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Presenting…Class Cash!

As explained in our earlier announcement, we are discontinuing the Signing Bonus program.

The Signing Bonus program is being replaced with a new program we’re calling “CLASS CASH.”

We call the new program Class Cash because it’s a special drawing held just for the members of your class (i.e., everyone who joined SFI the same day you did). This of course means that your odds of winning are pretty good—since you’re competing ONLY against those who joined SFI the same day you did.

Whenever a new person joins SFI, they will be informed of our Class Cash drawing immediately upon submitting the submission button on the affiliate registration page.

The page will look like this:

screenshot_2804


Upon confirming their email address (or entering a different one if they clicked the red “no” button), they’ll see a message letting them know their drawing entry number has been emailed to them.  They can now retrieve their entry number from the email we’ve sent them.

Over the course of the next 29 days, they’ll then receive up to six additional emails, just friendly reminders about the 10 logins and 300 VersaPoints requirements and—for those who’ve met the login/VP requirements—reminding them to log in on their 30th day to find out if they’ve won and to claim their prize.

We’ve also simplified and shortened the entire New Affiliate Intro (the first pages a new affiliate sees upon signing up).  Now, upon signing up, a new affiliates will see the Class Cash info page (see screenshot above), then just four short pages that welcome them to SFI and provide an overview of the SFI program before turning them over to LaunchPad.



q&A-final

Q: In what ways is Class Cash an improvement over the Signing Bonus program?
There are several reasons, including: 1. It ensures a valid email address, which can open up vital communications.  2. When a person enters the Class Cash drawing, they’ll be incentivized to log in at least ten times over the next 30 days and collect a minimum of 300 VersaPoints.  And if they’re logging in and collecting VersaPoints, there’s a much greater chance of them becoming serious, active affiliates.

Q: Why are you pre-announcing the discontinuation of Signing Bonuses and the new replacement program, Class Cash?
As a courtesy, we want to alert everyone about what’s coming in case you need to adjust your advertising or other marketing that references the soon-to-be-obsolete Signing Bonus program.

Q: When will the Signing Bonus program officially end?
We are removing all references to the Signing Bonus program on our Gateways, banners, etc. on Wednesday, July 12th.  By Friday, July 14th, all references in LaunchPad, on the To Do List tab, in the Knowledge Base, etc. should be removed.  However, new affiliates joining SFI through Sunday, July 16th, will still be eligible to receive the up-to-$100 Signing Bonuses that are currently referenced in our Gateways, banners, etc.

Q: When will the new Class Cash program go live?
Class Cash is planned to go live no later than Tuesday, July 18th, and will be reflected on all SFI gateways at this time.

Q: Why inform new registrants about Class Cash as the very first thing they see upon signing up?
It’s actually critical that it’s done at this time.  Why?  Because this is the one and only time we can absolutely be assured we have a captive audience.  That is, for every other SFI webpage, everything from LaunchPad to the Affiliate Center and beyond, there’s no guarantee the new affiliate will ever get that far.  But when they hit the submit button from their registration, however, we can be assured they will see the next page (the Class Cash info page).

Q: Why force people to get their drawing entry number via an email?
If the person wants to get entered for the cash prize, they will HAVE to provide us with a valid email address…and a valid email address opens the door to important subsequent communications from and with SFI corporate, sponsors, co-sponsors, and upline Team Leaders.  This one little change could potentially pay huge dividends.

Q: What if a person has registered with one email address but wants or needs to change it to a different/better one?
Review the screenshot of the Class Cash page above.  The first thing we ask them to do is verify that the email address they just registered is the one they want us to send their drawing entry number to.  If not, they can click the “NO” button and they’ll be able to instantly swap in a different email address.  Note: We expect to see a LOT of people changing their email address here, since it’s now critical for them in order to enter the drawing.

Q: When does the new affiliate know if they’ve won the cash prize?
On their 30th day in SFI they’ll just need to visit the Alerts tab at the Affiliate Center and see what the winning entry number is.  If they see their number listed, they can then claim it by following the simple directions provided.

Q: Why the minimum 10 logins and 300 VersaPoints requirements?
This of course assures a level of activity that can help all sponsors and Team Leaders in their team-building efforts.  Just getting new registrants to provide a valid email address is awesome of course, but getting new people in the habit of logging in regularly and collecting VersaPoints is even better, we’re sure you agree!

