Class 6 = company plan and future

Understanding the Company's Compensation Plan

Introduction to the Class

• The speaker welcomes participants to Class Six, focusing on understanding the company's compensation plan and its future growth potential.

• Emphasizes the importance of attending the entire class to grasp planning and systems necessary for long-term success in the company.

Importance of a Clear Compensation Plan

• Highlights that many companies fail due to lack of a clear compensation or future planning, leading them to shut down after a few years.

• Explains that their company operates on a direct selling business model, connecting products directly from distributors to customers.

Direct Selling Explained

• Defines direct selling as a method where products are referred by distributors directly to customers without intermediaries.

• Discusses how income is generated through product sales, explaining that 20% or 25% commissions come from product pricing structures.

Cost Structure and Marketing Strategy

• Breaks down costs associated with product manufacturing versus traditional marketing expenses like celebrity endorsements.

• States that instead of paying celebrities for promotions, they distribute earnings among common people who work as distributors.

Growth Opportunities for Distributors

• Reinforces the goal of making ordinary people wealthy through this business model rather than enriching celebrities.

• Mentions that this system has created numerous job opportunities and income potential for many individuals involved in the company.

How Income is Generated Through Sales

Product Sales Income Breakdown

• Describes how income is calculated when selling products worth ₹2000; explains commission distribution based on sales volume.

• Clarifies scenarios where individuals purchase products without joining but still generate referral income through their ID.

Variability in Earnings

• Notes that commission percentages may vary slightly due to government taxes and offers included in sales prices.

Referral Income Mechanism

• Introduces additional income streams available when referring new members who also engage in product sales within the network.

Additional Income Streams: Reverse Income

Understanding Reverse Income

• Explains reverse income as an extra earning opportunity linked with training sessions attended by new recruits who make purchases.

Cumulative Earnings from Referrals

• Details how multiple referrals can significantly increase total earnings, combining both standard commissions and reverse income bonuses.

Income Structure and Opportunities in Referral Marketing

Overview of Income Potential

• The speaker discusses the potential for extra income through referral marketing, highlighting that referring 50 products can yield an income of ₹25,000 along with a reward income of ₹2,160.

• If 100 products are referred, the total income could reach ₹50,000 with an additional reward income of ₹5,520. This illustrates the exponential growth potential in referrals.

• The speaker emphasizes clarity in understanding the income structure to eliminate doubts about earning potential from referrals.

Withdrawal and Earnings Frequency

• Participants can withdraw their earnings weekly or monthly based on their preferences. This flexibility is crucial for managing personal finances effectively.

• The discussion includes concerns about customer purchases affecting earnings; however, it reassures that even minimal purchases (like a setup charge) can still generate some level of income.

Learning and Implementation

• Emphasis is placed on learning and applying knowledge gained from training sessions to achieve financial success. Those who fail to implement learned strategies may not see results.

• The speaker compares this process to following medical advice; without action (taking medicine), one cannot expect improvement.

Company Growth and Future Prospects

• Insights into the company's future indicate a focus on three main product categories: garments, cosmetics, and mobile accessories. These sectors are expected to drive significant growth.

• The company aims to leverage market needs by offering essential products like mobile accessories which have universal demand.

Market Trends and Employment Opportunities

• Discussion shifts towards online work opportunities as traditional jobs decline due to technological advancements in IT sectors leading to increased unemployment rates.

• The speaker highlights that as technology evolves rapidly, individuals will seek new avenues for employment—potentially gravitating towards referral marketing models like this one.

The Future of Jobs in the Age of AI

Impact of AI on Job Markets

• The debate surrounding job security in the age of artificial intelligence (AI) is ongoing, with predictions made by experts suggesting that blue-collar jobs will be the first to disappear as AI develops.

• Following blue-collar jobs, white-collar positions are expected to be affected, particularly those requiring programming and coding skills. Creative jobs like photography and design may also face challenges.

Shifts in Employment Trends

• Contrary to expectations, creative jobs are being impacted first by AI advancements, indicating a shift where even complex tasks can be automated before simpler ones.

• The education sector is changing; for instance, learning apps can now teach thousands simultaneously, potentially reducing the need for traditional teachers.

Changes in Traditional Professions

• The future for commerce graduates appears bleak as automation replaces many roles previously held by multiple employees in banking and finance sectors.

• Technological advancements have led to significant reductions in workforce requirements within banks; machines now handle tasks that once required dozens of workers.

Automation Across Industries

• As technology evolves, job opportunities diminish across various sectors. Companies must adapt to these changes or risk losing their workforce entirely.

• In healthcare, robots are beginning to perform sensitive operations traditionally done by doctors, raising concerns about job security for medical professionals.

The Role of Robotics in Future Workplaces

• A notable example includes a robot performing a delicate delivery operation successfully—highlighting how advanced robotics could replace skilled human labor.

• Manufacturing processes have become highly automated; fewer workers are needed today compared to decades ago due to machine efficiency.

Construction and Labor Market Dynamics

• Construction methods have evolved significantly; modern machinery can accomplish what used to require large teams of workers within minutes.

• This shift indicates a growing trend towards automation leading to increased unemployment among manual laborers who once filled these roles.

Predictions for Future Employment Scenarios

• With rising unemployment rates anticipated due to automation across industries, companies must find ways to retain talent and offer new opportunities.

• Innovations such as driverless cars threaten traditional driving jobs; this trend suggests widespread job loss across various transportation sectors.

Agricultural Changes Ahead

• New legislation may lead small farmers unable to compete with large corporations that dominate commercial farming practices.

• This could result in individuals losing their ability to farm independently as larger entities take over agricultural production.

Impact of Technology on Employment and Business Opportunities

The Shift in Agricultural Practices

• Large-scale farming will require advanced machinery, leading to potential unemployment for those relying on small tractors.

• As technology advances, many individuals may find themselves without jobs, pushing them towards alternative employment opportunities.

Economic Challenges and Job Market Dynamics

• Rising inflation is making it difficult for individuals earning ₹15,000 - ₹20,000 to manage living expenses in cities like Mumbai.

• High costs of living (e.g., room rent) necessitate additional income sources; people will increasingly seek connections for job opportunities out of necessity.

Company Growth and Individual Opportunities

• The company offers a platform for individuals to earn money through referrals and customer acquisition, promoting mutual growth.

• Building a network of customers is essential; referring products can lead to significant sales and income generation.

Future Trends in Online Commerce

• The future indicates a shift towards online shopping platforms for groceries and other essentials.

• A well-established referral system can yield substantial passive income over time as more customers engage with the products.

Long-term Income Potential

• Creating a pipeline for continuous income through product referrals can lead to lifetime earnings without needing traditional employment.

• Individuals are encouraged to build a customer base that allows them to earn passively while avoiding the challenges of traditional job markets.

Accessibility and Affordability of Joining the Company

• Unlike other companies demanding high investments, this company allows entry with just ₹2000, making it accessible for many.

Personal Experience and Motivation

• The speaker shares their transition from a government job with a salary of ₹35,000 to working in this business model, emphasizing higher earnings without traditional work constraints.

Encouragement Towards Future Success

• Emphasis on understanding the company's compensation plan and market potential is crucial for long-term success. Continuous effort is necessary for achieving unlimited financial gains.