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If you love fragrance candles, you will hear about Gold Canyon Candles.
Unlike Yankee Candles, you can make money with Gold Canyon by participating in the fragrance consultant program.
Now, if you are thinking about starting a Gold Canyon Candles business, then you need to read what I am about to share with you in this Gold Canyon Candles review.
Hello and welcome to our mlm coffee talk.
I understand you are searching for an opportunity to build a life dream of financial freedom, and you are researching on the Gold Canyon Candles business opportunity.
It smarts for you to stop by and read this Gold Canyon Candles review before investing with the program.
In this review, we’ll discuss the following:
- What is the Gold Canyon Candles business?
- How to become a Gold Canyon consultant?
- What are the costs to start a Gold Canyon Candles business?
- Can you make money with Gold Canyon? And
- Is Gold Canyon Candles business scam or legit?
Reading this Gold Canyon Candles review, you should be able to decide if Gold Canyon Candles business is the right opportunity for you to achieve your financial goals and dreams.
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Gold Canyon Candles Review Summary
Annual Revenue: $10 Million
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What Is The Gold Canyon Candles Business?
Gold Canyon candles business is a multilevel marketing (mlm) company that manufactures and sells high-quality fragrance candles, scented products, and home decors.
The company distributes its products exclusively through an mlm network independent consultants, which they refer to as “Gold Canyon Candles Business Partners”.
Gold Canyon Candles business was launched by Curt and Karen Waisath in 1997 with headquartered in Chandler, Arizona.
At the time of writing this review, Gold Canyon estimated sales revenue is $10 Million, which is considered to be a small and very risky mlm opportunity.
One big warning to all investors is, Gold Canyon Candles doesn’t publish the income disclosure statement (IDS). This document provides important financial information regarding the profits and losses of operating a Gold Canyon Candles business.
You must carefully evaluate and compare Gold Canyon Candles business with other home-based opportunities before joining.
You can use My #1 Business Opportunity to make a comparison.
Become A Gold Canyon Consultant
To become a Gold Canyon Candles consultant, you need a sponsor.
You can search online for a Gold Canyon consultant, then registered through that website, or you contact the company to locate a consultant near you.
To build a business and make money with Gold Canyon Candles, you are required to purchase an enrollment kit, remain active, and qualified for commissions. I’ll discuss all of them in the next sections of this Gold Canyon Candles review.
The Cost To Become A Gold Canyon Consultant?
The cost to become Gold Canyon consultant is $200 or $400, depending on the enrollment kit you purchased.
These enrollment kits contain products and marketing materials for you to launch your Gold Canyon Candles business.
Besides the cost of the enrollment package, you must maintain an active and qualified status to make money with Gold Canyon Candles.
Gold Canyon requires all consultants to pay an annual renewal fee of $99 to remain active as a consultant. This renewal fee is waived if the consultant enrolls in Scent of the Month program which requires a monthly personal order of $29.95 plus $5.00 flat-rate shipping.
You must also become a “Qualified Consultant” to earn team overrides and bonuses. The lowest qualified rank is 1 start which requires a monthly Personal Qualifying Volume of $200 PQV.
There are other qualifications required according to your star rank, which I’ll discuss in the compensation plan section of this Gold Canyon Candles review.
As you can see, the cost to join Gold Canyon Candles is more than the enrollment kit. You must purchase products every month to stay active and qualified to receive the commissions.
Gold Canyon Candles business is a Pay and Play opportunity. If you want to earn, you have to pay.
Any consultant 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 Gold Canyon Candles to maintain the 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 learn why Gold Canyon requires consultants to stay active and qualified, you should read our discussion on the FTC MLM Guideline.
Gold Canyon Compensation Plan
The Gold Canyon compensation is confusing because it uses two different methods to calculate the commission.
I’ll provide a brief explanation of the Gold Canyon compensation plan below. To see the full version, just download a copy to read later.
Gold Canyon Candles business claimed to offer 7 ways for consultants to make money. But when you analyze the compensation plan, there’re only two ways to earn: selling products and/or building a team.
Make Money Selling Gold Canyon Candles
You earn a 25% base commissions by making sales at the in-home parties, through your own Gold Canyon replicated website or by purchasing products to resell.
It sounds simple to make money, right?
But, can you sell Gold Canyon Candles on the market?
I did a quick search on eBay, the famous site for dumping mlm products. I found thousands of Gold Canyon candles selling at a very low price, less than $4.
