Wealthy Family FIM Incentive System
Wealthy Family FIM Incentive System
The FIM Rewards System is a comprehensive incentive program designed to reward its distributors for their contributions through product sales and promotion. The program includes a range of eligibility criteria, sales incentives, withdrawal conditions, as well as relevant systems and rules.
1. Eligibility to participate
The FIM rewards system for affluent families has established four different eligibility criteria, primarily based on the amount of the initial product purchase. These include:
V1 Distributor: First-time purchase of products reaching HK$4000 (approximately 0.5 UV) will receive 500U of FSV points for purchasing rights.
V2 Distributors: For the first purchase of products reaching HK$8000 (approximately 1UV), you will receive 1000U of FSV points for purchasing rights.
V3 Distributors: Upon first purchase of products reaching HK$16,000 (approximately 2UV), you will receive 2,000U of FSV points for purchasing rights.
One-Star Diamond Distributor: Upon first purchase of products reaching HK$32,000 (approximately 4 UV), you will receive 4,000 U of FSV points for purchasing rights.
Explanation: 1. Choose "Product Set" and calculate the payment for self-selected equivalent products. 2. UV refers to upgraded points.
2. Sales Incentives (available to distributors of any level)
The affluent family FIM incentive system offers various sales rewards, including:
Promotion Award: Any level of distributor who directly recommends new customers to make their first purchase will receive an immediate bonus of 20% of the first-generation purchase amount. The second and third generations will receive 3% each.
Performance Bonus: Based on the distributor's level, a performance bonus ranging from 0.5% to 5% can be enjoyed weekly, with specific amounts ranging from $120 to $6000.
Leadership Award: Based on the distributor's level, they can enjoy leadership bonuses from generation 1 to 8, with each generation being 10%.
Honorary Award: Distributors can enjoy an honorary award ranging from 2% to 8% based on their direct level performance.
Star Diamond Bonus: 2% of total revenue will be allocated to the Star Diamond Bonus Fund pool, which will be distributed monthly to distributors of level one Star Diamond and above.
2. Performance Award: All levels of distributors are eligible to enjoy it.
3. Leadership Award.
Explanation: 1. Calculate the 2-8% honor award based on the performance of the direct line.
2. Calculation and Distribution: Calculate once a month and distribute the honor award once.
5. Star Diamond Bonus: 2% of the total revenue is allocated and weighted into the Star Diamond Bonus Fund pool for distribution.
(K value) evenly distributed). Calculated and distributed diamond dividends once a month. Only one star.
Diamond level and above can enjoy.
6. Upgrade: 6.1. You can make a full payment for an upgrade at the original point. 6.2. You can apply for an upgrade through promotion.
Promote by obtaining upgrade points.
7. Disqualification:
1. All bonus income from first-time purchases and point re-purchases (items 1-4) will have 10% deducted and entered into the individual re-purchase fund pool. Only products that accumulate a total of HKD800 are eligible for re-purchase and bonus calculation. Any excess re-purchase amount will be transferred to the individual unit re-purchase fund pool for the next re-purchase and qualification calculation
2. HKD800 per product for qualifying once and calculating the bonus once (qualifications can be accumulated, only calculating "promotion award, performance award, and leadership award").
3 must be renewed every three months to keep active.
8. Withdrawal: You can withdraw once you reach a minimum of HKD200.
3. Other rules and conditions (FIM membership system and FIM reward system rules)
Upgrade: Distributors can be promoted through full consumption or by earning upgrade points through recommendations.
Bonus income from first-time purchases and re-purchases will have 10% deducted and added to the individual repeat purchase fund pool. A minimum accumulated amount of HKD800 is required to participate in repeat purchases and calculate the bonus.
Withdrawal: Distributors can apply for a withdrawal when the accumulated bonus reaches HKD200.
Four, system and rules
Interpretation and Execution Rights: The interpretation and execution rights of the FIM reward system and rules belong solely to the company. All FIM members must comply with the system rules for operation.
Consumption and Calculation: The FIM reward system is based on the mechanism of consuming products and calculating bonuses in real-time. After registering the consumption in the FIM distributor system, distributors can immediately calculate the bonuses upon verification. Once the consumption amount is registered, it cannot be refunded.
The design of this reward system aims to motivate distributors' performance growth through rewarding sales and promotional activities. It provides a range of incentives such as performance awards, leadership awards, and star diamond bonuses to encourage distributors to achieve higher performance goals. The system has clear eligibility criteria and a multi-level reward mechanism, aiming to create a fair, transparent, and attractive reward environment to promote positive competition and cooperation among distributors. At the same time, by setting withdrawal thresholds and implementing a recurring consumption mechanism, the system further enhances its sustainability and stability.
"Integral purchase right" and "recurring consumption mechanism"
In the FIM reward system in affluent families, "point purchasing power" and "repurchase mechanism" are two core concepts that are crucial for understanding how to earn and use rewards within the system.
Points Purchase Right
Integral purchasing rights refer to the points benefits that distributors receive when they make their initial purchase of products, which can be used to purchase company products. These points reflect the purchasing power and level of the distributors, and are determined based on the amount of the initial product purchase. These points can not only be used to purchase products, but also serve as one of the criteria for evaluating the level and qualifications of distributors.
For example, a distributor who makes their first purchase of HK$4000 worth of products will become a V1 level distributor and receive the right to purchase 500U of FSV points. On the other hand, a distributor who makes their first purchase of HK$32000 will become a one-star diamond distributor and receive the right to purchase 4000U of FSV points.
These purchase rights reflect the distributor's investment and position in the system, and can be used to purchase more products, thereby increasing their performance and potential rewards.
Duplex mechanism:
The repurchase mechanism refers to the regular consumption activities that distributors need to engage in to maintain their active status and qualifications within the system. This mechanism ensures the vitality and stability of the distribution network, while also encouraging ongoing product sales.
According to the regulations, 10% of the bonus income from initial purchases and repurchases will be deducted and entered into the individual repurchase fund pool. This means that a portion of the distributor's bonus will be used for future repurchase funds, thereby promoting long-term participation and healthy operation of the system.
Distributors are eligible to participate in one repurchase and calculate bonuses only after reaching a cumulative total of HKD800. This threshold encourages distributors to continue product consumption and ensures the stable growth of the distribution network.
Distributors need to make a repurchase every three months to maintain their active status. This periodic repurchase requirement ensures that distributors continue to focus on product sales and network expansion, promoting a positive cycle and sustainable development of the entire reward system.
In general, the "points purchasing right" highlights the initial investment and level of distributors in the system, while the "repurchase mechanism" ensures the key mechanism for distributors to continue participating and maintaining online activity. The combination of these two establishes a rewarding system for the FIM incentive program that encourages both new sales and maintains the motivation of existing distributors. Through this approach, it promotes continuous product sales and ensures the long-term stability and growth of the distribution network.
Summary of all system data, below is the description of each data:
1. Daily Inquiry (Daily Recharge and Withdrawal Inquiry Process): Users can query the recharge and withdrawal records within a specific time range (by setting a start and end date) by clicking the "Search" button, in order to obtain a clear overview of financial trends.
2. Order Total (Total Order Amount): This refers to the total amount of all orders made by the user during shopping. Below the total amount, the specific amounts paid by various payment methods will be displayed separately, including the amount paid with sub-points, reward points, consumption funds, and credit card.
3. Sub-integral balance (management of sub-integral payment balance): When a member recharges sub-integral, they can use those points for shopping. For example, if a member recharges 8000 sub-integral points and uses them all for shopping, then their sub-integral balance will be 0, reflecting the change in balance after the member's shopping behavior.
4. Total amount of Consumer Fund (Calculation of Consumer Fund): According to the regulations, 10% is deducted from the reward points and entered into the Consumer Fund. The displayed amount here is the total amount of the Consumer Fund, which is calculated based on the deduction from the reward points and included in the Consumer Fund mechanism.
5. Consumption Fund Balance (Tracking of Consumption Fund Balance): After deducting 10% of reward points into the consumption fund, if members use this fund for subsequent repeat consumption activities, this will display the remaining balance of the consumption fund, so that members can understand the available funds for repeat consumption.
6. Total allocation of incentive points (aggregate of total reward points issued): This item displays the total amount of reward points obtained by all members on the entire network, reflecting the overall scale of reward distribution to members by the system.
7. Incentive Payment Balance (Calculation of Incentive Balance): The incentive balance is the remaining amount of incentive funds that is obtained by subtracting the withdrawn incentive points from the total network incentive points. It displays the total amount of unredeemed incentive funds.
8. Total Amount (Aggregate of the total amount of all network order forms): This represents the total amount corresponding to all the order forms submitted by members on the entire network, and serves as a summary of the scale of the network's transaction activities.
9. Total Allocation Ratio (Explanation of Total Allocation Ratio): This refers to the proportion of the total network rewards allocated relative to the total amount of reported funds, used to measure the generosity of reward distribution and its correlation with overall transaction activity.
System All Data Formula:
Daily inquiry:
Formula: Daily recharge amount + Daily withdrawal amount
Source: These data are usually provided by the "Recharge Management" and "Withdrawal Management" forms in the "Electronic Wallet" category. Users can select a specific date range, and the system will calculate the total amount of recharge and withdrawal within that period.
