The Power of Commission Payment Choice - Fragmob Technology Conference

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    12-Jan-2017

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Build distributor loyalty with Hyperwallets award-winning, choice-driven commission payments solutions.

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For more than 15 years, Hyperwallet has worked with direct selling companies to build a better commission distribution process. Over that time, weve had the pleasure of watching and participating in this industrys growthand, through our experiences, weve developed a comprehensive understanding of direct selling organizations everyday concerns.

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Source: McKinsey Global Institute: A Labor Market That Works: Connecting Talent With Opportunity In The Digital Age June 2015

Workers are Changing TooIn five years over 40 percent of the American workforce will have uncertain work; in a decade, most of us.

Increasingly, businesses need only a relatively small pool of "talent" anchored in the enterprise

Everyone else is becoming fungible, sought only for their reliability and low cost.3

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A simple way to explain our strategyIn a world where

Talent is increasingly independent Businesses are increasingly global Mobility connects us all

But

Regulated, legacy bank infrastructure has yet to streamline global solutions to pay a global workforce

Hyperwallet is the first global, mobile, virtual card and bank network

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How can we overcome the new challenges of the digital era?

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Checks, PayPalConfusing Comp PlansLack of transparencyIndustry ReputationNot IT savvyIn-house everythingOld Messaging

Payment choiceRecruitment toolsBrand promiseUnderstands 1099 workerEngage social mediaTransparencyMobile first

New WayOld Way

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#1. Do You Have a Social Media Recruitment Strategy?

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#2. Have you upgraded your back office software?

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Key MeasuresCompany News QualificationsNext StepsIncome SmoothingCommissionsNew MembersDeductionsBusiness AccountBalance: $2300.00

APIs keep your distributors on your site, but let your business procure and integrate services from third parties.Home MyBusiness My Communications MyTraining

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#3. Are you using Digital Training Methods?

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Traditional Training Methods: 8 DaysSocial eLearning: 3 DaysAlways on Learning with MobileReal-time mentoring and supportDirect author-reader engagementInteractive ValidationPersonalized learning pathsValue DriversTime Savings: Fast time to achieveLower Risk: Full audit of learners certificationsLower Cost: Reduced cost of production, delivery and verificationAll-digital delivery: Eliminates travel, printed materialTime to Market: Faster launch of new productsScalable5 Day Cycle Time Gain

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#4. Have you Digitized Your Marketing Efforts?

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Digitization of Marketing

19942004201120152020Facebook launched in 2004, First Tweet in 2005First Ever Banner Display AdStart of Brand promotions on Facebook.Targeted, Measurable, Interactive Marketing using digital technologiesContent Exchange with Federated Data

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#5. Do You Have a Modern Commission Distribution Process?

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offer CHOICEPut distributors in control of their earnings.Give your distributors the power to collect their earnings in a manner thats most convenient to them.

Cash Via Agent

Check Delivery

Paymentto existing Debit or Credit Card

Global BankAccount Deposit

Corporate-branded Prepaid Cards

VirtualPrepaid CardsPay UnderbankedPay Instantly

Conventional

Local Bank with No Wire Fees

Number easily accessible

One-time, Instant, Global

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#6. Have You Integrated a Comprehensive Mobile Strategy?

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#7. Are you Building Retention with Digital Field Support Tools?

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Flexible and bit sized pieces, and continually refreshedTrainingCorporate Branded Prepaid Cards create the mechanism for supporting the distributor with financial tools to build their business Business AccountUsing the Prepaid card you can now incentivize distributor behavior and reward themLoyalty and IncentivesTax ServicesExpense ManagementIncome Smoothing Assist in reporting and filing W9/W8-BENAssist in Tracking business expenses and predicting Tax requirements and deductionsAbility for Payee to create predictability in their take-home pay, secured by access to their income for HW

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#8. Hows Your Distributor Support Process?

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We still need the human touch

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Top Tips6******************Card First Creates the business account and data necessary to drive retention loyalty and ancillary servicesMobile FirstAdditional Capability that appeal to the Millennial distributor Donations and Recruitment IncentivesTransparency of compensation plan.Unparalleled Training and SupportDont let the old timers make all the important decisions.

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