mi lifestyle marketing plan | mi lifestyle income & business plan

What is the Mi Lifestyle Marketing Plan? What is the Business Plan of the Mi Lifestyle? What is the Income and Business Plan of the Mi Lifestyle?

mi lifestyle marketing plan | mi lifestyle income & business plan

Mi Lifestyle Marketing Plan is a well-offered discussion between all the distributors of the Mi Lifestyle India Private Limited. In this article, we will learn about Mi Lifestyle Global Private Limited.

Table of Content

Mi Lifestyle is spreading its business in India in a Good Place. Many people are also associated with it. Many questions keep coming about Mi Lifestyle Global Marketing, In which What is Mi Lifestyle? What is Mi Lifestyle Marketing Business Plan?

So In this article, We will know the answer to all the questions about Mi Lifestyle. What is Mi Lifestyle Marketing Business Plan? And how do people earn money by joining Mi Lifestyle? Finally, We also try to understand Mi Lifestyle Products.

Mi Lifestyle Marketing Global Private Limited

It is a Product-Based Direct Selling (MLM) company. It was started on 13th August 2013 and its director name is “Mohammed Omar Arshak Jawhar” and “Vitobha Suresh”. Whereas Mi Lifestyle is registered from Chennai, Tamil Nadu.

Overall, the company is not that old. This company is also a member of FDSA (Federation of Direct Selling Association). So, every direct seller who has joined this company makes the proud fulfill on Mi Lifestyle Marketing Global Private Limited.

Mi Lifestyle Marketing Plan

Now we are trying to know about the Mi Lifestyle Marketing Plan of this company, then you have to join it as a direct seller.

After that, you have to buy the product from the company and sell it further. Along with this, you have to create a network of your own. To promote the same network and encourage the purchase of the product.

The more products your network buyers, the more profit you will get. What percentage of the total purchase will this profit be? We will know about this in the Mi Lifestyle Income Plan.

The more products your network will buy from the company, the more profit you will get. Now, this profit will be what percent of the total purchase? We will understand this in My Lifestyle Income Plan.

But let us tell you that the success rate of MLM is only 0.4%. Therefore, you cannot consider it as a scheme to get rich quickly. It takes an average of 3 years to build your network.

Mi Lifestyle Income & Business Plan

Mi Lifestyle company provides you with 9 types of income. This Mi Lifestyle Income Plan is very helpful for you.

Let us understand the Mi Lifestyle Income Plan in detail. But keep in mind, initially, you will not get all the income, there are different conditions for different income, which need to be fulfilled.

In this, 75% BV (Business Volume) is available on the purchase of every product. 

For example, if you bought products worth Rs. 1,000 from the company, then 75% of it you get BV. That means 75% of Rs.1,000 will be 750 BV and 12% of 750 BV will be your income.

The BV of the product you have purchased will not be counted here.

Example: In your downline, you have to buy the company's product for Rs. 10,000 separately on both the left and right sides. So your income will be calculated like this.

10,000*75% = 7,500 BV (75% BV of total purchases)

7,500*12% = Rs.900 (12% of total BV)

When the purchase of ten thousand rupees in your downline is done in left (org1) and right (org2) then your income will be 900 rupees. The more purchases made by your downline, the more income you will get.

Therefore, to get maximum income, you have to create a large network in Mi Lifestyle Marketing Plan, which buys more products and gets them done. You can withdraw every week the income you will get from Mi Lifestyle.

Retail Profit

The name of the first type of income given by Mi Lifestyle Marketing Plan company is Retail Profit.

Mi Lifestyle Marketing Plan gives the product to its direct seller at the Distributor Price (DP). This is 10 to 40% less than the MRP of the DP product, which gives a good retail profit to the direct seller.

Under this income, a Mi Lifestyle Marketing Plan direct seller can earn 10 to 40% profit by buying the company's product on DP and selling it at an MRP Rate.

Sales Profit

Sales Profit is the name of the second type of income given by this company.

But before understanding this income, you need to understand one main aspect of the company, which is known as BV.

The full form of BV is Business Volume. This is a currency unit created by the company, from which the amount earned can be converted into its national currency i.e. Rupee.

In this company, you are provided with 75% BV on every product. For example, if you take a product from the company, whose DP (Distributor Price) is ₹ 300, then 225 BV is provided to you by the company. Which will be further used to calculate the fractional income.

Under this income, 12% is provided by the company on BV matching in the downline.

For example, suppose there is a distributor of a company named Mahesh, whose two legs have Mukti and Ramesh downline respectively. Mukti buys 10,000 BV and Ramesh 15,000 BV this month.

So here there will be a matching of 10,000 BV and 12% of it i.e. 1200 rupees will be given as sales profit.

Out of 15,000 BV of Ramesh, 10,000 BV will get matching income this month, but the remaining 5,000 BV will be used next month.

