MyDailyChoice Income Disclosure Statement - Hempworx Income Disclosure Statement
MyDailyChoice Affiliates have the opportunity to purchase MyDailyChoice products at a discount and they have an opportunity to earn income from building, maintaining, and growing a sales organization.
** As an Affiliate, commissions are only paid on product orders only. We do not pay commissions for simply sponsoring or recruiting others. ** Affiliates set their own schedule and choose how and when they want to work. There are no income guarantees, and your success may vary. ** All purchases come with a 60-day money back guarantee and if you are not satisfied, you can refund your purchase by emailing email@example.com. ** Affiliates are not required to keep any inventory or buy special packs during enrollment. The enrollment fee is a one-time $20 Affiliate fee and you may purchase a selection of products with your enrollment. For those no longer interested in being an Affiliate, MyDailyChoice offers to repurchase all inventory, including the one-time $20 Affiliate fee.
The are no guarantees regarding the income from the MyDailyChoice/HempWorx opportunity. The success or failure of each Affiliate, like in any other business, depends upon each Affiliates’ skillset and personal effort. Earning levels for Independent Affiliates are examples and should not be construed as typical or average. Income level achievements are dependent upon the individual Affiliates business skills, personal ambition, time, commitment, activity, and demographic factors.
MyDailyChoice is committed to meeting all legal and compliance requirements in the Direct Selling industry. In order to protect the legal standing of the Company, and protect our Independent Affiliates from making unsubstantiated income claims, we have developed the MyDailyChoice Income Disclosure Statement (“IDS”). The MyDailyChoice IDS is designed to display truthful information regarding the income generated from the MyDailyChoice Compensation Plan.
The income statistics above are for all active U.S. MyDailyChoice Affiliates who were eligible to earn downline commissions during the time period. An “active distributor” is defined as an Affiliate with a minimum of 40 Business Volume either generated from Personal Orders or Retail Customers. Affiliates who were inactive during the time period received no income. Affiliates at the Unranked/Inactive status are not included in the statistics above because Unranked/Inactive Affiliates are not eligible to earn downline commissions. The average annual income for all Affiliates (active and inactive) during the reporting period was 580.08 USD, and the median annual income for all Affiliates in the reporting period was $0 USD. 70.3% of all Affiliates do not continue with MyDailyChoice after their first year. Out of approximately 37,124 Affiliates that signed up as U.S. Affiliates during the time period, approximately 26,123 were still active at the end of the year.
During the time period, 24,941 of all Affiliates received no income at all. Note that these figures do not represent an Affiliate’s profit, as they do not consider expenses incurred by an Affiliate in operation or promotion of his/her business. The figures above refer to gross income (total income before any expenses are deducted). The expenses an Affiliate incurs in the operation of his or her MyDailyChoice business vary widely. Expenses for Affiliates can be several hundred or thousand dollars annually. You should factor in estimated expenses when projecting potential profits. Such operating expenses could include advertising and promotional expenses, product samples, training, travel, telephone and Internet costs, business equipment, and miscellaneous expenses. Based on a survey conducted by the company in 2018, the average annual expenses an Affiliate incurred were 1,608 USD. The earnings of the Affiliates in this chart are not necessarily representative of the income, if any, that a MyDailyChoice Affiliate can or will earn through his or her participation in the MyDailyChoice Compensation Plan. These figures should not be considered as guarantees or projections of your actual earnings or profits. Any representation or guarantee of earnings would be misleading. Success with MyDailyChoice results only from successful sales efforts, which require hard work, diligence, leadership. Your success will depend upon how effectively you exercise these qualities.