Listen to Call - January 2, 2016 - Happy New Year Everyone - Vance leads the discussion about the New Nikken and how to maximize the recent Announcements. Nikken emailed this information us New Years Eve:
Dear Nikken Consultants,
You are invited to view the link below from Nikken President, Ben Woodward. Join Nikken as we look ahead into the New Year and hear the company's vision for 2016. Ben shares exciting developments to be rolled out first in North America, and then in Nikken's other global markets throughout the year. Nikken is committed to providing you with the tools and information to grow your business and is looking forward to a very successful 2016 and beyond!
In addition to viewing the video, please read through the detailed Retailing Questions and Answers below. We have made every effort to answer your questions. Please do not hesitate to contact us should you need further clarification. Here's to a successful and prosperous 2016!
From everyone at Nikken, Happy New Year!
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Nikken
President Ben Woodward looks back on 2015 and ahead into the New Year
as he shares the company's vision for 2016. Look for these exciting
developments to be first rolled out in North America…
00:08:15
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Retailing Q & A
Question: Nikken has established a strong new direction now with a clearer emphasis on retail activity. Why is that?
Answer: There are a number of important reasons to support this plan. Firstly, we saw that a large number of people actually joined Nikken to receive a discount on product and a select group comparatively were interested in the business opportunity. Since most people recruited their customers to offer them better prices, they forfeited their income opportunity. That didn't make sense to us, so we have lowered the prices to remove the need to sign up wholesale buyers that are not interested in the business opportunity. We have also provided Personal Web Pages to every consultant to give them a platform to promote and sell the product to their community.
Question: As of January 2016 I need to have at least 100 points in retail sales each month, correct? And do I get paid on it?
Answer: Yes. All consultants will need to have at least 100 points of retail sales in a month to create their Qualified Personal Point Volume (QPPV). This replaces the need to create 100 points through personal consumption. This volume can come from one customer or several.
Question: What counts as a retail sale?
Answer: Any orders placed at retail pricing. This includes all PWP orders.
Question: Do wholesale orders shipped to a customer count as a retail order?
Answer: No. However, you can offer your customers discounts using the PWP product discount through your myNikken back office.
Question: What if I have a number of people that I am placing an order for at one time. Is that one customer order or multiple customer orders?
Answer: Nikken would encourage you to direct your customers to your personal web page to place their orders. Keep it as simple as possible. If you have multiple people placing an order with you to save on shipping costs - you can place it as a retail order, but it would count as a single retail order.
Question: How do I manage products purchased for future retail sales? For example, if I want to buy inventory?
Answer: Nikken would discourage you from buying inventory. Keep it simple and direct people to your website. You can place orders as retail orders if you wish in order to have product available for unplanned opportunities.
Question: Can I place my own personal purchases as retail orders?
Answer: Regulators frown upon personal purchases being used to count towards personal commissions and compensation plan benefits. Stay away from areas of regulatory concern and focus on healthy practices that grow your business the best way possible.
Question: Let's say I really want to buy product for sampling or for inventory. This is a business expense so why can't it count for my volume?
Answer: You will get paid on this volume, it just doesn't count towards 'Qualifying Volume.' You will get the rebates as normal when you achieve the qualification requirements. Please keep in mind also that the Nikken Rewards Point program can offer you points towards FREE product that you can use towards giveaways, sampling and demonstrating etc. Of course, you can enjoy them for yourself also or sell them and make a handsome profit. You have choice there - but you can definitely use those points towards business building activities without having the cost.
CUSTOMER INCENTIVES:
Question: Are customer incentives available?
Answer: Yes, there are 2 major incentives which will come into effect in early January for North America followed by their introduction in Europe.
1) Newly registered customer will receive 40% off their first order placed on your PWP.
2) Registered customers with Auto shipments under their account will receive a 25% discount from retail pricing on applicable consumable items. Retail Autoshipments that are not under a registered customer ID will be available at retail pricing and will not be discounted.
1) Newly registered customer will receive 40% off their first order placed on your PWP.
2) Registered customers with Auto shipments under their account will receive a 25% discount from retail pricing on applicable consumable items. Retail Autoshipments that are not under a registered customer ID will be available at retail pricing and will not be discounted.
LEADERSHIP QUALIFICATIONS:
Question: What about the five-retail sales rule?
Answer: The five-retail sales rule is required for Silvers and above. It is an additional requirement to receive your leadership bonus. Those that are not Silvers do not need to be concerned about this rule yet.
Question: Do the five retail sales have a minimum purchase requirement? A
Answer: No, as a Silver or above you need to have at least 5 retail orders and at least 100 QPPV in retail sales to ensure you qualify for your rebates, overrides and leadership bonus.
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Vance's Tip of the Week
Happy New Year!
Where there is no vision the people run in circles. - King Solomon
Ben Woodward references this ancient proverb in his eight minute new year message.
https://www.youtube.com/watch?v=fybPeIvrq2U
With our new Customer focus making it easier for people to get the products they want at really great prices, Nikken just allowed us to make the vision clearer with a 40% discount for their 1st order AND a 25% discount for consumables on Autoship.
I’ve never been one to make lofty predictions or forecast grand achievements, but I can’t help but believe that if we’ll let others know what Nikken has announced for 2016, this could very well be a turning point year for so many of us.
Vance
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