What is a “Cash Rewards Member”?

–A member who becomes qualified to be placed on “Cash Rewards Lists” and earn “Cash Rewards” for six tiers down. A Cash Rewards Member refers Local Treasure to their friends, family and their local businesses (anyone!)

 

What is a “teir”?

This is the basic way teirs are created in Local Treasure.

–When you gather new members, they are placed your 1st teir (level).

When your 1st teir members gather new members, they are placed on your 2nd teir.

When your 2nd teir members gather new members, they are placed on your 3rd teir.  

And so on…   

 

But you don’t have to gather new members to make refer a friend rewards!  

One of the ideas behind creating Local Treasure is to have a platform where those of you who are not good at referring can have the service of those who are.

Where you make more refer a friend bonuses than you could make on your own…

and where the more ambitious who refer can make a lot more extra cash… because they get a percentage of all the refer a friend rewards (from a wide variety of refer a friend offers) that is rewarded to their direct and indirect referrals… to six teirs down!

 

 

        —The Cash Rewards Plan—

 

This presentation is built on the idea that each CRM(Cash Rewards Member) will gather at least 7 other CRM’s for six teirs down.

 

NOTE: Any names used in this presentation are for presentation use only. Any similarities to you or anyone you may know is not intended.

 

 

If “administration” gathers “YOU”…

 

The Cash Rewards List you would pay to would look like this:

 

1). ***Local Treasure***
2). (a support staff member)
3). (a support staff member)
4). (a support staff member)
5). (a support staff member)
6). (a support staff member)
7). (a bonus cash winner)

 

*** “Local Treasure” is to be a permanent fixed position on every Cash Rewards List to be paid to by each member of Local Treasure.***

 

 

“YOU” gather Bobby Banes & 6 others (your 1st teir). The lists they pay to would look like this:

 

1).   Local Treasure
2). (a support staff member)
3). (a support staff member)
4). (a support staff member)
5). (a support staff member)

6). (a bonus cash winner)

7).  “YOU”

 

7 new lists (Bobby Banes & 6 others)

Cash rewards from 7 CRM’s

 

 

Alfredo Alvarez & 48 others (your 2nd teir) are gathered:

 

1).   Local Treasure
2). (a support staff member)
3). (a support staff member)
4). (a support staff member)
5). (a bonus cash winner)
6).  “YOU”

7). Bobby Banes (& 6 others)

 

7 old lists

+ 49 new lists (Alfredo Alvarez & 48 others)

= cash rewards from 56 CRM’s.

 

 

James Moore & 343 others (your 3rd teir) are gathered: 

 

1).   Local Treasure

2). (a support staff member)
3). (a support staff member)
4). (a bonus cash member)
5).  “YOU”
6). Bobby Banes (& 6 others) 

7). Alfredo Alvarez (& 48 others)

 

56 old lists

+ 343 new lists (James Moore & 342 others)

= cash rewards from 399 CRM’s.

 

 

Sara Penington & 2,400 others (your 4th teir) are gathered:

 

1).   Local Treasure
2). (a support staff member)
3). (a bonus cash winner)
4).  “YOU”
5). Bobby Banes (& 6 others) 
6). Alfredo Alvarez (& 48 others)   

7). James Moore (& 342 others)

 

399 old lists

+ 2,401 new lists (Sara Penington & 2,400 others)

= cash rewards from 2,800 CRM’s.

 

 

Teresa Burgess & 16,807 others (your 5th teir) are gathered: 

 

1).   Local Treasure
2). (a bonus cash rewards member)
3).  “YOU”
4). Bobby Banes (& 6 others)
5). Alfredo Alvarez (& 48 others)
6). James Moore (& 342 others)

7). Sara Penington (& 2,400 others)

 

2,800 old lists

+ 16,807 new lists (Teresa Burgess & 16,806 others)

= cash rewards from 19,607 CRM’s.

 

 

Trey Smith & 117,649 others (your 6th teir) are gathered:

 

1).   Local Treasure
2).  “YOU”
3). Bobby Banes (& 6 others)
4). Alfredo Alvarez (& 48 others)  
5). James Moore (& 342 others
6). Sarah Pennington (& 2,400 others)

7). Theresa Burgess (& 16,806 others)

 

19,607 old lists

+ 117,649 new lists (Trey Smith & 117,649)

= cash rewards from 137,259 CRM’s

 

 

***Keep in mind that this is not counting the number of refer a friend bonuses that you could receive and the numbers of “regular” members who could also be paying to you.***

 

***Also keep in mind that the mathematical reality is that as the membership base continues to grow larger and larger, at a certain point, it will become less and less likely that everyone who becomes a CRM will be able to gather 7 more CRM’s very quickly or even  be able to gather 7 more CRM’s.

So when and if it ever gets to that point, if you aren’t interested in making a purchase from several businesses in our listings each year, it may be a better idea for you to become one of our regular members for the opportunity to be chosen to refer others and make yourself some refer a friend bonuses.

CRM’s may change to “regular member” status at any time.***

 

–All members (Regular Members and Cash Rewards Members):

You are required to reward each Cash Rewards Member on your list –3 cents– for every dollar you receive in refer a friend bonuses. 

 

–There are 7 Cash Rewards Members on each list… 7 × 3 cents = a total of 21 cents from each dollar will go to your Cash Rewards List.–

 

 

SOME IMPORTANT THINGS YOU NEED TO KNOW:

–All members (Regular Members and Cash Rewards Members) may post and become referrers of as many offers as they want. –To qualify to be a referrer of any business listed in Local Treasure, you must either have been or have become a customer of the business or have permission from the business to do so (Local Treasure considers that to be a purchase).

 

–Since refer a friend bonuses may come in the form of: savings, gift cards, store credits, discounts, discount vouchers, products, merchandise, extra services, other types of rewards (other than cash), all non-cash refer a friend bonuses must be translated into cash value for purpose of calculating cash rewards that is to be sent to members who are on Cash Rewards Lists.

You must ask at the business (from someone who knows, like the owner, manager, knowledgeable employees) where you make the purchase, what is the estimated RETAIL cash value of the refer a friend bonus being offered. If that is not possible, then have Support set the estimated retail cash value for you.

 

–IN ANY MONTH THAT YOU RECEIVE A REFER A FRIEND BONUS(es), YOU ARE RESPONSIBLE TO REWARD YOUR CASH REWARDS LIST BEFORE THE END OF THE FOLLOWING MONTH.

 

–If a business gives you a bonus for becoming a customer (you being the referred member not the referring member in this case), you are responsible to reward your list out of that bonus you receive.

Also, if you decide to give a member a share of a bonus you received because of his/her purchase, then you are responsible to reward your Cash Rewards List only out of the share of the refer a friend bonus you keep and the member who received a share from you will be responsible to reward their own list out of their share of the bonus.

 

Qualifying As A Cash Rewards Member

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