Hello Allison,
1. Both PRMs and ECAs referral programs are profitable activities. Both systems have been designed to generate sales and maximize your potential earnings in order to establish lifetime residual income.
The potential profitability of each of the referral programs will be dependent on their respective factors as appended below:-
i) PRMs
a) There is a wide variety of products from Triple Clicks which a prospective personally referred member can choose from and buy his choice, so that you can earn commission.
b).You earn 45% of the CV of product purchased by your PRM.
c) You become a WAVE-3 member for 120 days, by referring a PRM and also reap the other benefits that go along with it.
d) The level of intensity of PRMs TripleClicks’ products purchases and promotion, which include the W3 program referring method of building networks of PRMs,will determine significantly the potential profitability.
e) PRM can easily be acquired by placing ads referring friends, relatives, colleagues and people in your network.
f) PRM need to sign up and buy their chosen product.
g) There are chances sales may not happen depending upon the shipping cost of your referral’s country. If the shipping cost of selected product to your referrals country is high, the tendency is that the prospect may not buy.
ii) ECAs
a) Promotion factor of ECAs to your down line. Every member in your down line you refer as ECA will increase your potential earnings.
b) The level of intensity of ECAs’ products/services promotion will affect lifetime royalty commissions
c) ECAs consistency of acquiring new customers to increase their customer base.
d) Demand & attractiveness of ECA- products/services to the customers. Competitive pricing?
e) When you refer an ECA you will receive 10% of the commission value from the sales of every product that is sold from that ECA. That is 10% of the commission value of every single sale that ECA makes no matter who they are selling products to.
f) You will receive royalties for as long as that store is actively selling products.
3. The time spent in promoting both referral programs will define the potential profitability. The more time invested, the higher the chances of achieving the potential profitability of a referral program.
4. The common features between these two income streams are:-
a) You are paid a commission through the selling/purchasing of products from Triple Clicks.
b) Both referral programs can be promoted through offline (traditional) and (online)digital marketing activities
c)The promotion scheme of both referral programs are ably supported with the latest marketing strategies aimed to achieve success..
d) Both referral programs are potentially profitable making it possible to establish a lifetime residual income and thereby achieving your long term goal.
By complementing each other, the volume of profit can be raised.
5. However,we are not aware of the purchasing habits of each PRM except to know “when” they do purchase you are rewarded. Frequency of purchase by PRMs can vary time to time; the income stream is good but it is not to consistent and depends entirely on the whims & fancy of each different PRM you have referred.
6.The commissions earned from your referred ECA are lower than that of a PRM except for the fact that you will receive commissions on all products that are sold through that ECA. This income stream is much more stable because the ECA is actively attempting to sell products daily. So more or else the low percentage of commissions is compensated to some extent!
Conclusion:
Keeping in view of the above quoted factors, I would conclude that both PRMs & ECAs are profitable.Therefore we should adopt both these methods to develop our business in SFI!
Hope this was useful.
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