Are you also asking, what is the Cocoa Exchange? Do you want to know if this MLM business is legit 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: Cocoa Exchange
Owner: Frank & Ethel Mars
Price to Join: $129
My Rating: 7.7 out of 10.0
What is the Cocoa Exchange?
The Cocoa Exchange is a multi-level marketing company whose story began over 100 years ago when Frank and Ethel Mars started selling their chocolate. This company is backed up by Mars, Inc., which came into existence when the business of Frank and Ethel Mars grew.
The company has three product brands and they are Dove Signature, Pure Dark and, Pod and Bean. The company doesn’t only sell chocolates, but it also sells spices, sauces, beverages and much more. You can make money through this company by becoming a Curator.
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 Cocoa Exchange Work?
The primary product is chocolate so you will have to focus more on selling chocolates than the other products of the company. I must say that the products will appeal to most people and I don’t think that they will hesitate in selling them.
I was able to find some information about their compensation plan so here are the ways of making money that I will share right now.
You will make 25%-40% commission on your personal sales. You will earn 25% commission if your sales are less than $2,000 per month. If you are able to sell products worth $2,000 per month, then you will earn 30% commission. Selling $3,000 worth of products per month will get you 35% commission. Finally, you will have to sell $4,000 worth of products per month to earn 40% commission on your sales.
Honestly, I think that it would be difficult to sell high quantities of these products.
You can obviously make money by recruiting others since this is a multi-level marketing company. If you start recruiting people who sell the products, you will be able to earn 3%-5% on their commissionable sales. There are other bonuses as well, but you will have to advance in the ranks and keep building your team to earn all of them.
The main way of selling the products and also recruiting people would be through house parties. You can also sell the products online, but that would be difficult if you don’t know anything about it.
On the other hand, you can also use the internet to recruit people by creating a website explaining about this opportunity and the advantages of joining your team. They will offer you training and support, but that is not enough to guarantee you great results.
I like the fact that you can shop at a discount of up to 50% off based on your monthly performance. Whenever a customer will buy the product, the company will take care of the shipping so there is no need to worry about it. It could be difficult to find hosts for your house parties, but house parties will make it easier to sell the products.
Based on what I have seen, I think that the compensation plan does have its advantages and I like the fact that you can earn up to 40% commission on your retail sales.
The compensation plan is not so different from other MLM companies, but it can benefit you a lot if you recruit and advance in the ranks quickly.
How Much Does It Cost to Join?
You will have to buy a business kit to join Cocoa Exchange and the cost of the business kit is $129 plus tax. The shipping of the kit is free. I think that the price is a little high as you can join many MLM companies for a cheaper cost.
You also need to maintain $600 in personal sales volume over a rolling 6-month period to stay active.
How Much Can I Earn?
Your earnings will depend on many factors, including the expenses associated with being a Curator. You will have to spend money in hosting the parties, if the host is unwilling to host the party on their own. The samples that you will buy will also cost you money. There are many other expenses that you will incur if you try selling the products.
The company hasn’t published an Income Disclosure Statement, but the fact remains that most people fail in MLM companies. More than 95% people fail in MLM companies on an average and I don’t think that this company is different in this regard.
The good part is that the products are consumable so you can get repeat sales from satisfied customers.
I don’t think that you will survive long-term if you don’t build a team and advance in the ranks. So most people will have a challenging time to make a full-time income through this company while a selected few can make a lot of money.
Are there Any Complaints?
Yes, and I have listed some of the major concerns below.
It can be expensive to participate in this business.
It would be difficult to stay active for those who aren’t experienced.
In my opinion, The Cocoa Exchange is not a scam. This opportunity has its advantages like the appealing products. Plus the compensation plan can benefit you if you do it right.
On the other hand, this business model is not suitable for most people that aren’t very good at recruiting and selling. Nevertheless, I still leave the final decision in your hands. Good luck and choose wisely.
- Great earning potential
- Teaches entrepreneurial skills
- Climb the ranks to earn more
- Support can be improved
I know that you want to invest in Cocoa Exchange because you are eager to have an extra source of income.
But let me tell you that this MLM business is challenging and requires patience. It doesn’t mean that if you buy the products you will immediately earn. You also have to build your team to earn more.
Now, your next question is, is there other way to make money at home? 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 Cocoa Exchange, 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!