Q: Might the number of logins and/or VersaPoints be decreased or increased?
Yes, we’re starting with a minimum of 10 logins and 300 VersaPoints, but we plan to test other amounts to find the “sweet spot.”

Q: Does a winner have to claim the prize on their 30th day?
No, they technically have up to 72 hours (day 30, day 31, and day 32) to visit the Alerts tab, view the winning number, and claim the prize if its their number that has been drawn.

Q: Are there any consolation prizes for those who don’t win the cash prize?
Yes, there will be multiple consolation prizes, so all Class Cash entrants should visit the Affiliate Center on day 30 to see if they’ve at least won a consolation prize.

Q: Should I as the sponsor, upline Team Leader, or co-sponsor of a new person be providing them information on the Class Cash drawing?
We don’t recommend making this a focus of your communications with new members, but you can certainly mention it.  Going forwards, we’ll be monitoring interest in the new program and we’ll provide future guidance on this to all sponsors once we know better how it’s being received.

Q: What if a new affiliate loses the email with their entry number?
In the follow-up emails they’ll be receiving from us, we’ll remind them of their entry number.

Q: What if a new affiliate’s ISP won’t deliver the email with their entry number to them?
They’ll have to submit a ticket should this occur.

Q: What happens if a registrant chooses not to enter the Class Cash drawing and instead clicks the “no thanks” button?
They’ll immediately be presented with our new, shorter New Affiliate Intro…which leads to the LaunchPad.  In short, they can jump right into being an SFI affiliate, they just won’t have the opportunity to win the drawing.

Q: I have received Signing Bonuses previously.  The total amount of those bonuses resides in my account.  Do I lose this money?
No. If you have Signing Bonus money in your affiliate account, it will be paid out per the original rules (as 3% of your commissions, for up to 18 months).  Do note, however, that we are changing the name from Signing Bonus to Action Bonus.  That is, the money you received as a Signing Bonus will now be categorized in your account as an Action Bonus.

Q: So you’re going to continue to award bonuses (paid out at 3% over a maximum of 18 months), but the name will just be changed?
No.  No one will receive the $20 bonus just for joining SFI or the additional $80 for doing the E365 actions any more.  But, at least for the time being, we may continue to award Action Bonuses for other things, such as for the daily Biz Quiz prize.

Q: Will SFI Gateways advertise Class Cash like it did Signing Bonuses?
If will be included on the Gateways, yes, but it won’t be like the Signing Bonus program which sometimes confused people because they failed to read the details.  We also won’t lead with Class Cash anywhere (e.g. there won’t be an banners that focus on the Class Cash drawing).

Q: How exactly will it be presented on SFI Gateways?
There will be a simple panel with this text: “Special Bonus: One person joining SFI today will win $250!  Join today to get entered.  No purchase necessary to win.”

Q: Maybe Class Cash shouldn’t be mentioned on SFI Gateways to avoid incentivizing people to join just to win money?
Perhaps.  On the other hand, it’s not a guarantee of income (that some perceived the Signing Bonus to be), it’s just a nice bonus drawing, and it may very well attract sign-ups that turn into serious affiliates.  We’ll monitor it carefully, and if we’re not seeing a net gain, we’ll remove it from the Gateways.

Q: Isn’t Class Cash kind of redundant of the E365 contest?
It some ways it is, but Class Cash is much simpler and more direct.  Hence, we think it will quickly engage many new people and in much higher numbers than E365 does.

Q: It appears that the New Affiliate Intro eliminates the pages that previously walked the new affiliate through confirming their email address, whitelisting, and completing Profile Basics.  Isn’t this bad to pass over these?
The new Class Cash drawing, which provides a strong incentive to register a valid and active email address largely eliminates the need for the email confirmation.  And the whitelisting and Profile Basics pages arguably add unnecessary complexity for new affiliates.  Meanwhile, all of these elements will continue to exist and can be subsequently accessed by new affiliates a little later in the process of getting started with SFI, especially since they represent large amounts of free, easy VersaPoints and are prominently presented in their own section on the To Do List tab.

Q: Is this new program just for new affiliates…or can existing affiliates participate and win prizes too?
It’s only for new affiliates, starting with those joining next week (Class Cash should go live on either July 17th or 18th).

Q: Why does the New Affiliate Intro turn them over to LaunchPad instead of the Affiliate Center?
Our research on this over the years indicates that dropping new persons directly into the Affiliate Center is overwhelming.  Before hitting the Affiliate Center, new affiliates need to understand a few basics.  These basics are what we cover in the intro and in LaunchPad.  Of course, if a new affiliate wants to skip LaunchPad and jump into the Affiliate Center, they can…by clicking the Affiliate Center button located atop each LaunchPad lesson.


