b) Global Victors Pvt. Ltd. is a company registered under the applicable laws in Kathmandu, Nepal. The company will distribute its products either directly or through its authorized distributor. All other functions,including bonus distribution, will be managed by the Company.
2. a) Our company does not guarantee that a GBO will achieve financial success without putting in effort or solely relying on others. Compensation in GV is tied to the sale of its products. Each GBO operates as an independent contractor, and personal success is determined by individual effort.
b) Global Victors (GV) has a rich history of success. The core objective of the Global Victors Marketing Plan is to encourage the sale and use of high quality products to consumers. The main role of the Global Victors Business Owner (GBO) is to promote the sale and use of these products directly and by establishing a sales organization.
c) Every GBO, no matter where they stand in the GV Marketing Plan, should try to sell products each month and keep track of those sales. It's important for GBOs to maintain a proper record of their sales, including product details, prices, taxes, and quantities, following the rules and laws in place.
d) A successful GBO stays updated on the market by participating in training meetings, retaining personal retail customers, and sponsoring other GBOs to sell to retail customers.
e) If you have questions or need clarification, reach out to your sponsor and upline Superiors. If your queries are not resolved, you can contact our customer care team at contact@globalvictor.com
3. a) Company policies and the Code of Professional Conduct have been instituted to establish constraints, guidelines, and regulations for appropriate sales and marketing practices, aiming to prevent improper, abusive, or unlawful actions. Such company policies and the Code of Professional Conduct are subject to periodic review, modification, and additions. Any revisions, modifications, or amendments to the Company Policies and the Code of Professional Conduct will be posted on the Global Victors website at www.globalvictor.com and will take effect immediately.
DEFINITIONS
a) Accredited Sales
Sales activity as reflected by the Business Volume of orders placed with the Designated Distributor of the Company.
b) Active GBO - A GBO who achieves a Business Volume of 50k BV or more in a given calendar month, with a minimum of 5k BV originating from their personal Business Volume.
Business volume (BV) is turnover (excluding taxes) used for calculating all turnover.
Bonus Recap Price (BRP) is the price (excluding taxes) used for calculating all bonuses.
Bonus: A payment from the Company to a Wholesale Qualified Global Victors Business Owner.
(A) Volume Bonus (VB): A payment to a qualifying GBO, ranging from 3% to 11% of the BRP of the Personal Accredited Sales of a downline GBO who is not under an Active downline Superior.
(B) Leadership Bonus (LB): A payment to a qualifying Active Superior, ranging from 1% to 5% of the BRP of the Personal Accredited Sales of his/her downline Superiors and the GBOs under those downline Superiors.
Distributorship - A business entity that has been given the opportunity to be part of Global Victors.
Turnover - Turnover refers to the total revenue that a company and individual GBO generates through normal business activities within a certain period. Turnover is used to assess sales activities for determining advancements, bonuses, awards, and incentives in accordance with the Global Victors (GV) Marketing Plan.
(a) Active Turnover : Personal Turnover plus Preferred Customer and their downline’s BV. These determine a GBO’s Active status each Month. Only first 1000BV (total) of personally sponsored Preferred Customer can be counted towards the active Turnover.
(b) ROYALTY Turnover: Turnover given to an Active RB Qualified SUPERIOR calculated at 40%, 20%, 10% of the Personal and Non-SUPERIOR Business Volume of his/her 1st, 2nd, 3rd generation RB Qualified Superiors, respectively.
(c) Preferred Customer Turnover: Turnover as reflected by the purchases of a personally-sponsored Preferred Customers and their downlines BV, until personally sponsored Preferred Customer achieves Assistant MANAGER Level.
(d) Non-Superior Turnover: Turnover as reflected by the Personal Accredited Sales of a downline GBO who is not under a downline Superior.
(e) Passes Through Business Volume: BV as reflected by the Personal Accredited Sales of a downline Non-Superior that pass through an Inactive Superior. These are not counted as Non-Superior BV towards the qualification of any incentives, however, they are counted as part of Superior's Total Business Volume.
f) Personal BV: Business Volume as reflected by the GBO’s Personal Accredited Sales.
