dōTERRA University Certification Quiz #3 How to Earn
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How to Earn.
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Question 1 |
There are two ways an IPC can earn in dōTERRA. They are ____________ and _____________.
A | Submitting and following up on good business building ideas to other IPCs. |
B | Writing training manuals and selling them to other IPCs. |
C | Retail profits and commissions. |
D | Building websites and generating lead lists for other IPCs. |
Question 2 |
What does the acronym "PV" represent?
A | Product Value. The actual value of a product if sold at suggested retail price. |
B | Plan Value. Aligning your business goals with activities that give you real results. |
C | Passing Volume. The amount of volume you need to pass along a product. |
D | Personal Volume. Each product you buy has an amount of “volume” assigned to it. |
Question 3 |
The acronym "OV" stands for:
A | Off-Road Vehicle. A vehicle designed for off-road use. |
B | Outrageous Volume. Teenagers listening to music too loud. |
C | Organizational Volume. The combined volume from your whole organization—everyone in your group that is purchasing product. |
D | Ornery Vacuum. What you call your vacuum when it acts up. |
Question 4 |
The acronym "TV" stands for:
A | Tele Vision. A big, dusty, box-like structure used in generations past for entertainment. |
B | Team Volume. Your personal PV and the combined PV of all your first-level folks. |
C | Team Vision. Your teams combined dreams and goals for the future. |
D | Time Volume. Your personal PV that must be earned in a timely manner. |
Question 5 |
If you are trying to earn Fast Start bonuses, there is an important "time component" to remember as you work with new IPCs. This is because you are paid ____ percent on purchases and sales made within the new IPC’s first 60 days.
A | 1 |
B | 3 |
C | 5 |
D | 20 |
Question 6 |
Fast Start bonuses are paid ___________, for all “first generation” consultants you sign up.
A | Hourly |
B | Daily |
C | Weekly |
D | Monthly |
E | Yearly |
Question 7 |
The Power of 3 Team Bonus is designed to provide generous bonuses to consultants who properly structure their organizations. What does this mean?
A | You earn more when you get a physical office and staff it with quality people. |
B | You earn more when you take advantage of the tax benefits of running your own business. |
C | You earn more when your business organization is full of experts with lots of experience in the industry. |
D | You earn more when you get the people you enroll in the right “seats” within your business organization. |
Question 8 |
The first type of "Power of 3 Bonus" is a $50 bonus that is available every month you qualify for it. To qualify, you need to have Team Volume of at least _______ PV (Team Volume is defined as your personal PV and the combined PV of all your first-level members).
A | 600 |
B | 900 |
C | 1500 |
D | 1600 |
Question 9 |
To qualify for the second Power of 3 Bonus of $250 dollars, you need to help _____ of your first-level members qualify for the $50 dollar bonus.
A | 13 |
B | 10 |
C | 7 |
D | 3 |
Question 10 |
To qualify for the third Power of 3 bonus, you need to help _____ people on your first level qualify for the $250 dollar bonus. When you do this, you earn $1500 dollars every month that this team structure remains in place!
A | 18 |
B | 3 |
C | 34 |
D | 10 |
Question 11 |
With TEAM Bonuses, each month you have three first-level consultants who also have a LRP order of at least 100 PV and a Team Volume of 600 PV, you will receive a ____ in addition to your retail and Fast Start bonuses and other commissions.
A | $5 bonus |
B | $50 bonus |
C | $10 bonus |
D | $15 bonus |
Question 12 |
To qualify for the first TEAM bonus, you must personally have a monthly LRP order of at least ______.
A | 100 PV |
B | 150 PV |
C | 200 PV |
D | 400 PV |
Question 13 |
For TEAM bonuses, you need to structure things correctly because there are ______ stages to this bonus which will be paid out each month as long as the required structure is maintained.
A | 15 |
B | 10 |
C | 7 |
D | 3 |
Question 14 |
Which of these is NOT a way to earn free product on the Loyalty Rewards Program (LRP)?
A | Be a Member of the Product of the Month Club |
B | Earn product credits or PV that can be used as cash for product. |
C | Turn in your empty dōTERRA bottles regularly. |
Question 15 |
How long do you have to be on the Loyalty Rewards Program to earn 30% of your total order PV back in product points?
A | 10 years |
B | 7 years |
C | 5 years |
D | 1 year |
Question 16 |
What is a common PV amount on an LRP order that helps you earn more LRP percentage credit?
A | 430 PV each month |
B | 280 PV each month |
C | 100 PV each month |
D | 50 PV each month |
Question 17 |
When are PV points posted?
A | Immediately after your order is processed |
B | The 15th of the following month |
C | The 30th of the following month |
D | The first of the following month |
Question 18 |
When does the PV on your account expire?
A | Five days after it was posted |
B | 20 days after it was posted |
C | 30 days after it was posted |
D | One year after it was posted |
Question 19 |
True or False: There is a cap on the amount of PV points you can earn.
A | True. There is a limit on the number of PV points you can earn. |
B | False. There is no limit on the number of PV points that you can earn. |
Question 20 |
What are the most significant benefits of the LRP program?
A | You never run out of your favorite products. |
B | You can earn a FREE product of the month when you maintain an LRP order of 125 PV, and it ships before the 15th of the month. |
C | You build PV which allows you to get FREE product. |
D | You don’t have to think about maintaining “qualification” for higher bonuses. |
E | All of the Above |
Question 21 |
True or False. With the LRP Program, does volume match the amount of wholesale dollars spent?
A | True. The volume matches the amount of wholesale dollars spent. If your wholesale price for Wild Orange oil is $10.50, the PV is 10.50. |
B | False. PV is discounted or reduced in many cases. |
Question 22 |
If you don't remember anything else about the Loyalty Rewards Program, remember this:
A | "210 PV to progress, 150 PV to maintain." |
B | "125 PV to progress, 250 PV to maintain." |
C | "350 PV to progress, 75 PV to maintain." |
D | "100 PV to progress, 50 PV to maintain." |
Question 23 |
The main body of commission payments comes from “Unilevel” bonuses, which are paid on ____ levels in your organization, with percentages based on the total size of your organization, its structure, and your rank.
A | 2 |
B | 5 |
C | 7 |
D | 29 |
Question 24 |
True or False. You can tap into commissions paid on total worldwide dōTERRA volume through five bonus pools, which are commensurate with leadership achievement. So, you can be paid on your group volume and also the overall company volume.
A | True |
B | False |
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