Today we will be reviewing a company called Princess House. Is Princess House a scam? Find out in this Princess House Review.
I am sure that even if you like reading various articles on the internet, you haven’t heard of Princess House before. The company is just pretty obscure, and unsurprisingly, that is because they are an MLM. MLMs do not really run their business through conventional means.
I did not mean for that to sound so foreboding, so let me clear that up. MLMs are a legal form of business. However, unlike regular businesses, they do not really use advertisements or billboards in order to get the name of the company out there. They get people to sign up as members who will do advertising for them.
The issue with that though is that these people aren’t really getting paid properly. They earn money only if they make a sale. Regardless of how hard they work and how long they work each day, they just get paid whenever they successfully sale something. What a bummer, right?
That is just the preamble to the wild ride known as this Princes House review today. I hope you are prepared to learn more about the truth behind these MLM companies.
Before we go further in this Princess House 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 Princess House in any way.
Hopefully this Princess House review can help you decide whether you want to sign up for the company or not.
Before we proceed with the Princess House review, check out my #1 recommendation to making money online after reviewing 300+ MLM companies.
What is Princess House?
Princess House is a multi-level marketing company that sells kitchenware and other home products, like glass storage containers, cookware, and kitchen tools. The company has been in business for around 5 decades now, as they were founded in 1963. That is quite impressive.
The founder was Charles Collis, an entrepreneur. Back then, Princess House specialized in glass crystal ware. They have expanded their product line since then. Collis started the business to empower women and to give them a viable career.
The current owner of Princess House is Ray Chambers, while Lynne Cote is the current CEO. Cote was the previous CEO of Cabi, an MLM that specializes in fashion clothing and accessories.
Princess House owns their very own state-of-the-art distribution center in North Carolina. The company has expanded its business from the United States to Mexico, Puerto Rico, and Canada.
You can watch this video to learn more about the opportunity.
Princess House Products
Princess House sells the following types of products:
- Bakeware
- Cookware
- Cookware Sets
- Cutlery
- Dinnerware
- Electrics
- Flatware
- Food Storage
- For the Home
- Glassware & Barware
- Home Organization
- Kitchen Tools & Cleaners
- Serveware
- Specialty Foods
- Tabletop
- Three-Booking Gifts
How Do MLMs Work?
Now that I told you what you need to know about Princess House and their products, I think I should take a pause from talking about them. A word of advice though: you shouldn’t trust an MLM just because you think their products are cool.
If this is your first time ever reading an MLM review, I suggest that you not skip this section. Remember that I am completely on your side in this situation. I want you to take a good look at the “opportunity” they present before jumping headfirst into a decision that you will regret.
From what I have researched so far, what I could observe is that MLMs operate like cults. I am sure that you have heard of cults before. How did I come to that conclusion, you ask? Well, simple. I have reviewed hundreds of MLM companies. I guess I have the proper amount of knowledge to be confident that I know what I am talking about.
As much as possible, MLMs want you to depend on them. No, this is not just the type where you can rely on them because you earn money. They mean a different type of dependence. They want your life to completely revolve around them – your family, friends, career choices, and even hobbies.
MLMs want complete control over your life, basically. At first, they only give out subtle hints. They want you to recruit your family members and friends into the business, in order to “spread the word”. Next, they tell you to quit your job to pursue the “opportunity” full-time. Third, they want you and your family to work for them.
These are just the basic hints, and I am sure that there are more.
Is Princess House a Pyramid Scheme?
Since Princess House members earn money both by selling services and recruiting new members, then it is safe to say that Princess House is not a pyramid scheme.
However, since Princess House 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 Princess House look like a pyramid scheme in disguise, doesn’t it?
Like NeVetica, Hungry Bark, and ByDzyne, Princess House is not a pyramid scheme.
Is Princess House a Scam?
No, Princess House is not a scam.
However, if you think this is enough for you to jump in Princess House’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.
Honestly, you already found the best source to consult. This Princess House review is a third-party review, meaning that it has no biases and is completely impartial. It only tells the truth, because it is not pressured by any company to adhere to some set of rules.
