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(Notes prepared by Linda Lane and transmitted to Paul McCarthy for review)
(*) BB Leadership Call - May 16, 2013
Chris Smith Speaking:
Thanks for being here. I wanted to go over some of the updates.
Payouts
Did an STP a couple of nights ago. Doing them in date order. Just so you are not confused. Last time I mentioned March 14th, but if any account was in the negative or ID was not uploaded it would not be paid - if you miss a pay run it catches it on the next run. We clean up the older ones first then get into the more recent dates.
We will do anohter STP in hopefully under 10 days from now. Our wire should hit by Tuesday and we are hoping to do payout end of week.
Payza - we are doing a smaller one this weekend and a larger one next time the wire hits about 10 days from now. Payza there were partials last time, so we will go in and do a combination of date order and completing partials.
I have rec'd positive feedback about the payouts lately.
Questions:
India - new bank withdrawal for India affiliates. We are looking to get that finished this month with new payout to go out next month. India is looking up to date for withdrawals getting caught up.
New Payout Processor - we have selected a provider. The timing is out of our control in terms of development for the integration of our system. It's taking much longer than we anticipated, but we have to be patient. It will be a great solution moving forward. The previous M/C integration took 10 months before 1st card was shipped out. I don't believe this time it will take that long. But not a quick process.
Updates:
May 15th 3:00 PM EST we went live with the new Traffic Pack System where you are able to cancel 2 TP's. Now you see 2 buttons -
"No Penalty Cancellation" or
"Cancel ALL Subscriptions". Please read all the information on the page about "No Penalty Traffic Pack Cancellation". Even if you have only 2 TP's, you must use the "No Penalty Cancellation" button. If you have just 2 and you use Cancel All you will be penalized. Please read carefully all info.
Chris went over the Questions/answers about the new TP's. Important to remember - Account Subscription Membership Types CANNOT be downgraded due to cancelling TP's. You will remain Premium or Executive.
This went into effect at 3:00 PM, so all TPs before that were 50,000 bonus, all TP's after that were the new bonuses.
Why this change? We as a company need to shy away from anything that makes our company seem to be a passive income program. Passive income can be deemed as an purchase by authorities so we are moving awasy from anything that can be deemed passive. There are other methods now to increase your traffic.
Q/A:
Does cancelling the 2 TP's kick you out of the grandfather clause? No, because you are reducing, not increasing.
Update on investigation by Ontario Securities Commission - No news, so no news is good news.
Independent Audit? Yes, we are still doing that. The company we hired to do that is an American company. This should begin soon.
Fast Start Program? Fast Start program has been a new sucess. We hAve tripled the amount of new packages. We believe there will be favorable percentage of those that will actually pay for those within 30 days. Please remember, in the past in a free account you would pay first then buy package. With the Fast Start program, you just choose to go through the Fast Start Program, but this is not the only choice. You can still fund your account first as in the past, then use your eWallet to purchase new package. Fast Start will automatically give you an IOU. There is a $10 convenience fee. We feel this is fair. So if you have the money, load your account and use eWallet - if not, then use the Fast Start Program.
Fast Start is up to the black package, but you can still upgrade at any time.
Executive membership bb profile? This is a pretty good splash page that you can use. We will be bringing on additional splash pages shortly.
New Processor ID's? Will you have to upload all new info or can we use what we've uploaded before? You may have to upload ID's again, depending on the end result of the integration, so it could be either/or.
Please tune in for tomorrow's open call to the membership. If you (the leaders) have any additional questions for tomorrow's call please send them in to Paul and I will try to answer them quickly.
Thank you guys, take care.
(Notes prepared by Linda Lane and transmitted to Paul McCarthy for review)