WellNetIQ is a German MLM firm and operates within the dietary complement MLM area of interest.
Heading up WellNetIQ we’ve got Govt Director Tilman Spangenberg (proper).
As per Spangenberg’s WellNetIQ company bio;
Tilman Spangenberg started his profession by finding out economics and enterprise administration with a concentrate on strategic planning and company administration.
Along with his thesis on sensible facets of early recognition of alternatives and dangers within the company setting, he earned a doctorate in economics.
In 2003 he entered enterprise and have become an expert in monetary consulting and direct gross sales.
Spangenberg’s LinkedIn profile doesn’t reference any MLM corporations. From 2006 to signing on with WellNetIQ in October 2022, Spangenberg labored at a chemical producer, pharmaceutical firm, heater producer and CannaCare
CannaCare is a German producer of “excessive qualify CBD merchandise”. An August 2023 press-release from Carlsquare cites Frank Otto as “the one largest shareholder” in CannaCare.
This leads us to a June 2023 article from Direct Promoting Journal, citing Otto and Michael Oplesch as founders of WellNetIQ.
“Our chilly pre-launch part is coming to an finish. “All of the foundations have now been created to have the ability to provide potential gross sales companions an all-round optimum enterprise mannequin,” sums up CEO Dr. Tilman Spangenberg.
“The recent pre-launch of WellNetIQ is scheduled to start in October 2023.”
The beforehand linked Carsquare press-release above covers Otto’s August 2023 funding into SynBiotic SE.
Serial entrepreneur Frank Otto has invested in SynBiotic SE (“SynBiotic”), one in every of Germany’s main listed CBD specialists.
Frank Otto’s funding comes because the SynBiotic group merges with CBD specialist CannaCare Well being GmbH, the place Frank Otto is the one largest shareholder in the present day.
As a part of his funding, Frank Otto will turn out to be a significant shareholder in SynBiotic, reflecting his confidence that SynBiotic will safe a pre-eminent place within the booming marketplace for hemp merchandise.
One other August 2023 press-release from SynBiotic SE references WellNetIQ as a “advertising subsidiary” of CannaCare.
Placing all of this collectively, we’ve got Frank Otto because the efficient proprietor of CannaCare and SymBiotic SE, whose merchandise are marketed and offered via the MLM firm WellNetIQ.
Presently WellNetIQ seems to solely be energetic in Austria. As of April 2024, SimilarWeb attributed 100% of WellNetIQ’s ~416 month-to-month web site visits to Austria.
Learn on for a full overview of the WellNetIQ MLM alternative.
WellNetIQ’s Merchandise
WellNetIQ markets a spread of CBD dietary supplements, manufactured by Frank Otto’s different corporations; CannaCare and SynBiotic SE.
- IQ Energy Mini – 275 mg CBD oil, retails at 30 EUR a bottle
- IQ Energy Fundamental – 450 mg CBD oil, retails at 45 EUR a bottle
- IQ Energy – 825 mg CBD oil, retails at 86.25 EUR a bottle
- IQ Energy Plus – 1500 mg CBD oil, retails at 136.25 EUR a bottle
- IQ Energy Plus Spray – 1500 mg broad spectrum CBD oil, retails at 140 EUR a bottle
- IQ Energy Extremely – 4500 mg broad spectrum CBD oil, retails at 245 EUR a bottle
- IQ Energy Balm – “anti-inflammatory cannabinoid ointment with a broad spectrum”, retails at 48.75 EUR a bath (200 mg)
- IQ Energy Balm Mini – “incorporates 20 mg of cannabinoids blended with shea butter and varied seed oils, together with hashish sativa seed oil, amongst others”, retails at 63.25 EUR for ten 5 ml “plastic jars”
- IQ Energy Patches – “broad spectrum cannabinoids, delivered transdermally” (10 mg), retails at 73.75 EUR for a field of small and medium patches or 86.25 EUR for a field of huge patches
- IQ Energy Cool – “soothing cannabinoid cooling gel with a broad spectrum of motion” (200 mg) , retails at 36.25 EUR a tube
- IQ Energy To Go – “spray for on the go, with 54 mg cannabinoids, in 3 flavours”, retails at 23.75 EUR for a 2.5 ml bottle
WellNetIQ’s Compensation Plan
WellNetIQ hides “detailed revenue plan” particulars from shoppers behind an e mail seize kind:
That is a right away purple flag.
I can’t converse to what compensation plan particulars WellNetIQ is hiding, however it is a breakdown of what they do share with shoppers on their web site.