Icons of people with speech bubbles..Head over to the FORUM–to the SFI NEWS DISCUSSIONS section–to discuss this announcement with your fellow SFI’ers now.


Signing Bonus program to be discontinued

Beginning immediately, we are phasing out the Signing Bonus program that was launched on November 19, 2015.

THE SCHEDULE:
We are removing all references to the Signing Bonus program on our Gateways, banners, etc. on Wednesday, July 12th.  By Friday, July 14th, all references in LaunchPad, on the To Do List tab, in the Knowledge Base, etc. should be removed.

NOTE: New affiliates joining SFI through Sunday, July 16th, will still be eligible to receive the up-to-$100 Signing Bonuses that are currently referenced in our Gateways, banners, etc. To receive them, they simply need to complete the qualifying actions no later than the end of Sunday, July 16th.

THE REPLACEMENT:
The Signing Bonus program is being replaced with a new program that will come online early next week (see full details HERE).


Icons of people with speech bubbles..Head over to the FORUM–to the SFI NEWS DISCUSSIONS section–to discuss this announcement with your fellow SFI’ers now.


New Signing Bonus “Congrats” e-cards debut

We just added SEVEN new congratulations E-Cards for Signing Bonuses! Use them to bring attention to and congratulate your affiliates who’ve earned and/or increased their Signing Bonuses. Tip: You may want to refer them to our “How the Signing Bonus program works” article. 

You can view and use these new e-cards by selecting the “CONGRATS” category from the “Send an E-Card” pulldown menu on Affiliate Snapshots of your PSAs, CSAs (and other downline members if you’re a Team Leader). NOTE: Access Affiliate Snapshots through your Genealogy Report (just click the name of the affiliate you want to send the E-Card to.

Here are some examples of our new Signing Bonus Congrats e-cards:

ecard_signing_bonus-06_360 ecard_signing_bonus-02_360ecard_signing_bonus-09_360 ecard_signing_bonus-10_360

TIP: For help on using e-cards effectively in your team-building efforts, search for “e-cards” at  our Support Desk and see this Ask SC question and corresponding answers from the SFI community.

Forum Discussion


DISCUSS IT!  Log in at the SFI Affiliate Center, then head over to the FORUM–to the SFI NEWS DISCUSSIONS section–to discuss this announcement with your fellow SFI’ers.


Announcing….$20, $40, and $100 Signing Bonuses!

100_dollar_winner-01Effective immediately, we’ve added a very exciting new incentive for all new SFI affiliates: SIGNING BONUSES!

What’s a Signing Bonus (SB)?  Like the name suggests, it’s a bonus you now qualify for when you sign up with SFI.

All new affiliates will now immediately be eligible to earn $20 just for joining SFI!

The SB amount increases to $40 for those who qualify for Fast-Track Silver.  And for those who qualify for Fast-Track GOLD, the SB increases to $100!

Signing Bonuses will be paid out with regular commissions–paid as a percentage (3%) of your regular commission earnings for a maximum of 18 months.


Example: Your regular commissions for the month are $400.  Hence, $12 (3% of $400) of your SB would be added, for a total earnings of $412.  Each month, you’ll receive a portion of your total SB until it is fully* paid.

*Any remaining SB balance after 18 months is forfeited


Signing Bonuses will be automatically awarded to all new affiliates joining SFI as of TODAY (November 19, 2015).

For those who joined SFI prior to today (November 19th), you will also receive the $20 SB into your account if you’ve not yet qualified as an EA (Executive Affiliate).

Yes, we just deposited over $17,000,000 (17 million dollars) into the SB accounts of thousands of SFI affiliate worldwide–many of whom might be in YOUR downline and now have an extra incentive to get active!

And for every affiliate who joined SFI prior to today (before November 19, 2015), don’t worry, we haven’t forgot about you!  We will also be providing you with an opportunity to earn a SB of up to $100, too!  Be watching for a future announcement with these details.

IMPORTANT NOTE: Because it is redundant of the current $10 Bronze Bonus, we are discontinuing the Bronze Bonus, effective immediately.  Note that if you qualified for the Bronze Bonus in October 2015 (or in a previous month but have not yet taken payment), you will still receive the Bronze Bonus.


