Have you seen Facebook Live? The ones where the rings are in bath bombs and dissolve to reveal someone's ring they ordered? This company is called Ring Bomb Party.
You may be wondering if Ring Bomb Party is a multi-level marketing (MLM) company. Is it legit? Can you make money with it? How much does it cost to be a Ring Bomb Party consultant?
I'll help you answer all these questions and more below.
Let's dive into Ring Bomb Party and see what it's all about.
1 What is Ring Bomb Party?
1.1 How does Ring Bomb Party work?
2 How much does it cost to become a Ring Bomb Party consultant?
3 Ring Bomb Party Compensation Plan
4 Ring Bomb Party Income Disclosure
5 complaints and positive reviews of the ringbomb party
6 Is Ring Bomb Party a scam or a pyramid scheme?
7 An Alternative To The Ring Bomb Party
What is Ring Bomb Party?
There isn't much information about Ring Bomb Party on their website. It won't reveal who founded the company, who runs the program now, or when it started.
After doing some research, I found out that the company was founded by a woman named Lillian Coleman. She and her sister run the company with the help of some friends.
I know from the Better Business Bureau website (we'll come back to that a bit later for some reviews) that the company has been in business for 3 years as of this writing and has been accredited with the BBB since 04/25/2018. .
I saw a post from the CEO in a BBB comment and she said she started the company in 2016.
Ring Bomb Party is a multi-level marketing (MLM) company that sells jewelry in a unique way.
How does Ring Bomb Party work?
As far as I know, you contact a Ring Bomb Party consultant and ask for the ring size you want. The cost is $17.95 per ring. This consultant then orders all the sizes she needs.
The rings are placed in something akin to a bath bomb, except there are no essential oils and they're not really made for bathing.
The consultant does a Facebook Live and puts each ring bomb in water to dissolve the bomb and reveals the ring. The person who ordered the ring can see it live. The rings have an estimated retail value of $25 to $500.
Here's a Facebook LivePosted by Ring Bomb Party if you want to see what it's like. Here's a screenshot I took of one of the rings that was unveiled, which has a suggested retail price of $64. Yes I'm serious. She said $64.
They apparently suggest such high values because each piece is made to order. No jeweler would rate them at these prices.
Let's see if this is a business opportunity worth taking.
How much does it cost to become a Ring Bomb Party Consultant?
According to the Ring Bomb Party website, you will need to purchase a $49 starter kit and a $350 inventory purchase. To remain an active distributor, you must have 350 PV (Personal Volume) monthly. That comes to $350 per month.
According to their terms and conditions, there is also a website fee:
I haven't seen how much that is, but it's usually around $10-$20 per month.
Ring Bomb Party Compensation Plan
Here's to the ring bomb partycompensation planfrom the website
I honestly don't understand compensation plans (they make very little sense) so I'm posting a video that I hope can explain it better than I can. Anyway, I don't want to go into them in detail because I will never recommend you join an MLM. It's too hard to make money on it.)
But let's see some basic details on this topic:
There are two ways to earn money with Ring Bomb Party:
1. Retail Sales. Buy the rings for $14.36 each and sell them for $17.95 for a profit of $3.59 or a profit of 20%. Earn bonuses the more you sell.
- 350 VP = 20 %
- 1000+ PV = Earn a 5% bonus
- 1500+ PV = Earn an additional 5% bonus
- 2000+ PV = Earn an additional 5% bonus
2. The MLM Commission. Once she becomes a Senior Citrine Host, she will receive a 5% Team Commission Bonus. Each level after that has its own bonus structure. There are requirements for each level.
The Citrine Senior Hostess requirement is 525 PV and you must have 2 personally sponsored qualified Party Hosts under you.
From there, the requirements increase.
I encourage you to watch the video if you want to know all the details.
Ring Bomb Party Income Disclosure
There is no Ring Bomb Party income statement that I can find. Not so surprising since this company doesn't reveal much about itself. They seem a bit mysterious.
As a matter of fact:
During the Facebook Live video I posted earlier, the consultant said that they design all of their rings in-house but "do not disclose their manufacturer."
But it's okay.
I've seen enough earnings reports and they all show the same thing... it's hard to make money in an MLM. As a matter of fact,More than 99% of people lose money with it.
I'd be especially interested to know how Ring Bomb Party's income disclosure is, as the monthly PV requirement is very high.
