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FAQ

THE MOST COMMON QUESTIONS

Frequently asked questions

1.HOW TO REGISTER PEOPLE

How to register people with My Site?


The best and most professional way to register people is by sending them the MY SITE link. To have a My Site link you need to have an active order of Business + ( Check section 5 in this page - tools that you can activate) My site page is greast because when you send a link to someone, they have there multiple languages and they can watch a 4 minute video to learn about the business. There, they will aslo see personal information about you, including your pictures, phone, email and your story. Here is an example of an existing My site: https://mysite.lyconet.com/Matt-Ferk-US/




Register people with your CashBack app


- Open up your CB app. - Click on the small silhouette on the bottom of your APP. - scroll down and click recommend for free - Now the person can just scan the QR code if he is with you or you can click SHARE and send that person the link via text, email or social media .




How to register Shoppers through your Lyconet Backoffice?


- Login to your lyconet backoffice on www.Lyconet.com - Click on Tell a friend about CashBack World - Then copy your registration link and send it to him as you wish, or enter your friend's email and send him an email




How to register someone directly as a Marketer?


- Login to your lyconet backoffce on www.Lyconet.com - Click on Tell a friend about Lyconet - Then copy your registration link and send it to him as you wish, or enter your friend's email and send him an email




How to upgrade from a Shopper to a Marketer


- Go to lyconet.com - Click register for free - Click Register with Existing profile - Login with your username and Password for CB app - Follow the steps. The last step will offer to order the first small Benefit voucher





2. BENEFIT VOUCHERS

What are Benefit Vouchers?


Benefit Vouchers are down payments towards your future shopping on MyWorld.com/BenefitStore. You can spend the entire money that you paid for a Benefit Voucher on your shopping. We offer a Small Benefit Voucher (SBV) which costs $149.00 each. You can create a Monthly Recuring order of a maximum of 3 SBV. We aso offer a Big Benefit Voucher (BBV) which costs $1,499.00 each. You can order the maximum amount of 10 BBV every 4 months. With every order of a Benefit Voucher, you will receive free incentives, depending on which BV you order: - Shopping poins for your Career Level - Company Profit Shares (Cloud Program) - Units for the Balance program. Watch a video about benefit vouchers:




How to order Benefit Voucher?


You can order them on your Marketer Backoffice ( www.Lyconet.com) 1) Click on Business 2) Click on Benefit Voucher 3) Choose a Small BV for a monthly order or Big BV for a one time order 4) Follow the steps and pay with your Credit Card.




Whitch BV to order to receive company Profit Shares?


Every marketer has an option to order 2 kinds of benefit vouchers for the cloud program: 1) Small benefit voucher (SBV) on a recurrent monthly order. The maximum you can order is 3 SBV per month. Each SBV costs $149 and you will receive for each of them 100 SP for your Career and 1/10 of the Enteprrise Cloud share as a gift. 2) Big Benefit Vouchers (BBV) are a one time order. The price of each BBV is $1,499.00 and you will receive 750 SP for your Career and 1 Full Enterprise Cloud Share as a gift. You can order up to 10 BBV for every offering of the Enterprise Cloud shares. Each offering lasts 4 Months. If you have a minimum of 1 Enterprise cloud share you will also be able to order a total of 30 BBV for the X cloud shares per person. They are available only for 30 days. every 4 months. To understand the Enterprise and X Cloud Shares please check the section 2. COMPANY PROFIT SHARE PROGRAM) on this page




Whitch BV do I need to order to receive UNITS in the Balance program?


When you are a Marketer with a minimum of 1 UNIT in your Balance program, which you will create with Shopping when you collect the first 50 SP, or by Reaching Career level 2 or 3, your Balance program will open up. At that point you will also be able to purchase Benefit vouchers for the Balance program. 1) You will be able to create a Monthly order of a Maximum of 2 Small Benefit Vouchers (SBV) in the amout of $149.00 each. For each SBV you will receive 50 SP for your Career, 1/10 of the Infinity cloud share, and also 100 SP for the Balance program, so you will be able to create 2 Units every month for each SBV. 2) You will also be able to create an order of a Big Benefit Voucher (BBV) and for each of them you will receive 500 SP for your Career, 1 Full infitiny share, and 1000 SP for your Balance program. To understand the BALANCE PROGRAM and UNITS Please learn about it on the section 3. BALANCE PROGRAM on this page




How to redeem BV for Shopping


Benefit vouchers are your money! You can redeem them by shopping in the Benefit Store. 1) From October 15th on, you will be able to use them to pay between 10% and 100% of the product price in the benefit Store. 2) You can also pay with them in full for programs like Business+, Marketing+, invite +, and you can also use them to pay 50% of the Elite Club membership and other products form Lyconet, like Travel World, for vacations.





