EARN ONGOING PASSIVE INCOME FROM BUSINESS CONDUCTED ON THE CLUBMASTER PORTAL
USE CLUBMASTER AS AN EXTENSION OF YOUR BUSINESS’ MARKETING ARM
BUY AND SELL WITHIN THE CLUBMASTER NETWORK
SELLERS MAKE SALES AND PAY AN AGREED MARKETING FEE TO CLUBMASTER
CLUBMASTER SHARES THE NETWORK FEE VALUE WITH SPECIFIED MEMBERS LINKED TO THE TRANSACTION
The Network Club is designed to generate passive and semi-passive income for Members, and to assist in the development of all qualifying Member businesses by generating leads and sales. The Network Club is open to ClubMaster Sapphire Rewards Members and higher. As with all ClubMaster Clubs, this is a Members only portal, and Members participate in The Network Club subject to the ClubMaster Member Rules.
HOW IT WORKS
For suppliers of goods or services, The Network Club is simply another avenue for securing business, another tool in your marketing and sales arsenal, and for this you agree to pay a fee (The Network Fee) for the introduction of business. By registering your business with The Network Club, you commit to paying a Network Fee on all sales to other ClubMaster Members, whether or not the buyer is a member of The Network Club.
SCHEDULE OF NETWORK FEES BY TRANSACTION TYPE
Network Fees vary between industries, and may be amended from time to time by ClubMaster Systems in its absolute discretion, subject to any current agreements with Members. Some Network Member Agreements will be subject to individual negotiation. The ClubMaster Network Terms of Business apply to all business transactions which occur within The ClubMaster Network Club.
In certain industries a trailing commission may also apply, which would be included as a Network Fee to be shared as prescribed by ClubMaster from time to time. Some Network Fees are only applicable where a suitable licence is held by a participating party, and only where the Network Fee is legally payable and receivable. Network Fees are generally accepted in the currency of the transaction, however ClubMaster reserves the right to request payment in the currency of its choosing. Network Fees are distinct from Trade Exchange Service Fees, which are charged for services in The Exchange Club.
No Network Fee is charged to the buyer, although the buyer must also be a ClubMaster Member at settlement of the transaction.
HOW ARE NETWORK FEES SHARED?
Network Fees are shared between three levels of sponsor of the selling Member, three levels of sponsor of the buying Member, the Transaction Sponsor, the Community Club Programmes, and ClubMaster Systems.
Members who sponsor new ClubMaster Members have the opportunity to earn revenue from all sales made by that sponsored Member to other Members, whilst ever the sponsored Member remains a Member. The sponsoring Member need have nothing to do with facilitating the transaction, thus providing the opportunity for passive revenue beyond your normal business activity.
If you, as a Member of The Network Club, have sponsored a ClubMaster Member, you will be registered as a Level 1 Sponsor for that Member and will earn from all transactions undertaken by your sponsored Member with other Members for which fees are charged and received as cleared funds. If your sponsored Member then sponsors a new Member, you will be registered as a Level 2 Sponsor for that new Member, and so on. Network Fees may be earned whether your sponsored Member (at Levels 1, 2 or 3) is either the seller or the buyer, as long as the seller is registered with The Network Club. No Network Fees are shared with Level 4 Members or below.
If you have not sponsored either the buying Member or the selling Member, you may still participate as Transaction Sponsor, by introducing the transaction between the two transacting Members. Transaction Sponsors are registered with The Network Club, are attached to specific transactions only, must be recognised by the selling Member as the Transaction Sponsor, and participate by registering and processing the transaction through ClubMaster Systems. Where a Transaction Sponsor participates in a transaction, they waive any entitlement they may have to a Sponsor’s Fee, should they also be a Level Sponsor in the transaction.
The current distribution of Network Fees is shared between ClubMaster Systems; Charities, Not For Profit Organisations, and other Community Club Programmes; the Transaction Sponsor; three levels of the Selling Member’s Sponsors; and three levels of the Purchasing Member’s Sponsors.
Where a party is not present or applicable to a transaction, the default beneficiary of that allocation will be ClubMaster Systems. Network Fee distributions are made by ClubMaster Systems, in its absolute discretion, either in ClubMaster Dollars (CMD’s), or in ClubMaster Reward Points (CRP’s), or in the currency or currencies or non-currency units of the originating transaction. For example, if the transaction is a purchase with $US, the distribution will be either: (a) in CMD’s, or (b) in CRP’s, or (c) in $US, or (d) in the non-currency units traded in the event of a non-cash trade. If the transaction is in CMD’s or ClubMaster Reward Points, then the distribution to the sponsors will usually be in CMD’s or Reward Points. Purchaser rebates are generally paid in CMD’s, which may be redeemed through The Exchange Club.
All parties who participate in The Network Club and receive financial benefit will be subject to full disclosure to the other parties, to ensure no party is at risk of breaching laws related to secret commissions, conflicts of interest, etc. All recipients will agree to provide an invoice in a format acceptable to ClubMaster, or subject to legal requirements authorise Recipient Created Tax Invoices prepared by ClubMaster, and all parties will be responsible for obtaining their own accounting, taxation, and legal advice related to their Membership, and any associated transactions. Members may waive their entitlement to Network Fees.