Today we will be reviewing a company called IDLife. Is IDLife a scam? Find out in this IDLife MLM Review.
You are probably just trying to keep yourself sane while stuck at home by consuming different types of media. I am sure that this pandemic has made you appreciate things that you did not like before, as you now have the time to actually waste by being in your house for majority of the day.
That is when the hunbot entered your life. One day, you are just in front of your computer, watching a random movie recommended by someone you know. That is when you just heard the ping from your phone, notifying that someone sent you a message. Annoyed by this interruption, you paused what you are watching and decided to take a look.
Then you noticed that the person who just reached out to you is pitching something you have never heard of before. Earning money from the comfort of your own home and being your own boss? That concept is pretty tempting. However, they are a stranger. You decided to investigate on your own, which brought you here today.
Before we go further in this IDLife 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 IDLife in any way.
Hopefully this IDLife MLM review can help you decide whether you want to sign up for the company or not.
Before we proceed with the IDLife MLM review, check out my #1 recommendation to making money online after reviewing 300+ MLM companies.
What is IDLife?
IDLife, or Individually Designed Life, is a multi-level marketing company in the health and wellness niche. The company was founded in 2014 by Logan Stout. IDLife is currently based in Texas, United States.
The concept behind IDLife’s company name is that they know that everyone is their own unique person. They then use this to market their line of customized nutritional products. Basically, their products are customized depending on whoever is the one using them.
How do they know what to give their customers, then? They use a proprietary gadget called IDNutrition, which collects the customer’s personal health information. This includes the individual’s medical history, eating and drinking habits, prescription medication, and even heredity.
Once they are done with the data gathering process, they then make an assessment based on the data they collected. The result then tells them what supplements the person needs.
What IDLife offers is a specific set of supplements the offer the best results for every individual.
This video can help you learn more about IDLife.
IDLife Products
IDLife’s product lines are divided into the following:
- Burn Bundles
- Weight Loss
- Fitness
- Energy
- Vitamins
- Skin Care
- Kids
The video below can tell you more about the company’s products.
How Do MLMs Work?
Now that you seem to be a little more intrigued by IDLife, I figured that it is now in my hands to tell you more about MLMs. After all, if you plan to join this one, you can use the knowledge I will be imparting you. I may be limited to only a few hundred words for this, but you should never skip this section.
As I have done quite a lot of research about MLMs already, I figured that I should share my knowledge to people who are pretty new to them. To be fair, after reviewing hundreds of MLMs, I have already come to a conclusion: MLMs simply are not worth it. Let me expound on that in this section.
Before you even sign up for an MLM, you are already being tricked into thinking that doing it is a good idea. Here in your company is a hunbot who is saying that joining an MLM is “the best decision you will ever make in your life”. where “you can be your own boss”. Let me point out some inconsistencies in those claims.
If what that hunbot was saying is true, then how come they are still not successful? Why are they still at the very bottom? Shouldn’t they be enjoying their “benefits” from the company already, seeing as “they are their own boss”?
Well, you cannot possibly be the boss when the company has an appointed CEO, right? Also, you are required to follow sales quotas and rules set by the company administration. If you are your own boss, shouldn’t you be following your own set of rules?
Every time an MLM claims something is true, take it with a hint of salt. They tend to exaggerate and embellish. Well, what can you expect? That is how an MLM runs, after all.
Is IDLife a Pyramid Scheme?
Since IDLife members earn money both by selling services and recruiting new members, then it is safe to say that IDLife is not a pyramid scheme.
However, since IDLife 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 IDLife look like a pyramid scheme in disguise, doesn’t it?
Like SimplyFun, Coseva, and Gano Excel, IDLife is not a pyramid scheme.
Is IDLife a Scam?
No, IDLife is not a scam.
However, if you think this is enough for you to jump in IDLife’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.
First, we have third-party reviews. I think that these reviews are the best source to consult because they are, like their name states, made by third-parties. This means that they are in no way connected to any MLM companies. They are independent, so they are free to publish whatever facts they find regarding MLMs, be it good or bad.
Also, third-party reviews compile information from various credible sources. This means that if you consult a review, you need not spend hours researching anymore, as the facts you are looking for are already condensed in them. Save yourself the hassle of having to go through millions of internet search results.
