Back when I first reviewed iWowWe in September 2011, the company offered two primary products, video email and “video meeting” (conferencing).
This was initially offered as a package at $69.95 upfront and then $20 a month recurring.
This was the only way to buy iWowWe’s products and provided access to
the compensation plan. As such there was no option to be a true retail
customer of the company.
Coupled with a matrix-based compensation plan, this effectively led
to affiliates being only able to recruit affiliates and being paid
commissions out of their monthly membership fees.
In September 2011 I noted several changes to iWowWe’s compensation plan.
iWowWe split their product package into a Basic ($75 upfront and $20 a
month) and Premium ($195 upfront and $20 a month) offering, increased
the compensation matrix from 3×7 to 3×9 (with additional legs possible)
and introduced membership ranks.
Once again there was no separation of retail customers and
affiliates, with both the Basic and Premium Packages offering access to
the compensation plan. The membership ranks introduced used recruitment
criteria and given the strong impact they had on an affiliates
commissions, were at the core of the new plan.
For whatever reason, the matrix based compensation plan hasn’t worked
out for iWowWe and as of March 2013 they’ve ditched it altogether.
Introducing the third re-incarnation of the iWowWe compensation plan
since I’ve been tracking the business, today we look iWowWe’s new
binary-based compensation plan.
Differentiation between retail customers and affiliates
A red flag present in iWowWe’s previous two compensation plans has
finally been addressed with the introduction of a $20 a year affiliate
fee.
What affiliates get other than the ability to earn commissions via
the iWowWe compensation plan isn’t clear, however the introduction of
the fee will hopefully provide a clearer picture as to how many actual
customers the company has vs. affiliates.
iWowWe product changes
Abolishing the Basic Package, iWowWe now only offer the one product package coming in at $195 upfront and $25 a month recurring.
Included in the package is access to iWowWe’s “entire suite”, including video email and video conferencing.
Direct Referral Commission
If an affiliate or customer purchases a product pack from an iWowWe
affiliate, they are paid a 25% commission on the upfront cost of the
package, which iWowWe round up to $50.
Eagle Club Commissions
For every four new product packages sold by an iWowWe affiliate
(either to affiliates or customers) in any given month, an affiliate is
paid $100.
Introduction of binary-based compensation plan
iWowWe have ditched their matrix-based compensation model and adopted a binary pairing system.
A binary compensation structure places an affiliate at the top of
structure with two legs branching out from under them. These two legs
form the start of two teams, a left team and a right team:
iWowWe track all product sales using this structure, including the
sales made by an affiliates downline. Commissions are paid out per 1:1
paired ratio of new product sales.
For every 1:1 paired ratio of a product sale on an affiliate’s left
team and their right team, iWowWe pay out $25. Note that these sales can
be made directly or by an affiliate’s downline.
Monthly residual commissions
iWowWe’s monthly residual commissions use the same binary structure as above, but instead is paired at a 5:5 ratio.
For every 5 product subscriptions matched on both the left and right side of an affiliate’s binary structure, they are paid $25.
This is a monthly residual commission, paid out of product subscription fees paid by both retail customers and affiliates.
Earnings via iWowWe’s monthly residual commissions are capped according to an affiliate’s membership rank:
- Super affiliate – $500 a month
- Director – $1000 a month
- National Director – $2000 a month
- International Director – $10,000 a month
- Field Vice-President – $50,000 a month
- Presidential Director – $500,000 a month
- Global Leadership Council – $1,000,000 a month
Note that iWowWe don’t specify complete membership
qualification rank in their compensation material, only mentioning that
it is tied into the amount of “cycles” an affiliate generates through
their binary structure.
Director rank qualification is revealed as an affiliate being required to recruit two Super affiliates.
Recruitment Commissions
If an iWowWe affiliate recruits two new affiliates within their first
30 days of joining the company, iWowWe will pay the affiliate a $100
“Director Fast Start Bonus”.
Matching Bonus
A Matching Bonus is offered to iWowWe affiliates, starting at the
International Director membership rank. The bonus is paid out on the
residual monthly commissions of directly recruited affiliates and their
downlines:
- International Director – 10%
- Field Vice-President – 20%
- Presidential Director – 30%
Note that once an affiliate has been found in any
downline leg that is of the same membership rank as the original
affiliate, the matching bonus then stops at that ranked member.
Eg. You recruit affiliate B who goes on to build their own downline.
Eventually affiliate C in that downline does so well that they match
your own affiliate membership rank. At this point you would only get
paid a matching bonus on affiliate B’s downline, up until affiliate C.
Note that this is generational bonus, so if we’re talking Field-Vice
President in the above example, the 20% matching bonus would cease but
then continue on at 10% until an International Director was found
further along the downline.
