Hi there! In this review, we will be looking into everything there has to do with the company called Okaizo. There have been allegations against this company, that it might be a giant CBD oil scam. The contact details of this company point to the city of Amsterdam in the Netherlands.
From the LinkedIn profile of the company, the information reveals that the founder and CEO are Bing Voorham. Upon doing further research upon the founder Voorham has been involved in many shady businesses and MLM’s which have shut down randomly.
His latest company, Okaizo claims to offer CBD oil along with the affiliate membership. So in this review, we will be looking into everything there is to know about this company. We will be covering the products, the compensation plan and much more.
So without further ado, let us take a close look into understanding Okaizo. After this review, you will be able to make the decision for yourself whether or not to invest in this company. First, let us look into the products offered by Okaizo.
What are the products offered?
Upon doing research on the company Okaizo, we have found that there are no retailable products or services and affiliates. The only marketable product is the affiliate membership and bundled with it is the CBD oil, which they claim as plant-based. They claim to use the highest quality of products that are produced and marketed by reputable farmers.
The affiliates of Okaizo do have purchase options other than CBD oil as mentioned on their Facebook page. However, none of these products are even mentioned on the main website.
How does the compensation plan work?
Okaizo affiliates sign up and pay a membership fee. Commissions are paid when they recruit others who do the same. Okaizo affiliates sign up with one of three packages:
- Bronze – €247.11 EUR
- Silver – €619 EUR
- Gold – €1156.20 EUR
To qualify for MLM commissions, Okaizo affiliates must meet a certain criteria without which they would be unable to qualify. The qualifications are:
- maintain a 50 PV monthly order; and
- recruit and maintain four affiliates who each have a standing 50 PV monthly order.
Okaizo defines a monthly period as every twenty-eight days. PV stands for “Personal Volume” and is sales volume generated by payment of Okaizo affiliate membership fees. Presumably, a monthly 50 PV order is a minimum purchase of Okaizo’s CBD oil product (this is not disclosed on Okaizo’s website or in their compensation plan).
What is the matching bonus offered?
Okaizo pays a Matching Bonus on residual recruitment commissions earned by downline affiliates. Okaizo pays the Matching Bonus via a unilevel compensation structure.
A uni-level compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them. If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s uni-level team. If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretically infinite number of levels.
Okaizo’s compensation plan details the Matching Bonus paid out on two levels:
- level 1 (personally recruited affiliates – 15% match
- level 2 – 10% match
The minimum amount matched in downline residual recruitment commission earnings is €50 EUR. Apparently affiliates can qualify to earn the Matching Bonus on more uni-level team levels, however, qualification criteria are not provided.
How can you join?
To join Okaizo you need to purchase an affiliate membership, that is available under thee different ranks which are:
- Bronze membership: €247.11 EUR
- Silver membership: €619 EUR
- Gold membership: €1156.20 EUR
These are the only ways of joining Okaizo and gaining membership as an affiliate.
In conclusion, it claims to sell CBD oil and supplements, however, in reality, you will be paying for affiliate memberships and payment for shipping. According to it’s business model, the compensation plan does not include retail as part of the business. If you ask us, we would ask you to not invest in this company as there is a scam involved in the hidden monthly charges for shipping.
Another big disadvantage is the use of CBD as the main component in the product, which is illegal in the majority of companies across the world. Thus, even if it may look legitimate, it is actually a pyramid scheme, which can lead to major losses.