If third-party reviews were not able to answer the more personal concerns that you have, then it is because third-party reviews are more of into telling you facts. They have less of a personal touch, per se. This is why you need to consult more than one source in your research.
If you are looking for answers to specific inquiries, then I suggest that you look through online forums. These forums are moderated, meaning that posts stay on topic and have to be factual. Those who gather there are people who are do research about MLMs. They aim to share their research results to people seeking answers.
You can also observe that some people who joined these forums used to be MLM members too. I suggest reaching out to them so you can learn their insight and can get credible insider information about these companies.
How to Make Money from IDLife
Since IDLife is an MLM, there are only two ways to make money with the company. and these are:
- Selling products
- Recruiting members
These methods may sound simple, but in reality, it will take a lot of hard work for you. To be honest, making money in an MLM is a lot harder than working a regular job.
Selling products is the most straightforward way of earning money in an MLM. For every product sold, you get to earn a commission. These commissions vary depending on your rank. The more products you sell, the higher your commission will be.
If you are thinking that you are all set just by selling products alone, then that is where you are wrong. You also need to recruit people in a regular basis. For every person you get to sign up, you earn a commission. You also earn commissions from their sales.
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?
The main problem I have with IDLife is that they have not published an income disclosure statement. This means that we have no data which could possibly tell us about the earnings made by the people in this company.
What this tells us is that they are not being transparent to their members. However, this occurrence is by no means new to me, as like I said before, I have already encountered a lot of MLMs in the past. Most of them do not publish income statements, either.
An income disclosure is important because it has the accurate data that tells potential members how much exactly they will make once they join the company. This data is based on all active members too, meaning that they are mostly accurate.
All I am asking for is for these companies to step up and tell the truth. I know that they are protecting their reputation. However, weren’t they the ones who claimed that people who join MLMs become successful? Why would they not show us the data backing up these claims then?
Simple. This is because they are lying. Most people who join MLMs fail and do not make money.
Things I Like in IDLife
No Inventory Required
This is one of the best things that an MLM could ever offer. Most MLMs I have known of have been pretty strict regarding how much inventory a member must purchase in order to remain active in the company. For IDLife, it is your choice whether you want to keep inventory or not.
Large Product Selection
IDLife aims to please everyone, which is why they decided to sell products that could be used by anyone. This means that they have generally what any type of person needs, in terms of supplements. IDLife members would find the products a lot easier they sell because their client base is not only composed of a single demographic.
Things I Dislike in IDLife
Expensive Products
Well, this is the problem for most MLM companies. They seem to think like their products are the best in the world, so they can price it however they like. This practice, however, does them more harm than good.
For one, customers are less likely to consider them as option anyway because MLMs are obscure. Second, people have set budgets that they follow up to the last cent. They would not want to break free from that budget just because of supplements they can buy elsewhere.
Saturated Niche
I have reviewed a lot of health and wellness companies already, and I could stand by this statement: there are way too many companies competing here. IDLife is just one of them, and because there are a lot of well-known brands here, this company just goes right under the radar.
I do not think that people will notice this one, to be honest.
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.
IDLife Compensation Plan
The ways to get paid in IDLife are as follows:
- Retail Commissions. These are based on your product sales. You are entitled to a 30% commission per product sold.
- Fast Start Bonus. When you enroll as a preferred customer, you can also get others to enroll as well. If you successfully get another person to sign up in your first month, you earn a $100 bonus.
- Monthly Residual Income.
- Matching Residual Income.
- Preferred Customer Bonus.
This video will give you a more in-depth explanation regarding the company’s compensation plan.
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 – IDLife
Before I end this IDLife MLM review, I would like to share a few more insights that could help you.
Now that you are done reading this IDLife MLM review, then I am sure that you have made up your mind regarding joining the company or not. However, I know that I have stressed my point enough from start to finish: an MLM is not worth joining.
From not being paid wages to having to recruit friends and family, there are just too many red flags regarding this company, and other MLMs in general. They are even encouraging their members to quit their lifelong careers which pay a lot better than an MLM. Are you sure that you are willing to do that?
If you are looking for a good side hustle that does not involve any recruiting, then I have an offer waiting for you in the next section.
That’s it for my IDLife MLM review. Hopefully this IDLife MLM review helps with your decision.
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