Is Nexarise a Scam or a Legit MLM? My Honest Review
Welcome to my Nexarise review. Is Nexarise a scam or should you invest in this MLM? It's marketed as the "home-based business opportunity for those who want more out of life."
They say that the best time to get into an MLM venture is when it's still in its infancy stages. Nexarise is the new kid on the block. Should you take advantage of this opportunity?
If you are not sure what to do, then you are at the right place. This review will show you exactly what this business opportunity is all about so that you can make the right decision.
There might be many make-money-online opportunities. But the one thing that is not enough of, and that we often take for granted is OUR TIME.
It makes sense to find the best work-from-home business opportunity that is worth your precious time. Congratulations on doing your due diligence.
WHO ARE THE FOUNDERS OF NEXARISE?
There are three founders of Nexarise. They are Ahmed Mukhtar, Asad Ali, and Liju Thomas.
According to his LinkedIn profile, Ahmed has been in the multi-level marketing industry for 8 years after having left his regular retail manager job.
He co-founded the Nexarise Network Marketing company with the two others partners mentioned.
Asad Ali, (chairman and co-founder), holds a Master's degree and was selected to run accounts for an internationally renowned fashion outlet. According to the official Nexarise website, he too gained success in the network marketing industry by becoming one of the top earners in the UK.
Liju, an engineer was introduced to the direct sales and network marketing industry back in 2012. He decided to leave his current engineering job and pursue a full-time career in network marketing. Joined a previous venture, which did not align with his vision, and that's when he and Ahmed and Asad founded Nexarise.
All of these three founders were part of a previous MLM venture called ACN. ACN is still operating as far as I know.
Unfortunately, the site does indicate any the official reasons as to why they left the company.
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HOW MUCH DOES IT COST TO JOIN NEXARISE?
It cost £199 or $275 to join as a Nexarise Independent Business Owner. There is an additional monthly business fee of £17 plus vat.
THE VARIOUS NEXARISE PRODUCTS AND SERVICES
They offer a variety of products and services. Some of the products they have partnered with other companies to offer its members.
These are the various services available on their website :
- Nex Mobile
- Nex Protect
- Lifestyle by NexRise
- Business Energy
- HomeCare by NexRise
- Tech By NexRise
- Security Alarms
Unfortunately, no prices are made available on the site of any of these products.
In fact, if you want to learn more about the products, the only information that you get is a grid that contains the protocol when selling to your prospects. In other words useful information only if you are an active affiliate.
The same goes for their compensation plan. Nothing available on the website.
However, I watched one of their webinars and learned how their comp.plan works. Let me show you.
THE NEXRISE COMPENSATION PLAN-HOW TO MAKE MONEY WITH NEXRISE?
There are five ways in which you can earn money as a Nexrise Independent Business Owner.
- Personal Residual Income
- Overriding Residual Income
- Fast Start Bonuses
- Rank Advancement Bonuses
- Global Leadership Pools
All of the products that I mentioned earlier carries a BV(business volume).
You get a PBV(Personal Business Volume) that is the volume from all your personal customers.
You get a GBV(Group Business Volume) that is the volume generated from the customers acquired by your team.
If you look on the personal sales side, this is how much you can make depending on the PV target you reach on a monthly basis-
- 150-299PBV = 1%
- 300-600PV = 3%
- 700-999PBV = 5%
- 1,000-1,999PBV = 10%
- 2,000 + PBV = 20%
FAST START BONUSES
You have to qualify as a Customer IBO within the first 30-days to receive a 50GBP Bonus.(these fast track bonuses would also apply to other deeper ranks that you can unlock as you focus on building your downline)
VARIOUS NEXRISE RANKS
They are 15 ranks within the Nexrise compensation plan
- IBO - initial sign-up
- Customer IBO - 100 PBV
- Executive Team Trainer 100 - 100 PBV and maintain 450 GBV per month
- Executive Team Trainer 250 - 120 PBV and maintain 1200 GBV per month
- Executive Team Leader 500 - 150 PBV and maintain 2500 GBV per month
- Executive Team Leader 1000 - 150 PBV and maintain 5000GBV per month
- Team Coordinator 3000- - 150 PBV and maintain 15,000GBV
- Team Coordinator 5000 - 150 PBV and maintain 25,000GBV(rank advancement bonus paid from this rank onward)
- Regional Director 10- 150 PBV and maintain 50,000GBV
- Regional Vice President 20 - 150 PBV and maintain 115,000GBV
- Regional Vice President 50 - 150 PBV and maintain 275,000GBV
- Regional Vice President 100 - 150 PBV and maintain 625,000GBV
- Senior Vice President 200 - 150 PBV and maintain 1.8 MillionGBV
- Senior Vice President 500- 150PBV and maintain 5 Million GBV
- SVP Crown (Senior Vice President Crown) - 150 PBV and 11.2 Million GBV
HOW MUCH MONEY CAN YOU MAKE WITH NEXARISE?
