Step commission is a common way to calculate commission based on the business volume reached by the sales team. QNET step commission is one-way QNET independent representatives can earn money. So, you must understand how step commission works and QNET step commission process. All direct selling businesses are based on commission. There is no middle man in a direct selling business, so the commission earned by a direct seller is relatively more than that of the traditional business sales representative.
To understand QNET step commission, let us first see the term business volume.
What is a business volume?
Business volume (BV) is the point value assigned to each commissionable product purchased by an end consumer. The number of points or BV will determine the commission earned. The point-based system is advantageous in a direct selling business because it unifies all currencies and products from the local market in that business. Calculating compensation for a global business is also made easy with the point-based system.
QNET is one of the top direct selling companies in India and worldwide. QNET is a global business and hence has incorporated a point-based or BV system for commission calculation.
Now that we know about business volume, let us see the working of QNET to understand QNET step commission better.
How does QNET work?
Networking marketing in QNET is one of the simplest ways of direct selling. You become a QNET independent representative by purchasing a product or service with a minimum of 500 BV points. You are given a virtual office when you become a QNET independent representative. In this virtual office, you can track the growth rate of your business.
Qualifying your business for QNET Step Commission.
- QNET independent representatives get discounts on QNET products. You qualify your business by selling qualifying products to retail customers or purchasing products for your own personal use. Qualifying products are products with minimum BV points required to earn a QNET step commission.
- You can also qualify your QNET business by having at least two direct referrals under you. Direct referrals are people you have personally introduced to QNET and have started their own QNET business as registered QNET independent representatives. QNET is based on a binary system. So, you must have at least two individuals under you to start earning QNET step commission.
- You earn QNET step commission when you have at least 3000 BV points from both your direct referrals under you. If one of your referrals brings in less BV than the other, this is your lower volume sales team. The lower volume sales team must reach a minimum of 3000 BV within a given sales week for you to earn the commission.
The amount of step commission and a weekly maximum payout you earn depends on your pay rank. The higher your rank, the highest commission you will receive. You can also opt for an early payout option. Early payout is possible when your lower volume sales team has reached at least 1000 BV in the first four weeks after registering as a QNET independent representative.
Power of Duplication
All direct selling businesses or network marketing companies operate from the power of duplication. The power of duplication is replicating a process again and again to grow your business. QNET operates on the power of duplication. Your initial process of finding two customers and selling products with minimum value BV to them is how you qualify your business to earn a commission. The same process applies to direct sellers registered under you.
Suppose you have two direct sellers A and B, registered under you. You must sell them a minimum of 3000 BV each to start earning a commission. In turn, direct sellers A and B register two more direct sellers each, i.e., A as A1 and A2 registered under him, and B has B1 and B2 registered under him. Now, you have a total of six people registered under you as QNET independent representatives. They will follow the process of qualifying their business and start earning a commission. Now, you will earn more than you did previously.
Further, A1, A2, and B1, B2 find two individuals to register under them each. Then your network of independent representatives consists of fourteen members. Again, after duplicating the process of qualifying their business, they will start earning a commission. Your QNET step commission increases as the level of independent representatives increase. When any of these members make a sale, you will automatically earn a commission for their sale. Thus, you are earning without putting in time and energy.
Conclusion
QNET offer great opportunities for entrepreneurs and helps them become successful. The beauty of being a QNET independent representative lies in being financially independent through the QNET step commission. Many individuals have started their QNET business and achieved success. However, it is not a get-rich-quick scheme. Initially, you will have to put time and effort into building your network or team of direct sellers. After that, you keep earning income with minimum effort and energy.
