Is VeloVita A Scam Or A Great Money Making Opportunity?

Is VeloVita A Scam Or A Great Money Making Opportunity?

You’re reading this blog post because you’re wondering is VeloVita A Scam?

VeloVita is a fresh multi-level marketing business to launch in the nutrition and health market.

This review is going to help you decide whether to get involved and you if the company is legit or not.

You will find out if VeloVita is the one for you as you read the review.

Let’s get started!

Is VeloVita A Scam – Some Facts About The Company

Is VeloVita A Scam Or A Great Money Making Opportunity?

The company is a new MLM business launched in April 2020 that has a single item called Bran.

It is a Nootropic that’s purportedly has advantages for your energy levels and brain.

What Are Nootropics?

The following is an excerpt from an article published from WebMD:

Is VeloVita A Scam Or A Great Money Making Opportunity?

You Have To Personally Decide If The Benefits Of Nootropics Are Real Or A Placebo

There are some decisions you let people make on their own.

This is one of them.

If you are a believer in brain nootropics, Bran wholesales for $64.95 a box at the time of this writing.

Also, you get 24 attractive single serve pouches per order with your choice of either caramel macchiato, Lemon drop, or chocolate sea salt.

You get 24 single serving pouches and wholesale’s for $64.95 a box.

One point I really like about this company is the focus on a single product as opposed to many different ones.

This product could be sold through a eCommerce website without going the multi-level marketing route.

Even better, you can drop-ship items through an eCommerce site and the company will take care of the shipping.

When this is done, you’ll earn 10% fees on every sale.

For your information, their product name “Bran” is pronounced “Breyn” or “Brain”

My point is this product, Bran, can be sold via eCommerce without the difficulties associated with network marketing.

Nevertheless, Bran is a costly product and with the popularity of comparison shopping thanks to Amazon, it’s not going to be an easy sell.

Personally, I don’t have a problem paying more for a superior product, but many people won’t view it that way.

However, there are some other issues you may want to consider.



The Company Founders Have Previous Experience With Network Marketing

Is VeloVita A Scam Or A Great Money Making Opportunity?

The founders are Jeff Mack and Kosta Gara.

Gara was active with an MLM called iGalen that recently buckled after it was sued.

Mack has MLM experience as well. He was formerly Vidacup’s CEO, which also shut down.

To be honest with you, the fact that both of these men experienced failure in their previous companies doesn’t mean they don’t deserve to try again.

Actually, their failures could benefit the company if they’ve learned from them.

Similarly, isn’t that the message the personal development “guru’s” beat into our heads – “Never Give Up”?

Therefore, if this is a deal breaker for you then it’s a deal breaker for you. I don’t have a problem with it.

You Can Purchase The Product Via Retail Which Is A Very Smart Move

Is VeloVita A Scam Or A Great Money Making Opportunity?

Personally, the single best thing the owners did was make this product available by retail WITHOUT having to become a distributor.

That one decision will keep the Federal Trade Commission off of their front door and out of the pyramid scheme territory.

VeloVita has a legit retail product and in order to qualify for commissions affiliates MUST have retail customers that buy the supplement.

This was the problem with Digital Altitude and M.O.B.E. (My Online Business Education)

They had NO retail sales outside of the company which the FTC determined was a pyramid scheme and shut them both down.

Also, it seems both Mack and Gara are determined not to go that route which proved to be a very smart move.

You Can Make Money As An Associate or Through eCommerce

Is VeloVita A Scam Or A Great Money Making Opportunity?

There are a couple of ways for making money.

You can become an associate.

This is different from MLM and you can drop-ship Bran through your eCommerce site.

People buy items from your site and the company ships it.

Also, there are no fees in becoming an associate and you will get 10% fees for every sale you make.

Next, you can make money as an associate. Associates buy items in bulk and sell personally.

You can also recruit people under you where you earn fees off of their activities.

