NeoLife|Scam or Legit MLM Health and Wellness Company?
Introduction:
Network marketing and multi-level marketing (MLM) became mainstream over the past half-decade, but these forms of marketing have been around for decades. While the two can be effective and profitable marketing techniques when applied appropriately, there have been many MLM-associated pyramid scheme allegations.
In essence, MLM programs rely on people like you to distribute the company’s products for an agreed upon commission. You can also earn money by inviting others to join the company’s distribution chain. NeoLife is one of the many and the oldest MLM company to have existed.
But is NeoLife a legit online business opportunity or just another pyramid scheme looking to rob you of your hard earned money and time? This NeoLife review will focus on answering this question, by uncovering everything you need to know about the company.
At LegitWorkOnlineForReal, our sole mission is to help online entrepreneurs like you find legit at-home job opportunities and shun online scams. This review will cover the following areas:
- When was it started?
- What is NeoLife all about?
- What does it cost to join NeoLife?
- How much money can you make with NeoLife?
- What we liked about the program
- Good vs. bad qualities
- What are internet users saying about NeoLife?
When Was It Started?
NeoLife was founded in 1958 by Jerry Brassfield under the name Golden Neolife Diamite International (GNDI). It was later rebranded to NeoLife in 2013 and runs the website NeoLife.com.
NeoLife sells health supplements and other well-being products via a multi-level marketing program. The company is headquartered in Los Angeles California, but is available in many countries across the world.
What Is NeoLife All About?
The company is in the business of producing and selling health supplements aimed at boosting it’s customers’ overall wellbeing. NeoLife’s product portfolio is categorized into different segments including skin care, home care, weight management, and core products.
As an entrepreneur, you can join the NeoLife multi-level marketing program, where you sell the company’s products and recruit new distributors to earn commissions. Independent distributors earn 3% to 20% commission, depending on one’s rank with in the MLM program.
However like most MLM programs, NeoLife’s program has a pretty complex compensation plan detailed in pages and pages of fine print.
What Does It Cost to Join NeoLife?
To join the NeoLife MLM program, you must pay an upfront $49 registration fee. In addition, you will be required to buy at least one of their three membership kits. These kits come with the training material and tools needed to succeed as a NeoLife distributor.
The three kits are the Senior Manager Kit for $1,530.00, the Manager Kit for $785.00, and the Builder Kit for $440.00. Typically, they claim that you stand to make more money if you pay more. Other costs that you must put into consideration are product purchase and auto-shipment fees.
How Much Money Can You Make with NeoLife?
Your potential earnings with this MLM program will depend on several variables, which means that different people earn different income amounts with NeoLife. Below are the major factors that will impact your NeoLife earnings:
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Affiliate Rank
Being a multi-level marketing program, NeoLife has sixteen rankings, and your earnings will vary from one rank to another. You move to higher rankings upon hitting specific goals like downline sales and recruiting.
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Retail Commissions
Typically, these are commissions earned from selling NeoLife products directly to customers. How much you make in retail commissions will depend on your Group Volume (GV), which pertains to the number of products sold by your downline. The higher your GV, the higher your commissions.
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Residual Commissions
This is the money members make off sales made by people below them in their downline. This basically means that you will earn a commission every time a downline distributor makes a sale. Like with retail commissions, your residual commissions will depend on your GV.
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Bonuses
The company offers a certain number of bonuses including a travel bonus, first order bonus, car bonus, network development bonus, new director bonus, leadership development bonus, and a rank achievement bonus.
NeoLife bonuses can be relatively small, but they will go a long way in supplementing your earnings.
Since each of these factors will influence your potential earnings, we cannot state with certainty that you can expect to make a specific amount of money monthly, quarterly, or annually. Considering the high sign-up fees, you should understand that some people end up spending more than they make.
What We Liked About the Program
Below are the things that stood out the most for us, concerning this online MLM program:
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Extensive Industry Experience and Expertise
Considering that the company has been in the multi-level marketing industry for over six decades, it’s considered a leader in this particular niche. NeoLife seems to have found the secret to dominating the industry, since most MLM companies don’t survive five years after incorporation.
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A Diverse Collection of Products
We also liked the fact that NeoLife has a large collection of health and wellness products. This means that users have a better chance of making more retail sales. With multiple products, you can cover a larger market with a diversified demographic.
Good vs. Bad Qualities
Most MLM companies often turn out to be pyramid schemesschemes that end up defrauding members. Due to this trend, some critics have raised concerns that NeoLife could be a pyramid scheme. But the claims remain unsubstantiated.
For this reason, we have reserved this section to uncover the good and bad about this program. Below are the advantages and disadvantages of joining NeoLife:
Pros:
- It’s a well-established company
- Available worldwide
- Multiple earning options
- Great customer support
- A large product selection
Cons:
- It is costly to join the program
- The auto-shipment charges can be costly
- Products are relatively expensive
- Low success rates
What Are Internet Users Saying About NeoLife?
At LegitWorkOnlineForReal, we believe that the best way to learn about any online program, is by reading customer or user reviews published by people who have already used the platform in question.
The goal here, is to get an understanding of the kind of experience that other users have had with the program. NeoLife has a 4.1-stars rating on GlassDoor, based on 77 reviews. Below are a few user reviews published by NeoLife users on the website:
Current Employee
Another Current Employee
Our Conclusion For NeoLife:
NeoLife is definitely a legit health and wellness MLM company that has been around since 1958, according to it’s website. The company offers online entrepreneurs like yourself a chance to make money by distributing it’s products and recruiting new distributors.
Like all MLM programs out there, you must meet a hefty registration fee and invest in purchasing stock from the company. Since the investment amount is huge, most members never get to break even. This is what has triggered allegations that NeoLife could be a pyramid scheme.
However, we have shown that there are many factors that determine one’s earnings with this program. More often than not, your earnings will depend on your individual efforts, commitment, and consistency.
If you happen to consider yourself a great salesperson, then NeoLife offers a great opportunity to earn a decent living – provided you can finance the hefty initial investment capital. But if you don’t have the money to join the program, you can check out other legit online job opportunities that we have reviewed on this site.
At this point, we welcome you to share your experience, comments, thoughts, and opinions about NeoLife. Thank you and see you in our next Review.
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