Order total:
Formula: Total amount of all orders
Source: "Order Management" table under the category of "Store Management", calculate the total amount of all orders within a specific time range.
Child integration balance:
Official: The sub-points obtained after recharging can be used as sub-points for shopping
Source: This data value is reflected in the "Electronic Wallet" category's "Electronic Points" table, showing the balance after members use sub-points for shopping.
Total amount of Consumer Protection Fund:
Formula: 10% of the total reward points
Source: Calculated from the "Recurring Consumption Fund" form of the "Electronic Wallet," a certain proportion is deducted from the reward points and entered into the consumption fund according to the system regulations.
Consumer Fund Balance:
Official: The total amount of the Consumer Fund is used for the amount of re-consumption
Source: "Reversal Consumption Fund" form in the "Electronic Wallet" category, reflecting the remaining balance of the consumption fund after deducting it for reversal consumption.
Total allocation of incentive points payment
Formula: Total amount of reward points obtained from the entire network
Source: The "Reward Points" and "Reward Daily Summary" tables under the "Electronic Wallet" category provide the total amount of reward points obtained by all members on the website.
Incentive payment balance:
Official: Total reward points that have been withdrawn from the reward points
Source: The "Reward Points" table of the "Electronic Wallet" category displays the total amount of unredeemed reward money.
Total amount:
Official: Total amount of all network reports
Source: The "Order Management" table under the category of "Store Management" calculates the total amount of orders submitted by all members on the website.
Total allocation ratio:
Formula: Total Network Rewards / Total Declaration Amount
Source: "Daily Summary of Rewards" table in the "Electronic Wallet" category. This ratio measures the proportion of rewards allocated relative to the total amount of reported funds, reflecting the generosity of reward distribution.
FSV points:
In the "Product Management" spreadsheet. In this spreadsheet, information about different products will be listed, including product name, number, market price, member price, and information related to FSV points. This spreadsheet provides detailed data to help distributors understand how to use their FSV points purchasing rights to buy specific products.
In the "Product Management" spreadsheet, the FSV point purchase value next to each product will be clearly indicated, allowing distributors to use their points to choose products of equivalent value. For example, if a distributor has 1000U of FSV points purchasing power, they can choose any product priced at 1000U FSV points. This method enables distributors to directly utilize their points purchasing power to acquire products and drive business growth.
In summary, the relationship between FSV points and products is achieved through the "Product Management" table in the "Store Management" section. This table provides detailed information on the FSV point purchase requirements for each product, allowing distributors to have a clear understanding of how to use their purchasing power with points. This mechanism encourages distributors to purchase products using their points, thereby increasing individual performance and potential rewards.
To illustrate how to use FSV points to purchase rights, here are some specific examples:
Assuming the scenario:
Assuming you are a new distributor and have decided to make your first purchase to join the Prosperous Home FIM system. You have chosen to purchase products worth HK$8000, which according to the Prosperous Home FIM reward system, makes you a V2 distributor and grants you the purchasing power of 1000U FSV points.
Use of Bonus Points Purchase Rights:
First Purchase: You pay HK$8000 to become a V2 distributor and receive the purchasing rights of 1000U FSV points.
Purchase Products: With your 1000U FSV points, you can choose to purchase products of equivalent value. For example, if you want to buy a set of health products priced at 1000U FSV points, you can directly use your points for the purchase without the need for additional cash payment.
Cumulative Performance: Products purchased with FSV points are also included in your personal sales performance, which helps to increase your level in the system and earn more rewards.
Mathematics Example:
First purchase amount: HK$8000
Obtain FSV points purchasing rights: 1000U
Product selection: Choose a set of health products, requiring 1000U FSV points
Actual payment: Purchase with 1000U FSV points, no additional payment required
Cumulative Performance: The value of the purchased product of 1000U will be included in your personal performance
Through this process, you not only achieve your first purchase but also utilize FSV points to redeem products, thereby enhancing your status and potential reward opportunities within the system. This mechanism encourages active participation from distributors and continuous consumption of products, thereby promoting the positive development of the entire sales network.
The table that needs to be updated covers the first purchase activities of new distributors, the purchase of products using FSV points, and how these activities are accounted for in individual performance. The following are explanations of the specific tables that need to be updated and their updated contents.
1. Member Management
- **Update Content**: Add a record to reflect your joining as a new distributor, including your user ID, level (V2), first purchase amount (HK$8000), and the FSV points purchase right obtained through the first purchase (1000U).
- **Explanation**: This form is used to manage the basic information of all members, including their level, name, and consumption amount. As a new distributor, your inclusion is part of this form, recording your first purchase behavior and the FSV points purchasing rights you have obtained.
2. Product Management
- **Update content**: According to the product you have chosen to purchase, it is necessary to update the corresponding product's inventory information and record the details of the product you purchased using FSV points.
- **Explanation**: The product management spreadsheet is used to record information about all products, including product name, number, market price, and member price. When you use FSV points to purchase a product, the sales record of that product needs to be updated in this spreadsheet.
3. Order Management
- **Update content**: Generate new order records, including order number, member number, username, order amount, and product information, to reflect your purchasing behavior.
- **Explanation**: This form is used to manage all order information for members. Your purchasing behavior will generate new order records, including the FSV points used for purchase and corresponding product information.
4. Electronic wallet
- **Update content**: Update your e-wallet information, including the purchasing rights of FSV points obtained through first-time purchases, as well as any changes in PV or SV generated from purchases.
- **Explanation**: The electronic wallet form is used to manage members' financial activities such as top-ups, points, withdrawals, etc. Your first purchase activity and the use of FSV points for purchasing rights will directly affect the relevant financial records in your electronic wallet.
### 5. Membership Level
- **Update content**: Confirm that your membership level has been correctly set to V2.
- **Explanation**: The membership level table is used to define the specific privileges enjoyed by members of different levels. Your first purchase activity has made you a distributor of V2 level, which needs to be reflected in the membership level table.
In summary:
The updates to these forms are for accurately recording your joining as a new distributor, first purchase activities, and the use of FSV points purchasing rights obtained through these activities. By updating this information, the Wealthy Home FIM system can accurately track member activities, manage product inventory, record sales and performance, and maintain members' financial status and level information, ensuring the effective implementation and management of the reward system.
In the "Product Management" spreadsheet, PV and SV are two important indicators that are commonly used in the direct sales industry to measure product value and calculate rewards. Here is their meaning explained in traditional Chinese:
- **PV (Personal Volume)**: PV refers to Personal Volume, which is an indicator that measures the personal performance accumulated by distributors through purchasing or selling products. PV values are typically used to calculate the qualifications, promotions, and various types of bonuses and rewards for distributors. Each product is assigned a certain number of PV points based on its value, and when a distributor purchases or sells that product, the corresponding PV points are added to their personal performance.
- **SV (Sales Volume)**: SV refers to Sales Volume, which reflects the sales performance of a product and is used to calculate the overall sales performance of a distribution network or team. Unlike PV, which primarily focuses on individual performance, SV is more used to measure the sales performance of a team or the entire network. By aggregating the SV generated from the sales activities of all members in a team or network, it can be used to calculate team bonuses, leadership bonuses, etc.
In the "Product Management" spreadsheet, the PV and SV values next to each product provide quantitative information on the individual performance and team performance contribution that the product can bring. These values are crucial for distributors to understand how each transaction affects their performance evaluation and bonus calculation. Through this approach, distributors can strategically choose products to maximize individual and team reward potential.
The following is an explanation of the differences between FSV, PV, and SV
FSV points (points purchase rights)
FSV points, also known as points purchasing rights, are obtained by distributors when they make their initial product purchase and can be used to purchase company products. These points reflect the purchasing capacity and level of the distributor and are determined based on the amount of the initial product purchase. For example, a distributor who makes an initial product purchase worth HK$4000 will become a V1 level distributor and receive 500U of FSV points purchasing rights. A distributor who makes an initial purchase of HK$32000 can become a one-star diamond distributor and receive 4000U of FSV points purchasing rights [22†source].
PV (Personal Volume)
PV refers to Personal Volume, which is an indicator that measures the personal performance accumulated by distributors through purchasing or selling products. Each product is assigned a certain PV value based on its worth, and when distributors purchase or sell the product, the corresponding PV value is added to their personal performance. PV values are typically used to calculate distributor qualifications, promotions, as well as various types of bonuses and rewards.
### SV (Sales Volume, Sales Performance Points)
SV refers to Sales Volume Points, which reflects the sales performance of products and is used to calculate the overall sales performance of a distribution network or team. Unlike PV, which primarily focuses on individual performance, SV is more used to measure the sales performance of a team or the entire network. By aggregating the SV generated from the sales activities of all members in a team or network, it can be used to calculate team bonuses, leadership bonuses, etc.
In summary, FSV points are the purchasing rights obtained by distributors based on their initial product purchase, which can be used to purchase products. PV is an indicator that reflects individual sales or product performance. SV, on the other hand, is used to measure the performance of the entire team or network sales. These three indicators together form an important foundation for measuring performance and distributing rewards in the FIM reward system of Rich Family.
