MonaVie Income Disclosure Statement
Joey Rosario:
"Over the last several months, MonaVie has asked its distributors not to make any income claim to potential prospects. The main reason is any misleading income claims made by its distributors could land MonaVie in hot water with the Federal Trade Commission (FTC). MonaVie has grown so fast and it is no longer under the radar. Every move the company makes will be watched closely by the FTC or other consumer groups alike. The company cannot afford to make the same mistakes other network marketing companies have made with regards to earning potentials. It will be an exciting months ahead for MonaVie and its distributors with the recent coverage on Fortune magazine. Anyway, MonaVie has finally released the Income Disclosure Statement. The statement compiles the statistics from January 1, 2007 to July 31, 2007. In the statement, it shows what an average distributor in a specific rank earns on a weekly basis. It also shows the highest and lowest commission for each rank and how many distributors were paid on that rank. You can download a copy of MonaVie Income Disclosure Statement from MonaVie On the Move website."
Labels: Mona Vie
posted by David Stone at
10/23/2007
3 Comments:
It's great they have finally published this. More information in the hands of distributors and potential distributors is always a positive thing.
I love these income disclosure statements.
This one doesn't make a whole lot of sense...
For example the star 1000 has to have at least $2000 in monthly volume. The average check is $180 weekly, that's 36% of the volume in your group.
Each person probably spends $150 per month on juice. That means there's about 6-7 people in the group. Multiply 6.5 people times 36% is 236%...a company should only pay a total of abut 50%-60% (at the most) to its distributors.
If the plan is paid deep enough, each distributor should be paid about 5% of teh group volume...how are these people being paid 7 times that? It doesn't make sense...
Dan:
You have probably heard about this already, but I just ran across your post and I thought I would chime in.
You need to re-think your math. $180 is 9% of $2000, not 36%. So following the rest of your formula, 6.5 x 9% is 58.5%, which is right in the range of 50-60% that you said was reasonable.
I hope this clears up the Monavie Income Statement a little.
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