Passive Income

CREATE YOUR PASSIVE INCOME WITH OUR UNI-LEVEL REFERRAL PROGRAM

PRODUCTS AVAILABLE UNDER THIS PROGRAM:

  • All funeral policies
  • Mema_Mobi Starter
  • Mema_Mobi Standard
  • Mema_Mobi Unlimited

KEY FEATURES

  • MONTHLY subscription products
  • AFFORDABILITY is key!
  • The BREAK-EVEN point is realistic and easy achievable.
  • Our COMPENSATION MODEL is dynamic and rewarding.

UPGRADE TO EARN:

 THE DEFAULT STATUS OF ALL MEMBERS : “CUSTOMER”
Additional Pricing: R 0.00
Earning Level: Level 1
»  Customers are provided with a personal referral (invitation) link.
»  A customer may invite as many people as s/he want, but can only benefit from the break-even incentive.
1.  UPGRADE TO “AFFILIATE” MEMBER:
Additional Pricing: R 30.00
Earning Levels: 1 – 4
»  It allows a member to have TWO team members placed on his/her first income generating level.
»  A member may invite more people, and those people will be placed in the next open spot from income generation levels 2 – 4 (this is called the spill-over rule – see Q and A).
»  Once a member’s net income reaches 200 ZAR on the 4 income generation levels, after his/her product subscription has been deducted, then such member will automatically be upgraded to “Connecta” membership status.
2.  UPGRADE TO “CONNECTA” MEMBER:
Additional Pricing: R 130.00
Earning Levels: 1 – 10
» A “Connecta” member may request to withdraw up to 50% of the already accumulated profits before “pay date”, if funds are required to assist with cash flow or emergency situations.
» A “Connecta” member may introduce more than TWO people on their first income generating level, which potentially leads to a higher team member count and will positively affect their earnings in the long run.

AFFILIATE vs CONNECTA COMPARISON - TABLE

FUNCTIONALITY AND FEATURES TO MONITOR, MANAGE AND GROW YOUR REFERRAL BUSINESS

The “Member’s Portal” has the following built-in features and functionalities to allow members to monitor, manage and grow their business from any device as long as they have internet connectivity.

Features include, but are not limited to:

  • Your own PERSONAL WEB PAGE with a REFERRAL LINK.
  • Send your referral link via WhatsApp, SMS and email to “INVITE” people to your personal web page.
  • Alternatively, you may post your referral link on your social media pages.
  • A SELF-MANAGED member portal to:
  • manage (edit) your profile   (See screenshot below)
  • view your product subscription/s   (See screenshot below)
  • view your current and past transactions    (See screenshot below)
  • view your team performances and statuses    (See screenshot below)

BREAKEVEN INCENTIVE

We choose to reward members when they decide to “refer-a-friend” and achieve ANY of the quests below:

Quests & rewards

»  Quest #1

»  Refer one (1) friend.

REWARD: Get a partial discount, every month.

»  Refer two (2) (or more) friends.

REWARD: Receive a monthly credit note to cover the full outstanding balance of your installment – terms and conditions apply (see below).

»  Quest #2:

»  Quest #2: Ensure you have at least seven (7) members distributed on your qualifying earning levels (not applicable to customers).

REWARD: Receive a monthly credit note to cover the full outstanding balance of your installment – terms and conditions apply (see below).

Terms and Conditions:

1.) Quest #2 is not applicable to members with a “Customer” membership status.

2.) Both referring and referred members must have an active product and membership subscription, and both need to be paid up members with no arrears at the time of calculating the incentive.

3.) The value of the credit note is not commissionable.

4.) There is no limit to the credit amount a member can receive.

5.) Calculation date:

5.1) Credit notes are processed four (4) working days before the forthcoming nominated debit order date of the referring member to benefit from this reward.

6.) Credit notes are only applicable to monthly recurring fees, and will not be applied to any once-off, or annual fees e.g.: intermittent product upgrade, annual membership, or unpaid transaction fees.

COMPENSATION PLAN

``OLD SCHOOL STATIC`` COMPENSATION PLANS:

My business is not static, it evolves continuously, so why not compensate me dynamically

This is so true for everyone. Let’s explain how we compensate you:

  • During the first couple of days, weeks or months you may only have a few members, with most of them on your 1st, 2nd or 3rd levels.
  • As you, however, keep putting in the effort to mentor and “enable” your team members, things start to happen!
  • More and more members will fill up and occupy the lower levels of your business as your team starts putting in the effort themselves.

