Wednesday, January 18, 2017

Is PhytoScience just more stem cell pseudoscience?

Pseudoscience, nutritional supplements, and life transformations, all wrapped up into one outdated website. Sound familiar?

Welcome to every mediocre MLM.

PhytoScience, a network marketing company that launched in Kuala Lumpur, Malaysia in 2012, checks each and every one of these off the list. But they’ve actually done quite well.

Does this mean I’m involved?

This video explains everything:


Make sense? Either way, here’s the full review on PhytoScience.

Overview

PhytoScience sells plant stem cell products that fight aging, although their particular products are not backed by scientific studies. Their website still has goals listed from 2015 as their vision statement. [1]

Did they ever hit those goals? No one knows, because apparently they haven’t updated their website in over a year.

However, we do know that by 2015 their monthly sales had already hit RM40 million, or little over $9 million in USD. Pretty big numbers for a company that just opened shop a few years ago. [2]

You’d think a multi-million dollar company could afford a better website. If you go to the PhytoScience website, it’s littered with all kinds of cheesy catch phrases and buzzwords.

For example, they call themselves the “TrendMaker”, claim “we’re in the business of life transformation!”, and their website welcomes you with all kinds of annoying pop-ups and unwarranted music.

They even use 4 words that all start with the same letter to explain their mission. Of course they do. Their “4 Ps” are…

Produces, Plan, Platform, and People.

Not exactly revolutionary.

They were founded by a husband and wife team, Puan Sri Datin Sri Ela Tan and Tan Sri Dato Sri Lai Teck Peng. Dato Sri Lai, the company’s founder and President, has over 26 years of experience in network marketing, mostly in leadership and operational management positions.

Dude has even been bestowed an honorary title by his Royal Highness, the Sultan of Pahang. Bucket list – check. [3]

The couple recently just founded another company called Trendmaker in Singapore to take PhytoScience international. Trendmaker owns a 100% share in PhytoScience. [4]

Trendmaker was already named a prestige winner of the SME100 Awards, which is an annual award program held be Entrepreneur Magazine that identifies the fastest growing small and medium enterprises in Asia. [5]

The awards look at things like growth, turnover, profit, and market share, as well as “resilience”, which is measured by sustainability, best practices, and a company’s vision. Altogether, winning the award is a good indicator of how well your company is doing.

Products

PhytoScience sells health and wellness products reverse aging using stem cells extracted from a rare apple tree by Swiss scientists. [6]

Weird science? Check.

Rare plant or fruit? Check.

The inclusion of a European country for added legitimacy? Check.

A pill that makes you look and feel hotter? Check.

Sounds like a wellness MLM if I’ve ever seen one.

Their products come in two forms: nutrition and skincare.

Double Stemcell is their signature product, a 100% natural nutritional supplement made from the apple plant extract. They also throw in some stem cells from grapes (not just any grapes, grapes from Burgundy), acai berries, and blueberries.

Aside from nutritional products, they also sell stemcell-based skincare products called Triple Stem Cells Age Defying Solutions. These use the apple stem cells and grape stem cells, along with stem cells from the argan tree, chrysanthus flowers, and sunflowers.

They do have some credentials to back their products, at least.

Studies done by Credence Research show that plant-based stem cells can help with skin rejuvenation, weight loss, wrinkles, and skin hydration. Other than lilac and edelweiss, the studies show that the “magic apple” (presumably the one used by PhytoScience) is one of the most popular and effective plants for stem cell nutritional products. [7]

The report also shows that sales in the plant stem cell market are expected to quadruple by 2022, so the demand is definitely there.

However, the “Swiss scientists” researching and developing PhytoScience products aren’t exactly unbiased researchers. Mibelle BioChemistry, the company that locates and extracts the stem cells for PhytoScience products, is actually a cosmetics ingredients company, so they stand to profit from selling these plant stem cells whether or not they’re scientifically proven. [8]

Opportunity

The opportunity and compensation as explained on their website are vague, to say the least, but that’s to be expected.

