The oily Biz
Introducing the Silver Bound bonus program
Big improvements are on the horizon for your Young Living business. Rising Star and Elite Express are going away, and Silver Bound is here to stay! With our new Silver Bound bonus program, you’ll get a roadmap to structuring your business for sustainable success. Learn what this exciting change to our compensation plan means for you and your business.
Wrap up Your Goals
As of March 31 the Rising Star and Elite Express bonus programs have been discontinued.
If you previously participated in Elite Express, you have until June 30 to redeem any outstanding Elite Express points for high-value products and exclusive swag. Did you know that our U.S. members have more than 4 million Elite Express points currently left unredeemed? Make sure your points don’t go to waste!
Silver Bound is a simpler and more achievable program that gives business builders through Executive rank the opportunity to earn cash bonuses for building their businesses with a sustainable stucture.* It also offers big upgrades in terms of simplicity, total payout, and the number of people who can potentially qualify. Enjoy a one-time cash payout when you meet the time, leg, and Organization Group Volume (OGV) requirements at any of the featured ranks.
HERE’S A MORE DETAILED BREAKDOWN OF THE QUALIFICATIONS AND REQUIREMENTS FOR THE SILVER BOUND BONUS PROGRAM:
Silver Bound Star Bonus:
Prequalifying rank: Distributor
Qualification period: Two calendar months, excluding the month a distributor enrolls in Young Living for the first time
Leg requirement: Two legs at 200 OGV each
OGV requirement: 500 total OGV
Reward: One-time bonus of $50 USD
Silver Bound Senior Star Bonus:
Prequalifying rank: Star
Qualification period: Three calendar months from the month in which a member qualified as a Star for the first time
Leg requirement: Two legs at 500 OGV each
OGV requirement: 2,000 total OGV
Reward: One-time bonus of $250 USD
Silver Bound Executive Bonus:
Prequalifying rank: Senior Star
Qualification period: Three calendar months from the month in which a member qualified as a Senior Star for the first time
Leg requirement: One additional leg at 500 OGV (not including the two legs of 1,000 OGV each required to hit Executive)
OGV requirement: 4,000 total OGV
Reward: One-time bonus of $500 USD
Silver Bound Silver Bonus:
Prequalifying rank: Executive
Qualification period: Four calendar months from the month in which a member qualified as an Executive for the first time
Leg requirement: One additional leg of 1,000 OGV (not including the two legs of 4,000 OGV each required to hit Silver)
OGV requirement: 10,000 total OGV
Reward: One-time bonus of $1,500 USD
Earn money for reaching business milestones!
To earn the cash payout at any of the qualifying ranks, you need to hit three milestones:
1. Reach the rank in the time frame shown. This is measured as the number of calendar months from first-time qualification of your previous rank.** If you’ve been sitting at your highest rank for a while, staring April 1, you will have the full time period to achieve the next rank bonus.
2. Meet the leg requirements. These are above and beyond any leg requirements needed to hit each rank per the standard rank progression.
3. Achieve the OGV requirement. This is the sum of your PV and the PV of everyone in your downline.
The beauty of Silver Bound is that it allows you to grow your business at your own pace. You do not need to consecutively achieve all four rank qualifications to participate.
Example: I achieved the Silver Bound Star bonus but missed the time frame for achieving the Silver Bound Senior Star bonus. I am still eligible to earn the $500 Silver Bound Executive bonus after I hit the rank of Senior Star.
Another benefit of Silver Bound is it’s not just for new business builders. This bonus program is available for all members the first time they achieve a new rank. You are not eligible to earn the Silver Bound bonus for any rank you have previously achieved, even if your current rank is lower than that previous rank.
Example: The highest rank I ever achieved was Executive, but I am currently at Senior Star. If I am an active member on April 1, I will have four months from that date to return back to Executive rank, hit Silver, and meet the other requirements for the $1,500 bonus.
First-time ranking Distributors, Stars, Senior Stars, and Executives are eligible to participate. Remember, if you have previously achieved a higher rank within the bonus, you will only be able to achieve bonuses beginning at your highest achieved level. You will also need to earn that next bonus within the required time period.
Note that if you have been inactive for more than two years, you can start at the beginning of the Silver Bound bonus program and will have the opportunity to earn each bonus.
Still have questions? Click on the buttons below to find helpful resources for you and your teams.
**Rewards will not be backdated for any members who met the milestones for Silver Bound prior to April 1.
**The next rank must be achieved by 12 midnight, MT, on the last day of the qualifying month.