This tells us that Gold Canyon consultants are dumping candles on eBay to recover their investment because they cannot sell them at the suggested retail price.
Overpriced is the reason many consultants have a hard time making money selling Gold Canyon Candles.
Make Money Recruiting Others
As long as you remain active and qualified, you have the options to make money recruiting others to join your team.
However, downline override commissions are calculated using a Commissionable Volume (CV), which is only 75% of $1.
Let say your team generates a monthly sales volume of $1,000, and you are at a 10% override commission.
First, you must determine the CV for this $1,000, which is about 750 CV ($1,000 x 75%).
Using the 750 CV, you can calculate the commission to be $75 ($750 x 10%).
Now, let discuss how you can make money recruiting others to join the Gold Canyon candles business.
Scent of the Month Bonus
You earn a $7.50 for each person that you enrolled in the $29 monthly Autoship program.
You earn a $3.00 for each person that your 1st level consultants enrolled in the $29 monthly Autoship program.
You earn a $1.50 when your 2nd level consultants enrolled a customer in the $29 monthly Autoship program.
The enrollment bonus is earned when you personally sponsor new consultants who purchased an enrollment kit.
You earn $50 bonus with a Silver Kit purchased and $100 with a Gold Kit purchased.
Gold Canyon pays between 1% to 10% override on the total team sales volume up to the 10th
But to earn override commissions, you have to meet the personal sales quota starting at $200 and up to $2,000 each month.
There are other leadership bonuses and incentives which require more purchasing of Gold Canyon Candles to qualify. You should refer to the compensation plan for more information.
As you can see, there are multiple ways to earn with Gold Canyon Candles business. 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 Gold Canyon because the costs to maintain an active and qualified status might exceed the commissions received.
Can You Make Money With Gold Canyon Candles Business?
You need the Gold Canyon income disclosure statement (IDS) to determine whether you can make money with Gold Canyon Candles business, not the compensation plan.
The IDS is a financial document that reports consultants’ income for the prior year.
Mlm company with high consultant failure rates rarely publishes the income disclosure statement. They don’t want the public to know. This might be the case with Gold Canyon candles business.
So, how do you get a copy of the IDS?
You can request one at the time of enrollment. The law requires Gold Canyon 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 Gold Canyon 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 Gold Canyon compensation plan is not designed for you to make money. It’s designed for Gold Canyon to sell candles.
Just go back and review the compensation plan discussion above, why you think consultants must maintain an active and qualified status to earn commissions?
Is Gold Canyon A Scam?
Gold Canyon candles business was launched to recruit customers, not for you to make money. But this doesn’t make Gold Canyon a scam.
Gold Canyon is a business opportunity. Every business has risks.
You are responsible to carefully research, study, and investigate the Gold Canyon candles business opportunity before investing.
Reading this Gold Canyon candles Review is a good way to learn the risks and rewards associated with this home-based business.
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, Gold Canyon candles business is not a scam. It is a very competitive and risky business opportunity.
Is Gold Canyon A Pyramid Scheme?
Gold Canyon candles business 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 consultants’ income when evaluating business profitability.
If you look at the Gold Canyon compensation plan, consultants 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.
Consultants are customers of Gold Canyon candles business. They are not business owners. They purchase products to maintain an active and qualified status.
Gold Canyon looks 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 Gold Canyon Candles Business Worth It?
Gold Canyon candles business might be worth it if you enjoy the products and love the discounts.
But as a home-based business opportunity, I don’t think Gold Canyon candles business worth the investment.
It is unlikely that you will achieve your financial dream with this opportunity.
However, the decision to join the Gold Canyon candles business is yours to make.
Let me ask you this,
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.
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One thing that Gold Canyon Candles rarely discusses with consultants is “Business Control”.
As a Gold Canyon consultant, you must obey Gold Canyon candles business rules and policies to make money.
You have ZERO control over what products to sell or how to promote your business.
What happens if Gold Canyon quit 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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The Gold Canyon candles business is designed to recruit customers, not business owners.
I am not surprised that only a few consultants at the top, with large team members, are the one made the most money. They make money from downlines purchasing products to stay active and qualified, not from selling candles to the public.
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 Gold Canyon Candles.
For those joining Gold Canyon candles business to distribute and sell fragrance candles, you will be disappointed. I don’t think you are going to make money with Gold Canyon candles business.
There are much better home-based business opportunities compared to Gold Canyon candles business. But this is your decision.
I hope this Gold Canyon Candles review answers your question, what is the Gold Canyon candles business, a scam or legit?
Until next time.
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