WorldVentures is a privately-owned, traveling-based network marketing company. The business began in December of 2005 and is located in Plano, Texas. In 2009, WorldVentures acquired Success University, another network marketing company selling online courses. Currently, WorldVentures is operating in 11 states - USA, United Kingdom, South Africa, Cyprus and Israel (only to list a few). In this article, I give you a few pros and cons whom I see with their version, briefly emphasize their products and pay strategy, and will give you an objective and critical review of the WorldVentures Business Opportunity. Incidentally, I need to divulge that I'm NOT a WorldVentures representative.
First, Let Us Go Over Their Two Products
1. The initial product they marketplace is the Leisure Travel Consultant bundle, or LTC. Now, what exactly is the LTC bundle? As a WorldVentures representative, you're giving someone the opportunity to have their own journey-booking-engine website. They are able to book their very own journey on it, or they are able to get out the term to people they know on their website to book their journey. As traveling gets booked on their website, they might earn a tiny percentage.
2. The second product is their flagship product, the Dream Trips Membership. As a WorldVentures representative, it is possible to sell memberships and make a modest commission each time a membership is sold by you. What exactly is exactly is the Dream Trips Membership? The bottom line is, customers are buying into a "travel club" that allows them to leverage the buying power of tens of thousands of other members, giving them the opportunity to travel at discounted, wholesale prices.
Now Let Us Leap Into The Manner In Which You Get Paid In WorldVentures
There are many methods to get paid in WorldVentures. Remember, you've the capacity to determine in case you like to get paid a little... or a lot. It all depends on your time and effort and your targets. Also, in this section of the content, I'll explain the compensation plan only.
Here is the simplified explanation of the compensation strategy:
1. Direct Commissions - You can surely earn $20 for every new sale you personally make. This can be a Dreamtrips membership sale, a Leisure Travel Consultant bundle sale or both (2-for-1 combo). It's possible for you to make an infinite amount of sales and for that reason create an infinite quantity of $20 commissions.
2. Private Sales Bonus - On top of the commissions that are direct, you can even earn Bonus for every 6 private deal you make to Your Own Sales. It's possible for you to earn this bonus as many times as you would like. This Private Sales Bonus consists of $100 in Training Dollars and $250 in cash. Training Dollars can be used for just about any training events you attend that the business puts on. Again, I would like to highlight that you could earn this bonus over and over again and this is in addition to the Direct Commissions you'll have made for the 6 deal that empowered you to get Your Own Sales Bonus.
3. Weekly Team Building Bonuses (Cycles) - With WorldVentures, you simply develop 2 teams: a right time and a left team. As you build both of these teams out, sales will likely be made. Every time there 3 deal made on the left team and 3 deal made on the correct team, a $100 cycle bonus gets paid to you. Keep in mind, these sales may be produced by anyone in your team... Put simply, when there are 3 deal made ANYPLACE in your left team and 3 deal made ANYPLACE in your right team, this bonus gets released. Here's am important detail about Cycle Bonuses: the business pays out a $200 cycle bonus to you every time you cycle within your first 60 days. After your first 60 days, you may continue to get this $200 cycle bonus as long as your are cycling at least 3 times per week.
4. Residual Income - For every 6th cycle, you may get $20-$40 in passive, re-occurring remaining income. Bear in mind that as you continue to cycle over time, this remaining income will continue to develop. This is an essential feature to consider in case you would like to become financially independent. If your monthly residual income was equal to your own monthly expenses what would it be like? Over time, you'll be able to possibly have this occur without having to be concerned about your monthly invoices.
5. Travel Dollars - Like the remaining income payout, for every 6th cycle, you will also earn $100 Travel Dollars. These "dollars" may be redeemed for travel booked through Rovia (air, auto, resort and cruise). This is a wonderful feature as it is possible to literally travel for free (since you're simply redeeming your Travel Dollars when you travel) and anyone within your immediate family can redeem them.
6. Lifestyle Bonuses - there are a few really profitable Lifestyle Bonuses it is possible to earn, As you market yourself through the WorldVentures compensation strategy. And once you hit the place of International Marketing Director, you will receive month Dream Car a a $1,500 Bonus 000 a month Dream House Bonus that $3, and a you can apply to your house payment. This is a very rewarding characteristic since the two biggest expenses of the average family would be mortgage payment and the auto payment.
WorldVentures rewards people for his or her work and also has a recognition software. For example, once you earn $100,000 a year, WorldVentures rewards you with their $100,000 Ring (their version of the Superbowl ring). Not only that, you'll be able to qualify to get a position upon hitting IMD in the company placed above your curent place.
So as you are able to observe, the compensation strategy is pretty good and you can earn a great income by helping people save money on travel and/or helping others get involved with the business. With that said, I want to go from my outlook into 2 pros and 2 disadvantages.
The Pros, first:
1. Sizzle Merchandise - As a congressman, youare going to have the luxury of selling an item which practically everybody loves or wants to do - HOLIDAY! It is fun, easy and exciting to share.
2. Time - The Baby Boomers, WorldVentures is placed in front of three tendencies that are booming: The $8 Trillion Travel Industry along with The Network Marketing Industry. WorldVentures, together with that itself is very youthful and there is lots of room to develop and expand.
And Now The Minuses:
1. Breakage In Compensation Model (Binary) - There are many attributes in the Comp Plan which can be designed to NOT pay you what you're worth or deserve. In ANY Binary, there is a powerful leg (power leg) and a weaker leg (pay leg). Think about this to get a second. Let us say you know a guy which you recruit into your company. Now, let's say by developing a team of A LARGE NUMBER of reps he becomes the company star and explodes his business. Opportunity are he is in your strong leg (power leg). But wait! Wasn't it YOU who contacted and recruited him? Wasn't it YOU who helped him develop his team in the early phases? Does not the business STILL bring in THOUSANDS of dollars of sales monthly that you assembled? Why will not they pay YOU on all that sales that your star is responsible for? Because he is in your strong leg (power leg). In the event you're considering the WorldVentures Chance, this is CRUCIAL. At some point, you will not get paid on your BEST people (assuming they're in your power leg).
(By the way, this doesn't mean ALL binaries are terrible. There are a few firms that run on a binary model but have components in their comp strategy that enable you to benefit from BOTH legs.)
2. Breakage In The WorldVentures Compensation Strategy - WorldVentures also has a ton of breakage inside is comp strategy. For example, AN IMPORTANT area where there's breakage in the comp plan is the truth that you do not qualify to get paid residuals until you're a Director (which means you have a minimum of 90 active representatives on both your right and left legs. Well, I guarantee you there are hundreds upon numerous representatives that are not Directors but have assembled decent teams who do not get paid residuals (but yet the company still brings in that monthly sales).
Should You Join?
WorldVentures is a legitimate business opportunity. Nevertheless, it's critical that you simply do your research and identify if it's the chance you're searching for. For example, in case you're interested in getting in on the front end of a youthful company and ride the impetus that can potentially occur when impetus is hit by the business, subsequently WorldVentures may be for you. But in case you're interested in getting paid equally on your team that is ENTIRE and building residuals DAY ONE, then WorldVentures may not be for you.