ForMor has created a really cool way to share Revenue with those who help us expand our brand in their community and around the world. We really want you to understand how you get Revenue and how easy it is to use them.
Every product that qualifies for a Revenue has a value called BV. BV is the number we use to calculate the Revenue for each product we sell. Our goal is to Revenue the Brand Partners who help sell products and grow our brand.
One of ForMor’s major distinctions is Real-Time Revenue. We calculate and disburse Revenue as the orders are placed. Most companies wait until next month.
The first thing to know is there are two types of Revenue: ‘Cash’ and ‘Credit’. ‘Cash’ Revenue can be applied to any order with ForMor, or when your Earned ‘Cash’ Revenue account exceeds $100, deposited into your personal bank account electronically. ‘Credit’ Revenue are applied to any orders with ForMor.
Each Revenue has certain criteria that must be met in order for a Brand Partner to qualify to earn those Revenue. Click here to check out the Revenue Sharing Plan Guide for all the details.
Here is the process:
- When an order is placed by someone in your organization, we calculate and issue ‘Cash’ Revenue based on your last month’s Rank qualification or your current month’s Rank qualification, whichever is higher (see the Revenue Sharing Plan Guide for Rank qualification details).
- If you have met all the qualifications for that Revenue when its calculated, then those become your Earned ‘Cash’ Revenue. If you have not met all the qualifications for that Revenue when we calculate it, then those become Pending ‘Cash’ Revenue. You have until the end of the month to ‘qualify’ for Pending ‘Cash’ Revenue. We immediately convert your Pending ‘Cash’ Revenue to Earned ‘Cash’ Revenue upon qualification.
- If you are unable to meet the qualifications for those Pending ‘Cash’ Revenue by the end of the calendar month, then those Pending ‘Cash’ Revenue become ‘Credit’ Revenue. If your ‘Credit’ Revenue account exceeds $1,000, you can convert ‘Credit’ Revenue to ‘cash’ at 10% of their value (example: $1,000 ‘credit’ converts to $100 ‘cash’).
Please make sure you have added your personal bank account to your account via the ForMor Back Office. If you would like learn more or would like some help in getting oriented to your Back Office, give us a call 888.270.4793 [10am – 4:30pm (CDT) Monday – Friday]. We would love to show you around.
Also, if you like to read the fine print, click here to download our Policies and Procedures Guide for all the details.
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