(g) Total Business Volume: The total of all the GBO’s various Business Volume.
(h) NEW Business Volume: The BV generated by a Superior's personally-sponsored Preferred Customers/GBO lines for 12 processing months after being sponsored (including the month in which that GBO line was sponsored), or until that GBO line achieves Superior, whichever occurs first.
Cooling-off Period: According to the Direct Selling Rules, the "cooling-off period" is defined as a specific timeframe allowing a Preferred Customer/GBO to cancel their participation agreement in the direct selling business without breaching the contract or incurring penalties. In accordance with the Direct Selling law in Nepal, this cooling-off period spans 30 days from the date of joining. Within this period, a Preferred Customer/GBO has the right to repudiate their agreement with the company.
During the cooling-off period, the Preferred Customer/GBO can return any resalable and usable product in good condition and receive a refund in compliance with the Company's Buy-Back Policy. The law permits buyers to return purchased products within 30 days of the purchase, with the company deducting applicable taxes and service charges before refunding the money.
EB SUPERIOR - A GBO who is qualified to receive the annual ELITE CLUB Bonus.
EB Lines - a count of EB Superiors in an GBO’s sponsorship lines that he/she can use towards qualifying for the Elite Club Bonus
Downline - All GBOs sponsored under an GBO, regardless of how many generations down.
Direct Selling - As per the Direct Selling Rules, "Direct Selling" means marketing, distribution and sale of goods or provision of services through a network of sellers, other than through a permanent retail location.
Direct Seller - “Direct Seller” means a person authorized by a direct selling entity through a legally enforceable written contract to undertake direct selling business on principal to principal basis.
Direct Selling Entity“ - Direct Selling Entity” means the Principal entity which sells or offers to sell goods or services through direct sellers, but does not include an entity which is engaged in a Pyramid Scheme or money circulation scheme.
Earned Incentive (GV2RIDE) - An incentive program that pays the qualifying GBO an extra payment for a period of 18 months.
Earned Trip - A travel award, presented to the GBO who achieves any of various marketing plan incentive programs.
Global Victors Business Owner (“GBO”)
The term ‘Global Victors Business Owner’ (GBO) refers to an individual who has completed all legal and company procedures and has officially registered as a distributor of the company.
Any Nepalese resident, 18 years of age or older, whose name appears on a GV Business Owner Application that has been accepted by the Company and has purchased Npr 56500/- worth of products within two consecutive months is Wholesale Qualified. Being Wholesale Qualified allows GBOs to purchase products at the wholesale price, receiving a 20% - 31% discount from the Bonus Recap Price based on their level within the GV Marketing Plan. Wholesale-qualified GBOs acquire products directly from the Designated Distributor at the published wholesale price, inclusive of taxes.
Upon joining the company, a GV Business Owner becomes a Direct Seller in accordance with the Direct Selling Rules. Please let me know if you have any specific areas you would like further clarification on or if there are any specific changes you would like.
Gem Superior - A Superior who has developed at least 8, 1st Generation Sponsored Recognized Managers.
Royalty Bonus Qualified (RBQ) - A Recognized Superior who has qualified to receive Royalty Bonus for the Month
Maximum Retail Price (MRP) - Maximum Retail Price is the maximum price (including taxes) at which the product can be sold by an GBO to the retail customer.
Personal Accredited Sales - The BRP or Business Volume of the GBO’s sales activity as reflected by purchases made in his/her name.
Preferred Customer - One who registers with the company to purchase products at 5% discount of the BRP.
Prospect - As per Rule of the Direct Selling Rules, "Prospect" means a person to whom an offer or a proposal is made by a direct seller to join a direct selling entity.
Re-sponsored GBO - A GBO who has changed his/her sponsor after 12 months of no activity
Retail Customer - One who purchases GV products through authorized channels and has not yet applied to be a Preferred Customer by submitting a Global Victors Business Owner Application to the Company either physically or digitally.
Saleable condition - It means, with respect to goods, unused and marketable which has not expired, and which is not seasonal, discontinued or special promotional goods.
