Is Bonvera a scam/pyramid scheme or is it a legit company?
In this day and age, this is a very legitimate question. There are a few things to think about with this question:
- What is a pyramid scheme?
- What associations does the company have that demonstrate credibility?
First, let’s dive into what the FTC says about pyramid schemes,
“Some people confuse pyramid and Ponzi schemes with legitimate multilevel marketing. Multilevel marketing programs are known as MLM’s, and unlike pyramid or Ponzi schemes, MLM’s have a real product to sell. More importantly, MLM’s actually sell their product to members of the general public, without requiring these consumers to pay anything extra or to join the MLM system. MLM’s may pay commissions to a long string of distributors, but these commission are paid for real retail sales, not for new recruits.”
Bonvera, while being quite a bit different than normal MLM’s, definitely sells real products to the general public without requiring these consumers to pay anything extra or to join the MLM system.
Second, let’s discuss Bonvera’s associations with other companies, as this directly connects to the FTC quote above. One major thing that separates Bonvera from most other companies is that the majority of the products they sell are manufactured by large companies like Proctor and Gamble and SC Johnson and are sold in competing outlets like Walmart and Target. Bonvera has proprietary distribution deals with these large companies and many other medium and small companies. This is important because not only did these companies do their due diligence, but it also demonstrates that Bonvera sells “real products” that people are already buying.
What should you ponder on the question about the legitimacy of Bonvera? Simply this: do you think multi-billion dollar companies like Proctor and Gamble did their due diligence on Bonvera before striking a deal?
is Network marketing / mlm a good way to make additional income?
This is a great question. Let’s look at some overall industry statistics and comparisons then see what some very successful, well-known, business leaders have to say.
Check out the yearly revenue of these various industries and how network marketing compares:
- The National Football League (NFL): $9.5 Billion
- Music industry: $16.4 Billion
- Video game industry: $67 Billion
- Movie industry: $80 Billion
- Network marketing / MLM: $167 Billion
As you can see, network marketing isn’t a small time deal. It’s a huge industry. Here’s the most shocking part – roughly half of that $167 billion in annual revenue is paid out to the people participating in the profession. Do you believe that if that much is getting paid out to people participating in the profession that you’d be able to collect some of it (with a little bit of time and hard work)?
Here’s what a few successful business leaders have to say about network marketing:
“You strengthen our country and our economy, not just by striving for your own success, but by offering the opportunity to others. Your industry gives people a chance, after all, to make the most of their own lives. And to me, that’s the heart of the American dream.” – Bill Clinton while addressing a crowd of network marketing professionals.
“I think network marketing has come of age. It’s become undeniable that it’s a viable way to entrepreneurship and independence for millions of people.” – Stephen Covey
“It was the best investment I ever made.” – Warren Buffet after purchasing a network marketing company.
“Network marketing gives people the opportunity with very low risk and very low financial commitment, to build their own income-generating asset, and acquire great wealth.” – Robert Kiyosaki, best-selling business author of all time
“If I were starting over today, I would make millions in the network marketing industry” – Donald Trump
“Network marketing has produced more millionaires than any other industry in the world.” – Les Brown
“Network marketing is really the greatest source of grass root capitalism, because it teaches people how to take a small bit of capital, that is your time, and build the American Dream.” – Jim Rohn
“Network marketing has been nothing but good for everyone I know that’s involved with it, because they did it seriously. They played full out and they have been very successful. It’s a constant barrage of success stories. I would always get involved – you can always test drive anything, the product, the service, the community. And then lean in to it a bit, and if it feels good, lean into it a lot.” – Jack Canfield