Illustrate the relationship between PV, SV, and FSV with examples
Here is a mathematical example that demonstrates how to calculate PV (Personal Performance Points) and SV (Sales Performance Points), and use FSV (Fidelity Score Value) points for purchasing. This example will also explain the relationship between PV, SV, and FSV.
Assuming the scenario:
Assuming you are a distributor of the affluent FIM system, you have used 1000U of FSV points to purchase the following products:
Health product set A, FSV value: 500U, PV value: 300PV
Beauty product B, FSV value: 500U, PV value: 200PV
In addition, the downline distributors you directly recommended purchased the following products during the same period:
Health product set C, FSV value: 1000U, PV value: 600PV
Calculation process:
Calculate your PV:
Health product set A:
Use FSV purchase rights: 500U
PV: 300PV
Beauty Product B:
Use FSV purchase rights: 500U
PV: 200PV
Your total PV:
300PV (Health Product Set A) + 200PV (Beauty Product B) = 500PV
Calculate your SV:
Your direct downline purchases the health product set C
Underline the use of FSV purchase rights: 1000U
Underline PV acquisition: 600 PV
Your SV: In this assumption, your SV includes your PV plus the PV of your direct downline, because SV reflects the performance of the entire team
Your total PV (500PV) + downline PV (600PV) = 1100PV as SV
Relationship Explanation:
PV (Personal Volume): Reflects the personal performance you have achieved through product purchases. In this example, your PV is 500 PV.
SV (Sales Volume Points): Reflects the overall sales performance of you and your direct downline. In this example, your SV is 1100 PV.
FSV Points Purchase Right: It is the points you use to purchase products, directly converted into PV, indirectly affecting SV. In this process, FSV Points Purchase Right becomes a tool to increase PV and SV.
Result Explanation:
By using FSV points to purchase products, you not only increase your own PV (personal sales volume), but also increase the SV (sales volume) through the purchasing behavior of your direct downline, thereby enhancing the overall team performance. This process demonstrates the interaction between FSV points, PV, and SV, and emphasizes the importance of building and maintaining a proactive purchasing and sales direct selling network. In this way, distributors can not only improve their individual performance (PV) through personal purchasing behavior, but also enhance the overall team performance (SV) by cultivating and motivating the sales activities of downline members, ultimately achieving higher levels of promotion and more rewards. This mechanism encourages mutual support and cooperation among distributors, driving the growth and performance improvement of the sales network.
There is a direct or indirect relationship between the recharge amount and FSV points, PV (personal performance points), and SV (sales performance points)
Recharge Amount and FSV Points: The recharge amount usually refers to the funds added to one's account by a distributor in order to purchase products or services. In some cases, the recharge amount can be used to purchase FSV points, which can then be used to purchase specific products or services offered by the company. Therefore, the recharge amount is one of the ways to obtain FSV points, which can be used for transactions and can affect personal volume (PV) and sales volume (SV).
Recharge amount and PV (Personal Volume): When a distributor purchases products with PV value using the recharge amount, this transaction directly increases their personal volume (PV). PV is an indicator of the personal performance accumulated by distributors through purchasing or selling products, and it serves as the basis for evaluating qualifications, promotions, and rewards.
Recharge amount and SV (Sales Volume Points): SV reflects the overall sales performance of distributors and their teams. When distributors or their team members use the recharge amount to purchase products and increase their personal PV, they also increase the total SV of the team. This means that the recharge behavior of distributors indirectly affects the sales performance of the entire team through product purchases.
In summary, the recharge amount is the financial foundation for distributors to participate in the system and conduct product transactions. By using the recharge amount to purchase products with PV values, not only can individuals improve their performance (PV), but they can also increase sales performance (SV) through the overall purchasing behavior of the team, thereby achieving better development and higher rewards in the system.
System data sample:
User management: includes administrator permission grouping, network diagram, administrator list, message management, member management, member level, change application management, recommended network diagram, modify username and modify referrer.
Membership Level:
The "Membership Level" table is an important data table used to define membership levels, related benefits, and requirements. The following is a detailed explanation of each field in the "Membership Level" table, as well as how to calculate the values of each field.
"Membership Level" Table Field Explanation:
1. **Name**: The name that displays the membership level, such as V1, V2, V3, one-star diamond, etc. Each level reflects the performance standards achieved by the members and their status in the system.
2. **Name (HK)**: Provide the corresponding membership level names for the Hong Kong region, in order to meet the needs of different languages and cultures in the area.
3. **Name (En)**: English name, suitable for international markets or regions where English is the primary language of communication.
4. **Identifier**: A number or symbol used to uniquely identify different membership levels within the system.
5. **Amount**: The first purchase amount required to reach that level, for example, becoming a V1 distributor may require an initial purchase of products worth 4000 HKD.
6. **Points**: The points required to reach the level. Here, points can be understood as the purchasing power of FSV points that members acquire through their first product purchase.
7. **PV**: Personal performance points related to membership levels that may affect a member's eligibility to receive certain rewards.
8. Performance Fund: The percentage of performance rewards that can be enjoyed at that level, such as the percentage of performance bonuses.
9. **FSV**: The quantity of FSV points purchasing rights that members obtain upon reaching this level.
Calculate the values of each field
1. **Amount**: Determined based on the total amount of the product purchased by the member for the first time. For example, if the system requires a first-time purchase of 4000 HKD to become V1, reaching that amount will classify the member as V1 level.
2. **Points/FSV**: After members make their first purchase, the system will convert the purchase amount into corresponding FSV points purchasing rights based on default rules. For example, a first purchase of 8000 HKD may earn 1000U of FSV points.
3. PV: This value is usually set by the company and defined based on the accumulated PV from purchasing products that reach this level.
4. Performance Fund: This is the performance bonus percentage set according to the membership level, with higher-level members eligible for a higher percentage of performance bonus.
In the affluent FIM system, the determination of membership levels is primarily based on the amount of the first product purchase and the corresponding
The FSV points obtained. Members who reach specific levels will enjoy corresponding benefits, including but not limited to specific reward ratios and the ability to purchase points. These level settings are designed to motivate members to improve their levels through purchasing and recommending products, thereby gaining more rewards and recognition. Each level setting reflects the member's contribution to the FIM system and their status within the system, and encourages active participation in sales and promotional activities.
Recommended network diagram:
Tree diagram:
Recommended network diagram - also known as a tree diagram (generated based on recommended relationships), you can view members of unlimited generations. Click "+" to see subordinates' members, their performance, and level.
EG. The image shows "admin ◇ 1000000 ◇ [88000] ◇ One Star Diamond".
In the FIM reward system for affluent families, the representation of "admin ◇ 1000000 ◇ [88000] ◇ one-star diamond" on the tree diagram is as follows:
1. **admin**: This represents the username of the node, which is the identification name of the distributor or user.
2. **1000000**: This number represents the ID of the distributor account, used to uniquely identify the distributor in the system.
3. **88000**: The number inside the square brackets represents the total performance generated by the distributor's direct downline, which includes the total performance generated by the new customers directly recommended by the distributor. This indicates the effectiveness of the distributor's recommendations and the performance contribution of their team, but does not include the distributor's own performance.
4. **One Star Diamond**: This represents the level or title of a distributor. In the FIM reward system for affluent families, distributors can achieve different levels based on their performance, ability to recommend new customers, and other conditions. "One Star Diamond" is one of these levels, indicating that the distributor has reached a certain performance standard and status.
In summary, "admin ◇ 1000000 ◇ [88000] ◇ One Star Diamond" represents a distributor named admin in the tree structure. The distributor has an ID of 1000000, generates direct downline sales of 88000, and has achieved the "One Star Diamond" level. This representation helps to clearly display the distributor's identification information, sales contribution, and level status, and is an important tool for understanding the system's organizational structure and individual achievements.
"Recommendation Relationship Generation"
"Recommendation relationship generation" is a crucial mechanism that describes how the structure of a distribution network is established and developed through the recommendation behavior of distributors. The following is a detailed explanation of this mechanism.
Recommended relationship generation rules:
1. **Relationship between Referrer and Referee**: When an existing distributor (referrer) successfully refers a new customer (referee) to join the Wealthy Home FIM system and make their first purchase, the system will automatically establish a referral relationship. This relationship determines the direct link between the referrer and the referee in the sales network.
2. **Generation of Tree Diagram**: Through the continuous establishment of recommended relationships, the affluent FIM system will generate a tree diagram (or also known as an organizational chart). This diagram reflects the structure of the entire sales network, including the distribution and performance of each distributor and their direct and indirect downlines.
3. **Unlimited Referrals**: In the FIM reward system of Wealthy Family, the generation of referral relationships is not limited by algebra. This means that distributors can recommend new customers without any restrictions, and these new customers can also become referrers, further expanding the sales network. This structure helps in rapid growth and deepening of the distribution network.
4. **Recommendation Rewards**: According to the rules generated by the recommendation relationship, the referrer can receive an instant bonus based on the first purchase amount of the referred person. In addition, the referrer can also receive multi-level rewards such as performance rewards, leadership rewards, and honor rewards from the sales performance generated by their downline network.
5. **Viewing and Managing Tree Structure**: Distributors can use the system to view their tree structure and understand their referral network, including the number of downline members, performance, and corresponding distributor levels. This helps distributors better manage and motivate their teams, and develop strategies to drive performance growth.
