Bonvera Pyramid Scheme: Is It Worth Being A Sellout?
Hello and welcome to my Bonvera review!
Do you want a genuine chance to make money?
Are you looking for a way to earn passive income?
Do you want something that does not entail recruiting and pleading with people on social media to buy your products?
We will discuss those concerns and needs in this article.
We will review Bonvera, another MLM company in health and wellness.
So, before you make any final decision, read on first and see if this MLM business is for you.
Check Out This Simple Way To Run A Digital Real Estate Empire Online
This is so simple, it should be illegal.
Table of Contents
MLM Review: What Is Bonvera?
It is an MLM or multi-level marketing, a.k.a. network marketing company that specializes in selling health and wellness products.
Their headquarters is in Knoxville, Tennessee, USA.
When Was Bonvera Started?
Bonvera was founded on February 15th, 2016, and relaunched on May 1st, 2018 with new ownership and a new board of directors.
Despite the fact that it is a relatively new MLM company, it already has over 20,000 members.
The History Of Bonvera
In 2004, an initiative was created when a group of accomplished businessmen working together in an enterprise began to dream of a new way to do business and, as they claim, “help others achieve entrepreneurial success”.
This dream took several years to come true, and on February 15, 2016, this group of businessmen founded Bonvera, which means “good faith.”
Bob Dickie, the president of Crown Financial Ministries at the time, helped early on as a consultant.
On May 1, 2018, he became the full-time CEO and co-owner.
Since May 1, 2018, this team has been relaunching the company as “Bonvera 2.0.”
“This is a completely different company than it was just two years ago,” Bob explains.
“We have new ownership and board, new leaders, new products, new compensation plan, we relocated the headquarters to Knoxville, TN, we have an industry-leading distribution and warehouse facility, and top consultants from across the country all focused on helping the brand to be “best in class” and provide world-class products and services to our customers. We couldn’t be more thrilled! We have successfully transformed this company.”
Bonvera Review: Who Is Bob Dickie?
Bob Dickie is not a newbie in the MLM industry and was allegedly involved in a tool scam while at Amway.
According to Scott Johnson, CEO Robert Dickie has a non-executive MLM history with Amway.
While in Amway (Quixtar at the time), he headed up the tool scam company owned by Orrin Woodward.
Dickey’s father was the official Woodward organization preacher who later fell out with Woodward.
When Woodward left Amway in 2007, Dickey was obliged to reveal some individuals who made critical remarks about Amway in a historic free speech lawsuit.
To read more about this case, click this link.
Robert Dickie authored two books, both of which are available on Amazon: Love Your Work: Four Practical Ways To Pivot to Your Career and The Leap: Launching a Full-Time Career in a Part-Time Economy
Bonvera Review: What Products Does Bonvera MLM Sell?
Their product line includes everything from weight loss and vitamins to skincare and coffee:
- Household Essentials
- Essential Oils
- Energy Drinks
- Third-Party Products
Dr. Jeff Davis, Bonvera’s Chief Medical Director, is responsible for the development of their nutritional supplements.
Bonvera Review: What Are The Third Party Bonvera Products Bonvera Sells?
These are some of the Third Party Bonvera products they sell in partnership with Third-Party companies:
BluePay: Offers a variety of financial services.
QuilBed: A bedding supply company that sells beds and bedding.
Marketplace Select: Offers a variety of natural, organic, and specialty foods.
Zeva: Offers a variety of nutritional supplements.
Bonvera Review: What Is A Bonvera Entrepreneur? What Is A Bonvera Associate?
These two names are used interchangeably by the brand.
Their associates, also known as Bonvera Entrepreneurs, are independent business owners that build the business on their own time and with their own resources.
Yes, Bonvera is a legitimate MLM company.
This is simply established by the business model used and the Bonvera compensation plan.
Not all MLM businesses are legitimate.
If the money you make through an MLM is based on public sales, it could be a legitimate one.
It is not legitimate if your income is reliant on the number of people you recruit and the products you sell to them. It’s a pyramid scheme.
Pyramid schemes are unlawful.
A vast majority of people who join them lose money.
Bonvera Review: Is Bonvera a scam?
To put your mind at ease, let me answer the question, “Is Bonvera a scam”?
