Today we will be reviewing a company called NuLife Ventures. Is NuLife Ventures a scam? Find out in this NuLife Ventures Review.
I am sure that you found this NuLife Ventures review because you encountered a hunbot on social media that is trying to sell the products to you. You probably do not know that hunbot personally, or you know them but you are just not close enough to start an actual conversation.
I am certain that even you are quite mind-boggled at the situation. There is actually an MLM focused on water. To be honest, I am pretty surprised too, but not as much as the first time I encountered one, which is Enagic. It seems like there is an MLM for literally everything nowadays.
As you continue reading this NuLife Ventures review, you will not only learn about the company, but also about MLMs. MLMs are pretty much the same, with only minor differences. I know this because I have reviewed hundreds of MLMs already.
I will be sharing with the you the results of my research about NuLife Ventures, including some data published by the company themselves and my personal insights. Hopefully you will get all the answers you need.
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 NuLife Ventures in any way.
Hopefully this NuLife Ventures review can help you decide whether you want to sign up for the company or not.
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What is NuLife Ventures?
NuLife Ventures is a multi-level marketing company that is on the health and wellness niche. Unlike most health and wellness companies that offer health supplements and skincare products, NuLife Ventures offers a different kind of product selection.
This company sells water apparatus and water supplements, which reminds me of Enagic, another MLM that sells the same kind of products.
NuLife Ventures is founded in 2012 by William Resides, Dr. Joseph Bird, and Robert Doran.
You can this video made by the company to learn more about them.
How Do MLMs Work?
As you can see, I have presented to you the products and the background information about NuLife Ventures. I also gave you the definition and differences between pyramid schemes and MLMs. This time, I will be sharing with you some little known facts about MLMs, so brace yourself.
Now that I got your intention, I will be spilling some truths regarding some claims made by MLMs. I am sure that you are considering joining them because of some claims they made in order to persuade you. However, I suggest against believing any of these.
For one, MLMs are known to be great at manipulation and lying to people. If you do not know this yet, then now you do. I am not really biased against them, but majority of people who joined MLMs regretted it at the end.
They let themselves be swayed by false promises of success and fortune. Little did they know that they are playing right in the hands of a greedy corporation, and that what they are doing is making the company richer, not themselves.
If you are wondering why, then let me paint a picture for you. I think you asked this question to yourself too upon talking with the hunbot. Why do you need to recruit people to earn money? Shouldn’t a business focus on selling products?
If you examine their compensation plan closely, you will also notice that MLMs reward those who recruit more than those who sell more. They will also keep pushing you to recruit even if you have people skills, which just makes it a lot more difficult.
They do not train people properly too. All they say is to recruit family and friends.
Is NuLife Ventures a Pyramid Scheme?
Since NuLife Ventures members earn money both by selling services and recruiting new members, then it is safe to say that NuLife Ventures is not a pyramid scheme.
However, since NuLife Ventures 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 NuLife Ventures look like a pyramid scheme in disguise, doesn’t it?
Is NuLife Ventures a Scam?
No, NuLife Ventures is not a scam.
However, if you think this is enough for you to jump in NuLife Ventures’ 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.
If you are looking for the best source to consult in the internet, then you are actually at the right place. This NuLife Ventures review is an example of a third-party review, which means that there is no way for any MLM to dictate the source to write positive things about them.
Third-party reviews are made with potential MLM members in mind. This means that as much as possible, the facts stated in them are backed by research and have undergone intensive fact-checking. This is to ensure that only the truth is being published.
If you want to learn about MLMs, do not consult only one source. Sure, a third-party review can tell you many things, but consider consulting other sources. You may have questions that third-party reviews were not able to answer, and that is when you should look into forums.
Online forums have a dedicated moderator team that keeps them spam-free. Only on-topic posts are allowed, and those caught posting fake information are being banned regularly. Spam posts are also being regularly deleted.
