People want their own online businesses for a variety of reasons, but one of the most common ones is so that they can take trips whenever they want. At the very least, we can hope for that, right? But what if rather than selling products, your company sold memberships to travel-related organizations? Wouldn’t it be amazing if you could enjoy all the benefits of traveling without having to pay the high costs associated with it? This is the crux of the WorldVentures experience. In this MLM review of WorldVentures, we’ll take a look at the various membership options that are available to customers to determine whether or not this opportunity is a good fit for you. Do not start packing just yet in my opinion.
What exactly is the MLM that World Ventures is?
In 2005, Wayne Nugent and Dan Stammen established the multi-level marketing company that would later be known as WorldVentures. The state of Texas is home to the company’s main office. The item in question is not a physical good. DreamTrips is the brand name under which the company markets and sells the various travel membership packages to consumers. Gold and Platinum are the two tiers of membership available. Depending on the type of membership, the various membership packages offer a variety of different benefits.
The unfortunate reality is that WorldVentures has been involved in a few legal disputes. They did the same thing a few years ago by filing for bankruptcy. However, it seems as though they are beginning to turn a corner.
Do WorldVentures’ Products Provide Value for the Money They Cost?
There are two different products available for purchase by members. There is also a Platinum Membership in addition to the Gold Membership. The price of a Gold Membership is currently $199.99, while the price of a Platinum Membership is currently $299.99
In addition, there is a monthly membership cost for clients that is $99 each month. The membership fee paid each month is transformed into DreamTrip Points, which can be applied toward the cost of travel in the future.
One point that should not be overlooked is this one. The price listed does not include airfare, and it is assumed that two people will share a room. Therefore, the price is actually higher for a customer who is going by themselves.
Members are not guaranteed any particular travel arrangements, upgrades, or facilities, as stated in the Terms and Conditions. Additionally, there is no allowance for airfare. Therefore, why do you feel the need to become a member?
Do you feel that the memberships are a good value for the money? No. Why? Customers who purchase these memberships are required to wait at least a year before they are able to book travel using their TravelPoints. This is the first requirement. In addition, they need a certain number of TravelPoints in order to be eligible for trip packages. And perhaps most importantly, there is no allowance for airfare. That is typically the portion of any travel schedule that costs the most money.
Evaluations of Products
It is quite difficult to locate someone who is willing to speak positively about their experiences as either a client or a representative of the company. Unfortunately, there are a lot of complaints coming from customers. According to the Better Business Bureau, there have been over 120 customers who have claimed that they were victims of fraud, that their membership was cancelled without them being notified, that they lost points as a result of their membership being cancelled, and other related issues.
The Opportunity Provided by WorldVentures
Becoming a representative for WorldVentures is not a particularly complicated process. You make your choice of membership and purchase it. After that, you will begin selling memberships. You may also purchase a Representative Business System that equips you with the necessary marketing tools to assist you in selling memberships. This system is available for purchase.
There are two sides to the chance. Customers can be converted into representatives of your business by offering them memberships to sell. These representatives can then sell memberships themselves and join your downline.
What are the fees involved in becoming a member of WorldVentures?
There are two different categories of memberships open to representatives to choose from. However, the amount of money that it will cost you will be quite significant.
The price of a Gold+ membership is $999.99, while a Platinum+ membership costs $1,299.99 a year. Both organizations charge a membership fee of $24.99 each month.
In addition, new representatives have the option of purchasing the lower-tier Gold ($199.99) and Platinum ($299.99) memberships, which are also offered to customers.
In addition, for the price of $49.98, you can purchase the Representative Business System, which provides you with sales and marketing tools, as well as customer assistance and the Business Back Office. This would be comparable to a beginning kit from their perspective.
Is There a Way to Generate an Income Using WorldVentures?
The item in question has a very high price tag and would only be attractive to a very specific demographic of customers. My study has shown that there are no legitimate commissions available here. Instead, representatives are eligible for bonuses.
Sell memberships to a minimum of four (4) different customers and earn at least 1,600 worth of Lineage Sales Volume in a single calendar month to qualify for the Tier 1 Bonus of $200.
Sell memberships to a minimum of five (5) different clients and produce at least 4,000 Lineage Sales Volume in a single calendar month to qualify for the Tier 2 bonus of $500.
Sell memberships to a total of six (6) customers as a sponsor and create at least $10,000 in Lineage Sales Volume in a single calendar month to qualify for the Tier 3 Bonus of $1,000.
After this point, things start to become a little more chaotic. In order to be eligible for weekly team bonuses, you need to have at least four (4) client sales within a given month and be at the qualified rank or higher. When your Binary Tree finishes a “cycle,” you will be eligible to receive the benefits. This equates to one and a half sales credits on both the left and the right sides of your tree. The maximum payout for the weekly bonus is $50. After that, there are monthly residual commissions as well as bonuses for completing a Double Cycle. All of this indicates that you need to have people working for you on your team.
Consider the price of the memberships, the monthly fees that customers are required to pay, as well as the number of sales that need to be made before you start earning any money.
Pros
WorldVentures gives its members the opportunity to participate in voluntourism, which allows them to give something back to the community they visit while also having a good time on vacation.
Your workweek can be as flexible as you need it to be because you can sell memberships whenever you have free time.
Travel Packages with Discounts: Members can take advantage of travel package discounts to destinations all over the world.
Restructuring of the Company: I’m not sure whether to file this under the category of good news or bad news, but the company emerged from bankruptcy in the year 2020. The assistance of Verona International Holdings will be utilized in the process of the company’s reorganization.
Cons
Airfare is not included, despite the fact that it is one of the most expensive components of any trip. Sadly, it is not included in any of the membership packages available to choose from.
Products That Come at a High Price: The typical person won’t have much luck affording one of these memberships. Especially when you consider the cost of the membership on a monthly basis.
No Commissions for Reps: Representatives are not eligible to collect any commissions or bonuses on membership packages that they purchase for themselves. This includes packages that provide a referral bonus.
Lawsuit It was alleged in May 2017 that WorldVentures salespeople were told that they “would make a fortune” in a class-action lawsuit that was launched in May 2017. The lawsuit claims that 99.7% of WorldVentures salespeople made an annual average net loss of more than $1,000 and only made an annual average profit of $140.
Cancellations: According to the Terms and Conditions of WorldVentures, they reserve the right to cancel a program at any moment. If a consumer had been accumulating points for a vacation, but the trip was canceled, the customer has no legal remedy.
Is WorldVentures a Hoax? [WorldVentures]
There are several warning signs pointing to potential danger with this one. The litigation and the bankruptcy are causing a particularly difficult situation. It’s possible that the business is legitimate, but there are a lot of red flags that make me want to steer clear of this offer.
A Few Parting Thoughts
It is going to be very difficult to sell travel memberships in this location due to the fact that they are quite pricey and will only appeal to a specific market. It’s possible that obtaining the incentives will be challenging as well.
