How To Become A Ring Bomb Consultant
Take you seen the Facebook lives? The ones where the rings are in bathroom bombs and they're dissolved to reveal someone's ring that they ordered? This company is chosen Band Bomb Party.
You may be wondering, is Ring Bomb Political party a multi-level marketing (MLM) company? Is information technology legitimate? Can you make money doing this? How much does it price to be a Band Bomb Party consultant?
I'thou going to help you answer all of those questions and more below.
Permit's dive into Band Flop Party and see what this is all about.
What is Ring Bomb Party?
There'southward not a lot of data on Ring Bomb Political party on their website. It doesn't reveal who established the company, who'southward running the prove now or when it got started.
After doing a fiddling digging, I found that the visitor was started past a woman named Lillian Coleman. She and her sis, run the visitor with the help of a few friends.
I know from the Improve Business Bureau website (we'll become back to them a piddling afterwards for some reviews) that the visitor has been in business organization iii years at of the time of this writing, and they've been accredited with the BBB since 4/25/2018.
I saw a post from the CEO on a BBB comment and she said she started the company in 2016.
Band Bomb Party is a multi-level marketing (MLM) company that sells jewelry in a unique manner.
How Does Ring Bomb Party Work?
From what I sympathize, you get in contact with a Ring Bomb Party consultant and you order the ring size that y'all want. The cost is $17.95 per ring. That consultant then places an order for all the sizes she needs.
The rings are placed inside of something like a bath flop, except there are no essential oils and they aren't actually meant for the bathroom.
The consultant does a Facebook live and puts each ring flop into water to dissolve the bomb and it reveals the band. The person who ordered the ring will get to see it during the live. The rings have an estimated retail value of $25 – $500.
Here'southward a Facebook live posted past Ring Bomb Party, if yous want to see what information technology's like. Here'southward a screenshot I took of one of the rings that was revealed that has a suggested retail price of $64. Aye, I'grand serious. She said $64.
Apparently, they suggest such high values because each slice is custom-fabricated. They wouldn't be appraised by a jeweler at these prices.
Permit's move on to see if this is a business organization opportunity worth joining.
How Much Does it Cost to Get a Ring Bomb Party Consultant?
Co-ordinate to the Ring Bomb Party website, you have to buy a Starter Kit for $49 and an inventory purchase of $350. In guild to remain an active distributor, you demand to have 350 PV (personal book) monthly. This comes out to $350 per calendar month.
According to their terms and conditions, there is too a website fee:
I haven't seen how much this is, just generally, this is a monthly price of somewhere betwixt $10 – $twenty.
Ring Bomb Party Compensation Plan
Here is the Ring Bomb Political party compensation plan from the website.
I honestly don't understand compensation plans (they make very footling sense), so I'll post a video that can hopefully explicate information technology meliorate than I could. I don't care to go through them in particular anyhow considering I'm never going to recommend that y'all bring together an MLM. Information technology'due south just too hard to make coin with them.)
But let's just get some basic details on this one:
In that location are two ways to make coin with Band Bomb Party:
1. Retail Sales. Buy the rings for $14.36 each and sell them for $17.95 for a $3.59 profit, or 20% turn a profit. Earn bonuses the more you sell.
- 350 PV = 20%
- 1000+ PV = Get a 5% bonus
- 1500+ PV = Go an additional v% bonus
- 2000+ PV = Get an additional 5% bonus
ii. MLM Commissions. Once you go a Citrine Senior Hostesses, you'll get a 5% Team Committee Bonus. Each level after that has its own bonus structure. There are requirements for each level.
The requirement for Citrine Senior Hostess is 525 PV and you lot need to have two personally sponsored qualified Party Hostesses under you.
The requirements go up from there.
There are
I encourage you to spotter the video if you desire all the details.
Band Bomb Party Income Disclosure
In that location isn't a Ring Flop Party income disclosure that I could discover. Information technology'southward not that surprising since this visitor doesn't reveal much about themselves. They seem a little secretive.
In fact:
During the Facebook alive I posted above, the consultant said they pattern all their rings in-house, but they "don't reveal their manufacturer."
It'southward OK though.
I've seen enough income disclosures, and they all reveal the same matter…it'due south hard to make money in an MLM. In fact, over 99% of people end up losing coin in them.
I would be particularly interested to run across what Ring Bomb Party'south income disclosure looked like due to the fact that the monthly PV requirement is so loftier.
They exercise prohibit distributors from ownership inventory to increment their PV:
This is good considering it does discourage distributors from overspending.
However:
In that location are always ways effectually this.
Band Bomb Party Complaints and Positive Reviews
Every bit I mentioned above, Ring Flop Political party is accredited with the BBB, and they have an A- rating, then they are proficient at getting back to customers when they have an upshot.
Their customer reviews are pretty adept, but please empathize that it'southward likely that a good portion of these are consultants that have come to the BBB to leave most of the positive reviews.
