Accelerator FAQs
How will you fund $6,000 in Free Product & Service Rewards for each Accelerator?
We are creating a total of 3,960 part-time BIGShift Parent Teams across Canada.
Each of these Teams will be comprised of 1 Parent Team Leader and 10 BIGShift Parents.
Importantly, each Team Leader will also be a BIGShift Parent - who is enrolled in our cost-free Coaching Program; and who leads their BIGShift Team in order to earn enough EXTRA income (in just 3 to 6 hours per week) to complete their own baby's BIGShift.
With the help of their Area Vice President and our central Category Marketing Group, each Parent Team Leader will begin by signing up 2 BIGShift Members, at a one-time cost of $442 (plus HST). Each Member will also receive 3 BIGShift Benefits worth substantially more than the one-time cost of their membership.
Next, Parent Team Leaders and our central Category Marketing Group will help each Team Leader's 10 BIGShift Parents sign up 74 BIGShift Members.
We will set aside $20 of the $442 proceeds from each Team's first 300 Memberships - in order to fully fund the Free Product & Service Rewards for all of our Accelerators.
Each Team's first 300 Members represents just 40.5% of the 742 Members they will sign up, over the next 12 months.
Awarded Chronologically
Accelerators will receive their $6,000 in Free Product & Service Rewards, according to the chronological order in which each became an Accelerator.
So, Accelerator #1, will receive their $6,000 in Free Product & Service Rewards - first.
Next, Accelerator #2 will receive their $6,000 in Free Product & Service Rewards - second; and so on - until all 4,364 Accelerators have received their Free Product & Service Rewards.
Using Your Rewards
When you 'spend' your Free Product & Service Rewards, we will promptly pay each vendor its full-price for the products and services they provide to you.
How will you operate several ZERO-Fee Investment Funds without charging fees of any kind?
Unlike conventional Fund Managers, who are in business to earn a profit from the fees they charge investors, our business model is different.
The purpose of our ZERO-Fee Funds is to make it as inexpensive as possible (Free) for babies (and their parents) to achieve their retirement savings goals.
And, because babies have much longer investment horizons, the impact of any fees they are required to pay is magnified, as compounding has considerably longer to affect their capital-accumulation.
As just one example, in the scenario where (with our help) a parent helps their son or daughter FINISH investing for retirement by their child's 3rd birthday (by investing for them $13,382 per year, for 3 years), if their child pays ZERO in fees, they should accumulate $10,000,272 by age 65 (assuming the S&P 500 averages a total return of 9% per year, which is less than what it did over the past 65 years).
However, if their child is required to pay just 4/10ths of 1% in fees, they will accumulate only $7,901,979 (again, assuming the S&P 500 averages a total return of 9% per year, which is less than what it did over the past 65 years).
The seemingly insignificant .4% in fees will COST the child $2,098,293 in retirement savings.
Even more significantly, these fees will COST the child $188,293 PER YEAR in retirement income.
So, if they live to age 89, the seemingly-insignificant 4/10ths of 1% in fees will cost the child a total of $4,532,312 in retirement income.
To be able to comfortably afford to operate our own ZERO-Fee Funds, we will also operate a small number of other 'for-profit businesses'.
So, the BIGShift Group of Companies - as a whole - will be profitable, even though we will subsidize the operation of our ZERO-Fee Funds with profits from our other businesses.
Think of the BIGShift Group of Companies as an orchestra. Not every instrument, on its own, needs to generate a profit. Instead, what matters is: that by working closely together in economic-concert, the entire orchestra is profitable.
As you'll discover if you dive deeper into our business model, we operate 3 groups of businesses:
(1.) 'ZERO-Profit businesses', including our ZERO Fee Funds and cost-FREE Coaching Program for parents;
(2.) 'Partial Profit businesses' such as our Real Estate Brokerage and Mortgage Brokerage (which we will operate to to enable us to provide Free Product & Service Rewards, to drive market share to our Full-Profit businesses; and
(3.) 'Full-Profit businesses' which produce the lion's share of the profit for the BIGShift Group of Companies, and are therefore instrumental for orchestrating & sustaining the BIGShift.
We are happy to answer any questions you may have, and invite you to call us at 647-846-0300 ext. 800 - or email us at Accelerator@BIGShiftCanada.com
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