FAQs for Interested IBOs
What is an Independent Business Owner (IBO)?
As an IBO, you own your own business while having access to Videri’s shared infrastructure. You have the freedom and flexibility to build your own business on your own terms. As long as you build your business ethically and legally, you will have the ready support of the tools and resources available to you through the Videri website.
Why should I join Videri?
We would love for you to join us in our mission of bringing hope to a world in need! By joining Videri, you are becoming part of an incredible team. Videri is a network marketing business with an unique commission structure; a high-demand, high-quality product; and a worthwhile mission.
Not only will you be setting yourself up for financial success, you will also be playing an integral role in providing superior products at realistic prices to the people you know and care about.
Furthermore, you will be bringing hope to orphans globally with 100% of net profits given to global orphan care.
What do I get as an IBO?
As a Videri IBO, you gain access to world-class business infrastructure. Additionally, you will gain access to extensive training, tools, resources, and incentives through our optional GROW IBO Development Program. Our team at Videri is here to help you succeed as an IBO.
How do I sell beef as an IBO?
Most IBOs sell beef by following these 5 simple steps:
- Get familiar with the tools and training available to you as a Videri IBO
- Identify your social network - friends, family, acquaintances
- Enthusiastically share your new business with them – call, chat over coffee, email, post, direct message, tweet, text – anyway you like! And it’s easy to receive credit for your efforts. When sharing about Videri, just be sure to share your unique IBO Business Code so any purchases or registrations are credited to your account.
- Follow up personally with each person the best you can. Being an IBO is about relationships. You’ll want to help others in your IBO Network succeed.
- Repeat this process as your social network expands. As you meet new people, tell them about Hope All Natural Beef and the Videri IBO opportunity. Then watch as your business continues to grow.
How is Videri different than other network marketing businesses?
Other network marketing businesses often pressure their members to meet minimum sales requirements or sign up a certain number of other members. At Videri, we never pressure you; we only help you grow your business at your own pace. Additionally, we believe our product, commission structure, commitment to the IBO, and mission make Videri unique:
Unlike other network marketing businesses that offer high-priced products, we are committed to offering only high quality products at affordable prices. Furthermore, we are offering a product people already want; there is no need to convince anyone to purchase high quality beef.
Our Commission structure
Unlike other network marketing companies that funnel the greatest percentage of profits to the members who have been involved the longest, our commission structure allows every IBO equal profitability opportunity. Whether you have been with the company one day or one year, your potential for profitability is the same.
Our Commitment To Our IBOs
We are IBO centered vs. shareholder centered. No payout to shareholders means more profit for our IBOs. Even our CEO receives no salary. Rather, our CEO earns commission the same as all other IBOs. Furthermore, there are no hidden costs or surprises. All resources and tools we offer are free for use by our IBOs.
Other network marketing companies are often about shareholder profit generation, but we are committed to using our profits for good. At Videri, we pledge 100% of net profits to global orphan care. Furthermore, so you can feel confident in where the money goes, we are committed to integrity and transparency in all we do.
Aren’t multilevel marketing companies risky?
Yes, multi level marketing companies (MLMs) are risky and even illegal if no product is being sold. Some network marketing companies grossly overprice their product or offer an obscure product that is not largely consumable. This makes it difficult to move product and essentially the company relies on income from new members to build an unsustainable structure.
MLMs are not risky when: 1) offering a product below market value, in high demand, and renewable; 2) the culture is based on honesty and transparency; 3) the opportunity is viable as a source of primary income; and 4) they follow a business model built for the 21st century. Videri fits all four of these criteria!
There are no scams, hidden fees, or minimum sales requirements imposed upon our IBOs. We have intentionally structured Videri to eliminate as many risks as possible for you as an IBO because we want to see you succeed!
WHAT ARE THE RISKS TO BECOMING AN IBO?
There is the $500 IBO Annual Registration fee to own your own business and gain access to the resources of the Videri infrastructure. This is a very minor financial investment for owning your own business. It is possible you would not recoup your $500 investment in sales; however, we strongly believe any IBO can easily recoup their initial investment and earn serious profits with hard work and a good attitude.
