Is Nspire Network a Scam?
Name: Nspire Network
Website: www.nspirenetwork.com
Founder: Spencer Iverson, Joel Medina & Demond Coleman
Income Opportunity rating: 2.5 / 5 Stars
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Hmmm…. Would you buy feminine products from a company that is run by 100% men? At the point of this writing (July 2017), the company is run by these executives:
- Spencer Iverson (Founder & CEO)
- Joel Medina (Founder & COO)
- Demond Coleman (Founder & Global Director of Sales)
- Demond Crump
- Dr. Richard Mynatt (Medical Advisor)
- Dr. Steven Mynatt (Medical Advisor)
Well, more than 50% of Nspire Network’s products cater for women, would men understand the needs of women. Ladies, let me know what you think about this by leaving a comment at the end of this review.
Alright, you are here because you wanted to know if Nspire Network provides a good business opportunity or is it just a scam.
You are in the right place because I am going to share with you everything you need to know in order to make an informed decision.
Nspire Network is a fairly new Multi-Level Marketing (MLM) company that focuses on feminine products as well as health supplements.
The biggest question you might have is if the products are marketable?
Well, the market is full of feminine and health supplement products, what makes Nspire Network’s products so special?
I’ll cover this question shortly.
As far as I know, Nspire Network is not a scam. It is a legitimate MLM company that provides a fair business opportunity.
Before we dive into the details, let me first share with you a secret that Nspire Network doesn’t want you to know.
A little known Secret about Nspire Network
Every day, new MLM companies surfaced the market and each claimed that their products are the most unique, beneficial and marketable.
At the same time, many MLM companies shut its doors in their first year of operation, and the same owners start another MLM company almost immediately.
The question is, are the products of the MLM company actually researched and produced by the company itself? If it is, how did the founders do it so quickly?
Well, I learnt a great deal, from a friend of mine who is a founder of an MLM company, about how MLM companies are formed.
The fact is, most products of an MLM company are not researched and manufactured by the company itself.
In most cases, the founders of the MLM company sources for “low key” product manufacturers, and signs an exclusive agreement with them to help distribute the products.
It is a great deal for both the MLM company and the product manufacturers, because the MLM company now has a product line which makes it legitimate, and the product manufacturers do not need to worry about the marketing and promotional side of the product.
You might also be interested to know how the MLM company compensates you. The compensation plan for most MLM companies may seem complicated, but in fact the basis is actually quite simple.
Let’s say you just sell a sanitary pad to a friend which cost $8, let’s break the profits down (IMPORTANT NOTE: The following is for illustration purpose only):
- Sale Price: $8
- Cost of Production: $1
- Profit to the Product Manufacturer: $2
- Profit to the MLM Company: $2
- Profit to be paid to the MLM Compensation Plan: $3
Get the idea? This is how most MLM companies work, and I truly believe that it works the same for Nspire Network.
Well, regardless of these secrets that I’ve just shared, as long as the products of Nspire Network are beneficial to its customers, it is a win win!
Is it Easy to Make Money from Nspire Network?
Honestly, selling products that are already saturated in the market is hard enough, but selling a dream (be your own boss) is even harder.
Let’s first talk about the products and then we’ll move on to the opportunity.
Best Seller: Cherish TM Sanitary Napkins
Sanitary Napkin is an essential product for women, and there are so many choices on the market. Almost every single brand has its unique selling point, but what makes Nspire Network’s sanitary pad “Cherish” so special?
Nspire Network claims that its sanitary pad is “All Natural (Zero Chemicals)”, and it provides comfort, dryness and protection, plus it has a “negative ion technology, which has been proven to balance PH and hormone levels, helps protect against germs and bacteria, helps to reduce inflammation, fights against vaginal irritations and infections and reduces unwanted odor”.
Something interesting that I’ve found is that the negative ion technology contains a “Licensable” amount of radioactive material. You may check out what I’ve found here.
So, is the product really that good? I’ll let you be the judge of it because the same product may produce a different experience for each individual.
Now comes the competition. My wife recently came across another Sanitary napkin product that also claims that it is all natural, and it is manufactured with bamboo. The benefits of bamboo were already well known for its benefits, and their marketing message is “8 out of 10 ladies who used this sanitary napkin will use it again”.
Best of all, this is not from an MLM company, it is sold on the shelve of supermarkets.
