Premier Designs

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Founded1985
HeadquartersIrving, Texas
Trust Score79/100
Views32

About Premier Designs

Premier Designs is a multi-level marketing (MLM) company based in Irving, Texas, that specializes in fine jewelry. Founded in 1985, it operates through independent distributors who sell products directly to consumers.

Their compensation plan includes retail profits, sponsor bonuses, and team commissions, but there are monthly purchase requirements to earn full commissions. With a BBB rating of B and a Trustpilot score of 2.8/5, Premier Designs has a moderate risk level, particularly due to the concentration of income among top earners.

While the jewelry itself is well-received, potential distributors should weigh the challenges of the MLM model before diving in. With a trust score of 79/100, it’s a mixed bag for those looking to join.

Pros and Cons

✓ Pros

  • Established company
    Premier Designs has been around since 1985, which shows some level of stability and experience in the market.
  • Variety of products
    They offer a range of fashionable jewelry, appealing to different tastes and styles.
  • Social aspect
    Many reps enjoy the community and friendships built through hosting parties and events.
  • Incentive trips
    They provide opportunities for reps to earn trips, which can be a fun perk for high achievers.
  • Flexible work hours
    You can set your own schedule, making it easier to work around personal commitments.

✗ Cons

  • High top earner concentration
    The income disclosure shows most earnings go to a small percentage of top earners, making it tough for average sellers.
  • Monthly purchase requirements
    To earn full commissions, you must meet monthly purchase quotas, which can pressure you to spend money.
  • Mixed customer reviews
    With a Trustpilot rating of 2.8/5, many customers have had issues, which could reflect on your sales.
  • Limited income potential
    The Unilevel plan may not provide as much financial growth as other compensation structures in MLMs.
  • B BBB rating
    A B rating can indicate unresolved customer complaints or issues, which is a red flag for potential reps.
Verdict: Premier Designs has some appealing aspects, like its community and established reputation, but the income potential is concerning due to the concentration of earnings among top reps and the monthly purchase requirements. If you’re looking for a reliable income source, it might be worth exploring other options.

Best for: This could be a good fit for someone who enjoys social selling and isn’t overly concerned about income potential. If you prefer a stable income and lower risks, you might want to steer clear.

Risk Analysis

Premier Designs presents moderate risks, primarily due to income concentration among top earners and mandatory monthly purchases for full commissions. While there are positive aspects, potential recruits should proceed with caution.

Key Concerns

  • Top earner concentration in income disclosure high
    The income disclosure shows that a significant portion of earnings goes to a small percentage of participants.
  • Monthly purchase requirements for full commissions moderate
    Participants must make monthly purchases to qualify for full commissions, which can lead to unnecessary expenses.

Positive Indicators

  • Established company with a long history
    Founded in 1985, indicating stability and experience in the MLM market.
  • B BBB Rating
    A B rating from the Better Business Bureau suggests a decent level of customer service and complaint resolution.
Consumer Advice: If you're considering joining Premier Designs, be sure to read the fine print about commission structures and required purchases. It’s wise to talk to current members about their experiences and income potential before committing.

Frequently Asked Questions About Premier Designs

Is Premier Designs a legitimate MLM company?

Yes, Premier Designs is a legitimate MLM company founded in 1985. They operate out of Irving, Texas, and have a BBB rating of B. However, it’s always smart to do your own research before jumping in.

What products does Premier Designs sell?

Premier Designs primarily sells jewelry, including necklaces, bracelets, and earrings. They focus on trendy and affordable pieces, and their catalog changes seasonally to keep up with fashion.

How much can you make with Premier Designs?

Earnings can vary widely in Premier Designs. While they don’t publish specific income figures, the income disclosure suggests that a small percentage of stylists earn significant income, and many earn less than $1,000 annually. It’s crucial to consider the monthly purchase requirements for higher commissions.

What are the complaints about Premier Designs?

Common complaints about Premier Designs include pressure to make monthly purchases to qualify for commissions and the difficulty of making consistent sales. The Trustpilot rating is only 2.8 out of 5, which indicates some dissatisfaction among former and current stylists.

What is the compensation plan for Premier Designs?

Premier Designs uses a unilevel compensation plan. Stylists earn income through retail profits, sponsor bonuses, team commissions, and leadership bonuses. There are several ranks, starting from Stylist up to Senior Director, and each rank comes with its own perks.

What does it cost to join Premier Designs?

Joining Premier Designs typically requires an initial investment for a starter kit, which can range around $199. There are also monthly purchase requirements to maintain your commission eligibility. Be sure to check the latest details on their website.

What is Premier Designs' BBB rating?

Premier Designs has a BBB rating of B. This rating indicates they’ve had some complaints but have generally responded and resolved issues, which is a good sign for potential new stylists.

Are there alternatives to Premier Designs?

Yes, there are several alternatives to Premier Designs, such as Stella & Dot, Paparazzi Accessories, and Avon. Each has its own unique products and compensation structure, so it’s worth comparing them to see which fits your goals.

Is Premier Designs worth joining?

Whether Premier Designs is worth joining depends on your goals and approach. If you love jewelry and are comfortable with the sales model, it might be a good fit. Just keep in mind the risk factors, like the income concentration among top earners.

Compensation Plan

Plan Type

This is a Unilevel plan. Basically, it means you earn money based on your direct sales and the sales of people you recruit directly under you.

How Earnings Work

  • Retail Profit: You buy jewelry at a wholesale price and sell it at a retail price. The difference is your profit.
  • Sponsor Bonus: When you recruit someone and they make sales, you earn a bonus based on their sales.
  • Team Commission: You can earn a percentage of the sales from your entire team, not just your direct recruits.
  • Leadership Bonus: If you reach certain ranks, you can earn additional bonuses based on your team's performance.
  • Incentive Trip: If you meet specific sales goals, you can qualify for trips or other rewards.

Qualification Requirements

  • You need to make a minimum monthly purchase to qualify for full commissions.
  • As you advance in rank, there are more requirements you need to meet.

Trust Score

79
/ 100
Moderate Risk
Flags & Notes
  • Income disclosure shows top earner concentration
  • Monthly purchase requirements apply for full commissions
  • Top earner concentration in income disclosure
  • Monthly purchase requirements for full commissions

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