Vemma Scams: Is It Worth It To Be a Sellout?
Name of the product: Vemma (Vemma Nutrition Company)
Founders: Lauren Boreyko, Benson K Boreyko
Owners Brad Wayment (COO), Yibang Wang, MD. Ph.D. Chief Scientist Officer
Type of product: MLM Company for Health and Wellness
Prices: $500-$1000 + $68/month
Summary: Vemma is an MLM-based company that offers nutritional drinks, energy drinks, and dietary supplements. It was established by Lauren Boreyko (Benson K Boreyko) in 2004. It is located in Arizona.
The company was founded with the goal of making college students financially independent. In 2015, the Federal Trade Commission closed the operation and declared it an illegal pyramid scheme.
The settlement reached years later involved the modification of business practices, payment a fine, and transfer of business assets.
Who is BK Boreyko?
Benson K Boreyko founded Vemma Nutrition Company.
Why is the Pyramid Scheme Illegal?
Pyramid schemes violate the law because they do not offer any product or services. They make their living by exploiting people who join them.
Top pyramid affiliates make it easy for people to join their ranks. They pay a small percentage of the new payments, but most of the profits.
High returns and immediate benefits make it attractive to join the ranks. Recruitment agencies won't have enough people to fill the pyramid.
Review: What Happened with Verve Drink?
Verve Energy Drink Company was started by students at Arizona State University to sell Verve.
The buzz spread quickly to other universities in the US and the Federal Trade Commission (FTC) ordered that company be closed down.
Federal Trade Commission (FTC)
The Federal Trade Commission is an independent US government agency that enforces antitrust laws (non-criminal). It also protects consumers.
The FTC brought suit against Vemma Nutrition Company, Vemma International Holdings, Inc. after discovering that they were involved in pyramid schemes.
Jessica Rich, Director of FTC’s Bureau of Consumer Protection stated that Vemma makes false claims of high-income potential rather than focusing its efforts on selling products to convince consumers to buy their products.
Federal Trade Commission (FTC) Calls Vemma A Pyramid Scheme That Preys On Young Adults
Antoine Gara (Fox staff writer) wrote that Vemma was being used to deceive its young members by the Federal Trade Commission (FTC).
Boreyko founded the company in 2004. The company quickly grew to include colleges all over the country. In 2013, it earned more than $200 million.
FTC claimed that the company was primarily focused on recruiting distributors. Many of those who signed up fell for high-income claims and lost all their money.
Vemma appealed and US District Judge John Tuchi ruled for Vemma. In 2015, the company was forced to stop multi-level marketing operations.
Vemma Agrees To Ban On Pyramid Scheme Practices To Settle FTC Charges
The FTC lawsuit forced the company to stop all business practices that were referred by the Federal Trade Commission to as pyramid schemes.
The Federal Court ordered them to stop paying affiliates unless they make a substantial portion of their income from customers. FTC also prohibited the firm from making unfounded income claims and offering unfounded benefits.
"Unfortunately excessive income claims and compensation programs that reward sales over recruiting continue to plague MLM industry,"said Jessica Rich, FTC Bureau of Consumer Protection.
Tempe's Vemma settles to FTC; Fined $238 Million, Accepts No Wrongdoing
Vemma reached a settlement with the FTC in 2016.
Bethany Alzakin, and Tom Alzakin were also penalized more than $6.7million and ordered to forfeit some business assets.
Vemma and Herbalife
Side note - Bill Ackman, Perishing Square, released a press release saying that Vemma had "significant structural similarities" to Herbalife after Vemma's closure.
Bill Ackman stated that Herbalife was similar to Vemma and other MLM companies that were closed down by FTC.
Is Vemma A Pyramid Scheme?
It was a pyramid scheme. The Federal Trade Commission has allowed affiliates, mostly college students to make money selling products without needing to recruit.
However, it is possible to create a successful online business that is profitable.
It's proof of this success and not Vemma’s which was just a few days ago.
What's the Vemma MLM Product Line?
Are you health-conscious? Do you believe in wellness?
These main products are offered by the company:
Verve Energy Drink has been Named the Flagship Product
Verve is a blend of energy drinks, nutritional supplements, and vitamins.
Is Vemma Products Effective? Do they Cost too Much?
Let's face it, there will always be negative and positive feedback about health and well-being.
More reviews can be found here
How does Vemma Work?
The company sells various health and wellness products including energy, dietary drinks, and supplements. Affiliates have the opportunity to become sales reps for the company.
It functions in the same manner as other MLM companies. Affiliates can also convince people to buy expensive products.
