NuLife Ventures’ fails to supply data on who owns or runs the corporate on their web site.
I discovered the next infographic on NuLife Ventures’ official Fb web page:
As above, Invoice Resides (CEO), Bob Doran (EVP) and Joey Fowl (CSA) are cited as NuLife Ventures’ co-founders.
Why this data isn’t offered on the corporate’s web site is unclear.
Previous to founding NuLife Ventures, Invoice Resides and Pleasure Fowl had been concerned within the Flexkom pyramid scheme. In 2014 Invoice Resides was named Flexkom’s Nation Supervisor for the US.
Bob Doran was selling North American Energy, which collapsed in 2015.
Establishing when NuLife Ventures launched is a little bit of a problem.
The corporate’s web site footer marks copyright from 2014 however NuLife Ventures’ web site area itself wasn’t registered until 2016.
NuLife Ventures’ official Fb web page wasn’t created till early 2019. The corporate’s YouTube channel first movies had been uploaded eleven months in the past.
What is obvious is that NuLife Ventures relies out of Tennessee, and operates within the well being and wellness MLM area of interest.
Learn on for a full overview of NuLife Ventures’ MLM alternative.
NuLife Ventures’ Merchandise
NuLife Ventures market a spread of merchandise within the well being and wellness area of interest.
These embody “hydrogen water machines”, a “nitric oxide booster” complement and anti-aging face masks.
NuLife Ventures’ hydrogen water machines are manufactured by Echo.
As per a advertising pitch on NuLife Ventures’ web site;
What’s Hydrogen Water?
Hydrogen Fuel dissolved in water makes Hydrogen Water. Hydrogen is an antioxidant & reduces oxidative stress.
Backed by 12 years of analysis and a whole bunch of research.
Particular Echo hydrogen water merchandise marketed embody:
- Echo H2 Pitcher – “makes hydrogen water moveable”, retails at $1195
- Echo H2 Machine – “the primary water machine to have the hydrogen module”, retail pricing “begins at” $2795
- Echo H2 Server – “the latest in below sink Echo Expertise”, retail pricing “begins at” $2495
- Echo H2 Final – “the last word hydrogen water machine” (marked “out there quickly”)
vNox+ is a nitric oxide complement NuLife Ventures claims will increase blood movement. vNox+ retail pricing will not be offered.
Sedona Face Masks is… nicely, right here’s NuLife Ventures’ spiel;
The idea behind the SEDONA FACE and understanding the way it works could be very easy.
Underneath the affect of Pulsating Magnetic Fields (PEMF remedy), blood-circulation is improved and the oxygen provide to the cells of the dermis and dermis is elevated.
The pores and skin is saturated with oxygen and numerous vitamins and plenty of advantages end result.
Retail pricing for Sedona Face Masks will not be offered. There’s nonetheless this… fascinating advertising picture:
NuLife Ventures additionally markets Avacen “thermo-therapy” merchandise. Following a lawsuit filed by Avacen nonetheless, the long-term way forward for that enterprise relationship is doubtful.
NuLife Ventures’ Compensation Plan
NuLife Ventures fails to supply a duplicate of its compensation plan on its web site.
The next evaluation relies on
- a compensation plan video, uploaded to NuLife Ventures’ official YouTube channel on March twenty first, 2020; and
- a compensation plan video, uploaded to NuLife Ventures’ official YouTube channel on April 14th, 2020.
As per the second video, the compensation plan particulars offered are efficient as of Might 1st, 2020.
Supposedly a compensation plan doc was to be made out there in Might 2020.
As on the time of publication, no such doc is on the market on NuLife Ventures’ web site.
MLM Fee Qualification
NuLife Ventures classify gross sales of their merchandise below two courses;
- Class 1 – orders that don’t embody Avacen units
- Class 2 – orders that embody Avacen units
Class 1 Fee Qualification
To qualify for commissions on Class 2 orders, a NuLife Ventures affiliate should:
- join as an affiliate and buy or promote no less than 250 PV price of merchandise to a retail buyer or recruited affiliate;
- preserve 60 PV in retail gross sales each 30 days.
PV stands for “Private Quantity” and is gross sales quantity generated by the acquisition or sale of NuLife Ventures’ merchandise.
The one PV quantities offered by NuLife Ventures are tied to their affiliate signup packages:
- Avacen 100 – 3000 PV
- Enterprise Builder – 4500 CV
- Avacen Professional – 5500 CV
- Practitioners Bundle – 7000 CV
Class 2 Fee Qualification
To qualify for commissions on Class 2 orders, a NuLife Ventures affiliate should:
- join as an affiliate and buy or promote a Class 2 order to a retail buyer or personally recruited affiliate;
- full a certification course offered by NuLife Ventures; and
- preserve sale of a Class 2 order over a rolling 180 day interval.
Handed-up Commissions
NuLife Ventures associates cross up the fee generated by their first Class 1 or Class 2 sale.
