NeoLife or GNLD is a multi-level marketing company that is known for selling products in the health and nutrition niche. The company also offers products in other niche such as home care and personal care.
They have products for digestive health, energy and fitness, sharper mind, immunity, heart health, and much more. It is surprising that the company hasn’t provided the retail prices of the products on its website. However, the products have worked for many people as they have plenty of positive reviews. By the way, itwas founded in the year 1958 by Jerry Brassfield.
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.
Company Name: NeoLife / GNLD
Price to Join: $49
My Rating: 6.8 out of 10.0
How Does NeoLife Work?
Before we take a look at the compensation plan, let us first understand a few basic terms.
POINT VALUE OR PV
This is the value that is assigned to each product that is used to qualify for bonuses, recognition and achievements.
PERSONAL POINT VALUE OR PPV
This includes the point value on your account from the purchases that you made during the month as well as the point value on the accounts of the members that you brought into the business. You need 100 PPV to participate in the compensation plan and 30 PV must come from your own purchases during the month.
QUALIFIED POINT VALUE OR QPV
It includes your personal point value for the month as well as the point value of the promoters and club members that you sponsored. It determines your qualifications for recognition levels and the percentage of sales volume bonus that you earn each month.
Now let us take a look at the ways of earning money through the compensation plan of Neolife.
SALES VOLUME BONUS
This bonus is paid on the accumulated volume including your volume and the volume of all of your club members and promoters. The percentage that you earn will increase as your qualified point value increases. You will earn 3% when you QPV is 250 and the maximum that you can earn is 20% when your QPV is 4,000.
The sales volume bonus is paid when someone places a order in your team (or when you place an order).
The percentage that you will earn will depend on the difference between your rate and the rate of the promoter in your team. For example, A has 250 QPV and therefore he earns 3% sales volume bonus. You have 1,250 QPV and as a result you earn a 10% sales volume bonus. So you will earn the difference, which is 7% (10% – 3% = 7%) in this case on the 250 QPV of A. Your earnings will be 7% multiplied by 250 QPV ($17.50).
LEADERSHIP DEVELOPMENT BONUS
It can get complicated so I will try to explain this bonus in a simple way. You have to qualify for the rank of Sapphire Director or above to earn this bonus. It is paid on up to 3 levels of qualified Directors that are part of your downline. You can earn up to 6% on first level, 4% on second and third level from this bonus.
There are other ways of earning money from the compensation plan like the car bonus. I must say that it is not easy to understand since they have kept the retail sales commissions and team commissions together in the form of sales volume bonus. However, the qualifications increase really fast and you have to keep buying the products every month to earn from it.
How Much Does It Cost to Join?
There are four kits that you can choose from if you decide to join in Neolife. Following are the kits and their prices.
Basic Promoter Kit: $49
Builder Kit: $468
Manager Kit: $828
Senior Manager Kit: $1,616
You can get started with the cheapest kit, but the more expensive kits will enable you to earn a higher amount from the compensation plan. I find it unfair that you have to buy expensive kits to earn more.
How Much Can I Earn?
MLM companies have suffered from low average earnings and a high failure rate and this company is no exception. The company has a complicated compensation plan and they don’t mention the prices of their products on the website. It can’t be denied that they reward retail sales, but the primary focus is on recruitment.
The company not only wants a lot of people to sign up for the monthly autoship, but it also tries to sell you expensive starter kits.
You will have a serious disadvantage if you don’t invest on the expensive starter kit when trying to earn money. They expect you to recruit others and encourage them to buy the expensive starter kits to make more money.
As I mentioned earlier, MLM companies have a high failure rate and therefore you shouldn’t expect to earn a full-time income from this company.
Are there Any Complaints?
Yes, and I have listed some of the major concerns below.
The products are on a competitive niche.
Need to climb the ranks to earn more commission.
In my opinion, NeoLife also known as GNLD is not a scam. They still offer some helpful information on how you can start your own business.
On the other hand, I must say that there is still low chances of earning a full-time income even after working hard. The company is far from perfect and they can improve by making their compensation plan easier to understand. Nevertheless, I still leave the final decision in your hands. Good luck and choose wisely.
- Teaches entrepreneurial skills
- Work at home business
- Interesting product line
- Climb the ranks to earn more
- Support can be improved
- Clearer compensation plan can help
I know that you want to invest in Neolife because you want to change your way of living. I feel that you want to achieve financial freedom.
But let me tell you that this type of business not for everyone. You have to have great selling and recruiting skills in order to achieve your maximum earning potential. Plus you have to patient because this is not a get rich quick scheme.
On the other hand, if you are still looking for a new and alternative 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 and results of my labor. So, I want to share my success with you.
If you have more questions and concerns about the Neolife, 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!