Today we will be reviewing a company called Hello Pink. Is Hello Pink a scam? Find out in this Hello Pink MLM Review.
Have you ever thought about quitting your job at some point? To be fair, I am sure that most people have experienced this feeling at least once in their life. Along with these feelings are stress, depression, feeling burnt out, and feeling unappreciated. Some jobs make people feel like a robot; just doing the same thing over and over.
For some people, they find risks to be exciting. A good example is the people who join MLMs. MLMs are pretty risky, because in order to start, you would have to pay first. This means that if you are not able to make the opportunity work, you basically threw your money down the drain. This does not sound good if that is the last money you have.
MLMs often advertise themselves as a great opportunity that anyone can do, but the question is, do they really work? Learn more about Hello Pink and MLMs in general by reading further. The truth might shock you.
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 Hello Pink in any way.
Hopefully this Hello Pink MLM review can help you decide whether you want to sign up for the company or not.
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What is Hello Pink?
Hello Pink is a multi-level marketing company that sells clothing. The company was founded by Lauren Gagnon. She is currently the mother of three daughters, and a stay-at-home parent.
Gagnon founded the company in 2014, but it is only in 2017 when she decided to turn the company into an MLM. Hello Pink members are referred to as Independent Stylists. The company is currently based in Michigan, United States.
You can watch the video below to learn more about Hello Pink.
How Do MLMs Work?
Is this your first ever encounter with an MLM? If it is, then I guess I can give you a crash course about them. MLMs are pretty complicated though, so I will do my best in order to explain how these companies work. I can only explain so much though, so let us start with the basics.
Firstly, let us start with how to differentiate MLMs and pyramid schemes from each other. I provided you with a textbook introduction in the beginning, but that is not sufficient enough to understand them fully.
MLMs are not just like regular companies, but they also enforce business tactics that pyramid schemes do. For one, these companies sell products. Some MLMs even go through lengths with which they get celebrities to endorse them. Some MLMs also have high quality products, but most of the time, they are pretty mediocre.
On the other hand, pyramid schemes are more of investment scams. Only those at the very top are the ones who benefit. They are scams since people will be investing their money and expect a huge return, when in reality, they just threw their money down the drain.
MLMs also enforce the same recruiting process just like pyramid schemes, which is why MLMs are often being mistaken for them. They also reward the members who were able to reach recruitment goals. As you can observe in their compensation plans, those who recruit are more rewarded than those whose intent was only to sell.
MLMs also take advantage of people who are gullible and desperate. This is why most people who fall victim to MLMs are single parents and unemployed people. They entice them with promises of wealth and success, all the while taking their savings in the process.
MLMs are not worth your time and money.
Is Hello Pink a Pyramid Scheme?
Since Hello Pink members earn money both by selling services and recruiting new members, then it is safe to say that Hello Pink is not a pyramid scheme.
However, since Hello Pink 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 Hello Pink look like a pyramid scheme in disguise, doesn’t it?
Is Hello Pink a Scam?
No, Hello Pink is not a scam.
However, if you think this is enough for you to jump in Hello Pink’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.
You are probably thinking that you need to go somewhere else in order to find the best source available. You have actually found it already. Yes, this Hello Pink MLM review is the best source you can find online, just like other third-party reviews that are being published by this website.
This is because third-party reviews are not connected to any MLMs. They are free to publish whatever they want, as long as it is factual. This is why they take quite a long time to make; it involves a lot of fact-checking and research before a review is even published. All these are done to ensure that readers only read about the truth.
Third-party reviews are great sources of information, but they are still not perfect. You need to look at more than one source in order to learn better. This is why you should pay a visit to online forums.
Online forums that talk about MLMs are pretty active. They exchange information and results of their research there, and they also engage with discussions with other members who are also seeking answers. It’s a good trade actually, if you know something about another company that people are asking about, you can post them there.
