As we start a New Year together with our distributor partners, we have made a few changes to our Incentive Programs. Out with the old and in with the new! Here are the guidelines for the 4 Incentive Programs available to our Goldstar distributors in 2019:

Seco Growth Incentive Program
Focused on growth, will remain as it was in 2018. You will receive 5% back on all purchases over the growth target, regardless of product category.

Solid Tools First Incentive Program
As in previous years, this program will include all Solid Tools purchases (Jabro and Niagara), even regrinds. However, we removed the D42 kicker (focused on Niagara General Purpose End Mills) for 2019, leaving only one target. Once you reach the target, you will receive 2% back on all solid tool purchases made through the year.

Turning Incentive Program
The payout will remain $0.15 for all insert purchases in the selected categories (A41, A42, A43, A61, A81) once you reach the target. This program is still measured in pieces, not in dollar value. Seco recommends awarding 60% of the total payout to distributor sales personnel.

GoldStar Integrated Supply Conversion (GSIS)
Valid for a maximum package of 5 selected integrated accounts, the GSIS program payout now is calculated based on the collective performance in all 5 accounts (vs. individual performance in each account). The growth target is 10% over the combined total 2018 sales of all 5 accounts and the payout will be 10% of combined sales over growth target. The accounts included in the program will be selected jointly between the distributor and Seco. Our GSIS Incentive Program is the only program that requires a signed agreement. The final signup deadline is March 1st, 2019. Seco recommends awarding 25% of the total payout to distributor sales personnel.

If you have any questions about our 2019 Incentive Programs, please contact Anouck White or Scott Hecht.