To: All SFI Affiliates
From: Gery Carson, SFI President & Founder
Earlier this year, we began an overhaul of SFI designed to dramatically SIMPLIFY the program.
Why? Because our surveys from new affiliates continue to have one overriding message: SFI is too complex, too confusing, and as a good friend of mine used to always say, "A confused mind does not act."
So, today, I am very pleased to announce the next piece of our simplification project.
What we have done, effective today, August 1, 2011, is simplify our compensation plan. Is it a new comp plan? No, what we have done is take the old plan, which was a proven traditional network marketing style comp plan, and we’ve reshaped it so it’s much easier to digest and understand. In other words, the payout will be very similar, but now new affiliates will be able to much more easily comprehend it. Previously, the SFI comp plan had many, many twists and turns and levels and qualifications. We’ve now stripped out most of this complexity that caused so many new affiliates to stop before they even got started.
For example, Direct Commissions (the commissions earned on purchases by personally sponsored SFI affiliates and personally referred TC members), are now just a straight 45% of CV. And you can start earning these 45% commissions beginning with your first day in SFI–regardless of your rank or VersaPoints scored. Note that EAs (Executive Affiliates) used to earn only 30% on PSA purchases, so this is a 50% or more raise for more than 95% of our affiliates!
Similarly, commissions on your CSAs (co-sponsored affiliates) are now a nice, straight 15% of CV. Simple!
We’ve also simplified and beefed up ECA Royalties. You’ll now earn a straight 10% of CV. It used to top out at 6% for Platinum Team Leaders and was just 2% for EAs, so this is a 500% increase in payout for most of our affiliates!
The biggest change in the comp plan, however, is how we are now handling “overrides,” that is, the compensation earned on the purchases and sales of affiliates and members downline to you who are NOT personally sponsored or referred by you. We have replaced what WAS a complex framework of levels, rules, and qualifications with a clean and simple new pool we call the TripleClicks Executive Pool. Here’s how it works:
Effective today (8/1/11), we now put 40% of the CV of EVERY purchase–companywide–into the pool. For each VersaPoint (VP) you accumulate during the month, you will receive one share of the month's pool. The more VP you score, the more you will earn from the pool! Simple! (See your VP Ledger for complete list of pointable actions). Qualifications for drawing shares from the pool are also simple: You just need to be at least an EA (Executive Affiliate).
How does this new pool replace overrides? Through VersaPoints MATCHING.
As a Bronze Team Leader, you'll receive matching VP on all EA2s (affiliates who have been EA for at least two months) in your downline within 6 levels–including your CSAs. As a Silver Team Leader, VP matching extends to 8 levels. As a Gold Team Leader, VP matching extends to 10 levels. And as a Platinum Team Leader, VP matching extends all the way down to 12 levels!
Here’s an example: You are a Silver Team Leader. The EA2s in your first 8 levels account for a total of 57,500 VP this month, so YOU earn a matching 57,500 shares of the TripleClicks Executive Pool.
Matching VP is clearly the new “jewel” in the comp plan because it empowers you to earn "override commissions" on the actions of every EA2 in your downline (up to 12 levels deep) and on all your co-sponsored affiliates, too!
Did you catch that? Earn on ACTIONS. Before today, overrides were paid ONLY on purchases and sales. Now, on all affiliates in your group, within up to 12 levels downline, you can be earning shares of the TripleClicks Executive Pool every time they log in at the Affiliate Center, every time they buy or sell an SFI product, every time they send out a newsletter, refer an ECA, do a product review, and much more. Yes, we've added some cool new daily, pointable actions to your SFI To-Do List that you can earn matching VP on...and even more are on the way!
Over time, the levels on which you can earn matching VP can grow to contain hundreds or even thousands of affiliates that you can earn on! And there is no limit to how many matching points you can earn each month.
That's pretty much it on the comp plan. Like I said, very simple. For more details, see:http://www.sfimg.com/compplan/
We also recommend–so you know what new affiliates are now seeing when they join–that you review:
1. New Affiliate Welcome at: http://www.sfimg.com/gs2.sfi
2. SFI Basics at: http://www.sfimg.com/SFIBasics.sfi
3. SFI Gateway at: http://www.sfi4.com/free
When you review these three pages, you'll notice that the emphasis is now on getting started by earning points from doing actions on the SFI To-Do List. And THAT, my friends, is the real game-changer being launched today. You see, ever since we debuted VersaPoints two years, new affiliates have instinctively assumed that they earned directly from accumulating VP. The fact that VP actually only influenced the percentage of commissions earned on sales and overrides has been a major and constant point of confusion (no pun intended).
