Today we will talk about Mi Lifestyle Business Plan New 2022 in this post. And we will find out that Mi Lifestyle Marketing, how income comes in Mi Lifestyle, Mi Lifestyle turnover, mi lifestyle marketing plan, what is Mi Lifestyle Rank, mi lifestyle business plan pdf download, and How is Income Calculated in Mi Lifestyle? In this post we will answer these questions.
If you want to know what is Mi Lifestyle Income Plan. So you should read this post completely.
Mi Lifestyle Business Plan New 2022 | Mi Lifestyle Marketing Bonus
When we buy any products in Mi Lifestyle Business, we get some BV (Business Volume). In this company we get Rs.75 BV on purchase of Rs.100.
Direct Selling Company Mi Lifestyle Marketing works on Hybrid Plan. As we have mentioned earlier that Mi Lifestyle Marketing is a network marketing company. In this company we have to build our own team. When we join Mi Lifestyle Business, we are called distributors of the company.
Mi Lifestyle pays 9 types of commission to its distributor. A Criteria has been set for each commission.
- Awards and Rewards
- Loyalty Bonus
- NTC Bonus
- Performance bonus
- Rank Income
- Retail Profits
- Royalty Income
- Sales Turnover Bonus (Weekly Payout)
- Star Performance bonus
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Retail Profits (10% to 60%)
The discount available on the MRP of Mi Lifestyle Products. That is Retail Profit. Different percentage discount is available on every item in Mi Lifestyle. This discount ranges from 10% to 60%.
Like MRP of ELEMENTS CYCLOVA 30 CAPSULES is Rs 1800, Mi Lifestyle Distributor gets Rs 1350. So it will be Retails Profit.
1800-1350 = Rs.450 (25%)
Mi Lifestyle Distributor sells this product to a customer at MRP, then he gets Rs 450
profit will be. i.e. Retail Profit of 25%
Sales Turnover Bonus (12%)
Mi Lifestyle Business Plan 2022 Sales Turnover Bonus Sales Turnover Bonus, weekly is available. The week in the company begins on Saturday and ends on Friday night. We get this bonus on BV matching of our team ORG-1 and ORG-2. This bonus is 12% of our matching BV. This bonus is available only by joining new people.
Let’s say our team ORG-1 and ORG-2 have a matching of 20000 GBV in a week, then we will get Sales Turnover.
- The maximum capping of this bonus is Rs.210000 weekly and Rs.840000 monthly.
- The BV left after matching gets transferred to the next week.
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Rank Income (2% to 7%)
In Mi Lifestyle Business Plan 2022 we get rank on GBV matching of our team ORG 1 and ORG 2. There can be any number of branches (legs) in both the ORGs.
Mi Lifestyle Rank and their qualifying GBV are given in the table below. In the table, Mi Lifestyle Rank is given in the left side and Qualifying GBV in the right side. Suppose we have a matching of 2.5 lakh GBV from our team ORG 1 and ORG 2 then we get the rank of Team Coordinator. Similarly the rest of the ranks are also given.
Mi Lifestyle Rank List Table
|S.No.||Rank||Minimum Qualify Matching GBV from ORG 1 and ORG 2|
|1||Team Coordinator (TC)||2.5 million GBV|
|2||Area Team Coordinator (ATC)||5 million GBV|
|3||District Team Coordinator (DTC)||7.5 million GBV|
|4||Zonal Team Coordinator (ZTC)||15 million GBV|
|5||State Team Coordinator (STC)||25 million GBV|
|6||Regional Team Coordinator (RTC)||75 million GBV|
|7||National Team Coordinator||2 million GBV|
|8||Continentional Team Coordinator||5 million GBV|
|9||International Team Coordinator||10 million GBV|
|10||Global Team Coordinator||75 million GBV|
|11||Universal Team Coordinator||150 million GBV|
Mi Lifestyle Distributor Rank
Mi Lifestyle Distributor Rank and their Minimum Qualifying Criteria have been given in the table given below.
|S.No.||Mi Lifestyle Distributor Rank||Qualifying GBV|
|1||Star Silver Director||2.5 Lakh GBV in 3 Branches (Leg)|
|2||Star Pearl Director||7.5 Lakh GBV in 3 Branches (Leg)|
|3||Emerald Director||20 Lakh GBV in 4 Branches (Leg)|
|4||Gold Director||80 Lakh GBV in 4 Branches (Leg)|
|5||Platinum Director||2 Crore GBV in 4 Branches (Leg)|
|6||Diamond Director||5 Crore GBV in 4 Branches (Leg)|
|7||Royal Diamond Director||4 Platinum Director in 4 Branches(Leg)|
|8||Crown Diamond Director||4 Diamond Director in 4 Branches(Leg)|
|9||Crown Ambassdor||4 Royal Diamond Director in 4 Branches(Leg)|
Mi Lifestyle Rank List and their Rank Income % are given in the table below. In Mi Lifestyle Business Plan 2022, Star Silver Rank is given rank income of 2% of the company’s turnover. This income is distributed equally among all qualifying Star Silver. Similarly, the rest of the level also gets Rank Income.
