Coway is a company that offers air purifiers, water filters, and other home appliances. They also offer an MLM opportunity where you can earn money by selling their products. In this Coway MLM review, I will explain what the Coway company is about, and what products they offer. I will then go over the opportunity they offer to earn money with their products. So, let's open the book to see if they are really legit.
What is Coway?
Coway is a company that offers air purifiers, water filters, and other home appliances. They have been in business since 1998 and are headquartered in South Korea. Coway has over 4000 employees worldwide and operates in over 60 countries.
What is Coway's Product Line?
Coway offers a wide variety of products, but the main ones are air purifiers and water filters. Coway has many different types of air purifiers, including those designed for allergies, pets, smoke, and chemical sensitivities. They also have a line of “smart” air purifiers that connect to an app on your phone to track air quality.
Coway's water filters are designed to remove impurities such as chlorine and heavy metals from your drinking water. Coway also has a line of “smart” water filters that connect to an app on your phone to track water quality. Coway's other products include humidifiers, dehumidifiers, and bidets.
Are Their Products Worth the Price?
Coway's products are quite pricey. Coway air purifiers start at $250, with the “smart” ones going up to $1000 or more. Coway water filters also start at around $200 and go up from there. Coway's other products are also on the expensive side, but not as bad as their air purifiers and water filters.
What is the Coway MLM Opportunity?
The Coway MLM is a network marketing opportunity to sell its line of products. You can become a Life Care Specialist by signing up via a local Coway branch office and purchasing one of their starter kits. As a Life Care Specialist, you have the option to become a “preferred customer” or an “independent business owner.”
As a preferred customer, you receive a discount on Coway's products. As an independent business owner, you receive a commission on the products that you sell. Coway also offers other incentives such as car bonuses and trip rewards.
How Much Does it Cost to Start?
It costs $199 to become a Coway Life Care Specialist. This includes the purchase of a starter kit, which contains products and marketing materials. Coway also offers a free sign-up option, but you have to pay $49 for shipping. Coway distributors are required to purchase Coway products monthly to get paid commissions.
Can You Make Money with the Coway MLM Opportunity?
Coway offers a generous compensation plan. Coway Life Care Specialists can earn commissions up to 40% on the products that they sell, and Coway offers bonuses of up to $50,000. Coway also has a car bonus program where you can get paid for driving around in a Coway-branded vehicle. Coway's top earners make over $100,000 per year.
The Coway MLM opportunity is not a scam. You can make money by selling their products. However, I do not recommend becoming a Coway distributor because their products are too expensive and the company is not very reputable. Their products are also only sold through distributors, so you won't be able to find them in stores.
Pros and Cons of the Coway MLM Opportunity
- Generous Compensation Plan
- Car Bonus Program
- Expensive Products
- Company is Not Very Reputable
- Products can be Hard to Sell
Is it a Scam?
Coway is not a scam. Coway distributors can make money by selling Coway products, and Coway offers a generous compensation plan with bonuses of up to $50,000.
However, as I said before I would not recommend joining their MLM as it would be a real struggle for you to make any profit. Their products are simply too expensive and Coway is not a reputable company.
I do like the products that Coway offers and would try them out myself. However, the prices of these products are pretty up there, and I don't know if I'd pay $1000 on an air purifier.
This is where the issue is with actually being a part of this MLM opportunity. The prices of these products would have a lot of consumers looking the other way. So, it would be really hard for you as a distributor to make sales.
Another factor is that you will have to purchase these sales kits monthly if you are to make any sort of commission. To put it bluntly, all I see is you hemorrhaging money with this MLM.
There is Another Option to Earn an Income
If you are looking to earn an income online, I suggest affiliate marketing. Affiliate marketing is where you earn a commission for promoting other companies' products and services. Coway does offer this option, but it's not marketed as well as their MLM opportunity.
- Affiliate marketing offers several benefits over the Coway MLM opportunity
- No recruiting is required
- You can promote any products you like
- You can start for free
There is no monthly purchase requirement
Affiliate marketing also offers the potential to make a lot more money than Coway does. Some affiliate marketers make six figures per year.
I suggest checking out my #1 free training platform below which will teach you everything you need to know about affiliate marketing.