The answer is no, Bonvera is not a scam.
Is The Bonvera Pyramid Scheme Accusation True? Is Bonvera A Pyramid Scheme?
A lot of times, it is difficult to tell the difference between a legitimate MLM company and a pyramid scheme.
The primary distinction between the two is that MLM businesses allow you to earn commissions by selling genuine products or services to retail consumers, whereas pyramid schemes only allow you to make money by recruiting others into the plan.
Because the brand allows you to earn commissions by selling its products in retail, the company cannot be classified as a pyramid scheme.
Can You Make Money With Bonvera Compensation Plan?
With their MLM compensation model, there are two main ways to make money:
Make Money Through Retail Sales
You sell their products and receive a commission for your efforts.
Make Money Through MLM Recruitment
You bring people into the business opportunity and earn pass-up residual commissions based on their success.
Let us take a look at their compensation plan.
Bonvera’s Compensation Plan
Bonvera MLM pays its Entrepreneurs in seven different ways.
- Retail Commissions
- PBV Bonus
- Registered Customer Bonus
- Differential Bonus
- Partner Bonuses
- BVr1 to Car Bonus
- National Bonus Pools
Receive a 20% commission on all retail sales of Bonvera’s private label products, whether you make money and passive income online, offline, or through Smart Shopper.
This bonus is calculated by multiplying your Personal Bonus Volume (PBV) by a factor known as Bracket %.
The Total Group Bonus Volume (TGBV) determines your Bracket Percentage.
(TGBV is the total BV generated by all your downline Entrepreneurs through unlimited depth.)
- 10000 TGBV = 28%
- 7500 TGBV = 24%
- 5000 TGBV = 20%
- 2500 TGBV = 16%
- 1500 TGBV = 12%
- 750 TGBV = 8%
- 75 TGBV = 4%
Registered Customer Bonus
Receive a bonus equal to 50% of your Personal Customer Bonus Volume (PCBV).
The total PCBV is added to your Personal Bonus Volume (PBV).
Pays you a bonus based on the difference between your bracket % and the bracket % of each Entrepreneur in your downline.
Earn a $1000 monthly bonus as long as the following requirements are met:
- Create one team with at least 10.000 BV.
- Outside of that team, you should have at least 2500BV.
- Attain the rank of Partner.
Senior Partner Bonus:
Earn $250 in addition to the $1000 Partner Bonus as long as the following requirements are met:
- Create one team with at least 10.000 BV.
- Outside of that team, you should have at least 5000BV.
- Attain the rank of Sr. Partner.
BVr1 to Car Bonus
Receive a $400 monthly car bonus as long as the following requirements are met:
- Have a BVr1 that is active (auto-ship order)
- Create a team of at least 25 successfully processed BVr1s.
- Have 25+ BVr1 orders for three consecutive BVr1 cycles between your other teams (no idea what that means)
The bonus is redeemable for a blue or white Lexus, Lincoln, Cadillac, BMW, or a half-ton pickup truck.
National Bonus Pools
The company divides its remaining commissionable dollars among 16 pools.
The pool amounts are distributed evenly among those who have qualified for each pool.
To be eligible for the National Pool Bonus, you must have at least two teams that generate 10.000BV each and have reached the Professional or higher rank.
A table with all of the pool qualification requirements, allocations, and shares can be found directly below.
Please keep in mind that Bonvera‘s compensation plan may change from time to time, so by the time you read this review, some of the information, such as commission rates, rank qualifications, and so on, may be out of date.
How Do I Join Bonvera MLM And How Much Does It Cost To Join?
How To Join
To join this MLM opportunity, go to the company’s official website and click the “Contact a Bonvera Entrepreneur” button on the bottom right of the website’s home page.
Fill out the form’s requested information and then click the “Contact Us” button.
Following that, a Bonvera Entrepreneur near you will call or text you to inform you of the next steps in the process.
How Much Does It Cost To Join The MLM
To become a Bonvera Associate, you must first purchase one of the three enrollment kits listed below:
- Bonvera Sampler: $149.95 (one-time payment)
- It includes a bottle of Kutano Memory & Focus, one box of Phyzix Vanilla Wafers, Phyzix Zero, and a 12-ounce bag of Thrive True North Ground Coffee.
