Is Color Street A Pyramid Scheme?
Is Color Street an MLM? What type of business is Color Street? How much money can I make selling Color Street Products? All these questions are answered in my Color Street MLM review.
Hey Buddy, I’m Somraj Mondal, Founder, and CEO of Noni4all.com. I have reviewed hundreds of Direct Selling, MLM, and Affiliate Marketing companies in this Blog.
After in-depth research about Color Street, an American direct selling company, in this article, I am reviewing Color Street MLM Company.
So, let’s dive right in.
What is Color Street MLM Company?
Color Street is a New Jersey-based Multi-Level Marketing beauty company that sells Nail Polish and Nail Art designs. Fa Park founded Color Street MLM company in 2017. After joining the Color Street MLM company as a Consultant, you can open your own Nai Sallon.
Currently, Color Street MLM company has more than 6000 consultants and the surprising thing is, In 2019, Company generated over $120 million in revenue. The Headquartered of Color Street Company is located in Clifton, New Jersey, USA. The company maintains a strong presence in the area as its inspiration comes from New York City, “the city that never sleeps”.
The Parent Company of Color Street is Innovative Cosmetics Concepts. The Parent company sells the same strips for $4 to $6 at Walmart and Amazon. While $11 doesn’t seem expensive considering the strips last up to 2 weeks, keep in mind that Color Street’s parent company sells the same strips for $4 to $6.
History of Color Street MLM Company
Basically, the idea, Plan and all started in 1988. Suddenly, Fa Park saw a woman struggling to paint her nails on a running bus. Then, he began experimenting with nail polish on paper to make it easier to use. This eventually resulted in a formula that allowed the top to dry, but the base to remain moist, allowing the polish to adhere to the nail.
Color Street Company Profile
|Company Name||Color Street|
|Head Office||8895 N Military Trl, Palm Beach Gardens, FL 33410, United States|
|Products||Nail Polish Strips|
|Email Id||[email protected]
How does Color Street MLM Work?
Color Street works in Multi-level Marketing Model. So, companies do have not to expend extra money on Advertising and Marketing their Company Products. As a Normal Person, you can purchase nail polish strips from the company.
In other words, Company gives everyday people an opportunity to earn money by becoming distributors. As a Distributor of the company, when you sell products, the company gives some percentage of commission as per the product.
It seems like a win-win situation for both Distributor and Company.
Color Street Products
The Main core element of Color Street’s Product is Simplicity. Basically, the company has only one Product which is Nail Polish Strips. This one Nail Polish Strips item is available in a wide range of styles such are solid colors, nail art, holiday styles, patterns, glitter styles, French manicures, pedicure strips, and more.
The strips come with a nail file/applicator, a nail prep pad, and instructions for applying them. You can use it within 7 to 14 days after opening the package, these strips must be used or they will dry out and become unusable.
The Cost Pack of 16 of these strips costs about $11.
Are Color Street And Incoco The Same Company?
The founder of Color Street and Innovative Cosmetics Concept, both company is the same, Mr. Fa Park. Basically, both the company is the same company and similar products with different business models (the latter being the parent company).
For nearly 10 years, Innovative Cosmetics’ nails have been sold at, Amazon, Walmart, and other retail stores. Their products retail for around $4-$6 and are usually found as impulse buys rather than in the Walmart nail section near the checkout counter.
On the other hand, the Color Street Products are sold by their Distributer or Consultant. These consultants or Distributer often make money online through social media or their personalized websites.
Something thinks about this, Would your friends and family buy these strips from you? or a Distributor if they knew they could get these products for half the price at Walmart?
Some people claim that Color Street Company will phase out the innovative concept of nail strips to focus more on Color Street nail strips. It’s been the standard defense of loyal stylists for over four years, but somehow, these nail strips are still available in stores.
Color Street Compensation Plan
1. Jump Start Bonus
Basically, In Jump Start Bonus, When a Distributer hit some goal or achieves a target, the Distributor will get a bonus.
2. Base retail commission
As Distrbiyter of the company, they can earn 25% on every product they sold which is calculated by personal volume (PV) at this commission level. These can be sales to the public, sales to members of your ‘team’, or even ‘sales’ to yourself.
3. Enhanced retail commission
If A Distributor sells $600 worth of products in a month, they will get an extra commission of up to 10%.
4. Enroller matching Jump Start Bonus
For every one Consultant recruit who gets a Jump Start bonus, a Consultant will also receive a bonus.
5. Enroller bonus
Distributors will earn a 3% commission on the personal volume (sales) on every successful recruitment.
