Below are a few of my favorite things that have helped me run my business well! Tools, resources, planners, product, books...

Below are a few of my favorite things that have helped me run my business well! Tools, resources, planners, product, books...

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TERMS + DEFINITIONS  Let's begin with some commonly used terms in the business building world of Young Living.    Enroller  : The person responsible for personally introducing a new distributor to Young Living. Enrollers are eligible to qualify for financial bonuses, including the Fast Start and Starter Kit bonuses.   Sponsor  : A new distributor’s direct upline and main support. The sponsor may also be the enroller.    Personal Volume (PV)  : Many products sold by Young Living have a Personal Volume (PV) amount assigned to them. The volume of products that are purchased is reflected in PV. PV is one of the requirements for ranking within the compensation plan, and it accumulates throughout each commission period.   Organization Group Volume (OGV)  : Organization Group Volume is the entire sales volume of a sales organization. This can be determined by calculating the sum of the PV of all the distributors and customers within a particular organization. OGV accumulates throughout each commission period and starts over at the beginning of each month.  FULL LIST of terms and definitions here:  https://static.youngliving.com/en-US/PDFS/en-terms_definitions.pdf

TERMS + DEFINITIONS

Let's begin with some commonly used terms in the business building world of Young Living.

Enroller: The person responsible for personally introducing a new distributor to Young Living. Enrollers are eligible to qualify for financial bonuses, including the Fast Start and Starter Kit bonuses.
Sponsor: A new distributor’s direct upline and main support. The sponsor may also be the enroller. 
Personal Volume (PV): Many products sold by Young Living have a Personal Volume (PV) amount assigned to them. The volume of products that are purchased is reflected in PV. PV is one of the requirements for ranking within the compensation plan, and it accumulates throughout each commission period.
Organization Group Volume (OGV): Organization Group Volume is the entire sales volume of a sales organization. This can be determined by calculating the sum of the PV of all the distributors and customers within a particular organization. OGV accumulates throughout each commission period and starts over at the beginning of each month.

FULL LIST of terms and definitions here: https://static.youngliving.com/en-US/PDFS/en-terms_definitions.pdf

RANKS   There are 10 ranks within Young Living. From Distributor all the way to Royal Crown Diamond. As you can see on the image, each rank requires a 100PV order (we will discuss this in more detail next).  Each month, everyone starts over with their OGV at 0. You may make Star one month, and to maintain that rank, you'll need to make it the next month and so on. Every single person whether Star or Royal Crown Diamond has to start over each month. This is where the importance of enrollments and Essential Rewards (monthly auto-ship program) come in. The more people you enroll and the more people you have on ER, the more residual income you will make. Over time, your OGV will grow organically because your organization as a whole is growing!   Take a look at what each rank requires.

RANKS


There are 10 ranks within Young Living. From Distributor all the way to Royal Crown Diamond. As you can see on the image, each rank requires a 100PV order (we will discuss this in more detail next).

Each month, everyone starts over with their OGV at 0. You may make Star one month, and to maintain that rank, you'll need to make it the next month and so on. Every single person whether Star or Royal Crown Diamond has to start over each month. This is where the importance of enrollments and Essential Rewards (monthly auto-ship program) come in. The more people you enroll and the more people you have on ER, the more residual income you will make. Over time, your OGV will grow organically because your organization as a whole is growing! 

Take a look at what each rank requires.

COMMISSIONS  In order for you to earn your paycheck each month, you need to be an active member of Young Living. The way Young Living defines "active" is by placing a 100PV order each month.   There is one exception to this rule and that is called the Fast Start. When you share with someone about the Premium Starter Kit and they purchase it using your member number, you only need to have a 50PVorder that month, to earn the $50 bonus.   *IF you have other members placing orders in your downline, you will need the 100PV to earn ALL COMMISSIONS + BONUSES. The 50PV order will only earn you the Fast Start.  Because of this purchase requirement, we require purchasing 100PV on the Essential Rewards program in order to join our Business Builders Facebook Group. Since you have to place an order anyways, why not earn the points for free product? And we know that to really sell a product, you have to be purchasing and using this product each month. You can't sell a product that you don't believe in.

COMMISSIONS

In order for you to earn your paycheck each month, you need to be an active member of Young Living. The way Young Living defines "active" is by placing a 100PV order each month. 

There is one exception to this rule and that is called the Fast Start. When you share with someone about the Premium Starter Kit and they purchase it using your member number, you only need to have a 50PVorder that month, to earn the $50 bonus. 

*IF you have other members placing orders in your downline, you will need the 100PV to earn ALL COMMISSIONS + BONUSES. The 50PV order will only earn you the Fast Start.

Because of this purchase requirement, we require purchasing 100PV on the Essential Rewards program in order to join our Business Builders Facebook Group. Since you have to place an order anyways, why not earn the points for free product? And we know that to really sell a product, you have to be purchasing and using this product each month. You can't sell a product that you don't believe in.