Forum members are also willing to engage on conversations regarding your concerns. They want to help out as many people as possible, and the moderators even reward them for it. This is so they can help as many users as possible. After all, their goal is to educate as many people as possible regarding the truth behind these companies.BONUS : My #1 Recommendation To Make Money Online In 2021(Free Guide)>>
How to Make Money from NuLife Ventures
Since NuLife Ventures is an MLM, there are only two ways to make money with the company. and these are:
- Selling products
- Recruiting members
These methods may only be the two methods available, but the amount of bonuses that MLM companies offer are pretty numerous. Most of them consist of cash bonuses that are paid to those who reach high sales quotas for a particular time period.
The selling aspect is pretty straightforward. MLM members are entitled to discounted prices. They can then sell these for retail prices, so the difference is your profit. Sounds simple enough, right?
If you want to earn the big bucks, then what you need to do is recruit. Recruiting earns you commissions from the sales of the members who directly sign up under you. If you are charismatic enough to get a lot of people to join the company, then you can definitely enjoy a lot of 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?
Well, just like a typical MLM, NuLife Ventures does not publish an income disclosure statement. This means that all we can do right now is speculate.
Like I said before, I do not really trust an MLM. For one, they get their members in debt by imposing impossible sales quotas that members have to follow. If they cannot do so, they are force to take out loans in order to buy the products for “personal use”. Doesn’t that just sound scummy?
Furthermore, MLMs also want you to keep putting your money into the business even though they know that you are not making any money. MLM uplines are trained to tell their downline that sooner or later, they will get the return of their investment, so these gullible people will just keep spending on the company.
Basically, the reason why NuLife Ventures does not want to show an income disclosure statement is because they know to themselves that their members are not making money. Why would they want to tell the whole world that?
Their business is centered upon getting people into the company. Of course they would not want to put a dent into their earnings by telling the truth.
Things I Like in NuLife Ventures
I do not seem to have anything positive to say about this company. They are a pretty standard MLM, and from what I have seen so far, they do not seem special or impressive. Their products are also expensive and not backed by science, which is a big red flag for me.
Things I Dislike in NuLife Ventures
Expensive Products and Membership Fee
At least I could understand why this company’s product prices are steep. They sell water machines, and machines are expensive. However, they do not really seem to care about what the public wants, and the public wants reasonable prices.
A lot of people are not willing to shell out thousands of dollars for machines like these, especially because they have a lot of other needs. The products are not really priority for most people, so do not expect buyers to come to you.
Other than having expensive products, people are not easily convinced to buy something expensive, especially if they do not see a need for it. Before you sign up for NuLife Ventures, you should ask yourself this: Would you buy the products yourself?
If not, then why would you offer them to other people? Also, who in their right mind would believe claims made by a stranger, especially when it is very easy to research on the internet anyway?
Not Backed by Science
These water machines seem to do wonders to your drinking water, but why isn’t it backed by science? Simple. It does not work.
As much as this company claims that their products do work, there is no study published that could prove that. They are clinging to jargon and ridiculous claims in order to get sales, which is just sad.
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.
NuLife Ventures Compensation Plan
You can watch this video to learn about NuLife Ventures’ compensation plan. It will explain the compensation plan to you in-depth, and definitely in a better way than I could.
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 – NuLife Ventures
Before I end this NuLife Ventures review, I would like to share a few more insights that could help you.
After reading this NuLife Ventures review, I hope that you now have an idea about what the MLM is all about. Other than that, I was also able to give you a crash course regarding MLMs. What a deal, right?
That aside, I have a few more tips to share with you that could definitely help you out in your future ventures. Pun intended.
You are probably feeling quite down because you thought that you found the opportunity of the lifetime. Sorry to burst your bubble, but you actually dodged a bullet there. Not only is this company greedy, but they also want to get people involved in a business with products that are not backed by science.
They want you to believe their claims and sell the products to other gullible people. Isn’t that just taking advantage of people who should know better? Why would you want to trust a company like that?
You should not involve yourself with any MLM, as they are not worth your time. Instead, I have a wonderful opportunity that awaits you in the next section. It is a lot better than an MLM.
That’s it for my NuLife Ventures review. Hopefully this NuLife Ventures review helps with your decision.
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