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Your friends talk about GelMoment every time you get together. Does this happen to you?
For those ladies that do their own nails, you must have heard about GelMoment.
Honestly, I like GelMoment for its zero trying time.
Now, if you are asking me about starting a GelMoment as a home business, which a few of my friends try to recruit me, then you need to read what I am about to share with you in this GelMoment review.
Hello and welcome to our mlm coffee talk.
I understand you are searching for an opportunity to make some extra cash or build a life dream of financial freedom, and you want to know if becoming a GelMoment distributor is the answer to your dream.
It smarts for you to stop by and read this GelMoment review before joining the program.
In this review, we’ll discuss the following:
- What is GelMoment?
- How you can join GelMoment as a distributor?
- What are the costs to start a GelMoment business?
- Can you make money with GelMoment? And
- Is GelMoment scam or a legit opportunity?
Reading this GelMoment review, you should be able to decide if GelMoment is the right opportunity for you to achieve your financial goals and dreams.
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GelMoment Review Executive Summary
Annual Revenue: $2 Million
GelMoment Review and Analysi:
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What Is GelMoment?
GelMoment is a multilevel marketing (mlm) company that designs, manufactures, and sells the one-coat gel nail polish system, which requires no base coat, no topcoat, and dries in sixty seconds.
GelMoment exclusively distributes its products through an mlm network of over 5,000 independent distributors operating in the US, UK, Canada, and Australia.
GelMoment is a Canadian mlm company. The company was founded by Dov Grossnass in January 2015, after many years working in the lab with his team to perfect a one-step gel nail polish concept.
At the time of writing this review, GelMoment estimated sales revenue is $2 Million, which is considered to be a startup and very risky mlm opportunity.
GelMoment doesn’t publish the income disclosure statement (IDS). This should be a warning for those interested in joining the program. This financial document provides important financial information regarding the profits and losses of operating a GelMoment mlm business.
You must carefully evaluate and compare GelMoment opportunity with other home-based business opportunities before joining.
You can use My #1 Business Opportunity to make a comparison.
How To Become A GelMoment Distributor?
Want to become a GelMoment distributor? You will need a sponsor to introduce you to the business opportunity.
You can search for GelMoment distributor online, then registered through that website, or you contact the company to locate a distributor near you.
To build a business and make money with GelMoment, you are required to purchase an enrollment package, remain active, and qualified for commissions. I’ll discuss all of them in the next sections of this GelMoment review.
How Much Does It Cost To Join GelMoment?
The cost to join GelMoment is $99. The price for the enrollment package.
The enrollment package contains products and marketing materials for you to promote your GelMoment business.
Besides the cost of the enrollment package, you must maintain an active and qualified status to make money with GelMoment.
GelMoment requires all distributors to generate a Personal Retail Sales (PRS) of $200 every 90 days to remain active. This is about $67 order every month.
New distributors become a “Qualified Distributor” to earn team commissions by first submitting a total of $500 PRS to achieve the Fashionista rank. Once at this rank, the qualified distributor must maintain a monthly order between $250 PRS to $700 PRS to qualify for downline commissions.
There are other qualifications required for bonuses and incentives, which I’ll discuss in the compensation plan section of this GelMoment review.
As you can see, the cost to join GelMoment is more than $99. You must purchase products every month to stay active and qualified to receive the commissions.
GelMoment is a Pay and Play business opportunity. If you want to earn, you have to pay.
Any distributor fails to maintain an active and qualified status is not allowed to receive the bonuses and commissions.
The expenses above do not include your time, the marketing costs, travel expenses, and gas.
Purchasing GelMoment products to maintain the monthly active and qualified status can destroy your business profits if you cannot resell them. They become business losses.
Other home-based businesses, such as Affiliate Marketing, you earn the commission on every sale, no need to be active and qualified.
To understand why GelMoment requires distributors to stay active and qualified, you should read our discussion on the FTC MLM Guideline for more information.
GelMoment Compensation Plan
The GelMoment compensation plan looks simple and easy to understand. But, it’s not easy for you to make money.
I’ll provide a brief explanation of the GelMoment compensation plan below. To see the full version, just download a copy to read later.
GelMoment offer you have two ways to make money: selling products and/or recruiting others.
Make Money Selling GelMoment
You earn retail commissions by making sales at your GelMoment in-home parties, purchasing products to resell or by selling directly from your own GelMoment replicated website.
You start out at the 15% commission level. But you must meet the monthly Personal Retail Sales (PRS) orders of $200 to receive this 15% commission.
The commission increases based on your monthly PRS orders:
- 25% for $500 PRS monthly orders
- 30% for $300 PRS monthly orders
- 35% for $400 PRS monthly orders
- 40% for $500 PRS monthly orders
- 45% for $600 PRS monthly orders
- 50% for $700 PRS monthly orders
It sounds easy, right? But, can you sell GelMoment one-step gel nail polish on the market?
I did a quick search on eBay, the famous site for dumping mlm products. I found a lot of gel nail polishes with a starting price of less than $2.
GelMoment gel polish price starts at $25.00. Now, can distributors sell the gel nail polishes at this suggested retail price?
Overpriced is the reason many distributors have a hard time making money selling GelMoment.
