You may have come across companies such as Morninda Inc when searching for ways to attain financial freedom.
There are many multi-level marketing (MLM) companies that offer the chance to make large sums of money selling their products. However, this is not an affiliate marketing opportunity, and the structure works in a different manner.
In order to decide if partnering with Morinda Inc is the right choice for you, read on for our detailed review.
What Is Morinda Inc?
Morinda Inc is another company competing in the crowded health and wellness market. The business began selling its products in 1996, and it is a positive sign that they are still trading 25 years later.
The Chief Executive Officer (CEO) is Brent Willis, and he has extensive experience building and leading multi-billion dollar companies. He has even held crucial positions in businesses such as Coca-Cola and Kraft Heinz.
What's more, the company is a member of the Direct Selling Association, which helps businesses maintain ethical business practices.
Because Independent Product Consultants (IPCs) can make money by selling products to consumers, this means they are not operating a scam known as a pyramid scheme.
Pyramid schemes only allow associates to make money when they recruit more people. This is not legal, and you should avoid any business that operates using this structure.
Morinda Inc claims to have helped over 300 IPCs to become millionaires, a statement that is likely to inspire many people to invest in their products.
But, it's important to delve deeper to find out if it's possible for the majority of IPCs to make money.
How to Make Money with Morinda Inc
Morinda Inc sells a range of products based on the potential health benefits of a Tahitian fruit called Noni. The company claims this superfruit can aid aspects such as heart health, immunity, better sleep, and energy and focus.
They also state these claims are backed by science and advise they have been studying the fruit for over 20 years. They further support their claims by having published their research in over 300 peer-reviewed articles.
There is no doubt this could give many consumers peace of mind before they make a purchase. These are all selling points that IPCs can use to appeal to a wide range of potential buyers.
However, does this mean you can make money with this MLM company?
The first thing to consider is that you need to buy stock upfront from Mornida Inc before you can begin to make sales. The cost of packages is between $299-$365.
But, the company states that each package includes $955 of builder bonuses to help you grow your business. There is also a 90-day money-back guarantee if you follow their system and don't achieve your intended results.
While this might seem a good deal, you still need to find a market for these products to avoid losing money.
This is not always straightforward, and friends and family are often the first port of call.
You may find people you know will buy a small number of products to help you get started. But they probably won't become clients you can depend on for months or years.
It can also be challenging to find a steady market with new customers to replace clients that may leave. This is why MLM companies offer associates the opportunity to make money by recruiting other IPCs.
When one of these recruits makes a sale, the original IPC receives a percentage of the profit. This creates a pipeline of potential income, which can be an easier way to make money than selling products directly.
Potential Issues to Consider
While there is a legitimate method to make money with Morinda Inc, you may find it is extremely challenging. MLM companies do not have a good reputation as some people consider them to have a dubious sales structure.
While this may be unfair, there are other issues that may impact your sales figures. If you attempt direct selling to consumers, this can become time-consuming and expensive.
However, if you opt to make money from your recruits, this can also be problematic. Unfortunately, many people choose to enter the market thinking it is a get rich quick scheme.
When they realize this is not the case, they can quickly lose interest and leave. This can be frustrating if you have spent time trying to help them become successful.
However, rather than using this business model, you can earn money using a more effective strategy.
What Is the Affiliate Marketing Opportunity?
Affiliate Marketing involves making money from advertising someone else's products. Then, when they make a sale, you get a cut of the profits.
This is not the same as working for an MLM company because you don't need to purchase any stock upfront. This means you could potentially begin to make money without any initial expenditure.
You can also choose to work with brands that sell products or services that fit with your values. Many companies offer generous commissions, and you can sell high-ticket items that make substantial amounts of income.
However, affiliate marketing is a skill, and you can spend time and money investing in the wrong methods if you don't understand the processes.
When you use a winning formula, it's possible to create a residual income source so you can make money while you sleep.
One way to increase your chances of success is to work with experts who know how to create affiliate marketing income.
Partner with Legendary Marketer
The affiliate marketing opportunity is an excellent strategy to begin your online business journey. While short-term results are possible, this is also a long-term process. It takes hard work and determination.
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.
