MonaVie Review – Scams or Real Opportunity?
Business → Marketing & Advertising
- Author Jon Koh
- Published April 26, 2010
- Word count 694
If you are looking to join Monavie, to realize your financial dream but not sure if this is a Scam or Real Deal, this report will help you to make a firm decision on the company and the probability of achieving your Financial Freedom, working from the comfort of your home.
Began in January 2005, MonaVie is a nutritional company distributing beverage products made from blended fruit juice concentrates with freeze dried acai(pronouced as "Ah Sight EE") powder and puree through a Multi Level Marketing (MLM )Busines Model.
MonaVie juice was first launched by Monarch Health Sciences, a MLM distributor of diet and weight loss supplements. Later Dallin Larsen, a Finance graduate from Brigham Young University and founder of Monarch Health Sciences started MonaVie LLC, which took over the manufacturing and distribution of the MonaVie Product.
In September 2009, Monavie, Inc. was ranked 18th on Inc. magazine's 500/5000 ranking of the fastest-growing private companies (based on claimed revenue from 2005 to 2008) in the North America. However, as a privately held business, MonaVie is not required to publish financial data, making such claims difficult to judge.
Product
The MonaVie product offering includes bottled juices, MonaVie Original, Active, Pulse, and M (mun) in addition to gel pack versions of these products and an energy drink, EMV.
MonaVie Juice, the first of its product claims to offer powerful anti-oxidant protection against free radicals and other health benefits. Users with testimonies have found the drink to help in improving their health condition although scientific confirmation are still not comprehensive in the health benefits of this product.
Compensation Plan
There are 9 level of bonuses with MonaVie Distributors.
The first 4 types are the retail bonus where you get rewarded for selling or when your downline made purchases. Firstly you make profit from buying the products at wholesale price and sell at retail price of your choice. If you enroll your customer as a preferred customer, their purchase will be marked as your Personal Volume(PV). The next 3 bonuses are the Top Retail Bonus, Bulk Order Bonus and First Order Bonus, these are one time bonus or when your downline placed a bulk order.
Star Bonus, is where you have recruited 2 distributors personally, you get to earn up to $40 from their sales.
Team Bonus, this is awarded to the team that has 500PV per week, limited to $10,000 per week.
Executive Check Match Bonus, paid to you for the first $2,500 of the team bonuses paid to your downlines.
Lastly there are Leadership Bonus and Multiple Business Centers, these are the Blue Diamond Executives level and above bonus where you could be remunerated upto 2.5% of the company total Group Volume.
According to the Monavie US 2009Mid Year income disclosure statement, it shows that about 50% of the company's distributors earned an annualized average check of less than $1,300, and 35% took home about $1,800; approximately 1.5% earned an annualized average check of more than $29,000, and just 7 out of 92,000 distributors was rewarded more than $3 million.
Marketing Plan
There appears to be no standard marketing plan for the distributors.
However comments from the MonaVie distributors appears to suggest that their marketing plan to be "Tell all your friends about this Wonder Juice" Concept: this is the Secret Formulated Juice which will solve many of your health problem, drink it and be well, by the way do you want to be a distributor too to enjoy the wholesale price?
Well this is a traditional strategy for many years and would continue to work well for a very Small percentage of network marketers, as stated in the Income Disclosure Statement, about 1.5% or less.
If you like product parties, hotel meetings, home presentations, recruiting friends and families, and cold calling, this marketing plan could fit your preference, but do take note that this strategy could take 3-5 years to implement successfully and realize your dream.
Is this legitimate?
This company has been around for a few years and it is a legitimate business opportunity, although the products appear to be overpriced without much scientific support, many consumers or users have testimonies about it improving their health and well being. The compensation plan is generous and balanced between product retailing as well as sponsorship of distributors downline.
If you are looking for a Fasttrack to achieve Financial Freedom in MonaVie, follow this link to access the MonaVie Marketing Plan.
Jon Koh is an Online Marketer Specializing in Attraction Branding and knows how to help you build your business to the best it can be. Visit Jon Koh MLM Success to find out more about this Attraction Marketing Formula.
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