In summary, the "recommendation relationship generation" rule is a core mechanism in the wealthy family FIM reward system. It not only promotes the rapid growth and expansion of the distribution network but also provides distributors with abundant incentive opportunities. Through this structure, distributors are encouraged to actively recommend new customers while continuously striving to improve their sales performance in order to achieve higher distributor levels and receive more rewards. The establishment and incentive mechanism of this recommendation relationship form a dynamic and mutually supportive distribution network, which is conducive to achieving personal performance improvement and deepening team cooperation, ultimately driving the continuous development and prosperity of the entire wealthy family FIM system.
The "Modify Referrer" function is not directly explained in detail. However, based on general understanding and system operation, I will explain each field in the "Membership Level" table (Name, Name (HK), Name (En), Identifier, Amount, Points, PV, Performance Fund, FSV), and how the values of each field are calculated based on the database table.
"Membership Level" Table Field Explanation:
1. **Name**: The Chinese name of the membership level, such as V1, V2, V3, one-star diamond, etc., used to indicate the specific level that the member has achieved.
2. **Name (HK)**: For Hong Kong region, there may be special labels for member levels. Usually the same as the "Name" field, but provides region-specific identification.
3. **Name (En)**: The English name of the membership level, for international management and recognition.
4. **Identification**: A number or symbol used to uniquely identify different membership levels within the system.
5. **Amount**: The minimum initial purchase amount required to reach the level, used to determine the financial conditions for member upgrades.
6. **Points**: The quantity of FSV points granted upon reaching a certain level, reflecting the rewards obtained by members after purchasing products.
7. **PV**: The personal performance point threshold corresponding to this level is an important indicator for measuring individual sales performance.
8. **Performance Fund**: Members who achieve this level can receive a proportion or amount from the performance fund, usually related to performance rewards.
9. FSV: Reflects the total number of FSV points required to achieve that level, serving as a criterion for membership qualification.
Calculate the values of each field:
- The values of "金額" (amount), "積分" (points), "PV," "業績基金" (performance fund), and "FSV" are set according to the specific provisions of the "Wealthy Family FIM Incentive System." For example, if it is required to reach a first-time purchase of 8000 HKD to achieve V2 level, then the value corresponding to the "金額" field would be 8000. Correspondingly, based on the first-time purchase amount, members will receive a certain quantity of FSV points purchasing rights, such as 1000U, which should be filled in the "積分" field.
- **Label**: Automatically generated by the system for internal identification, with a unique label for each level.
- The name fields (including **Name**, **Name (HK)**, and **Name (En)**) are filled in directly based on the member's level setting. These names are usually
It is defined by the FIM system of wealthy families according to its reward system regulations.
When calculating the proportion or value of the "performance fund," it is usually determined based on the percentage of performance bonus specified in the reward system according to the membership level. For example, if a V2 level member is entitled to a 1% performance bonus, the information is directly reflected in the "performance fund" field.
In practical operation, the specific values or proportions of fields such as "amount," "points," "PV," "performance fund," and "FSV" need to be set and adjusted according to the official reward system documents of Wealthy Family FIM. The setting of these values aims to motivate members to improve their level in the system by selling and recommending new members, thereby obtaining higher rewards and recognition.
Therefore, the values of these fields are not obtained through calculation, but directly set based on the specific provisions of the reward system. For the management team, maintaining and updating these values is key to ensuring that the FIM reward system is fair, transparent, and attractive.
Please note that the specific implementation details, numerical settings, and how to operate these fields in the FIM system will depend on the technical implementation and management policies of Wealthy Family. Administrators and system developers need to adjust the settings of relevant fields in the system in a timely manner based on the latest regulations and updates of the Wealthy Family FIM reward system.
Store management: includes product classification, product management, and order management.
Below is a detailed explanation of each field in the "Product Management" form, and guidance on how to calculate the values for these fields:
"Product Management" Table Field Explanation:
1. **Category**: The major category or region to which the product belongs, used to differentiate different categories of products, such as "health supplements," "beauty and skincare," etc.
2. **Classification**: More specific product categories, belonging to subcategories under a section, such as "health supplements" under "vitamins," "minerals," and so on.
3. **Name**: The specific name of the product, directly reflecting the brand and characteristics of the product.
4. **Serial Number**: The unique identification code of the product used for internal tracking and management within the system.
5. **Market price**: The normal selling price of a commodity in the market.
6. **Member Price**: A discounted price specifically for company members, usually lower than the market price.
7. **PV (Personal Volume)**: The personal volume points that can be obtained by purchasing the product, used to calculate the rewards and level advancement of distributors.
8. **SV (Sales Volume)**: The contribution points of purchasing the product to the overall team performance, used for calculating team rewards.
9. **圖片**：商品的圖片，用於線上商城展示。
10. **單位**：商品的銷售單位，如「瓶」、「盒子」等。
11. **Inventory**: The current quantity of goods in stock.
12. **Publish**: Whether the product has been published on the online store, used to control the status of product listing.
13. **Release time**: The time when the product is put on the shelves.
How to calculate the values of each field:
- **Partition**, **Category**, **Name**, **Image**, **Unit**, **Release**: The values of these fields are usually provided by the supplier or manufacturer of the product, or set by the company based on the characteristics and marketing strategy of the product.
- **Number**: Generated automatically by the system or manually assigned by the company according to certain coding rules.
- **Market price**, **member price**: Determined based on the cost of the product, market competition, and the company's marketing strategy. The member price is usually set lower than the market price to provide members with more purchasing benefits.
- PV, SV: Set according to the company's reward system and performance calculation standards. The setting of PV and SV reflects the contribution of purchasing the product to individual performance and team performance.
- **Inventory**: Dynamically calculated based on the production, purchase, and sales of goods. The inventory level decreases with the sales of goods and increases with the purchase or production of goods.
- **Release time**: The specific date and time when a product is put on sale, usually automatically recorded by the system when the administrator publishes the product.
In practical operation, the accuracy and timeliness of managing product information are crucial for maintaining the effective operation of the direct selling system. The "Wealthy Family FIM Incentive System" and similar direct selling systems require precise product management to ensure that distributors and members can clearly understand product information and also ensure that rewards and performance calculations are based on fair implementation of product sales. Product management is one of the core aspects of direct selling company operations, requiring comprehensive consideration of factors such as market demand, inventory management, pricing strategies, and incentive mechanisms.
E-wallet: Value management, honor awards, monthly recurring expenses, diamond dividends, weekly performance awards, electronic points, daily reward summary, recurring expense reward details, recurring expense fund, withdrawal management, reward points, transfer management, and reward details
Honorary Award
The "Honorary Award" form in the "Wealthy Family FIM Incentive System" is not directly displayed, but I will explain how to understand and calculate the fields related to the "Honorary Award" based on the relevant concepts mentioned in the document (ID, Total Amount, Average, Remarks, Date)
"Honorary Award" Field Explanation:
1. **ID**: The unique identifier for each record of an honor award. This is typically an incrementing number used to track and manage the issuance records of each honor award in the system.
2. **Total Amount**: Refers to the total amount of honor bonuses that all eligible distributors are entitled to receive during the calculation period. This figure reflects the sum of honor bonuses, ranging from 2% to 8%, calculated based on the performance difference at the direct level within a certain period of time.
3. **Average**: If the distribution of the honor award is based on some allocation mechanism (such as ranking or performance ratio), this field may indicate the average amount of honor award that each eligible distributor should receive. In some cases, if the honor award is distributed based on contribution or other weighted criteria, this field may be used to display the weighted average value.
4. **Note**: Provide additional information or special instructions regarding the issuance of honorary awards. For example, this may include special considerations, adjustment reasons, or other management information for the current honorary award.
5. **Date**: Records the date of calculation and distribution of honorary awards. This ensures transparency and traceability, while allowing managers and distributors to know the specific timing of honorary award distribution.
How to calculate the values of each field:
- **ID**: Automatically generated by the system, the ID increases automatically with each new record.
- Total Amount: According to the provisions of the "Wealthy Family FIM Incentive System" regarding the Honor Award, the total amount is calculated by applying a percentage of 2% to 8% to the direct downline performance of all eligible distributors. For example, if the total direct downline performance within a month is 1 million, and the distributors' honor award percentages vary based on their ranks, the total amount needs to be calculated separately according to these percentages and then added together.
- **Average**: If applicable, it is calculated by dividing the total amount by the total number of eligible distributors. This may require adjustments based on the specific contributions of distributors or other weighted criteria.
- **Note**: This is manually filled out by administrators based on the specific circumstances of award distribution.
- **Date**: The exact date on which the calculation and distribution of the honor award is recorded, usually automatically logged by the system.
In practical application, the exact method of calculating the "honorary award" will depend on specific institutional regulations and management strategies. The calculation process requires access to multiple database tables, such as "member management" (which records the distributor's level and performance) and "performance V level" (which defines the proportion of honorary awards for different level distributors), to ensure that each distributor receives the honorary award fairly based on their direct performance difference.
