Summary of "Best Money Making Plan in the World | Forever Marketing Plan"
Video Summary
The video titled "Best Money Making Plan in the World | Forever Marketing Plan" presents a detailed explanation of the marketing strategy employed by Forever Living Products. The presenter, Rajput, aims to clarify the marketing plan for viewers who may struggle to understand it, emphasizing its potential for long-term business success.
Main Financial Strategies and Market Analyses
- Understanding CC (Credit Code): The marketing plan operates on a point system where each product has a value in CC. For example, a product worth ₹2000 may equate to 100 CC. Accumulating CC is essential for qualifying in the business.
- Levels and Income Potential: The plan has multiple levels (N, S, M, Manager) with increasing discounts and income potential as one progresses. For instance:
- Starting level (N): 35% discount, income potential of ₹30,000 to ₹35,000.
- Supervisor level (S): 38% discount, income potential of ₹40,000.
- Manager level: 48% discount, income potential of ₹1.5 lakh or more.
- Team Building: Success hinges on recruiting and building a team. As team members accumulate CC, it contributes to the original recruiter's total CC, enabling them to advance levels and earn more.
- Long-term Income through Royalty: Once reaching the Manager level, individuals can earn a royalty income based on the performance of their team, which grows as the team expands.
Methodology / Step-by-Step Guide
- Initial Steps:
- Understand the CC system and how it relates to product value.
- Achieve the first CC goal to start the business.
- Level Progression:
- Start at the N level, then aim for S (Supervisor) by achieving 25 CC.
- Move to M level by reaching 75 CC, and finally to Manager at 120 CC.
- Team Recruitment:
- Recruit at least two people and help them achieve their CC goals to accumulate points.
- Continue building the team and encouraging members to recruit others.
- Income Maximization:
- Focus on team performance to earn commissions and royalties as a manager.
- Aim for the Chairman's Bonus by meeting specific CC targets over the year.
- Continuous Learning: Stay informed about the marketing plan and industry trends to adapt and grow the business effectively.
Presenters/Sources
- Rajput (Presenter of the video).
Category
Business and Finance
