Did you know that the health and wellness industry is projected to reach a value of $4.24 billion by 2026? We're always going to need to keep our bodies in good shape, so it's clear that this market is here to stay. If you're not already working in this industry, then perhaps it's time to consider a career change!
One way how people are getting into the health and wellness market is through multilevel marketing (MLM) companies, such as Neways.
What is Neways and can you also get in on this lucrative industry by joining this MLM company? Read on for a thorough Neways review.
What Is Neways?
Neways actually first started off as Images and Attitudes in 1987 by owners Thomas and Leslie Mower. They only became Neways in 1992 and as of 2015, this company actually has the name of Modere.
This company offers safe and eco-friendly personal care products, which many consumers seek out. Mainly, there are 4 types of products Modere offers:
- Collagen supplements
- Food supplements (such as vitamins)
- Personal care products
- Home care products
One of their most popular products is a bundle called M3 Body System. It focuses on weight loss and provides users with supplements that help you burn more calories, suppress your appetite, and improve digestion.
How Does Modere Work?
Neways is no different from any other MLM company. Their business model has 2 parts: direct selling of products and creating downlines (the MLM part).
Their distributors can choose to sell the above products to consumers. Or they can choose to recruit others to become distributors too.
When it comes to MLMs, what makes Neways unique is their use of social retail. In fact, some say they're the first MLM company to use this concept in their business strategy.
What is social retail though? This is where distributors (and clients at times) are given rewards when they share their personal product experiences on social media. Neways rewards for social retail include both cash and reward points.
Is Modere a Scam?
Modere is not a scam. While many don't agree with the business practices of MLM companies, they're completely legal.
However, keep in mind that this company has gone through several rebrands. This is never a good sign, as it means that previous brand names were so tainted they had to start all over with new ones.
In fact, one of Neways's weight loss products was recalled by the FDA in 1993 since it had harmful ingredients. Also, in 2003, Neways tried to sell an anti-aging dietary supplement that had human growth hormone (HGH), which was illegal since HGH is prescription-only. The Mowers were also convicted of tax evasion in 2006.
As of the rebranding in 2015 to Modere, there hasn't been any scandals associated with this name. However, we'd still be careful.
How to Join Modere
To join Modere, you have to become a Social Marketer. This means paying $29.95 to buy their distributor kit.
The above is just the bare minimum to join Modere. If you're more serious about distributing on a full-time basis, there are also the Builder Collection Packages, which cost $399 each. The 4 packages are Pro Fitness, Pro Collagen, Pro Skin Care, and Ultimate Pro.
How to Make Money Through Modere
One way of earning money through Modere is by directly selling their products. However, this takes a lot of effort and the payoff is alright.
The main way that people make money through Modere (and any MLM) is through recruiting. This generates a stream of passive income with relatively little effort.
Modere has several compensation plans available for its distributors. The first is the customer acquisition bonus, where you can get up to 60% per customer on their first orders, as well as up to 25% for re-orders.
The exact percentage depends on how high up you are in the ranks. You start off as a Promoter, then move onto Bronze, Silver, Gold, Platinum, then Platinum 1, 2, and 3.
In addition, you can earn various bonuses and incentives. They include free products and even trips!
Do People Make Money From Modere?
Yes, people make money from Modere.
But the real questions should be these: how much do they make? And how many people actually turn a profit?
If you take a look at Modere's income disclosure statement (which is very similar to all other MLMs), around 63% of Modere distributors earn $200 or less. Just 2.38% of distributors make over $10,000, 1.19% make over $20,000, and just 0.23% people make over $50,000. As you can see, very few people can turn a good profit from Modere.
The only real way to make money from Neways and any MLM company is to have extensive experience in networking and sales. And as you can tell by the statistics, the people good at these things are far and few.
The truth is, you need to start early in marketing to really get anywhere with MLMs companies. Otherwise, you'll be spending a good deal of time trying to figure out how to market products and failing in the process. To be a top MLM earner, you must be adept at reaching large audiences.
Try Out Affiliate Marketing Instead of an MLM Company
After reading up about Modere (or Neways), it should be clear that joining an MLM company is a high-risk decision that comes with very low-value rewards. For most people, becoming a distributor isn't worth their time, especially since they end up losing money.
In order for you to develop your skills, you should consider taking a free or paid marketing course. There are a variety of digital marketing courses you can take from businesses that can help you enhance your skills. As of writing this, over 80,000 new marketers have taken the Online Business Builder Challenge (only $7), and that might be a good starting place for you as well.