Moon disappears and reappears
In the "FIM Rewards System for Wealthy Families" document, there is no direct detailed description of the "monthly recurring consumption" form. However, based on the concept of "monthly recurring consumption" in typical direct selling and multi-level marketing systems, we can infer the meaning of the fields that the "monthly recurring consumption" form may contain, as well as how to calculate the values of these fields based on the database tables and files. The following is a detailed explanation of each field and guidance on how these fields are calculated in a general direct selling system:
"Monthly Disappearance" Table Field Explanation:
1. **ID**: Record identifier, a unique number assigned to each monthly recurring record for tracking and managing monthly recurring activities in the system.
2. Total number of participants: The total number of members participating in the monthly repurchase activity. This number reflects the total number of members who have completed the repurchase requirements within the specified month.
3. Total Amount: The total amount of all member purchases participating in the repurchase. This may include the total value of all products purchased by members to meet the repurchase requirements.
4. **Note**: Provide additional information or special instructions regarding the monthly recurring activities, such as possible special changes to the recurring policy, rewards, or other important management information.
5. **Date**: Records the specific date of the monthly recurring expense calculation, ensuring transparency and traceability, while allowing managers and members to understand the specific timing of recurring activities.
How to calculate the values of each field:
- **ID**: Automatically generated by the system, the ID increases automatically with each new record.
- **Total number of people**: Calculated by querying the "Membership Management" table for member records that meet the monthly repurchase conditions. For example, if the repurchase condition is to purchase a certain amount of products every month, the system will count the total number of members who meet that condition.
- **Total Amount**: Calculated by summing up the total order amounts that meet the conditions for repeat consumption in the "Order Management" table. This requires adding up all the order amounts that meet the repeat consumption criteria for the current month to obtain the total amount.
- **Note**: This is manually filled out by the administrator based on the specific circumstances of the monthly recovery and reactivation activities, including any adjustments to recovery policies or special reward information.
- **Date**: Record the exact date of conducting monthly data statistics, usually the system automatically records the last day of the month or the date when the administrator performs data statistics.
Through this method, the "Monthly Repurchase" activity can encourage members to regularly purchase products, increase member engagement, and also create stable revenue for the company. The calculation and management of each field require system support to ensure data accuracy and effective management. Please note that the specific calculation methods and policies may vary according to the actual provisions of the "Wealthy Family FIM Incentive System".
Diamond Dividend:
In the "FIM Rewards System for Wealthy Families" document, if the term "Diamond Bonus" table is mentioned, it usually refers to the bonus allocated to distributors who have reached a specific level (such as the Diamond level) based on company profits or designated funds within a certain period of time. The following is an explanation of the possible fields that may be included in the "Diamond Bonus" table based on general understanding, as well as a detailed explanation of how to calculate the values of these fields.
"Dividend Distribution" Table Column Explanation:
1. **ID**: The unique number that identifies each diamond dividend record. This is an automatically incremented number used to track and manage diamond dividend activities in the system.
2. Total Amount: The total amount of diamond bonuses that should be allocated to all eligible diamond level distributors during the calculation period. This figure reflects the total bonus amount calculated based on company performance or the diamond bonus fund within a specific time frame.
3. **Average**: If diamond dividends are distributed equally among distributors, this field may indicate the average amount of dividends each eligible diamond-level distributor should receive. If dividends are distributed based on a certain ratio or performance, this field can also be used to display the weighted average value.
4. **Note**: Provide additional information or special explanations regarding diamond dividends, such as special considerations for the dividend period, adjustment reasons, or other important management information.
5. **Date**: Records the date of diamond bonus calculation and distribution. This ensures transparency and traceability, while allowing managers and eligible distributors to know the specific timing of bonus distribution.
How to calculate the values of each field:
- **ID**: Automatically generated by the system, the ID increases automatically with each new record.
- Total Amount: Determined based on the company's profitability or the accumulated total of the diamond bonus fund, as well as the bonus policy. For example, if the company stipulates a 2% diamond bonus based on annual profits, then the total amount will be calculated based on the annual profits.
- **Average**: Calculated by dividing the total amount by the total number of eligible diamond grade distributors. This takes into account possible weighted criteria in the bonus policy, such as individual or team performance of the distributors.
- **Note**: This is manually filled out by the administrator based on the specific implementation of the dividend policy or any special circumstances.
- **Date**: Record the exact date of the diamond bonus data statistics and distribution, usually automatically recorded by the system or by administrators for data statistics.
The calculation and management of these fields need to be carried out in conjunction with the specific provisions and performance of the Wealthy Family FIM system. The Diamond Bonus system aims to reward the contributions of high-level distributors, encourage distributors to improve their performance, and enhance loyalty and participation in the company. Please note that the specific implementation details, numerical settings, and how to operate these fields in the system will depend on the actual provisions and management policies of the Wealthy Family FIM Rewards System.
Weighted standard description:
Based on the updated document of the "Wealthy Family FIM Incentive System" and the description of weighted criteria provided by you, let us explain how to calculate average dividends using a mathematical example, particularly when considering possible weighted criteria. This example will demonstrate how to calculate weighted dividends based on the individual or team performance of distributors at the diamond level.
Assuming the scenario:
- The company has decided to allocate a total bonus amount of 100,000 yuan to qualified diamond-level distributors.
- There are 3 diamond-level distributors who meet the bonus criteria, namely distributors A, B, and C.
- Dealer A's team contributed 50% of the total performance, Dealer B's team contributed 30%, and Dealer C's team contributed 20%.
Calculation process:
1. Determine the weight of dividend distribution.
- The weight of distributor A is 50%
- The weight of distributor B is 30%
- The weight of distributor C is 20%
2. Calculate the bonus for each distributor.
- Distributor A's bonus = Total bonus amount * A's weight = 100,000 yuan * 50% = 50,000 yuan
- Distributor B's bonus = Total bonus amount * B's weight = 100,000 yuan * 30% = 30,000 yuan
- Distributor C's bonus = Total bonus amount * C's weight = 100,000 yuan * 20% = 20,000 yuan
3. Calculate weighted average dividends.
- Weighted average dividend is not a simple average dividend, as the dividend for each distributor is weighted based on their performance. In this example, the weighted average dividend is actually equal to the exact dividend amount that each distributor receives based on their performance weight.
Result Explanation:
In this example, by considering the performance contributions of each qualifying diamond-level distributor, we calculate the dividends with weighting to ensure a fair and reasonable distribution. Distributors A, B, and C receive different dividend amounts based on their respective team performance contribution ratios, reflecting that distributors with higher performance receive more dividends. This weighted dividend mechanism aims to reward distributors who contribute more to the company's performance and encourage all distributors to improve their individual and team performance.
Please note that this example is based on hypothetical scenarios for illustration purposes only. The actual calculation of weighted dividends will be carried out in accordance with the specific provisions and dividend policies of the "Wealthy Family FIM Incentive System". The weighting criteria and dividend policies may vary depending on the company's performance, profitability, and management decisions.
Performance Award Weekly Settlement
Due to the lack of a detailed description of the "Performance Bonus Weekly Settlement" form in the updated document of the "Wealthy Family FIM Incentive System," I will explain the possible fields that the form may include and how to calculate the values of these fields based on the general distribution mechanism of performance bonuses in direct selling systems and multi-level marketing (MLM) systems
"Performance Award Weekly Summary" Table Field Explanation:
1. **ID**: This is a unique identifier used to identify each record of performance awards week settlement in the system.
2. **Total Amount**: Refers to the total sum of performance bonuses that all eligible members can earn within a calculation period (usually one week). This number reflects the total amount of bonuses calculated based on member performance during that period.
3. **Average**: If performance bonuses are distributed among eligible members according to certain rules, this field may indicate the average amount of performance bonuses received by each eligible member.
4. **Note**: Provide additional information or special instructions regarding the weekly performance bonus, such as possible special adjustments to the bonus calculation for that week or important notifications.
5. **Date**: The specific date or period recorded for the calculation and distribution of performance bonuses. This ensures transparency and traceability, allowing managers and members to know the exact timing of performance bonus distribution.
How to calculate the values of each field:
- **ID**: Automatically generated by the system, the ID increases automatically with each new record.
- **Total Amount**: The total bonus is calculated by calculating the performance achieved by eligible members during the specified period, according to the rules of the Wealthy Family FIM incentive system for performance bonuses. For example, if the system stipulates that performance bonuses are distributed based on a certain percentage of individual or team performance, it is necessary to sum up and calculate the total bonus for all eligible members' performance.
- **Average**: Calculated by dividing the total amount by the number of eligible members. This requires determining which members qualify for the weekly performance bonus and calculating the average bonus based on the number of these members.
- **Note**: Filled out manually by administrators based on the specific circumstances of performance calculation and distribution process.
- **Date**: Record the exact date or period of the performance award week, usually automatically recorded by the system or set by the administrator when calculating performance.
The specific methods and rules for calculating the "Performance Bonus Weekly Settlement" will be determined
According to the specific provisions and management policies of the "Wealthy Family FIM Incentive System," these regulations define which performances will be included and how bonuses will be allocated based on these performances, ensuring that each eligible member receives fair rewards according to their contributions. Please note that the actual calculation process may require access to multiple relevant database tables, such as "Member Management" (which records members' performance and levels) and "Performance V Levels" (which defines the conditions and proportions for members of different levels to receive performance awards), to ensure accurate calculation of the value of each field.
