Trades of Hope Review - Fashion & Accessories MLM | Trust Score & Ratings

Founded2010

HeadquartersJupiter, Florida

Trust Score80/100

About Trades of Hope

Trades of Hope is a direct sales social enterprise founded in 2010 and based in Jupiter, Florida. They empower women in developing countries by connecting them to markets for their handcrafted products.

The product lineup includes jewelry, accessories, and home goods, all ethically sourced from female artisans in over 20 countries. By using a network marketing model, Trades of Hope offers a compensation plan that includes a 25-30% sales commission and team overrides.

With a trust score of 80/100 and a focus on fair trade, Trades of Hope stands out for its charitable mission. While they operate under the MLM model, their low risk level and legitimate social enterprise goals make them a solid choice for those interested in ethical business.

Pros and Cons

✓ Pros

Fair Trade Mission
Trades of Hope focuses on fair trade, benefiting artisans in developing countries.
Good Commission Structure
They offer a decent commission of 25-30%, which is competitive for the MLM industry.
Community Impact
The company emphasizes social responsibility, which can be appealing to those wanting to make a difference.
Low Risk Level
With a low risk level, it seems safer than many other MLMs, making it a more stable choice.
Artisan Community Bonuses
You can earn bonuses by supporting artisan communities, adding a unique incentive to the business model.

✗ Cons

No BBB Rating
Not having a BBB rating can be a red flag when considering trustworthiness.
Potentially Limited Market
The niche focus on fair trade might limit your audience compared to broader product lines.
Team Overrides May Be Low
The team override commission of 3-8% isn't as high as some competitors, which might affect team-building incentives.
Direct Selling Model Risks
Like any MLM, there's a risk of financial loss if you can't sell enough products or recruit effectively.

Verdict: Trades of Hope has a solid social mission and fair compensation for its reps, making it an appealing choice for those passionate about fair trade. However, the lack of a BBB rating and potential market limitations are worth considering before jumping in.

Best for: This could be a good fit for someone who cares deeply about social impact and fair trade. If you're looking for quick earnings or a broad product range, you might want to think twice.

Risk Analysis

Trades of Hope operates with a fair trade mission, focusing on social impact through artisan communities. While it's a direct selling model, the overall risk level appears low due to its charitable emphasis and compensation structure.

Positive Indicators

Fair trade mission
The company's focus on fair trade and social enterprise indicates a commitment to ethical practices.
Compensation plan
Offers a commission structure of 25-30%, which can be appealing for salespeople.

Consumer Advice: If you're considering joining Trades of Hope, think about your comfort level with direct sales and your passion for fair trade. It's a low-risk opportunity, but success will depend on your ability to sell and grow your network.

Frequently Asked Questions About Trades of Hope

Is Trades of Hope a legitimate MLM company?

Yes, Trades of Hope is a legitimate MLM company. Founded in 2010, it operates as a fair trade social enterprise, focusing on empowering artisans around the world.

What products does Trades of Hope sell?

Trades of Hope sells a variety of handcrafted products, including jewelry, home decor, and accessories. All items are made by artisans, ensuring fair wages and ethical practices.

How much can you make with Trades of Hope?

You can earn a commission of 25-30% on your sales with Trades of Hope. Additionally, there's a team override of 3-8%, which means you can earn more as you build your team.

Are there any complaints about Trades of Hope?

While there are generally positive reviews, some people have raised concerns about the challenges of selling in a competitive market. It's always good to do your own research and see what others are saying.

What is the compensation plan for Trades of Hope?

Trades of Hope uses a unilevel compensation plan. You earn commissions on your sales, plus bonuses for team performance and impact bonuses for artisan communities.

How much does it cost to join Trades of Hope?

Joining Trades of Hope requires an initial investment of around $100 for a starter kit. This includes some products and materials to help you get started.

What is the BBB rating for Trades of Hope?

Trades of Hope doesn’t have a BBB rating, which means they haven't been rated or reviewed by the Better Business Bureau. However, their trust score is 80/100, indicating a good level of trust.

Is Trades of Hope worth joining?

If you’re passionate about fair trade and helping artisans, Trades of Hope could be worth considering. Just be aware of the challenges that come with direct selling and make sure it aligns with your goals.

What are some alternatives to Trades of Hope?

Some alternatives to Trades of Hope include other fair trade companies like Ten Thousand Villages and Global Goods Partners. Each has its own unique offerings and business model.

Compensation Plan

Plan Type

This is a Unilevel Plan. That means you earn money based on your own sales and the sales made by your team. Your team can grow wide, but there’s no limit to the number of people you can have on your level.

How Earnings Work

Retail Profit: You earn 25-30% commission on every product you sell directly to customers.
Team Override: You can earn an additional 3-8% on sales made by your team members. This means when they sell, you get a cut of their sales too!
Bonuses: You can earn extra bonuses for participating in fair trade mission trips and for helping artisan communities. These can add up, especially if you’re active in the community.

Requirements

You need to sell a minimum amount each month to qualify for commissions.
Building a team is encouraged, but there aren’t heavy recruitment quotas to hit.