The CBD based product industry is not a billion-dollar industry for nothing. The way the industry has shown growth, especially in the past few years, has been thrilling for many companies in the business.
The business potential for CBD based products has been on a high since people realized the benefits that Cannabis can have on their health. And, hence, companies have been taking advantage of this fact and curating and developing products that work on this idea to offer various health benefits to consumers.
Another such company dealing in the CBD based products is “Wellness BioSciences Rx.” It is another multi-level marketing and network marketing company offering CBD based nutritional supplements.
Do you know that you can start your own CBD business
without having to recruit anyone?
What Is Wellness BioSciences?
Wellness BioSciences Rx is a company that claims to provide various nutritional supplements in the form of their CBD based products.
Still, at the end of the day, it is only a network marketing company.
The company claims to “bridge the gap between provider and patient.” By offering their products, they also provide a business opportunity where individuals can earn through retailing their products and recruiting members in their business model.
The minds behind founding this company are Barry Cocheu and Sean M. Baker, initiated on August 24, 2018; the company is headquartered in Houston, the USA. The market niche that the company focuses on is health and wellness through its CBD-infused products.
CBD is derived from cannabidiol, found in the Cannabis Sativa plant in the form of compounds. Hemp and marijuana also originate from the plant, but CBD stands different from these two.
CBD is also extracted carefully, not taking in any negative effects or compounds of the hemp or marijuana. It is processed in a medical constraint standard for providing all the positive results and mixtures of the plant that offers health and wellness benefits.
Wellness BioSciences Rx claims to have the finest of the benefits from their CBD products and also an excellent business opportunity for individuals to benefit financially as well.
Let Us Know About The Founders And The Lawsuits They Were Caught In
Barry Cocheu, the founder and currently the CEO of Wellness BioSciences Rx, was initially associated with a nutritional supplement company named “Amerisciences.” Which later on stopped its operation ahead of some of the legal issues the company faced. Cocheu worked as the CEO of Amerisciences and by the end of 2011; the company was in “dire financial straits.”
Recently, a lawsuit filed by Amerisciences featured Cocheu on BehindMLM as a defendant. After getting bail, Cocheu joined another company named Organo Gold in 2012 and later in the same year, Amerisciences closed down their MLM operations.
Cocheu was jointly held liable for 3.4 million dollars and $610,482 in prejudgment interest. He even had to pay for additional punitive damages a charge of $150,000.
Baker, on the other hand, has been a successful business owner for the past 15 years. He generated an extra $11 million in a $400 million company.
What Are The Different Products That Wellness BioSciences Rx Offers?
The company claims that the manufacturing of its products is taken care of by Ph.D. scientists who also partner with healthcare providers. Their website talks about its products by saying: “Our products specialize in the development of the highest grade 100% USA-grown hemp oil rich in CBD, CBDA, CBG, CBN, CBC, and terpenes.”
There are four main products that Wellness BioSciences Rx offers as below:
These are CBD soft gels consisting of 30 capsules containing 99% of cannabidiol along with other extracts. The product is priced at $109.99.
WBRx Relief Balm – this is their least priced product at $99.99. It is a balm for giving relief in pain and for dressing sore.
WBRx Sleep (1 oz.)
This is an oral dropper without the infusion of terpenes and is a blend of melatonin and organic MCT oil. It is priced at $109.99.
WBRx Energy (1 oz.)
This product also comes as an oral dropper. It consists of CBD isolates, tinctures, and organic MCT oils & also comes with a blend of other vitamins and compounds.
This is priced at $440 and includes all of the above products.
How Can You Join Wellness BioSciences Rx?
To become a member at Wellness BioSciences Rx, the company offers different packages that provide materials for members to get started as below:
Registration fee – for completing your registration with the company, you either pay a registration fee or pay for a rank package. The registration fee comes at $49.95, which includes a mobile app, marketing website, back office, but no products. For products, you need to buy sample products.
Silver pack – including the things in the registration fee, you also get a WBRx combo pack with one extra relief balm. It is priced at $499.95.
There are other packages as well, including Gold pack ($1,324.95), Diamond pack ($2,449.95), and Platinum pack ($3,799.95).
Searching For A Legitimate Online Business?
>>Check My No1 Recommended Program<<
How Is The Compensation Plan At Wellness BioSciences Rx?
Not much has been mentioned about their compensation plan on their website. Still, a few bits of information from the Internet has been found out on the same as below:
Retail commissions – commissions can be earned by selling the products directly to customers at a retail price.
Residual commissions – these are the commissions that can be earned on sales volume generated through the unilevel team.
Recruitment commissions – commissions are earned by affiliates depending on what the new affiliates spend when they sign up.
Production bonuses – this is a percentage you earn on the generation of retail volume by director or affiliates at higher ranks.
Infinity bonus – this bonus can be received only by the National Marketing Director (1%), and the affiliates ranked in the President’s Partnership Club (2%). It starts at the 7th level of the unilevel team.
Car and luxury travel bonuses – just like infinity bonus, only the National Marketing Director and the affiliates ranked in the President’s Partnership Club are eligible for this bonus. Still, no details are provided for the same.
Green Flags For Wellness BioSciences Rx
- It offers a 12-month buy-back guarantee, unlike its competitors, that only provide a money-back guarantee.
- Third-party testing has verified their products and also provide a product verification certificate on their website.
Red Flags For Wellness BioSciences Rx
- It has no accreditation or rating from the BBB
- It doesn’t provide information about their compensation plan on their website.
- It doesn’t provide any income disclosure statement.
- The company puts more focus on recruitments and not selling the products.
Is Wellness BioSciences Rx A Scam?
Although the company is not very old in the market still, it can be seen as a legit company and not a scam. They also offer products that have undergone proper research, but they lack in their business opportunity.
A company may sell anything different, but if it is in an MLM business model, then it gets tricky for anyone. What is even more appalling are the costly packages they offer for affiliates. If you are interested to be a part of the multilevel marketing company and to sell CBD products, you can also check Kannaway.
Getting into a business opportunity that only gets you into paying sizeable amounts in the beginning and not guaranteeing any returns is something that one should not opt for.
Is There A Better Business Opportunity?
A much better option of earning income from home is through Affiliate marketing where you don’t need to recruit anybody; in fact, you are your own boss.
We live in the 21st century, and our lives are drastically different from 1950 when multilevel marketing was invented. If you want a successful business, focus on online business.
You can, like me, launch an affiliate website, you can promote any products you want ( not just CBD products) from any company.
So why sell such a limited product range?
Commissions for affiliates range from 5% to 75% and include digital products, Amazon products, and recurring services.
Last year, with my affiliate websites, I generated 4 figures each month and I can show you how to make them using the same training.
Of course, you can promote whatever you want and keep all your earnings (don’t share it with your upline).
Affiliate marketing is much easier to understand and makes you earn good income monthly, which only requires your marketing skills online.
But don’t worry. If I, as a single mother with three children, without prior education, managed to learn how to make serious money online, you will succeed, too!
Having been part of several MLM companies, I realized that all of them ( including Wellness Biosciences Rx) has an alike story. Health and Wealth, travel, and abundance promise you, while in reality, less than 1% (top of the pyramid) succeeds in doing so.
As I like to travel and do not like to depend on working hours, or whether my downline in TruVision will do a good job and secure me a percentage, I have taken circumstances into my own hands.
Not only do I earn four digits a month, but I also work when I want and travel where I want!