Welcome to my NéVetica review!
You may have come across with NéVetica as you’re looking for essential products for your pets.
Aside from the products they’re selling, you also saw that they offer a business opportunity.
It might have arouse your curiosity and wanted to know what it’s all about.
If you’re looking for answers, whether it’s legitimate or a pyramid scheme, then you have come to the right place.
In this review, I will attempt to provide solution and help you determine whether to invest or not.
So without further ado…
Let’s begin…
NéVetica Review
- Name: NéVetica
- Website: nevetica.com
- Founder: Dr. Lance Landon
- Price: Basic membership fee is $225.
- Recommended?: Nope.
What is NéVetica?
NéVetica is an MLM (Multi-Level Marketing) that specializes in selling pet essentials.
It includes products like dental health, hygiene, nutrition, and more for your beloved pets.
The company was founded by its current CEO Dr. Lance Landon.
Its date of inception is unclear. However, it was stated in their story section that Dr. Landon was inspired to establish a company that’s more focused on pet care in 2016.
Know the full story here.
I won’t be focusing on their product since our focus is on their business opportunity.
So is their compensation plan legitimate or just another scam?
Let’s continue with my NéVetica review…
The business opportunity of NéVetica
Complex and almost incomprehensible compensation plans are the hallmarks of MLMs.
In this case, however, NéVetica made a difference. They somehow simplify their compensation plan.
In fact, it is too broad that the specifics were not explained sufficiently.
But if you take a look at them closely, their income streams really depend on two things—
- Retail commissions – you have to sell products they offer so that you earn commissions.
- Recruitment – Create a large lower network through recruitment. Its purpose is to enable you to increase your personal volume—which is the basis for advancements and potential earnings.
NéVetica currently rewards fourteen ranks—
- Pet consultant
- Senior Pet Consultant
- Area Pet Consultant
- Regional Pet Consultant
- Director
- Area Director
- Regional Director
- National Director
- Vice President
- President
- International President
- Diamond
- Blue Diamond
- Black Diamond
Advancement requirements are not specified.
They also offer nine ways of how a consultant could earn income. It is as follows—
- Personal Sales Bonuses
- First Order Bonus
- Unilevel Bonus
- Turbo Infinity Bonus
- Income Match Bonus
- Leadership Advancement Bonus
- Global Pool Bonus
- NéVetica Sponsored Vacations
- Executive Leadership Council
For better understanding, I have summarized them in the following section.
What are its income streams?
As mentioned earlier, the compensation plan is too broad that the mechanics of the bonus were not explained thoroughly.
In this section, I will only explain what I’ve gathered.
Personal Sales Bonuses
It is the retail commissions in simpler MLM terms.
They claim that the consultant could earn up to 35% percentage commissions on every NéVetica product they sold. This is either through the retail customer or personally sponsored consultant.
The cash bonuses are paid weekly.
First Order Bonus
The consultant earns a 15% bonus on the first orders made by their personally sponsored recruited consultants.
The bonus runs up to three levels deep.
They added that the Regional Director also gets a 5% share up to where another Regional Director is situated under their lower network.
Unilevel Bonus
As the term implies, NéVetica adopts a unilevel model of networking.
The consultant could potentially earn up to 10% commissions on sales volumes made by their lower network up to six levels deep.
The percentage income depends on the consultants’ ranking. However, the mechanics of the bonus was not further explained.
Turbo Infinity Bonus
To qualify for this bonus, you need to achieve the ranks of President.
Once you reached the position, NéVetica promises to provide bonus up to unlimited levels.
However, the percentage or how much the consultant would earn was not specified.
The Income Match Bonus
They state that the bonus is paid based on the income earned by the consultants’ lower network.
The percentage is up to 25% and six generations deep.
If the consultant reaches or retains the position of International President, then they shall earn an additional 8% bonus.
The bonus percentage and generational level are based on the consultants’ rankings. Again, the specifics of the bonus were not clearly specified.
