Calculating commission in the Financial Matters Affiliate group.

Calculate your commission

Calculate your commission

 

Your commission in the Financial Matters Affiliate group is sweet and simple. It is calculated as follows

Customers payments 1 st Year

Bwana Pesa subscription 30%

Financial Matters Academy subscription 30%

Specific Financial Matters Academy products 30%

Financial Matters Loan Sacco joining fee 30%

Customers payments 2 nd Year to perpetuity

Bwana Pesa subscription 20%

Financial Matters Academy subscription 20%

Specific Financial Matters Academy products 20%

Financial Matters Loan Sacco joining fee 20%

Products are priced as follows

Bwana Pesa subscription USD16 per month.

Financial Matters Academy subscription USD6 per month.

Specific Financial Matters Academy products starting USD20 one time. This price varies depending on the course and it is not fixed, it depends on the tutor’s costs.

Financial Matters Loan Sacco joining fee USD10 one time.

Example 1

John refers a customer who subscribes for Bwana Pesa, Financial Matters Academy and joins Financial Matters Loan Sacco.

  1. Calculate the commission earned in month one.
  2. Calculate the commission earned in the whole year.

Answer

  1. The one-month year commission will be
  • Bwana Pesa,                                 = 16  X 30%  =  4.8
  • Financial Matters Academy        = 6  X 30%    =   1.8
  • Financial Matters Loan Sacco. = 10  X 30%  =   3.0

Total in                                                          USD  =   9.6

2. The year one commission will be

  • Bwana Pesa,                                  = 16  X 30% x 12   =     57.6
  • Financial Matters Academy        = 6  X 30% x 12     =     21.6
  • Financial Matters Loan Sacco. = 10  X 30% x 1     =      3.0

Total in                                                          USD           =    82.20

 

Example 2

In the second year, John refers a new customer who subscribes for Bwana Pesa, Financial Matters Academy and joins Financial Matters Loan Sacco. The year one customer continues to subscribe to the products.

  1. Calculate the commission earned in month one.
  2. Calculate the commission earned in the whole year.

Answer

The one-month year2 commission will be

  1. Bwana Pesa, yr 2 customer                                = 16  X 30%  =  4.8
  2. Bwana Pesa, yr 1 customer                                  = 16  X 20%  =   3.2
  3. Financial Matters Academy, yr 2 customer       = 6  X 30%    =   1.8
  4. Financial Matters Academy, yr 1 customer      = 6  X 20%    =   1.2
  5. Financial Matters Loan Sacco, yr 2 customer = 10  X 30%  =   3.0

Total in                                                                                   USD  = 14.0

 The one year, yr2 commission will be

  1. Bwana Pesa, yr 2 customer                                 = 16  X 30% x 12  =  57.60
  2. Bwana Pesa, yr 1 customer                                   = 16  X 20% x 12   =  38.4
  3. Financial Matters Academy, yr 2 customer       = 6  X 30%  x 12    =   21.6
  4. Financial Matters Academy, yr 1 customer      = 6  X 20%   x 12   =   14.4
  5. Financial Matters Loan Sacco, yr 2 customer = 10  X 30%  x 1    =     3.0

Total in                                                                                            USD  =   135.0

Notes

  1. In year 2, the Commission on Loan Sacco for the year 1 customer is missing because it is a one-off payment.
  2. This is an example using one customer, extrapolate for the number of customers that you believe you will be able to achieve to estimate your earnings. For example, if you refer an average of 24 customers each year, meaning 2 customers a month, your income will be approximately USD 1972.8 in year 1 and USD3240 in year 2. With more learning and consistent effort, unprecedented income is possible.
  3. Remember, these commissions are calculated before tax and will be subject to taxation as per the law of the land.