Performance Bonus

The third type of income that Mi Lifestyle Marketing Plan Company provides you is the Performance Bonus. To get this income, it is mandatory for you to match 1 lakh BV in the company.

By doing this, 1.5% of the company's total purchases are given as a bonus by the company under Performance Bonus, that is, 1.5% of the company's total purchases are divided equally among all the Performance Bonus Achievers.

Rank Income

The name of the fourth type of income given by Mi Lifestyle Marketing Plan Company is Rank Income.

In this income, the company distributes a percentage of its commission to all eligible direct sellers out of its total turnover.

Rank

Qualifying GBV

Income

Star Silver

2.5 Lakh 

GBV in 3 Branches

2%

Star Pearl

7.5 Lakh 

GBV in 3 Branches

3%

Emerald

20 Lakh 

GBV in 4 Branches

3.75%

Gold

80 Lakh 

GBV in 4 Branches

4.5%

Platinum

2 Crore 

GBV in 4 Branches

5%

Diamond

5 Crore

GBV in 4 Branches

5.5%

Royal Diamond

4 Platinum in 4 Branches

6%

Crown Diamond

Diamond in 4 Branches

6.5%

Crown Ambassador

4 Royal Dia. in 4 Branches

7%

Additional Read : Mi Lifestyle Id Check

To get this income, it is mandatory to be at the Star Silver level or above. The levels and the conditions for achieving them are given below, along with the percentage at which level the company distributes the commission from its turnover.

Loyalty Income

A Loyalty Bonus is the name of the fifth type of income given by the company. To get this income, it is necessary to have three legs in the downline.

According to this income, the company provides income on Repurchase Matching done in the downline. That is, if you have repurchase (repurchase) of 100 BV in the first leg and repurchase of 200 BV in the second leg, then 100 BV will be considered as matching here.

From the chart below, you can see how much rupee is rewarded when there are matching repurchases.

Rank

Matching Repurchase GBV

Repurchase GBV from 3rd / 4th Branch

Rewards

DTC

20000

4000

5000

ZTC

40000

8000

7500

STC

80000

16000

10000

RTC

200000

40000

15000

NTC

400000

80000

20000

Repurchase GBV From 3rd Branch ------------------------ Repurchase GBV From 4th Branch

Star Silver

15000

7500

5000

Star Pearl

30000

15000

7500

Emrald

100000

25000

15000

Gold

200000

35000

20000

Suppose the company has a distributor named A, which is at the DTC level. As can be seen above, to get this income it is necessary to have 3 legs, so A's direct downline has P, Q, and R.

P and Q will be placed in Organization 1 and R will be placed in Organization 2, which can also be called groups. This would require 20,000 BV group buyback matching at the DTC level and 4,000 BV repurchase matching from the third leg ie R. Then there will be this income of Rs.5,000.

The third leg requires repurchase matching before the Emerald level, but then both third and fourth leg repurchase matching is required.

Overriding Bonus

Mi lifestyle Marketing Plan company provides you an income called Overriding Bonus as the sixth type of income.

To get this income, you must be at the Star Silver level or above the level in the company.

According to this income, if a downline reaches its own level, then a 10% Overriding Bonus of its rank income is provided by the company.

Keep in mind that this income is given only up to level 3 (Depth) downline.

Royalty Bonus

Royalty Bonus is the name of the seventh type of income given by the company. To get this income, it is necessary to reach the Diamond level. 

As we know that this royalty income gives us when we are doing work like sang a song, write a book, and discovering anything.

The simple concept is that you are working one time and earn the income many numbers of time. So remember all time, earn only royalty income. It helps you in the future.

In the table below, we can see what percentage of royalty bonus is distributed among the total turnover of the company for which level.

Level

Royalty Bonus Percentage

Diamond

0.40%

Royal Diamond

0.20%

Crown Diamond

0.20%

Crown Ammbesdor

0.20%

Awards and Rewards

Mi Lifestyle Marketing Plan company provides you with the eighth type of income, its name is Awards And Rewards Income. To get this income, certain conditions have to be fulfilled at each level.

From the chart given below, you can see, what conditions have to be fulfilled in how much time to get rewards and rewards at different levels.

