Amare Global is a company that offers a “business opportunity” to sell its products. Should you join this company? Is it possible to make money with Amare Global? Let’s discuss it!
As a reminder, I have an MBA, I am a Certified Public Accountant (CPA), and have almost 15 years working in finance and accounting. These are my opinions based on researched facts and my understanding of those facts. However, this is not legal, financial, or tax advice. If you need legal, financial, or tax advice, you should reach out to a professional for a 1:1 chat! All opinions are my own.
To jump directly to the PDF of the compensation plan and income disclosure click here.
Can You Make Money with Amare Global – Opinion Up Front
Amare Global is a network marketing or a multi-level marketing (MLM) company. Some people will make money in an MLM, but a lot of people won’t. To rank up in MLMs, including Amare, you will need to build a team (downline) to achieve better bonuses. You will also need to make sure you are buying products or selling a lot of products to remain active. The average active Member in Amare earned only $71.47 monthly (before taxes, expenses, and product purchases). You could end up spending a lot of time sending cold messages and making social media posts with no results.
Also, the main way to make money in MLMs is by recruiting others to join, which often results in them spending money and not making money, however, it makes their upline money. In my opinion, people are often recruiting into MLMs dishonestly and then lose money while those that unethically recruited them profit off their deception. Oftentimes, when being recruited into MLMs, they will make claims of getting rich quickly, as long as you work the business, you’ll be successful and all you have to do is share the product to make money. None of those things are true. I rarely see anyone recruiting into an MLM discuss that recruiting is the main way money is made.
What is Amare Global?
Amare Global has been in business since 2016. The company has dubbed itself “The Mental Wellness Company”. It is a direct sales, multi-level marketing (MLM) company.
Who Started Amare Global?
Hiep Tran started Amare Global in 2016. Prior to founding the Company, he co-founded Meritus Payment Solutions (which was purchased by Optimal Payments and renamed Paysafe along the way). According to this article, Optimal Payments acquired Meritus Payment Solutions for $210 Million. Tran stayed on as the company’s CEO until founding Amare.
What Does Amare Global Sell?
Amare sells various “health and wellness” products – categories such as sexual wellness, personal care, mental fitness, confidence & weight, gut health, and essential nutrition. They also sell products marketed for kids & teens. I would strongly suggest doing research and talking to your doctor before starting any supplement.
What is the Amare Purple Pill?
The purple pill that is sold by Amare is their Amare GBX (Gut-Brain Axis) Fit. They claim it is the world’s first QUADbiotic and contains a probiotic, prebiotic, phytobiotic, and postbiotic.
Are Amare Global Products FDA Approved?
Amare Global Products are not FDA-approved. However, this is not unusual. Supplements do not need to be approved by the FDA to be sold. In fact, according to the FDA itself, they do not have the authority to approve dietary supplements.
What is the Amare Global Business Opportunity?
Amare is a multi-level marketing (MLM) company, which you can read more about below. If you decide to join Amare, there will be only a small percentage of people that will make money. The average monthly income for active members was only $71.47 per month, before any expenses or product purchases. In any multi-level marketing company, you will need to recruit other people to join Amare to earn large bonuses and make the most money. There is a much smaller focus on selling products than recruiting others. Your upline (those that recruited you) will encourage you to recruit others and rank up, because the more you rank up, the more they rank up and the more money they make.
What is Multi-Level Marketing?
Multi-level marketing is a direct sales model. Direct sales are when a company distributes products through salespeople vs. through an online or in-person store. Multi-level marketing is a version of direct sales where there are also incentives and compensation plans set up to encourage recruiting others into the business model. The majority of people in MLMs do not make money, however, some do. To read more about multi-level marketing companies you can see this article here, where I try to cover all the various someone could have on multi-level marketing companies.
How Much Does it Cost to Join Amare Global?
To join Amare Global costs $69.95 annually. This means, to stay active in the business you must pay this non-refundable $69.95 each year. Once you pay this fee, you are considered a Wellness Partner (WP). If you decide to quit the business you will not get any of the annual fees back, but can return unopened products for a refund that were purchased within the last 30 days. However, you will need to pay the shipping costs.
