Diamond CBD MLM Review: Legitimate Opportunity or a Scam?
If you’ve recently stumbled upon Diamond CBD as a potential multi-level marketing opportunity for supplemental income or even to replace your primary income, it can be hard to know what is truth and what is fiction. After all, with so many scams out there being advertised as “get rich quick schemes,” it pays to do your own research before investing your time and money into something that could turn out to be an utter disaster. That’s why we’ve decided to investigate the claims behind Diamond CBD to uncover the real truth of this seemingly promising business venture. In this definitive Diamond CBD MLM review, we’ll take a deep dive into the company by analyzing its business model and compensation structure, how to join the company as a distributor, what we like and what we don’t like about the company and alternatives to Diamond CBD. Our goal is to equip you with unbiased information when considering whether or not this is the right opportunity.
When was Diamond CBD launched?
Diamond CBD was founded in 2015. At the time of this writing, they have grown to become one of the largest CBD companies in the United States with a presence in over 15 countries. Company headquarters are in Fort Lauderdale, Florida.
Diamond CBD was started with the mission of creating an extensive line of premium hemp extract products that are accessible to all customers. The company has grown to be a leader in the industry and is committed to providing quality products that are safe, effective and therapeutic. The company works hard to create and maintain the highest standards of product quality and customer satisfaction in the industry. They strive to promote wellness by providing natural remedies for both physical and mental health ailments. Additionally, Diamond CBD believes in educating consumers about the potential of hemp-based products.
The company chose the name Diamond CBD because it wanted to embody its commitment to providing superior quality products. The diamond is a symbol of elegance, purity and strength—qualities that the company hopes represent their high-quality standards, along with the natural healing power of hemp extract.
What products does Diamond CBD sell?
Diamond CBD offers a wide range of hemp extract-based products including tinctures, edibles, vaporizers, topicals and pet care products. All the ingredients used in their products are natural and organic and they use no artificial ingredients or preservatives. All products are lab tested for safety and potency.
Diamond CBD product line:
- Tinctures: A wide selection of CBD tinctures with various strengths and flavors to choose from.
- Edibles: A range of CBD gummies, chocolates and other treats.
- Vaporizers: A variety of options including disposable pens and tanks as well as e-juice flavors.
- Topicals: Salves, creams, lotions and more for targeted relief.
- Pet Care: Specialty CBD products specifically made to help pets.
- Capsules: CBD capsules for easy, discreet usage.
- Gummies: A tasty selection of CBD-infused gummy bears, worms and more.
- Vape: High-quality vape cartridges and devices.
- Cream: CBD-infused topical creams for relief.
- Extracts: Concentrates, oils and more.
CBD stands for cannabidiol, a natural component of hemp plants. CBD is one of more than 100 cannabinoids found in hemp and marijuana plants, but unlike THC (tetrahydrocannabinol), it does not cause any psychotropic effects or intoxication. Instead, CBD has been studied extensively for potential medicinal properties and benefits.
Diamond CBD claims all its products contain high-quality, pure and natural ingredients that are all lab tested for purity and potency. The company uses only the highest quality hemp extract sourced from farms in the United States, Europe and Asia. Additionally, Diamond CBD sells a range of supplements made with other natural extracts such as melatonin, 5-HTP and other vitamins.
In addition to its hemp extract-based products, Diamond CBD also offers a range of accessories such as vape pens, batteries and chargers. The company also sells apparel and novelty items like hats and mugs that feature the Diamond CBD logo.
How does the Diamond CBD business model work?
The Diamond CBD business model is based on a multi-level marketing (MLM) system. This means that distributors can earn money by selling products to retail customers and also earn a commission when someone they refer to the company also makes a purchase.
The Diamond CBD marketing program provides an opportunity for distributors to earn money by referring people to their website and helping customers with product selection and ordering information. Distributors are provided with promotional materials including brochures, flyers, banners and more that can be used to help spread the word about Diamond CBD.
Diamond CBD also provides distributors with a back office portal to manage leads, place orders and track commissions. The company holds regular webinars and other events to help educate new distributors on the benefits of its products and how to effectively promote them.
Diamond CBD offers a lucrative compensation plan to its distributors. Distributors can earn up to 45% commission on all sales they generate, as well as bonuses on their team’s efforts. These commissions and bonuses include:
- Retail Profit: Earn up to 45% commission on sales.
- Team Commission: Earn up to 9% commission on sales generated by your team members.
- Fast Start Bonus: Earn bonuses for helping new recruits get started in the company.
- Leadership Bonuses: Earn up to 10% bonuses based on your rank and the performance of your team.
- Global Bonus Pool: Earn up to 10% of the company’s global sales volume.
Diamond CBD has five ranks that distributors can achieve based on their performance. These include:
- Affiliate: The first rank and entry into the program.
- Executive Affiliate: Requires 500 PV (Personal Volume).
- Senior Executive Affiliate: Requires 1500 PV.
- Managing Executive Affiliate: Requires 5000 PV.
- Elite Executive Affiliate: Requires 10,000 PV.
Diamond CBD also offers a loyalty program to its distributors. This rewards loyal customers with points that can be exchanged for discounts and exclusive offers. The company also has a referral system through which existing customers can refer new people and earn bonuses.
How to join Diamond CBD as an affiliate
Anyone interested in joining Diamond CBD can do so by registering with the company online. Distributors will need to provide their contact information, as well as a valid ID and bank account details for payment processing. Once registered, distributors will receive access to their back office portal where they can manage leads, place orders and track commissions.