The positive Ring Bomb Party reviews say things similar:
- This is a slap-up company and the rings are stunning and great quality
- I have many good experiences with Ring Flop Political party
- I dearest ring bombs and I take been buying for nigh ii years
- I'm fond to ring bombs
Now let's move on to the Band Flop Party complaints.
Some of the complaints said things like:
- This is the gaudiest looking fake jewelry
- The stones fall out of the rings
- I don't know where they come up upward with their suggested retail price value because most of them are worth what they quote
- The plating came off of my ring in one calendar month
Equally you tin can come across, almost of the complaints are well-nigh the quality of the jewelry. That's why I was kind of surprised that they gave the ring I posted above a suggested retail value of $64.
I'm no jewelry skillful, but it looks cheap.
Once more, they requite them higher value considering they are custom-fabricated pieces, not because they're actually worth that much.
Related Articles:
- Selling Essential Oils Online [MLM vs Affiliate Marketing]
- MLM vs Affiliate Marketing – Why Affiliate Marketing is 100x Better
- Why I Quit Immature Living [Any Why I'chiliad At present Anti-MLM]
Is Ring Bomb Political party a Scam or a Pyramid Scheme?
Band Bomb Political party isn't a scam and it's non technically a pyramid scheme. I do retrieve there is more focus on retail sales here equally compared to other MLMs who accept a bigger focus on recruiting.
The thing is, can yous really make a good income by only doing band flop parties? How many rings would yous have to sell to brand a decent income?
Yous take to purchase $350 worth of inventory each month, which comes out to 25 band bombs. At present, I'm not a math adept, but if yous become $three.59 in profit for each ring, bold yous sell all of yours, y'all'll brand $89.75 in profit.
That's for one month.
If you sell them all.
Mayhap you lot can. Maybe you're a master seller. Perchance you can sell double that. Y'all would still only brand 179.50 in a calendar month. That's not a lot. And that's why yous brand more money with recruiting.
Which turns it into a borderline pyramid scheme.
Pros
- People do seem to relish these Facebook parties
- There is a strong retail focus
- The band parties are fun and it can be exciting to see what y'all go
Cons
- The rings are low quality and people complain about information technology quite a bit
- They have a 14-day render policy, but sometimes the rings fall apart after the 14-mean solar day window
- You have to buy at least $350 in product every month to stay qualified, which is quite a lot
- Even if you sell all $350 worth of rings, your profits will still exist small
- Almost no one makes money in an MLM, and in fact, most everyone loses money
I think this annotate made on the BBB makes a really great point:
Bingo.
This is a similar conclusion that Alanda Carter, The Recovering Hunbot, makes in her YouTube video about this company. She calls is Dear Bombing, where a person is trying to fill a hole inside themselves by attending these parties and loading upward on rings.
Yous can check out her video here:
An Culling to Ring Bomb Party
Plainly, you lot're free to do whatever you desire. I just want to help you brand a expert decision for yourself. If you lot want to sign upwardly for Ring Bomb Party, I don't recommend it, merely who am I to stop you?
However, if you want an alternative, so I have suggestions for you lot.
First of all, the Ring Bomb Parties practice seem like fun. I think it would be a fun thing for my 12-year quondam daughter to do with some friends.
Amazon has a variety of these bombs with jewelry inside of them. For less. And they also have actual bath bombs that yous tin can apply in the bath.
If you lot like the idea of beingness a consultant and earning an income in your spare time, then allow me remind you that most people who are in an MLM lose money.
As an alternative, I love to suggest blogging/affiliate marketing. Affiliate marketing is promoting other people's products for a committee. But without recruiting, preparation, hosting Facebook parties or ownership $350 worth of inventory every calendar month.
In fact, the link that I posted above to Amazon is an affiliate link. If someone clicks on that link and buys something from Amazon, I'll earn a commission.
Allow me tell you more about affiliate marketing with my gratis guide for beginners here.
Decision
Is Ring Flop Party MLM? Yes, information technology admittedly is. If a company has a compensation plan, then you can bet that it's going to be an MLM.
Will you make money with Ring Bomb Political party? I think it's going to be very, very hard. Simply nearly everyone ends up losing money in an MLM (unless yous're the CEO), no matter the MLM or how difficult you lot work.
I accept tried being in an MLM, simply I prefer affiliate marketing because it's way less stressful. Like most people, I lost coin when I was in an MLM. At present, I brand a consequent monthly income that continues to grow. And I've never had to host a Facebook party or recruit a single soul. If you lot're interested, this is the training platform that showed me how to exercise everything footstep by step.
Other related content:
- All-time Programs to Brand Money Online
- Learn How to Make a Site That Pays You Over and Over Again
- How To: Affiliate Marketing for Beginners (FREE Guide)
- Ultimate Wealthy Affiliate Review
Source: https://christinapiccoli.com/is-ring-bomb-party-mlm
0 Response to "How To Become A Ring Bomb Consultant"
Post a Comment