WorldVentures is a multi-level marketing travel company. Basically, you have to join the DreamTrips club in order to travel to many destinations. They plan the entire trip for you so it can be an issue if you want to plan a trip on your own.
In their defense, it looks like that they are capable of planning a great trip. The major benefit of the membership is that they help you save money.
They also offer an opportunity to make money by promoting their memberships. Currently, you can sell their memberships in over 30 countries. It was founded in the year 2005 by Wayne Nugent.
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: World Ventures
My Rating: 6.7 out of 10.0
How Does World Ventures Work?
Their compensation plan is pretty long but I will do my best to make it brief and concise. I will cover the important ways of earning money to give you an idea about it. Here are the ways of earning money in World Ventures.
On the initial sale of certain products, the company will pay you a direct commission. You need to be the enroller of the customer to earn direct commission and there are no special qualifications to earn it.
The amount that you will earn is not mentioned in the compensation plan, but you will be able to see it in your back office.
MONTHLY RESIDUAL COMMISSIONS
You need to reach the Senior Representative rank or higher to qualify for monthly residual commissions. These commissions are paid based on the monthly billing generated by your binary organization.
The binary organization means that your entire downline will be divided into two legs. So the first two people that you recruit will be in two different legs and your organization will grow from there.
You will be paid when a cycle is generated in your binary organization. When three sales credits are matched on both of your legs, then a cycle is generated. Each monthly bonus cycle will pay you up to $10 or $15.
There are qualifications and the amount that you can earn is limited by your rank. In simple words, you will not earn a lot even by being a top performer if your rank is not high enough.
WEEKLY TIME BONUS
You can earn weekly bonuses depending on the initial product sales generated by your entire binary organization. This bonus is similar to the monthly residual commissions because you are paid on every cycle. I have already explained the concept of a cycle above so I won’t repeat it again. You will earn $100 every cycle so the earning potential is there.
DREAM CAR BONUS
When you qualify for the Regional Marketing Director rank, you will earn $1,000 per month from this bonus. On the other hand, you will start earning $1,500 per month by qualifying for the International Marketing Director rank.
There are other ways to earn money from the compensation plan. The biggest issue is that your earnings depend on your rank. Even if you do really well, you will not earn a fair amount if your rank is not high.
There are monthly costs that you will have to incur to stay active and not all of the training they offer is free.
How Much Does It Cost to Join?
I could not find the cost of joining because a sponsored id is required to join. Different sources on the internet claim different amounts of cost of joining.
However, one thing is clear that it is not going to be cheap to join and there are going to be monthly costs as long as you stay in this business.
How Much Can I Earn?
I was able to find the Income Disclosure Statement for the year 2016. 79.95% of the representatives did not earn any money from this company. So a clear majority was not able to earn a single dime from this business. This is even worse than many MLM companies, which already have a high failure rate.
The average annual earnings for all representatives was $353.60 for the year 2016.
Again this figure is disappointing and it would be wise to not expect much from this company. The figures from the Income Disclosure Statement for the year 2015 are not promising as well.
It is clear that not much has changed in the recent years. You will most likely have disappointing earnings like many other people if you choose to join. Only a selected few will earn the income of their dreams and survive in the long run.
Are there Any Complaints?
Yes, and I have listed some of the major concerns below.
The compensation plan is complex and places unnecessary restrictions on earnings.
The Income Disclosure Statement shows that most people failed in this business.
In my opinion, World Ventures is not a scam. The company has been around for so many years and I don’t think that it would have survived if it was a scam.
On the other hand, I must say that they can improve their compensation plan and explain it in a simpler way. In this way, people will be able to learn more about it. Plus you should remember that this kind of business is not for everyone. You have to build a strong team in order to succeed. Nevertheless, I still leave the final decision in your hands. Good luck and choose wisely.
- Work at Home Business
- Travel Benefits
- Unique Product Line
- Climb the ranks to earn more commission
- Limited Information About the Compensation Plan
- Maybe Overwhelming for beginners
I know that you want to invest in World Ventures because you saw a unique opportunity to have a new source of income. I also feel that you already want to achieve financial freedom.
But let me tell you that this type of business not that easy. It requires great patience and hard work in order to achieve your goals. Plus you have to have the passion towards the products that you are offering in order to convince other people to join.
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 World Ventures, 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!