In this writing, you will be able to view the complete review of Eleprenuer along with its MLM compensation plan review. Are you wondering about joining Elepreneurs or wanting to know whether it is a legitimate MLM company? In this article, you will be able to know the complete details about Elepreneur MLM company.
Elepreneur MLM Compensation Plan Review
|Name of the organization||Elepreneurs|
|Year of foundation||2017|
|Industry type:||Network Marketing or Multi-level Marketing company|
|Joining Price:||$49 annually with the price of product and auto shipment|
|Company Rating:||30 out of 100.|
What is Eleprenuers?
Elepreneur is a new MLM company established in 2017 by Rob Oblon. Here the company website is not describing any product which needs to be sold. The distributors will be selling the product of other MLM companies such as Elevacity ( Elepreneur’s business seems to be despairing, and with this product, they revived their MLM business opportunities).
The success rate of Elepreneur MLM company seems to be very low, and it is not satisfying when compared with other MLM companies.
What is Elevacity?
This is also an MLM company founded by the founder of Elepreneur. The business started floundering and save the MLM business operations, Eleprenuers was established. The distributors of Elepreneurs sold the products of Elevacity.
Products offered by Elepreneurs
As already discussed, the products of Elevacity are sold by Elepreneurs. This includes healthcare products with energy patch, sleep patch, and hangover patch.
How to make money with Elepreneurs?
To make money with Elepreneurs is the same way we make money via Multi-level marketing business. The members can sign up with Elepreneurs to sell the products and earn the commission, bonus as per their MLM plan. Rewards are offered for sponsoring the downlines for the MLM business.
Is Elepreneurs A Pyramid Scheme?
Some always criticize that all MLM business is a pyramid scheme which need not be true always.
Some MLM companies comply with the standards and are found to be legitimate to some extent. Elepreneurs fall under this category of MLM companies. When the MLM company is only focussing on recruiting without having any products for their MLM business, then it is found to be illegal whereas in Elepreneurs they have their product for MLM business. So it is evident that they are not an illegal pyramid scheme.
Very Low Success Rate With Elepreneurs
The success rate with this MLM business is very low. People lose money instead of making money with Elepreneurs. People at the top management earn commission due to their downline sales happening in the MLM network. Whereas it is very difficult for the members at the bottom level to earn the commission.
When the distributors earn a commission, it is more than $200 a month. It would be a good source of making money if the distributors can make $1000 monthly, but it is almost impossible with any MLM business.
The Joining Price In Elepreneurs
The annual price is $49 to join in Eleprenuers. However, the distributors need to promote their product sale or let the customers try out the sample pack of the products. These are called the Enrollment packs.
Following are the three different packs available in Elepreneurs :
- Happy- $249
- Happier -$499
- Happiest -$999
There is another joining price for the distributor and that is the auto shipment. It means the distributors have to purchase products of worth $40 monthly to proceed with the sale. In overtime, it will be bundled up with $400 worth products where the sale will not happen in the initial stage.
In MLM business, Auto Shipment is one of the fraud schemes where the revenue is generated from the distributor purchase rather than the customer purchase.
Depending upon the percentage of revenue generated, it can be analyzed whether Elepreneurs is an illegal pyramid scheme.
Eleprenuer MLM Compensation Plan
Elepreneurs is not an exceptional case when compared to other MLM companies, it is also having a complicated compensation plan.
Here you can see the important parts of the compensation plan
#1. Elepreneurs Affiliate Ranks:
There are 12 affiliate ranks in Elepreneurs. The distributors will be able to achieve the higher ranks based on the number of recruits and the downline sale happening in the MLM structure.
If distributors earn 2500 GV( Group Volume ) per month, then they will be able to achieve the bronze rank. This number will increase as the distributors move up in rank position and this will go up to 2,000, 000. It is very difficult for the distributors to get through the first couple of rank positions in Elepreneurs.
#2. Infinity Bonus:
Infinity bonus is a commission that is rewarded for recruitment and it follows the uni-level structure to payout the infinity bonus. Here the distributors get a 20% match on the sale generated by the two affiliates for each affiliate they recruit. If the downlines recruit two more members then the match of 20% is earned for the recruit’s recruit. It goes up to infinite levels in the MLM structure.
#3. Retail Sales:
The distributors are allowed to earn commissions by generating the sale volume by directly selling to the customers but this compensation plan is focusing on recruitment.
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Products Categories Of Elepreneurs
They don’t have their own products and sell the products of Elevacity
The product categories are as follows:
It is a mixture of their nutritional product XanothoMax and their beverage products like Coffee, Chocolate shake mix, etc. The cost of this combination is over $100.
#2. Wellness Functional Beverages
This is also a part of DOSE product category where you can buy the beverages filtering out the supplements. This category includes Choclevate, Elevate Smart Coffee, Elevate NITRO.The price for the Elevate NITRO is $65 and whereas for the other two, it is $55.
#3. Wellness Supplements
Two supplements offered are as follows
- Elevate Pure 2.0 – Used to take away the toxins
- Xantho Max-It is an antioxidant
#4. Wellness Vitamin Patches
As we have already seen, there are three patches, and they are as follows:
- Sleep Patch
- Energy Patch
- Hangover Patch
#5. Skin Care
The three types of skincare products are as follows:
- Elier Moor Mud Mask
- Timeless Eye Gel
- Elier Facial Serum
Recap the negative facts about Elepeneurs
Following are the negative points to be highlighted
- The success rate is very low
- The fraud scheme-Monthly auto shipment
- Joining price is pretty expensive
- Focussing more on recruitments and thus bothers your friends and family circle.
Is Elepeneurs A Scam?
We cannot say it as a perfectly illegal pyramid scheme or a scam since they have the products to promote the MLM business. At the same time, it teeters on the corner of being illegal since it is following the auto shipment to generate the sales.
They are focussing more on recruitment instead of retail sale and it seems to look like a part of an illegal scheme. Wholeheartedly we cannot say that it is not a scam.
Read more to know about other MLM Company Reviews
Hope in this article, you will able to find the complete details along with the Elepreneurs MLM compensation plan review. It also helps you to know whether it is a legitimate MLM business or scam.
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