6. Leadership Level Bonus
Distributors will earn a 3% commission on the sales of the person they recruit (so the person is 2 levels below you in the scheme).
7. Leadership Depth Bonus
Distributor will earn a 1.5% commission on the sales of your 4 level or below people.
8. Team Bonus
Team Bonus is an Additional 1.5% commission from your ‘team’ total sales.
9. Generation Bonus
Generation Bonus is when a Distributer ranks up in the company, they get higher commissions from your downlines.
10. Car/Lifestyle Bonus
Like many MLMs, Color Street has a ‘car bonus’ incentive.
How to Join Color Street MLM Company?
As we know, Color Street is an MLM Company. So, if you want to join and Become a Distributor or Color Street Independent Stylist. Here are the exact ways to become of it.
There are two ways to become a stylist,
- Join the Color Street website
- Join whoever invites you
There are 2 options to join Color Street as an Independent Stylist.
- Starter Kit
- Jumpstart Program
1. Starter Kit:
The Color Street Starter Kit cost $129. The starter kit contains the following items:
- 12 sets of manicure strips
- 2 nail buffers
- 60 mini nail files
- 50 cuticle sticks
- I set of pedicure strips
- 72 testers
- 40 remover pads
- 100 prep pads
- 25 Opportunity Brochures
- Road to success booklet
- 2 large nail files
- 25 catalogs
- Tote Bag
2. Jumpstart program:
In the Color Street Company, The Jump Start program is specially designed to recognize and reward stylists who start their businesses. Working in the Jumpstart program allows you to earn products to complement your kit, which you can use or sell, as well as sales aids and even cash.
What Makes Color Street Nail Polish Strips Unique?
Color Street Company has only one Beauty product, which is Nail Polish Strips. This product is the backbone of the company which makes the company a strong force in the Nail Polish Market.
By the way, this company not only manufacture Nail Polish on the Market but also their also provide printed Pattern on paper rather than actual nail polish.
Is Color Street a Scam?
No, Color Street MLM is not a scam. Yeah, I think, now you can overcome your fear to join the Company and become a Consultant of company, Color Street Stylist.
You can make money from Color Street and they provide legitimate products that many people want. Building a profitable, successful MLM business is entirely possible. But there are much better ways to build a business than MLM.
And unlike Color Street MLM, it actually provides real proof of real success from real people just days ago. If you want to become a Distributor, you also have better options than Color Street.
Is Color Street a Pyramid Scheme?
No, Color Street is not a Pyramid Scheme. Color Street is a legal MLM company in the United States. Here, in the MLM company, you need to sell their products and make a profit from the sales, as Color Street Stylist. So you don’t need to hire more salespeople below you.
But, if you recruit other people under you and make a team, your profit will be high. Because, While you may be encouraged to hire other salespeople whose retail sales will increase your profits, you may also choose to sell products directly to customers.
Color Street MLM Pros and Cons
- Color Street MLM company is still very popular, though, it was launched in 2017.
- The Main Product of the company is Nail Polish Strips which make the company Color Street MLM has unique selling points
- Color Street MLM provides a replica website to sell their Product.
- The Joining Fess of the Color Street Company is very Cheap which is about $129.
- Color Street’s products are pretty cool.
- The success rate of the Color Street company is low. According to Color Street’s income disclosure, stylists earned an average of $178.06 per year in 2018.
- Colorful street products are more expensive than other companies’ products.
- Only one in every 294 people of Color Street company, earns more than $28k a year which is low than other companies.
- The BBB rating of the Color Street company is F.
- With MLM, it is extremely difficult to succeed, we also know the success rate of MLM is only 0.04%. The Same Problem is also with Color Street MLM Company. In most cases, people will lose money while joining. Commissions will be generated from products priced at $11-$13, so you won’t earn much per sale.
So, here is my last verdict from Color Street MLM Review. Overall, I do not recommend joining the Color Street company to build a strong Network, it takes more than thousands of days. In addition, apart from this, you can buy and use their Nail Polish Products, it really good. However, I hope you got full information about Color Street MLM company from this review.
Now, I’d like to know from you:
Which company’s Nail Product you are using Now?
Do you want to join Color Street MLM company to make money?
Let me know in the comments section now.
Other MLM Company’s review:
I am Somraj Mondal. I am a College Student, Blogger, Networker, and Finding Ways To Make Money as a Student. I love to Explore new things and giving solutions to Problem which Problems People can faces. also, a Passionate Runner.
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