Sales Level - Any of various levels achieved by the accumulative Business Volume of the GBO and his/her Downline. These include Assistant Manager, Manager, Vice Superior and Superior.
Sponsor - A GBO or Preferred Customer who personally signs up another GBO/Preferred Customer.
Upline - The GBOs or Preferred Customers in the upline genealogy of an GBO.
Waiver: - Awarded to the GBO who fulfills specific requirements to qualify for bonuses in the following month.
(a) Activity Qualification Waiver: A GBO who is active with a Personal and Preferred Customer BV of 50k will receive an Activity Waiver for the following month.
(b) Royalty Bonus Qualification Waiver: A Recognized Superior who is active or has received an Activity Qualification Waiver and fulfills the Personal/Non-Superior BV Royalty Bonus requirement during the current month will receive a Royalty Bonus Waiver for the following month.
Webstore
The official online shopping option available through www.globalvictor.com
Wholesale Price (WHP)
The price, not including local taxes, at which the products are sold to the GBO who is Wholesale Qualified. This price is discounted 25% from BRP.
Wholesale Qualified
The right to purchase product at the Wholesale Price. A Global Victors Owner is permanently Wholesale Qualified after he/she has purchased npr 56500/- within two consecutive months
3) Preferred customer
3.01
The Preferred Customer is solely a consumer of GV products. He/she is not licensed to sell GV products.
3.02
Preferred Customer Price - 5% discount off the MRP who are not Wholesale Qualified
3.03
When the Preferred Customer Complete Personal Purchases of Apr 56500/- within a 2-consecutive-Month period, he/she is entitled to a permanent 25% discount on BRP on subsequent orders.
3.04
Preferred Customer Profit - 20% of the BRP of purchases made by Preferred Customers is paid to the Sponsor, until the Preferred Customer becomes wholesale qualified.
3.05
Preferred Customer Profit - 20% of the BRP of purchases made by Preferred Customers is paid to the Sponsor, until the Preferred Customer becomes wholesale qualified.
3.06
Preferred Customer is allowed to sponsor other Preferred Customers after he/she has made purchases worth NPR. 10000/- in a calendar month has submitted his/her KYC which is approved by the Company.
3.07
Preferred Customer bonuses earned on the purchases made by downlines of a Preferred Customer will roll up to the next active upline.
4 Bonus structure/Marketing plan
4.01
The responsibility of making Bonus payments to the GV Business Owner shall vest with the Company. Upon becoming Wholesale Qualified, the Preferred Customer becomes a GV Business Owner (GBO) at the Sales Level of Assistant Manager. The combined sales volume generated by the GBO and his/her subsequent downline organization qualifies the GBO to receive Sales Level promotions, and increased Discounts and Bonuses as outlined below:
(a) Assistant Manager is achieved by generating a total of turnover of 56500/- Personal and Non-Superior within any 2 consecutive Months. The Wholesale Qualified Assistant Manager receives:
• 20% discount on BRP on personal orders.
• 20% Preferred Customer Profit on the Purchases of personally-sponsored Preferred Customers.
(b) Manager is achieved by generating a total of 4,50,000 Personal and Non-Superior Case Credits within any 2 consecutive Months. The Wholesale Qualified Manager receives:
• 20% discount on Bonus Recap Price plus 3% Personal Bonus on Personal Purchases.
• 20% Preferred Customer Profit on the Purchases of personally-sponsored Preferred Customers.
• 3% Preferred Customer Bonus on the Purchases of personally-sponsored Preferred Customers.
The Active Manager also receives:
• 3% Volume Bonus on the Personal Accredited Sales of personally-sponsored Assistant Supervisors and their Downlines.
(c) Vice Superior is achieved by generating a total of Npr 13,50,000/-Personal and Non-Superior Turnover within any 2 consecutive Months. The Wholesale Qualified Vice Superior receives:
• 20% discount on Bonus Recap Price plus 7% Personal Bonus on Personal Purchases.
• 20% Preferred Customer Profit on the Purchases of personally-sponsored Preferred Customers.
The Active Vice Superior also receives:
• 5% Volume Bonus on the Personal Accredited Sales of personally-sponsored Supervisors and their Downlines.
