Welcome to my "Is Bonvera A Scam?" review!
Let me guess, you just discovered Bonvera and you were given hope that you can finally earn money from home with it!
Well, I suggest that you read this Bonvera review first so that you will know that you are making the right decision!
Is it legit and will you actually have a source of income with this company? Or is Bonvera a scam and you need to look for another opportunity?
Here are the answers that you ought to know.
Bonvera Review Quick Summary
Name: Bonvera
Website: https://bonverahq.com/
CEO: Robert Dickie III
Type: Health and Wellness Multi-level Marketing company
Price: $150 (subscription fee), $125 - $225 (starter kit), $137 monthly
Rating: 1/5
Recommended? No
More...
What is Bonvera?
Let's begin with a brief background information, shall we? Bonvera is a multi-level marketing company that revolves around health and wellness products.
It was founded by a group of businessmen and its CEO, a former United States Air Force Captain, Robert Dickie III back in 2016. Bonvera means "Good Faith". The company's aim is to provide the essential products for people to improve their health and wellness.
Robert also served as the CEO for other companies since he left the U.S. Air Force, including:
- Crown Financial Ministries
- KVC
- Signature Management Team
Before Bonvera, Robert did not even have any MLM exposure. However, when he started the MLM company, Robert relocated the company in Knoxville, Tennessee and helped over 20,000 people!
Apart from providing products, Bonvera also has a business opportunity for you. Read on to learn more about this!
Bonvera Products
Bonvera offers a wide range of products under the categories: skincare, coffee, nutritional and wellness supplements, weight loss supplements.
Moreover, it has different and unique brands, as you can see above. You can check them out in Bonvera's marketplace website here.
Even though Bonvera offers a variety of products, there is no changing the fact that it is still on the health and wellness niche, which is very common in the MLM industries. This means that the products are similar to other MLM products including:
However, what makes Bonvera quite unique is its flagship product, Kutano, which costs around $37. It is a health supplement that will improve an individual's mental health through being more focused on tasks.
It claims to make its user more productive. Each bottle of Kutano has 60 capsules.
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How does Bonvera work?
Bonvera is an MLM company, which means that it follows the business model with the same name. Basically, Bonvera provides its health and wellness products to its clients.
Moreover, they also have an opportunity for you to earn money with them just by selling and recruiting people.
It is a win-win situation since Bonvera will make sales for each time you sell its products. You on the other hand, will get compensated!
Can you earn money with Bonvera?
Of course you can earn money with MLM companies. However, the concern here is the fact that you will not be earning a decent income, considering all of the expenses you will be making.
In fact, research has proved that between 72.5% and 99.9% of MLM representatives lose money instead of earning.
You will find out more about this later on.
How to make money with Bonvera?
There are two main ways for you to earn money with Bonvera, since it is an MLM company.
- Sell Bonvera products
- Recruit people to become part of the Bonvera MLM representatives and you earn from their sales
It is very important to know that you will not be compensated by just recruiting people since that is called a pyramid scheme, which is illegal.
In MLMs, you can only earn money through your recruits' sales.
How to join Bonvera?
If you have already decided to join Bonvera, at your own risk, you need to pay $150 for a subscription fee. Afterwards, you will need to purchase a starter kit or a package.
There are two options that you can choose from:
- Starter Pack which costs $125. You will also need to maintain 75 PV monthly to stay active
- Pro Pack which costs $225 and needs to maintain a monthly PV of 137 to remain active
Each of these packs will give you various products that you can use personally, or sell. However, both of them have a monthly PV to maintain. What is it?
Bonvera Monthly Cost
Most MLMs have a PV or Personal Volume monthly requirement for their representatives to maintain to be active. Being active will make them eligible for earning commissions and bonuses.
Both packs have their own PV, right? 75 PV is equivalent to $75, same thing with the 137. This means that you must at least make sales of at least $75 or $137 per month. If you can't, you will be forced to buy the products for yourself!