3.COMPANY PROFIT SHARES

What are Company Profit Shares ( Cloud Program) ?


CLOUD programs are company profit share programs! You will receive CLOUD shares as a gift for purchasing benefit vouchers. Watch the video!




What are the Benefits of the Cloud program?


There are 2 benefits for the ENTERPRISE CLOUD 1) The company My World distributes shopping Points created from the shopping of every shopper that is registered directly through the company resorts and not the MLM, to the shareholders. 2) The entire My World Group, including all the companies and brands under the My World umbrella, share up to 25% of its profits with the shareholders. And there is an addtional benefit for the X CLOUD 3) Profit form My world real estate. The company is building real estate and collecting rent. This rent is converted into shopping points and these poins are equally distributed to the shareholders of the X cloud.




Are there any requierements to get paid from the Cloud Program?


YES! You need to be commission eligible minimum 80% of the time to receive distribution for Shopping points from a Cloud. That means that 80% of the monhts you need to collect 50 SP from your shopping and shopping from your shoppers ( people registered between you and the next marketer in that leg who have just registered as a shopper) Or you are automaticly Compensation Eligible if you have a monthly order of 1 or more Small Benefit Vouchers.




When and how much will I get paid from Cloud Shares?


1) WHEN WILL I GET PAID: Each cloud share starts distributing additional shopping points for your career on a monthly basis. The distribution starts 48 monhts after you have received the share. 2) HOW MUCH WILL I GET PAID: Depends on the share you have. - If you have INFINITY.ENTERPRISE CLOUD shares it is imposible to predict how many shopping poins you will start receiving on a monthly basis after 48 months, because all depends on the company profits, and on the shopping made from people registered directly under the company. The expectation is somewhere between 30-50 SP per share per month. - X CLOUD will pay you a fix amount of Shopping points per month and this depends soley on your Multiplier. If your multipier is X 0 you will receive 30 SP per month per share. If your Multiplier is X 10 then you will receive 300 SP per Share per month.




Do I get paid on shares from other people in my team?


YES! All the shopping points that any person in your entire network will ever receive from their CLOUD program shares also count in full for your Career level.




How many shares can I own?


1) You can have a maximum monthly order of 3 Small BV for the Career program which would give you 3/10 of a share every month. 2) You can have a maximum monthly order of 2 Small BV for the balance program and with that receive additional 2/10 of the share per month. 3) You can order in every offering of the Enterprise Cloud ( every 4 months there is a new offering) a maximum of 10 Big BV and with that, 10 additional Shares. 4) You can order every month 1 Big BV for the balance program and with that receive 1 Full Enterpise cloud share per month. 5) You can Order up to 30 Big BV for the X LCOUD in total in your life.




What is the Multiplier?


MULTIPLIER is a system that multiples your poins that you will receive from the X CLOUD. It works in a simple way: You need to make sure that you have in each offering of the Enterprise Cloud a minimum of 3 shares. 2 offerings x 3 Shares. = Multiplier 2 , Equals 60 SP/ month for each X CLOUD share. 3 offerings x 3 Shares. = Multiplier 3 , Equals 90 SP/ month for each X CLOUD share. 4 offerings x 3 Shares. = Multiplier 4 , Equals 120 SP/ month for each X CLOUD share. 5 offerings x 3 Shares. = Multiplier 5 , Equals 150 SP/ month for each X CLOUD share ........ 10 offerings x 3 Shares. = Multiplier 10 , Equals 300 SP/ month for each X CLOUD share. 10x Multipler is the maximum.





4. BALANCE PROGRAM

What is the Balance Program and what are the UNITS?


The balance program is a very important part of commisisons. There are 5 commissions that are paid based on the Balance program. Please watch the video:




How do i create units?


There are 3 ways of creating units! 1) From shopping. For every 50 SP created from your own shopping you will automatically receive 1 Unit. 2) With career levels When you are Career level 1,2 or 3 part of your commissions ( Career Commisison ) will create units. Every $75 that you shoul receive from your Career Commission will create a unit. 3) with Purchases of Small Benefit Vouchers and Big Benefit Vouchers. ( learn more about this option under the section 1, Benefit Vouchers)




How much money can i expect from each unit ?


