Modicare Review: Is This Opportunity Worth Taking?

Modicare Review: Is This Opportunity Worth Taking?

Today we will be reviewing a company called Modicare. Is Modicare a scam? Find out in this Modicare review.

I’m sure you’ve come because you’ve been offered the opportunity to manage your own business and become financially successful.

Actually, I’m aware of what you’re referring about. In fact, most of us desire it. We want to be able to work at our leisure and earn a lot of money.

However, hunbots reiterate that these same benefits are being given by MLMs.

Would you believe that joining a multi-level marketing company for hundreds of dollars ensures your success? That seems almost too wonderful to be true, doesn’t it?

Just keep in mind that if anything seems too good to be true, it most often is. Ask yourself this question to learn how to identify whether an offer is genuine: Is the opportunity they’re providing fundamentally simple or not?

It’s more probable that the opportunity is a fraud if it’s simple to complete. There is no such thing as easy money.

Before we go further in this Modicare 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 Modicare in any way.

Hopefully this Modicare review can help you decide whether you want to sign up for the company or not.

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What is Modicare?

Modicare intro

Modicare is a multi-level marketing company in the health and wellness niche. Other than that, they sell a wide variety of products.

This company is the first-ever Indian-owned MLM. Modicare is currently owned by Modi Enterprises, a multi-billion dollar corporation based in New Delhi, India.

Modicare was founded in 1996 by Samir Modi. He is the grandson of the founder of Modi Enterprises, Gujarmal Modi.

Samir has been involved in the family business since 1992, as he was made to manage the tobacco business of Modi Enterprises.

In 2003, Samir launched a cosmetics brand under Modicare, named Colorbar Cosmetics. This was then released to the public the following year.

He holds the executive director post for Godfrey Phillips India, while he is also one of the directors of Indofil Industries Ltd.

Just like any other MLM, they offer an opportunity to make money once you sign up for the company.

Modicare Products

Modicare products

The company’s products can be divided to the following categories:

  • Wellness
  • Skin Care
  • Color
  • Personal Care
  • Home Care
  • Food & Beverages
  • SM Watches
  • Tech
  • Jewellery

How Do MLMs Work?

This is the part where we discuss multi-level marketing in general.

As someone who has conducted research and written hundreds of evaluations on MLMs, I am confident with sharing my knowledge with you in this area.

Before I give you any advise, I’d like to state again how I feel about multilevel marketing.

MLMs are the worst, in my opinion, and any other business opportunity would be preferable to joining one.

You could believe I’m being prejudiced here, but rest assured that I would not offer my thoughts without first conducting research.

You shouldn’t believe anything a hunbot says either, because they’ve been programmed to lie in order for people to hand over their cash.

Take a look at it from this perspective. Let’s pretend you’re going to offer supplements (this is a lot more fitting for this review).

It’s worth noting that supplements are also sold at drugstores. Purchasing one is actually rather simple. All you have to do is go to a drugstore and ask for advice from the pharmacist, then purchase the supplements.

Because they are trained to do so, pharmacists are eager to answer inquiries. People who want a personalized purchasing experience don’t have to search much farther.

Those individuals studied pharmacy, so they understand what they’re talking about and what is ideal for their clients.

Why would you expect people to buy from you if you’re simply an ordinary person with no pharmaceutical experience?

Sure, the company will teach you so you’ll know how to sell the items, but would consumers trust a stranger to prescribe vitamins to them? I’m not going to do it.

This line of work necessitates deception. Are you sure you want to do it?

Is Modicare a Pyramid Scheme?

Since Modicare members earn money both by selling services and recruiting new members, then it is safe to say that Justine is not a pyramid scheme.

However, since Modicare 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 Modicare look like a pyramid scheme in disguise, doesn’t it?

Like JewelScent, Arogalife, and Lifestyles, Modicare is not a pyramid scheme.

Is Modicare a Scam?

No, Modicare is not a scam.

However, if you think this is enough for you to jump in Modicare’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.

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How to Make Money from Modicare

Since Modicare is an MLM, there are two basic ways to make money with the company. and these are:

  1. Selling products
  2. Recruiting members

These are the most basic ways to generate money in Modicare, however keep in mind that you may certainly increase your profits. This may be accomplished through earning bonuses and benefits.

However, in an MLM, the majority of the benefits are only available to individuals who have a downline.

When you get to the compensation plan part of the Modicare review, you will definitely learn more about these perks.

What precisely is a downline? If you’re reading an MLM review for the first time, I’m sure you’re not familiar with the phrase.

