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Becoming a successful marketing business entrepreneur entails knowing all things network marketing. This includes the all-too-notorious pyramid scheme scams that have been going around in the multi-level marketing space.
If you’re new to this, however, you may have or may not have heard of the Monat hair product company that created a huge fuss in the MLM world—and not the good kind.
One thing’s for sure though, the Monat Pyramid Scheme Scam is definitely as real as it could get. To know more about this infamous company and why it was compared to as a pyramid scheme, join me as I discuss them in this article. Is Monat a Pyramid Scheme?
What is Monat?
Monat Global is a multi-level marketing company that focuses on selling hair products. It was founded in 2014 with headquarters located in Miami, Florida.
Their product line consists of shampoo, conditioner, hair rejuvenating vitamins or supplements, and scalp rejuvenation oil that claimed to be naturally based and promises to deliver nourishment to the hair. Being a relatively new hair company, Monat has managed to expand to other countries like Canada and the European Union.
Their fast growth can be accredited to the positive publicity it had in the starting years. However, their celebratory years were put to a halt when the company made it to the frontline of being a notorious pyramid scheme scam.
The truth behind the products of Monat
Contrary to the product claims of Monat, their hair products have been the center of bad talks among many customers and distributors. Hair loss, baldness, scalp irritation, and scalp injury are amongst the negative effects of using their products according to multiple customers.
Just like other MLM companies, the products of Monat didn’t go through the FDA. This fact alone should be a red flag to distributors who are considering joining the network.
While some people may not see eye to eye with the regulations of the country, it’s always a must for a haircare company to have its products tested by government agencies if they want to create a legitimate brand reputation.
Despite the good reviews of their products, the bad experiences of the customers seem to be the only thing that people now see when they hear or see anything associated with Monat.
What’s even worse is that all comments about hair loss or scalp irritation on the products are deleted by the Monat company, despicably hiding their faults. They even claimed that hair loss is just a temporary part of the ‘detox’ period prior to users experiencing the full benefits of Monat hair products.
The company not only blocked and concealed any degrading comments—honest comments—about their products, but they also failed to warn their consumers that their hair products can and do cause significant hair loss and/or scalp irritation.
Why is Monat referred to as a pyramid scheme?
Monat hair products have become so controversial that many people now associate this company with a pyramid scheme.
Compared to many beauty products that are sold in big box stores and salons, Monat uses an MLM scheme wherein they actively recruit people to become their so-called “market partners”, or in other words, distributors.
These market partners are then tasked to not just sell Monat products but also to market them via social media and various marketing channels. In line with this, the company has a sales platform that its market partners can use where consumers can place their orders.
As a result, when a market partner is able to recruit other market partners, the ‘original’ partners will have a share in the profits earned by their recruits. When you think of it that way, Monat, is without a doubt, one of those infamous pyramid schemes.
Even BBB.org has to bear the brunt of the Monat Pyramid Scheme scam
BBB (Better Business Bureau) known as the topmost rating site even have to face the onslaught of this networking nightmare. The non-profit organization has received around 600 complaints against Monat including Advertising/Sales Issues, Billing/Collection Issues, Delivery Issues, Guarantee/Warranty Issues, and Problems with Product/Service.
The most number of complaints are attributed directly to the products themselves, which, anyone could clearly deduce, that, indeed, there is something terrible and harmful in their products.
Final verdict
So, Is Monat a Pyramid Scheme?
Monat functions, like most multi-level marketing companies, offer multiple ways for you to earn money based on your own volume and the product volume that your downline sells.
Most consumers don’t mind paying a high amount for a product so long as it does what it claims—or at least it won’t do anything that may traumatize them.
MLM companies like Monat would’ve been a good network to generate extra income, if not for the fact that they’re facing lots of complaints and lawsuits, thus, it’s better for you to stay away from them.
If you want to know more about how to distinguish a pyramid scheme or any networking scam, for that matter, you can check out websites online that provide business review articles such as this one, networkmarketingnow.com.
Like other similar sites, they offer unbiased reviews on businesses and schemes to help you avoid falling into any network marketing scams.
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