A unit pays unlimited amount of money 1) You will receive $165 cash Balance commisison when behind your unit, there will be 50 other units. 2) You will receive $600 shopping credit when behind your unit, there are 70 other units. 3) The units will then trasnfer into the second category, then the 3rd one, then the 4th one, and then the 5th one, and all together will pay you out another $23,595 But the unit will create in each category 4 more Bonus units and each of them will pay the same. And this bonus units will create new bonus units so there is no limit on the income.




How many units should i have?


The best would be if you had units in all 5 categories as soon as possible. You will be able to create them from Benefit Vouchers after you have the first one from shopping. Best placement: 7 Units in the Balance Category 1 ( you need 50 SP to create each of them) 3 Units in the Balance Category 2 ( you need 150 SP to create each of them) 3 Units in the Balance Category 3 ( you need 400 SP to create each of them) 1 Units in the Balance Category 4 ( you need 1,200 SP to create one) 1 Units in the Balance Category 5 ( you need 4,000 SP to create one) 1 Big Benefit voucher creates you 1000 SP and a Small BV creates 100 SP.




How can i palce a unit into Passive balance program?


You can do that when you have competed 2 requirements: 1) You need to be minimum Career Level 2 2) You need to have 7 units in your personal Balance program in your first category, 3 in the second and 3 in the third category.




What are Transfer Units?


When you create a unit in one of the five categories you just wait that they get paid out. They are paid out when a certain number of units is created on the left side of the balance program, and certain amont of the units in the right side of the balance program. When this happens, then the units are transfered in the next higher category. If the unit is created in the 1st category and reaches the goal of 35 units on the left side and 35 units on the right side then the unit Transfers into the 2nd category. When there are 30 units on the left side and 30 units on the right side behind your unit, you have already reveived $495 payout and the unit is trannsfered into the 3rd category. When there are 25 units on the left and 25 units on the right behind the unit you have already reveived $1,650 and the unit is trasnfered into the 4th category. When there are 25/25 units behind, you have already received another payout of $4,950 and the unit was trasnfered into the last 5th categort, and when there are 25/25 units behind your unit, you have already recevied an additional $16,500




What are Bonus Units?


You revceive Bonus units as a gift for each of your units. When certain amount of units are created in the balance program behind your original unit, you will recevie bonus units into full passive programs. 1) When there are 5 units on the left side and 5 units on the right side you will receive your first bonus unit into national program. Every person in your country who shops, will create units there, it does not matter if that person is part of your network or not. So it is just a matter of time that this Bonus unit will Pay you Balance commission in the amount of $165, and then this one will also transfer in the higher category and will pay you again as a transfered unit. 2) When there are 10 units on the left side and 10 units on the right side you will receive your second bonus unit into the Continental program. Every person in the continent who shops will create units there, it does not matter if that person is part of your network or not. So it is just a matter of time that this Bonus unit will Pay you a Balance commission in the amount of $165, and then also this one will transfer to the higher category and will pay you again as a transfered unit. 3) When there are 15 units on the left side and 15 units on the right side you will receive your third bonus unit into the International program. Every person in the world who shops will create units there, it does not matter if that person is part of your network or not. So it is just a matter of time that this Bonus unit will Pay you Balance commission in the amount of $165 and then also this one will trasnfer in the higher category and will pay you again as a transfered unit. 4) When there are 20 units on the left side and 20 units on the right side you will receive your fourth bonus unit again into the National program. Every person in the country who shops will create units there, it does not matter if that person is part of your network or not. So it is just a matter of time that this Bonus unit will Pay you a Balance commission in the amount of $165 and then this one will also transfer to the higher category and will pay you again as a transfered unit. Each bonus unit also creates another 4 Bonus units in each of the 5 categories.




Where can i see the Balance Program in my Backoffice?


You will only be able to find a Balance program after you have your first unit. This is after you create 50 SP from your Shopping or you received a unit as a reward for your Career level. 1) Login to your Lyconet Backoffice. 2) Click on Marketing Program 3) Click on Balance program. Watch a video here:





5. ELITE CLUB

What is Elite Club?


Elite Club is one of the companies owned by My World. It is the only company that will soon become bublicly traded. And as a Marketer you have the advantage that you can become a Founding Member and profit from that in multilpe ways. Click here to watch the video:




Cost and Benefits of Rising Star membership?


