Today we will be reviewing a company called Fifth Avenue Collection. Is Fifth Avenue Collection a scam? Find out in this Fifth Avenue Collection Review.
If you haven’t encountered an MLM before this one, then I guess you are pretty lucky. They are now everywhere, honestly. It is safe to say that there is now an MLM for everything.
The most common types of MLMs I know of sell nutritional supplements, health products, fashion products, and cosmetics. Fifth Avenue Collection sells jewelry, so that falls into the fashion products category.
Demand for fashion products have risen since social media took the world by storm. These social networking sites affected the way fashion works. There are people whose actual job involve buying clothes then posting pictures of them on social media. They usually just wear the clothes once.
To be able to keep up with the demand for fast fashion, a lot of companies took it upon themselves to curating fashion made specifically for people who love posting at social media. These clothes are called fast fashion because they go out of style quickly, and are cheap to make.
Before we go further in this Fifth Avenue Collection 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 Fifth Avenue Collection in any way.
Hopefully this Fifth Avenue Collection review can help you decide whether you want to sign up for the company or not.
Before we proceed with the Fifth Avenue Collection review, check out my #1 recommendation to making money online after reviewing 300+ MLM companies.
What is Fifth Avenue Collection?
Fifth Avenue Collection is a multi-level marketing company that sells jewelry targeted towards women. Just like any other typical MLM, it offers people an opportunity to become independent business owners. In this company, independent business owners are referred to as “consultants”.
The company is family-owned, and started as a hobby years ago. The Butler family founded the company in their very own basement where they were polishing and cutting gemstones. The current CEO is Jay Butler.
According to their website, the currently operate in Canada, the United States, Australia, and South Africa.
This video can help tell you more about the company.
How Do MLMs Work?
Now that I have presented to you the background of Fifth Avenue Collection, I think I should pause there in order to explain to you how MLMs work. I mean, I did give you the basic definition, but if you really want to join the business, I feel like you should know more about them than just the definition.
For one, MLMs do not operate the same way like regular businesses. They do not do any advertising. This is what saves them money, to be honest. Advertisements are expensive, and prices are often very high if you want more people to see what you are selling.
Another thing is that they do not pay their members any salaries. I am sure that the hunbot did not properly explain this to you. Making money here is quite hard, because you need to guarantee sales. Sales are the only way to get paid here, because income is from a commission basis. No sales mean no income, sadly.
It would have been a lot easier if you can find customers willing to buy your products. Alas, with the amount of competition you have, it is not that simple. You are actually competing with other members for sales, to be honest.
MLMs are experts at manipulations. If you can notice, MLM members are like sheep. They take whatever the company says in face value and see it as truth, kind of like a cult. It is actually quite creepy to think about how bad they brainwashed this people into believing that MLMs are the stepping stones to success.
If you are leaving your stable-paying job for an MLM, then you will regret it. Only those at the very top enjoy the rich lifestyle. Those at the bottom are drowning in debt.
Is Fifth Avenue Collection a Pyramid Scheme?
Since Fifth Avenue Collection members earn money both by selling services and recruiting new members, then it is safe to say that Fifth Avenue Collection is not a pyramid scheme.
However, since Fifth Avenue Collection 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 Fifth Avenue Collection look like a pyramid scheme in disguise, doesn’t it?
Like Java Momma, Princess House, and NeVetica, Fifth Avenue Collection is not a pyramid scheme.
Is Fifth Avenue Collection a Scam?
No, Fifth Avenue Collection is not a scam.
However, if you think this is enough for you to jump in Fifth Avenue Collection’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.
In fact, you already found the best source to consult online. Yes, this Fifth Avenue Collection review is the best source online for the following reasons: it is detailed, in-depth, and unbiased. This is because this Fifth Avenue Collection review is a third-party review, meaning that they have no affiliations towards any MLMs.
These reviews are also well-researched and thoroughly fact-checked before publishing, to make sure that only accurate information are in them. Third-party reviews can answer all the basic questions readers have about MLMs, from their products, origins, and the income potential.
To be fair, even though third-party reviews are the best source of information you can find, I suggest that you don’t use only one source. You can check other sources, but I recommend forums above any other ones.
Forums are good sources because they are moderated and are updated as often as possible. There are plenty of users there willing to engage in discussions, and they are also happy to share results of their research regarding MLMs.