Honestly speaking, as consumers, our perception is that we trust products that are on the shelves more than a product that is only distributed through the MLM network, because we thought that products on the shelves are generally checked and approved by the government authority; though it is not exactly the case.
So, you really need to be a great salesman to convince someone to try products out of their comfort zone, and you have to be prepared to face a lot of resistance from your prospects.
Pitfalls of an Nspire Network Distributor
Now, before you decide to join Nspire Network as a distributor, here’s what you need to know.
There are many reasons for an Nspire Network distributor to fail, but I’ll share with you some of the major ones so you can avoid them.
Pitfall 1: Following the Wrong Leader and Joining the Wrong Team
The worst thing that could happen when you join the company is to be misled and misguided by the team leaders.
As you know, to be successful in this opportunity, you need to be a great salesperson.
Most of the time, individuals who join the business opportunity will not have any sales experience, and they definitely need a leader who will coach, nurture and mentor them to be an adequate salesperson.
The last thing you want, is to join a leader or a team who could care less about your success.
This is a common culture in most MLM companies, because the turnover rate of distributors is usually high, and it wouldn’t make sense for leaders to focus on training new joiners unless they’ve proven themselves.
So, just be wary of this fact, and make sure you do your due diligence on the team you are about to join.
Pitfall 2: Learning the Wrong Strategies
“List down the name and contact details of people whom you think will be interested to try the products or join the business opportunity, and start contacting them to arrange for a meeting”
This is the common strategy for most MLM companies, and here’s why it doesn’t work anymore.
Unlike the old days where people were not educated about MLM opportunities, now, people are knowledgeable about the kind of opportunities or scams in the market, and they usually distance themselves from MLM opportunities.
Given this known fact, the statistic of prospects who will eventually become a distributor is as follows (IMPORTANT NOTE: This is a statistic that I’ve gathered through my past experiences with MLM companies. The results may differ for you).
Out of a 100 prospects, maybe 20 will be interested to try the products, and 10 will actually buy the product.
And, out of those 10, 3 may be interested in joining the company as a distributor, and if you are lucky enough, 1 will actually join as a distributor.
As you know, to be successful in the Nspire Network business opportunity, it is not about how many products you’ve sold, but how many active distributors you have recruited.
You see, if you are using this ancient strategy, you have to meet at least 300 prospects to recruit 3 distributors. On top of that, most distributors don’t stay active for a long time, so you need to have a constant flow of prospects whom you can meet to continually recruit new distributors.
The problem is, do you have a huge list of prospects to meet?
My advice to you is to join a team who was already successful in sourcing new prospects online. That way, you can learn how to find your prospects out of your social circle.
Pitfall 3: The Wrong Mindset
You need to take an interest in your own success, because no one else would.
Too often, I’ve met with new MLM joiners, and they expect their sponsors (people who introduced them to the opportunity) to do the work for them.
It is true that sponsors should take a step to attend meetings or 3 way calls together with the new distributors, but there is a limit to how much a sponsor can help.
If you have the mindset of relying on someone else for your success, there is really no point for you to join the business opportunity, because you’ll fail anyway.
True success comes from genuine hard work and dedication.
So, do not expect your team members or leaders to spoon-feed you, you have to go all out to get what you want. Like I’ve said, nobody else will take interest in your success except yourself.
The Compensation Plan
My Sincere Advice to You
Well, I guess that this business opportunity is more suitable for women than men.
It will be awkward for a guy to promote feminine products to a woman. If you don’t agree with this, please, share your opinion in the comments section below.
I truly believe that to be a great salesperson, one has to believe that the product works, and it is through personal experience of the product that will form this belief.
How can you convince others that the products work if you are not convinced yourself, right?
On top of that, if you really want success from this opportunity, you have to be a salesperson and be ready to face a lot of rejection. Are you ready for that?
Now, what if you think this opportunity is not suitable for you, what’s next?
Well, I’ve been making money online for a past few years, and I am constantly scouring for new online business opportunities.
Out of hundreds of online business opportunities, I’ve found a few that are diamond in the rough.
I’ll recommend you to check out this opportunity that is suitable for people who have no knowledge or experience on how to make money online.
This is the same opportunity that got me to where I am today, and I hope it can lead you to success as well.
Thank you for reading this review! If you find this review helpful, please, help to share it with your friends and family by clicking on the social media buttons. If you’ll like to discuss more about Nspire Network, please, feel free to leave a comment below.
Your pal,
Jack