Ranks

Qualifying GBV

One Time Bonus

Weeks

Star Silver

2.5 Lakh 

GBV in 3 Branches

Rs. 25000 Laptop

10 Weeks

Star Pearl

7.5 Lakh 

GBV in 3 Branches

Rs. 40000 Bike Fund

18 Weeks

Emerald

20 Lakh 

GBV in 4 Branches

Rs. 1 Lakh Car Fund

36 Weeks

Gold

80 Lakh 

GBV in 4 Branches

Rs. 3 Lakh Car Fund

46 Weeks

Platinum

2 Crore 

GBV in 4 Branches

Rs. 5 Lakh Car Fund

58 Weeks

Diamond

5 Crore

GBV in 4 Branches

Rs. 10 Lakh Car Fund

72 Weeks

Royal Diamond

4 Platinum in 4 Branches

Rs. 16 Lakhs Single Studio Fund

100 Weeks

Crown Diamond

Diamond in 4 Branches

Rs. 32 Lakhs Luxury Apartment Fund

132 Weeks

Crown Ambassador

4 Royal Dia. in 4 Branches

Rs. 75 Lakhs Villa Fund

180 Weeks

Mi Lifestyle Marketing Plan company provides you with the eighth type of income, its name is Awards And Rewards Income. To get this income, certain conditions have to be fulfilled at each level.

From the chart given below, you can see, what conditions have to be fulfilled in how much time to get rewards and rewards at different levels.

Nomination Facility

Nomination Facility is the ninth type of income. Under this Nomination Facility, if any incident happens with any distributor of the company. 

Then the business done by him is done to any of his nominees or family members. This process happens in every company, which is not proper to show as an income.

Mi Lifestyle Products

Basic Knowledge of Mi Lifestyle Income Plan is as above. But income plan is of no use to any MLM company, unless the product is economical.

Now we understand the product list of Mi Lifestyle Marketing Plan, its product list includes health care, personal care, agro care (products for agriculture), and grocery products.

If you look at the price, then the price of its product is slightly higher than normal. But, the price of the product is less as compared to MLM companies like Amway and Herbal Life. We can compare its product with other Indian MLM companies Vestige, Rcm Business, and Modicare.

If there is a problem with the product purchased from Mi Lifestyle Marketing Plan, you can return the product to the company within 30 days. You will get a refund after deducting the transaction fee.

Profit and Loss to Join with Mi Lifestyle

If no one buys the product from the direct seller, then they can use the product themselves. Otherwise, you can use the 30 days refund policy (transaction charges will be deducted from the refund).

The product of this company is also correct and the direct seller has freedom on product purchase. In this, the direct seller is also getting the product for his money. Accordingly, joining Mi Lifestyle Marketing Plan is beneficial.

But the decision to join it should be your own. After reading this complete information, you will not have much trouble in making a decision.

You can make the money by using three business methods. These three method is given below:

  • Traditional Business
  • Franchisees
  • Network Marketing

Traditional Markteing: In this business, you have to need to make your own business and system, It has a high amount of risk.

Franchises: It is a type of business in which you buy the automated business and business system. It has little risk.

Network Marketing: Network Marketing is an automated risk. You become a partner by using their products. It has no risk. But it has smart work as well as hard work.

So, guys, this is a network marketing type of business. It has no risk. But you have to need doing smart work with hard work. You can earn money when your download starts to earn money.

Conclusions

So, Guys in this article or content we discussed the Mi Lifestyle Marketing Plan, Mi Lifestyle Business Plan, Mi Lifestyle Income Plan. We try to understand all things in the process of the tables and charts.

I hope you enjoy this article. If you like this article then please share this article with your friends and relatives. If you have any queries related to our article, then please comment below or contact us via the contact us page section.

FAQ Related With Mi Lifestyle Marketing Plan

Q.1. How much does it cost to join Mi Lifestyle?

Due to the Direct Selling Guidelines, now there is no fee to join any MLM company including Mi Lifestyle. But now there is a need to buy the product, from Mi Lifestyle you will have to buy products starting from Rs 5000 to 7500.

Q.2. How to join Mi Lifestyle?

To join Mi Lifestyle as a Direct Seller, you must first go to the official site of Mi Lifestyle and fill in the “Sign Up Form”. To fill this form, you will need the ID and name of a sponsor, and your complete information including bank account to nominee information will also have to be given. Here you must have a PAN card and your age must be 18.

Q.3. What are the requirements to join Mi Lifestyle?

To join Mi Lifestyle, you need to have an Aadhar card. If you are under the age of 18, you can provide parental information. Apart from this, PAN-card and bank account information will have to be given to Mi Lifestyle.

Q.4. Do people have to be added to Mi Lifestyle?

Yes, in Mi Lifestyle you have to add people. But this is not necessary, in this, you can earn only a retail profit, only by further selling Mi Lifestyle products at MRP. But if you want a good income from MLM, then it is necessary to add people.

Q.5. Is Mi Lifestyle Company Legal or Illegal?

No, Mi Lifestyle is a Legal Direct Selling company, which is a product-based and fully legal company. You can't call it fraud.

Q.6. How much money can I earn from Mi Lifestyle?

It completely depends on you, how big and active your team is. Otherwise, it usually takes 3 to 4 years of continuous hard work to be successful in an MLM company, only after that there is a possibility of a good income. Otherwise, most of the people fail in it.