The Basics


 

Registration

Registration is free.

However, there is a requirement that the distributor must buy a minimum of 4000 INR of products for the first order. Registration will not be confirmed until the initial 4000 INR order is placed.

 

Points Value Ratio

CV:INR is 1:1.

To the best of our knowledge we are the only company with a 1:1 ratio in India.

 

Retail Profit

The Maximum Retail Price (MRP) will be approximately 25% above the distributor Cost of Products and include all applicable local taxes.

There will be no Credit Value (CV) or commission percentages paid on the retail mark up. This mark up is to be charged by the distributor and is at their discretion as to how much they charge (but never more than the MRP). This retail profit is for the distributor to keep.

Our Unilevel plan does not pay a personal bonus on your personal orders but there is a retail pooled bonus which distributors can earn if they meet the required criteria. The objective of the retail pooled bonus and also immediate retail profit on sales is to encourage and reward distributors for retail sales. It provides quick cash flow for new distributors.

 

Shared Pooled Bonuses

There are multiple pooled bonuses. As leaders qualify at higher levels, they share additional pools. These additional pools are a higher percentage of total monthly company product volume (Rupees) so there is more money in each respective pool.

The shared pooled leadership bonuses, means that leaders are rewarded if they help other leaders ("crossline") to build a business because as the volume increases in each leader's business, so the pooled amount increases. This is particularly important because different regional leaders are expected to help the "orphan" downlines of leaders from other regions. This benevolence will be reciprocated by other leaders around India. All leaders will be strengthened by unity and teamwork.

 

Minimum Monthly Activity for a Bonus

A distributor must personally purchase 4000 INR of products in the respective bonus month to receive a bonus.

This is the minimum monthly activity level for each distributor.

If minimum monthly activity is not met, the distributor will not be eligible for a bonus in that month. The distributor will keep their downline regardless of whether or not the minimum monthly activity level has been met.

 

Sponsor Early

We encourage new distributors to sponsor 15 to 20 wide during their first 12 months involvement. The company will teach Distributors how to do this and explain how to build to 20-30 in depth.

 

Renewal Requirement

Distributors must renew each year. In order to be renewed (renewal registration is free) a distributor must have placed an order at some time in the preceding 3 month period.

 

Product Delivery

Local freight rates will be charged to have products delivered to the nominated address of each distributor.

This address cannot be a Post Office but must be a home, office or residence of the distributor (or a home or residence nominated by the distributor - eg a friend or neighbour). The cost of courier service is given to you when you order products via the Shopping Cart (available in the Member's Area).

 

Training and Marketing

We will provide free training and marketing programs for all distributors. However any extra training and marketing (if required) should be provided by senior distributors.

MiVeda has a strict policy against any profiteering by selling training and marketing tools and seminars for profit. We expect distributors to make income from selling our products, not by selling training and marketing tools.