Today we will be reviewing a company called ByDzyne. Is ByDzyne a scam? Find out in this ByDzyne Review.
There is no way that you knew about ByDzyne before that hunbot reached out to you. That is because ByDzyne is an MLM. MLMs are pretty obscure in nature, because they prefer to operate differently from regular companies.
MLMs like ByDzyne do not do proper marketing and advertising. Basically, they do not really put up tarpaulins or run TV commercials to get the name of the business out there. They get members to sign up to the company to do it for them.
Well, that sounds alright, but the problem is they do not properly compensate those people. You read that right. MLMs often boast about how successful their members are, but how valid is this claim, really? How are the members supposed to be successful when they do not even get paid properly?
As you continue reading this ByDzyne review, you will learn quite a lot about the company, and the MLM industry in general. Hopefully, by the end of the review, you will be able to make a sound decision. Grab a snack and relax, and I will do the talking.
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 ByDzyne in any way.
Hopefully this ByDzyne review can help you decide whether you want to sign up for the company or not.
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What is ByDzyne?
ByDzyne (pronounced “By Design”) is a multi-level marketing company that offers a wide selection of products. They sell health and wellness products, along with other products belonging in the travel and technology niche.
The company was founded by Nat and Chanida Puranaputra. They were involved in World Global Network and Organo Gold before. During their time with World Global Network, they were earning $450,000 a month.
You can learn more about ByDzyne by watching this video.
ByDzyne sells products in the following niches:
- Health and Wellness
Their flagship product is the TUW Smartwatch. The watch retails for $285, but costs only $199 for members. However, it gives me quite the vibe of a cheap watch which you can buy on AliExpress. It costs too much compared to brands that are well-known and trusted by the public.
How Do MLMs Work?
Now that we have talked about ByDzyne’s origins and products, let us take a break from the review at the moment. This section is dedicated to talking about the bigger picture, which is MLMs in general.
I have already reviewed hundreds of MLMs, and from all the information I gathered about them, I can positively say that they are all pretty much the same. The only differences they have are the names of the companies themselves, the branding of their products, and the terms they use in their compensation plan.
Basically, MLMs are just a copy of one another. There also seems to be an MLM for everything nowadays. I am sure that you are used to seeing MLMs selling health products, cosmetics, and clothing. Now, it seems like there are MLMs who specialize in services too, from phone and electricity services, legal services, and even streaming services.
The question is, how come people still buy from MLMs?
Nowadays, online shopping is the norm. With this pandemic upon is, it has become a normal occurrence in our lives to order something online. It is convenient. It supports the currently weak economy with minimal risk of spreading the virus.
With this in mind, a lot of shops launched their e-commerce websites. From my experience, I can now buy from shops that I wasn’t able to before because their locations were too far to travel to. I can literally buy anything I want overseas using proxy services.
You do not need an MLM anymore. MLMs need you.
What they do is manipulate people into quitting their jobs by promising them a better opportunity. It is an interesting take on corporate living, but MLMs are corporations too. You cannot be your own boss when there is a CEO.
Is ByDzyne a Pyramid Scheme?
Since ByDzyne members earn money both by selling services and recruiting new members, then it is safe to say that ByDzyne is not a pyramid scheme.
However, since ByDzyne 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 ByDzyne look like a pyramid scheme in disguise, doesn’t it?
Is ByDzyne a Scam?
No, ByDzyne is not a scam.
However, if you think this is enough for you to jump in ByDzyne’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.
I am sure that you are currently wondering which is the best source you can consult when it comes to MLMs. Well, you need not look further, as the current source you are looking at right now is the best one available online.
Yes, this ByDzyne review is an example of a third-party review, meaning that the ones who publish them are not in any way affiliated to any MLM. This means that they are not afraid to expose the truth regarding about them, regardless of whether they hurt the reputation of said companies.
Third-party reviews are also well-researched and fact-checked before being published. This makes them credible, and like I mentioned, the most in-depth source you can find out there.
I am sure that third-party reviews are still not perfect. You may have some questions in mind that were not answered by them, especially some specific ones. You can consult online forums for these.