The system searches for the first equally ranked affiliate in each
downline leg, and is of course subject to change if an earlier match
ranked affiliate is found.
Car and Home Bonuses
A Car Bonus has also been introduced, offering International Director or higher ranked affiliates a monthly bonus:
- International Director – $500
- Field Vice-President – $1000
- Presidential Director – $3000
The Elite Leadership membership level expands this to a Home Bonus. iWowWe state the Home Bonus will ‘pay off a home… valued at up to 2.5 million dollars‘.
Conclusion
The biggest change (apart from switching over to a binary) in
iWowWe’s v3.0 compensation plan is the introduction of true retail. This
was a much needed introduction and eliminates a glaring red flag that
was present in the last two plans.
With that said I am a bit skeptical as to the new membership rank
requirements. The first level, Director, introduces recruitment
requirements and one would assume this follows up the rest of the ranks.
If true, that would mean that non-recruiting affiliates would always
be capped at earning $500 residual income, regardless of their retail
sales volume. I sincerely hope there are some retail sales qualification
criteria included with the membership ranks past Director.
One would also hope that a Super Affiliate can join the company for
$25 and not be required to purchase the product subscription themselves
to qualify for commissions.
Product wise you’re not looking at anything much different to
iWowWe’s staple offering of video email and conferencing, with instead
changes being made to the way it’s marketed and how iWowWe affiliates
are compensated.
The potential has been created for the company to rely on retail
sales to stay afloat, now it’s up to the affiliates to decide whether
that’s what they’re going to focus on, or whether recruitment of new
affiliates is more important.
As a prospective iWowWe affiliate a good place to start would be
asking your upline what their retail customer to affiliate ratio was
within their downline. More affiliates than customers is probably an
indication that you’re going to be recruiting new affiliates and a lack
of retail interest in the video package.
And if that’s the case company wide, then unfortunately despite the
compensation plan changes we’re still back at square 1, with iWowWe
having more affiliates than retail customers.
iWowWe is another company you will likely come across fairly often if you are regularly networking online with marketers and home based business owners. Since I do know one or two people personally who run with this business, I thought it was time for an iWowWe review on this blog.
Founded in 2007, iWowWe offers a selection of online video email and communication tools through its network of independent affiliates.
iWowWe’s products include video email, a video communications suite that includes video conferencing, online collaborative tools, a video autoresponder and other business marketing tools. The company also offers two “Professional Business Packages” that provide extended video email and conferencing capabilities for organizations. Video marketing is obviously huge right now and ever growing.. just take a look at the number of people on youtube in any given minute and you’ll see the evidence, so this seems like a pretty good industry to get involved with at this time.
The company promotes it’s goal thus, “to create and deploy a leading edge technology that has the power to transform the way consumers, businesses and organizations of all sizes communicate with their families, customers, clients, employees and members.”
iWowWe Compensation Plan
For enrollment options, iWowWe offers two packages for new affiliates – the Basic Package for $75.00 plus $20.00 per month, which includes 250 video sends at a time, 2,500 sends a day, and 50 people at a time in video conferencing meeting; and a Premium Upgrade for $195.00 plus $20.00 per month, which includes iWowWe service with 1,000 video sends at a time, 10,000 sends a day, 100 people at a time in video conferencing meeting, video email autoresponder, automatic redirect to any webpage, a professional custom video mail template, and ability to maximize earning potential through iWowWe’s compensation plan. Other places, like GoTo Meeting, offers 15 attendees at $39.00 a month, or Go To Webinar offers 100 attendees at $99.00 a month, so you definitely get more bang for your buck with Wowwe.
The iWoWWe compensation plan has a 3 x 7 forced matrix compensation plan. Affiliates can earn income from shares in a “Fast Start Enroller’s Pool” and “Fast Start Sponsor’s Pool”, personal sales and team sales commissions, matching commissions, and other bonuses.
iWowWe Alexa Ranking
iWoWe has a three-month global Alexa traffic rank of 5,924. While this site is ranked #485 in Russia, where we estimate that 50% of its visitors are located, it is also popular in Moldova, where it is ranked #143!
Based on internet averages, iwowwe.com is visited more frequently by females who are in the age range 55-64, have children, received some college education and browse this site from home.
iWowWe Top Dogs
Bill Starkey – CEO
Michael Nolen – Vice President Research and Development
Casey Minshew – Vice President Operations
Jake A. Stevenson – Director of Technical Development
Richard Bateman – Director of IT Infrastructure and Database
IWowwe’s founder, Bill Starkey, has a strong background in business as well as a successful track record in the direct selling industry. IWowwe is part of the Direct Selling Association (DSA).
