It seems that everyone is looking to make money with a home-based business these days. There are a zillion businesses offering a chance for you to join and make money. But are they for real? For this specific company, I would like to present what they have to offer and have you judge if this is for you. Check out my Monat MLM Review to determine if it’s right for you or not.
- 1 Monat MLM Review
- 2 Profiting from MLM is Hard!
Monat MLM Review
What is Monat MLM?
Modern Nature is what Monat stands for. Monat is a multi-level marketing company home-based in Doral Florida that sells wellness and beauty products. Monat was founded in 2014 by Luis Urdaneta and his claim is they are the top hair and cosmetic company and has science that backs it up.
The central focus is that Monat has the answers to many common issues such as hair loss. This MLM company recruits reps to sell their hair care products to people and they can earn income as a result.
While being based in Doral, Florida, Monat has now branched out and covers the entire United States, Europe, and Canada as well. They began with positive news about the company when they first was launched. But as of late, that is certainly not the case.
Are Monat’s Products Worth Your Hard Earned Money?
Monat knows that to be successful they must provide quality products that should be exceptional enough for buyers to be happy and reorder more of the same. This just makes perfect sense. This should be the goal of the company and while this may have been the case when Monat first started out, it is not the case as of late because of bad publicity. The consumer is going to be very hesitant about purchasing because of this bad publicity.
Let’s check out this chart below:
As you can see there have been quite a bit of complaints in the past year about Monat (571) and there were quite a number of lawsuits as well. You can check out the list of Monat class action suits by clicking here. The complaints ranged from severe allergic reactions of the scalp, hair loss from using their products, and itching and burning as well.
Watch this Video About Actions Against Monat Hair Care
An Opportunity at Monat MLM
Is Monat a legitimate company that you can make money from? It’s an opportunity yes. There are videos that present this opportunity. It claims to have the best compensation plan, but don’t all MLM companies claim this? Of course they do!
They sell hair care products. They promise you the world. You can buy their products exclusively from Monat. But this isn’t the case.There is no proof that you can create income and become wealthy. In fact, if you search the internet you will find that you can actually purchase Monat’s products elsewhere and even cheaper than on their website. Then why wouldn’t your potential customers do the exact same thing?
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Here’s a few products that are rather expensive:
Monat is just a duplicate of every other MLM company out there. Their claim of products just available from their market partner representatives is just not true. They are on the expensive side as well. Click here for a list of more products so that you can see for yourself.
I did my homework and you can too. But the fact is that in my search, I find Monat products that are for sale on other sites for a cost that is less than what Monat’s market partners get as a subscription price! How’s that make you feel? Ouch!
What’s the Price Tag to Join Monat?
In order to begin earning commissions from selling your products, you must purchase a product pack ( minimum $99) and in addition to that you are required to pay a $49 yearly fee to become a “market partner.” This is the only way you will earn commissions from your sales.
There are several tiers available that you could sign up for as a Market Partner at Monat. This will give you a more detailed explanation of how commissions are earned.
You have to have a plan when beginning a business and your business costs are most important especially before you dive in. If you don’t make a financial plan as far as spending, you could be dead in the water before you even get started.
Is Monat a Money Maker?
There are a few ways to possibly make money with Monat. Whether you make money or not will be entirely up to you and how hard you work at it. So let’s give a look:
Monat pays up to 40% commissions on products you personally sell. How much money you earn from each individual sale depends on whether or not you are selling to a VIP customer or retailer.
Selling to Retail Customers
Monat pays out 30% commissions on retail product orders and includes anyone buying through your website.
In addition, you can earn an added bonus commission based on how much you sell:
- 1,000 to 1,999 PV qualifies you for an extra 3% commission (33% total)
- 2,000 to 3,499 PV qualifies you for an extra 5% commission (35% total)
- 3,500 PV or more qualifies you for an extra 10% commission (40% total)
PV ( Personal Volume) and a set amount of PV is associated with each product package and each product.
Uni-level Downline Commissions
So here is where MLM begins. It’s all about recruiting others to come into Monat and become members, sell products, and recruit others into the system as MLM companies do.
The easiest way to show the compensation plan is by clicking here.
Selling to VIP Customers
VIP customers are ones who pay a fee of $19.99 & also agree to buy a minimum of three “flexship” orders ( these orders cost $84 or even more each). The benefit you receive is free shipping on qualifying orders, 15% off retail pricing, & some additional free products.
VIP customers are bit different though. The “catch” here is that your commissions here are only 15% and not 30%.
You receive another $60 as a bonus when you refer 4 or more VIP customers in any calendar month. This is an unlimited “perk.”
The chart below presents 5 different ways for you to earn income:
- MLM “New kid on the block” Company – The fact is that the newer the company, the better chance of signing up more recruits. There’s a better chance of being successful.
- Not a pyramid scheme
- Monat has received a few awards
- Expanding and growing at a fast pace – This company has grown to not only cover Canada and the United States, but also Europe as well.
- Products that of poor quality and overpriced
- Multiple Class Action Lawsuits – You can check out the list in the link below the complaint charts above
- Surplus of negative reviews
- You can purchase Monat products elsewhere online cheaper
- Complaints from Market Partners – Most complaints come from people who concluded that this what not a business that they could succeed at and had a difficult time getting through to support to cancel their memberships
- Extensive waiting periods for refunds
- Countless complaints from consumers – There are a great deal of of complaints on websites such as the Better Business Bureau about the use of Monat products.
Is Monat Legitimate & Worth Joining?
The main issue I always had with MLM companies is that because they are an MLM company, their top goal is recruiting and not selling products. I just don’t think this MLM company is worth your time, effort, and money.
Compensation means nothing if you aren’t recruiting and selling anyone or anything. And on top of that there’s a ton of competition where the other Monat signups are going after the same thing as you are. I would only think about joining if I was a customer, possibly.
In my Monet MLM Review, I covered the basics for you and my opinion is that it’s just not a company that is worth pursuing because the time, effort, and money is not worth the investment. MLM will always be about recruiting people and not about selling products. There are much better ways to make money online.
There’s really only one way to legitimately make money online and this is my top recommendation for making money online and building a very successful internet business. Here you will receive the absolute best training anywhere, top notch support, numerous websites, and access to chat where fellow members are there 24/7 to help.