How Much Can you Make Selling Amare?
With any multi-level marketing company – there is a small percentage of people who make a lot of money while the majority make much less money. Per a review of their published income disclosure statement, the average range of income per month could be $0 to $50K per month. However, the majority of people (over 98%) do not reach the rank of Silver Heart Mentor where the average income is $1,000 per month. In fact, 86% of people average about $25 in monthly commissions, which might be on products they buy themselves. The odds are not in your favor in any multi-level marketing company.
Amare Global Income Disclosure Statement
An income disclosure statement is not required of MLMs, but many have them. Amare is one of the MLMs that does have an income disclosure. Based upon a review and understanding of its May 2021 – April 2022 income disclosure statement, here are some statistics:
- The average monthly income (before any expenses and taxes) for all active members is $71.47 or about $858 per year
- Only about 0.1% of members make it to the top ranks of the company – the Servant Leader Ranks. These are the ranks that make on average $200K or more per year
- 86% of active members earn on average $25 per month, which is significantly less than the 100 PV that is required to stay active
- In fact, 92% of Amare members on average make less than the required 100 PV to remain active and rank up
- 97% of all Amare Global members make on average less than $5,000 annually, before income and takes
Amare Global Compensation Plan
The company has a compensation plan that has different types of compensation based on your rank. Here is a brief summary, but for the full details, you can review the PDF of the compensation plan here.
- Personal Customer Bonuses
- Commissions earned off the sale of products purchased by themselves, personally enrolled customers (including Wellness Partners enrolled) as long as you meet the 100 PV requirement. The commissions range from 5% to 35%, and the commission increases the more product sold.
- Heart Start Bonuses
- The Heart Start period is your first 60 days involved in the business. These are additional bonuses to accelerate your earnings in the first couple of months. This stops after 60 days. This is a somewhat common approach in multi-level marketing. Most likely to boost new reps’ confidence (to hook them in maybe?).
- Unilevel Bonuses
- These are bonuses paid up to 7 levels deep on downline sales. The bigger the team, the more bonuses are earned.
- Me and Three Bonuses
- The idea behind this bonus is to be rewarded for recruiting people to your downline and getting them to sign up for a subscribe and save program (meaning they get products shipped directly to them each month). If you sign up to get at least 100 PV or product auto shipped to you and get 3 people to sign up for this program, you will receive a monthly bonus of $135. If the three people you originally recruited enroll three people to sign up for this program, then you receive additional bonuses.
- Bonus Pools
- You become eligible for these bonuses once you reach the level of Silver Heart Mentor or above. Therefore, only about 2% of people in the company become eligible for these payments. This pays an additional bonus based on your level and how many sales there were in the month. Eligible members earn based on the company’s performance and rank.
- Go Forward Infinity Bonuses
- If a member earns a rank of Servant Leader or higher (less than 0.1% of the company) they earn a bonus for any new legs they recruit into the business.
There are a couple of definitions you’ll need to understand regarding the compensation plan rank requirements:
- WP = Wellness Partner – someone who has paid the startup fee to enroll in the Amare Business Opportunity
- PV = Personal Volume – product purchased both by the WP and their personal customers
- OV = Organization Volume – is the PV of the WP and their entire downline
Note: All earnings and percentages listed by ranks below are from the income disclosure statement covering May 2021 – April 2022, the PDF can be found at the bottom of this article or by clicking here.
These are the four ranks in the compensation plan. In total 97% of all Amare members fall into these ranks, with the majority (91%) earning on average less than $1,000 per year before taxes and expenses.
- Wellness Partner
- 86% of all Amare members
- On average earns $25 per month or $300 per year, before taxes and expenses.
- Someone who has paid the enrollment fee but hasn’t met the requirements of the One Heart Partner yet.
- One Heart Partner
- 6% of all Amare members
- On average earns $48 per month or $576 per year, before taxes and expenses.
- Rank requirements: 100 PV and 300 OV
- Two Heart Partner
- 3% of all Amare members
- On average earns $187 per month or $2,244 per year, before taxes and expenses.
- Rank Requirements: 100 PV and 750 OV
- Three Heart Partner
- 2% of all Amare members
- On average earns $317 per month or $3,804 per year, before taxes and expenses.