There are four ways to earn with PhytoScience:

  1. Sponsor Bonus
  2. Pairing Bonus
  3. Unilevel Bonus
  4. Matching Unilevel Bonus

However, with no description of what commission might be or how exactly these bonuses are structured, this basically means nothing. [9]

They also state that you don’t need anything to start – no membership or expensive investment. But you do need to select your preferred starter package, which implies a cost. No more details are given.

Recap

The compensation plan is virtually non-existent on the internet, which usually means it’s not great. The products aren’t bad though.

Even though the science behind their products is questionable, there is some evidence backing stem cells from this “magical” apple tree.

More importantly, for you money chasers, there’s evidence that the market for these products is going to skyrocket in the next few years regardless of the scientific claims.

That being said, who’s going to be profiting off this growing market when it comes to MLM?

You know the answer, and it’s likely not you. It’s the CEOs and the top .001% of distributors.

—

Look, as I’ve shown throughout this review I’m far from a PhytoScience hater. But they’re still an MLM and those have a nasty history of dropping off just a few years after being the next hottest thing.

I’m not saying it would be impossible to make money, but statistics would indicate the odds aren’t in your favor.

But if you like automated ways to build passive income, there are better ways.

(and you can trash those old MLM habits, too)



from MLM Companies

Tuesday, January 17, 2017

Is Power Lead System another useless affiliate program?

Want to start your own business and get rich, but you’re not sure how to get started?

Luckily for you, Power Lead System will sell you an entire business in a box.

These “business in a box” get rich quick gigs may be everywhere on the internet, but Power Lead System has actually done quite well in recent years.

Does this mean I’m involved?

This video explains everything:


Make sense? Either way, here’s the full review on Power Lead System.

Overview

Power Lead System (PLS) is a membership program that provides access to the “most powerful marketing tools today”.

They started their pre-launch in 2013, so they’ve only been around for a few years. Although, a few years is plenty of time to create some buzz, and they really haven’t done that for themselves yet.

The first thing I noticed while researching this company is that I couldn’t find their actual website. When you Google their company name, almost the entirety of the first page is affiliate links. [1]

Most of what does come up is very poorly designed and confusing websites from their affiliates. This tells me two things:

  1. The company doesn’t provide any substantial information to non-referral link visitors, meaning they are very affiliate-heavy.
  2. The lead pages they sell are nothing special (presumably these affiliates are using the company product to create their poorly designed and confusing affiliate sites).

I digress…

Power Lead System was co-founded by Neil Guess and Michael Price. Neil Guess’s only network marketing experience was as an affiliate at mobile communications MLM Solavei.

Michael Price is the marketing brains behind PLS – he founded the Priceless Possibilities Marketing Platform through which PLS runs. He’s been running Priceless Possibilities since 1996, so at least one of them has a good amount of experience. [2]

So, basically, Neil Guess took Michael Price’s marketing system and turned it into an MLM.

Product

The product they sell is essentially the Priceless Possibilities Marketing Platform.

It’s an all-in-one marketing platform that can be used for everything from network marketing to affiliate websites to e-commerce to offline business. The system itself has been around for 2 decades now, so it’s probably trustworthy.

The system allows you to easily create…

  • Lead capture pages
  • Lead responders
  • Floating capture forms
  • Video postcards
  • Google hangout pages
  • Sales funnels

You can choose from pre-designed lead pages, or you can create your own, and you get an unlimited amount. [3]

The lead pages are optimized for mobile (it’s 2016, I would hope so), and include video capabilities and a library of full-screen background photos and videos.

You also get a contact management system, ad tracking, unlimited sub-domains, and SEO keyword tools.

On top of all these tools, they also provide internet marketing training. There are live weekly webinars and hangouts as well as a training area and a customer support team.

The membership as a customer only (meaning you won’t make any money as an affiliate) is $30/month.

