Driven For Success

Welcome to the Drive For Success Book Study!  I am excited that you have joined us! This self directed book study can be done as an individual or you can coordinate with your team members and complete each section together.  Also, please join our book study Facebook group where you can ask questions and participate with a community of readers.

The study is meant to be a 5 week course where each week you read the material and at the end of the week you come back for some extra video content and  additional notes and/or questions to help compliment your reading.

Take your time and #learnToEarn!

 

Week 1: Chapters 1- 4

Summary

I hope these first few chapters have gotten you excited to continue learning about the Young Living Compensation Plan.  The importance of these first few chapters can't be ignored as they lay the foundation that our future weeks assume exist.

Please watch the following video for a summary of this week's reading. Once you have watched the video, continue to answer some additional questions.

** Please note there is an error in this video when talking about compression around the 13 minute mark.  The video does have annotations to explain but you may not catch them.  I wrongly say the 100PV person in leg three does not roll up.  They DO roll up.

 

What are the benefits of becoming a Wholesale Member?

  • 24% discount from retail
  • Opportunity to earn income
  • Can take advantage of Essential Rewards
  • OMG! ALL OF THE ABOVE!

You have two legs each having 4500 OGV. Your PV is 238 and your PGV is 1345. What rank are you?

  • Star
  • Senior Star
  • Executive
  • Silver
  • Gold
  • Platinum
  • Diamond
  • Crown Diamond
  • Royal Crown Diamond

What do we like to refer to our Retail Customers as?

  • Customers... Just Customers
  • Future Wholesale Members
  • People that don't 'Get it'
  • Shoppers

A product has different prices for each market it is sold in. What is the value used by Young Living to communicate the commissionable value for a product?

  • PGV
  • OGV
  • PV
  • Price

What is the PV requirement to qualify for Start Living Bonus, Retail Commissions, and Fast Start Bonus

  • 50PV
  • 100PV

What key activity should you be doing to be successful in Young Living?

  • Get people to buy stuff
  • Invite others to take a look at my opportunity
  • Spam all my friends and family

You have two legs each with 300 OGV. Your PV is 105 and your PGV is 0. What rank are you?

  • Star
  • Senior Star
  • Executive
  • Silver
  • Gold
  • Platinum
  • Diamond
  • Crown Diamond
  • Royal Crown Diamond
  • Royal Crown Diamond

Who is your direct upline that supports you daily?

  • Sponsor
  • Enroller

If you add up ALL the PV in your team including yourself you would get what?

  • OGV
  • PGV

You have two legs each with 6000 OGV. Your PV is 388. Your PGV is 42. What rank are you?

  • Star
  • Senior Star
  • Executive
  • Silver
  • Gold
  • Platinum
  • Diamond
  • Crown Diamond
  • Royal Crown Diamond

What is the only commission structure that requires you to be on Essential Rewards?

  • Customer Commissions
  • Start Living Bonus
  • Rising Star Team Bonus
  • Fast Start Bonus

Week 2: Chapters 5, 6

Summary

Now we are getting into some good stuff!  In this week's assignment you should have read and completed the exercises for chapters 5 and 6.  

Watch the video below for a summary of the reading and a walkthrough of the Exercise Your Brain items. Once you have watched the video, continue to answer some additional questions.

 

 

When looking at a Retail Customer in the VO, what value do you see for their purchases?

  • PV
  • Retail Total

What are the requirements for you to earn a Start Living Bonus?

  • You must place a qualifying 50PV order
  • You must place a qualifying 100PV order
  • You must enroll a new member
  • The new member must purchase a PSK in the same week as their enrollment
  • The new member must purchase a PSK in the same calendar month as their enrollment

What percentage would you earn on a Level 3 Retail Customer assuming no compression.

  • 8
  • 5
  • 4

What is the maximum percentage you can earn on a Retail Customer that you do not personally sponsor?

  • 24
  • 8
  • 5
  • 4

Are you eligible to receive a Start Living Bonus on a Retail Customer to Wholesale Member conversion?

  • Yes. Assuming all other requirements are met.
  • No. Since the Retail Customer is already in YL, you are not eligible.

What are you paid on your personally sponsored Retail Customers?

  • 24% of PV
  • Difference between retail and wholesale

Week 3: Chapters 7, 8, 9

Summary

This week's assignment includes one of my favorite commission structures!  Rising Star Team Bonus, in my opinion, is foundational and creates a path to success for any member that uses it to build their team. Watch the video below to review this week's reading and Exercise Your Brain items.  Once you have watched the video, continue to answer some additional questions.

