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wikaniko information

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  • PatrickD
    PatrickD Posts: 209 Forumite
    Can you do the numbers please Patrick? A comparison with Kleeneze/Avon etc would probably be the most relevant.

    Which numbers do you mean A, the percentages paid on each level?

    Sorry, don't know anything about Avon's plan.

    Pat
  • Well you said Wikaniko pays the least out in bonuses compared to many others, so I assumed you knew how to calculate it.
    I'll have a crack at it myself at some point.
  • PatrickD
    PatrickD Posts: 209 Forumite
    edited 8 November 2011 at 4:52PM
    Well you said Wikaniko pays the least out in bonuses compared to many others, so I assumed you knew how to calculate it.
    I'll have a crack at it myself at some point.


    My actual words were ''quite low compared to some'' which sounds a bit different to your words..... I take it you don't like Wikaniko, but thats ok, plenty do :D
    I did qualify that by saying the retail prices are very good compared to most MLM companies I've seen.
    Its pretty simple really, have a high paying compensation plan = high cost products = very few, if any retail customers.

    A lower paying compensation plan = lower cost products = higher retail customers and ultimately higher volume.

    To save you looking, the percentages add up to 33% over 8 levels, more than enough to provide any level of income you wish (depending on how hard you work for it of course)

    I will say one thing though, Wikaniko, in MLM terms, is a very young company at only 3 years old. They have already added percentages to the pay plan in the last couple of months and I believe as they get bigger with added volume and added profits, the compensation plan will be improved accordingly. I'm very happy with it.

    Edited to add: the plan has compression, so if anyone on any level has not qualified one month, people below them are compressed up so that you're paid on them.

    Pat
  • PatrickD wrote: »

    I will say one thing though, Wikaniko, in MLM terms, is a very young company at only 3 years old. They have already added percentages to the pay plan in the last couple of months and I believe as they get bigger with added volume and added profits, the compensation plan will be improved accordingly. I'm very happy with it.

    Edited to add: the plan has compression, so if anyone on any level has not qualified one month, people below them are compressed up so that you're paid on them.

    Pat

    The Company is developing as it goes along as Patrick has pointed out. The important thing in any new(ish) Company especially in times of economic challenges as it is now is to move product and the Pay Plan is geared towards the retailer as are the other incentives - loyalty stamps which can be cashed in at any time to help offset postage costs etc, special monthly product offers, additional stamps for certain purchases and so on.

    I have already seen enhancements in the PayPlan since i joined approx 18 months as the Business has developed and they have all been positive changes geared at the Distributors and i have no doubt as it develops further there will be more changes which will be improvements and it will the Distributors that will benefit.

    That is one of the many things i like about the Company, they will change things if necessary and develop areas as necessary. Its a young Company as has already been said and the only Company i have been with where i have seen changes being made, the Distributors being allowed an input in the decisions and where the changes have been for the benefit of the network rather than the Company.

    I have people who have taken a look at the PayPlan and decided not to join, yet when i ask them to give me suggestions how it could be improved i haven't heard anymore. I am sure there will changes but only when the growth warrants them and at a time which is right in the growth so anyone looking at the Pay plan now should remember that it is the people in the Business now doing the hard graft to make the name known etc that will shape the eventual model and if they want to sit back and wait until all the hard work is done and the Pay Plan suits them better thats their choice but lets not criticise things and those that are grafting hard right now shaping this into the best work from home Biz because i know that it will be just that in time.

    The big difference for me to other Companies is that HQ are Distributors themselves so they see it from a Distributors eye as well as from the Company viewpoint.

    Debbie
    We love what we are doing and we love why we're doing it!!
  • The_Analyst_2
    The_Analyst_2 Posts: 16 Forumite
    edited 9 November 2011 at 1:44PM
    (In answer to Patrick) Yes but the compression is on a tiny qualification. What happens if you work your socks off with someone on your lower levels only to find that several non-qualifiers in between your higher levels suddenly decide later to do their £40? They might get paid on only their first level or two but now you lose your entire 8th level in that leg and maybe your 7th as well! And the company saves money by not having to pay it out at all to anyone!

    They seem to have changed the pay-plan a few times in three years, in rather odd ways.
    At the moment it looks like you could go to a lot of effort and expense to sign up people and you get paid only as much as your upline and their upline do, despite them not having to do the work. And in one case the person several levels up gets 6% to your 5%. I'm sure the intention is to encourage sponsoring downline but it throws up some rather illogical situations and seems to cut out the middle tier of earning potential, which in these times of high unemployment seems to sport an edge to Kleeneze, at least in theory.

    So I'm really not sure about Wikaniko - I like the ethos behind it and I sense the intentions of the company management are fairly honourable, but I wonder if the pay-plan will keep getting altered over time to fit in with how more traditional plans work. I've a feeling other plans evolved qualification levels and breakaways for a reason, otherwise people could introduce one big business-builder and simply do the bare minimum after that.

    I'll be pleased if the products are more keenly priced than in other plans. That would make a welcome change.

    Thanks for your response too, Debbie - I had prepared this reply for Patrick but forgotten to post it.
    I note you comments, though. Let me ponder them for a bit.
  • The_Analyst_2
    The_Analyst_2 Posts: 16 Forumite
    edited 9 November 2011 at 10:37PM
    Does anyone know how to format a post with figures in a table so I can do a comparison of Wikaniko, Kleeneze and maybe Avon?

    Doesn't have to have grid lines, just the correct spacing. I can't seem to make normal spaces and characters appear as expected.
  • PatrickD
    PatrickD Posts: 209 Forumite
    As I stated before, this is a new company in MLM terms, it is relatively small and I'm certain that as we go along the comp plan will improve, not least because the owners/founders are distributors too. I'm not sure if you're aware but the owners and HQ staff don't take any salary, they're distributors like us. It will be in their interest as well as ours for the plan to pay as well as possible. I would much rather a plan paid within the company's means while they are young and growing rather than have a high paying plan that not only rips off product customers but also puts the company under financial stress.
    Also, there are other important factors to look at when choosing a company and you need to take an overall view of everything not just the comp plan and for me Wikaniko, though not perfect (the perfect company/comp plan doesn't exist, never has and probably never will) ticks more than enough boxes for me and I'm 100% certain will get better.
    The biggest tick for me is the incredible reaction I get from people not only when they look in the catalogue, but also after trying the products. I've never seen that before in any MLM I've been in.

    Pat
  • PatrickD wrote: »
    I've never seen that before in any MLM I've been in.

    How many have you been in to compare it against ?
  • PatrickD
    PatrickD Posts: 209 Forumite
    How many have you been in to compare it against ?


    Only a couple or 3, but I've studied many more and even tried products from others without joining them.

    Pat
  • Interesting that the people running it are paid only as distributors, if that's actually true, although presumably they own the company as shareholders too, whether they take a salarry or not, so could take dividends now or in the future. Even so, it bodes well that their interests ought to be very aligned with those of the other diistributors.

    What happens if one of their networks is way more successful than any of the others?
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