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Home-based businesses are a very attractive option for anyone that wants to earn money and have a flexible schedule. Tranont is a company that offers you the opportunity to develop a home business by earning commissions through the sales of their health and wealth products. In this Tranont MLM review, I’ll take a look at whether this opportunity is worthy of your time.
What is Tranont?
Tranont is a multi-level marketing (MLM) company located in Utah. They have been in operation since 2013 and focus on health and wellness products as well as wealth products. The company operates in the United States and Canada only. In March 2017, Tranont was involved in a civil action lawsuit. The Plaintiff accused Tranont of wiretapping, defamation, unfair and deceptive trade practices, among other charges. It was recommended that the case be dismissed. It is unclear what the final verdict is.
Are Tranont Products Worth Their Price?
Your success with Tranont, or any MLM, is heavily dependent on the quality of the products you sell. So let’s take a look at the products on offer with Tranont and see if they are actually worth the price. Tranont offer nine health products–two of which are bundles or packs. There are eight financial products. Two are single products. The rest are bundles or packs.
Tranont Health Products
One of their more expensive single items is the ICARIA Glow Collagen. This is a drink and comes in chocolate and strawberry in 30 oz bottles. It’s priced at $89. You are meant to drink two tablespoons per day. This product claims to rejuvenate skin, hair and nails and give your skin a beautiful glow. Unfortunately, none of the products have been FDA approved. You can purchase products on the website but you can also purchase similar products on Amazon that are cheaper and that have more reviews.
Tranont Financial Products
Tranont also have a number of financial products. Financial products include Taxbot, Tranont Credit, Tranont Defend as well as bundled packages. For instance, once such product is Tranont Credit Services. This product is priced at $99 and claims to teach you how to improve your credit score. Tranont help you get a higher credit score by examining and evaluating your current credit situation and your financial goals. In order for this product to be effective, you must stay on the plan for about six months before you see any results. And results are not guaranteed. This product could end up costing you $600 instead of the $99 advertised.
The Tranont Tax Pack is $45 and focuses on taxes only. It includes tax advice and consultation and filings. The confusing part is that you only get access to the services after being on the package for six months? Needless to say, there are no reviews for this product.
With the exception of the Tranont Credit Services product, none of the other financial products have any reviews. And according to my research, the financial consultants are not licensed.
If you are wondering if these products are worth their price, I’d have to say no here. Especially with the financial products. No matter how good a deal you are offered here, financial consultants that are not licensed should be a definite deal breaker. The health products are not FDA approved. Like other MLM reviews, this will make promoting these products difficult.
The Tranont MLM Opportunity
As an Associate, you work for Tranont as an independent contractor. In order to make money, you will need to sell products and bring other people into the program. There are many levels you can work up to. Starting with Associate, you can then move up to Executive, Financial Consultant, 1 Star FC, 2 Star FC, Senior Financial Consultant, 1 Star SFC, 2 Star SFC, 3 SFC, Regional Financial Specialist, Vice President, Senior VP, President and CEO.
How Much Does It Cost To Join Tranont?
In order to become an associate with Tranont, you will need to submit an application form and $349. You will also have to pay a $49 annual membership fee that must be paid each year on the anniversary of your signup date.
Can You Make Money With Tranont?
The commission structure is quite complicated. Like with most MLMs, you are encouraged to get others to sign up to be Associates and create a “downline” where you would get part of the commissions of anyone you bring in. This is in addition to selling these products as well.
The compensation plan is quite complicated. It includes a Dual Compensation plan, residual income, seven commission generators and leveraged sales among other plans. Not all products generate commissions. Any products that generate commissions are assigned a PV (personal volume) value.
The image above is just one of the compensation grids in the Tranont Policy Manual. In order to qualify for commissions, you will need to meet certain thresholds which include having an active status. An active status requires 100 PV within a given month as well as being up to date with your yearly membership fee.
Pros of Tranont
- According to the BBB (Better Business Bureau), Tranon has an A+ rating.
- You are not required to purchase products to remain a Tranont Associate
Cons of Tranont
Unfortunately, Tranont has a lot of drawbacks that can really hit you in your wallet. There are a lot of fees associated with being an Associate here. Drawbacks include:
- No Licensed Financial Consultants
Tranont financial products are not administered by licensed financial consultants. This means that you probably will have no recourse if your personal financial information is mishandled.
- Operates only in the U.S. and Canada
If you reside outside the U.S. or Canada, you won’t be able to join Tranont
- Hefty Application Fee
To become an Associate, you will need to complete an application form and pay a fee of $349.
- Monthly Subscription Fee
In order to have access to the products and the right to sell products, you will be required to pay a monthly fee of $125.
- Yearly Membership Fee
You will also be required to pay a yearly membership fee of $49.
- Hidden Costs
You’ll have to pay all your own expenses including travel, lodging, phone expenses and any and all miscellaneous expenses. In addition, you will be charged a $3 check fee for all commission payments made to you.
- No Guaranteed Commissions
As with all of these types of programs, there are no guaranteed commissions. With this particular program, you have to pay a lot of money upfront before you even start selling products.
- Even The Bonus Will Cost You
Would you like a new Jeep? If you manage to recruit 1,200 people, you can qualify for a Jeep! Now for the bad news. As an Associate, you will have to secure the lease/loan payment. Tranont will pay $500 a month toward the monthly payments and will continue to pay as long as you provide proof of ownership on a quarterly basis. So what happens if Tranont goes bankrupt? YOU are stuck paying for your bonus!
There is a silver lining, though. You don’t have to take the Jeep. You can agree to receive a $250 monthly bonus instead.
- Inactivity Will Cost You — MORE!
If you are inactive for 90 days or more, you end up in a “soft probation.” In order to reactivate your account, you’ll have to pay a $149 reactivation fee in addition to a $125 CORE membership fee. Tranont can terminate your account after 30 days of non-activity or non-renewal. If you paid any fees during that time, they are non-refundable.
Is Tranont A Scam?
This is probably one of the more shadier MLMs I’ve come across simply because of all the fees involved. Not to mention, there are not a lot of great reviews for the products. Most of the products have no reviews at all. Even the one product, the ICARIA Glow Collagen drink, has only five reviews. If these products are so great, why don’t we see more glowing reviews? I can’t say that Tranont is indeed a scam, but based on what I found out, I would advise you to look elsewhere.
There are plenty of reasons why you shouldn’t get involved with Tranont. It’s compensation structure is fairly complicated not to mention all the money you have to pay upfront before you even get started. There’s got to be an easier way, right? Your success will depend on selling products that have not been approved by the FDA and financial products supported by non-licensed financial consultants.
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