Hi Team,
So, we have some BIG changes………One of the main reasons why we like this company is because of Management. All the businesses we have been in in the past have really failed in this area.
Because of what has been happening in the industry to other Revenue Sharing companies and the way they are being promoted all of them are coming under a lot of scrutiny from many regulating agencies. And seeing what is happening to a lot of these companies is severely effecting peoples confidence, and we all know you cannot effectively promote a business or products that you do not have full confidence in.
J.Joshua Beistle said right from the start, if things need to be done to ensure we are compliant, these things will be done! So after he employed a few more lawyer firms to look over things we have some adjustments to make.
Is the Revenue Share model legal? Yes, in fact all of his lawyers have agreed on this, but the problem is that it needs to be used correctly.
Basically what we are doing is purchasing samples and giving them away to people, so they can try our products for free and then hopefully enjoy and come back and purchase more out of their own pocket.
For doing this task we earn JubiPoints and then get paid off of these from the company's revenue share.
Pretty simple stuff, but the problem is that some people have forgotten why we are giving away our samples and are signing up people that are not interested in our products or are just fake….. This is the problem and what the company needs to fix. ZeekRewards and GoFun Places both had this problem, affiliates were purchasing samples and giving them away, but no one was using them, this is a big problem from a regulators point of view!
Quality Score:
So we now have a metric called a Quality Score. This is a percentage and is calculated by dividing your total JubiBucks given away by your total JubiBucks used. For example if you had 2 customers and you gave them both 100 JubiBucks (you now have a total of 200 JubiBucks given away) and 1 customer used 50 JubiBucks (total used JubiBucks of 50) you would divide the 200 by 50 and get 25%, this would be your Quality Score.
To earn off all of your JubiPoints you will need to have a Quality Score of at least 10%, anything below that and you will only be earning on part of your JubiPoint balance.
Your Quality Score is something that will change daily for most of us as either we give away more JubiBucks or our customers use their JubiBucks. Your Quality Score is calculated each day at 7pm CST.
Personally I think this is a great idea as it ensures people are bringing real customers in to the business and not just buying fake ones. And only being 10% it is very achievable.
I was not very impressed that they gave us no notice with implementing this, but they say from a compliance stand point it needed to happen asap.What they have done is made it so that our JubiPoints will earn for an extra 30 days, so this effectively gives us all 30 days to improve our score so that we get our full earnings.
Remember this is our customers just using their free JubiBucks, not them spending their cash.
CV (Customer Volume)
We also have our minimum CV (Customer Volume) amount to meet. This is our customers spend from out of their pocket, not including shipping and is Monthly.
For anyone under 25K JubiPoints you need $30 CV (a customer to spend a min of $30 on products)
For anyone at or over 25K JubiPoints you need $60 CV (a customer to spend a min of $60 on products)
This can be made up from 1 or 100 customers, just as long as the total minimums are met.
All new promoters have a 60 day grace period, this is going to be up on the 1st of June for some of us.
Personally we have a Quality Score of 10.25% and a CV of $76 so we are fine and are earning fully, but we will obviously try and get this a lot higher going forward now that we know this is what we need to meet. And there are many on our team that are also fine and of course a few that are not and need to get in touch with their customers.
What can I do to increase my Quality Score and CV?
We have found some people that have been very positive on the news and others that have not been so positive, either way what I am suggesting to all is to make sure they can get qualified and earn as much as they can while we get all this new information and digest it. Then see what will be involved and whether this fits long term with you or not.
At the end of the day we all want to be able to go to bed and feel 100% confident that our business will be here in the morning, I am very happy to see our president making sure this is happening.
Some of the other new things coming are:
- In 7 to 14 days our DLB will be paid in 100% eCash
- New Digital products:
JubiAcademy - Online Marketing Education
JubiMindSet - Personal Development
- Lowering shipping prices in the coming weeks
- Pro marketing is nearly ready to go. They have about 17 different pages.
- Should have Coffee by the end of the June
- New Fast Start Bonuses
- New Infinity Bonuses
- New Rank Advancement Bonuses
List of this week's webinars, where our leaders will go through all of this in more details.
Wednesday @ 1pm Est - www.jubirevwebinar.com
Wednesday @ 9pm Est - www.jubirevtraining.com
Thursday @ 9pm Est - www.jubirevwebinar.com
Friday @ 1pm Est - www.jubirevwebinar.com
Saturday @ 1pm Est - www.joinwebinar.com
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