This review is all about the Kannaway. Do you want to know if this is a legit MLM business or just a scam? Are you curious if you can really earn from it? Well, I suggest that you read this review in order to learn more about it.
Company Name: Kannaway
Price to Join: $54.98/year
My Rating: 6.7 out of 10.0
What is the Kannaway?
Kannaway is a multi-level marketing company that sells hemp oil products. Hemp belongs to the same family as marijuana, but it is different from it. The company was launched in the year 2013 and it has not been performing well in the recent years.
The company has clarified on its website that the statements or claims on their website haven’t been tested by the Food and Drug Administration. Still, there are people that claim that the products work for them and maybe they are right. Anyway, this review is not about the products and it is about the opportunity that this company offers.
In this review, I will take a closer look at this company and try to determine whether this is a scam or not. This is based on my honest research about it. I recommend that you read the entire review before thinking about joining this company.
How Does Kannaway Work?
The company has published a detailed compensation plan on their website. I will try to give you an overview of the program and explain the ways of making money from it.
First of all, let us focus on the requirements of earning commissions. The first requirement is to become a Brand Ambassador. The second and last requirement for earning commissions is to maintain the minimum Personal Business Volume required for your rank each month.
Now let us take a look at the ways of making money through the compensation plan.
Direct Sales Bonus (DSB): When you first join as a Brand Ambassador, you will be able to earn 20% Direct Sales Bonus on the personal purchases of your new team members during your first 30 days. 15% more DSB will be paid through the 50% check match and the remaining 55% will be paid through the monthly residual commissions.
You can also earn DSB through the sale of the Kannaway Value Packages.
50% DSB Check Match: The company pays a 50% check match on all DSBs to those team members that qualify. You will be able to earn a 20% check match bonus if someone you personally sponsor earns a DSB. The remaining 30% will be distributed in your upline.
Override Bonuses: Like other MLM companies, this company also pays override bonuses on the sales of your entire team. In simple words, you will make more money when you reach a higher rank and have many active people in your downline.
This bonus is paid in the range of 2%-10% on different levels in your organization. For example, as a Brand Ambassador, you will earn 2% override bonus on your first level and 3% override bonus on your second level.
You will not earn any override bonus beyond your second level as a Brand Ambassador while Crown Ambassador earns this bonus on 9 levels.
There are other ways of making money like the Rank Infinity Bonus and Coded Infinty Bonus. I must say that this compensation plan is not easy to understand and I don’t think that you will be able to understand everything on your own.
I couldn’t find the percentage of retail commissions that you will earn from selling to the customers. But it looks like the retail commissions will vary from product to product.
Overall, the compensation plan is like the typical compensation plan of MLM companies, but it is more complicated. The people on the higher ranks will enjoy the major share of the income while the people on the lower levels work hard to make money.
How Much Does It Cost to Join?
You have to pay a Brand Ambassador membership fee to join this company. The BA membership fee of Kannaway is equal to $54.98 and it is to be paid annually. You will get websites, secure back office, training and support tools as well as administrative support by paying the BA membership fee.
The cost of joining is fair in my opinion and most people will be able to afford it.
How Much Can I Earn?
I could not find an Income Disclosure Statement as this company hasn’t published one. The compensation plan is complicated, but one thing is very clear and it is not suitable for most people.
There is also confusion if the products of this company are legal or not, even though the company claims that they are legal. Maybe a law in the future will make them illegal and you may lose your business in an instant.
Some of the bonuses can only be earned by the higher rank holders and it is challenging to reach the higher ranks. Most people stay and exit MLM companies at the lower ranks and this harsh reality can’t be denied.
So I don’t think that the average person will see great results or make the income of his dreams through this company.
Are there Any Complaints?
Yes, and I have listed some of the major concerns below.
Kannaway can explain their compensation plan simpler.
The products are a front, they just want to recruit more distributors than actually sell products.
In my opinion, Kannaway is not a scam because the compensation plan also focuses on selling the products. They also offer some helpful information on how you can start having your own business.
On the other hand, I don’t think that you will have an easy time with this company. If you are really good at selling and recruiting, then you may join. Nevertheless, I still leave the final decision in your hands. Good luck and choose wisely.
- Not that Expensive membership fee
- Teaches basics of being entrepreneur
- Support can be improved
- Better explanation of compensation plan
- Climb the higher ranks to earn more
I know that you want to invest in Kannaway because you want to start a new journey. I also feel that you want to have a better source of income.
But let me tell you that this type of business requires patience and intensive support. So having a great support system is mandatory.
On the other hand, if you are still looking for an effective way of earning, then you can also look into my personal choice. My best suggestion would be through making your own online business with a support from community. Basically it is a modern way of making money. And this will enable you to enjoy your working time at home.
Right now, I am on my second year in this community and I am already harvesting the fruits of my labor. So, I want to share my success with you.
If you have more questions and concerns about the Kannaway, feel free to comment it below and I would be glad to interact with you.
Let me hear your experiences and personal concerns on the comments below!