General Advice Warning: The information on this site is of a general nature only. 2 A definition of Adjusted EBITDA and reconciliation to net loss is at the end of this release. While ranks and income will vary from person to person, well outline the different rankings in Beachbody coaching and look at the compensation for each rank. 2017 Arbonne IDS; 2018 Arbonne IDS; 2019 Arbonne IDS; 2020 Arbonne IDS; 2021 Arbonne IDS; Pure Romance IDS. This is shown in the diagram below: Our hypothetic Emerald BeachBody Coach shown above would qualify for a team cycle bonus. Remember, it's so much easier to email or call the Compliance department and ask a question first, than have to scramble to fix any errors. 24 Hours to Improving Income Disclosure Statement Beachbody. Kim & Kalee Sorey have helped 1000s of women look and feel their best and are Elite Beachbody Coaches. endobj _2J^]S\.2. We should note that this table only includes those who remained enrolled in Beachbody for the entire year of 2019. Makingmanaginmoney.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com. As in any independent business, the level of success or achievement of each Team Beachbody Coach is dependent upon the commitment, skill level, drive, and desire to succeed of the individual Coach. Looking at the Beachbody income disclosure, we can assume that most of the coaches who earned no commission did not renew their enrollment for 2020. One of the most common mistakes a Coach can make is to include our brand names or other protected terms in their URL or social media account name (i.e. In addition, no matter what amount of income you are earning as an Independent Beachbody Coach, you may not reference specific dollar amounts in any content you share. While it's tempting to post pictures of cash or new cars, or talk about how people are making thousands or millions of dollars, it is important to remember that a Coach may never make any statements about or promises of guaranteed income (for example, "join me today and you'll be making over $1,000 per week in your first month!"). The requirement to remain active may not seem like a big deal, but we see it as Red Flag 3 - Pay to Playin the MLM evaluation system. Take time to study and sample the products before you pre-pay for your exercise regime and dietary supplements. A monthly charge of $15.95 will continue to keep your status as a coach. So wed like to believe them, but we also cant confirm the real BeachBody retail commissions. Selecting the value will change the page content. Based on the traffic from our Beachbody opportunity review, weve decided is was time to do a write up about How Much Can You Earn As A BeachBody Coach. Allow about 2 weeks for delivery. Save my name, email, and website in this browser for the next time I comment. A Diamond coach has an Emerald coach on each leg like ruby, but they also have 6 other personally sponsored coaches (of any level). Please review more about this policy in Section 4.2 of the Team Beachbody Coach Policies & Procedures. The reason dates back to the 1979 case of Amway vs the FTC. Common stock, $0.0001 par value, 1,900,000,000 shares authorized (1,600,000,000 Class A, 200,000,000 Class X and 100,000,000 Class C); Class A: 170,263,772 and 168,333,463 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively; Class X: 141,250,310 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively; Class C: no shares issued and outstanding at June 30, 2022 and December 31, 2021, Total liabilities and stockholders equity, Change in fair value of warrant liabilities, Net loss per common share, basic and diluted, Weighted-average common shares outstanding, basic and diluted. Yet, the average income was $15,800 while the low income was $360, but at least 50% of the coaches make $0. Beachbody is a Multi Level Marketing (MLM) Company that was founded in 1998 as a direct marketing company (which is another way of saying MLM). The agreement also includes the option for Beachbody to borrow up to an additional $25 million, subject to the terms of the credit agreement. This policy is more commonly referred to as you plus two. As an Emerald Coach, the team cycle bonus would be $14. The Beachbody Company is the parent company of the Beachbody On Demand streaming platform (BOD), including the live digital streaming subscription BODi and the Beachbody Bike powered by MYXfitness, the Company's connected indoor bike. In fact BeachBody allow you to qualify for up to 96 team cycles per day! Before I met Kim & Kalee about 6 years ago, I had hit a plateau and felt very frustrated. This rule is common with the Binary MLM model. Accordingly, actual results could differ materially due to a variety of factors, including: our ability to effectively compete in the fitness and nutrition industries; our ability to successfully acquire and integrate new operations; our reliance on a few key products; market conditions and global and economic factors beyond our control; intense competition and competitive pressures from other companies worldwide in the industries in which we operate; and litigation and the ability to adequately protect our intellectual property rights. The system is designed to promote and sell products. You also get a 10% weekly team cycle bonus (10% of whatever your Emerald coaches earn in team bonuses.). Second Quarter Results Show Significant Sequential Improvement in Profitability, Reduced Cash Usage by More than $30 Million Compared to First Quarter 2022, Strong Growth Compared