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** Trademark of MiVeda
MiVeda
Copyright Jeffrey Babener www.mlmlegal.com
Editor's Note:
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Founding Story
The founder of MiVeda is ( www.mlmlegal.com ) Dr. Dale Gerke. He has degrees in dentistry and oral biology. He has had many successful distributorships. He has had many successes in the sciences prior to forming MiVeda. MiVeda is located in India.
Impact on the Industry
NA
Discussion of Products
MiVeda offers safe and non-toxic, personal care, cosmetic, household and nutritional products in the categories of dental care, hair care, skincare, nutritional care, and personal care products.
Discussion of Opportunity
- Pay the highest possible commissions to all distributors
- Be simple, easy to understand and easily explained to others
- Pay new distributors generously
- Reward distributors early in their career
- Encourage people to find and sponsor new people
- Encourage people to help and train their downline and to "build depth"
- Be a long term plan that rewards distributors who have built a successful distributorship and who wish to rely on the income from their distributorship in retirement
- Encourage all leaders within the MiVeda business to work together as a team, whilst allowing them to manage their distributorships with autonomy and flexibility
- Pay leaders very large amounts of money if they develop (www.mlmlegal.com) large and successful distributorships
- Provide additional rewards that are extraordinary and unmatched
- Be benevolent to the underprivileged sections of society through charitable donations
- Support the community
MiVeda Compensation Plan
MiVeda’s Compensation Plan currency is country specific. This allows distributors around the world to be paid in their respective currency even though purchases may have been made in a different country.
This could include individuals purchasing products not available in their home country. There could also be cases where a distributor sponsors downline who live in a different country and who consequently purchase products there. To cater for this, MiVeda provides "seamless" commissions to distributors around the world via international "currency conversion" or Credit Value points.
By using Credit Value points (CV), MiVeda can determine the value (percentage) of commissions that a Distributor will be paid in the relevant currency of a particular country. CV totals (of monthly sales) qualify a distributor at the appropriate level. The CV ratio is the highest in the industry (eg: in India, 1 CV = 1 Rupee and in Australia, 1 dollar = 50 to 55 CV). These values are reviewed (www.mlmlegal.com) regularly to take into account currency fluctuations and to provide the best possible ratio for distributors in every country.
The CV of each product can be seen in the Shopping Cart when you order products (via the Member’s Area). CV is only used to calculate the qualification levels for each distributor. These levels are set very generously to make it as easy as possible for each distributor to qualify at the highest possible level.
The table for “seamless” commissions is shown below. The payment ratio is 1 to 1 (in other words, percentages are paid on the total amount of purchase price of each product - excluding (www.mlmlegal.com) taxes).
For additional information, one must contact company.
Discussion of Distributor Base and Sales Volume in U.S.
NA
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Jeffrey A. Babener, principal attorney in the Portland, Oregon, law firm Babener & Associates, represents many of the leading direct selling companies in the United States and abroad.
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