Now, earning VersaPoints is, indeed, earning income! It’s direct and it's very simple. The confusion has been removed. Everyone joining SFI can grasp this basic “score more, earn more” concept IMMEDIATELY...and we think it’s going to have a major impact on activity, growth, and commissions going forward. Yes, it’s a great new day at SFI!
As exciting as the simplification of the comp plan is, that’s not all we’re announcing today. Today we are also debuting a new program that replaces Fast-Track. We call it Entrepreneur365 (E365 for short).
E365 is an exclusive, new contest we've created that is based on VersaPoints (VP), and that every new SFI affiliate is automatically entered in. Each participating affiliate has the opportunity to win a share of over $100,000 in cash and prizes...all while learning about how to create a successful SFI business!
There is no cost to participate in the contest and all VP can be earned through the many educational and business-building actions on the SFI To-Do List.Here's how it works:
E365 is a challenge that you partake in against every other SFI affiliate who joined SFI the same day you did. The idea is to “outlast” them all and, on your 365th day in SFI, be named the champion of your class–an Entrepreneur365 Champion!
As an E365 Champion, you'll receive special corporate recognition, a spot on the E365 "hall of fame" Website, bragging rights, and a handsome plaque for your office wall to commemorate your achievement, and more. And, along the way, you will have the opportunity to win thousands of dollars in cash and prizes.
The E365 contest is divided into six rounds. The first five rounds are six days each (a total of 30 days). The sixth and final round takes place from your 31st day in SFI until your 365th day (335 total days).
Each time you advance to a new round, you are guaranteed to receive at least one prize–which is awarded immediately. Prizes get bigger with each subsequent round. For a complete listing of the cash and prizes you can win, see:https://www.sfimg.com/entrepreneur365.sfi?tab=prizes
All of the first five rounds use the same simple rule: Stay above "the green line" and you advance to the next round.
What do we mean by a green line? If you're in your first 30 days with SFI, you'll find the "green line" on the E365 Leaderboard :https://www.sfimg.com/entrepreneur365.sfi?tab=leaderboard
It displays the MEDIAN number of VersaPoints scored by all the members of your class to date that are still in the contest. To advance to the next round, you simply need to score more points than the median (i.e. be above the green line).
The sixth and final round begins on your 31st day in SFI. To win this final round and be named the Entrepreneur365 Champion of your class, you'll simply need to accumulate the most VP in your class by the end of your 365th day. For each of your 335 days as an E365 Finalist, you will have 25 chances to win cash and prizes in our Finalists Drawings (up to 8,375 chances to win). Finalists Drawings are daily random drawings for all qualified finalists.
We’re VERY excited about E365 because it introduces new affiliates to SFI in a fun and interesting way. People love playing games and competing for prizes and recognition. E365 provides this and also great short- and long-term goals to motivate and incentivize affiliates during their first year in SFI. With E365, your new affiliates immediately begin learning how to build a successful SFI business...while having fun doing it!
E365 also dovetails perfectly with our new comp plan modifications. It's an absolute perfect, natural extension of it in fact. That is, while they're competing in E365, they're also accumulating lots of VersaPoints–points that can put money in their pocket from the TripleClicks Executive Pool. With each point they score for E365, important building blocks for their business are being put in place. They're getting trained, they're learning successful strategies, and they're literally becoming entrepreneurs...entrepreneurs that are YOUR PARTNERS and that help you grow your business and your commissions.
Speaking of which, you may have already realized that E365 will be superb for identifying go-getters–those affiliates in your group that are future stars–the ones you want to nurture and work closely with. And to help you, we've put in place a super-easy way to follow the activities of the affiliates on your team: Simply go to the E365 Leaderboard and select your PSAs or CSAs from the pulldown menu located in the top, right corner (read the E365 FAQs for more info on the special features we've baked in to help you work with your E365 affiliates).
So what about all you "old" SFI affiliates, those of you who joined SFI prior to August 1st? Did we leave you out of all the contest fun and prizes? Certainly not! For complete details on how you, too, can compete for thousands dollars in cash and prizes and the title of Entrepreneur365 champion, see E365 INFO & RULES at:https://www.sfimg.com/entrepreneur365.sfi?tab=info_and_rules
Then make sure you read all the E365 info in each of the tabs, especially the FAQs, as there are LOTS of great little features you're going to want to know about that I haven't covered here.
I hope you're as excited about the simplification of the comp plan and the new E365 contest as I am. But there are EVEN MORE goodies coming later this month. And what great timing, because, historically, September marks the beginning of the best months of the year for SFI affiliates.
So, jump in and start gearing up for what we hope can be a breakthrough Fall campaign.
Onward and upward!