Accounting period is a period of time the beginning and end of which are determined by the company. It is necessary for calculating rewards and partners' volume orders.
Usually the Accounting period lasts a month, from the 7th to the 6th.
ACTIVATING THE PARTNERSHIP AGREEMENT
The partnership agreement is activated by purchasing products from 25 PV (product volume) for the accounting period.
An agreement not activated within two consecutive accounting periods after registration with the Company, including the registration period itself, is canceled and the registration is transferred to the Client status.
Activity means that the Partner fulﬁlls a volume of at least:
Light activity 25-49 PV: to maintain their Partnership agreement and receive loyalty bonus
Main activity 50+ PV: Marketing plan-based network reward, the retention of a Partnership agreement, ect.
Branch is a tier 1 partner and his or her partner group.
Tier is the position of a partner in relation to a higher mentor in his or her structure. All tier 1 partners are personally brought partners.
CALCULATION AND ACCRUAL PROCEDURE
Preliminary calculation of the Personal Bonus, Loyalty Bonus, Gift Bonus for personal purchases and Mentor Bonus without compression is made weekly, every Wednesday, with credits issued to the corresponding internal accounts.
The final calculation of all remunerations is made on the next business day after the end of the period.
Rewards are credited to internal accounts on the second business day after the end of the period.
CONTINUATION OF THE AGREEMENT
The Partnership Agreement is valid under the condition that the partner achieves a minimal volume (25 PV), at least once over six accounting periods.
In the case of inactivity over six consecutive periods, the Partnership Agreement becomes Client Agreement, and the partner group is passed on to the superior mentor.
CONVENTIONAL UNIT (C.U.)
When accomplishing the volumes of main activity (from 50 PV), the network rewards are calculated as a percentage of the sales which is measured in PV.
Rewards are accrued in conventional units (C. U.). For example, for the EU, the conventional unit is 0.75 EUR
A marketing plan is a plan to reward partners and customers of the company for the turnover they have created.
This is a kind of roadmap that determines the path of the partner and the amount of reward at each level.
GREENWAY GLOBAL PAYS OUT MORE THAN 60% OF THE TOTAL CASH FLOW TO PARTNERS, WHO CREATED THESE TURNOVERS!
Mentor is a partner, upon the recommendation and with personal participation of whom a new partner has registered his or her agreement.
PERSONAL GROUP VOLUME (PGV)
Personal group volume (PGV) consists of personal volume in addition to the sales volume of the whole group's partners except for partners' sales who have a qualiﬁcation level of L or higher as well as their groups' volumes.
PRODUCT PRICE FOR PARTNERS AND CUSTOMERS
For each country, the Company sets the price at which Partners and Customers can purchase the products.
Personal purchases (PP) — the overall amount of purchases of the Part- ner not including purchases of their Clients.
PrV — the overall amount of purchases for the accounting period.
Рersonal purchases include Partner and purchases of the registered Clients (also includes purchases through a partner's referral link).
Qualiﬁcation level is the fulﬁllment of certain conditions for turnover and its distribution in the structure for the accounting period.
Rank is an indicator of a partner's career progress.
A partner who fulﬁlls all the conditions for a speciﬁed number of periods gains an appropriate qualiﬁcation level and receives insignias corresponding to his or her rank.
STRUCTURE'S GROUP VOLUME (SGV)
Entire structure's group volume (SGV) is the group volume of an entire structure including the volumes of all partners with qualiﬁcation level L and higher, as well as their personal volume.
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