Other than that, their goal is to educate people about MLMs. The more people who go in forums, the better. Their information database is also massive, so I don’t doubt that you can find answers to any of your questions in forums.
How to Make Money from Fifth Avenue Collection
Since Fifth Avenue Collection is an MLM, there are only two ways to make money with the company. and these are:
- Selling products
- Recruiting members
These methods may be the only two methods, but MLMs often offer quite a lot of bonuses and benefits that their members can take advantage of. Most of them are cash bonuses paid out to those who reach high sales quotas and get to recruit a lot more members than expected.
I am sure that the selling aspect is quite straightforward. Signing up for an MLM gives you a discount to the products, which you can then sell at retail prices. Basic selling, in fact. However, finding customers is a whole other thing.
Recruiting is where you can earn a lot of money. This involves getting people to sign up under you. It is passive income because you get commissions from the sales made by your downline. The more people in there, the more money you make.
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?
Even though I spent quite some time trying to find Fifth Avenue Collection’s income disclosure statement, I just cannot seem to find out. I guess that means that it doesn’t really exist. Color me surprised.
I have already reviewed hundreds of MLMs, and sadly, most of them do not really publish an income disclosure statement. As much as I want to give this company the benefit of the doubt, I am sure that they deliberately did this.
The problem with this situation is that MLMs love to boast about how successful people become once they join the company. This is an unproven claim, because from my research, most people who have joined MLMs often go from bad financial situation to crippling debt.
If you are wondering what could possibly get people in debt, it is the ridiculous sales quotas. In MLMs, they make you pay for the products first before selling them. If you cannot reach the monthly quota they set, you would have to buy the products for “personal use”.
MLMs are not really obligated to post an income disclosure statement, but they should be transparent towards their members. They get their income from them, yet they do not seem to care about the money that they will be compensating them.
MLMs also encourage people to quit their jobs to devote all their time to them. They even denounce the greed of corporations even though they are a lot greedier than them. How ironic.
Things I Like in Fifth Avenue Collection
Charitable Causes
Fifth Avenue Collection donates a percentage of their profits for charity, which is a good thing. It is also a good selling point as people would want to buy products more if they would be supporting a good cause by doing so. I guess this makes them less scummy?
Generous Compensation Plan
This company’s compensation plan is one of the most generous ones I have ever encountered. Basically, you get a 50% commission per sale. That is huge, compared to the usual 5% to 25% I have seen from other companies. This gives the company an edge that can help them recruit more members.
I am actually amazed that the commission is this high, considering that their products are not really in-demand. Maybe this is a desperate attempt to get people to join?
Things I Dislike in Fifth Avenue Collection
Saturated Niche
The fashion jewelry niche is a competitive one. In fact, I see a lot of stalls in malls selling fashion jewelry for reasonable prices. Open markets even have them. Basically, any place where anything is sold probably has a store that sells fashion jewelry.
I don’t think that Fifth Avenue Collection sells anything unique and worth waiting for. The company just does not stand out.
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.
Fifth Avenue Collection Compensation Plan
Unlike most MLMs, Fifth Avenue Collection has a pretty basic compensation plan.
Consultants earn 50% commissions per product that they sale. They are also eligible to receive monthly bonus checks if they reach quotas, and they can also earn free travel benefits.
You can learn more about their compensation plan by reaching out to a Fifth Avenue Collection 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:
Final Verdict – Fifth Avenue Collection
Before I end this Fifth Avenue Collection review, I would like to share a few more insights that could help you.
Now that you have reached the end of this Fifth Avenue Collection review, I hope that I was able to answer your inquiries about the company. As a way of thanking you for reading the review up to this point, let me share a few more valuable tips which will help you in your future ventures.
Remember that before you get into an opportunity like this one, you need to know the risks. Learn to ask questions. I am sure that it may be awkward just asking a barrage of questions to a stranger, but you should know that this is for your own good. Ask them how much they earn. If they cannot answer you, then turn the offer down.
Also, do not quit your stable-paying job even if they tell you to. You are in charge of your own future. Do not let strangers make decisions for you, especially life-altering ones.
If you are looking for a way to make money online, then I suggest that you check out the opportunity in the next section. It is a lot better than joining an MLM.
That’s it for my Fifth Avenue Collection review. Hopefully this Fifth Avenue Collection review helps with your decision.
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