Have you purchased jewelry from Paparazzi jewelry? Do you think that Paparazzi jewelry is an authentic brand, or is it a pyramid scheme? Can you trust the jewelry and accessories by the Paparazzi brand? Well, this article explores the world of Paparazzi jewelry and everything you need to know about the brand?
The Paparazzi jewelry project
Paparazzi Jewelry or Paparazzi Accessories was founded in 2010 in Utah (Hurricane). It is headquartered in the same location to date, but the most important consideration for you to bear in mind is the fact that Paparazzi jewelry is an MLM or a Multi-level-marketing. The company is known for its unique jewelry options, as well as accessories that are also very affordable.
Though their jewelry is primarily fashion jewelry, they still offer the very best kind of jewelry for anyone looking for ornate jewelry options that would make you feel extra beautiful and also enhance your levels of confidence and self-esteem.
That said, as an MLM, it’s important to note that buying jewelry from the brand means that you’re getting an MLM job, and you can promote the jewelry to persons with the same interests in jewelry as you. Therefore, you could think of Paparazzi jewelry’s project as the brand’s biggest selling point – the fact that they sell their jewelry at very low prices, making them affordable for just about anyone, is the real reason why the company is very popular.
Consultants for Paparazzi Jewelry earn about $2.25 from every sale from their products from the jewelry worth $5, which means that you will earn as much as 45% in profits.
It’s also interesting to note that despite the affordability of the jewelry, the company sticks to the highest standards of jewelry production, and they pride themselves in making lead and nickel-free jewelry. Since these two are unsafe metal elements that often cause skin irritation, Paparazzi Jewelry will be safe for you, especially if you have sensitive skin.
Is Paparazzi Jewelry a pyramid scheme?
As mentioned above, Paparazzi Jewelry is an MLM that sells costume jewelry. What you need to know about the brand, however, despite the low pricing of their costume jewelry – and you may not want to hear this, is that the company is pretty much a pyramid scheme.
While this company doesn’t offer jewelry at very high prices and they, do not have many restrictions to persons interested in selling the jewelry, at least they are not as restrictive as the traditional sellers; they are, like all other MLMs, considered to be pyramid schemes.
But having been around for more than a decade and thriving thanks to their marketing system, the company is still popular, especially because the consultants( (who are just customers) get to make money on the side, as long as they can sell their jewelry.
Even with all the attempts put in place by the Paparazzi Jewelry brand, their setup still points to the direction of a pyramid scheme. They have distributors and customers, and their marketing approach is aimed at making the customers buy many jewelry options, not overtime, but all at once. To do this, they offer very attractive starter kits that the brand uses to lure their customers into joining their project, rather than the customers just buying the jewelry they wanted and being on their way. Their kits start from the low-priced $99 pack, which is a previous pack with 35 jewelry pieces and valued at $175.
There is also the large home party kit going for $499, with a perceived value of $1000 for 200 pieces of jewelry. With an estimated profit margin of more than 40%, if you sell their cheap and fashionable jewelry, it doesn’t come as a surprise to see that this is just another pyramid scheme. On top of all that, they also run on a commission basis, and their clients are paid based on the number of customers or consultants they bring in the scheme successfully. The compensation plan for recruitment into Paparazzi Jewelry is also very attractive but almost attainable to most people, which is why there is no doubt in our minds that Paparazzi Jewelry is just another pyramid scheme.
Is Paparazzi Jewelry a good business?
Can we all agree that MLM businesses are tough, especially when it comes to recruiting new people?
And in as much as this is a simple thing for some people, a large percentage of the population will agree with us that MLM businesses are not worth it, especially if you don’t have a social life and if you’re unable to recruit new people to the business.
On the flip side, and if you think that you can actually recruit more people and sell all that jewelry, Paparazzi Jewelry might be a good idea for you. It promises margins of about 45% on every sale, which would mean that you may not even have to recruit more people if you are great at selling the jewelry.
On top of that, you also have the option to sell the jewelry in bulk to different customers – this happens because of the super-low prices for good-quality costume jewelry.
This is enhanced by the fact that the company gives you a wide range of product designs to sell, meaning that you can easily sell more than one piece of jewelry to one person.
Is Paparazzi Jewelry going out of business?
No, it’s not. This company that has been around for just over a decade seems to be doing great, and it might not go out of business any time soon.
Conclusion
Paparazzi Jewelry is an MLM business whose success relies rather heavily on people successfully signed up to buy and sell their packaged jewelry products.
It works like any other pyramid scheme, and it’s not ideal for you if you cannot recruit new people or sell large volumes of jewelry fast.
That said, they promise great jewelry, sell good quality jewelry, and if you are good at convincing people to buy stuff and join groups, it could be for you. If not, try affiliate marketing or dropshipping.
Read more jewelry brands here or here!
Stephanie is a jewelry lover when she was a teenager. Her major was fashion design when she was in college. She is a jewelry designer at SOQ Jewelry and other design companies. Now she is also a writer for our website. She writes a lot of designs&brands posts with very actionable tips.