If you are reading this HempWorx MLM review, there is a likelihood that you are trying to find out if HempWorx is legit or a scam. Congratulations upon taking the time to research this system for yourself before signing up.
In this review, I will show you how the system works, the price you pay to become a distributor and start making money. I will simplify their elaborate compensation plan and show you the potential of available income if you were to go ahead and join this MLM company.
HempWorx MLM, Product Overview
HempWorx is a multi-level marketing company that specializes in health and wellness products in the CBD Hemp industry or medical marijuana. It was launched in the summer of 2014 by Josh and Jenna Zwagil, and the headquarters are in Las Vegas in the United States of America.
They created an affiliate program – My Daily Choice – where people could earn commissions for referring others and recommending his high-quality CBD products.
They believe in their products to be of the highest and purest quality available on the market today and provide laboratory tests to support these claims. These products can work on disorders like anxiety, chronic pain, depression, insomnia, PTSD and weight loss.
As a result of the popularity of their products, their growth is on the upward trend. They have set up many locations and have expanded their reach outside of the United States to include Australia, Canada and countries in Europe and Africa.
From the moment CBD and Hemp were legalized, more of these products are now available in all 50 states of the United States. The available flagship products are:
CBD anti-ageing face topical cream
Full-spectrum CBD oil
CBD bath bombs
CBD oil for pets, CBD dog treats
CBD Keto coffee beans
Hemp infused rejuvenation cream.
The Good and the Bad About HempWorx MLM
The Good About HempWorx MLM
- CBD products are increasingly becoming popular, and with continued research, they will be at the same footing as a natural medicine in the future.
- The initial costs to join HempWorx is low compared to the product quality.
- This MLM is still new in the market, which makes it easier to enter and market. People tend to be open to new products.
The Bad About HempWorx MLM
- The prices are likely to rise in the long run. It can be cheap at the start, but you must continue to purchase a package each month before you can earn money.
- The parent company, My Daily Choice, Inc., has been around for a while and seems to be very unpopular, even among business owners involved with other companies.
- Challenges selling CBD oil exist as a result of the conflicting knowledge people already have in the market. Not much information is available yet for people to determine their effectiveness. It has become a popular and controversial topic that almost everyone has an independent idea. Many people also base their medical marijuana claims around the bad publicity they heard.
How HempWorx MLM works
The HempWorx business opportunity page claims that you are signed up to be a HempWorx affiliate, giving the perception you are joining an affiliate marketing business. However, when you read more about the business opportunity, it is quite evident that it is not an affiliate program but an MLM company.
HempWorx not being an affiliate company is the first thing I noticed that is questionable. Why would they want you to believe you will be working as an affiliate marketer when in the real sense you will be building an MLM business.
Like most MLMs, they make money by the sale of your products and the hiring of other distributors. Although this company has a strong product line, its main focus is to show you how to recruit others for this system.
The compensation plan is also quite complicated, as there are several ways to earn money by hiring other distributors. Turnover (BV) also plays a role in your earning potential as some bonuses and incentives encourage you to become a leading business partner.
There is also the possibility of earning up to 85% turnover (BV) per share.
HempWorx MLM compensation plan
When you partner with HempWorx, you build a MyDailyChoice business that offers a unique opportunity where you, as an affiliate, can share your amazing products with people you know and enjoy the benefits of the company’s rewards program.
The competitive compensation plan can pay 85% of business volume (BV) based on the number of sales you make and the number of BV credits you accumulate during the month.
Distributors will have the opportunity to buy products at wholesale prices and sell them at retail prices. Once you make a sale, you earn the difference between the wholesale and retail price.
It is better to purchase a starter kit to qualify to buy products at a discounted rate and earn at least 40BV per day.
There are various components associated with your compensation plan, as shown below.
Quick start bonuses
These bonuses have the potential to earn up to 85% in BV credits up to 10 deep levels. The chart below to get an idea of how much you could potentially make from these bonuses.