• 8% Volume Bonus on the Personal Accredited Sales of personally-sponsored Assistant Supervisors and their Downlines.
• 5% Personal and Preferred Customer Bonuses forfeited by inactive downline Assistant Supervisors.
(d) Superior is achieved as soon as 22,50,000/- Personal and Non-Superior Case Credits are generated within any 1 or 2 consecutive Months, or 27,00,000/- Personal and Non-Superior Turnover within any 3 or 4 consecutive Months. The Recognized Superior receives:
• 20% discount on Bonus Recap Price plus 11% Personal Bonus on Personal Orders.
• 20% Preferred Customer Profit on the Purchases of personally-sponsored Preferred Customers.
• 11% Preferred Customer Bonus on the Purchases of personally-sponsored Preferred Customers.
The Active Superior also receives:
• 4% Volume Bonus on the Personal Accredited Sales of personally-sponsored Vice Superiors and their Downlines.
• 8% Volume Bonus on the Personal Accredited Sales of personally-sponsored Manager and their Downlines.
• 11% Volume Bonus on the Personal Accredited Sales of personally-sponsored Assistant Manager and their Downlines.
(g) One month or two consecutive months may be used to accumulate the Turnover necessary to achieve the levels of Assistant Manager, Manager, Vice Superior or Superior and any three or four consecutive months may be used to accumulate the Turnover necessary to achieve the Superior.
(h) A GBO who moves up to Recognized Superior as outlined in Section 4.01, shall be classified as either a Sponsored Superior or a Transferred Superior as follows:
(i) The Turnover from the purchase of Preferred Customer and their downlines will count for Active qualification of his/her assigned GBO. As soon as personally sponsored Preferred Customer accumulates NPR 56500/- turnover, it will not count towards the active turnover requirement.
(j) A Sponsor receives full turnover credits of any personally-sponsored Preferred Customer and ensuing Downline group until that Preferred Customer achieves the Manager level. Subsequently, if the Sponsor is Royalty Bonus Qualified (RBQ), he/she receives Leadership Turnover Credits equal to 40% of the Personal and Non-Superior Turnover of the first RBQ Superior down each sponsorship line, 20% of the Personal and Non-Superior Turnover of the second RBQ Superior down each sponsorship line, and 10% of the Personal and Non-Superior Turnover of the third RBQ Superior down each sponsorship line.
(k) A GBO will not pass up the Sponsor on the way to achieving any Sales Level.
(L) There is no re-qualifying for a Sales Level once it is earned unless the Forever Business is terminated or the GBO is Re-sponsored.
4.02 Preferred Customer 6-month Policy
(a) A Preferred Customer is eligible to choose a new Sponsor after being a Preferred Customer for 6 full Months.
(b) A Preferred Customer who chooses a new Sponsor will lose any former downlines and accumulated move-up Turnover Credits and will count as newly-sponsored for all applicable incentives. With the implementation of the new policy of Single Name Required on GBO Applications, Preferred Customers with 2nd applicant on their original GBO Application, the 2nd applicant's name will be automatically deleted on completion of the sponsor change request.
4.03 Activity Qualification
(a) To qualify for Volume and Royalty Bonuses and all Incentives, a GBO must be Active, and meet all other requirements of the Marketing Plan during the calendar month in which the bonuses were accrued.
(b) To be considered Active for the Month, a GBO must have a Total of NPR 45000/- Active Turnover during that Month, at least Npr 5000/- of which is a Personal Turnover.
(c) Managers, Vice Superiors, and Superiors who do not achieve Active status will not be paid a Volume Bonus that month. Any Bonuses accrued by a GBO who is NOT active during the month will be paid to the Active upline GBO as per the marketing plan.
(d) A GBO who forfeits any Bonus may re-qualify the following month as an Active GBO.
4.04 Bonus and Profit Calculations and Payments
(a) All bonuses are calculated on the Bonus Recap Price (BRP) as set forth in the GBO’s monthly recap.
(b) Bonuses are calculated according to the level attained at the time an order is processed. Bonuses are effective on the date of move-up to a higher level.