It depends on how well you perform within the company. The higher the ranks you achieve, the more money you earn.
That is how the multi-level marketing game works. It's different compared to affiliate marketing where you do not have to focus on recruiting. That is how I earn a passive income online. Check out my story here.
These are the estimated residual income figures that one of the co-founders, Asad Ali shared in the Nexrise Compensation video.
- Executive Team Trainer 100 – £100 GBP a month
- Executive Team Trainer 250 – £250 GBP a month
- Executive Team Leader 500 – £500 GBP a month
- Executive Team Leader 1000 – £1000 GBP a month
- Team Coordinator 3000 – £3000 GBP a month
- Team Coordinator 5000 – £5000 GBP a month
- Regional Director 10K – £10,000 GBP a month
- Regional Vice President 20K – £20,000 GBP a month
- Regional Vice President 50K – £50,000 GBP a month
- Regional Vice President 100K – £100,000 GBP a month
- Senior Vice President 200K – £200,000 GBP a month
- Senior Vice President 500K – £500,000 GBP a month
- Senior Vice President Crown – £1,000,000 GBP a month
WHAT I LIKE ABOUT NEXARISE
There are real owners who stand responsible for the company.
WHAT I DO NOT LIKE ABOUT NEXARISE
Limited to only certain countries
It's expensive to start.
No income disclosure
Insufficient product information
Have to recruit to earn the higher paychecks
IS NEXARISE A SCAM? MY PEROSNAL OPINION
Nexrise is not registered with the DSA(direct selling association). Usually, I would consider it a red flag, but in this case, the company is new and things may change in time to come.
They still have retail products or services which one can purchase for their own use or sell(via their own replicated Nexrise website).
Therefore, in my opinion, they have fulfilled the criteria of how traditional MLM's operate.
Recently, I reviewed crypto-MLM's that have been issued fraud warnings because of the fact that all they were selling were just membership packages and no real product. In other words, they were Ponzi schemes. These were companies such as Mining City. and PGI Global.
The one thing that does bother me is the fact that there is no income disclosure. This information is vital in showing how existing members are performing and what the average take-home commissions are.
The company is still new and perhaps they have insufficient data as yet.
And whilst we are talking about the age of the company, the question that might have popped in your head? ----Isn't it a good time to join an MLM when they are just starting out?
The answer is not as straightforward.
It depends on a number of factors. One of the main ones is how well the management team does in carrying the company forward.
DO I RECOMMEND JOINING NEXRISE?
Do I recommend joining the Nexrise business opportunity?
Since the company is new, it could go either way. If you are considering joining then that is one of the chances that you are going to have to take.
Just remember at the back of your mind, that you will be investing one of your precious resources, your time into an unproven business. How important is your time to you?
Building a strong multi-level marketing business may not be everyone's cup of tea. I believe it requires skills and one should have a fair understanding of sales and marketing.
Everybody is different. They often say for an MLM model to work, one needs to ‘duplicate themselves.’
This is why I believe that multi-level marketing can be challenging. You are depending ON every member within your time to be as passionate, enthusiastic, skillful as you. It’s not always possible.
The good news is that you can build a business without having to recruit a single person. You don't have to go out there and cold-call people.
You can start as a complete newbie. You do not even need any sales experience
You can build a business based on your own passion, hobby, or interest. You can work in your own time. It also offers you the awesome benefit of earning a passive income online
It would be my pleasure to introduce you to this business model. I've been using it for five years. Let me help you to get started. Simply click on the link below to learn more
Thanks so much for joining me on this Nexrise review.
I hope that it has helped you out.
Have you tried MLM before? How did it go? What was your experience like?
Looking forward to hearing from you.
Wish you everything of the best in your online success,
Kind Regards and Take Care