In an MLM, your downline is essentially your team of people who work beneath you. This indicates that these are the folks you directly invited to join the company.

MLMs help their members grow their downlines by giving them tips on how to do so.

The issue is that the procedure is easier stated than done. Not everyone who becomes interested in MLMs intends to join the company; some simply want to test out the items.

The majority of individuals do not have the time to devote to such a time-consuming pastime as this. You must also adhere to monthly quotas, since failing to do so would result in your dismissal from the company.

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 to Join Modicare

Joining Modicare is surprisingly free.

You do not have to pay any costs like membership fees or annual fees.

However, if you want to earn commissions, you need to purchase products that would amount to at least 300 PBV.

How Much Can You Make?

It appears that I am unable to locate a previous Modicare income disclosure statement. We don’t have enough evidence to say whether or if people make money in this MLM, so all we can do for now is conjecture.

To begin, consider how the practice of not providing an income disclosure statement benefits the firm in no manner.

People have learned how to study possibilities like these, so the first thing that comes to mind is how much money they can expect to make after they join the company.

Isn’t it the obligation of the firm to show the info to potential members? Sure, they may promise people in whatever manner they want, but assurance is nothing more than hollow words if you can’t back it up. These firms, on the other hand, do not appear to sympathize with their customers and choose to keep this information hidden from them.

Isn’t it true that people will be more eager to join an MLM if they know the members make money?

Things I Like in Modicare

Established Company

This company is the first-ever Indian owned MLM, and has been in the market for more than two decades.

It seems like the company is still going strong after all these years. This means that the people running it are doing their job properly.

Things I Dislike in Modicare

Low Income Potential

Success in an MLM, regardless of the kind, is extremely rare.

This is because they often demand an extremely high quota that is very difficult for members to meet. Even though they work extremely hard, they will continue to lose money if they are unable to sell items.

If they do not meet the monthly quota, they will be fired from the firm, and any inventory they have will be destroyed.

MLMs frequently rise to prominence as a result of their members’ financial misfortunes. That is exactly how their business operates.

Recruit, Recruit, Recruit

This is what you should do if you want to make money as a Modicare disytributor.

If you decide to look at their compensation plan in the following section, you’ll notice that recruiting is far more lucrative than simply selling items.

Simply put, if you create a downline, you may earn a lot more money.

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.

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Modicare Compensation Plan

The ways to make money in Modicare are as follows:

  • Retail Commissions. Every product sold earns you a 20% commission.
  • Climbing ranks. Each rank rewards you with benefits.

Modicare has 14 affiliate ranks you can climb:

  1. Consultant
  2. Senior Consultant
  3. Associate Supervisor
  4. Deputy Supervisor
  5. Supervisor
  6. Director
  7. Senior Director
  8. Executive Director
  9. Senior Executive Director
  10. Platinum Director
  11. Presidential Director
  12. Crown Diamond Director
  13. Royal Black Diamond Director
  14. Global Black Diamond Director

The following bonuses are also available.

  • Accumulated Performance Bonus
  • Director Bonus
  • Leadership Productivity Bonus
  • Outbound Travel Fund
  • Dream Vehicle Fund
  • Dream Home Fund

Modicare’s compensation plan is explained in this video.

10 Shocking MLM Statistics That You Need to Know!

MLM stats

  • 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 – Modicare

Before I end this Modicare review, I would like to share a few more insights that could help you.

I am certain that you were able to discover answers to your queries regarding Modicare after reading this review.

Thank you for taking the time to read this far. Before you leave, let me give you a few more pieces of advise.

I’m sure the main reason you’re interested in Modicare is because of what that hunbot said about financial success.

During these hard times, we’re all hoping to maintain our jobs and praying for raises in pay just to keep our heads above water. Everything slowed down due to the epidemic, yet commodity prices continue to rise.

According to my research into this company, Modicare is not the greatest route for you to follow if you want to make some additional cash.

The company emphasizes recruitment above actual selling, which implies that your primary focus is on providing the corporation more money rather than on your own business.

Is that why you signed up for this MLM in the first place? Not really.

So, instead of joining this firm, it is much better to look for a better option.

All you have to do now is read the following section to find out what I propose.

That’s it for my Modicare review. Hopefully this Modicare review helps with your decision.

You Can Find a Great Opportunity Right Here, Right Now

Do you want a real opportunity to make money?

Are you looking to make passive income?

Do you want something that does not include recruiting and begging people in social media to buy your ‘unique products’?

No need to look elsewhere!

The opportunity is right here, just a click away!

Before you close the tab and think that it could be a scam, why not give it a try first?

All you have to do is click the link below!

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