Basic Longrich Terminologies


Every business or trade has terms or jargon used in it. Learn about the frequently used terms in Longrich from this post.
Be kind to share it with your friends too.

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PV - It means Point Value. Note every product has an assigned point valve irrespective of the Price. It could be 1,3,3.2 etc

Back Order - purchase of a product without immediate collection from a stockist

Sponsor - this is Your upline, someone that joined before you Upon registration

Placement - your downline, It could be more than one

Back Office - this is where you check what is happening under your legs and accumulated group PV ,you will have to login with a password

Membership Code - this is Given the day you join LONGRICH, it is unique and will be used by you or a trusted Friend to make purchase directly at company price

Distributor - the day you join LONGRICH, you have become a Distributor, Partner or Shareholder in LONGRICH and are entitled to car incentive, travel incentive, scholarship, house incentive subsequently as you go up the ladder.

Compensation Plan - this is what the company has in stocks for You as a partner for long as you Are following the rules

Recruiting - this means sharing your Business idea with as many People as possible, note everyone is a potential prospect
Please always share generously.

Prospect - people you share your ideas with are prospects

Stockist - someone who sells to distributors

 

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