Company Name: My Club8
Do I Recommend My Club8?
While you can make money with My Club8, it isn’t an option that I recommend. Even with the simpler compensation plan, you have to promote the products to a local audience – and honestly, most people won’t be interested. If you are passionate about hemp products, affiliate marketing would be a better choice. That way, you would be able to target the people who are passionate about the products and you could pick ones that are truly competitive.
What Products Does My Club8 Sell?
My Club8 is a fairly new MLM on the scene and had its prelaunch earlier in 2017. The emphasis is on industrial hemp. This is sourced from non-psychoactive versions of the hemp plant. Basically, there is the chance to get some health benefits from the hemp plant, without any high or legal concerns.
Of course, it isn’t clear how many benefits there actually are and some of the proposed advantages of marijuana may come from compounds that aren’t present in industrial hemp. Even with that limitation, there are many people interested in this type of product. For them, My Club8 could be a powerful choice.
As for products, My Club8 currently offers 35 items. Some are just packages or size variations but there is a decent number of individual products as well.
Their most heavily promoted product is NanoDrops, which are considered a ‘beverage enhancer’. For $99.95 you can buy six bottles, which are each 63 ml (2.1 fl oz).
These seem to be just a way to get the nutrients that industrial hemp offers. The company claims that this provides anti-inflammatory, antioxidant and neuroprotective benefits. Of course, the science isn’t in yet, so the whole concept is debatable.
One challenge is that no one is really going to know. The proposed benefits are difficult or impossible for people to detect. So, you’re basically paying $100 for something that may do absolutely nothing.
It is entirely possible that there are benefits, of course. People who are already passionate about industrial hemp or cannabis may be willing to give the product a try, despite the lack of evidence. This means the advantage of the products are going to heavily depend on who you are selling to.
Honestly, I can’t imagine regular customers being convinced about the benefits of this water enhancer, especially as the packaging isn’t that impressive.
There are also other items that follow similar concepts. For example, there are three NanoMists. These are labeled as Calm, Brain and Discomfort and are designed to offer support in those areas.
Once again, the main component is the hemp. The products also contain a selection of herbs that are related to the general concept of each spray. As with the drops, the benefits are debatable. The company doesn’t offer any proof about the science behind the formulations. Instead, they just rely on the general hype that surrounds hemp.
One other product area to mention is the CannaCeuticals product line. This includes seven products that are meant to be used together to reduce wrinkles. The pricing is $299, so it isn’t an inexpensive set. But, the price isn’t uncommon for skincare and some people may be willing to pay it. The items can be purchased individually as well.
There isn’t enough information to know whether the products actually work or not. The company does offer one before and after image that shows some differences but that’s mostly meaningless. I’d be more interested in seeing results from actual users.
Besides that, the image is a bit suspect. Yes, you can see some results if you look closely. But, what are the odds that the person managed the exact same hair, expression and pose in the before and after shot? Seems fake to me.
In some ways, the skincare is the most appealing product line from the company. Even if the hemp itself didn’t offer many advantages, customers are getting skincare products. That seems more appealing than a spray or beverage drops that could do nothing at all.
As you can tell, I’m not convinced about the products. There is simply too much hype and no proof to speak of. My Club8 isn’t the only company in this field either. Another is Kannaway, which has a similar emphasis.
But, there is a market for hemp-based items and some people do find them interesting. So, if you like the idea or know people that do, this company could still be worth it.
Is My Club8 A Good Business Opportunity?
My Club8 has been finding its feet somewhat as a way to make money. The early versions of the site offered very little information about what My Club8 sold or how it was meant to work.
Initially, My Club8 operated through a unilevel compensation plan. This style is fairly common and creates a basic pyramid-like structure. With this system, people you recruit become your first level, the people they recruit become the second level and so on.
With My Club8, members could earn down through five levels initially. This limitation could be increased by progressing through ranks, getting up to 100 levels. That’s just theory of course, most people wouldn’t get anywhere close to 100 levels of recruits.
The odd thing was that commissions didn’t really come from sales. Instead, they were associated with affiliate fees instead. That style is problematic and goes against the rules and regulations that surround MLMs. Without products being sold directly, the company would be considered a pyramid scheme, pure and simple.
