Bonvera Review:
Hello and welcome to this Bonvera review!
Do you want a real opportunity to make money?
Are you looking for a way to generate passive income?
Do you want something that does not involve recruiting and begging with people on social media to buy your products?
Those concerns and needs will be discussed in this article.
This review will go over Bonvera, another MLM company in health and wellness.
So, before making any final decision, read on first and see if this MLM business is for you.
MLM Review: What Is Bonvera?
It is a multi-level marketing (MLM) or network marketing company that sells health and wellness products.
Their headquarters is located in Knoxville, Tennessee, USA.
When Was Bonvera Started?
Bonvera was founded on February 15th, 2016 and relaunched on May 1st, 2018 under new ownership and with a new board of directors.
Despite being a relatively new MLM company, it already has over 20,000 members.
The History Of Bonvera
In 2004, A group of brilliant 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”.
It took several years for this dream to come true, but 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, served as a consultant early on.
He was named full-time CEO and co-owner on May 1, 2018.
This team has been rebranding the company as “Bonvera 2.0” since May 1, 2018.
“This is a completely different company than it was just two years ago,” Bob says.
“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 no stranger to the MLM industry, having allegedly been involved in a tool scam while working for Amway.
According to Scott Johnson, CEO Robert Dickie has a background in non-executive MLM with Amway.
He supervises the tool company owned by Orrin Woodward while working for Amway (Quixtar at the time).
Dickey’s father was the official Woodward organization preacher, but he later split with Woodward.
When Woodward left Amway in 2007, Dickey was forced to reveal some individuals who made derogatory 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?
Weight loss, vitamins, skincare, and coffee are all part of their product line:
- Skincare
- Household Essentials
- Vitamins
- Coffee
- Superfoods
- Essential Oils
- Energy Drinks
- Third-Party Products
Dr. Jeff Davis, Bonvera’s Chief Medical Director, is in charge of the nutritional supplement development.
Bonvera Review: What Are The Third Party Bonvera Products Bonvera Sells?
The following are some of the Third Party Bonvera products that they sell in collaboration with Third-Party companies:
BluePay: Provides a variety of financial services.
QuilBed: A bedding supply company that sells mattresses 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?
The brand uses these two names interchangeably.
Their associates, also known as Bonvera Entrepreneurs, are “independent business owners” who build the company on their own time and money.
Bonvera is a legitimate multi-level marketing company.
The business model and the Bonvera compensation plan simply establish this.
Not all multi-level marketing (MLM) opportunities are legitimate.
If the money you make from an MLM is based on public sales, it could be legitimate.
It is not legal if your income is based solely on the number of people you recruit and the products you sell to them. It’s a scam.
Pyramid schemes are against the law.
The vast majority of those who join them lose money.
Bonvera Review: Is Bonvera A Scam?
To put your mind at ease, here’s the answer to 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?
It is quite often difficult to distinguish between a legitimate MLM company and a pyramid scheme.
The main difference between the two is that MLM businesses allow you to earn commissions by selling genuine products or services to retail customers, whereas pyramid schemes only allow you to make money by recruiting others into the plan.
The company cannot be classified as a pyramid scheme because it allows you to earn commissions by selling its products in retail.
Can You Make Money With Bonvera Compensation Plan?
There are two main ways to make money with their MLM compensation model:
Make Money Through Retail Sales
You make money by selling their products and earning a commission.
Make Money Through MLM Recruitment
You recruit people into the business opportunity and profit from their success through residual commissions.
Take a look at their compensation plan.
Bonvera’s Compensation Plan
Bonvera MLM compensates its entrepreneurs in seven ways.
- Retail Commissions
- PBV Bonus
- Registered Customer Bonus
- Differential Bonus
- Partner Bonuses
- BVr1 to Car Bonus
- National Bonus Pools
Retail Commissions
Earn a 20% commission on all retail sales of Bonvera’s private label products, whether you make money online, offline, or through Smart Shopper.
PBV Bonus
This bonus is calculated by multiplying your Personal Bonus Volume (PBV) by the Bracket % factor.
Your Bracket Percentage is determined by the Total Group Bonus Volume (TGBV).
(TGBV is the total BV generated by all of your downline Entrepreneurs at any 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
Get a bonus equal to 50% of your Personal Customer Bonus Volume (PCBV).
Your Personal Bonus Volume is increased by the total PCBV (PBV).
Differential Bonus
Pays you a bonus based on the difference in bracket percentages between you and each Entrepreneur in your downline.
Partner Bonuses
Partner Bonus:
Earn a $1000 monthly bonus if the following requirements are met:
- Make a single team with at least 10.000 BV.
- You should have at least 2500BV outside of that team.
- Attain the rank of Partner.
Senior Partner Bonus:
Earn $250 in addition to the $1000 Partner Bonus if the following requirements are met:
- Make a single team with at least 10.000 BV.
- You should have at least 5000BV outside of that team.
- 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 active BVr1 (auto-ship order)
- Build 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 can be used to purchase a blue or white Lexus, Lincoln, Cadillac, BMW, or a half-ton pickup truck.
National Bonus Pools
The remaining commissionable dollars are divided among 16 pools by the company.
The pool amounts are equally distributed among those who have qualified for each pool.
To qualify for the National Pool Bonus, you must have at least two teams that generate 10.000BV each and are ranked Professional or higher.
A table containing all of the pool qualification requirements, allocations, and shares is provided directly below.
Bear in mind that Bonvera’s compensation plan may change from time to time, so some of the information, such as commission rates, rank qualifications, and so on, may be out of date by the time you read this review.
How Do I Join Bonvera MLM And How Much Does It Cost To Join?
How To Join
To participate in this MLM opportunity, go to the company’s official website and click the “Contact a Bonvera Entrepreneur” button at the bottom right of the home page.
Fill out the form’s fields with the requested information, then click the “Contact Us” button.
After that, a Bonvera Entrepreneur in your area will contact you via phone or text 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 following enrollment kits:
- Bonvera Sampler: $149.95 (one-time payment)
- 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 are included.
- Phyzix MD Pack: $149.95 (one-time payment)
- Phyzix MD MultiVitamin, Phyzix MD Omega Max, Phyzix MD Calm & Clear –Mixed Berry, and Phyzix MD Immun-D are all included.
- Luebella Skin Care Pack: $149.95 (one-time payment)
- Luebella Anti-Aging Serum, Revitalizing Facial Cleanser, Night Cream, and Day Care are all included.
Remember that in order to be eligible for commissions during any given month, you must have at least 100PBV (Personal Bonus Volume).
Personal Bonus Volume = the total amount spent on all products by you, your directly enrolled Smart Shoppers, and your retail customers.
This means that if you don’t reach the 100PBV through Smart Shoppers and retail customers in a month, you’ll have to buy products on your own until you do.
Bonvera Review: Our Recommendation
LinkedIn Recommendation Examples, Samples – Best LinkedIn Recommendations | LPWS
If you already use Bonvera products and like them, becoming a Bonvera Associate could be a good way to make some passive income and decent discounts on products you’d buy anyway, as well as make some extra money by selling those products.
If not, it is not advisable to join Bonvera.
While Bonvera is not a scam, making money and passive income with this business opportunity can be difficult, especially if you dislike aggressive sales pitches or recruiting friends and family.
In this business, the only way to avoid losing money is through recruitment.
And you have to do it even if you know that 93% of the members will lose money.
MLM opportunities are notoriously difficult to succeed in, regardless of company.
This is primarily due to a lack of training and a failure to teach you the necessary skills 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. This is where the MLM problem arises.
What Is Our Top Recommendation For Making Money Online?
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 in my opinion is 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…