In 2018, the skincare industry was valued at over $134 billion, with a projected CAGR of 4.4% from 2019 to 2025. When you consider the fact that everyone wants the secret to retaining their youthful look, it should come as no surprise that this industry is so successful.
You might've been searching for your own elixirs when you came across the company Neora. Not only do they seem to have some great skincare products, but it looks like you can even make some money selling these fantastic products to others!
Does it seem too good to be true? Is Neora a scam? Or can you actually make money and enjoy some excellent skincare products as well?
Read on to find out!
What Is Neora?
Neora is actually a company that's formerly known as Nerium International, which was founded in 2011 by Jeff Olson. They're based in Addison, TX and renamed their company to Neora in January 2019.
Previously, Nerium International sold products that had the main ingredient of Nerium oleandrin. But once they shifted their focus away from that ingredient, they felt it was appropriate to change the company name.
Neora's made quite the impression in the skincare industry. While they're based in Texas, they've expanded their business across the globe to reach countries like Mexico, Hong Kong, South Korea, and Australia. You can also find their products in countries like Canada, Germany, Austria, New Zealand, and Singapore.
This company sells mainly anti-aging skincare products, which as you might've already guessed, is popular with all demographics in the world. They also have some other wellness products, such as nutritional supplements and hair care products. Everything they sell is to help you keep your skin looking youthful and smooth.
Neora isn't just a company that sells products though. They're considered a multilevel marketing (MLM) company. This means you can either sell their products as a distributor (or Active Brand Partner) or you can recruit others to do the same.
Is Neora a Scam?
As we've mentioned earlier, Neora is an MLM company. Many people liken this to a pyramid scheme, especially since you have to build a downline.
But Neora isn't technically a scam. This is because it is theoretically possible to make money off of the company through either selling their products or recruiting other people.
However, we would be wary of joining Neora simply because they've rebranded. Typically, companies rebrand because their old name often has a bad reputation.
The Federal Trade Commission (FTC) has also sued Neora in 2019 because they alleged that the company is an illegal pyramid scheme.
How to Join Neora
If you still feel like you'd like to give Neora a try, then you might be wondering how you can join.
First, you need to pay a start-up fee of anywhere between $49.95 to $1,000.
Of course, after you join, you need to have products to sell to people. For this, you have a choice between 4 starter packs:
Basic Starter Kit: $49.95
Starter Pack: $500
Builder Pack: $750
Premium Builder Pack: $1,000
Once you've joined, you need to maintain an “active” status. You can do this by maintaining 120 to 400 PQV (personal qualifying volume) by selling to customers or by maintaining 80 to 150 PQV in personal product ADV (auto-delivery volume). The latter is done through the Auto-Delivery Order (ADO) program.
If you don't maintain an active status, then you're not eligible to make any money off of Neora.
How to Make Money With Neora
The way to make money with Neora is the same with any MLM. You have 2 choices.
The first is selling Neora products for the company as an Active Brand Partner. Depending on how much you buy the products for wholesale and how much you sell them retail, you can earn anywhere between 10% to 20% in commissions.
While getting customers, you can also earn some extra cash by getting them signed onto the ADO program. This can get you $16 to $60 a week per auto-delivery order.
The other way is to build your downline. You can earn between 10% to 25% in commissions if your downline team maintains over 200 PV every month.
But both methods don't pay out equally. To make some decent money with Neora, you need to focus on building your downline instead of selling products directly to consumers. Not only will recruiting gain you a sizable income, but you won't have to spend as much effort making it either.
Do People Make Money off Neora?
Neora themselves have released income disclosure statements (IDSs) that state how much their Active Brand Partners make.
In 2019, they had almost 40,000 Active Brand Partners in the US. Only 30.6% of them earned cash commissions and the average annual gross cash earnings of these was $1,054. As you can see, that's not very much money for a whole year.
The fact is, over 90% of people don't make any money with MLMs. In fact, lots end up in the red instead of green. And this is because they don't have the right marketing skills to get in front of the widest audience possible.
To be successful at Neora or any other MLM, you have to be a marketer with plenty of knowledge and experience. And chances are, you aren't.
Try Your Hand at Affiliate Marketing Instead
After reading this article, you might not think that Neora is the right fit for you. Many people don't, so you're not alone.
But that doesn't mean all hope is lost for you to be successful at having an online business. It just means you need to look toward a different opportunity, and that's affiliate marketing.
Affiliate marketing takes a lot less of an investment on your part and can ultimately have a bigger payoff in the long run.
So if you're interested in getting started on affiliate marketing, check out this video. We'll help you get started on a profitable online business to earn some great commissions!