Vemma Compensation Plan Review - Is Vemma MLM an Effective Way to Make Money Online.
This is your most important section.
You are likely reading this article to see if the company is able to make a living.
They can help make you money.
It is possible to make money the same way you would in an MLM.
- Products are sold
- People are being hired
However, the fact is that MLM's make 99% of those who work there either lose or break even.
Only 1% make a profit. The 200 plus people who make a profit are only known to make $200 a month.
Honesty is the best policy.
What does it cost to sign up? Get Started with Vemma MLM.
Are you still interested? You have two options:
- Silver Membership - $4999.95
- Gold Membership - $999.95
The Gold Membership has more options and is thought to have a higher success ratio.
The monthly sales quota cannot be met. Let's take a look at your first-year expenses.
- $499.95 to $9999.95
- $68 x 12 Months ($816)
Your minimum expenses are $1,315.95-1,815.95 (1st year).
Vemma Compensation Plan
We can determine the effectiveness and efficiency of network companies based on their compensation plans.
These are the three (3) ways you can earn an income.
- Quick Start: Get a $50, $100, or $200 bonus on your first sale depending on which package you have.
- Builders - Get a bonus of $10 to $50 for each product you sell within your downline
- Bonus on Your First "Cycle" - Receive a 25%-30% bonus on your total sales once you've reached your first "cycle".
Tell us what you think.
Vemma is a great way to make money in MLM marketing. However, you must put in the work required to succeed.
The program that helped skyrocket my online business to $40,000+ per month teaches some of the same MLM skills but shows you how to monetize them in a much, MUCH more profitable way.
Is Vemma Still In Business? Can You Still Buy Vemma?
Vemma is still in business. However, Vemma has changed its operations to meet legal requirements.
Vemma Review: Unspeakable Truths
This is what's wrong with the company. Let us look at the negative aspects of the company.
Vemma products don't seem worth the price when you can buy them online for a fraction of their cost.
Subscriptions at a high cost
Spend $500-$1000 upfront.
Hidden monthly fees
Look for $68 monthly requirements. The small print.
Bottom Line: Is Vemma A Scam? Or A Legit MLM?
Is Vemma a fraud? Vemma now sells legitimate products and compensates affiliates correctly.
It also uses a legitimate multilevel marketing strategy However, it is still a pyramid scheme because of the necessity to recruit.
I wouldn't recommend it to my friends.
Is Vemma the right opportunity for your business?
How much would an average person spend on energy drinks if they were to spend twice as much?
Consider whether joining is a good idea, considering all the negatives.
Vemma offers more options than Vemma if you're determined to be an MLM marketer.
Keep in mind that I don't get paid to review programs.
eMoney Kings is the #1 Recommendation for Making Money Online in 2022
The program was rated as the best in the real estate industry by our review team!
It is digital, but it's not real estate.
Vemma's weakness lies in its scalability.
Time is limited and there are only so many people you can reach.
MLM companies get this. MLM companies will encourage you to recruit other people for your downline. It's not possible to make it big if you are a one-man/woman business.
Imagine making more money with your local websites. You don't have to spend hundreds of dollars on high-end products or spend a lot of time finding people who will work under your brand.
You can make a regular monthly income with this digital real estate program, even if your friends and recruits don't buy as often.
Is it too good to be true? It sure does! Many business owners wish they could do this skill.
It is easy to build and rank your local website and then forward the jobs on to business owners.
This applies for any service-based business like tree service, plumbing or towing.
How can you get paid the most?
The concept is simple: once you send the jobs to a business owner and he makes money, you can ask for mutual benefits.
A fair price per lead is between 10-20 %... Let's use the tree service industry as an example. We will assume the worst-case scenario.
Let's say you rank the site and receive only 10 jobs per year. Tree service jobs range from $500 to $2000.
You should have at most $500 in assets per month!
It is digital real estate. It is a rent payment.
Scaling is simple. No worries:
Remember Vemma? Only if you reach a monthly quota do you get any of the pie?
Take the course we recommend to get massive FLAT RATE DEALS. This passive income is really amazing!
This program will help you make money online.
Find out the important keywords and website names. Learn how to send emails with notifications and backlinking.
Once the training program has been completed, you will be able to access a Facebook Group we believe is better than Vemma MLM. This group is active.
Vemma pays $10 per sale. Vemma could pay you 10-20X more than what you're getting.
Businesses will always require more leads and jobs. They see it as it really is and is constantly expanding their digital property.
Many people can leave their 9-5 jobs, just like Vemma.
While passive income can be earned from digital reality, most of your time will be spent with friends and not selling.
There are likely many questions.