-
Diamond Club and A Note on Self Consumption
-
Hi, I’m Todd Krause, Director of Sales for Quixtar. Like Jim Payne, I’m new to blogging but am happy to be part of the Opportunity Zone and share some insights about this business with anyone who visits.
One of the truly great aspects of the Quixtar business is that Independent Business Owners (IBOs) earn income in direct proportion to the effort they apply to building their business. Some people register with Quixtar and set their goals to reach financial independence, while many others simply want to earn extra money each month for spending cash, to put toward a vacation, etc. No dream is too big or too small, all are welcome.
Quixtar’s Independent Business Owner Compensation Plan rewards IBOs for selling an array of high-quality products, and pays bonuses based on the sales of other IBOs they’ve registered. Quixtar provides extensive award and bonus incentives for business building achievements, from cash awards to business conferences in memorable locations. To be eligible for these incentives IBOs must be in compliance at all times with the Independent Business Ownership Plan and the IBO Rules of Conduct.
One of our most exciting business conferences took place this month in Hawaii. Each year, top IBO performers receive an invitation to the prestigious Diamond Club. Our forum return ed this year to Maui for a five day program that revolved around strategic meetings, new product reviews, and a celebration of achievement.
A big focus of this year’s Diamond Club was discussion of First Circle, helping new IBOs become profitable sooner. This is a shared priority for Quixtar and IBO leaders. Jim Payne has told you a little about First Circle right here in Adatudes and will share more in the coming weeks .
Of course we left a little time for golf, the spa, shopping, or just relaxing on the beach.
We are proud of IBO leaders who put so much of themselves into making our business a success. But more importantly, we are proud of all Quixtar IBOs who are defining success on their own terms by pursuing their dreams and goals through the Quixtar business.
I would like to take the opportunity to address questions from an earlier comment regarding the role of products purchased for personal use by Quixtar IBOs. Quixtar promotes a balanced business approach with IBOs and our First Circle initiative embodies this philosophy. By "balanced" we refer to a combined effort that includes self consumption, sponsoring, and retailing (selling product at suggested retail margin, not cost). All three elements need to be in place for an IBO to be as profitable as possible. Any IBO who promotes a self consumption only model clearly falls outside of our philosophy and rules.
The role of self consumption is to help IBOs familiarize themselves with the products that interest them and build their confidence so they can recommend (sell) them to others. Retail margin is an important part of our compensation plan because first, it gets a new IBO earning money right away while building their confidence in the business. Secondly, it provides a stable base of business as IBOs sponsor others and build an organization. We have many accounts from IBOs that some of their most productive downline IBOs started out as retail customers who eventually wanted to try the business opportunity for themselves.