RISING STAR has an annual cost of $7,500 . PAYMENT OPTIONS AND BENEFITS: A) Pay $7,500 in full and receive, -1 Enterprise Cloud Share -1 Elite Club Founding Member share - 500 priority vouchers (E-Credits) - 2,750 SP for your Career - Option to purchase up to 40,000 Security tokens B) Pay a downpayment of $4,500 now and the remaining $3,000 in 12 months. - 1 Enterprise cloud share after paid in full - 1 Elite Club Founding Member share after paid in full - 500 priority vouchers ( E-Credits) after paid in full - 1,750 SP for your Career now, and 1,000 SP for your career when paid in full - Option to purchase up to 40,000 Security tokens C) Pay 50% with money and 50% with Benefit vouchers -1 Elite Club Founding Member share - 500 priority vouchers (e-credits) - 875 SP for Career points - Option to purchase up to 40,000 Security tokens




Cost and Benefits of Executive Membership?


The EXECUTIVE MEMBERSHIP has a cost of $22,500 per year. PAYMENT OPTIONS AND BENEFITS: A) Pay $22,500 in full and receive, - 3 Enterprise Cloud Shares - 3 Elite Club Founding Member shares - 1,500 priority vouchers ( E-Credits) - 8,250 SP for Career - Option to purchase up to 120,000 Security tokens B) Pay a downpayment of $14,000 now and the remaining $8,500 in 12 months. - 3 Enterprise cloud shares after paid in full - 3 Elite Club Founding Member shares after paid in full - 1,500 priority vouchers (E-Credits) after paid in full - 5,250 SP for Career now and 3,000 SP for Career when paid in full - Option to purchase up to 120,000 Security tokens C) Pay 50% ($11,250) with money, and 50% ($11,250) with Benefit vouchers - 3 Elite Club Founding Member shares - 1,500 priority vouchers (e-credits) - 2,625 SP for Career points - Option to purchase up to 120,000 Security tokens




Cost and Benefits of the VIP Mebership?


The VIP MEMBERSHIP has a cost of $75,000 per year. 2) PAYMENT OPTIONS AND BENEFITS A) Pay in full $75,000 and receive, -10 Enterprise Cloud Shares -10 Elite Club Founding Member shares - 5,000 priority vouchers (E-Credits) - 27,500 SP for Career - Option to purchase up to 400,000 Security tokens B) Pay a downpayment of $50,000 now and the rest $25,000 in 12 months. - 10 Enterprise cloud shares after paid in full - 10 Elite Club Founding Member shares after paid in full - 5,000 priority vouchers (E-Credits) after paid in full - 17,500 SP for Career now and 10,000 SP for Career when paid in full - Option to purchase up to 400,000 Security tokens C) Pay 50% ($37,500) with money, and 50% ($37,500) with Benefit vouchers - 10 Elite Club Founding Member shares - 5,000 priority vouchers (e-credits) - 8,750 SP for Career points - Option to purchase up to 120,000 Security tokens




What are the Security Tokens?


Security tokens are an official fully regualated company share, that will be offered on trading platforms worldvide. It is predicted that the Security tokens will be publicly traded somewhere in the next 12-18 months. The starting trading value is predicted to be somewhere between 1-2 EUR (about $1.2 and $2.4 ) per token. As a Founding member of the elite club, you will have an option to purchase these tokens in the internal offering available only for founding members before they are available to the public. Depending on your membership, you will have an option to purchase 40,000, 120,000 or 400,00 of them for about 10% of the actual starting value. You will be able to pay with money for 50% of them, and the other 50% you will be able to exchange for E-credits.




How to pay for the Elite Club?


Please find below the complete data for from EliteClub CB International and address from our bank

Elite CB International
Digital Park, Building A4, Office 310
P.O.: Box 341351
Silicon Oasis, Dubai, United Arab Emirates

European American Investment Bank AG
Palais Esrerhazy
Wallnerstrasse 4
1010 Vienna
Austria
IBAN: AT531934005300140101 - for USD currency
BIC/SWIFT: EUAAATWW





6. E-CREDITS

What are E-Credits


E-Credits are our own Cryptocurrency. In the next 24-36 months they will start trading with other crpyocurrecies on the trading platform. Watch a video:




How do i get E-Credits?


You receive Priority points that you will be able to exchange for E-Credits, when they become available . - In each Career level, starting with Career level 2 and up, you will receive Priority Points as a gift. - If you become a member of the Elite Club you will receive Priority Points as a gift. - Many times the company runs special deals with additionl options to receive Priority Points..




What can i do with them?


- When our E-credit app is implemented, you will have an option to exchange your priority poinst for E-credits, and you can shop with them. - You can keep the priority points and wait for them to start trading on the world's largest trading platform, and sell them whenever you want. This way you can earn great money because the value can icrease.




What is a value of an e-credit?


