Anyone you introduce directly beneath you (your 1st Level) is called a Key Appointment.
Start by introducing 2 Key Appointments.
As soon as your 2 Key Appointments pay their premiums and business fees in the same month,
you will be rewarded with your first bonus, the You Can Bonus, of R200 once off. R200 just for
introducing 2 quality people! The key is to ensure that your Key Appointments can pay their
premiums and business fee!
The next step is to increase your 2 Key Appointments to 5 Key Appointments.
By introducing 3 more Key Appointments you can start earning a regular monthly income!
You qualify as an IFA Earner once all 5 of your Key Appointments are paying their premiums
in the same month.
Now that you have 5, double your success by building your 1st Level to 10 Key Appointments.
If your 10 Key Appointments pay their premiums and business
fees, all within three months of you joining IFA, you will be
rewarded again with the Step-Up 10 Bonus of R1,500 once-off.
Well done! You have perfected the formula of 2-5-10.
TIPS:BUILDING A STRONG TEAMNote
: Bonuses are the stepping stones in perfecting the formula of 2-5-10. Read the IFA Rules Manual for more details on other bonuses and earnings.
The goal of every IFA is to become a regular monthly earner. Once you introduce
5 Key Appointments who pay a premium in the same month, you will have
established yourself as an IFA Earner, earning an income every month.
Remember your Key Appointments have also introduced IFAs below them and you are rewarded for their efforts too! The power of IFA Earnings is that you are rewarded on 6 levels for the efforts of your team (downline).
Earnings & Building a Strong TeamIFA EARNINGS ON PREMIUM INCREASES
Every year, on the anniversary of your policy commencement, your premium will increase. IFA Earnings are paid on these premium increases based on the year mode of the premium increase.BUILDING THE CORRECT STRUCTURES IN YOUR NETWORK (TEAM)
The foundation for a successful network marketing business lies in building the correct structure from the beginning. The most common mistake is going too wide (too many Key Appointments) without depth OR going too deep without width (relying on a single downline). The perfect structure is a balance between these two extremes.
IFA rewards those IFAs who build the correct structures. Quartering of earnings applies when there is not an earning Key Appointment on all six levels of one leg of your downline.
The principle is simple. Ensure that at least one IFA at every level (Levels 1-6) within one leg of your downline qualifies for IFA Earnings. If this is not achieved you will earn 25% (one quarter) of the IFA Earnings on business at the levels below the last IFA Earner. In other words, full earnings will only be earned to the level where an Earning Key Appointment exists on that level and above (in the same leg of your downline), thereafter quartering will apply.
TIPS:SUCCESSFUL IFAs BUILD STRONG TEAMS
- Lead by example. Continue to invite people every week so your team can see you hard at work.
- Make sure your team understands how IFA works and how they need to invite others.
- Make sure that everyone in your team understands the importance of paying premiums and business fees.
- Focus on helping someone to become an earner, not just on becoming an IFA.