This review is all about the World Ventures MLM opportunity. Do you want to know if it 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: World Ventures
Owner: Wayne Nugent
My Rating: 6.7 out of 10.0
What is the World Ventures?
World Ventures is a multi-level marketing company that doesn’t sell physical products, but sells vacation club memberships. The company sells DreamTrips memberships and there are two memberships available.
DreamTrips Gold and DreamTrips Platinum are the two memberships available. Actually, the first one is more expensive and has more benefits. If you join this company as a distributor, your job will be to sell these memberships and you will be paid for selling them. By the way, the founder of this company is Wayne Nugent who founded it in the year 2005.
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 World Ventures Work?
The compensation plan rewards those who sell the travel products or successfully build sales organizations by recruiting people.
There are many bonuses that you can earn, but all of them will involve either selling or recruiting. Here are the ways of earning money through the compensation plan of this company.
Direct Commission: When you enroll eligible new product customers, you will earn a direct commission. The website of the company doesn’t specify how much direct commission is paid per customer, but it will depend on the membership that you choose.
Personal Sales Bonus: This bonus is paid only when you are able to enroll three new customers within a rolling 28 day period or less. The amount that you will earn from this bonus will depend on the membership levels of the customers that you sponsor.
If you are able to enroll additional three customers during the same rolling 28 day period, you will earn additional bonus at a higher rate.
You can earn this bonus as many times as possible within the same rolling 28 day period as long as you keep sponsoring customers in multiples of three.
Lifestyle Bonus Program: Before I explain this bonus, you need to understand the meaning of lineage organization.
Lineage organization is formed by recruiting various people and them recruiting others. Each person that you recruit will be a leg and they will have their own customers and downline.
You will need to maintain at least four active customers and $1,600 in sales volume in lineage organization to earn this bonus. If you meet these minimum requirements, you will earn this bonus of $200 per month. You can earn higher amounts of bonus by having more active customers and sales volume in lineage organization.
You can earn this bonus as high as $900 per month.
Weekly Bonuses: This bonus is based on the binary organization. A binary organization is formed when your downline is divided into two legs. You will need to make at least 4 customer sales to qualify for this bonus.
One cycle will be generated for three sales credits on the left side that match with three sales credits on the right side of your binary organization.
The sales credits are based on the initial product purchases of the customers throughout the entire binary organization. A weekly bonus cycle will pay you $100 and every sixth weekly cycle will pay you $100 that you can use to travel instead of a cash bonus.
There are many other ways of earning through the compensation plan like the car bonus and monthly residual commissions.
Direct commission is the easiest way of earning money in the beginning. But you will need to build a great downline to get the benefit of all the bonuses.
How Much Does It Cost to Join?
I couldn’t find the cost of joining because a sponsor id is needed to find it out. But I don’t think that it will be cheap to join this company based on what I have seen so far.
It can be hundreds of dollars and you may also have to pay a monthly fee to stay in this business.
How Much Can I Earn?
The Income Disclosure Statement for the year 2016 was published by this company. We will look at the figures from the Statement to get a better idea about the income that you can expect to earn.
Only 20.05% of all Independent Representatives earned a commission or an override and this figure is not promising at all.
The average annual commission or override earnings of the people that earned money was $1,763.43. So the majority of people didn’t made any money and the average annual income is not good.
After looking at the figures, it is very clear that you will most likely fail to earn a full-time income through this company. It would be hard to even sell a single membership if you are not experienced.
Are there Any Complaints?
Yes, and I have listed some of the major concerns below.
Trying to convince people to purchase travel packages at a discounted rate is challenging.
No transparency and teamwork is rare.
In my opinion, World Ventures is not a scam and anyone who claims that this is a scam might be misinformed.
They still offer some helpful information on how you can start your own business. However, there are still some limitations that they have to work on.
The low expected income and difficult to sell vacation club memberships are some of the challenges that you may face. Nevertheless, I still leave the final decision in your hands. Good luck and choose wisely.
- Teaches entrepreneurial skills
- Great earning potential if done right
- Need to climb the ranks to earn more
- Support can be improved
I know that you want to join in World Ventures because you are eager to find a new source of income. I also feel that you already discovered the benefits of having your own business.
But let me tell you that this type of business is not that easy. You have to have great selling skills and support in order to succeed.
On the other hand, if you are still looking for an 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 World Ventures, 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!