With that, it means that you will have additional expenses. If we add them up, your expenses for your first year are...
- $150 for subscription fee
- $125 - $225
- $137 for 12 months
Minimum cost of your expenses - $1,919 to $2,019. That's right, it is still the minimum because it does not included other factors like the training, marketing tools etc.
Bonvera Compensation Plan
I noticed that most MLMs have confusing compensation plans that is difficult to understand for their representatives.
So let me do my best to simplify this. As a Bonvera seller or representative, you will have 4 ways of earning.
- Retail Commissions - For every product you sell, you will earn between 4% to 28% commission, depending on your position and level.
- Differential Bonus - When you have recruited people and created your downline, you will be earning 8% to 28% from their total sales in a month. Again, this will depend on your rank and level.
- Autoship Bonus - Every time that your new recruits make their first ever sale, you will earn a $25 bonus.
- Registered Customer Bonus - You can earn a 50% bonus from your total sales you have made on your first month.
If ever you are still confused, it is completely fine. I can't blame you. MLMs tend to make their compensation plans confusing and use fancy words. You did notice it, right?
It is because they want to convince the people that they have a lot of ways to get compensated. When in truth, there are just two ways: sell products and recruit people.
You can check out their full compensation plan here or you can also watch the video below.
Bonvera Pros
#1 Its products have positive reviews
Although it is not rare to have health and wellness products, Bonvera's products still received positive reviews from clients.
This gives the representatives a chance to sell more products since Bonvera is selling something that has good ratings and reviews.
Bonvera Cons
#1 Not enough information
Bonvera has a lack of transparency and information. Most MLMs provide Income Disclosure Statements to reveal how much their representatives make monthly or yearly.
However, Bonvera does not have one! So how can you be sure that you will be earning a good income with them?
#2 Expensive products
Although the products are good, there is not denying that they are expensive compared to its alternatives.
This is actually a strategy that most MLMs practice. Their products are more expensive than similar products. In this way, representatives will have a much more difficult selling.
Customers tend to choose the cheaper alternatives. That is why, representatives are forced to pay for the products themselves to remain active. With this, we can say that the representatives make up most of the number of clients that MLMs have.
#3 Hidden costs
Remember the monthly PV that you have to maintain? Well, when you will be recruited, this will not even be revealed.
You will only find out once you have already joined. Depending on your starter pack, you will be paying additional expenses monthly.
#4 Losing its momentum
Bonvera is already losing its momentum. Meaning, people are less interested in buying their products.
It is because, newer MLM companies have caught their attention. If you are a Bonvera representative, you will have a harder time selling their products because you can't find much people who are interested.
#5 Pyramid scheme in disguise
There are red flags that can say that Bonvera is a pyramid scheme in disguise. Pyramid schemes are illegal businesses wherein the only way to earn money is to recruit people. No products are involved.
Sounds easier but it is nearly impossible to earn money. Pyramid schemes are immediately taken down when exposed. However, some MLMs tend to practice methods that will make them look less like a pyramid scheme.
One thing are the expensive products. And second are the monthly PV. Since representatives are forced to pay for the products, they will resort to recruiting people to have a decent income and get back on track from the expenses they made.
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Is Bonvera a scam?
Let's conclude this Bonvera review with the answer to your question, "Is Bonvera a scam?". No it is not a scam since it is a legit MLM company with legit products. Furthermore, it does pay you money just like it promised.
However, its products are too overpriced. Not only the customers have a problem with that, but also the representatives since they will be paying too. Moreover, knowing that it is an MLM, the potential income is just low.
If you believe in your selling and recruiting skills, then maybe you have a chance. But personally, I would not recommend it to you. There is a much better way for you to earn money from home. You can check it out below.
Thank you so much for readig my "Is Bonvera A Scam?" review! If you have any comments or questions, feel free to leave them below in the comments section!
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