Tuesday, February 3, 2015

How to earn money as a Beachbody Coach

This has to be the most common question I am asked about coaching. Everyone wants to know. Friends. Family. Challengers. Prospective coaches. So, here's the ins and outs of how to earn money as a coach.


Earning #1 
COMMISSION

As coaches, we earn 15 - 25% commission on EVERYTHING that we sell through our site. We earn 15% commission from Teambeachbody.com club members and 25% commission from everyone else. This is the very first type of earnings that all coaches make. It's the easiest and simplest way to make money.


Examples: 

- If you purchase a bag of Shakeology from me, at full price as a customer, you will pay $129.95. I will earn $32.48 when you make your purchase.

- If you purchase a bag of Shakeology from me, as a club member, you will pay $116.96. I will earn $19.49 when you make your purchase. 


Earning #2 
Team Cycle Bonus

This is slightly more complicated to explain. This is also where the top coaches make all their money. Before you can understand how to earn Team Cycle Bonus', you have to understand PV.

The first think you need to do is that Personal Volume (PV in the Beachbody world) is earned based on what you sell or buy. A bag of Shakeology is worth 90pv. Everything that Beachbody sells is assigned a PV number.

Now that you know about PV, you have to understand how coaches build their organization. We are compensated on a Binary Compensation Plan. That means that I build my "weak" leg all by myself, with the help of my downline coaches on that leg. My "strong" leg is built by me, my downline coaches, and everyone above. I benefit from the PV of everyone below me on both legs.

Here's a little visual I made to help you understand the Binary Compensation Plan:




Now, for the compensation. Each time your legs reach a combined total of 300pv, Beachbody gives you free money. Yes. Free money. This free money is called a cycle bonus. 
As an Emerald Coach, you earn $14 per cycle bonus. A Ruby Coach earns $16 per cycle bonus. A Diamond and above coach earns $18 per cycle bonus.

Each coach level has a cycle bonus max:



The coolest thing about this part of the compensation plan is that your "weak" and "strong" legs can change from week to week and even day to day. Maybe your volume looks like 10,000/20,000 this week but next week it's at 30,000/15,000. Your legs then switch to make your left your weak one week and your left will be your strong the next week! It's pretty awesome!


Earning #3 
Club Membership Commissions

Currently, the cost of the club membership on teambeachbody.com is $2.99 a week. It's billed every 3 months, or 13 weeks, at 38.87, plus tax if applicable. As a coach, you make a 50% commission on that sale. So, every 3 months I earn $19.34 from each club subscription. 

HOWEVER - as of 3/11/15, that commission is changing to 40% due to the addition of Beachbody On Demand to the club membership. 

Commissions will be grandfathered in. So, if you have a client who has a club membership PRIOR to 3/11/15, you will continue to earn 50% on their subscription. If you have a client sign up for a NEW club membership ON OR AFTER 3/1/15, you will earn 40% commission?

Am I as clear as mud? haha!


Earning #4
Fast Start Bonus

You earn a bonus each time you sign a coach with a NEW order. Here's how these bonuses break down:
  • Shakeology Fast Start Bonus:
    • You earn $20 when you sign a new coach with a NEW Shakeology HD order.
  • Shakeology Fast Start Plus Bonus:
    • You earn and extra $100 when you sign 5 Shakeology Fast Start coaches in any consecutive 5-week period.
  • Challenge Pack Fast Start Bonus:
    • You earn a bonus each time one of your NEW personally sponsored Coaches purchases a Challenge Pack. The bonus amount depends on the type of Challenge Pack purchased. See the pack pricing and commissions guide for information on the different packs available and the bonus that can be earned on each.


Earning #5
Matching Bonus

This bonus is paid out based on Team Cycle Bonuses earned by your Personally Sponsored Coaches. If you are a Ruby Coaches, you earn a 5 percent matching bonus. Diamond and Star Diamond Coaches each earn a 10 percent matching bonus.

For example, lets say three of my personally sponsored coaches earned matching bonuses of $100, $300, and $400 this week. I would earn $10, $30, and $40 just because they earned those bonuses!


Earning #6
Star Diamond Bonus

These bonuses are paid out quarterly to 2 star diamonds and above. To qualify, you must be an active 2 star diamond coach or above. To qualify for the 5, 10 and 15 star bonuses, those coaches must also be in attendance at Beachbody Summit and the Leadership Conference. 

This is how the bonus pool is calculated (this is DIRECTLY from the Beachbody policies and procedures as of 2/3/15):
  • The Company sets aside 2 percent of the total Company TV, which is paid quarterly to our top producing Active and Qualified Star Diamond Coaches. Each of the Qualified Star Diamond ranks share equally in the Star Diamond Bonus Pools in which they are qualified to participate. Each of the four (4) different Star Diamond Leadership Bonus pools is funded with ½% of the total Company BV. 
    • Pool # 1 – Active and Qualified Two Star Diamond or higher share in this ½% pool
    • Pool # 2 – Active and Qualified Five Star Diamond or higher share in this ½% pool
    • Pool # 3 – Active and Qualified Ten Star Diamond or higher share in this ½% pool
    • Pool # 4 – Active and Qualified Fifteen Star Diamonds share in this ½% pool
Each Pool of coaches gets their top qualifying coach pool PLUS all the pools below. For example, a 10 star diamond coach who is eligible for the bonuses would earn pool 1, 2, and 3. 



As you can see, there are many ways for Beachbody coaches to earn money. The top ways are through Bonus Cycles, Commissions, and Matching Bonuses. If you need any more information, clarification, or are interested in earning yourself, please don't hesitate to contact me. I'm here to help!

<3,
Kelly
Independent Star Diamond Beachbody Coach

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