Honestly, the price isn’t bad at all, but it’s unclear how much value you get from the product as a customer. At least some of the perks and features are available only to affiliates.

Compensation

It costs $53.97/month to join as an affiliate. Supposedly, the added cost will bring you added product value, but most of the additional cost is just a charge for the rights to resell the product.

They plan to offer a Premier plan that will cost $150/month for affiliates as well. The added value of the product itself is unclear, but the founders do state that it will allow you to make additional commission off other Premier members (commission that is not available to regular affiliates). [4]

They offer perpetual one-up commissions. Basically, this structure means that you pass up your commission every so often to the affiliate who recruited you.

You get a $20 commission on your membership sales. However, with their compensation plan, you pass up commission on every second sale for your first 10 sales, and on every 5th sale thereafter.

So, commission on your 2nd, 4th, 6th, 8th, 10th, 15th, 20th sale and so on would go to your sponsor.

This means your downline is also passing up the commission on their 2nd, 4th, 6th, etc sales to you.

Additionally, they offer a 50% match bonus (but only for non-retail customers). This means you get a 50% matching bonus on the downline commission of all your personally sponsored affiliates. If one of your personally sponsored affiliates sells a membership, they get $20, and you get $10.

For this reason, PLS is able to say that they pay out 100% commission.

You make no commission on affiliate fees ($23.97), because this is where the company itself makes all their profits. So, basically, PLS is relying 100% on affiliate fees to survive…that’s about as affiliate-heavy as it gets, which puts them in dangerous territory.

Recap

Once upon a time, this product probably had value.

However, solid information on this new version of the company is hard to come by. Their affiliate’s websites are far from impressive, and they appear to be relying 100% on commission. There’s no evidence to suggest that customers are making any money off their actual product.

Cairo is calling and they want their pyramid back. 😉

As we all know, when a company is structured this way, only the very few at the top of the pyramid ever see any good money. This is just another one of those cases.

—

As I’ve shown throughout the review, I’m not a PLS hater. But when it comes to making money on the internet, there are better ways to spend your time.

If you like automated ways to build passive income, there are better opportunities.

(and you can trash those old MLM habits, too)



from MLM Companies

Monday, January 16, 2017

How Jonathan Budd finally gets it right with Solur

Network marketing usually conjures up images of stay-at-home-moms holding makeover parties with their friends, fitness freaks selling smoothies that are “guaranteed” to make you lose 20 pounds in 10 days, and burnt out careerists pushing the latest miracle fruit that’ll make you live past 100.

Solur is a little (a lot) different – at least in this regard.

These guys push solar panels, and they’re pretty hot right now. Does this mean I’m involved?

This video explains everything:


Make sense? Either way, here’s the full review on Solur (the company).

Overview

Solur’s website starts out with a ticker showing that they’ve sequestered over 5 million pounds of CO2 and counting, as well as a bold statement:

“We’re putting solar panels on 2 million homes by 2025. And we will pay you $1,000,000,000 to help us do it.”

They go on to state:

“The greatest transfer of wealth in history is happening right now as society trades dirty energy for a sustainable future. Powur gives you the chance to be part of the solution and create the life of your dreams.”

Pretty visionary, if it all turns out to be true.

The company operates out of – surprise – California, the hippie motherland.

They’ve got some HUGE partners too who have funding billions of dollars worth of solar projects with them. Google, Goldman-Sachs, Honda, Citibank, U.S. Bank…this is some Forbes level A-listers.[1]

It was started by network marketing whiz-kid Jonathan Budd. Dude is young but powerful. He started in network marketing at the age of 21, and within 3 years of navigating that world, he started a multi-million dollar company.[2]

He has one of the largest followings in the direct sales world, including 90,000 fans on Facebook. He built his first MLM up to 1,000,000 reps in a mere 78 days.[3]

Dude knows how to start a company and get rich, for sure. But do his followers?

