Today we will be reviewing a company called Vestige. Is Vestige a scam? Find out in this Vestige MLM Review.
You’re probably simply trying to stay sane while trapped at home by consuming various forms of media. By now, you managed to find comfort in the simplest of things.
I’m sure the epidemic has helped you appreciate things you didn’t care for before, because you now have more time to spend by staying at home for the bulk of the day.
That’s how the hunbot came into your life.
One day, you’re sitting in front of your computer, viewing a random movie that someone you know suggested. That’s when you hear the ping from your phone, indicating that you’ve received a text message.
You decided to halt what you were watching and decided to have a look since you were annoyed by the interruption.
Then you see that the individual who just contacted you is pitching you on something you’ve never heard of.
Being able your own boss, setting your own schedule and earning money from the comfort of your own home? Of course that idea is quite appealing.
They are, however, strangers. You chose to do your own investigation of what the company is about, which led you to this location today.
Before we go further in this Vestige 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 Vestige in any way.
Hopefully this Vestige MLM review can help you decide whether you want to sign up for the company or not.
Before we proceed with the Vestige MLM review, check out my #1 recommendation to making money online after reviewing 300+ MLM companies.
What is Vestige?
Vestige is a multi-level marketing company that sells nutritional supplements and health products. The company was founded in India in 2004, by a man named Gautam Bali.
Bali is an entrepreneur, and he aims to improve the current global health situation. He wants to do this with the assistance of his products, which can only be bought from their distributors.
Over the years of their stay in the market, Vestige has grown quite a lot, becoming one of the biggest direct-selling companies in their home country.
They have an affiliate program, which is similar to any other MLM, where you may sign up as a member and make money by selling the items they manufacture.
You can learn more about Vestige by watching this video.
Vestige Products
Vestige sells various products, including the following:
- Health Supplements
- Ayurveda
- Air Purifier
- Water Purifier
- Health Food
- Home Care
- Women’s Hygiene
- Oral Care
- Natural Personal Care
- Premium Skin Care
- Personal Care
- Men’s Grooming
- Colour Cosmetics
- Agri Products
- Mach-Drive
How Do MLMs Work?
Now that you appear a bit more interested in Vestige, I felt that it was time for me to fill you in on some information you may not know MLMs.
After all, if you want to be a part of this one, you can benefit from the information I will provide. Even though I’m only allowed a few hundred words for this, you should never skip this part.
Because I’ve already done a lot of research and reviews on MLMs, I decided I’d share what I’ve learned with others who aren’t familiar with them.
To be honest, after researching numerous MLMs, I’ve already made up my mind: MLMs aren’t worth it. In this part, I’ll elaborate on that point.
You are already being duped into thinking that joining an MLM is a good idea before you ever sign up.
There’s a hunbot at your office who claims that joining an MLM is “the best decision you’ll ever make.”
How come they are still not successful if what that hunbot was claiming is true? Why are they still at the bottom of the ranks? Shouldn’t they be enjoying their company’s “benefits” by now, given that “they are their own boss”?
Take everything an MLM promises to be true with a grain of salt. They have a tendency to embellish and exaggerate. So, what should you expect? After all, that is how an MLM operates.
Is Vestige a Pyramid Scheme?
Since Vestige members earn money both by selling services and recruiting new members, then it is safe to say that Vestige is not a pyramid scheme.
However, since Vestige 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 Vestige look like a pyramid scheme in disguise, doesn’t it?
Like Sedalia Designs, My Lala Leggings, and Mary and Martha, Vestige is not a pyramid scheme.
Is Vestige a Scam?
No, Vestige is not a scam.
However, if you think this is enough for you to jump in Vestige’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.
How to Make Money from Vestige
Since Vestige is an MLM, there are only two ways to make money with the company. and these are:
- Selling products
- Recruiting members
These strategies may appear easy, but they will need a significant amount of effort on your part. To be honest, earning money in an MLM is far more difficult than earning money in a traditional profession.
In an MLM, selling items is the most basic method to make money. You get paid a commission for each product sold.
Depending on your rank, you will receive different commissions. Your commission will increase as you sell more goods.
If you believe that simply selling things would suffice, you are mistaken. You must also attract individuals on a consistent basis.
There are commissions paid for each individual who signs up as a result of your efforts. You get paid commissions on their sales as well.
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?
The biggest issue I have with Vestige is that no revenue disclosure statement has been provided.
This implies we don’t have any information on the wages of the people who work for this company.
This indicates that they are not being open and honest with their members. This, however, is not a new event for me, since I have already dealt with a large number of MLMs in the past.
They also don’t reveal their income statements in the majority of cases.
An income disclosure is crucial since it contains factual information about how much potential members would earn after they join the company. This information is based on all active members, therefore it is largely accurate.
All I ask is that these corporations take a stand and speak the truth. I’m sure they’re trying to keep their good name.
They were the ones, after all, who stated that people who join MLMs became prosperous. Why wouldn’t they show us the facts to back up their claims?
Simple. This is due to their deception. The majority of people that join MLMs do not succeed and do not make money.
Things I Like in Vestige
Established Company
Vestige has been in the business since 2004, meaning that they have been in the business for close to two decades.
This means that the company is established enough to continue running, despite a lot of competition coming out as years go by.
However, this does not mean that you should trust the company right away, as it is still an MLM.
Things I Dislike in Vestige
Expensive Products
This is, after all, the issue with most MLM businesses.
They appear to believe that their items are the greatest in the world, thus they can charge whatever they want for them.
However, this technique causes them more damage than benefit.
For one thing, because MLMs products are a lot more expensive, clients are less likely to consider them as an alternative.
Second, they have budgets that they stick to down to the last dollar. They would not want to deviate from that budget only to purchase supplements that are pricier than the brands they are used to.
Saturated Niche
I’ve previously examined a number of health and wellness firms, and I can confidently say that there are far too many of them competing.
Vestige is one of them, and because there are so many well-known companies in this area, this company simply flies under the radar.
To be honest, I don’t believe anyone will notice this one.
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.
Vestige Compensation Plan
The ways to earn money in Vestige are as follows:
- Performance Bonus – Depending on your rank, you can get a 5% to 20% commission on products you sell.
- Fast Start Bonus – Depending on the quantity of the products you sell per month, you can earn 8% to 20% commission.
- Recruitment Bonus – Every time you recruit a new downline member, you earn 5% to 10% bonus.
More details can be found in this link, which will direct you to the document.
Also, I found a video which can help you understand the compensation plan better.
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 – Vestige
Now that you’ve finished reading our Vestige MLM review, I’m sure you’ve made up your decision about whether or not to join the firm.
However, I believe I have made my argument clear enough from beginning to end: an MLM is not worth joining.
There are far too many red flags about this organization, and other MLMs in general, from not getting paid salary to having to recruit friends and relatives.
They are even urging its members to leave their long-term jobs, which pay far more than an MLM. Are you certain you want to go through with it?
I have an offer for you in the following section if you’re searching for a decent side hustle that doesn’t need any recruitment.
That’s it for my Vestige MLM review. Hopefully this Vestige MLM review helps with your decision.
You Can Find the Best Way to Make Money 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!