There is now a multi-level marketing (MLM) business established to provide hemp and wellness related products to the masses. Hemp is a plant that has been around for thousands of years capable of producing food, fuel, and fiber and is used in numerous applications, including textiles, paper, and manufacturing compounds. According to myhemsystem.com, hemp contains less than 1% THC, the psychoactive ingredient in Cannabis Sativa Linnaeus. In other words, hemp is to marijuana what non-alcoholic beer is to beer.
What is hemp netting?
The Hemp Network is an MLM division of Medical Marijuana Inc. Medical Marijuana Inc. is an Oregon corporation founded in March 2009 that provides an efficient and secure infrastructure for the medical marijuana industry. The creators of The Hemp Network believe that there is a growing demand for hemp-based products, so they are responding to that demand by establishing a multi-level marketing model for their distribution.
Who is behind it and when did it start?
Don Steinberg and Bruce Perlowin lead the company. All they have done in the past is create the world’s largest telecommunications network marketing company. I guess that’s good enough, right? They bring that expertise along with a team of consultants and associates that includes immunologists, formulators, doctors, PhDs, marketing teams, software engineers and more.
According to Npros.com, The Hemp Network has been in pre-launch and was scheduled to officially launch on June 1, 2010. However, on thehempnetwork.com, it mentions that the company was starting pre-launch on August 28, 2010. Either way Anyway, it looks like the company is gaining momentum with over 1000 International Hemp Consultants (IHCs) so far. Additionally, parent company Medical Marijuana Inc. is planning the largest cannabis/wellness event ever to be held in the Midwest at the Pontiac Silverdome in Michigan in late October 2010.
What is the Compensation Plan?
According to myhemsystem.com, there is no cost to be a member of The Hemp Network. The company is using a hybrid pay plan which is a one-way global power stretch on the front where everyone who signs up ranks below everyone else for the first time, with a Unilevel pay plan on the back. That? Okay, where are Amway and their circles when you need them? I need to see this drawn on paper! Anyway, the easiest way to say it is that when you sponsor someone on The Hemp Network, that person appears in the Global Power Leg at the bottom and on your first level in your Unilevel back-end. They are using the Global Power Leg for bonuses and a motivating factor for IHCs to see all the people below them. Makes a lot of sense, right?
Is The Hemp Network a viable opportunity?
The fact that the hemp industry has been around for thousands of years and that the product has such a wide variety of uses is a huge plus. The question is, can The Hemp Network compete in the crowded category of wellness products? Being the first company to bring hemp into network marketing gives them a good start for sure. It also helps to have two guys running the program who have built massive MLM companies in the past.
Deciding to join The Hemp Network and learning how to build it successfully are two different things: if you want to MASTER the skills to build an MLM business, you must first set up your sales funnel.