Today we will be reviewing a company called Wikaniko. Is Wikaniko a scam? Find out in this Wikaniko Review.
I ma glad that you decided to look for this Wikaniko review before deciding to join the company straightaway. After all, I know that the hunbot you encountered was pretty persuasive. Also, I am glad that you did not take a stranger’s word right away, and decided to follow your hunch by researching them.
I am sure that whatever that hunbot offered you is something that is quite tempting, which is why you were not able to shake them off. To be honest, who wouldn’t want to be their own boss, working on their chosen hours, and being able to go on a vacation anytime they want to?
The problem with that is it is all an absolute lie. Yes, MLMs have a track record of lying to people, and Wikaniko is just like all the others. There is no exception for them, because after all, they have hunbots employed at their disposal.
Today, I will revealing a lot of facts about Wikaniko. I suggest you read until the end to learn everything and to know the better ways to make money that joining an MLM.
Before we go further in this Wikaniko 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 Wikaniko in any way.
Hopefully this Wikaniko review can help you decide whether you want to sign up for the company or not.
Before we proceed with the Wikaniko review, check out my #1 recommendation to making money online after reviewing 300+ MLM companies.
What is Wikaniko?
Wikaniko is a multi-level marketing company that sells eco-friendly products, ranging from health products, home products, and cleaning products. The company is currently based in the United Kingdom.
Because Wikaniko is an MLM, they offer an affiliate program with which you can sign up in order to start selling the products and building your own business. At least, that is what they are trying to promote to people.
Wikaniko’s vision is to provide co-friendly products which make it easy to live a more sustainable life. As their name states, “We Can Eco” with their products.
The company was founded by husband and wife team Trevor and Karen Blake. They sell eco-friendly products in reasonable prices in order to help protect the planet.
How Do MLMs Work?
Welcome to the section where we take a pause from discussing the current MLM we are reviewing, in this case, Wikaniko, to talk about issues about MLMs in general. This could be your first time ever reading about an MLM, so I suggest that you read this section from start to finish in order to get all the knowledge I will be sharing.
In my opinion, MLMs are the worst. I suggest that you stay away from them once you realize that the “job opportunity” being offered to you is actually an MLM.
If you are wondering why I have such strong opinions regarding the subject, well, it is because I already reviewed hundreds of MLMs. You may think that it is many, judging by the number, but in truth, I barely scratched the surface.
If you want to know just how many MLMs are in business, I suggest searching for a random term with the word “MLM” on it. I am confident that something will come out of that. Yes, you read that right. There is an MLM for anything, even the most ridiculous product imaginable.
If you are wondering why that is the case, well, it is simply because an MLM business model is pretty profitable. It is not profitable for the members, but for the owners. So yes, it’s not true that you are your own boss. The company’s CEO is your boss.
Another thing to note is that when it comes to MLMs, you have everything to lose and nothing you gain. You have to follow ridiculous sales quotas and a set of rules to ensure that you continue selling the products. Basically, you give them total control over your life.
They also encourage that you bring in your family and friends to the business. That is some cult-like behavior, if you ask me.
Is Wikaniko a Pyramid Scheme?
Since Wikaniko members earn money both by selling services and recruiting new members, then it is safe to say that Wikaniko is not a pyramid scheme.
However, since Wikaniko 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 Wikaniko look like a pyramid scheme in disguise, doesn’t it?
Like Zurvita, Ann Summers, and HealX Nutrition, Wikaniko is not a pyramid scheme.
Is Wikaniko a Scam?
No, Wikaniko is not a scam.
However, if you think this is enough for you to jump in Wikaniko’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.
First off, we have the source that is currently staring you at the face. Yes, this Wikaniko review is the best source you can find about this MLM in the internet. Well, I am sure that other websites also reviewed this MLM before. After all, third-party reviews are all unbiased and impartial, making them the best sources available for those doing research.
How are they unbiased and impartial, you ask? Well, simple. These reviews are all written and published by entities with no connections of any form to MLMs. This means that the information they share are not in any way skewed in the company’s favor.
This means that these reviews do not hold back on the information they publish. No matter what information they find, as long as it is fact-checked and verified as the truth, it will be published. This means that third-party reviews are credible.