WellNetIQ Affiliate Ranks
There are seven affiliate ranks inside WellNetIQ’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Ambassador – join as a WellNetIQ affiliate
- Silver – generate 1000 to 4999 GV a month
- Gold – generate 5000 to 14,999 GV a month
- Platinum – generate 15,000 to 44,999 GV a month
- Ruby – generate 50,000 to 149,999 GV a month
- Emerald – generate 150,000 to 499,999 GV a month
- Diamond – generate 500,000 or extra a month
WellNetIQ’s compensation plan states that
As a way to obtain or affirm a rank, 3 traces of not less than 150 factors every are mandatory.
This implies that to be able to promote from Ambassador to Silver (and past), not less than three recruitment legs are required producing not less than 150 GV every a month.
GV stands for “Group Quantity”. GV is gross sales quantity generated by an affiliate and their downline.
Observe that for rank qualification, not more than 50% of required GV can come from anyone recruitment leg.
Retail Commissions
WellNetIQ pays commissions on gross sales to retail prospects.
Retail fee charges are decided by rank:
- Ambassadors earn 2%
- Silvers and Golds earn 5%
- Platinums earn 6%
- Rubys earn 7%
- Emeralds earn 7.5%
- Diamonds earn 8%
Residual Commissions
WellNetIQ pays residual commissions by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the prime of a unilevel workforce, with each personally recruited affiliate positioned immediately underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel workforce.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
WellNetIQ caps payable unilevel workforce ranges at twenty.
Residual commissions are paid as a share of gross sales income generated throughout these twenty ranges primarily based on rank:
- Ambassadors earn 5% on degree 1 (personally recruited associates) and a pair of% on degree 2
- Silvers earn 5% on ranges 1 to three and a pair of% on ranges 4 to six
- Gold earn 5% on ranges 1 to five and a pair of% on ranges 6 to 10
- Platinums earn 6% on ranges 1 to five, 4% on ranges 6 to 10 and a pair of% on ranges 11 to fifteen
- Rubys earn 7% on ranges 1 to five, 5% on ranges 6 to 10 and a pair of% on ranges 11 to fifteen
- Emeralds earn 7.5% on ranges 1 to five, 5.5% on ranges 6 to 10, 3% on ranges 11 to fifteen and a pair of% on ranges 16 to twenty
- Diamonds earn 8% on ranges 1 to five, 6% on ranges 6 to 10, 4% on ranges 11 to fifteen and a pair of% on ranges 16 to twenty
Becoming a member of WellNetIQ
Fundamental WellNetIQ affiliate membership prices aren’t disclosed.
New WellNetIQ associates can join with a Starter Pack, the prices of that are disclosed:
- Bronze Starter Pack – 246 EUR
- Silver Starter Pack – 475 EUR
- Gold Starter Pack – 930 EUR
The one distinction between WellNetIQ’s Starter Packs seems to be bundled merchandise.
WellNetIQ Conclusion
WellNet IQ, as offered, is a straight ahead MLM firm advertising CBD dietary supplements.
One factor I’m a bit confused on although is, whereas neighboring Austria speaks Germany, why WellNetIQ hasn’t taken off in its personal nation.
Undecided if that speaks to the retail viability of WellNetIQ’s merchandise or whether or not one thing else is occurring.
In any occasion, WellNetIQ does an awesome job of revealing executives, its merchandise and retail pricing. This makes WellNetIQ hiding a “detailed revenue plan” a let down. There’s no want for it.
Fundamental info shoppers want to judge WellNetIQ is just not a advertising instrument.
As with wherever the place CBD oil is authorized, value comparability is advisable for each WellNetIQ associates and retail prospects.
I didn’t spot something out of the abnormal with WellNetIQ’s dietary supplements so you must simply be capable of discover comparable merchandise.
Assuming there’s nothing funky in WellNetIQ’s “detailed revenue plan”, what’s disclosed is a straightforward unilevel plan. One potential space for concern is the dearth of retail quantity qualifiers.
This leaves WellNetIQ open to autoship recruitment, which at the price of retail gross sales would see it function as a pyramid scheme.
That stated, WellNetIQ recruitment necessities prime out at three and required quantity is open-ended.
In abstract; assuming WellnetIQ’s merchandise are competitively priced in its goal European market(s), the MLM compensation plan is such that there aren’t any quick issues.
Retail quantity qualifiers would definitely alleviate potential pyramid issues. Ditto offering shoppers with entry to no matter WellNetIQ’s “detailed revenue plan” is.
Good luck!