Review of BB v2.9 with Raj - Webinar notes
Raj speaking
Good morning. When we were in Manchester, we went over the new v2.9, we recorded it, but the recording is not ready. Some leaders were spreading the news, but there were misconceptions, so I am repeating it:
I am the CEO for Stellar Point International. I also serve as a senior advisor for BB CEO Chris Smith. My role is to ensure that BB is in compliance.
(wait) This webinar is being recorded, so I am not typing Raj's presentation word-for-word today
(But I will summarize)
History of BB
Everything we do must be good for BB, good for the longevity. Must be good for compliance:
* Marketing guideline of terminology
* Complliance Department (June 2011)
now headed by David Hooker
* Began Training of affiliates (July 2011)
* Created a new website (Jan. 2012)
* Stopped allowing multiple accts. (Jan.2012 - BB2)
* Created IC program to ensure our growth.
* Stellar Point contracted (April 2012)
* KYC - "know your customer" protocol (July 2012)
* Brand ambassador - Lorenzo Guarini (Oct. 2012)
* Support improved
* BB 2.9 - (Feb 2013)
Challenges - Yes we have had challenges. Is this unique to us? No. Microsoft, each version has upgrades multiple times. You cannot have a problem free program. Even new games released have firmware upgrades constantly after launch.
We have an entire team of programmers working on these upgrades constantly.
Banners Broker - Why Change?
Most of us do not like change. I am the same way. But from a compliance point of view and the longevity of BB, change has been necessary.
I helped write the original terms and conditions. I am helping him write the new terms of conditions which will be released over the weekeend.
#1 terms & conditions - this is a living document.. you accepted that there will be change as needed.
1. Exec. membership (covered in back office)
2. New Package and Panel - Prestige.
3. New types of traffic hits
(described allocation)
(Organic Traffic)
Choice network is being revamped. We brought on a new broker and their network. Currently the network is down but will be back in business next week.
Incentive traffic - we have alot of customers in our network and you will be writing articles for blogs on their websites to earn traffic.
4. Traffic Banks
(showed how to qualify panels in the new system)
5. Qualification
(showed this on screen)
COMPLIANCE AND LONGEVITY are the 2 most important things to BB. They work hand in hand and dictate changes:
You cannot promote BB as 100% passive program. Our affiliates have been advertising BB as an purchase. We have had to answer questions from many agencies throughout the world. We are proactively monitoring affiliates to be sure you are promoting BB properly, to ensure longevity.
ZERO tolerence for non-compliance. Your account will be locked.. You have a chance to correct it, if you do not, you will be banned from BB.
New Policy effective March 1st. Account Coordinator service can only be used for 6 months. Longer than this would look like an purchase advisor. You have time to get familiar with the program.
New members can use the AC service for 6 months. during that time we will be holding training seminars and webinars so that you have an opportunity to learn the program.
Existing customers - Account Coordinator service will continue until August 1st. At that time it will end with no cancellation fee. Let me make it clear. If you are using this service today, you are committed to this service until August 1st.
(*) If you choose to cancel before August 1st - regular cancellation fees will apply.
This gives all members time to learn how to build their business. David and Grant are putting together some amazing training materials.
(*) Minimum Floor Enforced - Withdrawals. Many people have withdrawn to ZERO. Leaving not enough money for monthly committments. Now you must have your monthly committment in your account as a "floor" as a "float". You may withdraw over and above that figure.
BB has $32 million negative accounts. If you do not have a minimum floor, you cannot withdraw or do transfers of panels or packages.
Example: Prem. $100, TP's $500, total $600. If you have $1000 in eWallet, then you can withdraw $400. $600 must remain in your account.
Traffic packs - April 1st 2013
Allowance or Ratio
You cannot use strictly Traffic Packs. This makes BB an passive program.
1/3rd ratio
Our of every 3 panels, 1 must be qualified by other types of traffic.
April 1st... example 100 panels
1st 10 colors have no restrictions.
Next 60 I can qualify using TP's, remainging 30 must be qualified with sales credits, organic traffic or incentive traffic.
Grandfather clause - all existing panels are NOT affected.
THERE WILL BE A SOLUTION FOR TRAFFIC PACK COMMITMENTS - you will be allowed to reduce your Traffic Pack commitment - we will announce this as april 1st gets closer.
INCENTIVE TRAFFIC - no referring needed. but it is not passive.
Write blogs
example - write 36 blogs, you would earn enough to qualify a blue panel.
This is not alot of writing. Is it worth spending one hour or a few hours a day to earn traffic? Yes.
You can qualify your panels via incentive traffic. It is not a requirement to recruit.
IT IS NOT A REQUIREMENT TO RECRUIT!!
You can earn traffic in several diferent ways. Incentive traffic is one of them.
Your success is directly related to the effort you put into this.
Please do not promote BB as passive.
April 1st - ACTIVE CAMPAIGNS are now required. For complimentary panels and regular panels you must have one active campaign.
We are not an purchase or a passive program.
PANEL SETTINGS:
1 out of every 10 panels per color must be set to 100%. Our new brokers are requiring more impressions being purchased, this will enable this to happen. Setting to 100% you will get twice the product and twice the impressions. We appreciate your help in this matter.
COMPLIANCE and LONGEVITY will dictate the following:
Is it good for BB
Is it good for the affiliates
Is it good for the longevity of BB
Annual withdrawal limit: $500,000
per calendar year.
1st $500,000 no restriction
2nd $500,000 - 50% sales qualifier triggered.
(*) Official info sessions will only be done by BB Officials.
This does not mean that affiliates cannot do presentations or info sessions. It means you must state that your session is not an official BB session. But you must use the BB presentation.
As we travel the world, we will be doing official BB information session. IC's will be doing private information sessions, and the audience must understand that the session is not sanctioned by BB. We want the same sessions and information communicated throughout the world.
There are no official BB offices anywhere other than Isle of Man and India. The IC offices and other offices all over the world are not BB offices. These are companies that have been given the contract to provide support or training.
(please watch the recording for details of this)
Longevity of BB is the #1 priority. We want BB around for many, many years.
2nd Annual World Convention will be held July 19-21 - Ontario, Canada - Scotiabank Convention Center.
Niagara Falls. Tickets go on sale next week!
We will be giving away a Mercedes Benz. New Panel - Mercedes Panel. Each purchase will give you one entry in the drawing. You must be present at the convention to win!!
These are very brief notes of Raj's presentation - please watch the recorded webinar for details and to hear Raj directly go over the presentation of all the new 2.9 changes!! Please watch the video to understand the changes in BB and why they were made to ensure the longevity of BB!
BB is solid, is growing, and will be here for years to come!
This webinar is being recorded.
(end of webinar)