VeloVita Has Very Few Red Flags And The Company Seems To Be Solid

Is VeloVita A Scam Or A Great Money Making Opportunity?

You don’t have a lot of red flags that many other MLM businesses have.

Many MLM businesses provide items that cost more than the public are willing to pay.

How many individuals have you know who would want one $65/month brain additive?

However, if the product is really good I don’t have a problem with it, but there are many people who do.

Especially those individuals who comparison shop on Amazon.

If you are looking at selling physical merchandise and also to enroll people in your network you will be paying $49.95/month.

When you sign up, you’ll have to purchase Bran for yourself.



The Commission Structure Is Complicated Just Like Other Network Marketing Companies in the Health Niche

 I do not go into detail over compensation plans in my reviews because I’ve chosen to let you research that on your own.

However, I will try to give a general idea of what to expect.

When you enroll, the larger you buy the higher the refund you receive and the more commissions you receive. There are 4 choices when you enroll:

  • 1 Bran Box of ($64.95) for an Advocate
  • 6 Bran boxes of ($324.75) for a Promoter
  • 12 Bran boxes of ($649.50) for an Influencer
  • 25 Bran boxes of ($1299) for an Ambassador

The company’s compensation plan is regular in MLM businesses and 23 pages in total.

If you are new to MLM business world, it will be very hard to decipher what the program says.

I’ll summarize the important points so you will be able to understand more clearly.

Retail Sales Are Encouraged

It’s the variation between bulk prices you purchase for and the regular prices sold to people. More purchases means bigger discounts for you.

Furthermore, you can drop-ship through your site without any expenses and make 10% fees. The company will do the shipping for you.

VeloVita Has 6 Different Associate Ranks

The company has six different associate ranks that you will be able to achieve. You jump from one position to another after achieving certain sales goals.

Also, you will receive bonuses when you jump from one position to another.

These are the positions:

  • Affiliate
  • Star
  • All Star
  • Rock Star
  • Super Star
  • V-Star

There are various commissions, bonus and fee structures: I will not go into specific detail on this review because it’s long and complicated.

  • Referral Commissions
  • Affiliate Commission Qualification
  • Retail Commissions
  • Referral Commissions
  • Residual Commissions
  • Matching Bonuses
  • Lifestyle Bonus
  • Quarterly Partnership Bonus
  • 5 Year Retirement Bonus
  • Referral Fees
  • Residuary Fees

VeloVita pays residual commissions through a binary compensation plan structure.

A binary compensation plan has YOU at the top of the binary structure and splits into two sides (left and right):

Is VeloVita A Scam Or A Great Money Making Opportunity?

First level of the binary has two positions.

Second level of the binary splits the first two positions into another two making it four in total.

This keeps splitting unlimited lengths deep, but a MLM will have some kind of cap on this.

These can be filled up directly or indirectly by team members.

Also, at the end of every week, VeloVita adds up all the investment sales volume on both sides of the binary team.

Residual commissions are paid based on “cycles”.

A cycle is produced when 200 GV in sales volume on the weaker binary team side is matched against 400 GV on the stronger leg.

This will cycle out $30.

Your Commissions Are Based On Your Rank And Your Sales

Residual commissions are capped based on rank:

  • Stars can earn up to $6000 a week (200 cycles)
  • All Stars can earn up to $12,000 a week (400 cycles)
  • Rock Stars can earn up to $27,000 a week (900 cycles)
  • Super Stars can earn up to $54,000 a week (1800 cycles)
  • V-Stars can earn up to $120,000 a week (4000 cycles)

Lifestyle Bonus

This bonus is weekly and is paid out to Star and higher ranked members.

  • Stars receive $125 a week
  • All Stars receive $250 a week
  • Rock Stars receive $500 a week
  • Super Stars receive $1250 a week
  • V Stars receive $2500 a week

If you want a better idea of how the compensation plan works, Click Here to watch a video explaining how it works.

