Trust Score73/100
Views36
About WakeUpNow
WakeUpNow was a multi-level marketing company based in Provo, Utah, founded in 2009 by Troy Muhlestein. It focused on selling health and financial management products and services.
Despite its ambitious goals, WakeUpNow faced significant challenges, ultimately ceasing U.S. operations on February 16, 2015. With a trust score of 73/100, the company's reputation was considered moderate, but many former distributors reported issues with the business model.
WakeUpNow's approach to network marketing attracted attention, yet the company struggled to maintain a stable business environment. If you're looking into MLM opportunities, it's worth being cautious about their past.
Pros and Cons
✓ Pros
- Affordable entry cost
Joining WakeUpNow typically requires a lower investment compared to many other MLMs, making it accessible for more people. - Diverse product offerings
They provide a range of products, from financial tools to travel discounts, which can attract different types of customers. - Strong community support
Members often report a tight-knit community that offers motivation and support, which can help new distributors feel less alone. - Focus on financial education
WakeUpNow emphasizes financial literacy, which can genuinely help members manage their money better.
✗ Cons
- Complicated compensation plan
Many new recruits find the pay structure complex and hard to understand, making it tough to see how to earn money. - High turnover rate
There’s a significant dropout rate among members, suggesting that many don't find lasting success or satisfaction. - Limited retail sales
Most income comes from recruiting rather than direct product sales, which can feel unsustainable in the long run. - Past legal challenges
WakeUpNow has faced scrutiny and legal issues, including a notable FTC investigation, which raises red flags for potential recruits.
Verdict: WakeUpNow has its perks, especially with the low entry cost and supportive community. However, the complicated pay structure and legal history might give anyone pause. If you’re looking for something straightforward and transparent, this might not be the best fit.
Best for: This could work well for someone who’s passionate about financial education and enjoys community support. But if you’re wary of MLMs or want a clear path to profit, you might want to steer clear.
Risk Analysis
WakeUpNow has a moderate risk profile, with some concerns about compensation structure and market saturation. However, there are positive indicators that may appeal to potential recruits.
Key Concerns
- Compensation structure potentially favors top sellers high
Many MLMs, including WakeUpNow, often pay out more to those at the top of the pyramid, making it hard for newcomers to earn significant income. - Market saturation and product demand issues moderate
As more people join, the market for their products becomes saturated, leading to less potential for new recruits to sell effectively.
Positive Indicators
- Diverse product offerings
WakeUpNow offers a range of products, which can attract different customer segments. - Established brand presence
With a Trust Score of 73/100, WakeUpNow shows some credibility in the market.
Consumer Advice: If you're considering joining WakeUpNow, be cautious. Understand how the compensation plan works and be prepared for the possibility that most people don’t earn significant income. Research their products and think about whether you can realistically sell them.
Frequently Asked Questions About WakeUpNow
Is WakeUpNow a legitimate MLM company?
Yes, WakeUpNow is a legitimate MLM company. Founded in 2011, it has a trust score of 73 out of 100, which suggests it's not a scam but does have some risks.
What products does WakeUpNow sell?
WakeUpNow offers a range of products, including financial wellness tools, travel discounts, and identity theft protection. Their focus is mainly on helping people save money and manage their finances.
How much can you make with WakeUpNow?
Income can vary widely in WakeUpNow, with some earning a few hundred dollars a month and others potentially making over $5,000. However, many members report that earnings depend heavily on recruitment and sales efforts.
What are the common complaints about WakeUpNow?
Common complaints about WakeUpNow often revolve around high startup costs and difficulties in making consistent income. Some members feel pressured to recruit others to succeed.
How does the compensation plan work for WakeUpNow?
WakeUpNow's compensation plan includes commissions on product sales and bonuses for recruiting new members. The structure incentivizes both sales and team building, but it's not always easy to navigate.
What is the cost to join WakeUpNow?
Joining WakeUpNow typically costs around $99 for the basic membership, along with monthly fees that can range from $50 to $100. This can add up, so it's good to be aware of ongoing costs.
What is WakeUpNow's BBB rating?
WakeUpNow has a rating of 'C' from the Better Business Bureau (BBB). This rating suggests that while the company is operational, there have been some complaints and issues that haven't been fully resolved.
Is WakeUpNow worth joining?
Whether WakeUpNow is worth joining really depends on your goals. If you're interested in financial tools and don’t mind the risks, it might be worth a look, but be cautious with the costs and the potential for income.
Are there alternatives to WakeUpNow?
Yes, there are several alternatives to WakeUpNow, including companies like Herbalife and Amway. Each has its own products and compensation structures, so it’s worth comparing them to see which fits your interests better.
Compensation Plan
Compensation Plan Overview
WakeUpNow operates in the wellness and personal finance niche, which often involves promoting products and services that help people save money and improve their lifestyles. While specific details about their compensation structure aren't readily available, we can look at common types of plans used in similar companies.
Common Compensation Structures
- Retail Commissions: Distributors typically earn a percentage of the sales they make directly to customers.
- Recruitment Bonuses: Many MLMs offer bonuses for bringing new members into the business.
- Residual Income: This can come from sales made by your recruits, often referred to as your "downline." You earn a percentage of their sales.
- Rank Advancement Bonuses: As you grow your business and team, you may qualify for additional bonuses when you reach certain ranks.
What to Look For
If you're considering becoming a distributor with WakeUpNow, here are some questions to ask:
- What percentage do I earn on retail sales?
- Are there any fees to join or maintain my status?
- How are commissions paid out? Weekly, monthly?
- Is there a cap on earnings, or can I earn unlimited income based on my performance?
- What support and training does the company offer to help me succeed?
Remember, always verify detailed compensation plan information directly with the company. It's crucial to understand how you're getting paid before diving in.