Each e-Credit has a value of 1 EUR ( About $1.2) But as a Marketer you are recevving Priority poins that will later turn into Priority E-credits that will be traided on the open platforms and the value has a huge potential to increase.





8. COMPENSATION PLAN

Basic Compensation plan. How to build your career?


To succesfuly build your career levels you need to build your network on a minimum of 3 legs. Watch a video here to understand the basic requirements and benefits on how to build your career level:




What kind Commissions exist in the compensation plan


1) CASH BACK ( receive cashback on every purchase, between 1-30%) 2) SHOPPING POINTS FOR SHOPPING POINT DEALS (On average, for evey $50 of purchases you will receive 1 SP, and you can redeem it on average for a $10 discount on shopping point deals) 3) CAREER BONUS ( More shopping poins are created every month in your shopping community , the higher career level you are, and the higher is your Career bonus) You will receive the career bonus paid out into your bank accountt the Second Thursday of the month. The amount of the career bonus will depend on how many shopping points you have collected that month, and which career level you have achieved . CL 1 = $75 CL 2 = $300 CL 3 = $750 CL 4 = $1,800 CL 5 = $4,500 CL 6 = $12,000 CL 7 = $30,000 CL 8 = $75,000 4) CAREER COMMISSION For each shopping point created in your network you will receive an additional payout. If you are Career level 1, 2 or 3, this payout will be in the form of Shopping Points for your Balance program. If you are Career Level 4 and up this will be cash together with your Career bonus. The value of the points depends on your career level. Please watch the video about CAREER COMMISSION. 5) BALANCE COMMISSION Every day you will have more of your own units in the balance program. And each of these units will pay you balance commission. The amount of the balance commission depends on which category the unit was created. Payments of Balance commision are weekly. Balance category payment 1 $165 2 $495 3 $1,650 4 $4,950 5 $16,500
It is critical to understand the Balance program, so please watch the video. 6) BALANCE BONUS For each unit into your balance program you will also receive Shopping Credt that you can spedn for purchasing E-vouchers for any store. The shopping credt depends in whitch Balance Category the unit was created. Balance category payment 1 $600 2 $1,275 3 $2,400 4 $7,200 5 $24,000 7) TRANSFER OF UNITS Each of your units will be transfer to the next category when is paid out in the category in whitch it was created. So if the unit was created in the first balance categort it will pay out $165 Balance commision and $600 Balance bonus. Then will we trasnfered in the next categoriy till it is paid out in all 5 categories. Balance category payment 2 $495 3 $1,650 4 $4,950 5 $16,500 8) BONUS UNITS each of your units and also each of your bonus units will create 5 bonus units in a 100% passive income funnel. A bonus unit created in a nationla prograsm will be paid on units created form every marketer and shopper in the country. Itdoes not matter if he si part of your network or not. Evey unit created in COntinetal progrma will be paid out based on all people in the continent, and every unit in the Internationla progrms will be paid out form every member in the world. Each of your unit and aldo each of your bonus units will vreate 4 new bonus units in each category. When your unit has ceratin number of untis behind the unit in the balance program on each side of the prorgram LEFT/RIGHT you will receive a bonus unit And each of this Bonus units will pay you the BLANCE COMMISION in all 5 Balance categories. Left/Right Receive Bonus unit in : 5/5 National program 10/10 Continental program 15/15 Interantional Program 20/20 National program When you have 7 fo your units in your perosnal balnce program in category 1, and 3 units in category 2, and 3 units in category 3, and you are minimum career level 2 you will be able to place your units instead into your personal balance program, where they are paif form people in your network idirectly into National, Continental and Intrnational programs where they will get paid also if you do not have a network. 9) DIRECT AND INDIRECT COACH BONUS You will recevie 20% direct Coach bonus and 5% indirect Coach bonus. Coach bonuses are paid on success of your direct and indirect marketers earnings from theiir Balance Commisison. If your direct Marketer has earn as an exsample $100 this week from the Balance Commisison you wil earn 20% so $20. If your indirect marketer has earn $100, you will earn 5% that is $5. 10) MERCHANT MARKETER COMMISSION You will earn cash commission and SP for registering Businesses.
All the informations are available on the Merchant marketer section on this webiste. 11) INTERNATIONAL BONUS When you reach Career Level 7 or higher you will start receiving a monthly Cash bonus form the company profits.




where can i download the entire compensation plan ?


Click here to download a pdf https://www.mastersofcashback.com/compensation-plan-pdf There are many more documents that you can donwload ot the Lyconet backoffice - Click on your profile picture on the top right corner - Click on Downloads




Where can i learn about the Career Commission ?


