Today we will be reviewing a company called Ring Bomb Party. Is Ring Bomb Party a pyramid scheme or scam? Find out in this Ring Bomb Party review.
Have you heard of Ring Bomb Party before?
Surely, you haven’t.
Not until someone in your social media messaged you about it, boasting about this “great opportunity where you can choose your own hours and be your own boss”.
Sounds like a typical MLM, if you ask me.
That aside, I could only think of two reasons why someone would bring up Ring Bomb Party to you.
First off, they are definitely spamming those in their friend list saying that the products they sell are “revolutionary” and “groundbreaking”.
Another reason is that they want to recruit people in the company by promising stuff like “you will earn more here than a real job” and saying things like how an MLM is much better than a real job.
Chances are, they messaged you for both reasons.
Before we go further in this Ring Bomb Party review, I want to clarify two terms first, as you will encounter them a lot of times in this review: MLM and pyramid scheme.
MLMs sell products, while pyramid schemes do not.
Also, pyramid schemes are downright illegal and are banned by the FTC.
Both business models utilize the same technique of recruiting, though.
As a disclaimer, I am not affiliated with Ring Bomb Party in any way.
Hopefully this Ring Bomb Party review can help you decide whether you want to sign up for the company or not.
Before we proceed with the Ring Bomb Party review, check out my #1 recommendation to making money online after reviewing 300+ MLM companies.
What is Ring Bomb Party?
Ring Bomb Party is a multi-level marketing company that sells costume jewelry, like Trades of Hope and Paparazzi.
Basically, the jewelry comes in a ring bomb.
A ring bomb is like a bath bomb, basically.
At the center of the ring bomb is jewelry, valued from $25 to $1,000.
The company was founded by Lillian and Isabela Coleman.
Ring Bomb Party used to only sell rings, but they have ventured into selling other kinds of jewelry as well.
The company has also released themed product lines, like their Versailles Collection.
Like a typical MLM, they advertise an affiliate program where you can sign up and sell their products in order to earn a commission.
However, you will have to pay a fee and make an initial order before you can start.
Ring Bomb Party is currently based in Alabama, United States.
How Do MLMs Work?
Before we go further in this Ring Bomb Party review, I would like to welcome you in this section where we talk about MLMs in general.
For today, we will be talking about how MLMs overprice the low quality crap they are selling.
This is one of the things that always get in my nerves whenever I talk about MLMs.
It does not make sense to me why this companies think that customers would come knocking on their doors to purchase their overpriced products.
Do they think that people would assume that their premium prices mean premium quality?
Also, when it comes to shopping and spending money, people want prices that are low, as much as possible.
Yes, it is rare for products to be reasonably priced when they are of high quality.
However, isn’t it just ridiculous to pay premium price for something that you can get more easily elsewhere?
Let’s take cosmetics, for example.
Why would people want to buy cosmetics from an MLM that sells them for premium price and wait ages for it to arrive, when they can go to mall and get their stuff there?
This is another issue about MLMs: the ETA of their items.
They are competing against online stores that ship their products on time, and of course, malls and shopping centers where products are readily available.
A big disappointment awaits once you get the products and realize that you should have bought from the mall instead.
So, do you think it is worth it to invest in MLMs once you realize how crap their products are?
Remember that even if their products are low quality, you will have to do your best to market and advertise them.
Even if that is the case, you will not get paid for your efforts.
So, everything I said is about all the disadvantages.
Where are the advantages, you ask?
Well, there is none whatsoever.
Is Ring Bomb Party a Pyramid Scheme?
Since Ring Bomb Party members earn money both by selling services and recruiting new members, then it is safe to say that Ring Bomb Party is not a pyramid scheme.
However, because this is an MLM no matter what, you will earn significantly more by recruiting new members.
Recruiting is also much more encouraged.
This just makes Ring Bomb Party look like a pyramid scheme in disguise, doesn’t it?
Like Pomifera, Thirty One Gifts, and Infinitus, Ring Bomb Party is not a pyramid scheme.
Is Ring Bomb Party a Scam?
No, Ring Bomb Party is not a scam.
However, the company is more than likely hiding some things for you, which is why you must watch this video.
This video, as the title tells us, exposes some of the company’s bad practices.
The reason why you must do your own research is because you can uncover a lot of things that way.
You can definitely uncover a lot of information that Ring Bomb Party is hiding from the public.
I suggest viewing the r/antiMLM subreddit, as this is the most comprehensive forum out there that specializes in reviewing MLMs.
Remember that your best source of information when it comes from MLMs are those from third-party sources, like this Ring Bomb Party review.
This is because these sources do their thorough research and are unaffiliated with the company, which means that these sources would only tell the truth.
Furthermore, since the company does not have any influence in this reviews, there is no way that information will be skewed towards their favor.
Ex-member testimonials are also good sources of information because these testimonials tell whether the company actually cares for their members and want them to thrive.
