Company/Market United Kingdom References in this UnFranchise® Manual refer to Market (United Kingdom) Ltd. for Independent UnFranchise Owners residing in the United Kingdom.
Business Development Centre (BDC): Often referred to as an income centre. The placement in which BV is stored and to which commissions and bonuses are paid. A BDC is identified with an Independent UnFranchise ID number, and extension number (e.g., -001, -002, -008, etc.). You may have multiple BDCs.
Placement: Term used to illustrate the Independent UnFranchise Owner or BDC directly above or below a particular Independent UnFranchise Owner or BDC in the Market United Kingdom genealogy line — also referred to as “linkage.”
Independent UnFranchise Owner: An Independent UnFranchise Owner is a person who has executed an Independent UnFranchise Owner Application and Agreement and has been entered into the Market United Kingdom computer database. This includes both Sales Representatives and UnFranchise Owners. Often referred to only as “UnFranchise Owner.”
Sales Representative: A Sales Representative is any Independent UnFranchise Owner who has not paid the subscription fee, or has not renewed his/her subscription fee when applicable. A Sales Representative cannot participate in the Management Performance Compensation Plan (MPCP).
UnFranchise Owner: Short form of Independent UnFranchise Owner.
Sponsor: An active Independent UnFranchise Owner who personally recruits a new Independent UnFranchise Owner, as indicated on the new Independent UnFranchise Owner’s Application and Agreement.
UnFranchise Cost: The amount of money that an Independent UnFranchise Owner pays for products ordered from Market United Kingdom.
Suggested Retail Price: The price the Company suggests for retailing products and services. An Independent UnFranchise Owner may charge less or more than this figure. This is also the amount on which the Independent UnFranchise Owner pays sales tax, if applicable.
Business Volume (BV): The numeric value assigned to products and services, which accumulates toward the payout of commission.
Personal Business Volume (PBV): Business Volume placed in any of an Independent UnFranchise Owner’s personal BDCs. This BV is used initially to qualify a BDC, for quarterly BV requirements, and/or to exercise the Monthly Accrual Option.
Group Business Volume (GBV): The collective Business Volume generated by all Independent UnFranchise Owners within an individual’s downline organisation. This BV accumulates toward the payout of commission.
Gross Retail Profit: Gross Retail Profit is Retail Price minus UnFranchise Cost minus 20 percent VAT.
Net Retail Profit: Net Retail Profit is calculated by subtracting handling fees (equivalent to 3 percent of the order) from Gross Retail Profit.
Qualified UnFranchise Owner: An Independent UnFranchise Owner who has met all three of the following criteria: (1) accumulated at least 200 PBV in a BDC; (2) paid the subscription fee; and (3) is linked properly.
Qualified Business Development Centre: Any individual BDC that has accumulated at least 200 PBV and the Independent UnFranchise Owner has met all three criteria to be a qualified Independent UnFranchise Owner.
Qualification Date (Q-date): The Friday of the week in which an Independent UnFranchise Owner initially meets all three criteria to be a qualified Independent UnFranchise Owner. This Q-date is the date on which both monthly and quarterly due dates are based for each Independent UnFranchise Owner.
Monthly Accrual Option: Ability of qualified Independent UnFranchise Owners to continue to accrue GBV month to month by assigning a minimum amount of PBV to their BDC-001 and subscribing to the UnFranchise Management System approximately every 28 days (each monthly Q-date period). The amount of PBV necessary is determined by the Independent UnFranchise Owner’s UnFranchise Level (UnFranchise Owner, Coordinator, or Executive Coordinator and higher).
UnFranchise AutoShip: A standing order that is shipped automatically monthly, paid for by bank draught or credit card. This order is designed to cover the PBV necessary to exercise the Monthly Accrual Option; therefore, BV is placed in the Independent UnFranchise Owner’s BDC-001 automatically. The monthly subscription to the UnFranchise Management System to exercise the Monthly Accrual Option can also be ordered through UnFranchise AutoShip.
Bad Flush: The flushing (resetting to 0) of accrued GBV totals in all of an Independent UnFranchise Owner’s personal BDCs, because the UnFranchise Owner did not submit the minimum monthly PBV and/or a monthly subscription to the UnFranchise Management System to exercise the Monthly Accrual Option — also referred to as “Red Flush.”
Active Independent UnFranchise Owner: An Independent UnFranchise Owner who has met the minimum activity requirements: (1) submitting a valid quarterly UnFranchise Owner Sales Report (Form 1000), (2) ordering and correctly assigning the minimum quarterly PBV amount, and (3) submitting a valid Annual Renewal Form. This includes both Sales Representatives and Independent UnFranchise Owners.
Quarter: For qualified Independent UnFranchise Owners, a period of every three months based on the qualified Independent UnFranchise Owner’s initial Q-date (also called a “Three Q-Date Period”). For Sales Representatives and unqualified Independent UnFranchise Owners, a period of every three months based on the Sales Representative’s or unqualified Independent UnFranchise Owner’s start date (date the Application and Agreement was received and entered into the computer database by Market United Kingdom) (also called a “Three Start-Date Period”).
UnFranchise Owner Sales Report (Form 1000): Report showing proof of at least two retail sales totalling £115.00 for UnFranchise Owners residing in the UK. This form is due each quarter for BDC-001 and one-time-only for all other extensions of the same ID number.
Purge: The flushing (resetting to 0) of accrued GBV totals and also the purging (resetting to 0) of accumulated PBV in all of an Independent UnFranchise Owner’s personal BDCs, because the Independent UnFranchise Owner failed to meet minimum activity requirements. This will cause the Independent UnFranchise Owner to be considered “inactive” and will cause BV amounts to be subtracted from GBV totals of qualified upline Independent UnFranchise Owners.
Activate: To make a qualified BDC eligible to earn commission payouts at the applicable GBV levels by personally sponsoring and maintaining at least one qualified Independent UnFranchise Owner on the left of your qualified BDC, and personally sponsoring and maintaining at least one qualified Independent UnFranchise Owner on the right of your qualified BDC.
Override Commission: The money earned by Independent UnFranchise Owners on GBV generated by Independent UnFranchise Owners in the downline organisation.
Coordinator: An Independent UnFranchise Owner who has earned his/her first commission.
Good Flush: The flushing (resetting to 0) of accrued GBV totals in a particular BDC, because the Independent UnFranchise Owner accrued at least 5,000 GBV on the left and at least 5,000 GBV on the right of that BDC for a weekly commission cycle. — also referred to as “Green Flush.”
Executive Coordinator: An Independent UnFranchise Owner who has accumulated a minimum of 5,000 GBV on both left and right sides of a BDC and has earned that £340.00, or has had his/her first “good flush” for which a commission was earned.
Management Bonus: In the same week that a respective BDC earns a commission for reaching the 5,000/5,000 GBV compensation criteria (had a “good flush”), also having a BDC on the left side and a BDC on the right side each earn a commission for reaching the 5,000/5,000 GBV compensation criteria. This bonus is an extra £340.00 for UnFranchise Owners residing in UK, and is also called a “triple flush.”
Master Coordinator: An Executive Coordinator who has earned a Management Bonus.