The fee is handed upline to the primary Class 1 or Class 2 certified affiliate.
In flip, as soon as certified NuLife Ventures associates obtain pass-up commissions from the primary Class 1 or Class 2 sale made by personally recruited associates.
Retail Commissions (???)
Though retail commissions are talked about within the cited April 2020 compensation video, I couldn’t discover any data on retail commissions paid out.
Such to the extent retail commissions are a part of NuLife Ventures’ compensation plan, they’re evidently not price together with in official advertising materials.
Recruitment Commissions
NuLife Ventures associates obtain a 16% fee on the recruitment of associates who join with an Avacen bundle (see “Becoming a member of NuLife Ventures” under).
- recruit an Avacen 100 bundle affiliate and obtain $480
- recruit a Enterprise Builder bundle affiliate and obtain $720
- recruit an Avacen Professional bundle affiliate and obtain $880
- recruit a Practitioners Bundle affiliate and obtain $1120
The above fee charges are tied to the Junior rank and improve based mostly on rank as follows:
- Seniors obtain a 26% recruitment fee price
There seems to be two further ranks (paying 28% and 30% respectively), nonetheless particulars will not be offered.
Residual Commissions
NuLife Ventures earn residual commissions as a share of gross sales made by downline associates.
I consider these are coded bonuses, maxing out at 11% based mostly on rank (seven tiers).
That’s 11% is paid out on every order, with greater ranked associates in a position to acquire the distinction paid to decrease ranked downline associates (once more maxing out at 11% per sale).
NuLife Ventures fail to supply rank qualification standards so I can’t provide you with specifics.
Becoming a member of NuLife Ventures
Fundamental NuLife Ventures affiliate membership prices $280.
The next Avacen bundle packages are additionally out there:
- Avacen 100 – $4275, contains an Avacen 100 machine
- Enterprise Builder Bundle – $6475, contains an Avacen 100 machine and carry bag
- Avacen Professional – $7275, contains Avacen Professional machine
- Practitioners Bundle – $9475, contains Avacen Professional and Avacen 100 machine with carry bag
Conclusion
If NuLife Ventures’ advertising materials is something to go by, your complete alternative revolves round signing up, buying an Avacen machine bundle and recruiting others who do the identical.
NuLife Ventures’ different merchandise may as nicely not exist, save maybe vNox+ to qualify for Class 1 commissions.
Within the April 2020 compensation video cited earlier on this overview, supposedly latest adjustments had been made to carry NuLife Ventures’ into regulatory compliance:
Based mostly on the robust concentrate on signing up associates with Avacen packages (significantly, nothing else is even lined of their movies), the dearth of retail pricing on NuLife Ventures’ web site and no retail fee particulars by any means, I’m going to counsel NuLife Ventures was working as a product-based pyramid scheme.
That’s recruited affiliate purchases had been making up nearly all of company-wide gross sales quantity.
I’ve seen nothing to counsel something has truly modified, so it’s extremely seemingly that is nonetheless the case.
I imply actually, whenever you’re promoting a $1195 water pitcher – is any of this stunning?
And what’s the deal between the Avacen 100 and Enterprise Builder Bundle?
Each include an Avacen 100 machine, however the Builder Enterprise Bundle features a carry bag… for an extra $2200?!
Extra NuLife Ventures purple flags are the dearth of company data and financing possibility offered.
NuLife Ventures failing to supply company data on its web site creates the impression of a faceless company.
Given the inextricably private nature of MLM usually, this isn’t a fascinating look.
Presumably because of how a lot Avacen units price (presumably the quoted costs on this overview are wholesale, seeing as retail pricing isn’t offered), NuLife Ventures supply financing choices to prospects and potential associates.
Please don’t be part of any MLM firm on finance.
For those who can’t afford $4275+ to affix an MLM firm, both save up or look elsewhere.
That’s not an insignificant quantity and, no matter what occurs together with your NuLife Ventures enterprise, that’s debt you’ll be saddled with.
I’d even go as far as to say it’s irresponsible for an MLM firm to be pushing finance as an possibility – extra so right here given the potential quantities concerned.
Maybe the most important concern nonetheless is the query mark over NuLife Ventures’ relationship with Avacen.
Contemplating Avacen’s merchandise are very a lot introduced because the core of the enterprise, shedding entry would just about be the tip of NuLife Ventures. At the least in its current state.
On prime of all the things else raised on this overview, I’d be extraordinarily cautious of signing up till the authorized dispute between NuLife Ventures and Avacen is resolved.
And in case you’re studying this a while after it was initially printed, see if you could find company and compensation data on NuLife Ventures’ web site.
If the information nonetheless isn’t out there, NuLife Ventures’ clearly aren’t dedicated to offering the absolute best shopper expertise they’ll.
Strategy with warning.
Replace twenty third September 2020 – Earlier this month Avacen dropped its lawsuit towards NuLife Ventures.