Well, let’s take a closer look at this serial entrepreneur’s previous companies.

He founded Rippln a while back, which lasted barely a couple years before it totally tanked. They weren’t able to raise capital from investors (probably because they saw through the pyramid scheme), and they also came under attack from a trademark lawsuit.[4]

As he states on his fan page, Jonathan Budd doesn’t let obstacles and struggles stop him. A new company with his name attached to it, MyStand, started up a brand new company within months of RippIn’s failure.[5]

It very easily could have just been RippIn version 2.0, but we’ll never know, because no one ever heard anything more about the company past its initial launch announcement back in 2014.

So, not the best track record, but everyone can start over, right?

Maybe the third time’s the charm.

Product

Solur is a solar energy MLM, but to say that their product is solar panels is misleading.

They partner with SolarCity, a publicly traded world leader in solar technology. SolarCity manufactures and installs the solar panels, and their co-founder is no other than Elon Musk himself.[6]

So, Solur technically doesn’t have a product of their own. They do the lead generation/network marketing for another solar energy company.

SolarCity isn’t currently operational in all 50 states – only Arizona, California, Colorado, Connecticut, Delaware, Washington, D.C., Hawaii, Maryland, Massachusetts, Nevada, New Hampshire, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Texas, Vermont, and Washington. They have plans to continue expansion.

Already, they’ve installed in over 300,000 homes in the U.S., and they represent 40% of the residential market share, making them the #1 solar company in the world.

However, SolarCity is infamous for having a negative cash flow. They’re deep in debt…$3.246 billion as of June 30 to be exact. And it’s gone up since then.

Although after merging with powerhouse company Tesla, Elon Musk himself has vowed to pay SolarCity’s debt if need be.[7]

Still, they could be on shaky ground.

Opportunity

You might have noticed above that I mentioned lead generation.

That’s because, as a “distributor” for Powur, you don’t actually have to sell a single thing. Your customers never have to hand over a dime for you to get paid.

All you’re doing is getting people to sign up for a free proposal from SolarCity. SolarCity handles the entire sales process from there.

However, you do only get paid once the leads turn to an install, so in the end, your leads have to be quality enough to convert.[8]

Still, this takes a lot of the leg work out of network marketing. No product, no autoship, no closing sales and processing payments.

They boast not having a registration or membership fee to join as a “Powur Advocate” but, of course, to make any real money or training (which you really need in this industry), you need to upgrade.

A “Solar Certification” offers additional training and opportunities for $199.

However, there is lots of talk that it actually costs $500 to join and gain access to full compensation. WOW, that is quite a price tag. Since the company doesn’t have a product of its own to profit off of, I guess it has to really rely on membership fees from its distributors to make any money.

Not a very sustainable plan.

I also don’t like how shady their website is – not a word on how much it really costs to join, and no mention of what the compensation plan looks like either.

You need three qualified leads to be eligible for commission, which will get you a one-time payment of $75. After that, when your personally recruited members bring in three qualified leads, you get another $75 payment.

They pay out a 20-year residual for your customers (as long as you’re active), which is pretty good. Residuals are paid through a uni-level plan, and you get $100 for every 3 qualified leads. There are pass ups incorporated as well.

For every contract one of your leads signs, you get $250 – half paid upon signing of the contract, the other half upon installation. There are also rank bonuses and differential bonuses involved.

Recap

Honestly, despite a sort of shady past, this MLM is partnered with a solid company and offers a decent compensation plan. They also cut out a lot of the BS involved in MLM, from home parties to autoship.

But they replace some of that noise with the fact that you have to get people to sign up for a solar panel proposal AND hopefully sign a contract with SolarCity.

Even if you’re not actually closing sales, you’re gonna need some pretty baller sales skills for that. I mean, would you be easily convinced to give up your Saturday to listen to a sales pitch about solar energy?

What’s more, if you rely on a network of family and friends, that network will run dry real quick. After that, where do you go, without a real product to sell?

