Today we will be reviewing a company called BellaHoot. Is BellaHoot a scam? Find out in this BellaHoot MLM Review.
You are probably just spending your free time relaxing in your room, trying to plan out how your day will go. Since the pandemic is still ongoing, you are not feeling so psyched with the thought of going out. Of course, this day is like any other day; stay at home, watch movies, and maybe work on a hobby or something.
That is until you received a random message from someone you do not even know, talking about “being your own boss” and “starting your own business”. Of course, you are quite intrigued at first, but as you decided to see for yourself what the pitch is all about, you begin to notice red flags.
That is when you decided to look around the internet for some more information. You realized that the person you talked to has purposely decided to leave out some important information from their pitch. And to learn more, you decided to read this review.
Good choice, to be honest. It is great that you decided not to trust in a hunbot so easily.
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 BellaHoot in any way.
Hopefully this BellaHoot MLM review can help you decide whether you want to sign up for the company or not.
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What is BellaHoot?
BellaHoot is a multi-media marketing company that sells nail accessories and products. The company is currently based in Arizona, United States. The products are also distributed to other countries including Canada, UK, Australia, New Zealand, Germany, and Denmark.
BellaHoot is a fairly new company, as it was launched on May of 2018. Other than this, I cannot find any more information regarding the company.
The company is owned by Michelle Kennedy. She owns another company called Stamped 4 You, which sells personalized jewelry.
You can learn more about BellaHoot’s products by watching this video.
How Do MLMs Work?
I reckon that you have not heard of an MLM before you came to this BellaHoot MLM review. This is why I decided to prepare this section for you today. We will be talking about some basic information about MLMs, and some common lies they like to tell people in order to gain their trust. This crash course is free, of course, so I suggest reading it all.
Today let us talk about how MLMs gain the interest of people. To be fair, that is what brought you here anyway. You got enticed by what is being offered to you. Honestly, it would be hard to overlook such a tempting offer. Just imagine if they are actually going to pay you better than a regular job.
If all their claims regarding possible earnings and financial success is true, then why don’t more people join MLMs? Why are many still working regular jobs against their will? They could’ve quit and sign up for an MLM instead.
Well, the problem lies with the MLM companies themselves. They love telling lies. In fact the hunbot who talked to you and got your attention has been told to lie, too. Being able to be your own boss sounds like a stretch, but hunbots are given scripts so that they sound believable.
They want the full loyalty of their members by telling them to drop everything and dedicate their time to the company completely. This is what pushes people to quit their jobs. When they realize that they have made the wrong decision though, it is already too late.
An MLM does not pay wages, by the way. They only pay via commission basis, which means that if you cannot sell the products, you will not be compensated. You basically work for the MLM for free.
Is BellaHoot a Pyramid Scheme?
Since BellaHoot members earn money both by selling services and recruiting new members, then it is safe to say that BellaHoot is not a pyramid scheme.
However, since BellaHoot 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 BellaHoot look like a pyramid scheme in disguise, doesn’t it?
Is BellaHoot a Scam?
No, BellaHoot is not a scam.
However, if you think this is enough for you to jump in BellaHoot’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. You can consult some of the sources I listed below. Take note that you can definitely consult any source you want to, but the sources I listed below are the best kinds to consult, for various reasons listed.
What Sources Should You Look For?
There are three kinds of sources that you can consult when it comes to researching MLMs. There are other kinds of sources, but I believe that these two sources will be of the most help to you.
Having to look for the best source online can be exhausting, but thankfully, you are already in the place where you need to be. That’s right. This BellaHoot MLM review, being an example of a third-party review, makes it one of the best sources out there. The other reviews in this website are also third-party reviews.
Why are they the best source, you ask? It is because a review is composed of information already compiled for you. You do not have to look through everything because the sources are all compiled already in one place. Also, third-party reviews have no connections with MLMs, meaning that they will only publish truths.
Online forums are also a good place to visit. You can discuss with other members the fruits of your MLM research, and they will respond accordingly. Forums are a great platform to exchange information and engage in discourse in. The members are also approachable and friendly to newcomers.