Online forums are great databases of information because they have a lot of active members. These forum members update the threads regularly, so that whenever you visit a forum, you only get the freshest piece of information.
They are also very friendly and approachable. They are willing to answer your questions and inquiries, as their goal is to spread the truth about MLMs to as many people as possible.BONUS : My #1 Recommendation To Make Money Online In 2021(Free Guide)>>
How to Make Money from ByDzyne
Since ByDzyne is an MLM, there are only two ways to make money with the company. and these are:
- Selling products
- Recruiting members
This part is probably not explained to you properly by the hunbot. Good thing that you are still reading this ByDzyne review, as I will be explaining these methods to the best of my ability.
The first method is quite self-explanatory, but I will define it anyway. MLMs offer discounted wholesale prices to members. With this, they can buy the products at a reduced price, which they can then sell for retail prices in order to make a profit. This is the straightforward way of making money in ByDzyne.
On the other hand, selling products would not really make you much money, especially if you do not have a large customer base. Majority of your profits will be coming from recruiting members. Every time you recruit a new member, you get a commission. You also get commissions from the sales they make.
This means that once you have many members under you, you can just sit back and relax. The problem with this though is not a lot of people are interested with joining MLMs.
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?
We found another company which refuses to share an income disclosure statement. Like what I said before, I am disappointed but not surprised. I have reviewed way too many MLMs in my life to know what to expect already.
To be honest, it is not an MLM company’s obligation to publish an income disclosure statement. However, this is still the right thing to do. Their main source of income are through their members’ sales, which means that trust is a factor here. What they are doing though does not make them look trustworthy at all.
They seem to be hiding the data from potential members who are planning to join the company. I would not blame them though, considering what a lot of sources said regarding how majority of people who joined MLMs do not make money.
If they release that data publicly, of course the public would think twice about joining. They do not want that. They choose to lie instead of thinking about the welfare of their members.
That is just how MLMs are basically. They pretend to care about their members when the reality is they do not give a damn at all.
Things I Like in ByDzyne
I could not really think of any aspect I like about this company. They are a pretty standard MLM who thinks that they are selling unique products and that they are shaking up the industry.
Things I Dislike in ByDzyne
ByDzyne’s products are priced higher compared to their competitors. I cannot really guarantee that their products are of better quality than those of more well-known brands, but I doubt they are. Most MLMs I know of sell products which are of cheaper and lower quality.
The main factor that determines whether customers will buy products or not is of course, the price. People set their budgets and they avoid going over them. They also know the brands they want, so you cannot really force them to buy from MLMs.
The ones who are at the helm of this company have been involved with World Global Network, which is confirmed to be a pyramid scheme. Doesn’t that sound sketchy to you?
Well, I am sure that they are trying their best to assure their members that the company is not a pyramid scheme, but I would not trust their track record.
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.
ByDzyne Compensation Plan
Here are the ways to make money with ByDzyne:
- Retail Commissions. You are eligible to a 15-20% commission for every product you sell.
- Recruitment Commissions. Once you get a new member to join and they buy a starter pack, you are eligible to receive 15 % to 25% commission.
- Residual Commissions. Once your members reach high sales quotas, you are eligible to receive bonus payouts.
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 – ByDzyne
Before I end this ByDzyne review, I would like to share a few more insights that could help you.
Now that you now know the truth about ByDzyne, I guess you have finally came to a realization. I hope that you are able to make the right choice. Having provided you with the information you need to make a sound decision, it is in your hands now whether you want to join this company or not.
I know that you are feeling quite let down because you were promised a great opportunity. However, you should thank yourself for thinking twice before trusting a complete stranger with your future.
In an MLM, they do not really see members as people. They see them as cash cows whose sole function is to generate money.
It isn’t like they pay them properly, either. To be honest, they are not properly compensated for all the time and effort they dedicate to make the business successful. All they get from doing all that are measly commissions which they can only get if they sell products.
MLMs are not a good way to make money, and are not sustainable.
I know of a better way to make money than joining an MLM. It doesn’t require you to recruit anyone, too. The details are in the section below this one.
That’s it for my ByDzyne review. Hopefully this ByDzyne review helps with your decision.
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