except 4 products.
We believe we are the only company with a 1:1 ratio on all of our products except 4. This means that MiVeda pays you more for product purchases than most other companies.
Retail mark-up is a profit margin that can be charged and kept by a Member if they sell a product to someone.
A Member has discretion to decide the retail margin that is charged on a product – on the strict proviso that the total price for the product is not higher than the Recommended Retail Price (RRP).
The RRP is approximately 20% to 35% above the Member Price of Products (MP) and includes all applicable local taxes.
MiVeda also boosts the retail profits available to Members with payments from a retail pool to those who achieve set sales volume thresholds.
Our objective in having both immediate retail mark-up and shared retail pool payments is to provide early and quick cash flow returns which reward and encourage Members for retail sales.
Discount Vouchers (Promotional Code)
As additional incentive, if a Member gives a 15% discount voucher (promotional code) to a contact then:
- The contact will get 15% discount off the RRP of any products they purchase
- The Member will be paid 12% commission on the Member Price of the contact’s order, provided that the Member’s discount code is shown in the order.
This will apply to recurring orders provided the contact continues to insert the Member’s discount code at "Check Out".
Shared Pooled Leadership Bonuses
As Member leaders grow their overall business volumes, they become eligible for additional leadership bonuses from sharing in additional pools. As overall company business volume grows (ie sales volume increases), the total pooled amounts increase and the leadership bonuses that are paid increase.
Due to some leadership bonuses being jointly pooled, leaders are financially rewarded if they help other leaders (‘crossline’) to build their respective businesses. This is because as the sales volume increases in each different leader's business, the total joint pooled amount increases, and this is shared between all leaders. This is particularly important because different regional leaders are expected to help the ‘orphan’ Members whose ‘upline’ leaders are from other regions. Crossline help from a leader can be reciprocated by other leaders and thus all leaders benefit and are strengthened by unity and teamwork.
Minimum Monthly Activity for a Bonus
A Member must reach a minimum total purchase threshold of $150 of products in the respective bonus month to receive a payment. This can be in one order for the month or multiple orders if they wish.
If minimum monthly activity is not met, a Member is not eligible for a commission or bonus payment in that month. However, the Member will retain their downline team. A Member can purchase more or less products at anytime if they wish (at Member's Prices).
We encourage new Members to enrol 15 to 20 Members personally during their first 12 months. We will teach Members how to do this and explain how to build to 20-30 in depth. We also suggest that Members recommend people to purchase MiVeda products from the Shopping Cart and use the Member's Discount Code on Check Out. This will earn the Member commissions if they comply with the minimum activity rule (see above).
Members must renew their Membership annually. There is no renewal registration fee – all that is required is for a Member to have placed an order of at least $150 in a month at any time in the 3 month period preceding renewal.
Local freight rates will be charged to have products delivered by standard delivery to the nominated address of each Member. Orders above $200 will be FREE using standard delivery.
Special Express delivery may be possible, but charged at a higher rate. Contact Us if you have any questions about this.
Generally, the nominated address cannot be a Post Office but must be a home, office or residence nominated by the Member. However if someone has a PO Box and is prepared to set up a special account with their Post Office, it may be possile to have products delivered to a PO Box. Alternatively, it may be possible to arrange a special 'pick up location' near you. Contact Us if you have any questions about this.
Training and Marketing
MiVeda provides free training and marketing programs for all Members. The training and marketing is provided online in a variety of formats, eg audio files, PDF files, video files and websites. These are available in your Member's Area of the MiVeda Members' Club website.
In addition, MiVeda will run online free webinars from time to time.
Occasionally, MiVeda will run seminars in nominated locations around the country and possibly the world. Members will be expected to pay to attend these seminars, although sometimes they may be offered without charge in the form of 'incentive' trips.
We also anticipate extra training and marketing will be provided by senior leader Members. However, MiVeda has a strict policy that prohibits profiteering from selling training tools, marketing tools and seminar tickets for profit. We expect Members to make their income from selling our products, not from selling training and marketing tools.
The information outlined in this small section is purposely brief. More detail is provided throughout the rest of this website. We especially recommend you explore the video information provided in this Presentation page.