Phase 2 - The Residual Swipe
THIS PROGRAM IS CLOSED!
Phase 2 is about commissions on the spending that cardholders do using their cards. Everyone is expecting Phase 2. Here is what FreeCardMatrix has to say about it:
Everyone knows the true "Powerhouse" of FCM is Phase 2 - The Residual Swipe.
Without further delay, here is what all indications from the bank (s) tell us it will look like.
Level 1 (Personally Referred) - 0.10%
Level 2 through Level 4 - 0.07%
Level 5 - 0.09%
Level 6 through Level 10 - 0.07%
0.75% will flow through your 10 level organization per card transaction (purchase).
The percentages (%) above are based off each individual purchase with an FCM card in your organizational down-line through 10 levels.
We anticipate a release of 0.75% (or 75 basis points) of each individual transaction on a card per month.
Below is an “example” of the residual monthly earning potential.
Level 1 - 100 people - each spent $1,000 - $100.00
Level 2 - 500 people - each spent $1,000 - $350.00
Level 3 - 1,000 people - each spent $1,000 - $700.00
Level 4 - 4,000 people - each spent $1,000 - $2,800.00
Level 5 - 6,500 people - each spent $1,000 - $5,850.00
Level 6 - 10,000 people - each spent $1,000 - $7,000.00
Level 7 - 13,500 people - each spent $1,000 - $9,450.00
Level 8 - 20,000 people - each spent $1,000 - $14,000.00
Level 9 - 30,000 people - each spent $1,000 - $21,000.00
Level 10 - 45,000 people - each spent $1,000 - $31,500.00
* Monthly Residual Earning from above example: $92,750.00
Getting 10% of the people (or spending) in the above scenario - that would be $9,275.00 in residual income per month…. Still not bad!
Does that get you excited?! If not, check your pulse, you may not have one!
So, what are you waiting for...get out there and recruit cardholders. We need 165 cardholders a day (on average) to make this happen by April 2008, and then the bank (s) will gladly turn on the "switch".
Please note: 150,000 verified cardholders are required to turn on the residual swipe plan. As of our first full year in business (April 2005 to April 2006), we are averaging 80 new cardholders a day.
In addition, there is no way to determine how much each individual cardholder will spend on their card on a monthly basis. We use $1,000 for the example scenario above.
* Individual results will vary.
Sign Up at FreeCardMatrix Today
Everyone knows the true "Powerhouse" of FCM is Phase 2 - The Residual Swipe.
Without further delay, here is what all indications from the bank (s) tell us it will look like.
Level 1 (Personally Referred) - 0.10%
Level 2 through Level 4 - 0.07%
Level 5 - 0.09%
Level 6 through Level 10 - 0.07%
0.75% will flow through your 10 level organization per card transaction (purchase).
The percentages (%) above are based off each individual purchase with an FCM card in your organizational down-line through 10 levels.
We anticipate a release of 0.75% (or 75 basis points) of each individual transaction on a card per month.
Below is an “example” of the residual monthly earning potential.
Level 1 - 100 people - each spent $1,000 - $100.00
Level 2 - 500 people - each spent $1,000 - $350.00
Level 3 - 1,000 people - each spent $1,000 - $700.00
Level 4 - 4,000 people - each spent $1,000 - $2,800.00
Level 5 - 6,500 people - each spent $1,000 - $5,850.00
Level 6 - 10,000 people - each spent $1,000 - $7,000.00
Level 7 - 13,500 people - each spent $1,000 - $9,450.00
Level 8 - 20,000 people - each spent $1,000 - $14,000.00
Level 9 - 30,000 people - each spent $1,000 - $21,000.00
Level 10 - 45,000 people - each spent $1,000 - $31,500.00
* Monthly Residual Earning from above example: $92,750.00
Getting 10% of the people (or spending) in the above scenario - that would be $9,275.00 in residual income per month…. Still not bad!
Does that get you excited?! If not, check your pulse, you may not have one!
So, what are you waiting for...get out there and recruit cardholders. We need 165 cardholders a day (on average) to make this happen by April 2008, and then the bank (s) will gladly turn on the "switch".
Please note: 150,000 verified cardholders are required to turn on the residual swipe plan. As of our first full year in business (April 2005 to April 2006), we are averaging 80 new cardholders a day.
In addition, there is no way to determine how much each individual cardholder will spend on their card on a monthly basis. We use $1,000 for the example scenario above.
* Individual results will vary.
Sign Up at FreeCardMatrix Today