Before being published, third-party reviews undergo hours of research and quite a lot of checking. This is to ensure the accuracy of the information they have, and to make sure that they are not influenced by the MLMs in any way.
Third-party reviews may be able to answer majority of your questions, but I am sure that you have some concerns which cannot be answered by them. This is why you should consult more than one source.
The other source that I recommend you look at are online forums. Most forums I have found that discuss MLMs are pretty good databases too. They do their best to update the information they have as frequently as possible, because they know that people consult them for questions.
The good thing with these forums are the members are very approachable and friendly. They also know what they are talking about since some of them have first-hand experience with being a part of an MLM before. Their goal is to educate as many people as possible about MLMs, so don’t be afraid to ask them questions.
How to Make Money from Princess House
Since Princess House is an MLM, there are only two ways to make money with the company. and these are:
- Selling products
- Recruiting members
Making money in Princess House is not as easy as they make it sound. They make it sound like all you have to do is sell and recruit, and I am sure that the hunbot who talked to you didn’t even bother explaining this properly to you.
Selling is the straightforward method of making money in an MLM. By signing up for the company, you are eligible to receive discounts to products, which you can then sell for the suggested retail price. It might sound simple, but finding customers is a whole other problem.
If you are looking to make big bucks, then recruiting is the key. This is a little easier if you are a people person. You have to recruit people into signing up, then you get a commission every time they make a sale. It is passive income, and the more people you get the join, you have the potential to make even more money.
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?
Even though Princess House has been in the business for decades, it seems like they do not publish an income disclosure statement. This comes as a surprise to me, because shouldn’t they be proud of how much their members make?
This leaves us to speculate regarding the truth behind the earnings that members make in Princess House. Why is the company hiding it? An MLM is a business made with trust, but by the way they are behaving, it does not make them look trustworthy at all.
They should be transparent towards the people who bring them money. If not for their members, this company would not even be known. However, I could think of one reason why they refuse to share an income disclosure.
Most people who join MLMs do not make money. Princess House is no exception. This means that their members do not make as much money as promised. Some of them do not make money at all, which is not surprising.
Things I Like in Princess House
Established Company
This company has been around since 1963, making them one of the longest existing MLMs in the market. I guess this gives them an edge towards other MLMs, because they already know how the market works. Seeing as how Princess House is still in business, they seem to know how to adapt to modernization through the years.
Things I Dislike in Princess House
Expensive Products
Princess House’s products are not within the reasonable price range, sadly. Actually, I am not surprised that this company sees its products as worth the prices they charge them for. I am sure that they are aware of the prices of the same products that are not from MLMs, but I think they believe that expensive prices equate to premium quality.
Tough Competition
I do not really see people buying their kitchenware from MLMs. To be honest, it is very easy to just pop by your local department store and get your stuff there. It is pretty simple. If you do not know what to get, you can always ask the salespeople in there, and they will give you a quick lesson regarding kitchen products.
Yeah, I do not really see people trusting strangers selling kitchenware anytime soon.
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.
Princess House Compensation Plan
You can view and access the company’s compensation plan by clicking this link.
Here are the ways to make money with Princess House:
- Personal sales. With every sale you make, you are entitled to a 25% commission. When your sales per period exceed $1,500, you get additional bonuses of 5% to 10%.
- Organizing parties. You can organize parties in order to help boost your sales, and you get commissions based on the number of people in the group.
- Recruiting. By recruiting, you can get people to sign up under you and earn commissions from the sales they make.
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 – Princess House
Before I end this Princess House review, I would like to share a few more insights that could help you.
You are probably feeling a little sad because this opportunity is nothing like what was promised to you. In fact, you should be glad that you were able to make a lucky escape. You managed to dodge a bullet there.
I am also glad that you reached the end of this Princess House review. I hope that you put your newfound knowledge to good use by telling your friends to stay away from MLMs. MLMs are just debt traps waiting to happen. It is always too late for people to realize that they made the wrong decision of joining one.
Speaking of which, I know of a much better opportunity than an MLM. It isn’t stressful as all as it does not require you to sell products or recruit anyone. The details about it can be found at the next section.
That’s it for my Princess House review. Hopefully this Princess House review helps with your decision.
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