A minimum of 40 BV in personal turnover in a calendar month is what is required to qualify for these bonuses. They are paid on Thursdays of each week, depending on the number of sales you had in the previous week.
Binary Team Commissions
These types of commissions are paid monthly with generous earning potential of up to 20% commission in the smallest segment; they claim to be one of the only companies that can make up to USD 1,000,000 per year.
HempWorx Binary Equipment
You must have at least 40 BV to qualify for this type of bonus as well as 90 BV for the left and right legs of the binary tree in addition to having at least 300 BV on the smallest branch of the binary tree.
HempWorx compensation plan
As a preferred customer, you have the opportunity to refer others to this system and share your personal experience with this system. By using your referral link located in the administrative office, you can receive free products delivered to your door for every three people you successfully recruit for this system.
For every third person you recruit, you win free products that you can use in your daily life, making it easier for you to sell and recruit people if you use these products yourself. The first-hand experience you gain on what they are and how they work is necessary to boost your confidence.e
Global Bonus Fund
HempWorx takes 2% of its revenue and turnover and sells it to specific subsidiaries that meet the following requirements every month.
Generate at least 40 personal business (BV) volumes each month.
Register at least four customers or distributors in the system every month
You have the opportunity to win one share in the corporate group by meeting the above requirements every month.
However, if you want to take things to the next level and win up to two divisions at once, you must go up the ranks to unlock this feature. To qualify for this, you must have at least an associated 5K level.
Shares are only paid once to the partner company with the highest rank. Commissions are paid monthly on the first Thursday of each month.
Rank incentives and bonuses
As you move up in rank and start earning turnover (BV), you are rewarded for building and maintaining your status. It is a one-time payment, that depends on your ranking. There is a chance of earning between $ 500 and $ 100,000 in bonuses.
To qualify for this bonus, you must have generated at least 90 personal turnovers each month, as well as maintain your rank for 90 consecutive days. They pay out this type of commission on the second Thursday of each month.
VIP Auto Club
If you regard yourself as an entrepreneur and an unconditional recruiter, this incentive is for you. If you are at the $ 5,000 affiliate level and have maintained your rank for at least 90 days, this is the next incentive that will unlock your compensation plan.
HempWorx VIP Car
You will receive a monthly car payment added to your monthly earnings once you have met the requirements to unlock this part of your compensation plan.
To qualify for this bonus, you must maintain your ranking for at least one month after receiving your unique ranking incentives, as I mentioned in the previous section. This amount ranges from $ 150 to $ 1000 per month depending on your rank and where you are in the system. Payment of these bonuses is on the second Thursday of each month.
HempWorx MLM Training
As you develop your business, support is guaranteed every step of the way. As the industry leader in innovative business ideas, HempWorx prides itself to be able to provide affiliates with free and advanced training in network marketing.
They offer applications that are easy to use on all mobile platforms in addition to presentation options in classes. If you are online, they offer you free training videos and live broadcasts. Weekly management of your business is an assurance.
HempWorx MLM Price
Depending on what your intentions are, if you are more inclined towards the business opportunity, you will have to pay a dealer fee of USD 20 and meet the purchase requirements for the enrollment level.
As I shared earlier, affiliates get a 25% discount on their orders and can earn some money by purchasing products at wholesale prices and sell them at retail prices.
You can start with USD 59 (for the Pet Products Entry Package) but as you can end up investing up to USD 619 for the Executive Package. Like many other MLMs, you must keep buying a package every month, whether you use it or not to maintain your rank and stay active in this system.
My Final Opinion of HempWorx MLM
Due to the restrictive laws allowing the full use of medical marijuana in some states in the United States and many countries worldwide, there are still limitations that do not allow you to reach out to a big market.
With the current situation regarding the use and possession of marijuana as well as marijuana products such as CBD oils, prepare to face a few challenges promoting and selling these products.
However, there is a legitimate way to do business online, which you can start today!
Check out my number one recommended way to run an online business full time. Best of all, you do not have to worry about law enforcement knocking on your door to verify the legality of your business.