02/09/2020
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*Basic Terminologies in LONGRICH*
*PV* - It means point Value or product value-every product has an assigned point valve irrespective of the Price. It could be 5 ,3, 3.5, 45 etc.
*Back order* - purchase of a product without immediate collection from a stockist.
*Sponsor* - this is Your upline, someone that joined before you Upon registration. ( you can sponsor as many people as you can but on ur first generation which is ur first 3 legs, it cannot take more than 3 people at that level).
*Placement* - your downline, It could be more than one. ( this is where you place the other people you will sponsor after ur initial 3 legs at ur first generation).
*Back office* - this is where you check what is happening under your legs and accumulated group pv ,you will have to login with a password.
*Membership code* - this is Given the day you join LONGRICH, it is unique and will be used by you or a Friend/ family member to make purchase directly at company's price.
*Distributor* - the day you join LONGRICH, you have become a distributor, Partner,or shareholder in LONGRICH and are entitled to car incentive, travel incentive, scholarship, house incentive subsequently as you go up the ladder.
*Compensation plan* -this is what the company has in stock for you as a partner for as long as you are playing by the rules.
*Recruiting* - this means sharing your Business idea with as many People as possible, note everyone is a potential prospect
Pls always share generously.
*Prospect* -people you share your ideas with are your prospects.
*Stockist* - someone who keys in orders and sells to distributors.
*Entry level* :This is the level you decide to join the company,it can be Q-silver, Silver,Gold,Platinium or VIP.(Note-you can change from one level to another by upgrading but VIP is the highest level)
*Upgrade* :Simply means you want to change from one level to another by purchasing products that would help you get to that level(remember each product has it's point)
*Rank* : This is simply your position or qualification in the company-Diamond 1 to Diamond 7 and Star Director 1 to Star Director 5
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