Looking for a business to start with in the sector of jewelry? You may have come across a long standing company, Sabika Jewelry.
If you are curious in knowing more about this company, then you have come to the right place, as this review is all about Sabika Jewelry.
Is Sabika Jewelry worth your time? Should you get involved with this MLM company?
Let’s find out by reading further below.
Other MLM Jewelry companies you could check out are: Keep Collective, Paparazzi Jewelry, Origami Owl, or Park Lane Jewelry, just to name a few.
Looking for new ways to get more leads and sales without actually talking to anyone?
Read more about how you can catapult your leads with any MLM and network marketing company.
Should You Get Involved With Sbika Jewelry? - Our MLM Review
More About Sabika Jewelry
Sabika Jewelry is a jewelry company based in Pennsylvania, USA.
The company was founded by Karin Mayr while she was in her 50s in the year 2001 when she met Sabine, an Austrian jewelry manufacturer.
The company name is derived from their names, Sabine + Karin. Karin was previously a marketing and trend consultant to some of Europe’s fabric mills.
At present, the company is actively headed by Karin’s daughters, Alexandra and Miriam. Alexandra is a ballerina and was trained in fashion design at the Fashion Institute of Vienna.
Sabika is supporting charities such as the fight for breast cancer and the prevention of child abuse. On the corporate website, it is stated that the company supports Mental Health America, Earth Day and Girls Inc.
The company is a member of the Direct Selling Association (DSA). It is also listed in Better Business Bureau with an A+ rating.
The Sabika Jewelry Products
Sabika offers jewelry pieces such as earrings, rings, bracelets and necklaces. The pieces are said to be designed in the U.S. and handcrafted in Europe.
- Necklaces - sold for as low as $22.25
Designs include choker, beaded, 1-stone, crystal and many more.
- Bracelets - sold for as low as $29.50
Designs include gold, beaded, crystal and chain bracelets.
- Earrings - sold for as low as $23.60
Designs include studs, pearl bar, hoop, dangle and many more.
- Rings - sold for as low as $27
Designs include love, gold medallion and stretch ring.
- Pendant - sold for as low as $24.50
Designs include coral, arrowhead and wheel pendant.
How Can You Join Sabika Jewelry
To join Sabika, you need to purchase a starter kit with choices of worth $25, $100 and $250.
These starter kits come with discounted Sabika products, business and marketing tools, and 1-month free personal website subscription.
The regular Sabika subscription fee that includes access to your personal website is $12.99 monthly.
The Compensation Plan
There are 12 career levels in Sabika Jewelry’s compensation plan.
As you advance in your career level, you will be entitled of higher rewards. You can start as a Consultant and advance to the highest level which is the Star Platinum Director.
To remain active as a consultant, you need to have $500 in retail orders for a 3-month period but to be bonus qualified, you need to have $500 or more personal retail sales for the month.
In addition to meeting retail sales quota, sponsoring and team sales quota must be achieved to increase your career level.
Here are the income sources of Sabika Jewelry consultants:
Retail Profit
You can earn commission on personal retail sales starting at 20%. There is a personal sales consistency bonus as well for consultants who sell $3000 or more monthly in 3 consecutive months.
Personal Sales Bonus
As your rank increases, you will get additional personal sales bonus on your personal retail sales. This bonus starts at 5% of the latter.
There are also other bonus programs that reward sponsoring and team sales. Details about these programs are lacking from the corporate website. These include Lifetime Personal Sponsoring Overrride, Central Team Override, Generation Override, and Promotion Bonus.
A detailed explanation of Sabika Jewelry’s compensation plan is available here on this link..
How Much Can You Earn From Sabika Jewelry’s Business Opportunity?
The latest income disclosure statement that we were able to get from Sabika is for the year 2016 that is available on the link here.
This is quite outdated but let’s discuss what we have anyway. It says there that 83.71% of all consultants are consultant rank and earn $1,352 by average annually.
There is also a small note that says that 30% of Sabika Consultants were not earning an income from the business. Consultants who earn a decent income by average consist of 2.54% only of all consultants. The highest earners received $80,239 to $200,282.
Looking at this data, it is clear that very few consultants were earning enough from the business. As a consultant, you can achieve greater income but your chance is very slim as indicative in the company’s income disclosure statement.
I must say that Sabika Jewelry’s income disclosure statement is typical for an MLM company. Studies as well as our own MLM reviews have shown that most MLM members are not earning enough from the business opportunity.
Only the very few were earning enough which usually accounts for 1% of the MLM members and getting to the top is not as easy as it seems. This is quite the case with Sabika Jewelry looking at its income disclosure statement.
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The Pros And Cons Of The Sabika Jewelry Opportunity
Conclusion
With 20 years of operation on its belt, Sabika Jewelry is no doubt a legal and stable company. It has been supporting charitable causes and values giving back to the community.
The company is a proud member of Direct Selling Association and is rated A+ by Better Business Bureau. The company offers handcrafted jewelry products from Europe that could mean a lot about the product quality.
Like all MLM company does, it offers an opportunity for ordinary people to start a business from home at minimal start up cost.
However, being an MLM company, some points should be addressed in this respect. The opportunity entails monthly subscription fee as well as sales quota to be bonus qualified. Just like in most MLM companies, for you to earn an income, you need to sell the company products and recruit people to join the business.
The company’s income disclosure statement that is available for viewing is outdated and shows that most consultants that is about 83.71% were not earning enough from the business opportunity.
It is said that 30% of the consultants had not received an income from the business. The very few were earning decently up to luxuriously but they only account for about 2.54% of the consultants.
In a way, this says about your success rate in getting a decent income from joining Sabika Jewelry. If this is a number that you are comfortable with then you can go ahead give this company a shot.
However, I must say that you can always have other income streams or business where you can have better chance of success than this one and I suggest that you should have a look on them as well.
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