I would like to begin this review by first saying that I am not affiliated with World Ventures in anyway and never have been so you can feel comfortable in knowing that what you read is a completely honest and unbiased review of the World Ventures network marketing business opportunity.
Travel is a very popular business, with over $8 Trillion being spent on it world-wide every year. For this reason, home-based businesses in the travel niche are also very popular and World Ventures is one of the more popular of those companies.
When you join, you become an LTC (Leisure Travel Consultant). You are in effect becoming an online internet travel agent, competing with the likes of Travelocity, Expedia, and Orbitz.
How Much Does World Ventures Cost To Join?
The cost to join World Ventures is $199 upfront and $24.95 per month. You are basically becoming an online travel agent. What you receive for your membership could be described as an online travel business “business in a box”. This includes an online retail travel website, online travel tutorials and exam, along with opportunities for higher level travel industry training. Your primary differentiating products are “Dream Trips” – exclusive vacation packages – and World Ventures expects to be offering over 200 this year.
The World Ventures Management Team
World Ventures was founded by Wayne Nugent and Mike Azcue in Plano, Texas and officially launched December 10, 2005. This longevity is a very good sign for anyone looking to join World Ventures. Network Marketing businesses come and go, with the vast majority having a very short shelf-life. World Ventures maintains office space in Plano and employs a corporate staff has over 165 people. At least you know that this is a real business and not being run out of somebody’s bedroom!
Can I Make Money If I Join World Ventures?
This is where it gets a little foggy for me. I mean, of course you can because people are but I want to let you know if the average network marketer can make money with World Ventures.
First of all, the travel industry has undergone a major overhaul over the past few years of how travel is booked. While you used to book your trips through travel agents, most of us book online now. The commissions that travel agents receive have been virtually eliminated as their margins have been made very thin. You are basically looking at a 10% profit margin on booked-travel, and this EXCLUDES airfare as the airlines no longer pay commissions. Bottom line…you will need to book a lot of travel to make decent money.
But, let’s take a look at selling the business opportunity. That’s what you are looking for as a network marketer anyway (I’m sure there are better companies if you just want to be a travel agent!)!
The World Ventures compensation plan is based on the binary compensation model, like a majority of MLM companies. Those of you who know me know that I do not like the traditional MLM compensation model because most network marketers can not recruit enough people to be successful. This is because they are unable to generate enough targeted network marketing leads to make sales. Assuming that you can, you can definitely make money with this compensation plan.
To view the World Ventures compensation plan, CLICK HERE.
In my opinion, World Ventures offers a legitimate home-based business opportunity with real products and training. This company is not a scam and leadership looks strong and has a long-term vision. The compensation plan model is not my favorite as it really requires you to recruit a lot of people to your team to be successful but some people like it and you can definitely earn a substantial residual income if you work hard and build a very large and dedicated team.