Business startup

What is retail margin?
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Terms in this set (37)
What is retail margin?
The difference between retail price and the IBO cost. When you sell product at the retail price, you earn retail margin of 10%.
PV and BV determine how much the products you sell will contribute towards bonuses and incentives. What do the terms PV and BV stand for?
Point Volume and Business Value
What is the Customer Sales Incentive?
A discretionary incentive that rewards IBOs for generating Verified Customer Sales.
Amway identified five key factors that drive product purchase. Those factors include Size &Price, Easy to Experience, On-Trend, and Unique. What is the 5th key factor also identified in the video?
Connect to other Amway™ products
What are some brands that have products that fit most people's needs and passions?
n* by Nutrilite™

XS™ Sports Nutrition

Artistry Studio™
VCS
Verified customer sales
PV
Point value
Where can you sell products online, according to the Rules of Conduct?
MyShop, your digital storefront
Where can you go to read about the Rules of Conduct?
amway.com/Policies and Terms/Rules of Conduct
If you have questions about how a rule relates to your business, how do you connect with someone in the Business Conduct and Rules department?
bcr@amway.com
What are the three main parts of the Sponsoring Responsibilities mapped out in the Rules of Conduct?Rules Compliance, Access to the IBO Contract, Training & MotivationWhich of the following is NOT allowed when explaining the Amway opportunity to prospects and new IBOs?Showing yours or other IBOs' boats, extravagant vacations, or other large purchasesWhat is one of the easiest ways to motivate new IBOs?Stay connected with them in a variety of ways - email, text, phoneWSLWinter spring leaderTo become eligible to build a team, you need to and sell a total of at least ...$300 in Verified Customer Sales.The Differential Bonus pays the difference between ....Your Performance Bonus Percentage and the Performance Bonus Percentage of the IBOs you personally sponsored.The Fast Track Incentive Program rewards IBOs who start building a solid business based on stable customer sales and sponsoring frontlines and teaching them to do the same. Ashley received the First Step Award because she had a second personally sponsored IBO earn their New IBO Incentive Award and in that same month she generated at least 150 personal PV with ...100 PV or more coming from Verified Customer Sales.QIQuality InterviewMLMmulti-level marketingCBRCriteria base reclassificationLTDLeadership team developmentWhich of the IBOs below had a qualifying month with full volume?Miguel has no downlines qualified at 25%. He generated 7600 PV last month.Which of the statements below is true?IBOs who qualify with full volume months are two times more likely to requalify. Qualifying with full volume months maximizes the money you can make from the Amway IBO Compensation Plan. Qualifying with full volume months maximizes the money you can make from Growth Incentive Programs. All of the above. HeyWhich of the following is NOT one of the ways to make money in the Amway business?Sponsoring IBOIBOs can share up to this income amount (in USD) when explaining income that may be earned in the first year in the business:$3,100The examples and experiences you share about income, rewards, lifestyle, and products must be:Truthful, accurate, realistic, and not misleading Shared alongside the Amway-provided Income Disclosures Relevant to your audience, their goals, and experience levelPipelinelong network of underground or aboveground pipes Continuous flowDTMDoor to mentorship Asking people if they want to be introduced to me Learn what the opportunity can provideSTPStart the processFUfollow upWhich of the IBOs below had a qualifying month with full volume?Miguel has no downlines qualified at 25%. He generated 7600 PV last month.1NN + MPA1 name and number plus compelling story$3=1PVTeam meeting=Virginia / dress good 👍Diamond =6 platinum legsPlatinum =7500 pv for 6months of the Amway fiscal yearEmerald =3 platinum legs