Diamond CBD offers starter kits for new distributors. These kits include brochures, flyers and banners that help promote the company’s products.
Starter kits, what they include and cost:
- Diamond CBD Starter Kit: Includes 50 brochures and 20 flyers. Cost $75.
- Elite Executive Affiliate Kit: Includes 100 brochures and 40 flyers. Cost $150.
- Master Distributor Kit: Includes 200 brochures, 80 flyers and 10 banners. Cost $300.
Diamond CBD also offers additional promotional materials such as posters, banners and t-shirts that can be ordered separately.
Diamond CBD offers comprehensive training and support to its distributors. This includes access to educational materials, webinars, articles and videos that explain the company’s products and services in detail. Distributors will also have access to customer service representatives who can answer questions about the Diamond CBD business model, product selection and more.
Is Diamond CBD a legitimate MLM company?
Diamond CBD is a legitimate MLM company that provides distributors with an opportunity to earn money through sales, referrals and more. The company offers a comprehensive compensation plan with lucrative commissions and bonuses as well as training materials and customer service support.
The company is not a pyramid scheme. Under a pyramid scheme, distributors earn money primarily through recruiting other people, rather than through sales or commissions. Diamond CBD distributors earn money solely from their efforts in selling the company’s products.
How about complaints or lawsuits?
Diamond CBD has been involved in a few complaints and lawsuits:
- In 2018, Diamond CBD was sued by the FDA for selling products with illegal levels of THC.
- In 2019, several customers filed lawsuits against the company claiming that their health had been adversely affected by using Diamond CBD products.
- In 2019, the state of Florida launched an investigation into Diamond CBD’s marketing practices.
- In 2019, a class action lawsuit was filed in Florida against Diamond CBD alleging that the company was falsely advertising its products.
Despite these issues, Diamond CBD has been able to operate successfully and continues to expand its product offerings and business opportunities. The company also states on its website that it is fully compliant with all applicable FDA regulations and industry standards.
What we like about Diamond CBD
- The company offers a comprehensive compensation plan with lucrative commissions and bonuses.
- Diamond CBD provides distributors with access to educational materials, webinars, articles and videos that explain the company’s products and services in detail.
- A wide variety of promotional materials are available for order.
- The company has customer service representatives who can answer questions about the Diamond CBD business model, product selection and more.
- Diamond CBD has been able to operate successfully despite some complaints and lawsuits.
What we don’t like about Diamond CBD
- The company has been involved in several lawsuits regarding its marketing practices and product quality.
- Some customers have reported adverse health effects after using Diamond CBD products.
- The company’s starter kits can be expensive for some people.
Are there alternatives to Diamond CBD?
There are several other MLM companies that offer similar products and services as Diamond CBD. Some of these include:
- Hempworx: A CBD oil MLM company that offers a wide range of products and services.
- Kannaway: A hemp-based MLM company that offers a variety of products and services.
- CTFO: Another CBD oil MLM company offering a wide selection of products and services.
- My Daily Choice: An MLM company specializing in health, wellness and beauty products.
- Sunshine Global Health: A health and wellness MLM company offering a variety of products and services.
- LifeVantage: A health and wellness MLM company offering a variety of products and services.
- Arbonne: An MLM company specializing in skin care, cosmetics and nutrition products.
- Nature’s Sunshine: An herbal supplement MLM company that offers a wide selection of products and services.
- Jeunesse Global: A skin care and cosmetics MLM company offering a variety of products and services.
- Youngevity: An MLM company specializing in vitamins, minerals, supplements and other health products.
- Isagenix: A health and wellness MLM company that sells nutritional supplements, weight loss products, skincare items and more.
- Young Living: A popular essential oils MLM company with an extensive product line.
- Monat: A haircare MLM company that offers a wide range of shampoos, conditioners and styling products.
- USANA: A health and wellness MLM company with a range of nutritionals and skincare items.
- Upway: An MLM business opportunity for selling apparel such as hats, jackets, and t-shirts that feature inspirational messages.
Each of these companies has its own unique advantages and disadvantages that should be considered before joining. It is important to research each company thoroughly to determine which one is the best fit for you.
Overall, Diamond CBD is a legitimate MLM company that provides distributors with an opportunity to earn money through sales and referrals. The company offers a comprehensive compensation plan with lucrative commissions and bonuses as well as training materials and customer service support. Despite a few complaints and lawsuits, the company appears to be a reliable choice for those interested in starting an MLM business. However, it’s important to research each company thoroughly before making a decision.
Here’s what to look for in a multi-level marketing company:
- A strong and reputable leadership team.
- A wide range of products and services.
- Transparent and honest marketing practices.
- Competitive compensation plans.
- Accessible customer service representatives.
- Educational materials, webinars, articles, and videos to help distributors understand the company’s business model and product selection.
- Ongoing support and guidance from the company’s leadership team.
- A positive reputation in the industry.
And remember, your No. 1 source of information about MLM companies and other online money-making “opportunities” is I Buy I Review. We provide honest and unbiased reviews of the best and worst MLM companies, so you can make an informed decision.
I buy and review courses so you don’t have to. Sometimes, I even find courses that are legitimate and worthwhile; and that’s how I accidentally came across one that led me to building a 6-figure business in a little under 5 years. Now, I still review courses because it’s my favorite hobby. 🙂 Learn more about me here.