Omnilife Review: Is It An MLM Scam?
This review is all about the Omnilife. Do you want to know if it 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 clear your doubts about it.
Company Name: Omnilife
Owner: Jorge Vergara
Price to Join: $39
My Rating: 6.8 out of 10.0
What is the Omnilife?
Omnilife is a multi-level marketing company based in Mexico and it is known for selling nutritional products. The company offers various products that claims to help with weight loss, energy boost, overall health and mood. There is not enough evidence to say that the products work and the products are surely expensive.
By the way, the founder of this company is Jorge Vergara who was earlier an distributor for Herbalife. He founded this company in the year 1991 and it has grown in many other countries around the world. According to their website, the company has 6.5 million distributors across 18 countries.
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 Omnilife Work?
Let us take a look at the ways of earning money through the compensation plan of Omnilife.
Retail sales will play a big role in your earnings at the beginning. You can earn commissions in the range of 20%-50% depending on how much products you sell or buy in a month. You need 4000 personal points per month to earn the 50% commission.
I don’t think that you will earn so much points if you are not a great salesman.
You earn level overrides on the purchase volume generated by up to three levels of your downline. You need to qualify for the rank of Bronze Premier or higher to earn this commission. They are paid in the range of 2%-10% based on the purchase volume of your downline as well as your pay level.
This override is similar to level override in the manner that it is earned from your downline. In order to earn from generational overrides, you need to be qualified for Gold Premier or higher and someone in your downline must be Silver Supreme or higher. Each generation begins with a Silver Supreme or higher and you can earn from up to 6 generations.
You can earn generational overrides in the range of 3%-5% on various generations depending on your rank. You can earn on all 6 generations after qualifying for Diamond Supreme.
More Information About Omnilife
TEAM BUILDER BONUS
Like generational overrides and level overrides this one also depends on your downline. You need to qualify for Silver Supreme or higher and you must have at least one Silver Premier or higher in your downline to earn this bonus. This bonus pays 2% on the entire purchase volume of your downline beginning at the fourth level.
QUICK START BONUS
This bonus pays 10% on the purchases of your newly sponsored distributors within their first 90 days. All you need to do to earn this bonus is be active and sponsor new distributors. You need at least 300 personal points per month to be active.
There is one more way of earning and that is the Diamond Premier generational overrides. These overrides are like generational overrides, but they are paid to Diamond Premier or higher only. Based on what I have seen and understood, the compensation plan is more beneficial for those who can recruit a lot of people and lead them.
Only retail sales are based on your own personal sales and the rest is based on your downline and your rank. Without a great downline, I don’t think that you will make a full-time income. Overall, the compensation plan is just the same as a typical MLM company.
How Much Does It Cost to Join?
You can join in Omnilife by buying the distributor kit that is worth $39. Obviously, you will have to purchase additional products because you have to maintain 300 personal points to stay active. The cost of joining is fair, but you may lose money if you aren’t able to sell the products that you buy monthly for staying active.
How Much Can I Earn?
I could not find an Income Disclosure Statement that has been published by the company. It has existed for so many years and still they haven’t disclosed how much their distributors are making. But it looks like most of the distributors aren’t making a lot of money.
The fact is that most people fail in companies like this one and the products aren’t supported by strong evidence. I am not denying that you can sell the products, but it may be challenging and difficult especially if you have no prior MLM experience.
In short, I don’t think that you would make a full-time income through this company unless you have amazing selling and recruiting skills.
Are there Any Complaints?
Yes, and I have listed some of the major concerns below.
The products of this company need to be backed up by evidence.
It doesn’t look like that the company offers a great opportunity for most people.
In my opinion, Omnilife is not a scam. They still provide valuable information on how you can start your own business. But I must say that they didn’t do that much to stand out from other companies in a similar niche.
There is no doubt that the company is earning a profit, but I am not sure that you will also be able to earn some of it. 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
- Support can be improved
- Tough Competition
How Do I Personally Earn Money Online?
I know that you want to invest in Omnilife because you want to have a new source of income and you are already tired of your day time job. I also feel that you already discovered the earning potential of having your own business.
But let me tell you that this type of business is not for everyone. It requires patience, perseverance, and great support in order to succeed.
On the other hand, if you are still looking for an efficient and effective way of earning, then you can also look into my personal favorite. 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 Omnilife, 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!