Nice! A nail color I could do right from home. I get my nails done every three weeks. I head to a nail salon and sit for an hour while they fix me right up. But I’m a busy girl, and it seems like a waste of an hour, although in spite of the time spent, I do like the way my nails look. I wonder if I could do my nails from home and use the Color Street MLM part of this business to make some money in the process. Sounds like a good idea? Right?
So let’s take a look at all of the inner and outer workings of color Street MLM company for you and me; after all, we want to make a well-informed decision.
Today we will dive into the MLM portion of Color Street nails.
|Cost to Start:||$129|
|My Overall Rating:||2/5|
|What is Better:||The Laura Method (Affiliate Marketing)|
Who Is Color Street?
Color Street is a nail polish company founded by Fa Parks in 1988 in New York City’s style capital of the world. The beginning of Color Street is a story for all American dreams. Fa Park was sitting in traffic on a busy NYC street when he looked over and saw a lady in a cab attempting to polish her nails. His mind went to work to develop a better way which resulted in hard work and long hours. Ultimately, he designed a dry nail polish on the top but sticks to the nail on the bottom; thus, Color Street came into existence with the “100% nail polish strip.”
But the MLM selling model was started in 2017, long after the invention of Color Street nails. Not to mention here is some information that will come in handy later, is Incoco is the parent company of Color Street. With this in mind, remember that this information will come in handy near the end of our review.
Is Color Street An MLM?
Yes, 100% Color Street is an MLM. A Color Street Representative joins and recruits others to do what they do. This is called a downline, as indicated in the Description Of an MLM in the next paragraph. Not to mention, a Representative follows a compensation plan to make money according to a percentage their downline makes. And it goes on and on from there.
What Is MLM (Multilevel Marketing)?
An MLM, or Multilevel Marketing company, is a type of business that relies on its sales force to recruit additional salespeople below them, thus creating a “downline.” These salespeople then receive commissions on their sales, as well as the sales of people they’ve recruited into the MLM.
While some people view MLMs as pyramid schemes or get-rich-quick opportunities that make up for their low pay with quick money from one’s own downline, other people use MLMs to actually make an active income.
While others work hard at their MLM business and never break even so to be on the safe side, it’s important to do your research before deciding whether or not an MLM is right for you.
What Products Does Color Street Offer?
Unlike many MLM companies, Color Street only has one product, stick-on nail polish. When I looked at the website, there were way too many styles to count. But with this in mind, remember that you can find a color and style to fit every need.
A Clifton, NJ facility manufactures Color Street Nails. Each nail is patented with a base coat, a color coat, and a topcoat and has a sticky back that adheres to your nail. Color Street boasts nails in minutes, and when you want to change the color, just remove them with nail polish. Now, how cool is that?
When you stick the nail polish on your nail, it will last about ten days before replacing them. But your choices of colors are phenomenal, not to mention a person can find every design needed with Color Street.
Color Street Nail Reviews
How Can You Become A Color Street Independent Stylist?
Not only can you buy Color Street nails, but the company is an MLM selling model. In other words, you can become a Color Street Independent Stylist, sell the product, and build a downline of people who also sell the product to make money. But just how does this all work? We will go into the compensation plan in just a moment.
Two Ways To Become A Stylist
- join on the Color Stree website
- join under someone who invites you
Price To Join
The initial cost to join Color Street is $129, which will include a starter kit of supplies worth $250. You get two months of website free, and after that, it is a $10 monthly charge.
$129 is a pretty good chunk of money if you raise a family and put food on the table. When you use all of the supplies in your kit, you will have to purchase more items to promote the product.
Color Street Compensation Plan
There are 3 phases and10 ways to make money as Color Street Stylist.
Marketing Phase–Money you make for what you sell only
- 1. Jumpstart bonus-it doesn’t say what this is other than for the stylist to check their website for the rewards and goals. I am assuming you get rewarded when you achieve a goal.
- 2. Commission on base retail-this is a weekly payout of 25% of everything you sell or your personal volume. It appears to me that you have to maintain a personal volume of $300 a month to be eligible to earn any other bonuses.
- 3. Commission on an enhanced scale-when you sell $600 to $2400, your commission increases 3% to 10% based on which amount of products you sell.
Leadership Phase-money you make on what your downline sells
- 4. Jump start bonus enroller match-looks like you earn 100% of what your downline earns. (this is hard to believe for me)
- 5. Bonus for enroller
- 6. Level bonus for leadership
- 7. Depth bonus for leadership
Executive Phase-pays you for training other Stylists. Which simply means you are building a large downline.