- Phyzix MD Pack: $149.95 (one-time payment)
- Includes Phyzix MD MultiVitamin, Phyzix MD Omega Max, Phyzix MD Calm & Clear – Mixed Berry, and Phyzix MD Immun-D
- Luebella Skin Care Pack: $149.95 (one-time payment)
- Includes a Luebella Anti-Aging Serum, Revitalizing Facial Cleanser, Night Cream, and Day Care.
Keep in mind that in order to qualify for commissions during any given month, you must have at least 100PBV (Personal Bonus Volume).
Personal Bonus Volume = the total volume of all products purchased by you, your directly enrolled Smart Shoppers, and your retail customers.
This means that if you don’t reach the 100PBV through your Smart Shoppers and retail customers in a month, you’ll have to buy products yourself until you do.
Bonvera Review: My Recommendation
If you already use Bonvera products and are pleased with them, becoming a Bonvera Associate may be a good way for you to get some passive income and decent discounts on products you would buy anyway, as well as possibly make some extra money by selling some of those products.
If not, joining Bonvera is not advised.
While Bonvera is not a scam, it can be difficult to make money and passive income with this business opportunity, especially if you dislike aggressive sales pitches or recruiting friends and family.
The only way to avoid losing money in this business is through recruitment.
And you have to do it even if you already know that 93 percent of the members will lose money.
MLM opportunities, regardless of which company, are notoriously difficult to succeed with.
This is primarily due to a lack of training and a failure to teach you the key skills required to make money online and earn a passive income.
Yes, you can make money with Bonvera, but the question is how long it will take you to earn a passive income from Bonvera. This is where the issue with MLM arises.
What Is Our Top Recommendation For Making Money Online In 2021?
Our review team has come across a program in the real estate industry that is next level!
Although it’s not real estate in the traditional sense, it’s all digital.
Where Bonvera falls short is in scalability.
There’s only so much time in a day and there’s only so many people you can reach to sell by yourself.
MLM companies know this! Which is why they push so hard for you to recruit for your downline…you can’t get rich with it as a one man/woman show.
But what if you could make even more money off of little local websites without having to spend hundreds of dollars on overpriced products and a bunch of time recruiting people to sell under you?
With this digital real estate program, you can make recurring monthly income without constant sales to your friends and constant recruitment!
Sound too good to be true? Of course it does! But it isn’t…in fact, business owners wish they had this skill!
All you have to do is build and rank a LOCAL website and forward the jobs off to a business owner in town, you could even email it to them!
This works for literally any service based business, tree service, plumbing, towing, etc.
How do you get paid and how much?
Simple, after you forward the jobs off to a business owner and he makes some money off of them, you simply ask to make the deal beneficial for each other.
A fair price to charge per lead, depending on the industry is 10-20%…let’s just use the tree service industry for example and go by worst case scenario.
Let’s say you build and rank the site and only 10 jobs a month come in. The average tree service job is anywhere from $500-$2000!
That means at bare minimum you have an asset worth $500 a month!
See why they call it digital real estate now? That’s a rent payment.
The great thing is how easy it is to scale. You don’t have to worry about:
- Your upline getting paid before you
- Begging your friends and family to buy from you
- Recruiting people all the time
Remember Bonvera? You only get what’s left of the pie if you meet a monthly quota…
The course we recommend actually allows you to collect HUGE FLAT RATE DEALS. Truly passive income!
The training program takes making money online to a whole other level. The owner of the program walks you through how to build and rank a site hand in hand, with the occasional voice over when he is sharing his screen.
You will learn the importance of keywords, website name, how to send call notifications via email, backlinking, etc.
Once the training program is completed you will also have access to a Facebook group much better than the Bonvera MLM in our opinion. This group is much more active.
Unlike Bonvera, where you’re getting maybe $10 per sale, you could be getting 10-20X THAT.
A business will always want more leads and another job. In fact it doesn’t even matter that the job isn’t coming from their website name…they see it as it is…expanding digital real estate.
Unlike Bonvera, more people have been able to walk away from their 9-5 job as well.
Digital real estate allows you to have total passive income with most of your day being spent WITH your friends, NOT selling to them.
Now, I know you probably have tons of questions…