If you have already joined iWoWWe or another network marketing business, I would love to hear from you! If you are struggling in business is any way, I would like to help you. If your progress has slowed down, or you just never managed to get yourself enough leads to grow your business, I can recommend some tools.
To be sure of a good supply of leads, you will need a combination of marketing tools and techniques. Starting a blog something like this one is good source of leads, or you could use a selection of social media sites like Facebook, twitter, LinkedIn, Google+ etc.,or use advertising techniques like PPC or solo ads. If you need help learning how to market your business, what you really need is a marketing system, with a good front end offer.
If you don’t have all that already in place, or if everything I just wrote is greek to you and you could use some step by step training on one or all of these subjects, click on the link below and find out about a training program I use called Neucopia. Not only do they offer excellent training in marketing, but also a community that supports it’s members and a compensation plan that offers great commissions for referrals! This additional cash flow can be used on it’s own for income, or to invest in paid advertising for your primary business.. it’s flexible and can’t fail to benefit you and your growing business in numerous ways.
Posted by Kazimieras
With the most recent release of the iWowWe product offering,
you now have the opportunity to take your Back Office “on the road”
using your mobile device. Our first step into the mobile market will NOT
require you to visit your local app store to get started … you can set
this up right from your device. Here’s how:
Apple iOS Devices (iPad / iPhone)
- Open the Safari browser and navigate to https://www.videocontrolpanel.net
- Enter your username/password and select the “Remember Me” checkbox.
- Tap the Login button. This will bring you to the Home Page of your
new Mobile Back Office. You will notice that it looks similar to your
desktop version; only for now, it offers just Video Email.
- Locate the icon on your Safari browser that looks like an arrow
coming out of a box. This allows you to “send” this page to a
destination. (On an iPad, this is part of the top menu bar. On an
iPhone, this is in the middle of your bottom command bar.)
- Click this to open a pop-up window that allows you to “send” this page to your Home Screen as a “shortcut.”
- Select the iWowWe icon and add it to your Home Screen. This will
bring up a pop-up that will allow you to change the name before adding
it to your home screen.
During this process, you may automatically see a Pop Up window that
asks if you want to create an iWowWe shortcut. Just click on the link
and you’re set to save the last 2 steps.
Android (4.0 and above)
Installation on an Android device will depend upon the browser you
are using. For all browsers, you start by doing the following:
- Open the browser and navigate to https://www.videocontrolpanel.net
- Enter your username/password and select the “Remember Me” checkbox.
- Tap the Login button, which will bring you to the Home Page of your
new Mobile Back Office. To create your shortcut for each browser from
here, use these steps:
Dolphin:
- Tap the plus sign (“+”) to the left of the URL.
- Tap “Add shortcut to home.” Find the icon on your home page (it may
not be the current) and move it to the desired place on your home
page(s).
Standard Browser (may vary by device, but is usually labeled “Internet”):
- Once logged in, tap the Settings button on your mobile device. This
should bring up a settings menu for the current application, which is
the browser.
- Select “Add to Select Home screen which brings up the next menu
- Select “Home Screen” which will put the icon on your desktop.
Chrome:
- Once logged in, tap the Settings button on your mobile device. This
should bring up a settings menu for the current application, which is
the Chrome browser.
- Tap the “Star” at the top of the menu which will bring up a bookmark that you can edit before saving.
- Change the name (if desired) as this will show below the icon on your home page. Then, tap the Save button.
- Tap the Settings button again on your mobile device and then tap
Bookmarks. This will bring up the bookmark you just created. Tap and
hold the bookmark icon until the next menu appears.
- Tap “Add to home screen” which will put the icon on your Home Page.
Regardless of the device you have, once you’ve created this desktop
icon, you now have one-touch access to your new mobile version of the
back office. For now, this will allow you record and send video emails
and view several of your back office reports.
Be looking for more information coming soon like a downloadable flyer
in your back office to not only walk you through the installation
process, but also the features available in your new mobile back office!
iWowWe is another company you will likely come across fairly often if you are regularly networking online with marketers and home based business owners. Since I do know one or two people personally who run with this business, I thought it was time for an iWowWe review on this blog.
Founded in 2007, iWowWe offers a selection of online video email and communication tools through its network of independent affiliates.
iWowWe’s products include video email, a video communications suite that includes video conferencing, online collaborative tools, a video autoresponder and other business marketing tools. The company also offers two “Professional Business Packages” that provide extended video email and conferencing capabilities for organizations. Video marketing is obviously huge right now and ever growing.. just take a look at the number of people on youtube in any given minute and you’ll see the evidence, so this seems like a pretty good industry to get involved with at this time.
The company promotes it’s goal thus, “to create and deploy a leading edge technology that has the power to transform the way consumers, businesses and organizations of all sizes communicate with their families, customers, clients, employees and members.”
May 18th 2013 15:18