Due to limitations in extracting specific field and calculation method information directly from the "Wealthy Family FIM Incentive System" update document, the above explanation is based on common practices in multi-level marketing systems and direct sales industries. The specific implementation details, value settings, and operation of fields in the system will be based on the latest regulations and actual business processes of the Wealthy Family FIM system. Administrators and system developers need to adjust and calculate the settings and values of relevant fields in the system in a timely manner according to the specific provisions and updates of the Wealthy Family FIM incentive system.
Multilevel marketing (MLM) system
Multilevel marketing (MLM) system, also known as network marketing or direct selling, is a direct sales model where salespeople not only sell products but also recruit new salespeople to join and earn income from their sales performance. In the MLM system, distributors' sources of income typically include profits from direct product sales and performance bonuses generated by recruiting downline distributors.
Characteristics of MLM system:
1. **Hierarchical Structure**: MLM systems typically have a multi-level structure, where distributors can recruit new distributors as their downline. The newly recruited distributors can also continue recruiting more distributors, forming a multi-level sales network.
2. **Source of Income**: Distributors' income comes not only from the profit of selling their own products, but also from the commissions earned from the sales of their downstream distributors. This means that the income potential of distributors is closely related to the size and activity level of the sales network they have established.
3. **Sales and Recruitment Combined**: MLM systems emphasize the combination of product sales and the recruitment of new distributors, encouraging existing distributors to increase their income by expanding their sales networks.
4. **Training and Support**: Most MLM companies provide training on product knowledge, sales skills, and business development to help distributors improve sales performance and effectively recruit new members.
Examples of MLM systems:
1. **Amway**: A globally renowned direct selling company that offers health, beauty, and home products. Amway's distributors earn income through product sales and recruiting new distributors.
2. **Herbalife**: A direct selling company specializing in nutritional supplements, weight management, and personal care products. Herbalife also operates on the MLM model, allowing distributors to build their own sales teams.
3. **Mary Kay**: A famous American direct sales company for cosmetics and personal care products, distributors earn income through product sales and building sales teams.
Conclusion:
A multi-level marketing system provides a unique business opportunity that allows individuals to create and expand their own business through product sales and recruiting new distributors. However, before joining an MLM company, one should carefully research the company's background, product quality, and income potential, and be prepared to invest the necessary time and effort to build and
Maintaining your own sales network. It is important to understand that MLM success requires continuous effort, good interpersonal relationships, and effective sales strategies. Choosing the right MLM company and product, in line with personal interests and market demands, can help distributors succeed in this industry.
Electronic integration:
Due to the lack of detailed description regarding the "electronic points" table in the updated document of the "Wealthy Family FIM Incentive System," I will explain the possible fields that this table may contain and how to calculate the values of these fields based on the management mechanism of electronic points in a typical multi-level marketing (MLM) system
"Electronic integration" table column explanations:
1. **ID**: The unique identifier for each electronic point record, used to track and manage the changes of electronic points in the system.
2. **Number**: The number assigned to a distributor or user, associated with a specific distributor or user account.
3. **Username**: The username of the distributor or user, used to identify the owner of the account.
4. **Quantity**: The number of electronic points that increase or decrease in a specific transaction.
5. **Balance**: The total remaining amount of electronic points in the user's account after a transaction.
6. **Note**: Provide additional information or special instructions regarding changes in electronic points, such as transaction reasons, event names, etc.
7. **Date**: The date on which the electronic integration change occurs, recording the specific time when the integration increases or decreases.
How to calculate the values of each field:
- **ID**: Automatically generated by the system, the ID increases automatically for each new electronic point record.
- **Number** and **Username**: Determined when the user registers or when the system assigns an account, and used to identify the account owner in every transaction related to electronic points.
- Quantity: Calculated based on specific transaction types (such as purchasing a product, participating in activities, or earning rewards). For example, if a distributor purchases a product and earns 100 points according to the product's point reward rules, the value in this field is +100.
- **Balance**: Calculated by accumulating or deducting the changes in electronic points in the user's account. If the user originally had 200 points and this transaction adds 100 points, the new balance will be 300 points.
- **Note**: To be manually filled in by administrators or the system based on specific changes in electronic points, such as "obtained through product purchase" or "activity rewards," etc.
- **Date**: Record the exact date of the electronic point increase or decrease operation, usually automatically recorded by the system at the time of the transaction.
In practical operation, the specific methods and strategies for calculating "electronic points" will be implemented according to the specific provisions and management policies of the "Wealthy Family FIM Incentive System". The electronic points system is an important tool used by MLM companies to incentivize distributor activities, improve sales performance, and enhance customer loyalty. The management team needs to ensure the fairness, transparency, and motivation of the points policy in order to promote the long-term development of the company and active participation of distributors.
Daily Rewards Summary
According to the "FIM Rewards System for Wealthy Families" and common practices in multi-level marketing (MLM) systems, the following explains the various fields in the "Daily Rewards Summary" table and provides guidance on how to calculate the values of these fields
"Daily Rewards Summary" Table Column Explanation:
1. **Time**: The date on which the total reward data is recorded, usually expressed as year, month, and day. This field helps track the reward situation on a daily basis.
2. **Recommendation**: The total amount of rewards obtained through the recommendation of new members on that day. In the MLM system, the recommendation reward is an incentive for members to recruit new members.
3. **Performance**: The total amount of rewards obtained based on individual or team sales performance for the day. Performance rewards are calculated based on the sales volume of the member and their team.
4. **Leader**: The leader is based on the total amount of rewards obtained by the team under their leadership. Leadership rewards are usually additional rewards obtained by managing and coaching the team's downline members.
5. **Honors**: The total amount of honorary rewards received on that day based on specific achievements or status, such as reaching a certain sales milestone or level.
6. **Dividends**: The total amount of dividends distributed on a given day based on company profits or designated funds. Dividend rewards are a long-term incentive mechanism for senior members.
7. **Total**: The sum of all types of rewards for the day. This field represents the total of recommended, performance, leadership, honor, and bonus rewards.
8. **Repurchase**: The total amount of consumption generated by members to meet the requirements of regular purchases. In some MLM systems, repurchase is one of the conditions for members to maintain active status and qualify for rewards.
9. **Receivables**: The total amount of rewards and expenses generated from member's receivables on that day. This may include rewards or points obtained from recurring consumption activities.
How to calculate the values of each field:
- **Time**: Directly record the date of the day.
- **Recommendation**: According to the "Membership Management" and "Recommendation Network Diagram" tables, calculate the total recommendation rewards for all new members on that day, and then sum them up.
- **Performance**: Calculate the total sales orders of all members on that day through the "order management" form, and calculate the total reward amount based on the performance reward policy.
- **Leader**: According to the "Recommended Network Chart," calculate the performance generated by members leading their downline teams, and calculate the total amount of rewards based on the leadership reward policy.
- **Honors**: According to the "Membership Level" table, identify members who have achieved specific achievements or levels, and calculate the corresponding total amount of honors rewards.
- **Dividends**: Based on the dividend policy defined in the "system settings," calculate the total amount of dividends that eligible members should receive on that day.
- **Total**: The sum of recommendations, performance, leadership, honors, and bonus rewards to obtain the total reward for the day.
- **Re-purchase**: Calculate the total amount of consumption made by all members on that day who meet the re-purchase requirements, through the "order management" table.
- **Receivables**: Add up the total rewards for the day and the expenses generated by repurchases to obtain the total receivables for the member for the day.
Please pay attention
The above calculation method is based on common practices in general direct selling and MLM systems, as well as the understanding of the information provided by the "Wealthy Family FIM Reward System". In actual operation, the specific calculation methods for each field may vary depending on the specific regulations and management strategies of the Wealthy Family FIM system. Administrators and system developers need to ensure that their calculation and data management strategies comply with the latest business rules and reward policies in order to accurately reflect members' rewards. In addition, maintaining and updating this data is crucial for ensuring transparency, fairness, and the effectiveness of incentive mechanisms in the MLM system.
Reward Details for Redemption:
Due to the lack of specific information in the document, the following is an inferred explanation of the operation logic based on general direct selling systems and multi-level marketing (MLM) systems, regarding the interpretation of the fields in the "Recurring Consumption Reward Details" table and the calculation method for their values
"Explanation of 'Reward Details' table columns:"
1. **ID**: The unique identifier for this recurring reward record, used for internal tracking and management within the system.
2. User ID: The identification number of a distributor or user, associated with a specific distributor or user account.
3. **Username**: The username of the distributor or user, used to identify the owner of the account.
4. **Promotion**: The amount of reward obtained by the user through promotional activities or referring new members.
5. **Performance**: The amount of reward that the user receives based on their individual or team's sales performance.
6. **Leader**: The amount of reward money obtained by the user for leading their downline team.
7. **Honors**: The user is awarded a certain amount of rewards based on achieving specific accomplishments or levels of promotion.
8. **Total**: The sum of all reward types in this record for the user.
9. **Time**: The date on which the details of the reward redemption are recorded, usually in the format of year, month, and day.
