HempSmart is a company specializing in CBD-based health and wellness products, offering individuals the opportunity to become affiliates and earn income through product sales and recruitment. Founded in 2015 by Don Steinberg, HempSmart operates as a subsidiary of the Marijuana Company of America (MCOA) and is headquartered in Escondido, California. The company has expanded its reach to international markets, including the United Kingdom and the Netherlands.
Product Line
HempSmart's product range includes:
- Tinctures: Available in various flavors and strengths, these can be taken orally or added to food and beverages.
- Vape Oils: Offered in multiple flavors and potencies.
- Edibles: Gummies, capsules, chocolates, and other edibles with different CBD dosages.
- Topicals: Lotions, balms, and creams designed to soothe sore muscles and joints.
- Beverages: Organic hemp extract-infused drinks.
- Pet Care Products: Treats, tinctures, and topical creams for pets.
- Health and Beauty Products: Facial creams, lip balms, and dietary supplements.
The company emphasizes the use of natural ingredients and third-party testing to ensure product quality and safety.
Business Model
HempSmart operates on a multi-level marketing (MLM) model, allowing affiliates to earn income through direct product sales and by building a team of distributors. The compensation plan includes:
- Direct Sales Commissions: Earnings from personal sales.
- Team Commissions: Earnings from the sales of recruited team members.
- Leadership Bonuses: Additional earnings for achieving higher ranks within the organization.
The company offers various starter kits for new affiliates, ranging from $49 to $499, each containing different product assortments.
Pros of Becoming a HempSmart Affiliate
- Low Initial Investment: Starter kits are relatively affordable compared to other MLMs, with options starting at $49.
- Natural Product Line: The emphasis on natural, organic ingredients appeals to health-conscious consumers.
- Training and Support: HempSmart provides training materials, webinars, and personal support to help affiliates build their business.
Cons of Becoming a HempSmart Affiliate
- Market Saturation: The CBD market is highly competitive, making it challenging to stand out.
- Monthly Sales Quotas: Affiliates may need to meet monthly sales targets to remain active, which can be difficult without a substantial customer base.
- Negative Perception of MLMs: Some individuals are wary of MLM structures due to concerns about pyramid schemes.
Member Feedback
Some affiliates have expressed satisfaction with HempSmart's products and business model. One member stated, "HempSmart offers a legitimate opportunity to become a distributor and earn extra income."
However, others have noted challenges. A review highlighted, "The company’s starter kits are relatively expensive, making it difficult for those with a limited budget to get started."
Conclusion
HempSmart presents an opportunity for individuals interested in the CBD industry to earn income through product sales and team building. While the company offers a range of natural products and provides support to its affiliates, potential members should carefully consider the competitive nature of the CBD market and the challenges associated with MLM structures. Conducting thorough research and evaluating personal sales and recruitment abilities are essential steps before joining.