Remember those coupon books people used to shell out $20 for in the 90s?
Paying for discounts is kinda like eating more to lose weight, but hey, people seem to like it.
And Team National is one of the leading membership discount MLMs in the world. They’ve been around since 1997, and by ’99 they were already doing $8 million in sales…which skyrocketed to $70 million by 2004.
Does this mean I’m involved?
This video explains everything:
Make sense? Either way, here’s the full review on Team National.
Overview
In 2015, the company reached a grand slam total of $548 million in sales. Pretty impressive. They’ve shown consistent and sustainable growth over a long period of time, which is important (and rare) in MLM. [1]
Dick Loehr is their founder, and a serious serial entrepreneur who has started and run literally dozens of successful companies.
He actually started his career as a race car driver, which is badass. He went on to own and run a series of successful car dealerships, including one that became one of the largest in Kalamazoo, MI, employing hundreds and generating millions for the auto industry.
He then went on to own and run 9 restaurants in South Florida. [2]
Finally, he developed Team National and, with his years of experience, helped it rise to the top. They’re now ranked 36 on Direct Selling News’s list of top 100 MLMs of 2016. [3]
They’ve even partnered up with the U.S. Chamber of Commerce, which is pretty legit considering how often the government likes to crack down on MLM.
Even their Glassdoor ratings are positive, which is rare for any company. They’ve got 4.5 out of 5 stars, and 100% of employees who rated them would recommend them to a friend.
Although, of course they’d recommend them to a friend, because then they’d get paid…
Ha, anyway, here’s some info on their products and compensation.
Products
So, one major fault in this company is their lack of transparency. You actually can’t get much of any information on their products and services without speaking directly to a Consultant – I guess they really want to sell it to you live.
There’s literally nothing on their website about their products and services other than this tiny paragraph:
“Our product is a membership savings program. Our members use what they want, when they want. It is vast in its savings and of course, is never out of style. Saving money is not a fad. Individuals, families and businesses are always looking for ways to save money.”
It’s all about their business opportunity.
They sell discount memberships, that much is obvious.
These memberships span a huge variety of industries, too, from financial services to rental cars and travel to furniture to communication services. They’ve got a standard and a premium membership.
Just what these memberships entail, in terms of both price and savings, is nowhere to be found. My guess is that means they’re not the greatest – they’re clearly placing all their value on the business opportunity and none on their product.
Opportunity
They work on a binary compensation plan with left and right legs.
You have to lock down two sales to qualify for bonuses, and you have to get two sales every 12 months to remain qualified. That’s not bad compared to monthly minimums.
A standard membership sale is worth 1 points and a premium membership is worth 3.
If you do stay bonus qualified, you get $500 every time you hit 5 points in a pay point on both your left and right leg. When you hit 10 and 10, you get an additional $1,000 bonus.
If you build a team, you’re known as your team’s “host”, and you get a “hosting bonus” of $1,000 when one of your direct recruits reaches a 10 and 10 paypoint.
There are a handful of other bonuses.
Then there’s, of course, compensation through your own sales. You make these sales through the Big N Marketplace, and to participate, you must have your own company website, which will cost you ($7/month).
Basically the Big N Marketplace is a collection of stores where your customers can buy all sorts of things at a discount. But if they buy it under your domain, you get commission ranging from 0-35%.
Wait…0-35%?
Yeah…a big, vague range. The commission you get on any given purchase depends on the store you’re buying it from. But you’ll know, at least, that you’re making anywhere from what’s basically average (35%) to absolutely nothing. Cool.
Recap
So, the company knows how to grow and stick around.
But their product is super vague and the company can’t even state its really value.
And their compensation plan is way too confusing and vague. It’s really hard to get any kind of idea of what kind of money you’d actually be making…which probably means not much.
Based on their income earnings disclosure for 2015, it is exactly that. 82% are making less than $225 (most probably made nothing).
However, over .2% are Platinum levels and making, on average, around $70,000, and .1% are Double Platinum and making, on average, about $235,000. That’s actually pretty good for MLM, believe it or not.
—
As I’ve shown throughout this review, far from a Team National hater. But it’s still MLM, and MLMs are known for getting hot and then falling off the grid a few years later.
If you like automated ways to build passive income, there are better ways.
(and you can trash those old MLM habits, too)
via http://mlmcompanies.org/team-national/
No comments:
Post a Comment