Monday, April 20, 2009

Smart Saver Program's JARGON


Definition of JARGON ( according to webster dictionary ) 

1 a: confused unintelligible language b: a strange, outlandish, or barbarous language or dialect c: a hybrid language or dialect simplified in vocabulary and grammar and used for communication between peoples of different speech2: the technical terminology or characteristic idiom of a special activity or group3: obscure and often pretentious language marked by circumlocutions and long words

In other words, these are some of the terms which you will encounter -the new terms...yes, the Jargons:  

Independent Business Owner ( IBO ) : A person who registers with Newlife to be a full member by paying RM60; is able to enjoy all the earning privileges

Smart Saver ( Saver) : A person who registers with Newlife to be a Saver by paying RM10; is able to purchase Newlife products at distributor price  as well as Smart Saver Products. Smart Savers are able to earn eVouchers but not Smart Points.

Smart Points (SPt) : Points which a person gets when they purchase a Smart Savers Product with SPt associated with it. If Saver purchase products, they are not able to keep the points and will be passed up to the top nearest IBO in the lineage. Each SPt can be exchanged with cash and the value is fixed according to the pool, which will change from time to time, but lowest cap is at RM4. 

eVoucher ( eV)  : electronic vouchers which an IBO and a Saver gets when they purchase a Smart Saver Product with eV associated with it. One eV is equivalent to RM2 and is redeemable for all Smart Saver products EXCEPT the Super Reducer Package. Also, one is not able to use eV to redeem more than 50% of the Smart Savers.  It is in electronic form, where it is saved on the Newlife database, can be checked on website and used at Newlife Stores. 250 eV will qualify a person for an all expense paid Gala Night at Genting Highlands.

eWallet: Place where SPts earnings are kept under each individual IBOs accounts. Can be redeemed for cash at Newlife branches

Qualifying Points ( QP ) : IBOs must have 10 QP to be able to earn from SPts every month. For New IBO ( within 6 months of first sign up ) , 50PV = 10QP. IBOs 50PV = 2QP, 1 new IBO sign up under them = 4QP.

Sunflower : The way a person arranges their lines directly under themselves individually

Sate/Satay : The way a person arranges their lines in a single file, one immediately below another.


* These terms are interpreted through my own understanding. May be amended if there are mistakes 

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