Keep Collective Review: A Customizable Jewelry MLM Scam Or Legit?
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If you are a woman who loves customizable jewelry, you can earn both cash and discounts working from home. My guess is you probably already knew this which is why you decided to look at Keep Collective reviews to see if they are legit or not. Our Keep Collective review will cover the good, bad and ugly. Don’t join until you have read this review!
What is Keep Collective?
KeepCollective.com sells customizable jewelry and accessories, with a system of matching bracelets with customizable charms and personalized engraving. Customers can design their own bracelets (called “keepers”) or can choose from existing designs. Customers can order and customize jewelry online, or at in-person parties with a company designer. It was founded in 2014 by Jessica Herrin and Blythe Harris. Jessica is also the founder of another jewelry and accessories MLM, known as Stella & Dot. The Keep Collective headquarters is currently situated in the San Francisco Bay Area.
How Does Keep Collective Work?
Most jewelry MLMs work the same:
- As a host/hostess, you can earn money and product rewards by hosting parties, and can earn product credits through referral rewards
- As an affiliate, you can earn commission on your personal product sales
In a multi-level marketing (MLM) structure, you earn money based on the sales of your downline, although the company is clear that rewards are always based on sales and never on recruitment alone.
How Much Does It Cost To Be A Keep Collective Designer?
Keep Collective Designers earn commission on their sales. To become a designer, you have to purchase one of three starter kits:
- The Basics Kit costs $99, and includes marketing materials like guides and brochures, along with 6 bands/bracelets, 5 charms, and 1 necklace
- The Essentials Kit costs $149, and includes the marketing materials and with a charm tray, along with 9 bands/bracelets, 7 charms, and 2 necklaces
- The Business Builder Kit costs $349 and includes marketing materials, charm tray, portfolios, a neck form, and 3 display pillows, along with 15 bands/bracelets, 13 charms, and 5 necklaces
Keep Collective Host Parties
Keep Collective hostesses who host a party (called a “Design Session”) get a “hostess boutique” with some Keep Collective jewelry and display stands. Hostesses also qualify for unlimited new customer referral rewards. The New Customer referral bonus terms are:
If a customer has not purchased any Keep Collective products before, and they …
- Create a new customer account
- Purchase a product using your referral link
- Spend at least $50
Then the new customer gets a $10 discount, and the hostess/referrer gets $10 in Keep Collective product credits. The window is from either the date of the design session or the first qualifying purchase, and lasts for 14 days. Keep Collective Designers are not eligible for this bonus, only hostesses are.
Hostesses who sign up 3 new customers are also eligible for additional rewards based on the sales volume generated at their design session, including:
- Sales volume over $200: 1 x 50% product discount
- Sales volume over $300: 1 x 50% product discount, 1 free product worth $30
- Sales volume over $400: 1 x 50% product discount, 1 free product worth $45
- Sales volume over $500: 2 x 50% product discount, 1 free product worth $100, and so on up to …
- Sales volume over $1,000: 4 x 50% product discount, free products worth 25% of your total sales
You can have a look at the hostess rewards plan to see all the levels and how much discount you can earn if you host a party at your home.
Money is universal, so hosting product parties and getting discounts isn’t going to pay the bills at the end of the month. If you don't like the idea of getting discounts as opposed to cash, don't worry. You can make real money working part-time or full-time using My Best Work At Home Recommendation.
Keep Collective Compensation Plan
As per the compensation plan, all designers earn a 25% base commission on Keep Collective products that they sell, with bonuses and incentives for a higher sales volume which can go up to 35% in commission.
Designers who sell $500 PQV in their first 15 days can upgrade their starter kit and earn special rewards for sales in their first 60 days. Designers also get product credits and cash bonuses for recruiting a new designer within their first 60 days.
As with any MLM, you work with a Mentor above you and a team below you, have leg and group qualifying volumes, and various rewards and incentives.
How Much Money Can You Make With Keep Collective?
You’re probably wondering how much money can you actually make with this opportunity. As per their latest compensation summary, in 2017 designers and lead designers (76.7% of all designers) earned an average of $1,100 for the year.
These figures may not instill much confidence. Based on their income figures, most designers make less than $100 a month. If you're looking for a business opportunity that allows you to get started for free, you may want to try My Best Work At Home Recommendation.
What I Like About Keep Collective
Let’s look at some at the things we like about Keep Collective.
Good BBB Rating
I know a lot of you take these better business bureau ratings seriously, so you will be glad to know that at the time of writing this review, they have an A+ rating.
The company really does try to help you to be successful, with sales material, mentoring, support, and networking to make it easy to learn.
Keep Collective Complaints
We have laid out the logistics and what we like about them, now let’s get into some of the complaints which might or might not be deal breakers. You decide!
Hostesses Only Get Discounts
A large percentage of the different rewards consist of product discounts instead of cash. While this may be a great reward for lovers of Keep Collective products, many hostesses would prefer cash rewards, since money is universal after all.
Home parties don't appeal to everyone. If the thought of hosting home parties or only earning discounts is not something you’re are interested in, you may want to explore other alternatives.
If you're looking for a business opportunity that doesn't require you to host home parties and where you can earn real cash, you can try sites like Wealthy Affiliate. If you're just looking to make some extra income, you can also try sites like SurveyJunkie.com & Swagbucks.com. There's also no recruiting involved for those sites.
High out-of-pocket expenses
While the initial investment in a starter kit is a fairly reasonable cost, the company has a huge range of products and relies on in-person design sessions to sell the product. Many customers will not want to design and order products online, but will want to buy them in real time at the in-home parties, so many affiliates end up investing a lot of their own capital in both Keep Collective products and in display setups to take advantage of real-time sales.
High Priced Products
A lot of the products seem overpriced but that's subjective. In either case, a simple charm bracelet can cost over $90.00. You need to take this into account and ask yourself if people are really going to come to an in-home party and spend that, especially when you are competing with many other jewelry stores and MLMs.
Is Keep Collective Legit or a Scam?
Keep Collective is not a scam, but it's not for everyone. The need to own, wear, buy, sell, and market a lot of the products, and the emphasis on product discounts, means that it's really only a good opportunity for people who really love the product and are passionate about it.
If you're looking for a business opportunity that will enable you to make a part-time or full-time income online, you might want to try My Best Work At Home Recommendation. It's free to get started so there is no risk on your part. And there is no recruiting or hosting in-home parties either.
So, there you have my opinion on Keep Collective. If you have any experience using Keep Collective or want to share your thoughts, please feel free to leave a comment below.
Until next time,
Eddy with a Y