10. **Operation**: Explanation of the actions performed by the system or administrator on this duplicate consumption reward record, such as "calculation completed," "issued," etc.
How to calculate the values of each field:
- **ID**: Automatically generated by the system, the ID increases automatically for each new record of recurring consumption rewards.
- User ID and User Name: Assigned by the system when the user registers as a distributor or user, and used to identify the user's account in the system.
- Promotion, performance, leadership, honor: The calculation of these reward amounts is based on the data in forms such as "user management," "order management," and "referral network graph." For example, sales orders of the user and their team are statistically analyzed to calculate performance rewards according to the performance reward policy; promotion rewards are calculated based on the number of new members referred and the policy.
- **Total**: The sum of the user's promotion, performance, leadership, and honor reward amounts.
- **Time**: Record the date on which the details of the reward for duplicate consumption were generated or calculated, usually automatically recorded by the system.
- **Operation**: The administrator or system fills in the corresponding operation instructions based on the review, calculation, and distribution status of the reward for retraction.
In practical operations, the accuracy and timeliness of managing the details of reward for repeat consumption are crucial for maintaining the effective operation of the direct selling system. Correctly calculating and recording each detail of the reward for repeat consumption not only ensures that distributors and users can clearly understand their reward situation, but also helps the company effectively track and manage the performance and reward distribution of the distribution network. Please note that the specific calculation methods and reward policies need to be determined according to the specific provisions of the "Wealthy Family FIM Reward System".
Recovery Fund:
Due to the lack of specific information in the document, the following is a logical explanation based on general direct selling systems and multi-level marketing (MLM) systems for the interpretation of the fields in the "repurchase fund" table and the calculation method for their values
"Recovery Fund" Form Field Explanation:
1. **ID**: The unique identifier for each recurring consumption fund record, used for internal tracking and management within the system.
2. **Number**: The number assigned to a distributor or user, associated with a specific distributor or user account.
3. **Username**: The username of the distributor or user, used to identify the owner of the account.
4. **Quantity**: The number of recurring consumer funds that are increased or decreased in a specific transaction.
5. **Balance**: After the transaction, the total balance of the user's account in the recurring consumption fund.
6. **Note**: Provide additional information or special explanations regarding changes in the recovery fund, such as transaction reasons, event names, etc.
7. **Date**: The date on which the changes to the recovery fund occurred, recording the specific time of increase or decrease in the recovery fund.
How to calculate the values of each field:
- **ID**: Automatically generated by the system, the ID increases automatically for each new record of recurring expense funds.
- **Number** and **Username**: Assigned by the system when the user registers as a distributor or user, and used to identify the user's account in the system.
- **Quantity**: Calculated based on specific transaction types (such as purchasing products, participating in activities, or earning rewards). For example, if a distributor participates in an activity and earns recurring consumption funds according to the activity rules, the value in this field would be the quantity of recurring consumption funds gifted by the activity.
- **Balance**: Calculated by accumulating or deducting the changes in the user's account of recurring consumption funds. If the user originally had 200 recurring consumption funds and this transaction adds 100 recurring consumption funds, the new balance will be 300 recurring consumption funds.
- **Note**: To be manually filled in by administrators or the system based on specific changes in the refund fund, such as "participating in monthly promotional activities to obtain".
- **Date**: Record the exact date of the increase or decrease in the redemption fund operation, usually automatically recorded by the system at the time of the transaction.
In practical operations, the accuracy and timeliness of managing the repurchase fund are crucial for maintaining the effective operation of the direct sales system. Correctly calculating and recording each repurchase fund record not only ensures that distributors and users can have a clear understanding of their repurchase fund situation, but also helps the company effectively track and manage repurchase activities in the distribution network. Please note that the specific calculation methods and policies need to be determined according to the specific provisions of the "Wealthy Family FIM Incentive System".
Withdrawal Management:
Due to the lack of detailed explanation in the provided document regarding the "Withdrawal Management" table, the following is an inferred interpretation of the possible fields that may be included in the "Withdrawal Management" table and their corresponding value calculation methods, based on general direct selling systems and multi-level marketing (MLM) systems
"提現管理" Column Field Explanation:
1. **ID**: The unique identifier for withdrawal records, used for internal tracking and management of each withdrawal application within the system.
2. User ID: The identification number of the user, associated with a specific dealer or user account.
3. **Username**: The username of the withdrawal user, used to identify the owner of the account.
4. **Name**: The real name of the user for withdrawal purposes, which may be used for account verification during the withdrawal process.
5. Amount: The amount requested by the user for withdrawal.
6. **Fees**: Transaction fees or other related charges that may occur during the withdrawal process.
7. **Note**: Provide additional information or special instructions regarding the withdrawal application.
8. **Bank**: The name of the bank or account information specified by the user to receive the withdrawal amount.
9. Application Time: The date and time when the withdrawal application is submitted.
10. **Status**: The current status of the withdrawal application, such as "pending review," "approved," "rejected," etc.
How to calculate the values of each field:
- **ID**: Automatically generated by the system, the ID increases automatically with each new withdrawal record.
- **User ID** and **User Name**: Obtained from the "User Management" form, fill in the account information of the user making the withdrawal request.
- **Name**: Fill in according to the information provided by the user during registration or account settings.
- Amount: Specified by the user when submitting a withdrawal request, directly recording the amount the user wishes to withdraw.
- **Cost**: Calculated based on the company's cash withdrawal policy or bank transaction fee standards. For example, if the company stipulates a cash withdrawal fee of 1% of the withdrawal amount, the cost will be calculated based on the withdrawal amount requested by the user.
- **Note**: Provided by the user when submitting a withdrawal request or added by an administrator when processing a withdrawal request, to record any special withdrawal instructions or conditions.
- **Bank**: Specified by the user when submitting a withdrawal request, it records the user's bank account information where they wish to receive the withdrawal amount.
- **Application Time**: Records the specific time when the user submits a withdrawal application, usually automatically recorded by the system.
- **Status**: Updated based on the processing flow of withdrawal requests. After a withdrawal request is submitted, the status may change from "Pending Review" to "Approved" or "Rejected" depending on the review result, which is updated by the administrator.
In practical operations, the accuracy and timeliness of managing withdrawal requests are crucial for maintaining the effective operation of the direct sales system. Properly handling each withdrawal request not only ensures the liquidity of distributors and users' funds but also maintains the financial health and reputation of the company. Please note that the specific processing procedures and policies need to be determined based on the specific provisions and management policies of the "Wealthy Family FIM Incentive System".
Reward Points:
"Reward Points" table is used to track and manage the reward points obtained by distributors through sales activities or other contributions. The following is a detailed explanation of each field in the "Reward Points" table, as well as a guide on how to calculate the values of each field based on the database table.
"Reward Points" Table Column Explanation:
1. **ID**: The unique identifier for this reward points record, used for tracking and management within the system.
2. **Number**: The unique identifier for the distributor or user, directly associated with their account.
3. **Username**: The login name or identification name of the distributor or user.
4. **Quantity**: The number of reward points obtained or used within a specific period of time.
5. **Balance**: The total remaining amount of reward points in the account after the record is generated.
6. **Note**: Additional explanations regarding changes in reward points, such as the specific reasons for earning reward points or the purpose of using reward points.
7. **Date**: The date on which the reward points change, recording the exact time when points are increased or decreased.
Calculate the values of each field:
- **ID**: Automatically generated serial number by the system, each new record will increment automatically.
- **Number** and **Username**: When a distributor registers or joins the system through other means, the system will assign a unique number and username to them. This information is directly obtained from the "User Management" table.
- **Quantity**: Calculate based on the performance of distributors in specific activities such as sales, promotions, or specific incentive programs. The specific point values are determined based on the company's reward policies and activity rules.
- **Balance**: Calculate the balance of this field by summarizing all the reward points added and used in the distributor's account. Balance = Previous balance + Points added this time - Points used.
- **Note**: This field is manually filled out by the recording administrator based on the source or usage of reward points.
- **Date**: The date on which the changes in reward points occurred, usually automatically captured and recorded by the system when creating the record.
In both direct sales systems and MLM systems, the management of "reward points" is an important tool for motivating distributor activities and tracking their performance. By accurately recording the accumulation and use of "reward points," companies can ensure that distributors receive corresponding rewards based on their sales performance and market activity, thereby promoting the active development and expansion of the sales network.
Please note that the above explanations and calculation methods need to be adjusted and applied according to the specific provisions and management strategies of the "Wealthy Family FIM Incentive System". In actual operation, each company may adjust the calculation and allocation mechanism of incentive points according to its own business model and strategy.
Transfer Management:
Due to the lack of detailed explanation in the provided document regarding the "Transfer Management" form, the following is an inferred interpretation and calculation method for the possible fields that may be included in the "Transfer Management" form, based on the general direct sales system and multi-level marketing (MLM) system logic:
"Transfer Management" Table Field Explanation:
1. **ID**: The unique identifier of the transfer record, used for internal tracking and management of each transfer operation within the system.
2. **User ID**: The user's identification number for conducting transfer operations, directly associated with a specific distributor or user account.
3. **Username**: The username of the user performing the transfer operation, used to identify the account owner.
4. Transfer ID: The user's ID who receives the transferred amount.
5. **Transfer to username**: The username of the user who will receive the transferred amount.
