Many online marketing opportunities appear today—yet gone tomorrow. Why is that so? In a word, lots of them chase new social trends. It’s a bit like a young child chasing the mythical rainbow. “First There Gets The Pot Of Gold”. For example, a company called HempWorx not that long ago burst onto the online scene. And, fast-tracked its way toward the gold mine. But, is the HempWorx an ideal business for you, given all the frenzy it’s attracting? Or would it be much wiser to give it second thoughts? Let me explain why, with this HempWorx MLM Review. We’ll look at the business, products and the opportunity, to see if it’s a right fit for you.
Who is HempWorx?
HempWorx is a Multi-Level marketing company selling health and wellness CBD Oils. The company, founded in 2017, by Josh and Jenna Zwagil. Headquarters located in Las Vagas.
In 2014, Josh began searching the online market for a business that he could call his own. But without success. So he decided to build his own.
Finally, he established a company called MyDailyChoice.
The business bubbled along for the next three years. And by 2017, Josh had settled on medicinal oils as being the primary product.
In that same year, MyDailyChoice was renamed, HempWorx and aligned it to the MLM business model selling CBD Oils.
What Are CBD Oils
CDB oils, made from cannabidiol. A natural lubricant used for a variety of ailment conditions.
CBD oils have become an alternative option with people looking pain relief, among other symptoms.
You could say, it’s becoming a medicinal substitute for Western Medicine.
How Is It Made
By extracting the CBD from the cannabis plant using a mixture of carbon dioxide and drying. Then blended with other oils. Usually from hemp seed or coconut.
Scientific studies indicate CBD Oils may help to ease symptoms for chronic pain. So, long term pain sufferers, looking for relief, are slowly switching to CBD Oils in preference to prescribed drugs.
According to the health and wellness industry, aspects of CBD Oils, are encouraging.
Primarily, HempWorx oils are CBD hemp extract, blended with secondary oils.
The HempWorx line of products that have the CBD Oil extract are:
- CBD Creams for Anti-Aging and Pain Relief
- CBD Oils
- CBD Pet Oils
- CBD Infused Dog Treats
What Does The HempWorx MLM Opportunity Offer?
Will the HempWorx MLM opportunity give you financial freedom? Most likely not.
Companies are attracted to the MLM platform, mainly because the ideals suit the way they wish to conduct their business.
Furthermore, those at the top of any MLM hierarchy are those who become very profitable.
Whereas, those at the grassroots tend to struggle.
That, however, doesn’t suggest the business is a scam.
As reported on HempWorx website, be part of a rapidly growing industry as the cannabis business may grow exponentially.
If you can believe the anticipated prediction. The growth
will be around 700% by 2020/1.
Business In A Box
HempWorx says they will help you get started with what they call, “Business in a Box”. Once you sign-on, they’ll supply you with a pre-made website copy. Plus for good measure, you’ll get a phone app, including a few tracking tools.
All sounds good, but is it? Many other MLM businesses do the same. So, it’s nothing out of the ordinary.
Businesses And The MLM System
Companies join the MLM system because of financial benefits to be had. Things where they save money, cheap running costs for production, and no advertising expenses. Whereby conventional business spends lots in hiring staff and heaps of money advertising and promotion.
Building A Network Of Believers
Instead of going down the conventional path, they create a network of loyal believers. What’s more, believers are willing to pay extravagant amounts of money. Believing that they too will become financially independent.
The term “Affiliates”, used by HempWorx, is a word not used in the MLM industry.
Is it a trick designed to have people believe it’s an Affiliate Marketing business? I’m not sure, but it is different.
Maybe it has a substance related to the founder’s background. Just the same, it raises all the red flags.
Don’t be sucked in by such a cheap glitz and glamour masquerade because it’s just another MLM opportunity.
If you are considering the HempWorx business, do so with extreme caution.
What Does It Cost To Join HempWorx?
Joining, you will need to pay a once only joining fee, $20. HempWorx, claim the charge is for setup and linking you into their systems. And you’ll also get a success starter kit.