 

** Please note there is an error in this video when talking about compression when discussion the Unilevel Commissions.  The video does have annotations to explain but you may not catch them.  I wrongly say the 100PV person in leg three does not roll up.  They DO roll up.  When they roll up it changes the math piece of the video directly following the statement.  Roll up the 100PV person and put them in bucket 1 vs bucket 2 and the math will work out properly.

 

What is the maximum amount you can earn on a 2nd level enrollment for Fast Start in a given month?

  • 25.00
  • 50.00
  • 80.00
  • 100.00

When looking at your downline what is the lineage based on?

  • Sponsor
  • Enroller

How much more Unilevel Commission does a Royal Crown Diamond make on a Level 5 member than a Silver make on a Level 5 member?

  • 0%
  • 5%
  • 10%

When someone in your team fails to place a 100PV order, what occurs to the downline virtually?

  • Dynamic Compression
  • Internal Combustion

How many legs does a member have when maximizing the Rising Star Team Bonus?

  • 3
  • 5
  • 7

In a perfect matrix, if you and your new enrollments each enrolled 1 new member a month, how big would your team be after 1 year?

  • 25
  • 4096

What percentage of commissionable sales are used for determining the RSB share value?

  • 1%
  • 3%
  • 5%

What percentage do you earn for Fast Start?

  • 20
  • 24
  • 25
  • 30

What is the maximum share value for a RSB share?

  • 25.00
  • 50.00
  • 100.00

How many "steps" are there in the Rising Star Team Bonus?

  • 1
  • 2
  • 3
  • 4
  • 5

RSB is available to members of what rank?

  • Star
  • Senior Star
  • Executive
  • Silver
  • Gold
  • Platinum
  • Diamond
  • Crown Diamond
  • Royal Crown Diamond
  • Royal Crown Diamond

How many months is a member eligible to receive RSB after they first receive it?

  • 24
  • 36
  • 48
  • Forever

Can compression allow a Level 2 member qualify you for RSB?

  • Yes
  • No

How long will you earn Fast Start Bonus on a newly enrolled member?

  • 3 months
  • 90 days
  • 3 calendar months

What is the maximum number of shares you can earn in RSB?

  • 3
  • 4
  • 5
  • 6

What is the maximum amount you can earn on an enrollment for a given month for Fast Start?

  • No Limit
  • 100.00
  • 50.00
  • 200.00

What are the qualifications for you to earn 10% Fast Start on your 2nd level enrollments?

  • You must have 50PV
  • Your 1st level enrollment must have 50PV
  • None of the Above

Week 4: Chapters 10, 11, 12

Summary

This week's assignment tackles an area I receive tons of questions on.  Generations can be difficult for someone to grasp initially.  My hope is that this week's reading helped to break down generations and how they affect your earnings.  Watch the video below to review this week's reading and Exercise Your Brain items.  When finished, continue on to answer some additional questions.
 

 

At what rank does a new generation begin?

  • Star
  • Senior Star
  • Executive
  • Silver
  • Gold
  • Platinum
  • Diamond
  • Crown Diamond
  • Royal Crown Diamond

What percentage of commissionable sales is the Generation Leadership Bonus based on?

  • 2%
  • 4.5%
  • 5%
  • 6.25%
  • 8%
  • 10%

Everyone in your generation one is also referred to as?

  • first generation
  • personal generation

As a Gold leader, what is the number of shares you earn on a Platinum leader?

  • 1
  • 2
  • 3
  • 4

At Gold, how many total generations can you earn on?

  • 1
  • 2
  • 3
  • 4
  • 5

What are the percentages earned on Generation Leadership Bonus?

  • 24%, 8%, 5%, 4%, 3%, 2.5%, 1.5%, 1%
  • 8%, 5%, 4%, 4%, 3%, 2.5%, 1%
  • 2.5%, 3%, 3%, 3%, 3%, 3%, 3%, 1%

What is the most generations you can earn on in Young Living?

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10

When a member is in Fast Start, what percentage of their PV is used when calculating Generation Leadership Commission?

  • 100%
  • 70%
  • 50%
  • 30%

What is the maximum number of Generation Leadership Bonus shares you can earn?

  • 5
  • 10
  • 20
  • 100
  • Unlimited

Week 5: Chapters 13, 14, 15

Summary

This week's reading is light and a nice way to wrap up our book study.  Watch the video and once completed continue on to answer a few questions.
 

 

The PV for a Professional account is reduced by what percentage for commission calculation?

  • 0
  • 20
  • 50
  • 60

When looking at the VO, has the PV already been reduced for Professional Accounts?

  • Yes
  • No

What percentage of commissionable sales are used to calculate Diamond Express?

  • 0.5
  • 1
  • 1.5
  • 2