“No timeframe” for WorldVentures unpaid commissions
As WorldVentures continues to pursue litigation in an attempt to stop those who leave from earning elsewhere, unpaid commissions has emerged as the primary reason for affiliate departures.
The latest development is the disturbing revelation that WorldVentures has “no timeframe” for unpaid commissions.
How much WorldVentures owes affiliates in unpaid commissions is unclear. We know the company hasn’t paid Carlos Rogers almost $100,000, but beyond that there’s been a wall of silence.
I suspect this is due to those owed money not wanting to speak out in fear of jeopardizing payment.
As I understand it top affiliates have the choice of continuing to work unpaid, or leave for another company and run the risk of WorldVentures suing them.
WorldVentures’ commission problems appear to have begun around November 2017.
Affiliates emailing WorldVentures support regarding unpaid commissions are being told the company
is working diligently to finish paying out the November and December commissions for 2017 to all members affected.
However, we do not have a time-frame on when your commissions will be paid out.
Meanwhile why WorldVentures stopped paying affiliates to begin with remains a mystery.
The company primarily operates as a pyramid scheme, with commissions generated upon payment of fees mostly paid by recruited affiliates.
What WorldVentures has been doing with paid fees instead of paying affiliates since last November is unknown.
I’m guessing it has something to do with the fact visitor numbers to the WV website peaked in September 2017, when they began a dramatic fall.
Today they are sitting at about 25% of Septembers’ Alexa ranking, having dropped 17,253 places over the past 90 days.
In Sept, they ranked around 75k most visited site in Alexa – today they around around 140,000
Even if recruitment is tanking, earned commissions are mostly based on recruitment. I.e. commissions aren’t generated unless someone signs up and pays fees.
These unpaid commissions for eight months and counting are on fees already paid.
Where did the membership fees that are supposed to pay commissions go?
Rhetorical question, right ?
Well the obvious answer is corporate… but who knows hey.
Fantastic article.
World Ventures is “buy far” the worst company in network marketing right now.
Love,
King David
King David? Is that what you are calling yourself now?
What throne are you ruling from? The men’s room? Pathetic!!! I can’t say that I’m impressed!
Ya know, I always thought people like you never payed any attention to the haters! Yet, here you are! Welcome aboard!
Now let me show you the door, and I’ll make sure it hits you on the way out!!!
As an aside Rocket Responder (Tim Linden & Jon Olson clan) have not paid me for over a year now.
Still sitting with a few hundred on the screen that has NEVER been paid out and their support section is non-existent!
That’s why removed it from my recommended AR list because while it does work as an AR it does not work as an affiliate program.
Off topic Oz i know but it just angers me to know there are legitimate people playing the game and paying members then you have these two scumbags who get by on hype.
Let’s not forget NerdBux that stole over $90,000 from its members then sold the site for $1 to a known scam artist who changed the terms to state if a member did not log in over a 7 day period their account and earnings would be deleted!
Worldventures are also making it difficult to terminate membership. Check visitor posts on their Facebook page, people cancel but payments keep coming out of their accounts.
There is also an interesting video on their Facebook page. Features Senior Vice President Of Global Sales Justin Call and he goes through some of their numbers.
1. 2 billion in sales in last 3 years.
2. 550,000 event tickets.
3. 200,000 members
4. 13,000 dreamtrips taken.
Those numbers suggest that most revenue is coming from membership fees and training\brain washing events. Very little activity around the product itself.
The celebratory press release of $2bn sales in past 3 yrs is another case of smoke and mirrors as WV has not released its 2017 Income Disclosure Statement. But you don’t need to be an Accountant to figure out the demise in 2017
In a June 2018 press release, WorldVentures CEO Josh Paine said “We elected not to participate in the DSN 100 for 2018 as do many privately held companies. Instead, we treated 2017 as a year of learning.”
In the same press release, the company celebrates $2 billion in sales from 2015 to 2017. While this sounds impressive, it means that 2017 revenue decreased by almost 60% from the year before.
Here are the numbers –
2015: $693 million
2016: $926 million
2017: $381 million (estimated)
Nina you are right. I was about to post their estimated earning as loss in revenues compared to the year before. I don’t think WV expected anyone to crunch the numbers to figure out their unpublished 2017 revenue report.
I suspect that a loss of an estimated 60% in revenues would also reflect a bigger operating cost as the company is desperate to pull out of the red.
It’s crystal clear that with all the Plano, Tx employees’ reviews on layoffs and sudden changes in Chief Executive management along with the rumors surrounding lack of payment to vendors and representatives, that there is someone “no so good” lurking behind closed doors.
The travel industry as a whole involves a lot of research and time to be successful booking vacations. It is unlike any other industry in the direct sales marketplace.
WV obviously was not booking enough travel. A big travel company with over 100,000 reps should be able to provide travel leads to its reps.
As I understand it WV has been more about recruiting than about selling travel. Having watched the VEEMA situation they should’ve learned from it.
Furthermore, I’m curious what type of relationship they had with various business development managers.
Cruise lines are booked 87% by travel agents. The hotel industry has changed and there is very minimal profit in booking hotels.
The luxury resort side of things is robust and expanding. Older properties are being refreshed and remodeled. New properties are being added all over the Caribbean.
Having attained certifications from: Royal Caribbean Cruise lines, St. Kitts, Vancouver, Trump hotels, the Dominican Republic and many more has allowed me to get the greatest understanding of the travel industry – the part where you book travel for others.
Group Travel will be want those who really love travel will want to focus on. It’s part of my own focus as well.
There’s nothing better than calling a cruise line and asking them to block out 40 staterooms.
I hope those who are owed money receive it, but it doesn’t sound like a lot has changed.
Excellent article Nina.
I was a member for 5 years and reached the title of Director is a very short space of time. The company was once good. Dreamtrips were excellent and I enjoyed 12 out of 14 of them.
Since the company ran into financial trouble by illegally allowing people in China to be engaged in MLM, the company has gone down the tubes.
Josh Pain who in his infinite arrogance decides to publish the last 3 years figures rolled into one and calls it a multi billion dollar company. Yet, the company is rolling is massive debts which it can never recover from.
Why? Because more people are leaving than joining. Its the end of a once good concept, grossly mismanaged by arrogance and incompetence.
1 Year later & I am still waiting for my commissions that I earned in Nov & Dec 2017.
Same!!! @Devraj Soojay. I remember watching you train on stage as well. Great guy.