In this article, you will find information about a network marketing plan called Let’s Grow. In which we will give information about the company operating it, Let’s Grow Income Plan and its product.
So let’s start without any delay.
What is Let’s Grow?
Let’s Grow is a product-based network marketing plan.
Anyone can join Let’s Grow as a direct seller, which can also be called a member.
To become a direct seller of Let’s Grow, it is necessary to buy a joining kit product of ₹ 770.
After joining, two things have to be done to earn from it. The first task is to further sell the product and the second is to connect the people to Let’s Grow.
Let’s Grow Company Profile
It is being operated by Panchora Industries Private Limited. Which is registered under MCA on 23rd July 2020 from Cuttack Orissa.
|Company Name||PANCHORA INDUSTRIES PRIVATE LIMITED|
|Directors||PREETI MAJHI, AMRESH MAJHI|
|Registration Date||23 July 2020|
|Head office||Rajgangpur, Odisha|
According to Let’s Grow website, Panchora Industries was started in 2008 from Rajgangpur.
Presently this company has manufacturing units at 6 locations, Rourkela, Rajgangpur, Panchora, Secunderabad, Rau, Chandka and Ambala.
Let’s Grow Income Plan
Seven types of income are given by Let’s Grow company, which are as follows.
- Retail Profit
- Income Per Member
- Repurchase Income
- Company Bonus
Keep in mind, not all income is available in the beginning and there are some conditions to get every income, which is very important to fulfill. All these incomes are explained in detail below.
Let’s Grow offers its product at 15% discount to its members. Direct sellers can earn up to 15% retail profit by selling these products at MRP.
Except for retail profit, all other income depends on downline and product purchase by downline.
There are 11 levels set by Let’s Grow and different income is given at each level.
Through the chart given below, you can see which level and how much income is given.
We will understand this chart from the first level i.e. Promoter level and accordingly you can know the income of other level also from this chart.
You can see that to reach the Promoter level first, it is necessary to bring 5 Direct Downline (Members).
At the Promoter level, Rs 100 is available per downline and the total income is Rs 500, it is called Income Per Member.
Apart from this, 1 percent Repurchase income is given, that is, if any person in the downline makes a complete purchase of the product, then 1% of it will be given as a commission at the Promoter level.
On attaining Promoter level, one time salary bonus of 1000 rupees is available.
On becoming the same promoter, a welcome kit will be given by Let’s Grow as a reward. Additional Accidental Insurance is also given, but we do not have specific information about it.
Company bonus is not available at the promoter level. For this, Manager Sales has to be created and 125 downline members are required. Company bonus is available once in four months, for which a product purchase of Rs 2000 has to be made every month.
In order to get the level-wise salary in Let’s Grow, there are some other conditions, which are very important to fulfill.
- Your ID will always have to be kept active, for this you have to buy 1000 rupees of products every month from Let’s Grow.
- Every month 70% or more of its downline should be active, that is, the downline also completes the purchase of 1000 rupees every month.
- If the downline is active from 40% to 69%, then only half the salary will be available and if less than 40% of the downline is active, the company will give the salary accordingly.
- The total purchase of downline should be 70 times more than your salary, i.e. if you want to get salary of Rs 10,000, then your downline is making purchase of Rs 7 lakh every month.
- If your downline product purchases are between 40 and 69 times your salary, your salary will be halved.
Let’s Grow Products
Let’s Grow Products Talking about Let’s Grow products, they have a huge product list. In which FMCG, healthcare, cosmetics and some other categories of products are included.
Direct sellers definitely get the advantage of a large product list, as they have more buying options.
According to the price, the products of Let’s Grow are not expensive and due to being a direct selling plan, it is comparatively cheaper than most of the MLM company.
But according to the packaging, its products seem to be of light quality. Of course, quality is judged only after use, but if the packaging itself is not attractive, then the consumer does not buy the product.
Let’s Grow FAQ
How to join Let’s Grow?
To join Let’s Grow, you can fill the form on their official website. But before joining, it is important to contact the existing direct seller of Let’s Grow, which will make your job easier.
What is the fee to join Let’s Grow?
Due to the Direct Selling Guidelines, no network marketing company can charge joining fees, so Let’s Grow also does not need to pay any fees. But in this, you may have to buy a product of 1000 rupees every month.
What people have to be added to Let’s Grow?
Yes, along with selling the product in this, you have to add new people to it. When there will be hundreds of people in your downline and there will be millions of product purchases, then only you will earn.
Is Let’s Grow Company a Fraud?
Let’s Grow cannot be called a direct fraud. Direct selling is legal in India and it is a product based network marketing plan and not a pyramid scheme fraud.
How much money can you earn from Let’s Grow?
It totally depends on your downline network. If you have a team of thousands of people and sell products worth lakhs of rupees to the company, then you can earn five digits. Usually, success in MLM comes only after 3 to 4 years of hard work.