Today we will be reviewing a company called Aquasource. Is Aquasource a scam? Find out in this Aquasource MLM review.
You’ve probably come here because you’re interested in Aquasource’s “income opportunity”. I can’t say I blame you for feeling enticed by it, though.
I’m sure whomever informed you about Aquasource tried all they could to get you to sign up for it. Isn’t that why you went online to read reviews?
If you haven’t heard of Aquasource until the hunbot you met on social media informed you about it, that’s understandable.
In fact, I’ll be even more astonished if you’ve heard of the business before, since, like any other MLM, they’re fairly obscure.
Because MLMs do not do any marketing and instead rely on their members to do it, the hunbot you met is undoubtedly working hard to promote the business.
If you believe that annoying people online earns them a lot of money, you are mistaken.
Find out how Aquasource members are compensated in the following sections.
Before we go further in this Aquasource MLM review, I will define two terms first: MLM and pyramid scheme.
MLM members make money by selling products and recruiting new members. In pyramid schemes, members could only make money by recruiting people. Pyramid schemes are illegal and banned by the FTC.
As a disclaimer, I am not affiliated with Aquasource in any way.
Hopefully this Aquasource MLM review can help you decide whether you want to sign up for the company or not.
Before we proceed with the Aquasource MLM review, check out my #1 recommendation to making money online after reviewing 300+ MLM companies.
What is Aquasource?
Aquasource is a multi-level marketing company in the health and wellness niche. The company was founded by Robert Davidson and David Howell in 1994.
Both of them promote the treatment known as homeopathy. Basically, homeopathy is a kind of treatment based on the idea that the body can heal itself. and all that is needed to activate this healing process are natural substances.
Currently, the company is based in Ireland, and the current CEO is Arthur Spurling.
The company donates a portion of its profits, 10%, to be exact, to an organization known as LightSource Charity. This charity was founded by Spurling and his wife. Its goal is helping schools provide a better learning environment for its students.
Aquasource Products
The company sells the following types of algae-infused supplements:
- Organic Algae
- Organic Algae Powder
- Sea Power Algae
- ColActive Colostrum
- Bifidus Complex
- Acidophilus
- Digestive Enzymes
- ColActive3
- Green Energy
- Super Antioxidant
- CoQ10 Complex
- …and a lot more!
How Do MLMs Work?
Welcome to the part where we discuss why MLMs are the worst, why I recommend avoiding them at all costs, and why I believe the FTC should have already outlawed all MLMs.
Today, we’ll discuss the typical falsehoods that MLMs tell their current and prospective members.
To be honest, MLMs are based on a foundation of lies. I can’t think of a single element of MLMs that doesn’t include some kind of deception.
To begin with, many MLMs promise financial prosperity if you join them.
They are constantly bragging about how many individuals got successful after joining, but they ignore the bulk of people who are taking the fall for this chosen few.
Those who are fresh to the MLM business concept are treated unfairly.
New members often have to spend hundreds or even thousands of dollars just to get started, and there’s no assurance that they’ll be able to sell the goods in their starting kit.
However, I can tell you that there is no way to profit from MLMs, particularly given how flawed their business model is. You are mistaken if you believe you can join an MLM and establish your own little company.
Recruitment is valued much more than product sales in MLMs. That is not how a small company should be managed. Isn’t it true that the most important aspect of a company is to sell?
All of this recruitment foolishness leads me to believe that MLMs are just disguised pyramid schemes. If you want to remain debt-free, don’t join one.
MLMs are a waste of time and money, and they have no place in today’s society.
Is Aquasource a Pyramid Scheme?
Since Aquasource members earn money both by selling services and recruiting new members, then it is safe to say that Aquasource is not a pyramid scheme.
However, since Aquasource is still an MLM, do not expect to make money if you have no plans on recruiting people. Recruiting will earn you significantly more money than actual product selling, and is more encouraged.
This just makes Aquasource look like a pyramid scheme in disguise, doesn’t it?
Like ASEA, Traveling Vineyard, and One2One Diet, Aquasource is not a pyramid scheme.
Is Aquasource a Scam?
No, Aquasource is not a scam.
However, if you think this is enough for you to jump in Aquasource’s so-called opportunity straight away, then I suggest that you hold your horses. This is just the most basic thing, so don’t go signing up for this company right away.
Before making your decision, I suggest that you do a thorough research on the MLM first.
If you want to make money online, check out this logical business model that helped 6000+ people.
How to Make Money from Aquasource
Since Aquasource is an MLM, there are only two ways to make money with the company. and these are:
- Selling products
- Recruiting members
These are just a few of the most fundamental methods to profit from the business.
You may, however, be eligible for incentives and perks that will help you make more money. The qualifying process, on the other hand, is a whole other story.
To qualify, you’d need to construct a downline, which is more difficult than it seems. This is where the recruiting process comes into play.
