Optavia Compensation Plan Quiz & Ranks Flashcards

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Questions and Answers

What is the Path to Achievement?

As OPTAVIA Coaches achieve milestones in rank, they move along the path to achievement

What is a Plan in the context of OPTAVIA?

An OPTAVIA Client is matched with an OPTAVIA meal plan based on their health assessment and preference.

What does Rank signify in OPTAVIA?

A means by which we measure and recognize success along the optimal wellbeing path and in the compensation plan.

What does it mean to Share in OPTAVIA?

When an OPTAVIA Coach shares what OPTAVIA has to offer with a Client Candidate. Signup and view all the answers

What is Sponsorship in OPTAVIA?

When an OPTAVIA Coach welcomes and onboards a new OPTAVIA Client or Coach in their frontline. Signup and view all the answers

What is meant by Team in the OPTAVIA context?

All of the individuals in the OPTAVIA community, Coaches and Clients, that an OPTAVIA Coach supports. Signup and view all the answers

What is an Assist Bonus?

A matching $100 bonus paid to the Sponsor of a new OPTAVIA Coach. Signup and view all the answers

What qualifies someone as an Associate Director?

An OPTAVIA Coach who qualifies as a Senior Coach with three Qualifying Points in a Monthly Bonus Period. Signup and view all the answers

What does it mean to be Bonus Qualified?

An OPTAVIA Coach who has met the requirements to earn specific bonuses. Signup and view all the answers

What is the role of a Business Coach?

A Coach who enrolls, trains, and mentors OPTAVIA Coaches. Signup and view all the answers

Define the term Business Leader.

A Business Coach who builds Teams of Business Coaches. Signup and view all the answers

What is a Career Path in OPTAVIA?

Specific and measurable accomplishments and benchmarks related to qualifications of achievement. Signup and view all the answers

What is Certification in the context of OPTAVIA?

OPTAVIA offers optional training for Coaches to become knowledgeable and skilled. Signup and view all the answers

What is a Certification Bonus?

A 3% bonus paid to Certified Coaches on their Frontline Compensation Volume. Signup and view all the answers

Who is a Certified Coach?

Someone who has successfully completed and passed the online Certification Course. Signup and view all the answers

What defines a Client in OPTAVIA?

An individual who receives support from an OPTAVIA Coach. Signup and view all the answers

What is the Client Acquisition Bonus (CAB)?

A one-time $100 bonus for new Coaches who develop at least five new Frontline Clients. Signup and view all the answers

What are Client Support Bonuses?

A sliding scale bonus paid to Coaches who generate at least 1,200 Frontline Qualifying Volume in a Monthly Bonus Period. Signup and view all the answers

How are Commissionable Goods defined?

Any products that can be consumed and are eligible for compensation. Signup and view all the answers

What is the definition of a Fully Integrated Business Coach (FIBC)?

A Business Coach proficient in Client acquisition and support with specific volume requirements. Signup and view all the answers

What is the highest rank achieved in the OPTAVIA Compensation Plan?

The highest rank ever achieved by a Coach is used for recognition purposes. Signup and view all the answers

What does 'In-depth' refer to in OPTAVIA's context?

The Clients and/or Coaches below a Coach's Frontline. Signup and view all the answers

What is the Monthly Bonus Period?

The time frame for calculating rank qualifications and monthly bonuses. Signup and view all the answers

What does the term 'Qualifying Volume (QV)' mean?

The volume amount assigned to an item to determine rank and bonus qualification. Signup and view all the answers

What is the purpose of the Duplication Model?

A system designed to support and reward consistent replication of successful practices. Signup and view all the answers

Study Notes

Optavia Glossary Overview

Assist Bonus: $100 bonus for Sponsors of new Coaches who earn a Client Acquisition Bonus.
Associate Director: A Senior Coach with three Qualifying Points in a Monthly Bonus Period.
Bonus Qualified: Coaches meeting specific criteria to earn bonuses within the Compensation Plan.
Business Coach: A Coach who recruits, trains, and mentors new Coaches; synonymous with "Sponsor."
Business Leader: A Business Coach who develops teams of Business Coaches.

Compensation and Bonuses

Career Path: A structured path in the Compensation Plan marked by measurable achievements or ranks.
Certification: Optional training providing knowledge and skills, allowing Coaches to earn bonuses and advance in rank when passing the Certification Exam.
Certification Bonus: 3% bonus on Frontline Compensation Volume for Certified Coaches.
Client Acquisition Bonus (CAB): $100 bonus for new Coaches who acquire five Frontline Clients with a total of at least 1,000 Frontline Qualifying Volume in 30 days.
Client Support Bonuses: Sliding scale bonuses of 5% to 13% for Coaches achieving at least 1,200 Frontline Qualifying Volume in a Monthly Bonus Period.

Client and Coaching Relations

Client: Individuals receiving support from Coaches and making orders through personalized Coach websites.
Client Support Commissions: Flat 15% bonus on Level 1 orders in a Weekly Commission Period.
New Client: A person who has never ordered through a Coach or directly from OPTAVIA.
New Coach: An individual who has not previously purchased a Coach Business Kit.

Qualifying Volumes and Ranks

Personal Qualifying Volume (PQV): Volume earned by an individual, not included in Frontline or Group Qualifying Volumes.
Qualifying Point (QP): Measurement unit awarded for 1,200 in Frontline Qualifying Volume or a qualified Senior Coach Team.
Qualifying Volume (QV): Volume assigned to items determining rank and bonus qualifications.
Highest Rank Achieved: The best rank ever attained, important for recognition purposes.

Coach Ranks and Teams

Director: Coach that qualifies as a Senior Coach with four Qualifying Points.
Executive Director: A Senior Coach with five Qualifying Points in a Monthly Bonus Period.
National Director: An Executive Director with three qualified Executive Director Teams.
Fully Integrated Business Coach (FIBC): A Business Coach with at least 6,000 FQV and five qualified Senior Coach Teams in a Monthly Bonus Period.
Monthly Bonus Period: Time frame for rank qualifications and bonuses, first to last day of each month.

Community and Leadership

OPTAVIA Community: A network of Coaches and Clients supporting one another.
Mentorship/Support Team: Coaches and leaders providing guidance and support within the line of sponsorship.
Optimal Wellbeing Path: Framework outlining a consumer's journey from awareness to becoming a Coach or Business Leader.

Training and Support

Habits of Health System: A method teaching Clients healthy habits for sustainable success.
Sponsorship: The process where a Coach onboard new Clients or Coaches.

Key Products

Fuelings: Nutritious, scientifically-designed products for OPTAVIA meal plans.
Lean & Green: A healthy meal approach involving lean protein, non-starchy vegetables, and healthy fats.

General Definitions

Team: All individuals in the OPTAVIA network that a Coach supports, including both Coaches and Clients.
Explore: When a Coach shares OPTAVIA offerings with a potential Coach Candidate.
Path to Achievement: Marking successes as Coaches progress through ranks and milestones in the organization.

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Description

Test your knowledge of the Optavia compensation structure and bonus terminology. This quiz covers essential terms and concepts related to Coach roles, bonuses, and career paths within the Optavia system. Understand how different bonuses work and their significance in the coaching hierarchy.

Optavia Compensation and Bonus Overview