What is Bocannaco? And Is Bocannaco a scam or legit business opportunity?
These are common questions when people talking about an mlm business.
Hello and welcome to our mlm home-based business opportunity Coffee Talk.
This review of Bocannaco is a discussion about Bocannaco business opportunity.
Many online critics accuse Bocannaco operating a pyramid scheme. They consider Bocannaco as a scam to avoid.
But, are there any facts to support this claim?
Yes, Bocannaco is an mlm opportunity. But this doesn’t mean, it’s a scam?
Many people interested in starting an mlm business from home because of the low startup costs.
We start a business to make money and live a life of financial freedom.
We don’t want to get involved with a scam, especially as a victim.
Before starting a business with Bocannaco, you need to know,
- What is the chance of making money with Bocannaco?
- How to join Bocannaco?
- What are the costs to start a Bocannaco business? And
- Is Bocannaco a scam or legit?
We will explore all these topics in this Bocannaco Review.
If you want to join Bocannaco, you must read this Bocannaco Review to understand the risks and rewards of this mlm opportunity.
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Bocannaco Review Summary
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What Is Bocannaco?
Bocannaco is an mlm company established by John Daniels and Dr. Lawrence in 2018 to distribute and sell CBD products.
John Daniels has extensive experience in the network marketing business and was the top earner with A.L. Williams and Excel Telecommunications.
The company Cofounder Mike and Barbara Lammons are also no stranger to the mlm industry.
The Lammons have more than 25 years of networking marketing experience.
The Bocannaco annual estimated revenue is less than $1 Million dollars in 2018.
The company offers CBD products through an mlm network across the United States.
This company is in operation for less than a year at the time of this Bocannaco Review.
There’s no financial information available on Bocannaco, including the income disclosure statement.
As a startup mlm, this business opportunity is considered as a high-risk investment.
It’s not uncommon for a new mlm company to go out of business within the first few years.
If you are looking to join Bocannaco, you must ask for a copy of the income disclosure statement. This document provides important earnings information to help evaluate the profits of Bocannaco business.
Before joining Bocannaco, you must carefully evaluate and compare this mlm opportunity with other home-based business options.
You can use My #1 Business Opportunity to make a comparison.
How to Join Bocannaco?
You need a sponsor to join Bocannaco as a Distributor.
You can find a sponsor by searching online or contact Bocannaco corporate and request a meeting with a local Bocannaco Distributor.
Your sponsor is responsible to assist you with completing the registration process to join Bocannaco.
But, before you can earn, you must be an active and qualified Bocannaco Distributor. We’ll discuss the qualifications in the compensation section of this Bocannaco review.
How Much Does It Cost To Join Bocannaco?
The annual fee to join Bocannaco is $99.
The membership fee covers the cost of your own Bocannaco website, marketing tools, and training material.
Besides the costs to join, there are expenses to operate your Bocannaco business.
A major expense is the Qualification Expense.
To build a business and earn residual incomes with Bocannaco, you must be active and met a minimum monthly personal purchases/sales requirement.
A Qualified Promoter is required to generate from 1 to 5 personal purchases/sales each month based on the level of the commission.
Every Bocannaco Promoter must maintain this monthly purchases/sales volume to stay in business.
This expense is known as, “Pay and Play!” If you want to earn, you have to pay.
Any Promoter that fails to meet the monthly Qualification is considered “Inactive.”
Inactive Distributors are not allowed to participate in receiving commissions.
To become a successful Bocannaco Promoter, you must invest time to build up the business.
The time investment is a business expense that most home-based business owners don’t add into their monthly budget.
Building a Bocannaco business requires between 50 hours to 80 hours per week.
This is a full-time business, not part-time. You cannot build a successful mlm business working part-time.
If you spend 50 hours per week with the business, and the minimum wage is $8.00 per hours, your business expense is $400 a week, $1,600 per month.
Your time investment might be more. I just want to show you that the real investments to launch a Bocannaco mlm business is more than the initial $99 registration fee.
The monthly Qualification Expense is the biggest expense for you as a Bocannaco Distributor.
This expense can destroy the chance of making a profit because if you cannot resell the products, it becomes a business loss.
With other business opportunities, such as Affiliate Marketing, a commission is paid for every sale, no personal purchase required.
Do you know why Bocannaco has a monthly Qualification requirement?
Well, to sell products and to avoid being classified as a pyramid scheme under the FTC guideline. (Check our MLM vs Affiliate Marketing for the discussion on the FTC MLM Guideline.)
Bocannaco Compensation Plan
The Bocannaco compensation plan is simple compared to other mlm opportunities.
According to Bocannaco, Distributors have 3 ways to earn.
But this is an mlm, and we know there are only two real options to make money with mlm opportunity: sell products and/or recruiting others to join Bocannaco.
I’ll provide you a quick overview of the Bocannaco compensation plan. You download a copy for more detail.
Make Money Selling Products
Distributors have the option to purchase products at 15% discount prices and retail for profits or sell products directly from their personal Bocannaco website.
This sounds simple, right?
I performed a simple product search online and found a bottle of Full Spectrum CBD Hemp Oils 1000mg selling for $9.00 with free shipping.
Bocannaco offers the same CBD product with a suggested retail price of $99.00.
