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Highrich Online Business: A Review

An online store sells a variety of goods at reasonable prices. Network marketing, a type of business that enables people to make commissions by recommending the goods and services of a firm to others, is another method by which it compensates its clients. Highrich an extremely successful online retail site that has been duly registered in India since 2019.

How does it work?

Each customer at Highrich is allowed a maximum of two direct referrals because the company uses a binary referral system. These recommendations may also refer others, creating a network of clients who buy and sell goods from this site.

Customers receive commissions from the company based on the size of their networks and sales volume. The following criteria are used to compute the commissions:

  • Matching bonus: This is a portion of the revenue produced by the binary network’s weaker leg. Depending on the customer’s rank, the amount ranges from 10% to 25%.
  • For each direct referral who signs up for this and makes a purchase of at least Rs. 500, a flat fee of Rs. 100 is paid.
  • Repurchase bonus: This is a portion of the sales volume brought in by customers and their networks’ own purchases and repeat purchases. Depending on the customer’s rank, the proportion can range from 5% to 20%.
  • Rewards: These are extra incentives given to customers who reach particular sales volume and network expansion goals. The awards include cash, electronics, bikes, vehicles, and international travel.

What are the pros and cons?

Pros:

  • It provides a large selection of goods at reasonable costs.
  • It offers a chance to make money through product promotion and client network development.
  • It provides incentives and awards to encourage customers to increase their sales and positions.
  • Its user-friendly website and mobile app make shopping and access simple.

Cons:

  • To get started in the business and begin receiving commissions, you must make a minimum initial investment of Rs. 500.
  • It has a binary strategy that only allows for two direct referrals and unbalances the network.
  • It faces fierce competition from other online markets that provide comparable or superior goods and services.
  • If the products are not sold or the network is not maintained, it runs the danger of losing money.

Conclusion

An online store called Highrich sells a variety of goods at reasonable prices. Network marketing, a type of business that enables people to make commissions by recommending the goods and services of a firm to others, is another method by which it compensates its clients. This asserts to be an extremely successful online retail site that has been duly registered in India since 2019.

However, there are a few disadvantages to this Highrich that should be taken into account before joining the company. It has a binary plan, demands a down payment, is very competitive, and entails risk. So, before opting to join this or any other online business, it is advised to conduct a thorough study and analysis.

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