What is the Vemma? Do you want to know if it is a legit MLM business or just a scam? Are you curious if it can help you earn some extra income? Well, here is my in depth review and I hope that this can help you learn more about it.
Before we jump into the review proper, let me point out that I have always been making reviews about various MLM companies. I made this as a passion because I want to impart to everyone my knowledge and experience towards these programs. By the way, if you want to start a legit way of earning, check out the #1 recommended work at home opportunity.
Company Name: Vemma
Owner: BK Boreyko
My Rating: 7.9 out of 10.0
What is the Vemma?
Vemma is a nutritional company that was launched in the year 2004. The products are sold in the categories of nutritional supplements, energy drinks and weight loss products. Verve Bold, Verve Energy Drink, Bode-e Burn, Bode-e Shake are some of the names of the products that they offer.
By the way, BK Boreyko is the founder of this company. Actually, it ran into some legal trouble in the year 2015 and I will share some important facts about the legal trouble below.
In this review, I will take a closer look at this company and try to determine whether this is a scam or not. This review is based on my honest research about it. I recommend that you read the entire review before thinking of investing your hard earned money.
How Does Vemma Work?
Before we dive into the compensation plan of the company, it is important to discuss the legal trouble that this company has been through.
In the year 2015, FTC brought a federal court action against Vemma Nutritional Company for running a pyramid scheme. This is an over simplification of the allegations, but this is what the dispute was about. Obviously, the company denied the claims earlier, but in the month of December 2016, the company finally reached a settlement with the FTC.
If the company had still denied the claims, the FTC would have taken the case to a trial. I know you are a bit confused, but do not worry I will explain it in easy terms.
Vemma was running a pyramid scheme and they have been banned from conducting such business in the future. The company is operational, but they can’t do what they were doing before.
So, now let us look at some of the ways of making money through this company.
Retail Profits: You can make retail profits by selling the products to the customers and there is no limit to the amount that you can earn. The retail profit is normally going to be around 20%.
Team Bonus: You must have 50 PV (Personal Point Volume) monthly to earn team bonuses. Point volume is earned from the purchases of your personally enrolled customers or affiliates. You also need to have two personally enrolled customers or affiliates and one of them should be on each team to qualify. This bonus is either 10% or 15% depending on certain requirements.
Matching Bonus: This bonus requires at least 50 PV per month and four personally enrolled customers or affiliates. Two of those four must be on the Affiliate’s Profit Team and the other two must be on the Power Team. This bonus will allow you to earn 5% on all of your Affiliate’s Team Bonus paid amounts.
There are also Second, Third and Fourth Tier Matching Bonuses that have their own requirements for qualifying. In order to earn any Team Bonus or Matching Bonus the point volume each week must come from a majority of customer sales.
There are obviously other ways to earn such as One-time Rank Advancement Rewards. The compensation plan is nothing exceptional, but it is a good one.
How Much Does It Cost to Join?
I could not find the cost of joining on the website of the company and you might have to contact a member to know about it. You can only join through a member of the company and there is no way that you can join directly. Even if you fill the form on their website, you will first have to come in contact with a member and join through him/her.
How Much Can I Earn?
Your earnings will depend on many things including your level of experience and your skills. There is a reason why most people fail in multi-level marketing companies like this one and that is because they do not know how to sell or recruit well.
You do not only need to sell the product beyond your family and friends, but you need to do it consistently.
Team building is very challenging because recruiting anyone is not going to work in your favor. You need to recruit people who are actually good at both selling and recruiting so that they can also build a downline and survive in the competitive environment.
I don’t want to discourage you, but around 97% of people who join MLM companies fail.
So it is clear that it is going to be really hard to make any money through this company. There might be some people who make a lot of money, but they are going to be rare.
Are there Any Complaints?
Yes, and I have listed some of the major concerns below.
Most people fail in such companies.
The expected earnings are not good for most people.
Maintain monthly quota to earn bonuses.
In my opinion, Vemma is not a scam. The company has recognized its mistakes and agreed to take corrective action so I can’t call this a fraud. There product line is also of high quality
However, this may not be suitable for everyone. There is risk in every business, but there are businesses where the risk is much lower. Nevertheless, I still leave the final decision in your hands. Good luck and choose wisely.
- Great Earning Potential
- Learn Entrepreneurial Skills
- Maintain Monthly Quota to Earn Commissions
- Challenging for Beginners
Is there Other Way to Earn at Home?
I know that you want to join in Vemma because you are eager to find another way to earn at home. I also feel that you are already tired of your daytime job that’s why you want to have a new source of income.
Actually, I also felt the same way as you before. I thought that MLM business is easy. But I realized that it is not that easy to attain this goals. It is not enough to join a company and just follow the steps and training.
I believe that a support system is far way more important in order to be successful in this type of business. In this way, if ever you have questions about anything, you have someone to run into.
Now, your next question is, how can you really 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.
Basically, you will earn by just following your passion and sharing your thoughts about it to other people.
Right now, I am on my first year in this community 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 Vemma, feel free to comment it below and I would be glad to interact with you.
Let me hear your experiences on the comments below!