Recruiting, on the other hand, is difficult since most individuals who are interested in MLMs want to be consumers rather than members.
You may earn passive money using Aquasource. Selling goods, however, will not provide you with that. You’d have to recruit people constantly since the more people you have working for you, the more money you’ll be able to earn.
Remember that the MLM business model is not sustainable, so as time goes by, you will run out of people to recruit.
MLMs do not really care about how many products you sell. What they care about is how many you buy and how many people you can bring in.
How to Join Aquasource
According to a distributor website, the price to join Aquasource is €49.50. This includes the starter kit.
How Much Can You Make?
Aquasource does not disclose the income potential to their new members. This implies we don’t have any reliable information on how much money people may earn by joining this business.
MLMs should make this information public because prospective members have a right to know whether or not they can earn money with the business. They need this information because what good is a side business if you cannot profit from it?
Aquasource seems to be concealing something by withholding this information from the general public. Their members are most likely not earning any money anyway, so they choose to hide that fact from the public.
Things I Like in Aquasource
Established Company
This company has been in the business for more than two decades, meaning that they have become an established business.
Keep in mind that most MLMs do not last three years in the business. For Aquasource to still be in the game for more than two decades is truly an achievement that should not be underestimated.
Wide Product Selection
Aquasource sells different types of supplements. It seems like their goal is to be able to cater to everyone’s needs.
This is a good thing since they will be accepting a lot of people as customers. Customers are always after a one-stop shop which will provide them with the products they need.
Things I Dislike in Aquasource
Lack of Information Available Online
Aquasource is not really that open with vital information, such as their income disclosure statement. Well, most MLMs do not have it anyway.
What I am concerned with is that they do not seem to have their compensation plan accessible, too. They should know better that that information is being consulted by potential members.
Saturated Market
There are hundreds, if not millions, of health and wellness businesses selling the same items. There is a lot of competition, and this company does little to differentiate itself from the others.
I’m familiar with a number of different brands and businesses that offer higher-quality goods and are accessible at your local stores. You also wouldn’t have to deal with an MLM distributor.
Furthermore, since these businesses effectively promote and sell their goods, they are certain that consumers would seek them out. That is not something that MLMs do.
It is an MLM
This is an MLM, so it means that a lot of people definitely failed in this venture. In fact, 99% of people who join MLMs fail to make money, and they do not even earn back their initial investment.
If you want to make money online, check out this logical business model that helped 6000+ people.
10 Shocking MLM Statistics That You Need to Know!
- Almost 99% participants of all multi-level marketing companies lose money, according to the FTC.
- There are 38% more chances of you profiting from your own any kind of small business than joining these MLMs.
- Success rate of an online business, which will give you financial and time freedom, is 20% more than joining MLMs for making money.
- The odds of you winning a lottery worth $10k among 10,000 people is 300 times higher than actually making money from MLMs.
- According to the AARP foundation, 47% distributors of all MLMs lose their money. Apart from this, 27% do not make a single penny.
- In the remaining 26% that actually make money, 53% of them make less than $5000/year.
- 39% of those 53%, who are making $5000/year quit because recruiting and selling crappy products to friends and family members jeopardized their relationships.
- Forget about building a long term business with MLMs, because 50% of all MLMs participants quit within one year.
- 75% people that joined MLMs say that they will never again join any kind of MLM.
- A poll was conducted in 2018 among 1050 MLM distributors and it was concluded that most of them made 70 cents an hour and 20% of them did not make a sale. 60% of them made less than $500 in sales over the past 5 years and 32% of them acquired credit card debt to finance their MLM involvements.
SOURCES:
Final Verdict – Aquasource
Before I end this Aquasource MLM review, I would like to share a few more insights that could help you.
MLMs often claim that you can “be your own boss” and “pick your own hours,” but the truth is very different from that.
Have you ever wondered why MLMs need you to meet a monthly quota or you’ll be dropped? Why would you need to obey a rule like that if you are your own boss?
Why should you have to pay for the goods with your own money? Isn’t it possible for you to wait for orders first?
Even if you are unable to sell the items, you must continue to purchase them in order to fulfill your monthly limit.
It’s amusing how MLMs come up with all these ridiculous regulations. Doesn’t it seem like you’re not truly in charge of your own business since you’re purchasing goods with your own money?
It’s amusing how they constantly claim you’re running your own company but in fact, they’re in charge of everything you do.
You don’t seem to be in charge of running your own business, from the sales techniques you may employ to the number of goods you should sell.
Do you really want to spend your time working for such a company? They’re not even going to pay you for all your efforts.
Steer clear from MLMs. There are many more options available to you that will not put you in debt or put your savings in danger.
That’s it for my Aquasource MLM review. Hopefully this Aquasource MLM review helps with your decision.
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