Today we will be reviewing a company called Vyvo. Is Vyvo a scam? Find out in this Vyvo MLM review.
I’m sure the proposal made by the Vyvo hunbot with whom you spoke to surprised you as well. To be honest, if it hadn’t been for that accidental encounter, you would have never known about this business.
Also, I’m sure you were enticed to join, which is why you’re here reading this Vyvo MLM review today. At the very least, before making such a significant choice, you chose to learn more about the business.
If you’re wondering why you’ve never heard of this company before, it’s because they’re relatively unknown.
When it comes to financial issues, secrecy isn’t always a good thing. Some businesses may be obscure but legitimate, but MLMs are a different kind. Let’s just say they’re a little bit legitimate, but very shady. They are not classified correctly under the law.
I recommend reading this Vyvo MLM review in its entirety to fully get what I’m referring about.
Before we go further in this Vyvo 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 Vyvo in any way.
Hopefully this Vyvo MLM review can help you decide whether you want to sign up for the company or not.
Before we proceed with the Vyvo MLM review, check out my #1 recommendation to making money online after reviewing 300+ MLM companies.
What is Vyvo?
Vyvo is a multi-level marketing company in the health and wellness niche. They specialize in selling smart technology devices. These devices work with AI analysis software.
Basically, Vyvo’s proprietary technology will instruct you with what NutraPak (another Vyvo product) you should purchase to get the maximum nutritional benefits.
Like any other MLM out there, Vyvo offers an “opportunity” which people can sign up for in order to make money.
The company was founded by Fabio Galdi in 2011, and was named World Mobile Network. The name was changed two more times, until it finally became Vyvo in 2019.
This video will tell you more about this MLM company.
Vyvo Products
Vyvo’s product line is composed of the following categories:
- Smart watches
- Smart scales
- NutraPak supplements
Well, even if Vyvo is another smart watch company, the main question is: do their products work?
Here is a video that will tell you more about Vyvo’s products.
How Do MLMs Work?
Now that I’ve given you some background information about Vyvo and their goods, I believe it’s time for me to explain what MLM is all about.
After all, I’ve already given you the rudimentary definitions of words you should be familiar with, but that’s not nearly enough to describe what they really mean.
If you’ve never heard of a multi-level marketing company before, I recommend that you read this section completely. Keep in mind that in this circumstance, I am fully on your side and will be assisting you by giving you the truth.
MLMs are aware of their obscurity, for one. They understand that consumers are less likely to come to them, so they developed a business plan that would guarantee that they make money every month even if they only have a few clients.
Recruiting has plays a major role in this business.
Those that bring new members into an MLM are paid handsomely. When compared to individuals who join the company only to sell goods, the perks and bonuses they get are usually far greater.
Because MLMs do not have a defined target market, this is the case. Members are their primary consumers. Even if they can’t sell as many goods, this is how they make money every month.
It costs money to join, and you must first purchase goods before you can sell them.
Don’t you think this is a little shady? Why would you have to purchase the goods first? Isn’t it better if you only get them when you have a customer?
The multi-level marketing companies (MLMs) are vying for your cash. You’re now trapped with items you don’t want, and they don’t seem to mind.
Is Vyvo a Pyramid Scheme?
Since Vyvo members earn money both by selling services and recruiting new members, then it is safe to say that Vyvo is not a pyramid scheme.
However, since Vyvo 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 Vyvo look like a pyramid scheme in disguise, doesn’t it?
Like ASEA, Traveling Vineyard, and One2One Diet, Vyvo is not a pyramid scheme.
Is Vyvo a Scam?
No, Vyvo is not a scam.
However, if you think this is enough for you to jump in Vyvo’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 Vyvo
There are only two ways you can do to make money from Vyvo, and they are:
- Selling products
- Recruiting members
Working in a multi-level marketing company is far more difficult than working in a traditional job. For starters, you will not get paid on a regular basis. Only by generating sales on a commission basis can you make money.
This implies you won’t make any money if you don’t sell anything. If you can’t sell anything, you won’t get paid for your time and work.
In Vyvo, selling is the most fundamental kind of income. Members get access to reduced pricing on goods.
They may then resell them at a retail price, making a profit. However, finding consumers is a whole another challenge for you.
Instead, if you want to make a lot of money, you should concentrate on recruitment. Recruiting is lucrative, particularly if you can convince a large number of individuals to join under you.
Because you profit from their sales, the more members you have, the better.
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?
It seems like Vyvo’s reason for not providing us with an income disclosure statement at this time is because they do not have enough data yet, given that they were relaunched fairly recently.
I guess this is a valid reason compared to companies who just choose not to disclosure the potential income of their distributors entirely.
Will we get an income disclosure statement in the future from them? Only time will tell.
Things I Like in Vyvo
Established Company
Vyvo has been in business for a decade now, and that is pretty rare.
It takes a long time for an MLM to reach three years in the industry, so staying in it for far longer than that is really remarkable.
Things I Dislike in Vyvo
Expensive Products
Like I stated previously, there are bigger companies which sell smart watches. The main issue I have with that is that the price of Vyvo’s products are a lot more compared to them, which pushes other customers away from the company.
Also, remember that technology is rapidly evolving. Vyvo’s products are already quite outdated, to be honest.
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.
Vyvo Compensation Plan
Vyvo’s compensation plan document is available for viewing here.
The ways to get paid in Vyvo are as follows:
- Fast Retail Bonus. Every product sold will earn you a 10% sales commission.
- Cashback Bonus. You get a 10% cashback for every product you buy.
- Team Volume Commission. This depends on your sales volume, and ranges from 10% to 20%.
- Money Box Commission. This commission is available to you once you reach the Team Builder rank, and is 1% of your team volume’s sales.
- Builder Brick Bonus. Once your downline reaches the Team Builder rank, you can earn a cash bonus of $20 up to $100.
- Generation Matching Bonus. This is available for up to 10 levels, and ranges from 1% to 10% commissions.
- Business Development Bonus. If you are able to maintain your Diamond rank for two to four commission periods, you get a cash bonus of $500 to $1,000.
- Recognition Rewards. This is composed of lifestyle rewards, like trips, and is available to certain ranks.
To remain active in Vyvo, you need to purchase a Vyvo Smart subscription. However, if you do not want to do this, then you need to have at least one customer who has an active subscription.
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 – Vyvo
Before I end this Vyvo MLM review, I would like to share a few more insights that could help you.
You may be disappointed since you believed Vyvo would help you get out of a poor financial position. However, you managed to dodge a bullet there.
Vyvo is a multi-level marketing company, and as much as they dislike admitting it, they are no better than having a normal job with a set income.
You may control your hours and select what to do with your spare time, but your efforts will not be acknowledged no matter how hard you work. They’ll only matter if you sell a large enough number of goods.
Just below this section, you’ll find a far greater opportunity. Instead, I recommend that you take advantage of that opportunity.
That’s it for my Vyvo MLM review. Hopefully this Vyvo MLM review helps with your decision.
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