Distributors are prohibited from purchasing inventory to increase their PV:
This is good because it prevents distributors from overspending.
There are always ways around this.
Ring Bomb Party Complaints and Positive Reviews
As I mentioned earlier, Ring Bomb Party is BBB accredited and A rated, so they are good at reaching out to customers if they have a problem.
Their customer reviews are pretty good, but understand that a good proportion of them are likely consultants who came to the BBB to leave the most positive reviews.
Positive Ring Bomb Party reviews say things like:
- This is a great company and the rings are stunning and of great quality.
- I have had many good experiences with Ring Bomb Party
- I love ring pumps and have been buying them for almost 2 years.
- I'm addicted to ring bombs
Now let's move on to the Ring Bomb Party complaints.
Some of the complaints said things like:
- This is the most striking fake jewelry
- The stones fall out of the rings.
- I don't know where they get their suggested retail price from because most of them are worth what they say they are.
- The coating came off my ring within a month.
As you can see, most of the complaints are related to the quality of the jewelry. So I was a bit surprised that the ring I posted above was given a suggested retail value of $64.
I'm not a jewelry expert but it looks cheap.
Again, they are given a higher value because they are custom pieces, not because they are actually worth that much.
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Is Ring Bomb Party a scam or a pyramid scheme?
Ring Bomb Party is not a scam and technically not a pyramid scheme. I think the focus here is more on retail sales than other MLMs that are more recruiting focused.
The thing is, can you really make a good income just by hosting bomb parties? How many rings would you have to sell to have a decent income?
You need to buy $350 worth of inventory each month, which is equal to 25 Ring Bombs. Now, I'm no math expert, but if you make a profit of $3.59 on each ring, assuming you sell all of yours, you'll make a profit of $89.75.
This is for a month.
if you sell them all
Maybe you can. Maybe you are a master seller. Maybe you can sell double. You would still only earn 179.50 in a month. That's not much. And that's why you make more money from recruiting.
Which makes it a borderline pyramid scheme.
- People seem to enjoy these Facebook parties.
- There is a strong retail focus.
- Ring parties are fun and it can be exciting to see what you get.
- The rings are of low quality and people complain a lot.
- It has a 14-day return policy, but sometimes rings fall apart after the 14-day window.
- You must purchase at least $350 worth of products each month to remain qualified, which is quite a lot.
- Even if you sell all $350 worth of rings, your profits will still be small.
- Hardly anyone makes money in an MLM and in fact almost everyoneloseMoney
I think this comment about BBB is a good point:
Alanda Carter, The Recovering Hunbot, comes to a similar conclusion in her YouTube video about this company. She calls it Love Bombing, where a person tries to fill a void in themselves by going to these parties and carrying rings.
You can watch his video here:
An alternative to the Ring Bomb Party
Of course, you are free to do what you want. I just want to help you make a good decision for yourself. If you're looking to sign up for the Ring Bomb Party I don't recommend it, but who am I to stop you?
However, if you would like an alternative, I have suggestions for you.
First of all, the Ring Bomb Parties seem to be fun. I think it would be fun for my 12 year old to do it with some friends.
Amazon has a variety of these pumpswith jewelry inside At least. And they also have actual bath bombs that you can use in the bath.
If you like the idea of being a consultant and earning income in your spare time, let me remind you that most people are in an MLMloseMoney.
As an alternative, I like to suggest blogging/affiliate marketing. Affiliate marketing promotes other people's products for a commission. But without recruiting, training, hosting Facebook parties, or buying $350 worth of inventory every month.
In fact, the link I posted above to Amazon is an affiliate link. If someone clicks on this link and buys something from Amazon, I get a commission.
Let me tell you more about affiliate marketingmy free beginners guide here.
Is Ring Bomb Party MLM? Yes, it absolutely is. If a company has a compensation plan, you can bet it's an MLM.
Will you earn money with Ring Bomb Party? I think it's going to be very, very difficult. Almost everyone loses money in an MLM (unless you are the CEO), regardless of the MLM or how hard you work.
I have tried working in an MLM but I prefer affiliate marketing because it is much less stressful. Like most people, I lost money when I was in an MLM.I am now earning a steady monthly income that continues to grow.And I've never had to throw a Facebook party or recruit a single soul. If you're interested,This is the training platform that showed me step by step how to do everything..
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