Watch this video:




How many legs do i need to build for my Career ?


You need a minimum of 3 Legs, but we suggest you build as many legs as you can. It depends on the career level, but on average you can have 60% of your points from your strong leg and the other 40% split between a minimum of 2 other legs. It is better if you have more legs because you can split that 40% of the points through as many legs as you wish. Watch the Basic compensation plan video to understand the details. Here are some examples: For you to reach Career level 1 you need a total of 600 SP. The maximum you can take from your strong leg is 400 SP, so the other 200 you need to take form other legs. The maximum you can take from each of them is 100 SP. That means that you need to build your business on a minimum of 3 legs. Here is an example for Career level 5: You need in total 50,000 SP, but you can only take up to 30,000 of them from your strong leg, the other 20,000 need to be split in a way that you take a maximum of 10,000 from each leg.





9.COMPENASTION ELIGIBILITY

How to become Compensation Eligible?


You need to be a Marketer and you need to have a minimum of 50 Shopping Points every month. You can create 50 SP every month in 2 different ways: 1) You and the friends you registered as shoppers (not marketers) spend enough money every month in shopping, that you collectively create 50 SP. As you know, the number of shopping points you create depends on the store where you shop, but on average around $50 needs to be spent to create 1 SP. So on average, if you and your shoppers collectively spend about $2,500 per month on shopping, you will collect 50 SP every month and will be compensation Eligible. 2) You are automatically compensation eligible if you have an order of 1 Small Benefit Voucher per month, because each Small Beneift voucher gives you 100 SP.





10. REGISTERING BUSINESSES

How to become eligible to register businesses?


- You need to be a marketer with an active small benefit voucher order - Login to your lyconet website. - click on Benefit store - Scroll down to Merchant Marketer seminar and purchase it. Pay with Benefit voucher. - Click on Business - Click on Lyconet Academy - Start the Merchant Marketer certification test.




What kind of businesses can i register?


Only Small private own Mom and Pop, brick and Mortar Stores. NO online Stores-but you can refer them to corporate NO big chain stores




Do i get paid for registering for registering busineses?


YES! - It gets registered in your lifeline, so all the customers they register in the busienss wil be part of your network. - You get a Cash Commission when you register a business, ($80 or $500) depending on the package they decide. - You get Shopping points for your Career when you register a business ( 100 SP or 1000 SP) You get the cash commisions for all the businesses you register in a month on the following month, together with your career payments, on the second Tuesday of the month.




How to do a contract with a Merchant?


It is a simple 5 minute online process. Watch a video here:




What information to share with a Business owner?


The best thing to do is to invite them to our zoom calls so that they understand the entire bussines. You can also send them a link to the site that explains it and gives more detailed answers. Here is the link that you can share with them: https://www.mastersofcashback.com/merchant-program




Is there any corporate training for Merchant Marketers?


YES! The corporate office in the US has one online training for the Merchant Marketers every month. Join the Facebook page and get all the info https://www.facebook.com/Lyconet.US





11.ABOUT LYCONET APP AND BACKOFFICE

How to use Lyconet.com Backoffice


- go to www.lyconet.com - Login with your username and passord. Video will be available soon




How to use Lyconet APP


- Download the Lyconet APP on your phone. - To be able to use it you need to have an order of a Small benefit voucher. Watch the video here with all the features:




How to Fund your Lyconet account


- Go to your Backoffice - Click on the picture on the top right corner - Click on Funding options - scroll down to MAKE DEPOSITS USING Online Payment Portal - Click: Click here to transfer funds - Create an account , please use the same email as you are using for your membership. - Then log in and connect your bank account, and do the transfer. - It will take 4-5 business days before the money is in your account




How to find members in your Lyconet Backoffice


1) Finding shoppers that you have registered: - Click on LPR - Click on My Customers 2) Finding Marketers that you have registered: - Click on Business - Click on My Team If you would like to see all the marketers and all of the detailed production in your entire organization, you need ot have activated BIZ 2.0. This will be activated automatically if you order Business +, which you can do in the Benefit Store. Where to find BIZ 2.0? - Click on Professional - Click BIZ 2.0





16. TECHNICAL ISSUES

I do not see a mamber that i have registered in my Backoffice?


This happens when you send a registration link to a member and they go and register directly on the webiste or on the app without using your link. To resolve this you need to fill out this Data Sheet: And send it together with a photo of your Drivers licnese and a photo fo his drivers license to emial US@LYCONET.COM and CC to Matt@Mastersofachsback.com EMAIL SCRIPT: My name is .................. My Lycoent ID is..................... I have invited my friend ..................... to becoem Cashback member and have send him my registration link. But he has registered by mistale directly on the app without a refferal. In attacment you can find the DATA SHEET and the copies fo his and my Drivers license. Please add me as his refferal.