|S.No.||Mi Lifestyle Distributor Rank||Rank Income % of Company Global Turnover|
|1||Star Silver Director||2.0%|
|2||Star Pearl Director||3.0%|
|7||Royal Diamond Director||6.0%|
|8||Crown Diamond Director||6.5%|
Performance Bonus (1.5%)
To get the performance bonus in Mi Lifestyle Business Plan 2022, it is necessary to match 1 lakh GBV in a month in your team ORG 1 and ORG 2. This bonus is 1.5% of the company’s global turnover. This bonus divides the qualifying distributors according to their rank. To qualify this bonus, a criteria has been set for each rank. Which is given below in the table.
|S.No.||Rank||Minimum Qualify Matching GBV from ORG 1 and ORG 2|
|1||Distributor||1 million GBV|
|2||Team Coordinator (TC)||2 million GBV|
|3||Area Team Coordinator (ATC)||3 million GBV|
|4||District Team Coordinator (DTC)||3.75 lakh GBV|
|5||Zonal Team Coordinator (ZTC)||4.5 million GBV|
|6||State Team Coordinator (STC)||5.5 million GBV|
|7||Regional Team Coordinator (RTC)||6.5 lakh GBV|
Star Performance Bonus (0.5%)
In Mi Lifestyle Business Plan 2022, this bonus is given only to Emerald, Gold and Platinum ranked distributors. The qualifying table for this bonus is given below.
Star Performance Bonus Table
|S. No.||Rank||Minimum GBV From Branch 1||Minimum GBV from Branch 2||Minimum GBV from Branch 3||Minimum GBV from Branch 4|
|1||Emerald Director||2 lakh||2 lakh||1 Lac||1 Lac|
|2||Gold Director||4 million||4 million||2 lakh||2 lakh|
|3||Platinum Director||8 lakh||8 lakh||4 million||4 million|
This bonus is 0.5% of the turnover of the company. That is, the company reserves its global turnover for 0.5 Star Performance Bonus. This bonus is divided into 3 parts. 40% of the Star Performance Bonus is distributed equally to the Emerald Director, 30% to the Gold and 30% to the Platinum Director.
|S. No.||Rank||Matching Repurchase GBV||Repurchase GBV from 3rd Branch||Repurchase GBV from 3rd Branch||Rewards (INR)|
|6||Star Silver Director||15000||7500||5000|
|7||Star Pearl Director||30000||15000||7500|
Critrea has been set for this bonus in Mi Lifestyle Business Plan 2022. Which is given in the table below. It is given to the rank above the District Team Coordinator (DTC). This bonus is available in a fixed amount. Which is given on the right side in the table. For example qualifying DTC 5000 Loyalty Bonus is available. Similarly, Fixed Loyalty Bonus is also available for the rest of the ranks. Which is from 5000 rupees to 20000 rupees.
In Mi Lifestyle Business Plan 2022, royalty income is given to Diamond Director and above rank. For each rank, Mi Lifestyle has set a percentage value. Which is given in the table below. For example, the company gives 0.40% of its global turnover to all its Diamond Directors. This income is distributed equally to all the qualifying distributors.
Royalty Income Table
|S. No.||Distributor Rank||Royalty Income Percentage|
|1||Diamond Director||0.40% of Company Global Turnover|
|2||Royal Diamond Director||0.20% of Company Global Turnover|
|3||Crown Diamond Director||0.20% of Company Global Turnover|
|4||Ambassador skin||0.20% of Company Global Turnover|
In Mi Lifestyle Business Plan 2022, NTC (National Team Coordinator) bonus is available only to the distributor of NTC rank. That is, when you match 2 Cr GBV in your team ORG 1 and ORG 2. Then you get NTC Bonus. For this, it is necessary to have 25% GBV Repurchase in your team.
Awards and Rewards
In Mi Lifestyle Business Plan 2022, the company keeps on releasing many rewards and awards from time to time. Some of the rewards are mentioned in the table below. And their qualifying criteria have also been told.
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Mi Lifestyle Awards and Rewards Table
|S.No.||Mi Lifestyle Distributor Rank||Qualifying Week Time||Rewards (One time Bonus)|
|1||Star Silver Director||10 weeks||Rs 25000 Laptop|
|2||Star Pearl Director||18 weeks||Rs 40000 Bike Fund|
|3||Emerald Director||36 weeks||Rs. 1 Lakh Budget Car Fund|
|4||Gold Director||46 weeks||Rs 3 Lakh Sedan Car Fund|
|5||Platinum Director||58 weeks||Rs 5 Lakh Premium Car Fund|
|6||Diamond Director||72 weeks||Rs 10 Lakh Luxury Car Fund|
|7||Royal Diamond Director||100 weeks||Rs 16 Lakh Single Studio Apartment Fund|
|8||Crown Diamond Director||132 weeks||Rs 32 Lakh Luxury Apartment Fund|
|9||Crown Ambassdor||180 weeks||Rs 75 lakh Villa Fund|
conclusion – Mi lifestyle business plan
Now you have read Mi Lifestyle Business Plan 2022 completely. You must have come to know about Mi Lifestyle Marketing Plan, Mi Lifestyle Company in details.
FAQ – Mi lifestyle business plan
mi lifestyle joining fees
My Lifestyle Marketing does not charge any joining fees from you, it is absolutely free. To activate the ID in Mi Lifestyle, a purchase of Rs 5000 – 10000 has to be done.
Where is my lifestyle company located?
My Lifestyle Company is from India. Its head office is in Chennai.
Who is the owner of My Lifestyle Company?
My Lifestyle Company is owned by Pravin J. Chandan.
What is the turnover of MI lifestyle?
500 Cr in 2020
Is Mi lifestyle illegal in India?