A lot of reps resort to door-to-door sales. Most people don’t have the stomach for that, and for good reason…it’s pretty much dead and completely unwelcome in the United States.

—

While the solar industry has shown no signs of losing popularity, you have to remember that this company is still an MLM. They have a history of getting hot and then falling off a few years down the road.

If you like automated ways to build passive income, there are better ways.

(and you can trash those old MLM habits, too)



from MLM Companies

Sunday, January 15, 2017

How Primerica’s founder built the first successful life insurance MLM

Primerica has an unusual sales strategy for its industry, and an unusual industry for its sales strategy.

That is to say, life insurance isn’t a typical MLM product, and direct selling isn’t a common method for selling life insurance.

Does this mean I’m involved?

This video explains everything:


Make sense? Either way, here’s the full review on Primerica.

Overview

Primerica was founded in 1977, went public on the NASDAQ in 1983, and recently split off from their parent company Citigroup in 2010. They’re now headquartered in Duluth, Georgia. [1]

According to Forbes, Primerica founder A.L. Williams, began his career in life insurance when his father died and their whole life insurance plan ended up being worthless. He was distraught by the poor options for life insurance and lack of knowledge regarding those options among the mainstream population.

Basically, back in the 70s, companies were pushing expensive whole life insurance policies on Americans who didn’t have a lot of financial knowledge, convincing them that it would not only protect their family in the event that they die, but that it was also a very smart investment. Whole life insurance pays out no matter what, accrues interest over time, and you can even take out loans against it, whereas term life insurance only pays out if you die within the policy’s term (10 years, 20 years), and it has no cash-in value.

So, it sounds like term life insurance is throwing your money away, and whole life insurance is investing it.

But here’s the thing: term life insurance is super cheap…like, a few dollars a month cheap. Whole life insurance is very pricey, often in the hundreds, and a lot of these predatory companies promised lifetime payout but found loopholes to get out of paying out once the insured person actually died. Exactly what happened to A.L. Williams when his father died.

So, he started Primerica (first called A.L. Williams & Associates) as a life insurance and financial services company that would serve Main Street America. Their slogan, “Buy Term and Invest the Difference” and their focus on educating mainstream America about their options caused many people to leave their whole life insurance policies and buy into this new term life insurance company. [3]

Pretty quickly, they grew to become the largest seller of life insurance in the U.S., and they really did transform the industry. [4]

Now, Primerica is the largest independent financial services marketing organization in North America. [5] Operations extend throughout the U.S., Canada, nad Puerto Rico. Their revenue in 2013 hit a whopping $1.27 billion, and their total equity is $1.34 billion. [6] [7]

They’ve also got insane profit margins – in 2014 they hit over 14% net profit. The average net profit margins for the insurance industry? 4-5%, if you’re lucky. [8]

Primerica started out with a great mission that transformed the industry, but a lot of their success has been due to the way they treat their employees and agents (distributors). Right off the bat, A.L. Williams knew that his sales people would be the life blood of his company, and he places a huge emphasis on “pushing up” his employees by holding weekly video conferences with them and speaking to each one of his hundreds of thousands of agents personally.

It shows, too. Their employee reviews on Indeed are extensive, and with 1.3k reviews, they still manage to maintain a 4-star rating. [9]

Products

Primerica’s life insurance and financial services products include:

  • Term Life Insurance
  • Mutual Funds
  • Segregated Funds
  • Annuities
  • Manages Accounts
  • Long Term Care Insurance
  • Legal Services
  • Auto Insurance
  • Homeowners Insurance
  • Credit Monitoring
  • Debt Management Plans

I won’t bore you with the financial details of each and every product, but I will talk a little about some of their more popular products.