Leadership Advancement Bonus
It is a bonus gives as you advance in rankings—
- National Director - $1,000
- Vice President - $2,000
- President - $4,000
- International President – $7,500
- Diamond - $15,000
- Blue Diamond – $40,000
- Black Diamond - $100,000
Does it sound dandy?
Well, don’t be.
According to research, it was found that only an estimated 1% of people who join MLMs succeeds. I will explain this in the next chapters.
Global Pool Bonus
It is also a common feature in most MLMs where they set aside 1% of their global income. And then, they share and distribute it to their top leaders in the company.
NéVetica Sponsored Incentive Trips
It is a reward given to their top consultants, wherein they incentivize them with all-expense paid trips.
The Executive Leadership Council
It’s similar to the prior bonus, wherein they also reward all-expense-paid trips to their qualified consultants to meet with other members of the organization.
In addition, they also provide gifts during the trip.
How much will it cost me to join NéVetica?
The basic membership fee is $225.
After registration, the consultant receives the Basic Builder Pack and becomes an official NéVetica representative.
Some of the products the consultant would sell include the following—
- Business Builder Pack - $199
- Product Pack - $475
- Tech Pack - $24.99 monthly payment
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Can you make a reliable income from NéVetica?
The success rate in Multi-Level Marketing is extremely rare.
According to the Federal Trade Commission, 99% of people who join MLMs are more likely to incur losses than have any profits. (1)
This instance was elaborately discussed in Jon Taylor’s book, “Multi-Level Marketing Unmasked.”
It was further explained that MLMs fail to meet expectation because of two things—
Capitalization
They have to make monthly expenses such as membership fees or products to resell.
Have you heard of Garage Qualified? It is a special term used to describe MLM agents that purchase company products excessively.
Consultants need to do so to improve or maintain their personal volumes.
PVs are the main basis for advancements and the potential of earning a higher income.
Recruitment
Another basis for improvement in personal volume is through total group volume.
Improved total group volume is attained through sales made by your lower network.
The consultant has to create a large network in order for them to increase their team volumes as well.
In recruiting, the consultant may probably go to their friends, loved ones, or acquaintances first. However, it is still not a guarantee that the consultant could recruit all of them.
In some instances, it may even lead to annoyance and eventually resentment.
The challenging part may come after you’ve tried to recruit all the people you know. And then selling the business opportunity to strangers.
It’s especially hard for people with no sales experience. So as you can see, it is not for everybody.
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Is NéVetica a scam?
I don’t see any reason to believe that NéVetica is a pyramid scheme or scam.
Based on what I’ve gathered, I think they are a legitimate MLM business that specializes in pet essentials.
Although NéVetica is legitimate, I still don’t recommend them or any MLMs for that matter.
As emphasized earlier, the success rate is very slim, and the likelihood of losing money is much greater than earning any significant profits.
What I Don't Like About NéVetica
Success is recruitment-based
MLMs are more focused on selling their business opportunity than their actual products.
You have to take note that you have to constantly recruit new consultants under your network to reach or maintain a certain level.
This especially true if some of your networks become inactive or quit altogether.
No BBB credentials
For most people, the Better Business Bureau is their go-to rating website in checking the credibility of a business and its products.
Not having a profile with the BBB doesn’t immediately rule that a business is fraudulent in any way.
However, it may hugely impact the decision-making of potential investors.
Expensive membership fees and products
The cost of the basic membership fee and products are very high.
Because of this—I find it hard for anyone to maintain their status in the company, considering that there’s no assurance that the consultant would have recurring customers.
MLM products are usually a little expensive than regular brands. Thus, it may not be practical in buying their products over the cheaper ones.
What I Like About NéVetica
Unique product offering
It’s somehow refreshing to see a different MLM product.
Most MLMs you’ll find today are specializing in the health and wellness or personal care and beauty niche.
Final thoughts
I hope my NéVetica review has provided enough information to help you in your decision-making.
Although the business is legitimate, I don’t think that it’s a good investment.
As emphasized, the success rate is extremely low, and your chances of losing are much greater than succeeding.
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Thank you for taking time off and reading my NéVetica review.
Until next time!
Peace!