Forum members are also very approachable and friendly. Chances are they will definitely answer your questions there. To be honest, learning with others is better than learning alone. Some of the members there also used to be part of MLMs, so you can interview them in order to gain a whole new insight.BONUS : My #1 Recommendation To Make Money Online In 2021(Free Guide)>>
How to Make Money from Hello Pink
Since Hello Pink is an MLM, there are only two ways to make money with the company. and these are:
- Selling products
- Recruiting members
Let me give you an explanation regarding this because I am sure that the hunbot who introduced this company to you did not properly explain how exactly you get paid here.
Selling products is the most straightforward option. It involves purchasing the products at discounted prices, which you can then sell for retail prices. The difference is your profit. Simple as that.
Recruiting is when you get people to sign up directly under you. Basically, you get to form a team where you can serve as the leader. As the leader of your team, you are entitled to receive commissions from every sale made by each of your members. This is where you can a lot of money because more members can get you more earnings.
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?
Unfortunately, Hello Pink is just one of those MLM companies who simply do not care about transparency. It seemed as though they have purposely forgotten that their members are the reason why they continue to exist, yet it does not seem like they are prioritizing their welfare.
You might think that my insight is pretty harsh at this matter, but you should know that my reaction is very spot-on. For one, MLMs should recognize that their members are the main customers they are serving. They are the ones placing the orders. Most of the time, they find difficulty selling them, so what happens?
They end up being the ones who pay for it themselves. Not many MLMs entertain refunds or returns. This is because this is just how they operate. They do not care what you do with the products as long as you pay for them.
Members’ earnings are also not shared, as much as possible. These companies know that 99% of those who join them fail. They deny this most of the time though, but a lot of those people have spoken up regarding their experiences.
Are you sure that the 1% success rate is worth betting on? I don’t think so.
Things I Like in Hello Pink
Hello Pink is just one of your typical MLMs who do little to nothing to stand out. I do not think that I have anything good to say about them, as they are pretty mediocre.
Things I Dislike in Hello Pink
Lack of Transparency
Other than not having a proper income disclosure statement, it seems like this company does not even provide enough information online in order to look credible. It is pretty frustrating. This is a red flag, because people who might be interested tend to back out because there is simply not enough information about Hello Pink.
I have reviewed quite a lot of fashion MLMs already, from LuLaRoe, Initial Outfitters, and Ruby Ribbon. There are simply way too many of them in the market, which causes a problem. The customers are getting fewer and fewer, too.
To be honest, not many people would consider buying from MLM, as there are malls and department stores in many cities. Online shopping is now a trend too, and many small business owners have began selling trendy clothes too.
Hello Pink does nothing to be unique in order to stand out from all these competition.
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.
Hello Pink Compensation Plan
Hello Pink’s compensation plan is pretty easy to understand compared to other companies. There are also 6 ranks that you can climb as you go.
Compared to other MLMs, it seems like Hello Pink’s independent stylists are eligible to earn commissions without having to follow sales quotas, which is a positive.
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 – Hello Pink
Before I end this Hello Pink MLM review, I would like to share a few more insights that could help you.
Now that you know the truth about Hello Pink, I think you can now come to a decision which you would not regret. Also, I would like to thank you for reading up to this point. I hope that this Hello Pink MLM review has helped you learn more about MLMs, so that you can now easily avoid them in the future.
I am sure that you are feeling a little disappointed by this revelation. Well, like they always say, a lot of things are not like they seem to be. MLMs often say that they want to empower people, when in reality, all they want is to line their pockets with money that do not rightfully belong to them.
Other than that, they are also experts at manipulation. If you go to online forums like I told you to, you will find people there who quit their jobs in order to dedicate their time to MLMs completely. You should take note that you cannot earn any wages in an MLM; you only get paid if you successfully make sales.
I hope that your newfound knowledge can help you in your future endeavors. Feel free to leave any questions you may have at the comments, and browse the site for more MLM reviews.
I actually have another opportunity worth looking at in the next section. It does not involve any recruiting too, so I suggest that you check it out.
That’s it for my Hello Pink MLM review. Hopefully this Hello Pink MLM review helps with your decision.
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