Term Life Insurance

This is the product they’re most known for. Their term life insurance plans are reasonably affordable, and they were given an A+ superior rating by A.M. Best, a rating only the top 15% of life insurance companies achieved. [10]

In 2015, they paid out a total of $1.2 billion in death claims, and 92% of their claims were paid within 14 days. [11]

The biggest complaint most people have about life insurance companies is that they find ways of not paying after your loved one dies, so the fact that they pay their claims on time and with reliability is a huge strength.

One of the big drawbacks here is the fact that they use network marketing, so their Agents have a high turnover rate. As a customer, instead of working with the same person for years, (someone who has likely built a career in life insurance), you could be working with a life insurance newbie who’s going to quit in 6 months.

Opportunity

There’s a $99 cost to join – more and more, it’s looking like this is the standard price for start-up kits at newer MLMs.

You don’t get any product, obviously (no physical product to be had), but it does pay for state insurance and financial services exams that you may need to take as well as your license to sell life insurance.

They highly encourage you to pay an extra $28/month for access to their online tools.

Commission is 25% on all financial services sales, which is kind of low, but not bad considering that the product is recurring monthly as long as customers don’t cancel their policy.

Your commission can jump all the way up to 70% if you can advance your rank quickly enough, and you also get 10% overrides on your personal recruits.

You’re highly encouraged to start with a “warm market” – a list of friends and family you want to sell to. First red flag. MLM destroys friendships, no joke. You don’t want to be THAT guy who’s trying to make a dollar off your cousin.

What’s even worse, though, is when you run out of “warm market” friends to listen to your sales pitch and you have to hit up your “cold market” – aka walk up to random strangers and ask them to buy your life insurance. Sound like fun?

To most people, it doesn’t. That’s probably why the average Primerica rep only makes barely over $5,000 in annual income. Literally below the poverty line. [12]

Also wayyyyyyy less than what you can make working for a traditional life insurance company (average salary at State Farm, for example, is $32,000). [13]

Recap

So the company is legit, and their life insurance seems to be some of the best on the market.

Primerica’s also got a great corporate culture and a solid mission.

But the direct selling structure is their fatal flaw: it’s just not possible for over 99% of the people who buy into MLM to make good money, especially not without alienating their friends.

It’s just not a strategy that works for anyone but the top .001%.

—

If it really is the products that intrigue you, and you want to give it a shot, going with a company that has been in the game a while isn’t a bad way to go.

But if it’s just the income opportunity you’re after, you might be wasting your time.

If you like automated ways to build passive income, there are better ways.

(and you can trash those old MLM habits, too)



from MLM Companies

Saturday, January 14, 2017

Can Princess House’s new CEO save them?

Sitting next to health products formulated from magic seeds found in the Himalayas and trendy cosmetics that promise to make you look 10 times hotter and younger, it’s hard for products that used to be the backbone of MLM (home goods, Tupperware, kitchen products) to stand out and turn a profit.

Princess House, a kitchen goods MLM founded in 1963, has managed to stand the test of time. So does this mean I’m involved?

This video explains everything:


Make sense? Either way, here’s the full review on Princess House (the company).

Overview

Princess House was founded way back in 1963, when being a housewife was still the most common profession for women. They’re headquartered in Taunton, Massachusetts, and have managed to continue thriving for over 50 years now. [1]

Their annual revenue is somewhat of a mystery, as its been cited in different places as ranging from under $30 million to almost $200 million. According to Work at Home Career Trends, it’s $28.1 million. According to Direct Selling News, it’s $170 million. And, according to Hoovers, it’s just over $56 million. [2] [3]

Because they’re still a private company, there’s no way to know the actual number.

They were, however, named one of the Top 100 Women-Led Businesses in Massachusetts by The Boston Globe for two years running. This year, they hit #22, up 41 spots from their place in 2015. [4]

This is at least an indicator that they probably have decent sales numbers. The rankings are decided by both The Boston Globe and The Commonwealth Institute, a non-profit dedicating to advancing women in business and leadership, and they’re based on a company’s revenue and operating costs, as well as innovation, current projects, and employees.

