What is HempWorx?
HempWorx is a multi-level marketing company specializing in hemp oil products. It is true that hemp products are getting popular with time. They have come up with quite a few hemp products such as hemp oil, hemp-infused coffee, anti-aging cream, icy pain rub and hemp oil for pets. They grow all of their hemp on American farms, and the products are legal all over the US because they meet the THC limit.
The founders of this company are Josh and Jenna Zwagil. Josh’s company My Daily Choice was merged with this company. The company began in 2017. It is too soon to say how well the company will do, but it seems to have a lot of potential.
In this review, I will take a closer look at this company and try to determine whether this is a scam or not. This review is not written for promoting this company, so you can trust this review.
How does HempWorx work?
You will find that the compensation plan is called My Daily Choice compensation plan because it is the parent company. So, there is no need to get confused as the compensation plan is the same. There are basically two main ways of earning money just like any other multi-level marketing company, and they are selling the products and recruiting people.
Let us take a closer look at some of the ways of earning money through the compensation plan of this company.
Retail Customer Commissions: You can earn 25% retail commission on the sales made to retail customers. The retail commission is simply the difference between the price that you pay as an Affiliate and the price that the customers pay. The Business Volume generated from retail commission counts towards your Personal Business Volume.
Personal Business Volume is the volume that is generated from personal purchases or the retail customers within a calendar month. Personal Business Volume is used to determine your qualifications for earning different bonuses.
There is another category of customers that are known as Preferred Customers. You won’t earn any retail commissions from them, but their first calendar month orders count towards Jump Start Bonuses, and the second month orders and beyond count towards Binary Commissions.
Jump Start Bonus: You need to generate at least 40 Business Volume per month to qualify for earning this bonus. It is paid on the orders placed in the first month by new Affiliates and Preferred Customers. You are paid a percentage of the Business Volume that is generated by the new Affiliates and Preferred Customers.
The percentage of Business Volume that you are paid depends on your rank. You can earn this bonus up to 10 levels deep based on the unilevel commission structure. You can earn as high as 50% of the Business Volume on your first level if you reach a high rank. You can earn on more levels by qualifying for the higher ranks.
Binary Commissions: This bonus is based on the binary compensation structure. The first two Affiliates that you recruit will be placed in two different teams or legs. So, you will have two legs that will be called the left leg and the right leg. The legs will grow as your team grows and more people are recruited. There is no limit to the growth of the legs, so they can grow to infinite levels.
You need to meet multiple qualifications to earn this bonus. You obviously need to have 40 Business Volume. You also need to have 90 personally enrolled Business Volume on the left and the right leg. In simple words, you need at least 90 BV from your personally enrolled Affiliates in both the legs. Finally, you need 300 Business Volume in the weaker leg to earn from this bonus.
You can only earn this bonus on your weak leg, which will be the leg with the lower Business Volume. You can earn this bonus on Business Volume in the range of 8% to 20% depending on your rank.
There are other ways of earning money through the compensation plan such as Global Bonus Pool and Leadership Check Matching. Their compensation plan is certainly more rewarding than a lot of other MLM companies. Most companies don’t pay such a high percentage of bonuses, but it doesn’t mean that you will succeed for sure.
How much does it cost to join?
The cost of joining this company depends on the product pack that you choose. You have to pay a one-time activation fee of $20 and also buy a product pack to become an Affiliate. You can buy the cheapest product pack for $39, or you can buy the most expensive one for $599. I recommend the package worth $69 because it will give you 40 Business Volume so that you can be considered active in your first month.
How much can I earn?
The company has published its Income Disclosure Statement for the period of January 1st, 2017 to July 1st, 2018. We will be taking a look at some of the figures from the Income Disclosure Statement to get a good idea about your expected earnings. Around 57% of the Affiliates had an average monthly income of $10.22 and an average yearly income of $122.64. I don’t have to tell you that these figures are disappointing.
Around 21% of the Affiliates had an average monthly income of $29.64. Their average annual earnings were $355.68. If we add the percentages, then we can see that around 78% of affiliates had such a low average income. I know that some affiliates did a lot better because we are talking about average income. However, the average shows that most people didn’t earn much through this company.
Around 20% of the Affiliates had an average monthly income of $90.52 while their average annual income was $1,086.24. So, around 98% of the Affiliates had a really disappointing average income. This means that most people will certainly fail terribly in this company. Some people may earn several thousand dollars per month, but they will be very rare.
Are there any complaints?
No, I could not find any complaints. I have a few concerns that I have listed below.
The earning potential is low in most cases.
Some people will find it hard to trust the products.
HempWorx or My Daily Choice is not a scam in my opinion. I don’t think that you should think about joining this company at all. There are very low chances of earning a full-time income. You can have much better odds of succeeding at a lot of other opportunities. The future of the CBD products is still uncertain, so it is a little risky as well. I still leave the final decision in your hands. Good luck and choose wisely.
Rising popularity of the products
Better compensation plan
Uncertain future of the products
Low earning potential