But, parting with your money doesn’t stop there. Oh, no, don’t tell me I’ll have to buy products. Yep, that’s right. How much money you can afford will determine the size of your starter pack. Kits start at $69 up to $599.
Like always they’ll encourage you, buy the higher priced starter kit as that will increase your business value (BV). A quick start to your business.
What Is Jump Start Bonus
The jump start bonus is an incentive payment for orders lodged in your first month as an affiliate.
HempWorx says the bonus goes down to 10 levels, with the rewards adding up to 85% of the BV.
Maybe so, in reality, though, 85% of your personal BV will be distributed among your upline in your first month.
Why would that be? Because, that’s’s what the “Jump Start Bonus” means, recruit new people to the business.
More RED FLAGS!…
Persistent Recruitment of New Members
Soon after joining, your sponsor will start badgering you into recruiting people. And, they’ll also drive you into increasing your product holding and claiming that you’ll be setting yourself up from the start.
At a glance, it may appear they are looking after your interest and your business. But is that the real intention? Not at all!…
What they are not telling you, they earn a commission on all your purchases.
The affiliates you recruit need to be either placed on the left or right of your downline.
That’s strange, why would I need to do that, why can’t I put them underneath me? The second tier of recruits will fill the inner section for you. Now that’s a bit cagey.
Pay To Keep In The Game
Your commissions are locked and loaded into a monthly minimum BV.
What does that mean? You’ll need to place an order every month, totalling up to 40 BV to qualify for any bonuses..
If you intend being part of the game, you cannot afford any slip-ups or poor monthly sales figures. Otherwise, it could work out to be very costly.
Now that’s staggering.
Let’s recap you’ll need to buy product every month equal to or more than 40 BV. If not, you will be out in the cold.
Another red flag, “PAY TO PLAY”.
Rightie oh, so you have sold some products, but is it enough to cover next months order? Probably not. So what do you do? Lose the commission, or place another order.
Can you see why I’m drawing your attention to this? Things like this are typical examples of how to become trapped in a vicious MLM cycle.
Are You Able To Make Money With HempWorx?
You’ve likely heard some HempWorx affiliates are earning a reasonable monthly commission. And that is possibly true. However, they are in the MINORITY, not the MAJORITY. You see, the numbers of people who earn very little or nothing is staggering. And in many cases (more than 65%), never reach one year with HempWorx.
Furthermore, over 95% of those earning a commission, is way less than full-time employment.
Who Is Making Lots Of Profit?
HempWorx turns over enormous sales and profits because of its success. But that doesn’t mean those at the grassroots level will make lots of money with this opportunity. I’d go as far as to say you’ll make no money at all.
All MLM businesses treat you as just another customer, and not a partner of the company. And, HempWorx is no different.
Look At It Like This
You sign-on to be an HempWorx affiliate, and you place an order equal to your chosen monthly BV.
So, what are you doing? Purchasing products from HempWorx.
Immediately your order gets processed, HempWorx has made a profit without having to do any work other than prepare, pack and send out the request. Their benefit is guaranteed.
You, well, that’s a different story. You’ve got the products that you need to sell before you earn any money. And the crux of the matter is, you will only make money if you are experienced in marketing and recruiting.
That is why the affiliate drop-off rate is exceptionally high.
Is it any wonder, building and maintaining a downline is an endless task. Therefore, selling and recruiting need to work in tandem if you are going to have any success. One of the two on its own, won’t cut the mustard.
Growing Your Business
Before your business can continue building. You will need first to replace those that you’ve lost, month on month.
And by the way lets not lose sight, while all this recruiting is happening you’re not making any sales. So, it’s a dog chase tail situation.
Ponder for a moment, and think of it like this.
Someone offered you a position in their company and said to you that around 14/20 employees quit each year. Would you take on the role or not? That’s the type of situation you’ll face if you join HempWorx.
Who Is Making All The Money?