- 8. Bonus for your team
- 9. Bonus for Generations of your team
- 10. Bonus including car/lifestyle
I got lost in all of the bonus jargon. It is like any other MLM. The compensation plan becomes so complicated that all you see are dollar signs and never really consider what it all means. MLM companies do this on purpose. The more difficult it is, the less you can figure it out, the more likely you won’t see that only 0.04% make top dollar.
So, the bottom line is how much can you make selling Color Street Nails? According to the compensation plan and the income disclosure, 99.96% don’t make anything or don’t break even.
Link To YouTube Compensation Plan Video
Color Street nails have some pretty bad reviews on BBB. Most of the talk about the company support and how they don’t stand behind their product, coupled with the fact that the nails cause chemical burns and nail damage. One speaks of the MLM part of the company and how they are only out to make money and not stand behind their product, but on the other hand, many are completely happy with the Color Street product.
Remember earlier when I said that Incoco is the parent company of Color Street? All things considered, this is the soul truth. And for 3 years now, rumors say Incoco is phasing out, and Color Street Stylists will be the only ones selling the patented sticky nail polish. Never the less the truth is Incoco is not phasing out and sells the exact same nails at Walmart at significantly discounted prices.
Color Street MLM Stylist Reviews
Video On Incoco Vs. Color Street Stylists
It is the strangest thing; sometimes this video shows, and periodically it doesn’t so, I will post the link here if it happens to be a time that it is not available. This MLM is Not What it Seems…
Pros And Cons Of Selling Color Street
Selling Color Street has a few pros as well as cons. On the positive side, we will list a few pros and on the negative side, we’ll talk about some cons.
- On the positive side, you only have one product to sell and worry about
- The MLM model of Color Street is only 4 years old
- Only 0.04% of the stylists make top dollar.
- The product, sticky nails, is sold at Walmart and Ulta Beauty at a greatly discounted rate.
- The compensation plan is complicated to say the least
- The nail strips are known to cause chemical damage to your real nails
- If you don’t keep a personal volume of $300 per month, you can’t make bonuses
- 86% of the stylists make less than $2000 a year but at the same time may spend $3629 per year
Color Street Income Disclosure
Here is a screenshot of the percentage of what the different MLM levels make with Color Street in 2020. Keep in mind that you pay $129 to join, $10 a month for a website, and if you don’t sell $300 worth of products a month, you either do not get paid or buy that much in products yourself each month. You could be spending $3629 a year be one of the 86% that make $1993.49 or less per year.
Only 25% of MLM participants turn a profit. Please note that this says “turn a profit.” It does not say that 25% make money. After you take out expenses, very few make money.
Is Color Street A Pyramid Scheme?
Before I can answer this question, I need to help you understand better what a pyramid scheme is. A Pyramid scheme is a model where you get paid from people you recruit. With this in mind, know there are no products, and you pay money upfront with no guarantee of a return on your investment. A pyramid scheme is illegal in the US.
In light of this definition, then-No Color Street is not a pyramid scheme because you have products that you sell and promote.
Is Color Street A Scam?
Well, what is a scam? A scam is a fraudulent business where the company is dishonest in what they offer.
Although Color Street is called a scam by some, I have to say No, it is not a scam. Although Color Street sells the exact same nails in department stores, it is not a secret because anyone can find this information.
Video Overview Of The Color Street MLM Review
The Problem With MLM Companies In General
According to an FTC Government file, an MLM operation does not have a clearly defined definition. It calls MLM’s a” product-based pyramid scheme“ and compares it to an illegal chain letter. You know the letters you receive in the mail, it says to put a dollar in an envelope with a copy of the letter and send one to 10 people. Then if you do this, you will make a ridiculous amount of money.
The FTC Government document also states that MLM “is inherently flawed, unfair, and deceptive.”
My Recommendations Regarding Color Street MLM
I do not recommend Color Street MLM to make an income from home. The Cons clearly out weight the Pros.
The statistics are against you earning a lucrative income; in reality, 86% of stylists will lose money in the first year.
Color Street may not be a scam by definition, but they do run a dishonest business, in my opinion. They recruit stylists to sell the same product at parties in spite of the fact that the parent company offers huge discounts at Walmart and Ulta Beauty.
The percentage of Stylists that make the top dollar is only 0.04% which is below statistics for most MLM companies.
The compensation plan is confusing and complicated to keep you guessing and see only high numbers. You then believe you can make this kind of money which is rarely the case.