So, you decided to spread the word about Karatbars? You registered as an affiliate and even grabbed a business package? Here is Karatbars compensation plan explained in details for you. I have tried to make it understandable.
As an affiliate with business package there are two main ways you can get paid. There are others but the bulk of commissions comes from these two. Also, you can get commissions as a free affiliate but unless you find people who religiously purchase gold and other Karatbars products, you won’t earn much.
Okay, when somebody you introduce to Karatbars decides to join the company, regardless of whether they want to register as a customer, free affiliate or paid affiliate, they would need your Karatbars name. The easiest thing to do is to give them your referral link. Then you have to choose where you want to put them. There are two options – you can put them either on your left leg or on your right leg. Note, this is not a binary system as in multi-level marketing. This is a dual system. The difference? Accumulated units never flush, they stay there until you are paid on them.
Basically, being Karatbars affiliate means doing marketing. And in all marketing, you are compensated when other people purchase something. In Karatbars, this “something” is gold cards, business packages, gold coins, cash gold and even… gold-based skincare (some contain silk and caviar, oh dear!). Every single product has units. How many, depends on the nature of the item. One of two ways you get compensated is based on the units you accumulate, called cycle bonuses. The second way you get compensated is based on the packages bought by those who you bring into the company, called package bonuses.
How do you get a cycle bonus? Every time when you have 50 units on one leg and 25 units on the other, you get a cycle bonus. Doesn’t matter which one, left or right. The amount of a single cycle bonus depends on the status of your package. If you got a bronze package, your cycle bonus is €10, silver package – cycle bonus is €40, gold – cycle bonus is €60, VIP – cycle bonus is €80. At anytime when you feel like it, you can upgrade to a higher package and commissions will be adjusted accordingly.
How do you get a package bonus? Every time when somebody you sponsor like Karatbars so much that they buy a business package, you get a commission on the package that they buy. The amount, again, depends on your own your package. If you have a bronze package, you get 5% of their package, silver – you get 10% of their package, gold – 15% of their package, VIP – 20% of their package.
Now, an example to make sense of everything I just mumbled about.
A life example
Imagine that you have a gold business package. You spoke to one of your distant relatives who was thinking about saving in gold for a long time. When you told him about Karatbars he jumped right in. He decided to start with a gold package as well. You choose to put him on your left leg. Look on the picture to the right, gold package is worth 50 units. So, you get 50 units on your left leg. Plus, you get 15% of his gold package. Because the cost of packages fluctuates with gold prices*, let’s use an approximate price of a gold package, €800. Remember, that all Karatbars prices are in euros and you are paid in euros. Thus, your package bonus is €800 x 0.15= €120. For your rough conversions: today 1 euro is 1.45 Canadian dollars or 1.09 US dollars.
In a week, you find a former colleague who feels like a silver package and five 1 gram gold cards. You put her on your right leg. Silver package is worth 20 units. So, you get 2o units on your right leg and 15% of her silver package. The approximate price of a silver package is €350. So, €350 x 0.15 = €53. Bear in mind that she also bought five 1 gram gold cards and each 1 gram gold card is 1 unit, so you get 5 units. Now, you have 20 units + 5 units, in total 25 units on your right leg. Altogether, from your relative and colleague, you have 50 units on your left leg and 25 units on your right leg. This is cycle bonus. Since you have a gold package, your cycle bonus is €60. Hence, your total commission from sponsoring these two people is €120 + €53 + €60 = €233. After you cycle, you are left with zero on the left leg and zero on right. But let’s continue.
In a couple days this colleague of yours sponsors her best friend. She registers a friend as a customer on her right leg. This friend immediately buys one 5 gram gold card. A 5 gram gold card is worth 3 units, so your colleague gets 3 units on her right leg. But you get 3 units on your right leg as well! And this happened without your involvement! Hence, as you may have guessed already, when anyone in your downline sponsors someone, you get the same amount of units as they get.
Ideally, as long as you sponsor a couple active people, and each of them sponsors a couple active people and so on, you will start to get units on the regular basis without basically having to do anything. However, that’s in ideal world. Not everyone would find active people, and some would not find any people at all. Therefore, the more people you sponsor on yourself, the better. Even better if you help those in your downline find their people. Definitely, I will give you a hand if you decide to open an account from with website.
Any commissions you earn are put on Karatbars MasterCard debit card every single Friday.
A few suggestions
By and large and without sugar-coating, it is not easy to find someone who understands the value of gold these days. Especially in Canada and US. AND at the same time likes Karatbars as a company. For this reason, to avoid disappointments and invalid conclusions about Karatbars, before you buy one of four business packages, I suggest that you have some friends, relatives, acquaintances who are interested in gold. Or, alternatively, have at least some background in sales or marketing. Otherwise, you will have a hard time, honestly. If you don’t have either but really like Karatbars, open a free affiliate account and simply save in gold. If Karatbars doesn’t appeal to you, get gold in small weights from other places. Quite a few to choose from.
Anyways, that’s it. That’s how Karatbars rewards those who share its existence with others. Any uncertainties? Leave them.
* there is a certain amount of gold in each business package