Today we will be reviewing a company called Opulence Global. Is Opulence Global a scam? Find out in this Opulence Global MLM review.
You’d never hear about Opulence Global until someone on social media messaged you one day, asking whether you’d be interested in a part-time job that pays full-time wages.
Isn’t that suspicious? In a sense, it’s enticing.
So here you are, looking for additional information about this possibility on the internet, and you came across this Opulence Global MLM review, which you are now reading.
Let me be the first to inform you that whomever offered you a money-making opportunity is certainly lying to you. A full-time job will never pay you full-time wages for part-time labor.
Have you ever wondered why you’d never heard of Opulence Global? Because the company does not advertise like regular businesses do.
They put advertising, selling, and marketing in the hands of their members. They do not, however, compensate them.
That, I suppose, is just scratching the surface of what you may expect from today’s Opulence Global MLM review. To understand as much as possible, I recommend that you read the whole review from beginning to end.
Before we go further in this Opulence Global 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 Opulence Global in any way.
Hopefully this Opulence Global MLM review can help you decide whether you want to sign up for the company or not.
Before we proceed with the Opulence Global MLM review, check out my #1 recommendation to making money online after reviewing 300+ MLM companies.
What is Opulence Global?
Opulence Global is a multi-level marketing company that is formerly referred to as Global Wealth Trade Corporation. They sell fashion items, beauty products, and health products.
The company was established in 2005 and is currently based in Canada. The founder and current CEO is Ramin Megarlou, who claims to have 27 years of experience in direct sales.
The business appears to operate across continents and has a branch in the Philippines.
These brands operate under Opulence Global:
- POSH – bath and hair products
- FERI – personal care products
- FOL (Fountain of Life) – health products
How Do MLMs Work?
Welcome to my favorite part of the site, where we discuss how evil MLMs are.
Today, we’ll discuss how MLMs got their hands on social media.
Social networking platforms are used by practically everyone these days. To be honest, most individuals are active in more than one social networking site.
Because MLMs rely on direct sales to generate revenue, social media serves as a marketplace for them. They will go to any length to generate sales and attract others into their schemes.
Hunbots have now invaded Facebook, Instagram, and TikTok, from what I’ve seen.
It didn’t matter what they sold; these hunbots would sneak into your DMs and attempt to sell you some ridiculous thing you’d never heard of before, followed by a sales presentation in which they implied you needed it and that you should purchase it from them.
I mean, I understand that’s the whole purpose of direct sales, but some MLMs encourage its members to outright lie in order to increase sales and attract new members.
Aside from that, some MLMs also exaggerate the amount of money prospective members would earn in their organization. They’d go after review sites and urge their members to submit fake testimonials on social media to entice new members to join.
To be honest, it seems like MLMs mostly utilize social media to recruit rather than sell. Isn’t that the whole point of a multi-level marketing company? Recruiting individuals with the sole purpose of making money?
Members are, without a doubt, the best clients of an MLM. They give their members monthly targets to fulfill or they will be kicked out.
Learn more about MLMs by watching this video.
Is Opulence Global a Pyramid Scheme?
Since Opulence Global members earn money both by selling services and recruiting new members, then it is safe to say that Opulence Global is not a pyramid scheme.
However, since Opulence Global 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 Opulence Global look like a pyramid scheme in disguise, doesn’t it?
Like Bemer Group, Crunchi, and Sweet Minerals, Opulence Global is not a pyramid scheme.
Is Opulence Global a Scam?
No, Opulence Global is not a scam.
However, if you think this is enough for you to jump in Opulence Global’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.
If you want to make money online, check out this logical business model that helped 6000+ people.
How to Make Money from Opulence Global
Since Opulence Global is an MLM, there are only two ways to make money with the company. and these are:
- Selling products
- Recruiting members
You may earn more money from bonuses and perks by advancing through the ranks.
To be eligible for these incentives and perks, you must first rise through the ranks of the business. To do so, you must first establish a downline.
You would have to attract others to join the business in order to develop a downline. These individuals would have to register under your name.
Once they’ve joined up, you’ll earn commissions on their orders as well as any future sales they make. This is why training them is now in your hands.
