Nikken Review
Nikken is a multi-level marketing company that produces effective health and wellness solutions. The company currently has over 50 products available to purchase, all revolving around total health and wellness.
About Nikken
Nikken was founded by Isamu Masuda in 1975. The first product ever created by the company was the Magstep, designed to help sore feet and body fatigue. It wasn’t until 1989 that the company expanded into North America and since has expanded to other countries worldwide.
Masuda built the business based on the 5 Pillars of Health, which are healthy body, mind, society, environment and finances. His goal was to help others obtain an overall balance in life. The company has an A+ rating from the Better Business Bureau based on the length of time that the business has been operating, their ability to resolve customer concerns, transparent business practice and compliance to government regulations and rules.
The Toshizo Watanabe Foundation, created by Toshizo Watanabe, was founded with the 5 pillars in mind. The foundation provides scholarships that cover the total or a portion of college tuition. This is only available to consultants with a high enough ranking and is based on other factors as well. There is usually a maximum of $10 million available to put towards the college fund.
The Product
- Rest & Relaxation: Sleep aid supplements and products, Insoles, Jewelry, Magnetic support, Socks, Creams. All designed for relaxing and sleeping well.
- Environment: Water technology, Kenko Lights, Air Purifiers.
- Nutrition and Skin Care: Organic based supplements, Pet products, Organic skin care products.
- Business Tools
- Accessories and Replacements: Product related accessories, Water filters and components, Air filters and components, Adapters.
The merchandise ranges in price from $30-$1,400. For the line of merchandise the items are reasonably priced.
The Opportunity
The cost to sign up to become a Nikken consultant is $60 with a monthly $30 renewal fee. There is an opportunity for those familiar with multi-level marketing models to generate an income, as well as, room for growth.
There is the rank achievement bonus that is available. The ranks are (highest to lowest):
- Royal Diamond
- Diamond
- Platinum
- Gold
- Silver
- Executive
- Senior
- Direct
There is the opportunity to earn binary commissions, rank achievement bonuses and residual income. The company provides insight, as well as, training to all of the consultants. You also receive your own personal website to conduct business from. The commission plan is set up to provide 25% retail markup profit on personal sales (when sold at suggested retail prices), A rebate equal to 5% of all your Personal CV. An override equal to up to 5% of your Personal Group CV. So there is potential to generate a decent income if you know what you are doing.
The Verdict
Nikken has been in business for 41 years and the company’s global revenue continues to soar annually at $9 billion. For customers the business offers decent prices and offers special deals frequently. Consultants who are familiar with the multi-level marketing model have an opportunity an potential to earn decent wages through the commission and bonuses available.
Unlike many other MLM companies Nikken does not have a scientific advisory board to provide backing on the products. Although the company has an A+ rating with the Better Business Bureau reviews on Glass Door state that only 36% of current consultants would recommend this company to others, which is never a good sign. 50% of consultants who placed reviews on Glass Door approve of the current CEO.
The company offers great products at decent prices which is great, the company also states that they do not earn a profit through sign-up and many are unsure how that is with a monthly renewal fee to top it off. The verdict is not bad, simply put, have an understanding of MLM companies before signing up as a consultant. Other than that the company has great products and services.
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