I forgot my Username or Password. What to do?


RETRIEVE USERNAME OR PASSWORD THROUGH EMAIL OR TEXT: - Go to www.Lyconet.com - Click Login - Click Forgot password or forgot Username - Choose if you would like to retrieve it through email or phone number. Please remember that if you want to retrieve it through Pnone number you need to enter the entire cell phone number starting with country code. The country code for US is 001. - Follow the steps. I DID NOT RECEIVE TEXT OR EMAIL, WHAT DO I DO? If you did not receive the email or Text with your Username or Password then you need to contact the customer support through email. Send an email from the same email account that you are using for Cashback. Send it to US@LYCONET.COM EMAIL SCRIPT: My name is ....................... My Lyconet ID is 001.000............. I have forgotten my Username and Password and was trying to retreive it through the automatic system but I did not receive an email or text with it. Please send my Username and Password to me on my Email.




I do not have a PIN. How to get one?


What is a PIN? You will need a PIN code which is a 4 digit security code if you want to pay anything with your benfit voucher, on any money that you have on the accounts. You will not need a PIN to purchase things with your credit or Debit card. How to receive a PIN? - click on the picture on the top right corner - Click Settings - Scroll down and you will see "send PIN" button. You can also find a button to receive PIN under the window where pin is requested when you are making your purchase. What to do if you did not receive the PIN with a text after you have requested it: Send an email from the same email account that you are using for Cashback. Send the email to US@LYCONET.COM EMAIL SCRIPT: My name is ....................... My Lyconet ID is 001.000............. I was trying to receive my PIN CODE through the automatic system but I did not receive it in a text. Please send the PIN to me on my Email.





15. GETTING PAID

Where do i add my bank account?


- Login to your Lyconet backoffice - Click on settigns - Click on Payment Details - Enter Account, routing and name on the account. IBAN and BIC live empty. - Click Save




Do i need to provide SSN or TAX ID to get paid?


YES! The first $600 you will receive without providing a W9 form. After that you will not get paid and the money will collect on your Backoffice till you do not provide a W9 form Download the W9 form here. https://www.mastersofcashback.com/w9-form - Add first and last name - Address - Choose sole propreitor - Enter you SSN ot TAX id - Add date - Sign Send with email to US@LYCONET.COM EMAIL SCRIPT: My name is ......................... And my Lyconet ID is: 001.000................ In attacment you can find my W9 form. Please apply it to my account and relesie may payments.




When do i get paid?


1) Career Commissions: The career commisions will be paid into your bank accoount the Second Thursday of the Month. That is one week after the end of production month. You should have tne money in your bank account on Friday. 2) Bllance commissions: Banace commissons ara paid every week on Thursday. 3) Merchant Marketer Commissions: Are paid together with the Career commision on the second thursday of the month for all the merchans that oyu have registered in previous month. 4) Cashback Cashback is paid every thursday . the minimum payment is $10, so if oyu did not collect $10 from casback it will accumulate till there is $10 and will be paid next thursday.




Where can i see my Earnings?


- On your locone backoffice click on the picture on the top right corner - Click my Benefits. - There you can see your commisions and can also download detailed reports.




Do i need to pay tax on my income?


Yes you are responsable to pay Tax. - In your backoffce click on Picture on the top right corner - Click on My Benefits - Click on Annual report and download it.




What to do if i do not have SSN or TAX number?


Open up an LLC and enter the LLC name and TAX id into your backoffice and the W9.





17. WORKSHOP RECORDINGS

Whare can i find recordings of pervious team Workshops?


Click here and you will find all the videos https://www.mastersofcashback.com/workshop-recordings




Where can i find recordings of special team Events?


Click here and you will find all the videos https://www.mastersofcashback.com/special-events-recordings





7. MARKETER TOOLS

Activate your Business + Pack


Go to Benefit store and pruchase the Business + Pack. the cost is $74/Month but you pay for it with your Benefit Vouchers. This tool is amazing because it activates BIZ 2.0 and My Site




With Business + you will have acces to BIZ 2.0. What is BIZ 2.0?


BIZ 2.0 is your Custoemer relationship management tool, where you can see every detail for every member in your entire organisation. You will receive this tool when you pruchase your Business + Pack in the benefit store.




With Business + you will have acces to My Site. What is My Site?