- Rank Requirements: 100 PV and 1,500 OV
In total, 2.6% of all Amare members fall into these ranks. With the majority falling into the Bronze and Silver Heart Mentor Ranks.
- Bronze Heart Mentor
- 1.5% of all Amare members
- On average earns $564 per month or $6,768 per year, before taxes and expenses.
- Rank Requirements: 100 PV, 3,000 OV, and with at least 3 legs at the One Heart Partner rank
- Silver Heart Mentor
- .65% of all Amare members (less than 1%)
- On average earns $48 per month or $14,160 per year, before taxes and expenses.
- Rank Requirements: 100 PV, 5,000 OV, and with at least 3 legs at the Two Heart Partner rank
- Gold Heart Mentor
- .3% of all Amare members (less than 1%)
- On average earns $2,342 per month or $28,104 per year, before taxes and expenses.
- Rank Requirements: 100 PV, 10,000 OV, and with at least 3 legs at the Three Heart Partner rank
- Platinum Heart Mentor
- .14% of all Amare members (less than 1%)
- On average earns $3,107 per month or $37,284 per year, before taxes and expenses.
- Rank Requirements: 100 PV, 15,000 OV, and with at least 3 legs at the Bronze Heart Partner rank
In total, only .21% (that is less than 1%) of all Amare members fall into these ranks. And while they do earn a decent income amount, there are only very few people earning at these levels.
- .15% of all Amare members (less than 1%)
- On average earns $4,855 per month or $58,260 per year, before taxes and expenses.
- Rank Requirements: 100 PV, 25,000 OV, and with at least 4 legs at the Bronze Heart Partner rank
- Senior Leader
- .04% of all Amare members (less than 1%)
- On average earns $6,488 per month or $77,856 per year, before taxes and expenses.
- Rank Requirements: 100 PV, 50,000 OV, and with at least 4 legs at the Silver Heart Partner rank
- Executive Leader
- .02% of all Amare members (less than 1%)
- On average earns $9,189 per month or $110,268 per year, before taxes and expenses.
- Rank Requirements: 100 PV, 75,000 OV, and with at least 5 legs at the Silver Heart Partner ran
Servant Leader Ranks
The top earners fall into these ranks. Less than .1% (one-tenth of one percent) of people fall into these categories. But those that do, on average, have very high earnings. To meet the requirements of these teams, you must have recruited people who have also been very successful in recruiting others. This is why there are so few people at these ranks.
- Servant Leader
- .03% of all Amare members (less than 1%)
- On average earns $16,716 per month or $200,592 per year, before taxes and expenses.
- Rank Requirements: 100 PV, 125,000 OV, and with at least 6 legs at the Silver Heart Partner rank
- Four Heart Servant Leader
- .01% of all Amare members (less than 1%)
- On average earns $26,137 per month or $313,644 per year, before taxes and expenses.
- Rank Requirements: 100 PV, 250,000 OV, and with at least 6 legs at the Gold Heart Partner rank
- Five Heart Servant Leader
- .03% of all Amare members (less than 1%)
- On average earns $53,002 per month or $636,024 per year, before taxes and expenses.
- Rank Requirements: 100 PV, 400,000 OV, and with at least 6 legs at the Gold Platinum Partner rank
Is Amare Global a Pyramid Scheme?
There have been no legal proceedings against Amare Global to go after it as a pyramid scheme. However, the FTC does warn that multi-level marketing and pyramid schemes can look similar. There are some reviews on the Better Business Bureau that state it is very difficult to get out and people are losing money. But, under the current laws, there is not enough evidence to say that Amare Global is an illegal pyramid scheme under the law.
It is my opinion multi-level marketing companies are unethical. Their income disclosure statements reveal the majority do not make money. Amare publishes its own income disclosure showing some people make money, but the majority won’t. The majority will also lose a lot of time, as there is no compensation if you don’t sell products or recruit others. It isn’t something I would enjoy doing or investing time in, but if you decide, make sure you know you’ll be recruiting others to earn the big bucks. Those you recruit will likely lose money. That doesn’t feel right to me.