Today we will be reviewing a company called RegenaLife. Is RegenaLife a scam? Find out in this RegenaLife review.
If you someone who’s into fitness and exercise, I still doubt that you know about RegenaLife’s existence. After all, this company is an MLM, which means that they are pretty obscure. Meaning, you wouldn’t really know that they exist unless someone from the company gets in touch with you.
Well, looks like the reason why you are here today is because someone did get in touch with you. I am sure that it is a stranger who just messaged you in social media. They promise you a “great opportunity” which you can do full-time and part-time, with great financial rewards and a community willing to support you all the way.
I am sure that anyone would be enthralled by an opportunity like this, especially these days when we are all quite on edge about how we can continue supporting ourselves financially. This pandemic really took a toll on us and is continuing to ravage the world, stripping jobs and money from the ones who need it the most.
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 RegenaLife in any way.
Hopefully this RegenaLife review can help you decide whether you want to sign up for the company or not.
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What is RegenaLife?
RegenaLife is a multi-level marketing company that sells health and wellness products. RegenaLife used to be called Regenaration USA, and they rebranded in 2016. The company was founded by Justin Chernalis in 2008.
Chernalis has more than 30 years of experience in the nutraceutical industry. He is also currently serving as one of the major board advisers for RegenaLife.
The current CEO, Ernie Cadiz, has also accumulated around three decades of experience in the telecom, energy, and real estate industry. Looks like RegenaLife has excellent leadership, which is why they have been in business for this long.
You can learn more about RegenaLife by watching this video from their official YouTube channel.
The company is currently based in New Jersey, United States.
How Do MLMs Work?
Let’s take a break from RegenaLife for a moment. In this section, we talk about MLMs in general. I’ll be sharing you some insights, as someone who has reviewed quite a lot of MLMs in the past. I am confident in the knowledge that I can share to you, as well as with my opinion that MLMs are the worst and you should never join one.
I suggest that you read this section in its entirety if it is your first time encountering an MLM. This section can help you spot an MLM and avoid it before it does any damage to you and your family.
Today, let us talk about why MLMs love to lie just to get money from as many people as possible.
If you are pretty desperate for money, then I am sure that you looked up terms like “earn extra money” or “earn money online” on Google. From this search terms, I bet that there are MLMs that popped out on the results.
MLMs love advertising their “opportunities” to people who are in need of money the most. They are pretty much lying to get these desperate people to join the company, and take advantage of them.
Actually, lying is the most common thing that all MLMs do. They promise these people that joining the company is a guaranteed path to success. After all, the reason why there are so many MLMs in business is because of desperate people who want to do something that they think will help them boost their earnings.
The problem with this is they are giving those people false hope, and at the same time, taking the money they have left. Most people who join MLMs are at their wit’s end, and the last thing they want is to lose the money they have left.
Is RegenaLife a Pyramid Scheme?
Since RegenaLife members earn money both by selling services and recruiting new members, then it is safe to say that RegenaLife is not a pyramid scheme.
However, since RegenaLife 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 RegenaLife look like a pyramid scheme in disguise, doesn’t it?
Is RegenaLife a Scam?
No, RegenaLife is not a scam.
However, if you think this is enough for you to jump in RegenaLife’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 three sources will be of the most help to you.
The best source you could find online is the current source you are currently browsing. This RegenaLife review is a third-party review. Third-party reviews are not unaffiliated with the companies they write about, so you can be assured that these reviews are in no way biased towards the MLM companies. Also, the facts being published by these third-party reviews were gained by hours of thorough research, so they are pretty authentic.
If you want to know if there is an online community that talks about MLMs, then I suggest looking for forums. These forums are pretty active too, with some even amassing thousands of members through the years. I scoured some forums and I noticed that the members are pretty helpful when you have any questions or inquiries.
There are also information available online from people who used to work for MLMs. You can find quite a lot of testimonies from these people on media sharing sites. What’s unique about these sources is that these people know the truth about how the MLMs operate, and can share information that MLMs refuse to be publicly known.BONUS : My #1 Recommendation To Make Money Online In 2021(Free Guide)>>
How to Make Money from RegenaLife
Since RegenaLife is an MLM, there are two basic ways to make money with the company. and these are:
- Selling products
- Recruiting members
Bear in mind that these are only the most basic ways with which you can get earnings from RegenaLife. MLMs offer quite a lot of bonuses and benefits that their members could qualify for, as long as they meet the necessary requirements. You can find the ways with which you can get paid in RegenaLife by checking the later sections of this RegenaLife review.
