Savvi (formerly Honey & Lace) Review - Fashion & Accessories MLM

Founded2020

HeadquartersLindon, Utah, USA

Trust Score80/100

About Savvi (formerly Honey & Lace)

Savvi (formerly Honey & Lace) is a fashion and accessories MLM company founded in 2020 and based in Lindon, Utah.

They offer a range of athleisure and lifestyle clothing through independent distributors, allowing them to earn commissions on personal sales and team development.

With a trust score of 80/100, Savvi (formerly Honey & Lace) seems to have a solid reputation, providing distributors with training resources and a multi-level compensation plan.

Pros and Cons

✓ Pros

Flexible business model
Savvi allows you to work from home and set your own hours, which is great for those who need flexibility.
Variety of products
They offer a wide range of apparel, which can appeal to a broad audience and help with sales.
Strong community support
Savvi emphasizes community, providing training and resources to help distributors succeed.
Good compensation plan
The multi-level compensation plan rewards both personal sales and team efforts, giving you multiple ways to earn.

✗ Cons

High competition
The MLM space is crowded, especially in fashion, which can make it hard to stand out and make sales.
Income potential varies widely
Like many MLMs, most distributors earn little to no profit, with actual income depending heavily on effort and skills.
Pressure to recruit
Success often relies on recruiting others, which can feel uncomfortable for those who aren't sales-oriented.
Initial investment required
Distributors need to buy inventory upfront, which can be a financial risk if products don’t sell.

Verdict: Savvi has some solid aspects like flexibility and community support, but the competitive landscape and income variability are big red flags. If you're comfortable with risk and recruiting, it might be worth a look, but it’s not for everyone.

Best for: This could be a fit for someone who thrives in a social environment and is okay with the ups and downs of sales. If you're not into selling or recruiting, it might be best to steer clear.

Risk Analysis

Savvi, formerly Honey & Lace, has a low risk profile with a solid compensation plan focused on retail profits and team development. While there are concerns typical of MLMs, the overall trust score and business model suggest a relatively safe environment for potential distributors.

Positive Indicators

Solid Compensation Plan
Offers multiple income streams including retail profits and bonuses for team development.
Trust Score
Trust score of 80/100 indicates positive reputation among users.

Consumer Advice: If you're considering joining Savvi, check how the products resonate with your potential customer base. Be cautious about how much you invest upfront and make sure you understand the compensation plan fully before diving in.

Frequently Asked Questions About Savvi (formerly Honey & Lace)

Is Savvi (formerly Honey & Lace) a legitimate MLM company?

Yes, Savvi (formerly Honey & Lace) is a legitimate MLM company. They were founded in 2020 and are based in Lindon, Utah. With a trust score of 80/100, they seem to have a solid reputation.

What products does Savvi (formerly Honey & Lace) sell?

Savvi (formerly Honey & Lace) offers a range of women's clothing, including dresses, tops, and accessories. Their products focus on comfort and style, appealing to a broad audience.

How much can you make with Savvi (formerly Honey & Lace)?

Earnings with Savvi (formerly Honey & Lace) can vary greatly. Distributors can earn a retail profit of 20-40% on sales, along with bonuses from personal volume and team commissions. However, individual results depend on sales efforts and team performance.

Are there complaints about Savvi (formerly Honey & Lace)?

Some distributors have raised concerns about the pressure to recruit and the challenges of finding customers. While many enjoy the community aspect, it's not without its hurdles.

What is the compensation plan for Savvi (formerly Honey & Lace)?

Savvi (formerly Honey & Lace) has a multi-level compensation plan. It includes retail profits, personal volume bonuses, team commissions, and leadership bonuses, rewarding both personal sales and team growth.

How much does it cost to join Savvi (formerly Honey & Lace)?

Joining Savvi (formerly Honey & Lace) typically involves purchasing a starter kit, which may range from $99 to $199 depending on the package. This cost gets you products and tools to kickstart your journey.

What is Savvi (formerly Honey & Lace)'s BBB rating?

Savvi (formerly Honey & Lace) currently has an A+ rating with the Better Business Bureau. This suggests they handle customer complaints effectively and maintain a good relationship with their distributors.

Are there alternatives to Savvi (formerly Honey & Lace)?

Yes, there are several alternatives in the MLM space, like Lularoe or Modere, which also offer clothing and wellness products. It's always good to compare products, compensation plans, and community vibes before choosing.

Compensation Plan

Plan Type

This is a hybrid compensation plan. In simple terms, that means you can earn money not just from selling products yourself but also by helping others in your team sell products.

How Earnings Work

Retail Profit (20-40%): You earn a percentage of the sales you make directly to customers. So, if you sell a shirt for $50 and your profit is 30%, you keep $15.
Personal Volume Bonus: Each month, if you hit a certain sales target, you get an extra bonus based on how much you sell personally.
Team Commission: When your team sells products, you get a cut of those sales. This can go up to multiple levels, meaning you can earn from your recruits and their recruits.
Leadership Bonus: If you reach a leadership rank and maintain it, you'll get extra bonuses on top of your regular earnings.
Fast Start Bonus: When you bring in new distributors, there’s a one-time bonus if they meet their initial sales goals.

Requirements

You need to make a minimum amount in sales each month to qualify for bonuses.
Climbing the ranks (like Consultant to Manager) requires hitting certain sales and team-building targets.