Will the market pay this premium price for Bocannaco CBD products?
It will be a challenge for you to make money selling Bocannaco CBD products on the market.
Because of this, most Distributors become the consumers of the mlm company products.
Incomes From Recruiting Others
Bocannaco offers Distributors two options to earn from recruits: First Sale Bonus (FS) and Organization Residual.
The FS bonus is earned when new Distributors placed an order.
FS bonus range from $3 to $20 based on the level in your organization.
But, to receive the FS bonus, you must be active and qualified. This means you have to generate from 1 to 5 orders to receive this bonus.
This is the trick with every mlm opportunity. It’s easy for you to earn, but it’s not easy to receive the bonus.
The Organization Residual commission is earned when your downline places an order with Bocannaco.
You earned a commission between 3% to 10%, depending on the level, up to 7 levels.
However, to receive the Organization Residual commission, you have to personally generate 1 to 5 monthly orders.
As you can see, earning commission sounds easy under the Bocannaco compensation plan.
But, to receive the money you have earned, it’s not easy. You must be active and qualified.
Under the mlm business model, earning commission means one thing and receiving commission is another.
Therefore, it’s not important to know in detail all the earning options, because they are just potential income.
When evaluating an mlm opportunity, the most important financial information is actual income.
Actual income is the information that tells us how much Distributors take home.
Can You Make Money With Bocannaco?
The answer to this question can be found in the Bocannaco income disclosure statement, not the compensation plan.
But, Bocannaco doesn’t publish the income disclosure statement.
What can you do?
You can request for a copy when joining Bocannaco.
Under the law, the company must provide new Distributors with a copy of the income disclosure statement together with the compensation plan.
Remember to ask for your copy.
Here’s why you need this financial document?
- The Bocannaco compensation plan offers the POTENTIAL EARNING, a guess or an estimate.
- The Bocannaco income disclosure statement contains ACTUAL INCOMES earned by Distributors.
As a business adviser, I look to the actual commissions/earnings to advise clients on mlm investments. Potential earning is just a guess, an estimate.
Are you investing based on a guess?
NO? Then let talk about actual income.
Distributors Actual Incomes
Bocannaco doesn’t publish the Distributors income.
What does this imply?
It tells us that the number might be very bad, and Bocannaco doesn’t want people to know.
We can assume that most Bocannaco Distributors did not make money.
Because this is normal with mlm opportunity where 99% lost money and less than 1% earned all the commissions.
When an mlm company refuses to publish the income disclosure statement, we should be careful when investing with this company.
The chance of losing your investment with this mlm opportunity is high.
Then, Is Bocannaco A Scam?
When you start a business with Bocannaco, there is always a chance of losing your investments.
Yes, Bocannaco is a business opportunity. Every business opportunity has risks. Therefore, we cannot call Bocannaco a scam.
Before starting a business, like joining Bocannaco, it is your responsibility to carefully research and evaluates the opportunity before investing.
Reading this Bocannaco Review is a good way to learn the risks and rewards as a Bocannaco Distributor.
Many entrepreneurs hire professional financial analysts to assess each business deal to find a profitable investment.
As a Business Review Writer, I have evaluated hundreds of mlm businesses to help investors identified and managed risks.
That’s all you can do, minimize the risks.
Well, Bocannaco might not be a scam. But, It’s not a good investment.
Is Bocannaco a pyramid scheme?
I can tell you that Bocannaco Distributors will argue that the company is not a pyramid scheme.
However, I say most mlm companies are pyramid schemes.
Why do I say this?
Just looks at their compensation plans. The best way to make money with mlm is recruiting, not selling products.
The more people join your team, the more money you earn.
Like other mlms, Bocannaco is paying Distributors to recruit others.
Recruiting is the way to get promoted and earn more commissions with Bocannaco.
Isn’t Bocannaco a pyramid scheme?
I know, not everyone will agree with me on this.
But, based on our Bocannaco Review, you must agree with me that this mlm opportunity is not a profitable business.
Is Bocannaco Worth It?
Who starts a business when the chance of making money is near zero?
Do you know why you want to start a home-based business?
To earn extra money from home, to be your own boss, or to achieve financial freedom?
And to make money, we invest in a PROFITABLE business!
As an affiliate marketer, there’s NO traveling around town to attend late-night meetings and NO face-to-face sales or recruits.
The best part, you are working on the computer in your own home or anywhere you like.
Affiliate marketing is one of the most powerful work from home business opportunity to earn passive income. I recommend you read, MLM vs. Affiliate Marketing to learn.
When I write this Bocannaco Review, the company is a startup mlm.
One major business risk associated with a startup is, “Going Out of Business.” This risk is real.
As a Bocannaco Distributor, you are in business as long as Bocannaco still in business.
Every Distributor is out of business and lost everything if Bocannaco goes under.
This is the business ownership issues that you have no control. You must carefully evaluate this risk before joining Bocannaco.
Starting a business is not just about making money. It’s about making money in the long-term, far into your retirement.
Don’t you want to own your own business?
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I hope you can see Bocannaco is a high-risk and low rewards business opportunity.
It is normal for people to feel Bocannaco as a scam when most Distributors work hard and do not make money.
So, what is your experience with Bocannaco?
You can share your Bocannaco review below.