What is Nu Skin? Is it worthy of attention? Nu Skin is a company that offers cosmetic and skincare products with the help of worldwide distributors.
Nu Skin founded in 1984 in Provo Utah
Founder: Sandie N. Sandie Neaman Tillotson
Product type: skincare and cosmetics
The model of business: multi-level marketing(MLM)
The easiness level to earn money: very low
Why do I have an interest in this company?
I like skincare products and use some of them. Researching various products gives plenty of information about them. Besides, I want to learn what kind of financial model do they use for their business.
Is Nu Skin company different from other companies such as Avon or Herbalife?
Nu Skin is an MLM company. It does not differ so much because it is the same multi-level marketing model. It means that they use independent distributors to sell products. There are some slight differences in how Nu Skin distributors earn money. Let’s check these various ways.
Nu Skin’s compensation plan shows how members earn money.
Overall it is the same model. You buy products at wholesale prices and sell at retail prices. The difference goes to you. Besides, you can create a so-called downline under you. These individuals who will sell products will make money for you. Additionally, you will get money from recruiting new members.
What is the difference between companies?
All MLM companies use the same model, but words for operations are different.
Nu Skin uses words Share, Build, and Lead.
Share means that you will earn a profit from retail. Customers who will buy online must register. You will get from these customers 5%-25% in sharing bonuses.
Build means creating blocks that consist of sales points. Other companies choose value points. Nu Skin uses the term block for the description of earnings. When somebody of your registered customers buys products, you will get sharing bonuses. You will earn in the same way from people who are in your downline.
Depending on how much do you accumulate money for six months, you can get a rank that provides you a “building bonus.” More blocks you generate, the more money you can earn.
Building blocks can reach from 5% to 40%.
Lead means that you earn money from recruited people. Depending on how big your team is, leading bonuses can be low or significant.
Commissions for leading bonuses are 2,5%-10%.
As you see, the difference is only in the words and percentage in earnings. The model is the same: sell products and recruit people under yourself.
How much money earn Nu Skin distributors?
There is a table of Nu Skin distributors who earned commissions at 2018:
You do not need to be a math professional to see that money is scarce even for the Lapis Partner or Ruby Partner. The rest of 76 percent of distributors earned less as $19 000 pro year.
I think that all these MLM companies are worthy of attention when you use products for yourself willingly, without any pressure. Otherwise, it is hard work because of spending time and effort catching customers and offering products.
There are more substantial ways to earn money without breaking a bank and losing sanity.
Is Nu Skin company a scam?
No, it is not a scam. It is only an MLM company that has branches worldwide. The driving style resembles a pyramid scheme when you build the fortune on the shoulders of others. Think about how money earned. You need to recruit people. Without them, you will make money only when you will sell products at a more significant price.
What is about earning money with Nu Skin?
It depends on how much money do you need to live comfortably. If NuSkin is not your primary source of income or just an additional way to earn extra bucks and you use these products, yes, Nu Skin is a decent place.
However, it takes time and hard work to earn from recruiting people and selling products.
Pros of Nu Skin company
- Nu Skin company offers real products that less or more help individuals to improve their appearance and wellbeing
- Nu Skin provides an ability to earn some money being a distributor
- If you work in the wellness area, you have access to the interested customers who would like to use Nu Skin products
Cons of Nu Skin company
- You cannot earn money for a living working as a distributor without hard work and spending plenty of time attracting new customers.
- To make money, you need to be an active distributor.
- Money is scarce because of the lack of ability to earn. If you want to make $500 per month, you need to be a Gold Executive.
- Products are not the best in the market.
If you want to earn money for a decent living, you need to look for high ticket products. Making pennies, working hard, and not learning about business online, you only would waste time. If you like to use products for yourself and you can recruit people under you without sweating over any possible customer, it is your choice.
However, there are better ways to create a business online and be its boss. It does not break a bank and does not put you in an awkward position when you start from scratch and knowing zero or just a little bit about internet possibilities.
If you want to earn money, do not waste time and learn how to optimize a website for better customer experience, how to choose a niche, how to attract traffic, and so on. There are better companies that teach how to make money online. At the same time, you can start earning money when following lessons on how to create a successful business online.