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Jun
14
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Let’s take another look at policies and procedures. This one could be a part of your company’s policies and procedures and could cause you some major difficulties. So hang on to those sales receipts.
Here goes, and as usual I have removed the company name and replaced it with [Company] so I wouldn’t hurt any ones feelings.
Retail Sales Receipts
Federal law requires that you provide each customer with a Retail Sales Receipt at the time of sale. [Company] requires that you use authorized Retail Sales Receipts that can be purchased from [Company] for each sale of [Company] products. A sample is included in your Distributor Kit.In addition, you must keep copies of each Retail Sales Receipt you issue for one year after the date of the sale. [Company] may, at any time, request that you provide your Retail Sales Receipts to [Company] in order to verify retail sales for a given pay period. If you fail to provide Retail Sales Receipts to [Company] within 10 days of a request, your Distributorship may be suspended or terminated, at the sole discretion of [Company]. Submission of falsified Retail Sales Receipts will be grounds for termination of your Distributorship.
First paragraph, no big deal but I wonder how much they make selling distributors those sales receipts that they can not get from any other source.
Second paragraph is a big big problem. The requirement to keep those sales receipts comes from the company, not the law. They want to be able to verify a distributor’s retail sales because distributors have agreed to do retail sales in order to receive compensation from the company earned in the compensation plan.
If distributors can not provide these retail sales receipts then company can take actions against the distributor. I forgot to mention that the reason I chose this particular company’s policies is because they have taken action against distributors. The action; termination. The distributors that I know about were all top distributors in the company.
This company just stole the distributors checks.
Could it happen to you? These distributors never expected it just like you probably would not. Hey one of these guys couldn’t comply because his house blew away in a hurricane. It’s funny that the IRS had no problem working with him when they learned all his paper work blew away along with his home, but this company terminated him.
They wanted his check the same as they wanted all the other terminated distributors checks.
It would really be ashame to put all your blood sweat and tears into a company for years and create that nice recurring income only to have the company steal everything from you.
This is not the only company to worry about.
This is not the only policy to worry about.
This is a well known company and there are many other well known companies with questionable policies and procedures.
Ask yourself, why is it in the contract, your policies and procedures, unless they are planning to use it. If you see it in your contract, ask the company to remove it. After all, if they don’t want to have that policy in the arsenal of weapons to terminate distributors then they would gladly get rid of it. Right?
I hope I got your attention. Read your companies policies and procedures and those of any new company that your consider joining. Not all companies have these bad statements in their policies.
There are a lot more of these to cover so come back for more. Better safe than sorry.
Plug into Mentoring For Free for company evaluation training. Just a part of the free a to z success training available to you.
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