This review is all about the My Clique Jewelry. Do you want to know if this MLM company is legit or just a scam? Are you curious if you can really earn from this business opportunity? Well, I suggest that you read this review in order to clear your doubts about it.
Company Name: My Clique Jewelry
Owner: Edi & David Arjang
Price to Join: $199
My Rating: 6.8 out of 10.0
What is the My Clique Jewelry?
My Clique Jewelry is a multi-level marketing company that sells sterling silver jewelry. The company offers a wide range of jewelry such as rings, earrings, pendants and bracelets. Each piece is made with interchangeable pieces so that the customer can attach different pieces together and change the look of the jewelry.
By the way, the co-founders and CEOs of this company are Edi and David Arjang. They are brothers and they have a thirty years experience in jewelry design.
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 My Clique Jewelry Work?
The products seem interesting, but now it is time to take a look at their compensation plan. Unfortunately, I could not find a detailed explanation of their compensation plan on their website. The information that they have provided is not enough to understand everything if you are not familiar with multi-level marketing companies.
Anyway, let us take a look at the ways of earning money through the compensation plan.
When you join, you will earn 25% commission on your retail sales right from your first sale. The starting commission of 25% is good, but you can earn a higher commission.
You can earn a higher commission on your personal sales with the help of retail sales bonuses. Retail sales bonuses are paid when you have a high personal volume in a month.
Personal volume depends on your sales so more sales mean a higher personal volume. With a personal volume of $1,000 in a month, you will earn a 3% retail sales bonus. When your personal volume is $2,500 in a month, then you will earn a 5% retail sales bonus.
You can earn a total of 33% commission on your retail sales, but it is going to be very hard to make enough sales to do so.
More Information About My Clique Jewelry
PERSONAL RECRUITS OVERRIDE
Personal recruits are those people that you recruit personally while trying to build your team. This bonus pays you based on the sales of your personal recruits. Basically, you can earn 3% to 5% override. So having a lot of active personal recruits can allow you to make a good amount of money.
CENTRAL TEAM OVERRIDE
Their compensation plan doesn’t have an explanation about this bonus, but I think it is based on the sales of your entire team. So this bonus might pay you overrides on the sales of your entire team.
You need to achieve the rank of Leader or higher to earn this bonus and it pays 3% overrides.
When someone in your downline qualifies for a high rank, then you can earn generation overrides on her entire team sales. You can earn generation overrides up to 4 levels deep.
Generation overrides are paid to Senior Leader or higher rank holders. The higher ranks pay on more levels when compared to the lower ones. You can earn generation overrides in the range of 1% to 3%.
There are requirements that you have to meet for earning overrides. You need to have enough personal sales in a month and also be qualified for a particular rank to earn it.
How Much Does It Cost to Join?
I could only find one kit on their website and it costs for $199. I think that the price of the kit in My Clique Jewelry is higher than the kits of most MLM companies.
However, it is valued over $800 so you can easily make a profit if you are able to sell the contents of the kit. The kit includes samples, catalogs, order forms, products and much more.
How Much Can I Earn?
The compensation plan of My Clique Jewelry looks really profitable, but it will be very hard to make money through it. As far as the products are concerned, I think that you will make a good amount of sales if you are able to find the customers.
The problem is that most people find it very hard to find customers especially when they have already contacted their friends and family.
Team building is something that you will surely struggle with. You will not only have to find people who are ready to join your team, but you will also have to make sure that they stay in this business. Most people fail in multi-level marketing companies so eventually most of your team members will quit.
I don’t think that you should have great earning expectations from this company. You will most likely have a challenging time to earn a full-time income but I must say that it is still possible.
Are there Any Complaints?
Yes, and I have listed some of the major concerns below.
This company doesn’t seem to be very popular.
The requirements for earning overrides are high.
In my opinion, My Clique Jewelry is not a scam. They still offer some various ways on how you can have a new source of income.
On the other hand, this opportunity is far from perfect mainly because of the model that it is based on. Selling the products and building a team at the same time prove to be too much for most people. Nevertheless, I still leave the final decision in your hands. Good luck and choose wisely.
- Teaches Entrepreneurial Skills
- Good earning potential if done right
- Climb the ranks to earn more
- Too much competition
I know that you want to join in My Clique Jewelry because you are eager to find a new source of income. I also feel that you want to attain financial freedom.
But let me tell you that this type of business is challenging. It requires great patience in terms of selling and recruiting.
On the other hand, if you are still looking for a new source of income, then you can also take a look into my personal favorite 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. What I like about it is that it doesn’t require any selling or recruiting.
Right now, I am on my second year in this type of business and I am already enjoying the fruits of my labor. So, I want to share my success with you.
If you have more questions and concerns about the My Clique Jewelry, feel free to comment it below and I would be glad to interact with you.
Please let me hear your experiences and personal concerns on the comments below!