But, as you can see from the previous section – MyClub8 does have retail products now. They’ve also shifted up their compensation plan to account for this, which has created a very different approach to payment.
Now, you earn a flat 20% commissions from sales that you make. This includes sales to anyone that you personally recruited to the company. You can then earn 5% on the second and third level, 3% on the fourth and 4% on the fifth.
And, that’s it – for now at least.
This makes for an incredibly simple compensation plan, one that doesn’t offer many bonuses or other advantages. The company does say they might add on more levels and rewards as they go along but it’s not clear if or when that will occur.
From the outside perspective, it looks like MyClub 8 had a detailed and complex compensation plan that they were pretty excited about. Then it became clear that the plan wasn’t actually legal, so they had to change it quickly.
The end result is the rudimentary five-level plan that they have in place.
Implications Of The Current Plan
The simple nature of the compensation plan does offer some advantages. For one thing, distributors seem to have access to all of the levels from the beginning. This means you don’t have to progress through ranks to be able to earn from the third, fourth and fifth generations.
In contrast, the rank systems most companies use require you to meet certain criteria. Those can include the amount of sales in your team, along with a specific structure.
This also means that there are fewer ongoing costs and requirements. For example, having to meet monthly sales targets is often tough, especially if some people in your team aren’t that good at making sales. There’s also no pressure to buy products yourself to meet those targets, which may save you money.
For that matter, My Club8 is free to join and there doesn’t seem to be any significant ongoing costs.
Being able to skip the whole rank-based system is extremely appealing. Doing so makes the company much less complicated overall and should (theoretically) make success easier to find. This also means you don’t have to structure your team a specific way and you don’t need to make sure that different legs perform as well as each other.
The flipside is that the income potential is lower as well. For one thing, you’re just getting 20% commission. That’s still higher than you would get from many affiliate programs and isn’t a horrible number. But, many other MLMs will offer you around 25% or 30% commission instead.
The current structure also means that there are no significant bonuses. In contrast, other companies often have financial incentives for hitting new ranks and for matching success across parts of your team.
In the end, My Club8 ends up having less potential than most other MLMs but less risk as well. This actually makes it a fairly good choice, as long as you can sell the products.
One final thing to note – My Club8 has already made one dramatic change and it could easily do so again. The company is still pretty new after all. For that matter, it’s too soon to know whether it will be successful in the long-term. As such, there’s no way of knowing what the compensation plan or income potential will look like in even a few months’ time.
My Club 8 Versus Other Options
I do like the simplicity of the current My Club8 plan. You end up with a lower emphasis on team building and the chance to focus more heavily on product sales instead.
Whether it’s worth it comes down to one main area – your audience. After all, My Club8 is a direct marketing company and you’re mostly selling to people who you know personally. This means it’ll only be viable if you know enough people who are interested in the products. Is that the case for you?
The items from My Club8 are all focused on hemp oil. For some, these products could be very exciting. There aren’t that many companies that focus exclusively on hemp oil products either, so you do have a slight advantage. If your audience is interested in the area, then My Club8 could be a viable choice. And, with few costs, the risk is low.
On the other hand, if most people you know aren’t interested in hemp, sales could be few and far between. If that’s the case, the amount of work might not be worth it.
Having to target a local audience is a limitation of any MLM. Some will let you sell online as well but the main focus is always on local sales.
For me personally, having to sell locally is a serious problem. I don’t want to have to promote products to my friends and family. There are already many companies out there that do this and people are getting sick of being constantly pitched to.
Why promote in-person anyway? We have access to a much more powerful tool, the internet. By being online, we can promote to a much larger audience and actually target people who are interested in the products at hand.
For example, there are many affiliate programs that allow you to earn a commission from sales. The rates vary considerably but you’re often looking at 5% to 20% commission, depending on where you choose. The income potential may seem lower but you have access to a wider audience, which more than makes up for it.
Another benefit is that you can choose what you promote. So, you can focus on products that people are passionate about and actively search for. That’s much more powerful than trying to convince people that a particular product line is what they need.
The current plan for My Club8 is simpler than most and does have some benefits. So, if you’re interested in the products, it could be an interesting idea. Just be aware that you will need to promote to a local audience and people won’t always be receptive.
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