Is There A Better Way To Make Money Other Than Multi-Level Marketing

VeloVita has strong products you cannot find at places like Amazon.

Getting retail customers is most likely going to be hard if you don’t have great promotional skills or a structure in place already.

Regarding an MLM business, VeloVita is really better than the others I’ve reviewed on this blog.

The merchandise is relatively strong, their fee plan is firm, and you don’t really have any red flags that other MLM businesses have.

However, my reviews are focused on the MLM or network marketing business model and it’s overall success rate.

Multi-Level Marketing Will Not Provide The Best Platform For Success

Many people who try MLM businesses end up falling through and it’s not their fault either. This is how these MLM businesses are.

The reality is you’re not giving yourself the bestpossibility of financial success with the muiti-level marketing business model.

Take a look at these startling statistics:

  1. According to FTC, 99% of all MLM participants lose money 
  2. The chances of profiting by starting your own small business are 38% more than by joining an MLM 
  3. The profitability rate of running an online business is 10% – 20% higher than the profitability rate of joining an MLM
  4. According to AARP Foundation, 47% of MLM participants lose money and 27% make no money whatsoever
  5. Among the 26% who actually earn a profit, 53% of them earn less than $5000 a year
  6. 39% of MLM participants quit because pitching products and services to friends and family jeopardized their relationships
  7. At least 50% of MLM reps quit within 1 year after joining an MLM and 95% quit within 10 years
  8. 75% of those who have joined and left an MLM state that they would never join another MLM in their life
  9. A 2018 poll of 1049 MLM reps across various companies found that most of them make less than 70 cents an hour, 
  10. 20% of them never made a sale
  11. 60% of them had earned less than $500 in sales over the past five years
  12. 32% of them acquired credit card debt to finance their MLM involvement

The point of these statistics is that multi-level marketing is not a good business model and making money as a mlm rep is never as easy as your upline or sponsor makes it out to be.

Building Your Own Affiliate Marketing Business Is The Better Way With Wealthy Affiliate

Here are 10 reasons why you should build your own affiliate marketing business with Wealthy Affiliate: (I can think of many more, but these are the ones that come to me immediately!)

99% of people who join MLMs end up losing their funds instead of making profits.

This is something nobody will tell you when they want you to register under them.

There are lots of reason for this, but the two major ones are:

1) Overpriced offers

2) Difficult recruitment 

Getting others to join in this age of COVID-19 will not be an easy task.

Social distancing and plain outright fear will make normal recruiting activities evtremely difficult.

To be successful on any MLM, you will have to recruit hundreds of people to register under you. 

Are you good at recruiting people to join a platform?

How many people can you even recruit?

Making money through MLMs is very difficult, especially in this time of the COVID-19 pandemic.

Furthermore, once the hysteria connected to the pandemic is over do you really think that recruiting people to join your business is going to get any easier?

Most MLM organizations are accustomed to holding in person recruiting or “opportunity” meetings in order to bring new people on board.

That’s going to be nearly impossible for the foreseeable future.

Similarly, there’s only so much you can do on Zoom or Skype when it comes to recruiting.

Then you have to consider the economic situation of the people you’re trying to recruit.

However, even if there were no “pandamic”, multi-level marketing is a bad business model.

From my perspective, there are rocky times ahead fro the MLM industry!

This is why I enjoy affiliate marketing; you won’t have to deal with any of these frustrating situations because you’re building a digital business.

With affiliate marketing, your entire business is run from the comfort of your home.

It’s a digital business.

You manage your business from your laptop or desktop computer.

Building my affiliate marketing business with Wealthy Affiliate was one of the BEST decisions I’ve ever made.

Create a FREE account at Wealthy Affiliate and see for yourself how simple the process is toward building your own affiliate marketing business.

If you want to read about fantastic success stories of ordinary people creating extraordinary incomes without multi-level marketing, read the following posts:

Talk Soon,

Howard


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