Some people you will encounter in these forums have been MLM members before. They will be able to share firsthand accounts of their experiences, so feel free to approach them too.BONUS : My #1 Recommendation To Make Money Online In 2021(Free Guide)>>
How to Make Money from BellaHoot
Since BellaHoot is an MLM, there are only two ways to make money with the company. and these are:
- Selling products
- Recruiting members
To start earning money in an MLM, you start with selling the company’s products. This sounds simple enough, right? You are eligible to purchase them at wholesale products as an MLM member, then sell them for their retail prices. However, being able to entice customers to buy products is a whole new hurdle for you to overcome.
Recruiting is a different matter though. This requires you to market the company using whatever means you can, and reaching out to people who might be interested in joining. This requires a lot of time and effort too, but it will pay off. You get to earn commissions from the sales made by those members you recruit.
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 Much Can You Make?
I was not surprised anymore upon finding out that this company does not publish an income disclosure statement. After all, why would they even bother breaking the mold? Most MLM companies do not publish one, which I think is the cause why BellaHoot does not feel the need to do so too.
If this company believes that they have kick-ass products and a good money-making opportunity, then why wouldn’t they be more transparent in regards to their members’ financial situation. After all, aren’t these people the reason why they are still standing?
In regards to that, they should be informing their potential members with the correct data in regards to how much they can earn. This way, they can have a better perspective on what the company can offer them. They could also decide whether the opportunity is worth it or not.
But no, of course they are not presented with that choice. Why would they be? If they are, then this company would’ve died long ago.
Things I Like in BellaHoot
Honestly, I do not really have anything positive to say about BellaHoot. They are fairly new to the business so I guess they are still figuring out how to do things. They do not stand out in any way, which means that is very unlikely for this company to become that big and successful. Only time will tell, though.
Things I Dislike in BellaHoot
Limited Information Available
As much as I wish to tell you more about BellaHoot, the fault does not lie with me. It is with the company. They are not being transparent enough, and it seems like they are not really giving out information about what they are all about. I wish they would see that this is a problem and change their ways as they continue to be in the business.
Not everyone is into nail art, nor is it a necessity. This means that the products they sell are a lot harder to market than MLMs who sells clothes or health supplements. Also, with the state of society today, people are only interested with products that they consider necessary, and I doubt that nail art is one of them.
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.
BellaHoot Compensation Plan
You can view BellaHoot’s compensation plan by clicking on this link.
The ways to make money in BellaHoot are as follows:
- Retail Commissions. Upon registering as a BellaHoot member, you are eligible for 25% commissions for every sale you make. This can increase by up to 30% upon meeting a $1,000 worth of product purchase.
- Team Commissions. You get 3% commissions from the Level 1 members of your team, then 2% on Level 2, and so on up to Level 7.
- Rank Achievement Bonus. Advancing ranks can earn you cash bonuses too, up to $1,000. The ranks you can climb in BellaHoot are:
- Peridot Consultant
- Amethyst Consultant
- Topaz Consultant
- Ruby Consultant
- Sapphire Consultant
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:BONUS : My #1 Recommendation To Make Money Online In 2021(Free Guide)>>
Final Verdict – BellaHoot
Before I end this BellaHoot MLM review, I would like to share a few more insights that could help you.
I am glad that you decided to read up until this point. Hopefully, I was able to help you out with this BellaHoot MLM review, and that you have probably decided on what you have to do now. Before that though, allow me to give you a few more bits of advice which could potentially help you out in your future endeavors.
First of all, check if the opportunity you are being offered is too good to be true. Offers like these are most likely not true at all. Second, if they ask you to pay first, that is a red flag. That is most likely a job scam, or in this case, an MLM pretending to be a legitimate job opportunity.
If you can notice, most people who join MLMs are the ones who are most desperate for cash, like single parents. You should not blame them for easily believing a stranger’s word, though. They just want to be able to provide for their family, while staying home with them as much as possible.
MLMs are pretty scummy, as the purposely target people who are struggling. They just want to make money, and maybe they feel like they are being underpaid by their jobs. MLMs often tell their members that working an 8-5 job is not good, when in truth, the “job” they are offering requires their members to work longer than that.
That would have been fine though if they are not lying to these people. They want to be the plce where people run to when they are suffering financially, but what they bring is even worse financial ruin.
Do not waste your time and money in an MLM. You should try out the opportunity in the next section instead. That does not involve any recruiting too.
That’s it for my BellaHoot MLM review. Hopefully this BellaHoot MLM review helps with your decision.
You Can Find a Great Opportunity Right Here, Right Now
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