6. Amount: The amount involved in the transfer operation.
7. **Note**: Provide additional information or special instructions regarding the transfer operation.
8. Application Time: The date and time when the transfer operation is submitted.
9. **Status**: The current status of the transfer operation, such as "pending approval," "completed," "rejected," etc.
Calculate the values of each field:
- **ID**: Automatically generated serial number by the system, each new record will increment automatically.
- User ID and User Name: When users perform a transfer operation, the system will automatically fill in these two fields based on their account information, which is directly retrieved from the "User Management" table.
- Transfer ID and Transfer User Name: When a user submits a transfer request, they must specify the user ID and user name of the recipient of the transfer. This information needs to match the records in the "User Management" table.
- Amount: Specified by the user when submitting a transfer request, directly recording the amount the user wishes to transfer.
- **Note**: Users can provide this information when submitting a transfer request, or administrators can add it based on specific circumstances when processing transfer requests.
- **Application Time**: Records the specific time when the user submits a transfer application, usually automatically captured and recorded by the system when creating the record.
- **Status**: Updated based on the processing flow of the transfer request. After the transfer request is submitted, the status may change from "Pending Review" to "Completed" or "Rejected", specifically updated by the administrator based on the review result.
In practical operations, the accuracy and timeliness of managing transfer operations are crucial for maintaining the effective operation of the direct sales system. Properly handling each transfer operation not only ensures the liquidity of distributors and users' funds but also maintains the financial health and reputation of the company. Please note that specific processing procedures and policies need to be adjusted and applied according to the specific provisions and management strategies of the "Wealthy Family FIM Incentive System".
Due to the lack of detailed explanation in the provided document, the following is an inferred interpretation and calculation method for the potential fields that may be included in the "Reward Details" table, based on the operational logic of both direct sales systems and multi-level marketing (MLM) systems:
"Reward Details" Table Column Explanation:
1. **ID**: The unique identifier for the detailed record of rewards, used for internal tracking and management of each reward record in the system.
2. User ID: The user ID that has received the reward, directly associated with a specific distributor or user account.
3. **Username**: The username of the user who receives the reward, used to identify the account owner.
4. **Promotion**: The amount of reward obtained through recommending new customers or distributors to join the network.
5. **Performance**: The amount of bonus received based on individual or team sales performance.
6. **Leader**: The amount of reward obtained for leading a downline team or achieving a specific organizational structure.
7. **Honors**: The amount of reward received for achieving specific accomplishments or levels.
8. **Dividends**: Profit sharing distributed to eligible distributors based on the company's profitability and policies.
9. **Total**: The sum of all types of rewards in this record.
10. **Re-consumption**: The amount of money that needs to be spent again, usually as part of the requirements to maintain or upgrade a level.
11. **Receivable**: The total amount of rewards actually expected to be received, taking into account the amount deducted after repeat consumption.
12. **Time**: The date and time when the reward details record was generated.
Calculate the values of each field:
- **ID**: Automatically generated serial number by the system, each new record will increment automatically.
- User ID and Username: Obtained from the "User Management" table, fill in based on the account information of the winning user.
- **Promotion**, **performance**, **leadership**, **honors**, and **bonus**: Calculated based on the company's reward policy. For example, a promotion award may be based on a certain percentage of the recommended person's first purchase amount; a performance award is calculated based on the total sales amount of an individual or team; leadership awards, honors, and bonuses are determined based on achieved levels, organizational structure, and company profitability.
- **Total**: The sum of all reward amounts, including promotion, performance, leadership, honor, and bonuses.
- **Re-purchase**: Based on company policies and distributor levels, the amount required for re-purchase is determined. This is usually necessary to maintain or upgrade the level and requires additional consumption.
- **Receivable**: The total amount minus the amount required for redemption, which is the actual amount of rewards that can be obtained.
- **Time**: The time when the details of the rewards are generated, usually the current date and time automatically recorded by the system.
In practical operations, the accuracy and timeliness of managing reward details are crucial for maintaining the effective operation of the direct sales system. Through detailed recording and calculation of rewards, it not only ensures that distributors can receive corresponding rewards based on their sales performance and contributions, but also helps the company effectively track and manage the performance and financial status of the distribution network. Please note that specific calculation methods and reward policies need to be adjusted and applied according to the specific provisions and management strategies of the "Wealthy Family FIM Incentive System".
Due to the inability to directly access the detailed content of the "Wealthy Family FIM Incentive System," I will provide an example based on the general logic of direct selling and MLM systems to illustrate how to calculate the values of each column in the "Reward Details" table based on the database table.
Calculate the values of each field in the "Reward Details" table
Assuming there is a distributor, and his performance within a calculation period is as follows:
- By recommending new customers to join, his sales team increased sales by 10,000 yuan.
- His personal sales performance reached 20,000 yuan.
- As a team leader, his team's overall sales performance reached 100,000 yuan.
- He received the honor award for a specific event in the company.
According to the company's profit distribution policy, he is eligible to receive a certain percentage of dividends.
The assumed reward policy is as follows:
- **Promotion Award**: 10% of the sales amount for referring new customers.
- **Performance Award**: 5% of individual sales.
- **Leadership Award**: 2% of the team's total sales.
- **Honorary Award**: Fixed amount of 500 yuan.
- **Dividend**: 2% of the company's profits, assuming a dividend of 1,000 yuan is allocated to the distributor.
Reward Details Calculation:
1. Promotion: 10,000 yuan * 10% = 1,000 yuan.
2. **Performance**: 20,000 yuan * 5% = 1,000 yuan.
3. **Leader**: 100,000 yuan * 2% = 2,000 yuan.
4. **Honor**: 500 yuan (fixed amount).
5. **Dividend**: 1,000 yuan (according to profit distribution).
Total Rewards:
- Total = Promotion + Performance + Leadership + Honor + Bonus = 1,000 yuan + 1,000 yuan + 2,000 yuan + 500 yuan + 1,000 yuan = 5,500 yuan.
Assuming that the requirement for **repurchase** is 10% of the total reward amount, the repurchase amount would be 550 yuan.
**Amount Receivable:**
- Accounts receivable = Total - Returns = 5,500 yuan - 550 yuan = 4,950 yuan.
**Time**: Records the date and time of generation.
Please note that the actual calculation method will be based on the specific provisions of the "Wealthy Family FIM Incentive System," including reward ratios, level requirements, etc. This example is only provided as a basic framework to explain how to calculate reward details based on general direct selling and MLM system logic.
System Settings: Parameter Settings, Backup and Restore, Performance V Level, Province and City Area, Menu Management
Performance Level V
According to the "FIM Rewards System for Wealthy Families" and the general logic of direct selling and multi-level marketing (MLM) systems, the following is an explanation of the interpretation and calculation methods for each column in the "Performance V Level" table
"Performance V Grade" Table Column Explanation:
1. **Name**: Reflects the title of the level within the company, used to identify different performance levels.
2. **Name (HK)**: The name of this level used in the Hong Kong region, which may vary depending on the location.
3. **Name (En)**: English name, for better understanding and communication in the international market.
4. **Identifier**: A unique identifier set for each level, usually a number or specific code.
5. **Direct Referral**: The number of new members directly recommended and joined the system by the distributor required to reach that level.
6. **Leadership Algebra**: Distributors at this level can receive leadership awards based on the number or level of their downline.
7. **Leadership Recommendation**: The number of recommended individuals or performance conditions required to achieve this level within a specific hierarchy or generation.
8. **Performance**: The total sales performance achieved by an individual or team to reach the required level.
9. **Honors**: Other honors conditions that may need to be met to achieve this level, such as obtaining specific awards or certifications.
10. **Ceiling**: The limit on the maximum bonus or income that distributors at this level can receive.
Calculate the values of each field:
- **Name**, **Name (HK)**, **Name (En)**, and **Identifier**: The values of these fields are typically pre-defined by the company's marketing plan and policies and do not require calculation.
- **Direct Referral**: According to the company's marketing plan, directly count the number of new members recommended by distributors from the "User Management" table.
- **Leadership Algebra** and **Leadership Recommendation**: Based on the "User Management" and "Recommendation Network Chart" tables, calculate the number of levels and recommended number of people in the distributor's downline network that meet specific conditions. These conditions include the total number of recommended people within a certain generation or performance requirements within specific generations.
- Performance: Summarize the total sales amount of distributors and their teams from the "order management" table to calculate the total performance required to achieve a specific performance level V.
- **Honors**: This may involve statistics on honors, awards, or specific tasks completed by distributors within a specific timeframe, which needs to be confirmed based on the company's specific regulations and certification standards.
- **Capping**: Based on the company's bonus distribution policy and specific level regulations, it determines the maximum bonus or income limit that distributors can receive at that level. The capping amount is set to maintain the financial sustainability of the company and the fairness of the incentive system, and is usually not calculated separately but directly set according to the company's policy.
In practice, calculating and determining the various indicators in the "Performance V Level" is a core part of direct selling and MLM system management. They help companies monitor the development of their distribution networks, motivate distributors to improve their performance, and ensure fairness and incentives in reward distribution. The specific calculation methods may vary for each company depending on its business model, market strategy, and management policies.
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