You will not be able to get the passive income that this business promised you at the outset by just selling goods. You’ll have to delegate the job to your downline.
To be honest, MLMs don’t give a damn whether you can or can’t sell the goods you purchase from them. They just care about how much merchandise you purchase and how many others you bring in to do the same.
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 Opulence Global
There are three membership options available:
- Retailer – $275.00
- Online Shop
- $100 Shopping Credits Retail Value
- 15,000 FREE Opulence Points
- 20% Purchase Discount
- Spin Wheel Activation for 72 hours on the mobile app
- Lifestyle Advisor – $1,875.00
- Online Shop
- VIP Builder 5 (5 FOL Travel Size Bottle & 5 Toothpaste Travel Size)
- $1700 Shopping Credits Retail Value
- 60,000 FREE Opulence Points
- 30% Purchase Discount
- Spin Wheel Activation for 72 hours on the mobile app
- Lifestyle Promoter – $775.00
- Online Shop
- $600 Shopping Credits Retail Value
- 25,000 FREE Opulence Points
- 25% Purchase Discount
- Spin Wheel Activation for 72 hours on the mobile app
The video below will tell you more about the Opulence Global opportunity.
How Much Can You Make?
I spent a long time searching the internet for any papers that may include information about Opulence Global’s income disclosure statements. This, however, no longer surprises me.
If you’re new to our site, let me describe an income disclosure statement for you.
It’s just a spreadsheet that shows how much money an MLM’s members earned over the course of a year. The members’ average monthly salaries are often shown.
To be honest, it seems that the vast majority of income disclosure papers inform individuals that the money they will be earning, if they even do, is much lower than they were promised. Furthermore, I do not believe that these MLMs ever inform their members of this.
The majority of individuals who join MLMs never see a return on their investment. It’s simply how things are. You will be unable to profit from this “opportunity”.
Things I Like in Opulence Global
Established Company
Having spent more than 10 years in the business, Opulence Global has sure outlived many of its fellow MLM competitors. Surprisingly, they seem to be going strong despite the pandemic.
It seems like the company is being run smoothly, too.
Things I Dislike in Opulence Global
Lack of Available Information
There are no retail prices posted on the company’s website, meaning that customers have no way of knowing how much their products cost, unless they contact a distributor.
Another thing missing in here is an income disclosure statement, which is a red flag.
Expensive Starter Packs
When I saw the pricing of their starter kits, I cringed a little. That is way too much money.
If you want to work for the business, you must buy one of them. Yikes.
Saturated Market
The niche where Opulence Global belongs to is quite competitive, meaning that there are a lot of huge companies which do proper advertising and marketing. I mean, how would this company compete with those?
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.
If you want to make money online, check out this logical business model that helped 6000+ people.
Opulence Global Compensation Plan
The ways to make money in Opulence Global are as follows:
- Retail Profit. You can potentially earn up to 67% commissions by selling products.
- Wholesale Profit. By launching an online shop, you can earn cash bonuses from $15 to $250, depending on the shop level.
- Team Commissions. You earn 8.5% commissions from your downline’s sales, up to the infinite level.
- Marketing Bonus. This bonus is paid to members who are able to sell a lot of products.
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 – Opulence Global
Before I end this Opulence Global MLM review, I have a few more insights that I should share.
Opulence Global MLM may be a legitimate business, but it is still a multi-level marketing organization. This implies that no matter how hard you work, your efforts will not be rewarded.
In a company model that promotes hard effort, it’s so disappointing that you’ll struggle to thrive even if you put in more hours than a normal employee.
The greatest issue you’ll face after you join Opulence Global is the amount of competition you’ll face. Aside from that, MLMs have a bad reputation, so not everyone will want to purchase from you.
Isn’t it also much more convenient to just go to a mall and purchase your items there than than having to wait for an MLM to deliver your items?
Remember that MLMs are still there because they discovered the greatest customers – the members themselves. If you think MLMs haven’t shut down because people don’t purchase from them, you’re mistaken.
They enforce the condition that you must purchase the goods first before selling them in order to ensure that they may profit from you.
That’s it for my Opulence Global MLM review. Hopefully this Opulence Global MLM 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!