In this post, I will show you complete information about Velovita company.
In this Velovita Company review, you will know about,
- About Velovita Company
- Products of the company
- Compensation Plan
- Joining fees
- and, many more
So, Let’s get started.
What Is VeloVita Company?
VeloVita is a Multi-level Marketing company that deals with nutritional supplements. Basically, VeloVita sells one type of smart Drug to Boost Brain Performance.
VeloVita claims to enrich the education, inspiration, and life of individual users. The company continues to combine technology and tradition for the betterment of the people.
Velovita company is located in Miami, Florida. Kosta Gara is the founder and CEO of VeloVita and Jeff Mac is the president and co-founder of Velovita. Now, Velovita is operating its business in various countries in North America and Europe, and in Japan.
|Founder||Kosta Gara and Jeff Ma|
|Products||Nutritional Supplements (Bran, Zlem, Uuth, Plos)|
|Head Office||Miami, Florida|
|Email Id||[email protected]|
Mission and Vission of the Company
Mission: Providing an ecosystem of inspiration, education, and life prosperity. Velovita has a focus on the individual alone to enhance their daily performance both mentally and physically.
Vission: Velovita envisions a global movement of people to realize their greatest potential by providing an environment where technology and tradition come together to create a platform for the betterment of all.
The main focus of Velovita Company is manufacturing Health and Wellness products. According to the company’s website and manufacturer, this product is intended to provide the body’s central control and provides an instant boost to the Brain.
There are 4 main types of products that Velovita has to purchase.
- Bran – Redesigned at $69.95. “It’s a nanotechnology that boosts your brain instantly,” Velovita said. It is available in three flavors: Caramel Macchiato, Chocolate Sea Salt, and Lemon Drop.
- Zlem – Sleepy and slim for $79.95. According to the company, it contains ingredients that affect your body’s regeneration, recovery, and optimization and provide better sleep.
- Uuth – Time Reverser for $99.95. According to the company, it is a premium jelly to help you look youthful. It is available in super berry flavor.
- Plos – is a “milk-free” coffee creamer with thermogenic properties that help you lose weight. It’s the only product you can’t hold in your mouth. The cost for 1 box of 25 Snaps of Plos is $ 99.95.
How to Join VeloVita
To join the Velovita company and work as Direct Seller, Affiliates must pay membership fees of $49.95 per month. In addition, they need to buy Bran Boxes to get a level.
- Advocate: Buy 1 box of bran
- Promoter: Buy 6 boxes of bran
- Influential: Buy 12 boxes of bran
- Ambassador: Buy 25 boxes of bran
For the influential ad Ambassador level affiliates, Company waived the First Year Annual Fees.
VeloVita Affiliate Ranks
Velovita Company has 6 types of Affiliates Rank under its Compensation plan. Here is the table of requirements for each position of rank.
|Affiliate||Sign up with VeloVita||MLM commissions|
|Star||Recruit 2 MLM commission affiliates||10 residual commission cycles per week|
|All Star||Recruit 4 MLM commission affiliates with one Star or higher affiliate on sides of the binary team||50 residual commission cycles per week|
|Rock Star||Maintain 4 personally recruited affiliates with one Star or higher affiliate on sides of the binary team||50 residual commission cycles per week|
|Super Star||Maintain 4 personally recruited affiliates with 4 Star or higher affiliates on sides of the binary team||150 residual commission cycles per week|
|V Star||Maintain 4 personally recruited affiliates with 4 Rock Star or higher affiliates on sides of the binary team||500 residual commission cycles per week|
Note: To get MLM commission one must hire 2 associates and retain 3 retail customers.
VeloVita Compensation Plan
According to the Velovita Compensation Plan, there are 7 ways to earn money from the company.
- Retail Commission
- Referral Commission
- Residual Commissions
- Matching Bonus
- Lifestyle Bonus
- Quarterly Partnership Bonus
- 5 Year Retirement Bonus
1. Retail Commission
Retail commission or Retail Income is when an Associate buy the product from the company at the Distributer price and sells it at MRP Price. The difference between the price is the Profit of the Associate.
2. Referral Commission
Basically, Referral commissions are paid in bran boxes purchased, basically, when You personally recruited new affiliates.
- Advocates level Associate will receive a 10% referral commission.
- Promoters level Associate will receive a 10% referral commission.
- Influential level Associates will receive a 15% referral commission.
- Ambassadors level Associate will receive a 20% referral commission.
3. Residual Commissions
To pay the residual commission, VeloVita follows a binary compensation structure which is one of the Best MLM plans.
The remaining commissions are paid per cycle. When the 200 GV sales on the weaker side match the 400 GV on the strong side, it means when it follows a 1:2 ratio, A commission paying cycle will create. The company Pays $30 per cycle. Weekly residual commissions are limited based on rank.
Here is the chart of commissions that can be earned weekly from the company.
|1.||Star||$6000 for 200 cycles|
|2.||All Star||$12,000 for 400 cycles|
|3.||Rock Star||$27,000 for 900 cycles|
|4.||Super Star||$54,000 for 1800 cycles|
|5.||V Star||$1,20,000 for 4000 cycles|
4. Matching Bonus
The matching bonus is paid to the remaining commission through a uni-level compensation structure. In this income, the company will pay a commission from 5% to 9%. By the way, the company has also set a cap on seven levels of recruitment.
|Rank||Level 1||Level 2||Level 3||Level 4||Level 5||Level 6||Level 7|
5. Lifestyle Bonus
Lifestyle bonuses are given weekly to star and high-ranking associates.
6. Quarterly Partnership Bonus
In Quarterly partnership income, Company will give the 1% of the company’s turnover to the eligible Associate in the quarterly share bonus pool.
The V-Star ranked affiliate acquires an equal share in the pool and is paid quarterly.
7. 5 Year Retirement Bonus
5-year retirement bonus income, the rank-based requirement, and Annual fees are put away if the MLM Commission qualification is maintained for five consecutive years as part of the 5-year retirement bonus.
Is Velovita A Scam?
Not technically, Velovita is not a Scam. You can make money with this program, but it is certainly not as easy as the company makes it sound. There is a lot of work to be done in advance, there is no real guarantee of success. John M Taylor says researched that the Network Marketing Success rate is only 0.04%.
And, most importantly the commissions are quite small. if you grind it for 3 months and then your reward is a $ 50 commission, it’s not really worth it.
Are VeloVita Products Safe?
As we already know, Velovita is a USA Based MLM Company. VeloVita Companyclaimed all of its Products are GMP and NSF certified without any side effects. The products contain mainly various berry and root extracts, caffeine, multivitamin-multimineral, and some synthetic substances as well as other herbs like horse odor.
By the way, It’s also to say, that Velovita company’s products are too expensive like other MLM companies.
VeloVita Pros and Cons
- VeloVita Company is an established company that is working successfully Globally.
- The company has a huge money-making industry
- The company has a good management team with leadership experience.
- The products look good based on third-party reviews.
- Some products have a unique delivery method.
- The company has not provided any Phone Number for Support which is a big concern.
- MLM is frowned upon by many people.
To sum up, Velovita is USA Based Nutritional Product selling MLM Company providing 7 types of income. So, I hope you find complete information about Velovita Company and Velovita Compensation Plan in this article.
Now, I’d like to know from you:
According to you, How is the compensation plan of the company?
Let me know in the comment Right Now.
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I am Somraj Mondal. I am a College Student, Blogger, Networker, and Finding Ways To Make Money as a Student. I love to Explore new things and giving solutions to Problem which Problems People can faces. also, a Passionate Runner.