MySite is your personal registration link to send to people. It is much better then just the regular registration link because it has a 4 minute video, your personal contact information, youe pictures and it is in many languages. here is an exsample how My Site looks https://mysite.lyconet.com/Matt-Ferk-US/




Actvate your Marketing + Pack


Marketing + Pack is a tool that you can purchase and 100% pay with your benefit vouchers on your Beneift store. This tool gives you acces to Webinar Wolrd. This are webianrs in over 50 languages that you can share with prospects. You choose the webinar and send them a link. They can watch the webinar and register after the webinar directly under you. A perfect tool to grow your business with sharing the link on social media.





14. HOW TO CHANGE A REFERAL

How to do a change of refferal process fo existing CashBack member?


If someone is registered as a free CashBack member he can change the refferal only in he had no activities in the last 12 months. No shopping, no registration or anything else. to do that: - Register into the Cashback backoffice of that member - Click on the pucture on the top roght corner - Click on Setings - Scroll down and there you will see who is his refferal and tere will be a button change my refferal. The button will be there only if he did not use the app for the last 12 months, There enter your Lycoent ID and your emial. Then oyu Will receive an emial in the next 20 minutes saying that you need to click and confirm that oyu are exepting this member as your new direct member.




How to do a change of refferal proces of existing Lyconet marketer?


Requierements: - The marketer can not have any activites on the last 12 monhts. not even shopping. - The direct and indirect refferal fo the marketer need to agree that he can be moved - The marketer needs to fund hsi account with $54 and oyu as a new refferal need to have $54 in your account for processing fee. - You need to fill out this form: And send it together with photos of all 4 Drivers licenses ( member , you as the new refferal, previous direct refferal, previous indirect refferal) to US@LYCONET.COM and pease CC Matt@mAstersofcashback.com





12. HOW TO GROW MY TEAM

How to invite people to the call?


Do not explain anything. All you need to say is that you want their opinion on a project that you think is amazing, but you do not want to do a mistake and start a new project without their opinion.




How to build my team with the leads program?


Please check out section 15 about the leads program.





18. REQUEST FINANCING FOR BENEFIT VOUCHERS

How can i get money to purchase more Benefit Vouchers?


click on the link and learn more https://www.mastersofcashback.com/get-finanacing





13. LEADS PROGRAM

What is LEADS program


Our team is purchasing High Quality leads about people in the US who have search for home Based Business/Oportunities through last 30 days. We are purchasing leads from one of the largest companies in the US who sells customer data. We receive name, adress, Email and Phone number. Then we send out emails to this people and some of them register and become marketers. We also offer as an additional option to send out Text massages. You can particiapte the way that you can purchase some of this leads and that way this people will be registered as your direct member.




How much thas it cost and how do i order?


We have negotieted a deal with the company that is selling this high quality leads. The regular price is $0.23 per lead. But we got a price down to $0.14 Per lead. Minumum what you can purchase is 1000 Leads for $140. Payment options: ZELLE : account phone number 646 662 7303 PAYPALL: account emial: Info@Funadventureclub.com CASH APP: Account phone 646 662 7303 VIMEO: Matjaz Ferk




What can i ecpect and what is the process?


How does that work? When you purchase the leads our team creates a Emial campaign in your name and send out a blast emial to all this people. This emial includes: -basic information about the CB program. - A short video about the project - Your registration link, so people can register under you. - Link to 14 minutes video and Q& A Section. - Invitation link and schedule for our online presentation on zoom We send to each of them 5 differede emials through a period of 14 days. After the campaign is created and send we send you will receive an automatic report from the system where you can see how many emails where send and how many where delivered. What ot expect? This is impsible to predict. The industry average is that about 90% of emials get delivered, About 4% get opened and about 0.4% results in registration.
But hhe calcualtion is simple. If 1 Perosmn becomes a marketer that is 1/3 of whay you need to be succesful. So sooner or later if oyu go throuhg enough leads you should build enough legs to build your entire business.




What is the TEXT leads program and how can i pariticpate?


Whe you purchased your leads you already have all the phone numbers. Now you can use any of the text messeging paltfroms that exsit our there. the use Call Multiplier. If you do in allone Call multiplier charges $140 per 1,000 phone numbers/ month. Or you can do it through us who have purchased a 100,000 capacity and got a deal of $80 per 1000 phone numbers per month. How do i order that? The same way ads the leads , just send the money in put in the notes for texting. In each case you do not need the system for more then 1 month. So actualy your cost woudld be $80 per 1,000 phone numbers. And each of this phone numbers would receve 5 text messages during a period of 14 days.





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