(c) A GBO does not receive a Volume Bonus on any GBO in his/her sponsored group who is at the same level in the marketing plan. However, he/she will receive full Turnover Credits from such sources for Sales Level advancement and other incentives.
(d) Bonus payments are credited into GBO’s bank account on the fifteenth of the month following the month in which the product was purchased from the Company. Example: bonuses for January purchases are credited into bank account on February 15th. A summary of earnings (bonus recap statement), bonus accrued, and other relevant data are made available online through www.globalvictor.com
(e) Profits generated on purchases by Preferred Customers are paid along with the Bonus amounts of the GBOs on the 15th of the month following that in which the product was purchased from the Company.
(f) Any 3rd-party charges or fees/taxes accrued on payments made to a GBO outside the Country in which the Profits/Bonuses are earned will be the responsibility of the GBO.
4.05 Global Victors Business Owner (GBO) 36-Month Policy
(a) A GBO who has not made a purchase for 36 consecutive calendar Months will forfeit all sponsored downlines to his/her first upline GBO.
(b) If the GBO has any 1st Generation Superiors in his/her organization, these Superiors will be classified as Inherited Superiors to the newly appointed Sponsor.
5.01 Recognized Superior
(a) A GBO qualifies as a Recognized Superior and receives a gold Superior pin
(b) If a GBO’s Downline GBO also qualifies as a Superior (Recognized or Unrecognized) in any country during the same period, the GBO will be a Recognized Superior if
5.02 Unrecognized Superior
(a) As soon as a GBO and Downline generate Npr 22,50,000/- Personal and Non-Superior Turnover within 1-2 consecutive Months, or 27,00,000 Personal and Non-Superior Turnover within 3-4 consecutive Months, and the GBO does not meet the remaining requirements for Recognized Superior, he/she becomes an Unrecognized Superior.
(b) An Unrecognized Superior can qualify for the Volume Bonuses, but cannot qualify for Royalty Bonus or any other Superior incentive.
(c) An Unrecognized Superior can re-qualify as a Recognized Superior by meeting the following requirements:
(3) The re-qualification period cannot start earlier than the last month of his/her Unrecognized Superior qualification. It means if a GBO moves to an Unrecognized Superior Level in February, Turnover in the earlier months cannot be counted to requalify as Recognized Superior.
(d) If the re-qualification period starts in the last month of his/her
Un-Recognized Superior qualification, the Turnover that was not associated with a Downline Superior move-up during the last Month of move up to Unrecognized Superior can be counted for the Recognized Superior qualification.
(e) From the date that an Unrecognized Superior has generated the required Personal and Non-Manager Turnover he or she becomes a Recognized Superior and will begin to accrue Leadership Bonuses and Leadership Turnover on Accredited Sales if he/she is Royalty Bonus Qualified.
(f) If an Unrecognized Superior does not achieve Recognized Superior level before the 12-month period is over from the month he/she has moved to Unrecognized Superior, he/she will forfeit all Superior downlines.
5.03 Sponsored Superior:
(a) A Superior becomes a Sponsored Superior to his/her immediate upline Sponsor by
(b) Beginning with the Month following qualification as a Sponsored Superior, he/she can be counted for his/her upline Superior’s Gem Superior Level and for any other incentive that requires Sponsored Superiors.
5.04 Inherited and Transferred Superior
(a) A Superior is considered Inherited if he/she is moved to a different Sponsor under the 12-month RBQ rule, or if his/her Sponsor is terminated or re-sponsors. In such case, he/she becomes an Inherited Superior to his/her new Sponsor.
(b) A Superior is considered Transferred according to Policy outlined in Section 4.01(h) until he/she requalifies as a Sponsored Superior.
(c) Inherited and Transferred status does not affect the Volume Bonus or Leadership Bonus paid to any Superior or to his/her upline.
(d) An Inherited or a Transferred Superior does not count for the upline Superior’s Turnover reduction for the Earned Incentive Program or Gem Superior.
(e) An Inherited or Transferred Superior can re-qualify as a Sponsored Superior by meeting the following requirements:
6.03
A Royalty Bonus, based on the Total BRP of a Superior’s Personal and Non-Manager Accredited Sales of the qualifying month, is paid to his/her upline Royalty Bonus Qualified Superiors at the following rates:
3% is paid to the second upline RBQ Superior.