to 2019 Pre-COVID Baseline: Total Digital and Nutritional Subscriptions +26%, Average Digital Retention +40BPS, Total Streams +22%, DAU/MAU +140BPS. The 1/3 rule means that it is possible for your strong leg to accumulate substantial amounts of TV without you earning any cycle bonuses. Coaches may offer incentives to their team, however cash incentives in any amount are not permitted, or any other incentive, gift, or promotion focused on the recruitment or enrollment with a certain Coach, as provided for within Section 5.2.1 of the P&P. We believe that the best sales people are the ones who are also customers and as they say are a 'product of the product'. You can also earn 40% commission if your customers purchase a Beachbody on Demand membership. To ensure the most secure and best overall experience on our website, we recommend the latest versions of, https://investors.thebeachbodycompany.com/, https://investors.thebeachbodycompany.com, Connected Fitness Units Delivered (in thousands), Preferred stock, $0.0001 par value; 100,000,000 shares authorized, none issued and outstanding at June 30, 2022 and December 31, 2021. If we start with the small print at the bottom of this document, we will see that the information is only based on the 42.91% who received any commission. This is a common term used in the sales industry. Always show fellow Coaches and customers respect. A replay of the call will be available until August 15, 2022 by dialing (866) 813-9403 (U.S & Canada), or (929) 458-6194 (all other locations). We had a look at a review of Shakeology by the certified nutritionist at Ancestral Nutrition. According to research, if a MLM raises 4 or more flags then you have less than 1% chance of making a profit. eplank@beachbody.com, Beachbody Company Second Quarter 2022 Results, Internet Explorer presents a security risk. This increases to $16 if you reach the rank of 'Ruby', and $18 if you are at the Diamond levels. Some Beachbody programs include, Insanity, Brazil Butt Lift, Hip Hop Abs, P90X, and many more. Those that are losing money are directly increasing the earnings of those in the uplines. While they may tell you how good the drink is, you should also remember that they will make money if buy Shakeology. Therefore, it is safe to say the majority of Beachbody coaches do not make any money. Changes in operating assets and liabilities: Cash paid for acquisition, net of cash acquired, Remittance of taxes withheld from employee stock awards, Business combination, net of issuance costs paid, Net cash provided by financing activities, Net (decrease) increase in cash and cash equivalents, Cash, cash equivalents and restricted cash, beginning of period, Cash paid during the year for income taxes, net, Property and equipment acquired but not yet paid for, Class A Common Stock issued in connection with acquisition, Fair value of Myx instrument and promissory note held by Old Beachbody, Deferred financing costs, accrued but not paid, Business Combination transaction costs, accrued but not paid, Net assets assumed in the Business Combination, Amortization of capitalized cloud computing implementation costs, Inventory net realizable value adjustment (1), Restructuring and platform consolidation costs (2), Total revenue was $179.1 million, a 20% decrease compared to 2021 and a 3% decrease compared to 2019, Digital revenue was $78.0 million, a 17% decrease compared to 2021, Digital subscriptions were 2.28 million, a 16% decrease compared to 2021 and a 35% increase compared to 2019, 95.6% month-over-month average digital retention, a 70-basis point increase compared to 2021 and a 40-basis point increase compared to 2019, 31.0 million total streams, a 30% decrease compared to 2021, and a 22% increase compared to 2019, 30.0% DAU/MAU, a 190-basis point decrease compared to 2021, and a 140-basis point increase compared to 2019, Connected Fitness revenue was $10.6 million, compared to none in 2021, Approximately 8,800 bikes delivered in the second quarter, On a pre-merger basis, Connected Fitness revenue was $11.0 million in Q2 2021, with approximately 10,200 bikes delivered, Nutrition and Other revenue was $90.5 million, a 30% decrease compared to 2021, Nutritional subscriptions were 0.28 million, compared to 0.42 million in 2021 and 0.34 million in 2019, Net loss was $41.9 million, compared to a net loss of $12.4 million in 2021 and net income of $19.6 million in 2019, Total revenue of $150 million to $160 million, Adjusted EBITDA loss of $15 million to $20 million. Adjustments to reconcile net loss to net cash used in operating activities: Provision for inventory and net realizable value adjustment, Realized losses on hedging derivative financial instruments, Gain on investment in convertible instrument. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Log into your BODiaccount and follow this path: My Account > Account Settings > Account Address > Edit. The best information we could find right now is is the 2019 BeachBody Income Disclosure. Statement of Average Gross Compensation 2021 What is the Team Beachbody Coaching However, this is before taxes and money spent on Beachbody products. Coaches will find references to social media and other matters of online conduct throughout the P & P, including, but not limited to Section 3.2.9. Depending on how active the people above you in the network are, you might end up having a lot of extra Coaches placed on one of your CBC legs. 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