How is the Videri commission structure unique?
The Videri commission structure is front-loaded and every IBO has equal profitability opportunity. The selling IBO receives 40% of commissionable monies generated from their sale. Additionally, it is possible for a new IBO to earn more than an IBO that has been involved for years if they perform well.
What percent of sales goes to the IBOs?
Twenty-five percent of gross sales is commissionable to IBOs. Of those commissionable monies, 40% goes directly to the IBO making the sale. That equates to 10% of gross sales directly earned by the selling IBO.
How are Videri products unique?
Videri products are unique because we offer a high demand, high quality product at a comparable price to lower quality off-the-shelf-products.
What is required of an IBO?
There is no pressure to sign up new IBOs or make product sales. However, there is great reward for those who do work hard and grow their business through both of these avenues. We are here to help you succeed. See IBO Overview for additional information.
You will never be required to:
- Make cold calls or do door-to-door sales
- Meet minimum sales requirements
- Register new IBOs or purchase product yourself
- Handle cash or product
- Manage shipment of product
Why is there an annual fee of $500 to become an IBO? What is the fee used for?
This $500 goes toward supporting the shared infrastructure you have access to as a Videri IBO. Essentially, this is the cost of owning your own business.
The shared infrastructure includes the Videri website, product procurement systems, shipping, processing, storage, etc. Additionally, you have shared professional services like legal, accounting, marketing, technology, etc.
By capitalizing on this shared infrastructure, it allows us to keep the product cost low by eliminating the need for investors. As a cherry on top, any extra profits generated go directly to global orphan care. So not only are you investing in your financial future, you are also contributing to an incredible cause.
What other business opportunity can you think of that you can own for only $500?
What if I can’t afford the annual IBO fee?
We believe so strongly in what Videri has to offer that if you genuinely cannot afford the annual registration fee, we will find a way to help you overcome this initial hurdle. Contact us to discuss the possibilities: email@example.com
Am I required to buy, supply and ship product?
Absolutely not! You will never be required to personally buy any product. Nor will you ever have to handle any money or product during sale or distribution. All of these services are accomplished directly through the Videri website.
Are IBOs required to do training?
Yes. You will be required to complete the initial training before you will be eligible to receive commission payments. This is easily accomplished upon registration by completing the online training modules available through the Videri website.
After completing initial training, you will have access to ongoing training programs, development seminars, webinars, and other resources for free through our GROW IBO Development Program. All of the additionally trainings and resources are optional but highly recommended to help grow your business.
WHAT IS EXPECTED OF ME AS AN IBO?
There are no minimum sales or IBO registration requirements. However, the more you build your team and personal sales, the greater your financial rewards.
Am I required to host parties?
No, but if you feel that is a fun and engaging way of promoting your business then go for it!
How does Videri invest in their IBOs? What training is provided?
At Videri we offer extensive training and support immediately accessible through GROW which is Videri’s IBO Development Program available on the IBO Dashboard. GROW is designed to educate, motivate, and equip the whole person relationally, physically, spiritually, professionally, educationally, and financially. GROW includes habits and patterns proven to produce success in all areas of life including daily, weekly, monthly and quarterly development opportunities. GROW is a voluntary program but highly encouraged.
Does Videri have an incentives program for IBOs?
Yes. See Incentives
What resources does Videri provide to IBOs?
Your primary resource is the shared infrastructure of the Videri business – product supply chain, shipping, website, legal, accounting, etc.
Your IBO Dashboard is also a resource that allows you to track your IBO Network’s growth as well as access the GROW IBO Development Program. GROW is a resource with lots of tools and training to help you successfully launch and continually grow your business.
How does the Videri Beef Charity program work?
Caring for the world’s orphans is our passion and our mission. 100% of Videri’s net profits are given toward global orphan care. These funds are transparently distributed through our non-profit 501(c)(3) Orphan Care Board.
How do I register to become an IBO?
Simply complete the online registration, pay your first annual registration fee, and begin your online training. That’s it!