Another good source to look at are online forums. Most online forums I have stumbled upon are quite active, with members that are up to the thousands. These forums open discussion threads where people can talk about MLMs and share their research findings to other members.
Their goal is to spread the truth about these scummy MLM companies. If you have any specific concerns, I suggest looking at forums for the answers. You can also discuss them with people who are more than willing to help you out.
How to Make Money from Wikaniko
Since Wikaniko is an MLM, there are only two ways to make money with the company. and these are:
- Selling products
- Recruiting members
If you are wondering if it is possible to make money other than the means I stated above, then the answer is yes, you can. Actually, most MLMs offer a variety of bonuses that enable to members to boost their income, regardless of the amount of effort they need to exert.
Well, the problem is that most of these bonuses are locked behind having to form a downline. Let me warn you right now that you cannot really flourish in an MLM if you have no plans to recruit anybody into the business.
What is a downline, you ask? Well, let me explain what it is now, because this term will come up many times in the review. A downline is a group of people that have directly signed up under you. These people are the ones whom you personally recruited.
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?
Looks like we found another company that does not publish an income disclosure statement. Yes, that’s right. Wikaniko is another company who does not seem to want to share the data for the earnings made for their members.
Take note that MLMs are not really obligated to share this information, but it is just the right thing to do, considering how negative the public reception to MLMs are. For a business which focuses on the sales made by their members, they surely are not doing themselves a favor by hiding such vital information from people willing to sign up.
Yes, this company may be selling eco-friendly products, but they still need to be transparent to people. They need to prove that it is worth joining Wikaniko not only because of the products, but also because of the money you can make here.
Since we have no data to back up their claims that you can make a lot of money in this company, I suggest that you take that with a grain of salt. Remember that the data never lies.
Things I Like in Wikaniko
Reasonable Prices
Well, this is one thing that I could commend Wikaniko for. Most of the MLMs I have reviewed sell products for inflated prices, despite of how the quality is. Most of the time, MLM products are just cheap imitations of products already in the market, only with a ridiculous price tag.
Great Reputation
I rarely come across companies that are not involved with any kind of legal trouble. It looks like Wikaniko is doing its job right of selling eco-friendly products. I guess this is also a good selling point, considering how badly people think about MLMs.
Eco-Friendly Products
This is Wikaniko’s main selling point. Not only are the products reasonably priced, but they are also eco-friendly. You are not only doing yourself a favor by not paying a high price for eco-friendly products, but you are also helping with saving the planet. It feels quite rewarding, in a way.
Wide Range of Products
It seems like Wikaniko has everything you are looking for in an eco-friendly brand. This means that Wikaniko is a lot more easier to promote to families, considering how each family member have specific needs from specific niches. With that said, I guess we can call Wikaniko a onep-stop shop for eco-friendly goods.
Things I Dislike in Wikaniko
Recruit, Recruit, Recruit
Even if Wikaniko does not really force people to recruit members as much as other MLMs do, it seems like their compensation plan is largely focused on the recruitment aspect than the selling aspect. I guess this just beats the purpose of advertising as a financial opportunity.
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.
Wikaniko Compensation Plan
Here are the ways with which you can make money in Wikaniko.
- Direct Sales. You can buy Wikaniko products on a wholesale price and sell them for retail price, which gives you profit. You have the potential to earn 33% to 45% commission from every product you get to sell.
- Recruiting. You earn commissions from the sales made by the people you recruited, and up to 8 levels of your downline.
This video can help explain the compensation plan a lot easier.
https://youtu.be/WqLC4qZQ6f4
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 – Wikaniko
Before I end this Wikaniko review, I would like to share a few more insights that could help you.
Congratulations on reaching the end of this Wikaniko review. Not only were you able to learn about the company, but you also learned quite a lot about MLMs as well. Now that you are equipped with that knowledge, I figured that you should go ahead and share it to other people who might need it.
I am sure that you may be feeling quite let down, especially because you are looking forward to an opportunity where you can finally get to choose your own hours. Not only that, but I am sure that you are feeling like the opportunity to quite your corporate job just slipped away from you.
Well, no need to fret, as I know a better way for you to make money. It does not require you to do any recruiting, too. Feel free to read about it in the next section.
That’s it for my Wikaniko review. Hopefully this Wikaniko review helps with your decision.
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