6.04
(a) A Superior who is not Active for three consecutive Months loses eligibility to qualify for Royalty Bonus, even if he/she has no downline Superiors.
(b) Royalty Bonus eligibility can be regained by meeting the following requirements in any Single Operating Company:
(c) Upon regaining eligibility, Royalty Bonus will accrue each month that the Superior is RBQ thereafter, beginning with the fourth month, which will be paid on the 15th of the fifth month.
6.05
(a) Superior who is not RBQ for at least once in the previous twelve consecutive Months, and who is not in the process of regaining Royalty Bonus eligibility, will permanently forfeit all downline Superior lines, and any new superiors he/she develops.
(b) A forfeited Superior line will become an Inherited Superior to the first Royalty Eligible Superior upline from his/her original Sponsor.
7 Additional Incentives
7.01
All Company incentive programs are intended to promote sound business building principles. This includes the proper sponsoring and selling of product in usable, resalable quantities. Incentive points and prizes are not transferable and will be awarded only to the GBO who qualifies by building the business in accordance with the letter and spirit of the
GV Marketing Plan and Company Policies and the Code of Professional Conduct.
7.02
Recognition pins will be awarded only to the person(s) whose names appear on the Global Victors Business Owner Application Form on file at the Company’s Office and Kyc updated in Website.
7.03
(a) In the event a GBO’s spouse does not attend an Earned Trip, the GBO may bring a guest provided that the guest is 14 years of age or older.
(b) Earned Trips are limited to the following: Recognition Events, International Retreat, The Elite, Crown, Supreme Trips.
(c) The Elite, ,Crown, Supreme trips must be taken within 24 months of qualification.
8.01
(a) A Superior can combine 1st Generation Sponsored Recognized Superiors from all countries for the purpose of being recognized as Senior through Supreme Superior. However, each 1st Generation Superior can only be counted once.
8.02
(a) All recognition pins for Superior level and above are awarded only at a Company-approved recognition meeting.
8.03
(a) Recognized Superior: when a GBO qualifies under the requirements as set forth in 5.01, he/she is recognized as Recognized Superior and receives a gold pin.
8.04 International Vacation
(a) IV (International Vacation is earned by meeting the following requirements during the qualification period of May through April, after qualifying as a Recognized Superior:
1) Be Active every month.
2) Be Royalty Bonus Qualified (even if he/she does not have any Superior lines). Turnover generated during the months he/she is not Royalty Bonus Qualified will NOT count toward this incentive.
3) Accumulate at least 1.5 crore turnover, including at least 20 lakh NEW turnover.
4) Support meetings, trainings and events.
The following requirement can be met during the qualification period of May through April, before or after qualifying as a Recognized Superior:
5) Personally sponsor and develop at least 2 new Manager lines.
(b) In addition to the requirements listed above, Senior Superiors and above must also develop and maintain Qualifier Lines, as outlined in the following schedule. Each Qualifier Line must be in a separate sponsorship line, without regard to how many generations down.This requirement is based on the Superior position qualified for at the beginning of the qualification period.
Senior: 1 IV Qualifier Line.
Diamond: 2 IV Qualifier Lines.
Elite: 3-5 IV Qualifier Lines.
Crown: 4-9 IV Qualifier Lines.
Supreme: 5-14 IV Qualifier Lines.
(e) If an GBO achieves the level of Superior during the qualification period:
1) Any Preferred Customers he/she sponsored during the final month of move-up will count toward the new Supervisor requirement for that qualification period’s.
2) The Qualifying requirements are NOT prorated; rather, he/she needs to accomplish the 1.5 crore Total/20lakh-NEW Turnover and the 2-new Managers during the remainder of the qualification period after achieving Superior Level.
(f) Upon completion of all requirements, the GBO will be awarded an Earned Trip to attend International Vacation.
This will include:
1) Airfare for two and three night’s lodging.
2) An invitation to the exclusive Qualifying Superior’s Training.
3) Access to all events relating to IV.