Make Money Recruiting Others
As long as you remain active and qualified, you have the options to make money recruiting others in your team.
However, you are not allowed to earn downline commissions until you reach the Gossip Girl rank, which you must meet the following requirements:
- Generate a onetime $500 PRS order,
- Generate a $250 PRS monthly order, and
- Have a total monthly order of $450 TWS (Team Wholesale Sales).
Once you have met the requirements above, you can start earning team commission of 3% on the 1st and 2nd levels.
GelMoment offers downline commissions from 3% to 7% up to the 10th level. However, you must achieve the Gel Goddess rank which requires a $700 PRS and $85,000 TWS orders every month.
There are other leadership bonuses and incentives which require more purchasing of GelMoment overpriced products to qualify. You should refer to the compensation plan
for more information on the qualification requirements.
As you can see, there are multiple ways to earn with GelMoment. But to get paid, you must maintain an active and qualified status.
This is how mlm works. Ways to earn is not the same as qualifying to receive the commissions.
You can potentially earn nothing with GelMoment because the costs to maintain an active and qualified status might exceed the commissions received.
Can You Make Money With GelMoment?
You must look at the GelMoment income disclosure statement (IDS) to determine whether you can make money with GelMoment, not the compensation.
The IDS is a financial document that reports distributors’ income for the prior year.
Mlm company with high distributor failure rates or low earnings rarely publishes the income disclosure statement. This might be the case with GelMoment.
So, how do you get a copy of the IDS?
You can request one at the time of enrollment. The law requires GelMoment to provide you a copy together with the compensation plan.
As a business review writer, I look to the actual incomes to evaluate a business opportunity.
If GelMoment refuses to provide you a copy of the income disclosure statement, don’t join. This is a bad sign. It’s a scam.
But you don’t need a copy of the IDS to know that 99% of mlm businesses failed.
Because the GelMoment compensation plan is not designed for you to make money. It’s designed for GelMoment to sell the gel polishes.
Just go back and review the compensation plan discussion above, why you think distributors must maintain an active and qualified status to earn commissions?
Is GelMoment A Scam?
The primary business purpose of GelMoment is to promote and sell the one-step gel nail polish system, not for you to make money. But this doesn’t make GelMoment a scam.
GelMoment is a business opportunity. Every business has risks.
You are responsible to carefully research, study, and investigate the GelMoment business opportunity before investing.
Reading this GelMoment Review is a good way to learn the risks and rewards associated with this home-based business opportunity.
Many entrepreneurs hire professional financial analysts to evaluate business profits and losses before investing.
As the owner of an Online Business Review, I have evaluated hundreds of mlm businesses to help investors identified and discover the right opportunity to invest.
As a business opportunity, GelMoment is not a scam. It is a risky and unprofitable business opportunity.
Is GelMoment MLM A Pyramid Scheme?
GelMoment is a legit mlm company if they follow the FTC guideline.
But who invest in a business opportunity just because the company follows the laws?
You need to look at the company’s compensation plan and distributors’ income when evaluating a business opportunity.
If you look at the GelMoment compensation plan, distributors are forced to purchase overpriced products to earn commissions.
Recruiting is the best option to make money, not selling products.
The more people you recruit, the more money you make. This is how a pyramid is built.
Every distributor becomes a customer of GelMoment, purchasing products to stay active and qualified.
GelMoment doesn’t look like an mlm. It’s more like a pyramid scheme.
Well, you don’t have to agree with me.
But you can’t deny that the compensation plan was designed to turn you into a customer, not a business owner.
Is GelMoment Worth It?
GelMoment might be worth it if you love the one-step gel nail polish system. But as a home-based business opportunity, I don’t think GelMoment worth it.
It is unlikely that you will achieve your financial dream with this opportunity.
However, the decision to join GelMoment is yours to make.
Let me ask you this,
Do you know why you want to start a business?
To make money, right?
And to make money, we invest in a PROFITABLE business!
There are much better and less risky home-based business opportunities compared to mlm opportunities.
I recommend you look at Affiliate Marketing.
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 methods to promote and build your mlm team. I recommend you read, my New MLM Affiliate Marketing to learn how I did it.
One thing that GelMoment rarely discusses with distributors is “Business Control”.
As a GelMoment distributor, you must obey GelMoment rules and policies to stay in business.
You have ZERO control over what products to sell or how to promote your business.
What happens if GelMoment quits the mlm business or goes under?
You are out of business! You lose everything and nothing you can do about it.
You start a business to build long-term incomes.
You want to create a system that generates money far into the future. Isn’t this the #1 reason you want to build a successful business?
If you want to be an owner of a lucrative and profitable business that generates six-figure passive income, then…
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Mlm business model is designed to recruit and turn people into customer, not business owner.
Distributors with large team members are the one that makes the most money. They make money from the downline purchasing products to stay active and qualified for commissions.
If you are a good recruiter who only cares about persuading and motivating downlines to purchase products, then you will make a lot of money with GelMoment.
For those thinking of joining GelMoment to distribute and sell the gel polishes, I don’t think you are going to make money with GelMoment.
There are much better home-based business opportunities compared to GelMoment.
But this is your decision.
I hope this GelMoment review answers your question, what is GelMoment, a scam or legit?
Until next time.
Please share your own GelMoment review below.
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