Summary
- Steve Meritt provided a comprehensive overview of the LifeWave Compensation Plan, emphasizing the earning potential and structure for distributors of the X39 product.
- The discussion covered retail sales, product packages, rank progression, binary team building, matching bonuses, and the leadership bonus pool.
- Key details were provided on points, earnings limits, qualifications for different ranks, and strategic recommendations for maximizing commissions.
- Attendees were encouraged to duplicate successful strategies and utilize available resources for tracking and growing their LifeWave business.
Action Items
(none recorded in this meeting)
LifeWave Compensation Plan Overview
- The compensation plan is powered by the patented, exclusive X39 technology, which supports rapid product results and growth.
- Income can be generated through:
- Retail sales: $50 earned per $150 sleeve sold at retail; $20 for preferred customers.
- Product introductory bonuses: Core package ($35), Advanced package ($75), Premium package ($45).
- Upgrades: Members can upgrade from Advanced to Premium by paying the price difference and receive the extra sleeves.
- It is recommended to join at least at the Advanced level (ideally Premium) to maximize earning potential and product access.
- The Premium package allows for sleeves to be loaned to new team members to accelerate team growth and testimonies.
Binary Team Structure and Rank Advancement
- The plan uses a binary structure: build a right team and a left team, with protections and caps to sustain volume and earnings.
- To qualify as Manager:
- Enroll with at least 300 points (Advanced package), sponsor two Core packages on each side, and maintain two-sleeve subscription.
- Cap: $1,500 per week in the binary team commission.
- Rank progression:
- Director: Help one person on each side achieve Manager; earn up to $2,500/week.
- Senior Director: Help two on each side reach Director; earn up to $3,500/week (10,000 points in 4 weeks).
- Executive: Maintain Senior Director structure, but reach 50,000 points in 4 weeks; earn up to $7,500/week.
- Presidential Director: Same structure, 100,000 points in 4 weeks; earn up to $12,500/week.
- Senior Presidential Director: 200,000 points in 4 weeks; earn up to $25,000/week, with an annual cap of over $1 million.
- Resources including rank diagrams and tracking sheets are available at thisisitteam.com for member use.
Matching Bonus and Leadership Pool
- Matching Bonus:
- Earn 25% on the team commission of personally sponsored members (first generation).
- Earn 20% on second and third generations (with simple qualifications described in provided resources).
- No cap on matching bonus earnings.
- Senior Presidential Global Leadership Pool:
- Quarterly bonus shares for those with at least 600,000 points in a 4-week period and for helping team members achieve milestones.
- Additional shares and percentages for weekly growth beyond 20,000 points.
Decisions
- No decisions recorded — This session was informational and focused on compensation plan education.
Open Questions / Follow-Ups
- None recorded; no questions or unresolved follow-ups were raised during this session.