Generally, those who get involved in the very early stages of any NEW MLM business are more likely to earn significant money.
Primarily, as a new MLM business grows, so does their business. In essence, they become passive, fat cats.
Is it any wonder why those at the grassroots level feed those at the top rung of the business.
MLM Opportunity And A Pyramid Scheme
History has shown over and over, MLM businesses who operate outside the MLM guidelines, run the gauntlet until they are detected. And, in some instances can be several years. They have no concern about affiliates; they apply the churn and burn principle. Focus entirely on recruitment or out you go.
Genuine affiliate programs are contrary to the Pyramid schemes. They base their business structure around sales and products.
On-the-other-hand, a Pyramid Scheme is built around recruitment first. And products as a blind cover. Why is that? Because, that’s is where most of the quick money is earnt.
Popularity for CBD oil continues to gather momentum mainly because of the continual research and development. The oil Etis hailed as being the next generation of natural medicine. However, they are questioning surrounding the purity of HempWorx oil
The initial joining fee is relatively cheap. Including the basic kit, you can set up for under $100. Mind you. The basic package is the soup bones of the products. So when you consider the monthly BV and re-stocking of products, costs could climb rather quickly.
HempWorx Only Three Years Old
For sure, it is easier to make an MLM business profitable if you can jump on board early on. And that much harder for those fully established. None-the-less, there appear to be contentious issues surrounding the HempWorx opportunity. Whether founded or not. Time will only tell.
Lose Money Very Quickly
HempWorx will sell the story that it’s only meagre few dollars to join. That isn’t the issue. Like other MLMs buying products is where the cost is. HempWorx has a strict monthly buying policy. So staying in the game, you’ll need to comply. And, that will quickly run into sizable sums of money.
The parent company who owns and operates HempWorx is, My Daily Choice Inc. From all accounts, MDC has been around quite some time (Reddit Post). And from my understanding appears to have an unpopular record from several quarters.
New To The Market
CBD oils are a bit like a new kid on the block. There is little understanding of the oils or the benefits derived from it.
And research is a process yet to be completed,
leaves unequivocal evidence unfinished.
Being relatively new, and a by-product of the hemp family. There are lots of cautionary hype around CBD oils. So, it is attracting lots of discussion through the media.
Signing on with HempWorx will require skill and perseverance, until such time there is sufficient evidence to support the real benefits from the oil. Without scientific proof, potential customers may be a little suspicious, cutting you off, without hearing you through.
Is HempWorx A Scam
Not necessarily so. Research indicates the business operates within the confines of MLM fair trading. Similar to Arbonne and Nerium MLM Businesses. However, there are Grey areas with CBD oils and its legality in some parts of the world. So, in my candid opinion, it does appear to be a risk.
For instance, it’s incredible the number of people who are under the illusion that CBD oils are OK to possess. Not so, according to this report. With many caught up in a web of the policing authorities.
They believe that it is hemp, and that is an illegal substance and carries a prison term if proven.
For whatever reason HempWorx is acting under the delusion the oils are 100% legal throughout the world. That is a dangerous precedent.
For example, they quickly stopped selling into the Canadian market because the government deemed it an illegal substance.
Imagine, you’ve set yourself up somewhere around the world and invested heavily in your HempWorx business. Only to realize a short time later you’ll be arrested if you make one attempt to sell products in their jurisdiction.
For instance, many US States consider CBD oils a Grey area of an operative of legal and illegal.
Dependent on how the law views individual instances remains a mystery.
Marijuana, for instance, considered a hazardous substance, so, you stand a chance you’ll be arrested taken to court.
With a consequence of losing everything, you stand for in life. Is that what you want?
So I strongly suggest, tread with extreme caution.
My final thoughts, this company carries a lot of critical questions that remain unanswered, with many doubts hanging over it.
Therefore, I believe other opportunities offer much more than HempWorx.
Think of it like this? Are you seriously willing to take such a huge risk of facing prosecution? I’m damn sure I wouldn’t.
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