Thursday, July 19, 2007

Compensation plan

There are six ways to make money in BookWise:

1. QuickStart Commissions
Active Associates will receive a $35 QuickStart Commission on the first qualifying order placed by each new Associate they enroll. Sponsors only receive the $35 QuickStart Commission for those new Associates they have also enrolled. For example, if Liz enrolls and sponsors Mark, she gets the $35 QuickStart Commission on Mark's first qualifying order. If she then enrolls Jim and places him under Mark with Mark as Jim's Sponsor, Liz is the only one who receives the $35 QuickStart Commission on Jim's first qualifying order. (This $35 QuickStart Commission equals the full commissions paid on an enrollee's first qualifying order.)

2. Unilevel Commissions
The BookWise compensation plan was created with four main objectives:

- Simplicity
- Quick Profitability
- Possibility of Substantial Sustained Profitability
- Fairness

To accomplish these four objectives, BookWise rejected the complex qualifying methods associated with most MLMs. There are only two simple qualifications necessary to get paid on eight levels. In addition, there is a third qualification to meet the Bonus Level payments:

- Associates must maintain Active status (having a monthly qualified purchase of at least $35) in order to participate in the BookWise compensation plan and earn Unilevel commissions on level one.
- Associates must maintain Qualified Associate status (having enrolled at least three Active Associates in their organization) in order to get paid on levels two through eight.
- Bonus Level—Associates must enroll a minimum of nine Active Associates into their organization to get paid on the Bonus 9th Level. We call this the Nine for Nine.

Unilevel commissions are based solely on the Monthly Book Selection orders of Active Associates in an organization's downline. All other book order commissions will be paid as Additional Volume Commissions. The Unilevel percentages for each level of a downline are as follows:

Level 1—2%
Level 2—4%
Level 3—2%
Level 4—1%
Level 5—1%
Level 6—1%
Level 7—2%
Level 8—3%
Bonus Level—4%

3. Matching Commissions
This is the truly revolutionary part of the BookWise Compensation Plan—an active Qualified Associate will receive 100% matching commissions on all Unilevel Commissions paid to any Associate they have enrolled in their organization. Imagine if you got to match the checks of everyone you hired at your day job. Pretty exciting idea, really.

4. Preferred Customers
Associates can enroll Preferred Customers into their organization and will earn a 10% monthly commission on all of their Preferred Customers? purchases.

5. Direct Retail Sales
When you join BookWise and purchase a BookWise starter kit, you become a bookstore. All BookWise Associates may purchase books at wholesale prices (40% off) and resell them to friends, family, book clubs, reading groups, etc.

6. Additional Volume Commissions
Active Associates receive a 1% commission on additional books purchased by all Associates in the first five levels of his/her downline, excluding Monthly Book Selection orders.

View a sample compensation plan at http://www.bookwise.com/main/faq.

(This information was adapted from http://www.bookwise.com/main/faq.)

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