Given that they’ve been around for so long, it’s no surprise that they have over 37,000 distributors and 200+ full-time employees. [5]

They were also ranked #32 for internet popularity based on search terms at MLM Rankings, and they were ranked #73 MLM by Direct Selling Global in 2013. [6]

Perhaps most exciting, they’ve named a new CEO – Connie Tang, their first female CEO in over 50 years of business. [7]

Tang is a highly notable businesswoman and industry leader who’s climbed her way up to the top with over two decades of experience leading cosmetics companies. She got her start with giants like Lancome and Clinique before moving into the MLM space 20 years ago.

Before taking over at Princess House, she served as the Vice President of BeautiControl and then the President of Jafra Cosmetics International. [8]

She’s been named one of the most influential women in direct selling.

They really couldn’t have picked a better person to take over the reins at Princess House. Hopefully she can help turn the company around and get rid of some of their outdated practices.

Products

Princess House started out selling handblown crystal and contemporary glass kitchenware, but they’ve since branched out to include all kinds of kitchen goods, from cookware and appliances to plates and flatware and food storage, and even some home goods such as shelving and decorations.

Their cookware sets are made of premium stainless steel. Their classic starter set runs for $319 (discounted from $424.85). [9]

Considering you can get stainless steel starter cookware sets on Amazon for well under $100, that’s a crazy steep price tag. [10]

Many of their other products are similarly overpriced, although some are affordable. A 5-piece place setting of stainless steel flatware is $29.95.

Perhaps the quality of the products is worth the heightened price tag?

Nope.

A lot of companies struggle with bad reviews, but Princess Home has straight up terrible ratings on Consumer Affairs – one star. Out of 11 reviews, pretty much all are negative, and include incidents not only frustrating but also dangerous, like plates cracking just for putting hot food on them, knife sets showing up already broken and no refund being issued, microwave safe bowls cracking in the microwave, and the company not honoring their 100% satisfaction guarantee. [11]

Opportunity

It costs $139 to start up as a consultant with Princess House. It’s definitely above average, but the starter kit includes $585 worth of supplies, so it’s likely worth it.

The company offers a 25% base commission, which is pretty much average when you’re starting out. However, it’s less than similar MLMs like Home & Garden Party and Celebrating Home, which start their commission rates at 30%. [12]

You have to sell over $1,250 per month to see your commission increase, otherwise you get the standard base rate of 25% on everything. Your expected payout after $1,000 in sales is only $111, and after $10,000 in sales, you’re banking only $2,361. That’s a subpar monthly income – and can you even imagine selling $10,000 worth of pots and pans in a month?

Even if you do sell a lot of and move up in rank, commission increases with Princess House are unimpressive.

What’s more, most of your money with this company will be made via in-home parties rather than online sales. That’s already a red flag.

Home parties are seriously, seriously out of fashion, and MLM needs to realize this already. How many of your friends would be jazzed to put their plans on hold and spend a Saturday listening to sales pitches about frying pans? Your grandma doesn’t count.

You do get some free product as a reward for hitting certain sales goals in the first 8 weeks, but are you really going to start a business just for some free plates?

Recap

Let’s be honest. There’s nothing new, interesting, or innovative about kitchenware. Maybe this worked back in the 60s when Princess House was started and people still went to Tupperware parties, but you just can’t make it sexy anymore.

The stuff at Princess House is no different. Not only are their products nothing special, they’re not even standard quality. According to multiple reviews of their products breaking and cracking instantly upon use, they fail to complete their sole duty – hold food.

On top of that, the compensation plan, while fairly straight forward, doesn’t offer ample opportunity to make money.

So, the company may have longevity on its side, but they may also be aging themselves out of the industry.

—

Is it possible to make money with Princess House? Maybe, if you have a good method to selling products. But if it’s just the income opportunity that you’re looking for, your time could be better spent.

If you like automated ways to build passive income, there are better ways.

(and you can trash those old MLM habits, too)



from MLM Companies