Where does the source of income come from to pay the commission to its members?
1. Worldventures collect commissions through the booking engine Rovia Just like Expedia/ Agoda/ Travelocity/ Priceline etc, the Rovia engine gets paid commissions from the suppliers such as Airlines, Hotels, Cruises, Car rentals for bookings made.However, being a Worldventures member, we get to earn part of these commissions made through our Rovia booking site ; paid to us in the form of Rovia Bucks, which we can then use for future bookings on our site (1 Rovia Buck = 1 US$). As representatives of Worldventures, we are given 1 Rovia buck for every air ticket purchased. This is so, as margins for air flights are very low. (In ST, one of the local travel agents commented that the reason they charge a service fee for air ticket bookings made with credit card is because margin could be only $10 or less per ticket sold).Worldventures do follow the market rate for hotels, cruises, car rentals, travel insurance depending on the deal payout by the suppliers, it could range from 7%-10% of the billed amount ; of which, Rovia passes on 50% of what they earn to us in the form of Rovia Bucks. (when we book using Rovia Bucks, it goes back to the company – that’s revenue too)
2. Worldventures revenue also comes from membership fees $360.91 joining feeMonthly feesIn short, Worldventures is a travel club with monthly membership that gives the members access to discounted vacations (known as Dreamtrips). This product is best described as taking the bulk buying concept of Costco or Sam’s Club and applying it to travel. Worldwide in 22 countries, the Worldventures memberships currently stand at more than 300,000 and the numbers are growing every single day. Just like Costco or Sam’s Club, Worldventures will become a household name with millions of members all over the world. Thus, in summary, Worldventures earns from the bookings made through the Rovia booking engine (travel site) and the Worldventures memberships. And from the above sources of income, Worldventures is able to pay the representatives as per ement which shows that just under 30% of Representatives make any money -- is it still a good opportunity?
WorldVentures offers the opportunity for people to plug into a program where they receive training on leveraging their time and efforts to generate an income stream. But, like any business, there are no guarantees--you get out of it what you put into it.It would be irresponsible to claim that someone could be successful with WorldVentures simply by enrolling as a Representative. No one can make such a claim about any business opportunity. WorldVentures makes no such claim. The company endeavors, through the Income Disclosure Statement and compliance-related training, to train all Representatives to present a balanced, accurate portrayal of the WorldVentures opportunity. The data is provided on the WorldVentures’ Income Disclosure Statement to help people fully understand the opportunity being offered.At the core of the company’s foundation is the commitment to provide an honest and fair opportunity. WorldVentures acknowledges the program is not right for everyone, so anyone who is considering the opportunity should have the data needed to get an accurate picture of what the WorldVentures program offers.
Is WorldVentures a card mil?
ASTA (American Society of Travel Agents), the foremost expert on "card mills" has published a white paper entitled "Travel Industry Card Mills: What Consumers and Consumer Protection Agencies Should Know about Travel Industry Card Mills." ASTA defines card mills as businesses that sell deceptive identification cards and packages that falsely identify the purchaser as a "travel agent" and offer these purchasers the chance to pass themselves off as sellers of travel services and thereby obtain discounts, upgrades, and courtesies.WorldVentures is a marketing company. All products are provided by and supported by Rovia, WorldVentures’ exclusive travel partner. Neither company issues identification cards nor credentials of any kind. Moreover, WorldVentures does not promote that a Leisure Travel Consultant (LTC) will or could receive travel industry discounts or benefits of any nature. The company does not make any claims that prospects can “travel like a travel agent” or in any way qualify for rates that they have not specifically earned. Thus, WorldVentures should never be confused with a card mill. In fact, the name "Leisure Travel Consultant" was chosen to help further delineate WorldVentures’ Representatives from traditional travel agents and to avoid any misunderstanding by travel vendors or the public at large.Rovia is an Airline Reporting Corporation/International Airlines Travel Agent Network (ARC/IATAN) travel agency that provides the technology and operational support for WorldVentures’ LTCs. Training is also provided to help LTCs market and sell travel in order to earn travel commissions. Commissions are based on the level of accreditation an LTC has achieved.Rovia has a robust training program that allows a novice to move through different levels of achievement and accreditation to attain privileges and skill sets comparable to members of the traditional travel community. This includes completing Cruise Line Industry Association (CLIA) accreditation as well as travel training and testing developed by Education Systems, a travel industry-recognized educational development company, leading all the way through full Global Distribution System (GDS) proficiency. Further, the education program provided by Education Systems is the same content used in post-secondary travel schools, travel textbooks, and travel training software utilized by many travel industry associations.
http://www.youtube.com/watch?v=aSuAJCbB7Hw&feature=youtu.be (youtube video – James Lee IMD explains how the WV Comp Plan works)
http://www.youtube.com/watch?v=xMhO7Wyx3ts&feature=youtu.be (youtube video - IMD James Lee explains how the Worldventures Lineage Chart works
Ahiezer Soto
P.S: if you have ever been interested in traveling the world with like minded business owners and making money while doing it then i challenge you to partner up with a TOP LEADER in the company.
http://sotoaventures.worldventures.biz/home/locale/?url=%2F
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