|Industry:||Multi Level Marketing|
|Founders:||Derek Maxfield and Melanie Huscroft|
|Head Quarters:||Utah, USA|
|Products :||Beauty and Cosmetic Products|
Younique is a network marketing company that deals with the manufacturing and selling of main beauty and cosmetic care products, like eyelashes, skincare products, etc.
Their stated mission is to “uplift, empower, and validate women across the globe, helping a global family of women realize their potential for personal growth and financial reward.”
They claim that they want to give all the women out there an opportunity to empower themselves both personally as well as financially by marketing the Younique products, which are exclusively made for the women.
Build your business with best MLM Software to eliminate all your Network Marketing problems
Their product line mainly comes under the category of make-up products, and hence all of their independent business owners are females. They sell products made for women or the ones that usually women use in their daily lives.
We’ll listing out all their products will be needing a completely new blog. So instead we will just some of their product categories and ones that come under this category.
The above given are some of the major products categories they deal with. The product they are really proud of their premier product is called Moonstruck 3D Fiber Lashes.
They have actually put in a lot of effort to develop and market this product. They claim that it is made from 100% green tea fibers. But there has also been some controversies regarding this. In the internet, various sources have mentioned that their Moonstruck 3D Fiber Lashes are made up of ground-up nylon, which is obviously not natural.
Just like any other MLM company you can earn money through Younique MLM company also in two ways:
1. By selling their products at retail prices, which will be provided to you at wholesale prices.
2. Recruiting more people under your downline and thus earn bonuses.
To get started, you will be needing to pay a fee of $99, where you will provide with their Presenter Kit (Starter Kit).
The things included in the Starter Kit includes:
One of the positives of the Younique MLM company is that it comes with certain basic products, which most of the other MLM companies do not provide.
In those ones, you will have to buy their products additionally apart from the Starter Kit price.
The Starter Kit provided by Younique is more than enough to start your own Younique business.
Younique Compensation Plan also follows the pattern of almost all the other network marketing companies. You will be needing to conquer various ranks or positions.
You enter the Younique business with a White Status and you can reach till the Black Status, which is shown in the picture given down below:
Image Source : Younique Products
The idea is simple, the higher the rank you possess, the commissions and bonuses you earn will also be the better.In the picture above, you can notice that the retail commission percentage starts at 20 % for the ones in the White category and it improves as your status advances. The maximum retail commission percentage that you can earn on retail sales is 30%.
Now the thing that comes to your mind may be how to advance your status?
Well, it’s simple. The thing you have to do is to sell more products and recruit more people to your downline. The status which you holds will be determined by the sales volume you create as well as your downline’s sales volume.
One of the best ways to make a better understanding of the business opportunity provided an MLM firm is to look at the already signed up members of the program.
Are they really doing good money?
According to the information collected from the talented ladies club, Younique business owners are only making less than $14 per month, which is really not a great figure.
Also, we made research from our side so that we get a better outlook about them.
And we could find out the given below details.
|Revenue||Presenter Incentives||Presenter % Paid|
|$ 395,881,049.00||$ 87,349,881.00||22.06 %|
From the table above we can find that the Presenters were paid about 22.06 % of the revenue created by the company.
Younique compensation plan offers up to 48% as commission, only less than half of it was paid. It may not be the fault with the company. The main reason behind it is that most of the independent business owners never made it past the White Entry Level rank.
Younique has almost 10,00,000 independent business owners around the world right now. And when calculated it tells us that on an average each presenter receives around $87.39 as commission or bonus for the entire year of 2016.
Well, they might have fewer presenters during that time. So let us estimate that they had half a million presenters. So then the average annual income for Younique Presenters will be around $175.
The system offers financial rewards, but only on an average rate. The truth is that Younique presenters are making less than 4 Dollars a week.
Recommended Read : FM World Review – A MLM Business Perspective
Younique is definitely a great network marketing firm and the findings show that they will still hold strong in the future too with the products they deliver. But as an MLM enthusiast who wishes to reap the best benefits from this company would require some real hard work and dedication. It would not be an easy walk!