DIRECT DEPOSIT  Everyone has the option to set up direct deposit! Commission checks are always issued around the 20th of the month. For instance, on July 20th, we will be paid for all activity in June. Why wait a few extra days for your check to come in the mail when you can sign up for direct deposit?! It's very simple to do. Go to "My Profile" and scroll down and select "Setup Direct Deposit" to get started!

DIRECT DEPOSIT

Everyone has the option to set up direct deposit! Commission checks are always issued around the 20th of the month. For instance, on July 20th, we will be paid for all activity in June. Why wait a few extra days for your check to come in the mail when you can sign up for direct deposit?! It's very simple to do. Go to "My Profile" and scroll down and select "Setup Direct Deposit" to get started!

LEGS  "Legs" is probably one of the most common words you'll hear in this business. The definition of a leg is as follows:  "A leg is the sales organization that extends from each personally sponsored distributor. The qualification status of a leg is determined by the OGV in that leg. A distributor must have at least 100 PV at the top of the leg in order for it to qualify. If a distributor fails to qualify with 100 PV within a calendar month, the qualifying legs under him or her will “roll up,” for rank qualification purposes, to the next qualifying upline with 100 PV.  To determine which legs will be used for qualification, a distributor’s legs will be compared against each other to determine which should be considered "qualifying" legs. After all legs are excluded that might help a distributor reach his or her highest paid-as rank, any remaining volume may be counted as PGV, excluding any additional legs that are not paid at the rank of Silver or higher."  Starting at Executive, you are required to have "legs" in order to rank. This essentially means that you need people on your first level who are interested in doing this as a business too. This can be one of the hardest things to find in the beginning. But don't fret! Lots of people need time to get to know their products, before they want to share and make money. Keep educating your team and sharing your love of the products and your organization will start falling into place. For more specific advice on this subject, please speak to your upline.

LEGS

"Legs" is probably one of the most common words you'll hear in this business. The definition of a leg is as follows:

"A leg is the sales organization that extends from each personally sponsored distributor. The qualification status of a leg is determined by the OGV in that leg. A distributor must have at least 100 PV at the top of the leg in order for it to qualify. If a distributor fails to qualify with 100 PV within a calendar month, the qualifying legs under him or her will “roll up,” for rank qualification purposes, to the next qualifying upline with 100 PV.

To determine which legs will be used for qualification, a distributor’s legs will be compared against each other to determine which should be considered "qualifying" legs. After all legs are excluded that might help a distributor reach his or her highest paid-as rank, any remaining volume may be counted as PGV, excluding any additional legs that are not paid at the rank of Silver or higher."

Starting at Executive, you are required to have "legs" in order to rank. This essentially means that you need people on your first level who are interested in doing this as a business too. This can be one of the hardest things to find in the beginning. But don't fret! Lots of people need time to get to know their products, before they want to share and make money. Keep educating your team and sharing your love of the products and your organization will start falling into place. For more specific advice on this subject, please speak to your upline.

   INCOME DISCLOSURE STATEMENT  I want you to SEE the possibility that comes with hard work in this business. This isn't a joke - there are many of us living a life of financial freedom, thanks to a lot of hard work! It's worth every minute I spend on this business.  View full IDS here:  https://static.youngliving.com/en-US/PDFS/incomedisclosurestatement_us.pdf

 

INCOME DISCLOSURE STATEMENT

I want you to SEE the possibility that comes with hard work in this business. This isn't a joke - there are many of us living a life of financial freedom, thanks to a lot of hard work! It's worth every minute I spend on this business.

View full IDS here: https://static.youngliving.com/en-US/PDFS/incomedisclosurestatement_us.pdf

GOING FORWARD  I'll be totally honest here! I want you to give yourself 3-5 years. When people start and then give up after 6 months, it doesn't make sense! Nobody can go to school for 6 months and get their 4 year degree. Why then, do we expect for our business to be booming in 6 months?   We have to look at our own journey, not theirs. Do not compare yourself! You don't know what that person had going on in their life to get them to where they are. They might have had years of training and education to make them an "overnight success". Really, nobody is an overnight success. We all have years of behind the scenes work that nobody sees, so don't get discouraged when it seems like others are moving along faster than you. Remember that the seeds you plant today, may not bloom for years to come - and that's okay!

GOING FORWARD

I'll be totally honest here! I want you to give yourself 3-5 years. When people start and then give up after 6 months, it doesn't make sense! Nobody can go to school for 6 months and get their 4 year degree. Why then, do we expect for our business to be booming in 6 months? 

We have to look at our own journey, not theirs. Do not compare yourself! You don't know what that person had going on in their life to get them to where they are. They might have had years of training and education to make them an "overnight success". Really, nobody is an overnight success. We all have years of behind the scenes work that nobody sees, so don't get discouraged when it seems like others are moving along faster than you. Remember that the seeds you plant today, may not bloom for years to come - and that's okay!