Most of the bonuses that you can get require members to have a downline. Building a downline is a lot more challenging than it sounds, as it involves recruiting people. Being able to persuade people into signing up under you requires you to have charisma and people skills.
To qualify for the bonus, you will need to meet sales quotas. To do this, you need to persuade your members to keep ordering from you. Basically, you get more money if you have a lot of people under you.
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.
RegenaLife sells products divided in the following categories:
- Cardiovascular Support
- CBD Products
- For Your Home
- Joint Support
How Much Can You Make?
RegenaLife is another example of an MLM company that does not publish an income disclosure statement. This isn’t really new, since majority of MLM companies I have reviewed do not publish this information.
It has been established and even backed by quite a lot of sources that people who sign up for MLM companies do not make any money. They do not even make back the startup fee that they were required to pay.
Anyway, this just seems bad for MLMs, because they will basically be revealing to everyone that people who sign up for their so-called “great financial opportunity” do not make any money. Once this information comes to light, of course people would refuse to sign up.
The main reason why MLMs set monthly sales quotas that they make their members follow is because that is the main way for the company to make money. They encourage buying products for ‘personal use’ quite a lot, because they know that it is quite difficult for people to find customers willing to try out the products.
This practice lands people in debt because it just means that they would have to keep buying the products for themselves if they cannot sell them, all to meet the quota or they will be dropped by the company entirely.
Things I Like in RegenaLife
RegenaLife has been in the business since 2008, which means that they have been in business for more than 10 years. It is quite impressive for a company, especially for an MLM, to last for more than an MLM’s average lifespan of three years.
I guess RegenaLife has managed to garner quite a lot of loyal customers through the years, which explains why the company remains profitable to this day.
Things I Dislike in RegenaLife
The company’s products are quite expensive. You can check the prices of their products by checking their online store.
I am not quite sure why MLMs like RegenaLife do this to themselves. Take note that they are already quite obscure because they are an MLM, yet they put the products in a price point meant for premium products.
Are RegenaLife’s products deserving of being priced like this? I don’t think so.
Also, it just pushes potential customers away. After all, these products could be found a lot cheaper elsewhere, which will be explained in the next section.
RegenaLife is an MLM company in the health and wellness niche, and it is one of thousands that are in this profitable niche. After all, quite a lot of people take vitamins and supplements, and consume fitness products. This is why the health and wellness niche is a billion-dollar industry.
The reason why this niche is pretty profitable is because people make quite a lot of repeat purchases. After all, when you take supplements, you need more than one quantity, right?
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.
RegenaLife Compensation Plan
You can view and access RegenaLife’s compensation plan by clicking this link.
Here are the ways you can get paid in RegenaLife:
- Climbing the ranks. There are 12 ranks you can climb once you sign up for RegenaLife. The higher your rank, the more benefits you can qualify for.
- Retail Commissions. You can buy RegenaLife products for wholesale prices and sell them for their retail prices. The difference will be your earnings.
- Residual Commissions. This is commissions you can get from your downline’s sales. The higher your rank, the higher percentage you are eligible to receive.
Here is a video that will help explain RegenaLife’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:BONUS : My #1 Recommendation To Make Money Online In 2021(Free Guide)>>
Final Verdict – RegenaLife
Before I end this RegenaLife review, I would like to share a few more insights that could help you.
Thank you for reading this RegenaLife review up to this point. In fact, as thanks, I will share a few more tips and insights that will definitely help you out in the future.
In an MLM, it is widely accepted for you to lie in order to get customers. Do you think your conscience can take that? Remember that once you sign up for this, you would have to do that full-time in order to get sales.
Well, I am not a fan of being lied too, especially because I can smell BS from miles away. Remember that not everyone is gullible enough to take your word at face value. Since most people have internet access, it is quite easy to research the opportunity you will be selling them, so I suggest just being honest about the whole thing.
Moreover, why would you even want to be a part of a business that constantly lies to you and to your customers? I wouldn’t want that, personally. It’s still better to live everyday with a clear conscience.
If you would like a legitimate opportunity which does not require you to recruit your friends and family, then I suggest checking out the section below.
That’s it for my RegenaLife review. Hopefully this RegenaLife review helps with your decision.
You Can Find a Great Opportunity Right Here, Right Now
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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’?
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