How to Make Money from Ring Bomb Party
Since Ring Bomb Party is an MLM, there are only two options available to make money with the company. and these are:
- Selling products
- Recruiting members
You can get special benefits as well by ranking up.
Ranking up is easier said than done, though.
To be able to rank up and enjoy benefits, you need to recruit people and have them join your downline.
Remember that ranking up cannot be done by selling alone, unless you can sell massive amounts of product every week.
This company, just like other MLMs, do not really care about your sales.
All they want is for you to bring more people in.
This is sounding more and more like a pyramid scheme, doesn’t it?
How to Join Ring Bomb Party
Joining this company is pretty easy.
To join Ring Bomb Party, all you have to do is click this link.
After that, all you have to do is fill up the form they provide with the required information.
It costs $399 to join Ring Bomb Party, and you will have to pay for this outright.
The starting fee is $49, while you will have to buy a minimum of $350 worth of inventory.
In order to stay active as a consultant, you will have to meet a requirement of 350 PQV, and that equates to $350 worth of products bought every month.
That’s right, I said “bought”, and not “sold”.
You will have to pay for the products yourself first before you can sell them.
Ring Bomb Party Products
Like I said before, Ring Bomb Party sells costume jewelry.
They sell rings, necklaces, and other types of jewelry you could think of.
The price is $17.95 each.
However, take note that you cannot choose which design you will be getting.
This is because the products are encased in a bath-bomb like structure.
You can only see what you get after you have dissolved it in water.
Are the Products Worth It?
From my research, Ring Bomb Party states that each jewelry encased in their ring bombs have a “value” worth $25 to $1,000.
That makes the price tag of $17.95 a total steal, right?
That sounds like absolute crap, if you ask me.
How will the company turn a profit if that is really the case?
Like I said before, you cannot choose what design you like, so you will have to wait for a “reveal” from whoever you bought it from.
The jewelry has tags attached to them that states the “suggested retail value” of each piece.
However, doesn’t that sound downright shady to you?
A company can freely set their prices so high so that people buying them would actually believe that the products are worth it.
Also, the company clarified this “value” issue in one of their statements.
This means that the “value” they kept referring to is not the same as what an actual jeweler would price the pieces.
So basically, they just admitted that the products are cheap costume jewelry.
I suggest watching this video so you can have an idea about how the MLM operates and to see how bad the product quality really is.
Things I Like in Ring Bomb Party
Well, I cannot really find anything praiseworthy about this company.
Things I Dislike in Ring Bomb Party
Gotta Keep Buying
To maintain your active status so you can continue selling products, you would have to keep buying products.
As I stated before, you need to purchase $350 worth of products so that you can keep your active status.
That is way too much, to be honest.
I think it isn’t impossible for someone to reach that quota in a single month, but it will take way too much work.
The company does not care if you can even sell all these products.
All they want you to do is to keep giving them money.
Low Quality and Overpriced Products
Well, Ring Bomb Party already said it themselves that the values they set are not the same as what you get from a jeweler’s appraisal.
This just proves one thing.
Ring Bomb Party sells overpriced, low quality products and making it seem like the products are actually worth something.
If you want good-looking costume jewelry, you can buy some from Wish and AliExpress for less than a dollar.
You can watch this video to have a glimpse of what the products actually look like, and to be honest, they all look cheaply made.
Triggers Gambling Addiction
Due to its random nature, this MLM can unfortunately trigger people’s gambling addiction.
They will keep buying more so that they can get the particular piece they want.
I guess this is the company’s main goal in order to sell their crappy jewelry.
It is an MLM
In order to make money, you will have to keep recruiting people.
Also, take note that the people you will be recruiting will also be selling the same products as you.
You are basically training them to be your own competition.
Ring Bomb Party Compensation Plan
There are only two ways you can get paid, according to the company’s compensation plan.
Retail Sales Commissions
This is the commission you earn from your sales.
Residual Commissions
These are the commissions you earn from your downline’s sales.
To learn more details about the compensation plan, I suggest watching this video.
https://www.youtube.com/watch?v=wkLhld08BRw
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 – Ring Bomb Party
Before I end this Ring Bomb Party review, I have a few more thoughts that I’d like to share.
First off, this company looks like a downright scam, from the get-go.
I think this is one of the MLMs that have the scummiest policies.
From low quality jewelry that is marked up more than 100%, to the random nature of purchases, this company is just bad news.
And yet, the sad reality is people still believe all the lies they are spouting.
Do you really think that you are getting a good deal by purchasing costume jewelry for $17.95?
No, you are not.
In what universe do you think will a business deliberately want to lose money?
Along with the ridiculous practices, this company just straight up made its way to my list of MLMs that you should avoid like the plague.
That’s it for my Ring Bomb Party review. Hopefully this Ring Bomb Party review helps with your decision.
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