OUR SOLUTION TO ``STATIC`` COMPENSATION:

MEMA, through its industry-leading DYNAMIC OPTIMIZATION COMPENSATION MODEL, is able to monitor how your business evolves in real time!

Members are GUARANTEED to get the maximum potential income, at all times.

Goodbye static…HELLO, Dynamic!

CALCULATION STEPS:

  • We first COUNT the profits from paid members for each of the 10 levels.
  • Then, we RANK each level from highest to the lowest in terms of the sum of the profits payable on each level.
  • After ranking the levels, we ASSIGN the earn-able percentages to each level (see table below), according to each level’s rank.
  • Finally, we CALCULATE the profits for each level according to the assigned earn-able percentages (see table below).

COMPENSATION TABLE:

INCOME POTENTIAL:

The Uni-Level business program is capable of generating an unlimited amount of profit.

To understand the potential, one has to enter essential data to calculate future earnings, based on random permutations and assumptions.

For your convenience, we have compiled an “Earnings Calculator” for you review the potential of the referral business program (compatible with Microsoft Office)

INCOME POTENTIAL COMPARISON:

The following table illustrate and compare some examples of the income potential of the Uni-Level Business program, and takes in consideration whether members in your team are:

  1. subscribing to the Funeral or MemaMobi product, and
  2. subscribing as Affiliate or Connecta members in your team.

All amounts are “Gross” amounts (amount before subscription deduction), and the currency is ZAR (South African Rand).

Rules of Engagement:

Customer, Affiliate and Connecta members are required to agree to MEMA’s “Terms and Conditions“, “Code of Conduct” and “Income disclosure” during registration.

Q AND A

If you have any question which is not covered on our website or in this Q and A section which is related to our Uni-Level referral program, please send us your suggestion/s which you want us to add.
  • Do I have to pay extra for the "Business Program"?
  • Is there a time limit to pay for and activate my membership, and if so why?
  • Why do I have to pay the first installment myself?
  • How do I make payment?
  • How does the automatic upgrade to "Connecta" member, system work?
  • What happens when an Affiliate member already has two (2) members on his first income generating level, and invites more members?
  • From what day to what day of the month do we calculate earnings?
  • What happens when one of my team members don't pay their subscription fee for their product?
  • When are earnings paid for the above calculation period?
  • Is there a minimum amount I need to earn before I get paid?

Only if you choose to become a “Connecta” Member. (The cost is 100.00 ZAR per month.)

YES”, the time limit is 48 HOURS to make payment and for the funds to reflect in our account.

This shows commitment and intent from the applicant and does not clutter and slow down our database with unnecessary information.

This way you commit to get your product/s activated, and it shows your intent.

We offer a variety of payment methods / options through the familiar and trusted PayFast interface on the Mema Website when you are logged in on your profile.

We process MasterCard and Visa credit cards, Instant EFT (with eight of South Africa’s biggest banks) and Masterpass.

See all the payment methods / options here

An “Affiliate” member (default status) is automatically upgraded to “Connecta” status when such member’s net income exceeds R200.00.

(Net income refers to a member’s income after the total monthly subscription has been covered in full.)

The “spill-over” rule will apply.

This means that when an “Affiliate” member introduces more than TWO members, those members will occupy the next available spot in the network of the “Affiliate” member.

The “Affiliate” member will still earn a commission on their instalments if they are placed anywhere on levels 2 – 10.

The calculation period stretches from the 16th of a month to the 15th of the following month.

A member’s payment status will become “Unpaid”, and after running month-end, the status will turn to “Pending”.

No earnings are calculated for such member with above payment statuses, nor will you receive profits on such member either.

A member with such status will have to log into his/her account and access his/her “My Transaction” page and bring his/her account up to date via our online payment gateway as provided.

The “Pay Date” is on the 2nd working day (excluding Saturdays, Sundays and public holidays) of every calendar month.

Connecta” members may withdraw up to 50% of their accumulated and progressive earnings before the scheduled and official “Pay Date” to assist with cash flow problems and or s/he needs funds for an emergency situation.

  • A maximum of 3 withdrawals are permitted per month.
  • Withdrawals carry a cost of 10.00 ZAR respectively.

Yes, any amount less than 50 ZAR will be carried over to next month.