Popular Words in the Loza Pay Industry
Loza Pay industry, there are many commonly used terms that are essential for understanding how the business operates. Here are some popular words and phrases often associated with Loza pay:
1. Upline
- Refers to the person who recruited a distributor. The "upline" includes all individuals who are higher in the hierarchy above the distributor.
2. Downline
- The group of people recruited by a distributor. Anyone recruited by the downline also becomes part of the original recruiter's downline. Distributors earn commissions from the sales made by their downline.
3. Sponsor
- A person who recruits another individual into the network. They are responsible for supporting and mentoring the new recruit, also referred to as their "downline."
4. Recruiting
- The process of bringing new members into the business to join your downline. Recruiting is crucial , as it increases the size of the network and the earning potential.
5. Residual Income
- Earnings that continue to be generated after the initial effort., this refers to the income distributors earn from the sales made by their downline on an ongoing basis.
6. Compensation Plan
- The structure that outlines how distributors earn money through commissions, bonuses, and incentives based on their sales and recruitment efforts. Compensation plans vary across companies.
7. Personal Volume (PV)
- A measurement of the sales a distributor personally makes. It can also include sales made by their immediate customers. Maintaining a certain PV is often required to qualify for bonuses and commissions.
8. Group Volume (GV)
- The total sales made by a distributor and their entire downline. It is used to determine a distributor's rank and eligibility for certain bonuses.
9. Rank
- MLM companies often use ranks or titles to signify a distributor’s progress within the company. Higher ranks are usually achieved through higher sales volumes and larger downlines. Rank advancement typically comes with increased earning potentia