FREQUENTLY ASKED QUESTIONS

Q: How will prospects know about the SB?
We’ve added a prominent SB promotion to SFI gateways.

Q: Why would qualifying for a SB cause someone to get active?
SBs are only paid out when regular commissions are earned and paid.  Therefore, if those qualifying for a SB want to receive payment of their SB, they must get to work building a business and earning commissions.

Q: How can I personally promote the new SB?
We’ve created some great new banners–now available in the Marketing Center–for you to promote it.  You can also use the text from the banners in your text ads, etc.  And, of course, you’re encouraged to reference the new SBs in all of your various interactions with prospects and your newest affiliates.

Q: How will new affiliates know they’ve got a SB coming to them and/or that they can increase the amount of the bonus?

  • We’ve added references to the SB in key emails that new affiliates receive in their first ten days.  At a later date, reminder emails will also automatically be sent out so affiliates do not forget about the money they have coming to them.
  • We’ve added it to the My Earnings panel of the Scoreboard tab.
  • Your SB balance, if any, is now displayed in the top, right corner of the Affiliate Center header.
  • Our Fast-Track central info page now prominently lists the $40 and $100 SBs as one of the benefits of becoming a Fast-Track member (as do the Fast-Track alerts on the Alerts tab).

Q: What about someone who joined SFI in the last 10 days and is still Fast-Track-eligible?
For anyone who joined SFI prior to today (Nov. 19) and is still Fast-Track-eligible, we are extending their Fast-Track eligibility for ten more days.  So…even if they only had one day remaining, they now have a full ten days to qualify as silver and increase their SB to $40.  Or, by qualifying as gold (including upgrading from silver to gold), they can boost their SB all the way up to $100!

Q: How does the new SB program affect the TCredits Welcomes and Cash Welcomes that were introduced a few months ago?
These programs have been paused. If you were participating in either of these programs, It’s been turned off for you.  Should we decide later to resume these programs, you’ll be alerted so that you can turn it back on if you want (it will NOT resume without you manually turning it back on).

Q: Why shut down the TCredits Welcomes and Cash Welcomes?
They are redundant and would add too much confusion for new people signing up with SFI.  And, of course, the new SB is a MUCH bigger reward.  Having a separate Cash Welcome (or TCredits Welcome) would only risk overwhelming new affiliates. Note: If you still wish to give your new affiliates TCredits, you can of course still do this, whenever you want, using the TCredits Transfer tool on your Genealogy.

Q: Why don’t ALL existing affiliates automatically qualify for the $20 SB?
The SB program was created to be an incentive to get active with SFI.  Many existing affiliates are already active.  That said, EVERY existing affiliate prior to today (November 19, 2015), who did not receive the immediate $20 SB, is going to have the opportunity to qualify for up to a $100 SB (watch for the upcoming announcement with details).

Q: Isn’t it unfair that all existing affiliates don’t get the $20 SB.  Shouldn’t SFI give everyone $20?
If the new SB program is successful, even to a small degree, you’ll earn way, way, way more than $20 in additional regular commissions in the coming months.  Why?  Because signing up new affiliates will be much easier…and getting them active will be much easier.  All of this will almost certainly lead to more activity, more sales, a larger TripleClicks Executive Pool, and increased commissions for all.  Don’t focus on a nominal, one-time bonus!  Focus on the big picture!

Q: What about all the affiliates in my downline who have already received, or will receive, the $20 SB?  Should I be contacting them about it?
Throughout November and December, we’ll be aggressively promoting the SBs available to ALL affiliates via newsletters, special email blasts, etc.  However, there’s definitely potential value in adding your personal message(s).  For example, you may have affiliates in your group that don’t visit the Affiliate Center regularly and/or that don’t read our announcements and newsletters.  An email coming from YOU, might very well get through and make all the difference!  This is such a special event, in fact, you may want to pull out all the stops and even start making some phone calls, lining up get-togethers, etc.

Q: Is there any way to specifically target those in my downline who have received a SB?
Yes!  We are installing a new “SB Balance” filter in the Genealogy.  You’ll be able to select those who have received a SB and/or have a remaining SB balance (and even be able to select by amount) so that you can send out just the right group messages, etc.  This new filter should be available within a few days.

Forum Discussion


DISCUSS IT!  Log in at the SFI Affiliate Center, then head over to the FORUM–to the SFI NEWS DISCUSSIONS section–to discuss this announcement with your fellow SFI’ers.