Welcome to my Stampin up Review. There has been some vibe about this company called Stampin up,so I decided to find out what the company was all about and do some research on the company.
You are probably here because you have heard of Stampin up and want to find out if it is a legit company or a scam.
Here is a detailed review on the company Stampin up and I would walk you through the Stampin up company,the compensation plan,the products and the verdict.
Stampin Up Review – The Company
This company was created by two sisters, Shelli Gardner and LaVonne Crosby, in 1998.
Stampin Up comes to us from Utah, a state located in the USA, and the company conducts its business under the fun MLM niche of arts and crafts.
This is how their story was expressed to us:
When sisters Shelli Gardner and LaVonne Crosby were young, their family moved from California to Kanab, UT, on the Arizona border.
Both sisters eventually married, and their husbands, who knew each other, decided they should all move to Las Vegas
and operate a custom home building business in the booming real estate market.
When they were introduced to rubber stamping, they immediately became intrigued with the craft, since neither
of them felt artistic enough to draw freehand, and using stamps with ink was creative and fun.
They discovered stamping was popular with women, mainly housewives, who like to design their own greeting cards, tags and gift wrap, decorate walls and lampshades, and keep family scrapbooks.
In 1988, with no experience in operating a company, the sisters invested their family’s nest egg to launch Stampin Up!
Their business plan was fairly simple:
They studied the business models of Tupperware, Discovery Toys, and Mary Kay, and developed their own approach for a direct sales company that reflected their own methods and techniques.”
Now in late 2017, it’s claimed that Stampin Up has “tens of thousands” of different affiliates all throughout not only the United States, but also Canada, Australia, Japan, and the Netherlands.
LaVonne Crosby decided to leave her position as CEO and left the company in 1998, and when this happened, Shelli Gardner took her spot until recently in 2016.
A couple years ago in 2015, Gardner made the announcement that she’d be leaving Stampin Up because she wanted to take on “a full-time mission for The Church of Jesus Christ of Latter-day Saints.”
Sara Douglass – Shelli Gardner’s daughter – was the appointed as Stampin Up’s new CEO in March of 2016.
Per the Stampin Up website, Gardner still “continues her involvement with the company, playing a vital role as Board Chair.”
Stampin Up Review – The Products
In 1992, the company finally stopped using third-party stamps and started making their own.
Their line up of products offered are a wide range up rubber & photopolymer stamps, and also some accessories if needed, such as:
· Accents and embellishments
· Big Shot (die-cutting machine)
· Coloring tools
· “Memories and more” (albums and card presentation accessories)
· Hole punches and
· Stamping related tools
Right now, you can find a decent variety of products being sold by Stampin Up, including adhesives, coloring items, ink, paper hole punchers, stamping accessories, and – of course – stamps.
We don’t have nearly enough time to run through every single product that Stampin Up sells, but you can find a complete catalogue on its website if you’d like to browse through everything that’s available for purchase.
You can buy Stampin Up’s products either individually or in bundles, and you can also sign up for the Paper Pumpkin subscription services that costs $19.95/month.
The Stampin Up Compensation Plan
Affiliates who want to participate in the company compensation plan are required to sign up with a membership fee, and also buy the catalog book.
Based on the sales volume production, the company will pay out retail commissions.
The residual commissions are paid down to level 3 of sponsorship, where more performance bonuses are presented.
Stampin Up Affiliate Ranks
In the company compensation plan there are 8 ranks for the affiliates.
Here are the ranks and the criteria needed per rank:
· Bronze – Sign up as a Stampin Up affiliate
· Bronze Elite – Generate at least 1800 GV over a rolling 12 month period
· Silver – Generate at least 3600 GV over a rolling 12 month period and sponsor at least one affiliate
· Silver Elite – Generate at least 7200 GV over a rolling 12 month period and sponsor at least five affiliates (one must be Silver or higher)
· Gold – Generate at least 10,800 GV over a rolling 12 month period and sponsor at least ten affiliates (one must be Silver Elite or higher)
· Gold Elite – Generate at least 14,400 GV over a rolling 12 month period and sponsor at least fifteen affiliates (two must be Silver Elite or higher)
· Platinum – Generate at least 18,000 GV over a rolling 12 month period and sponsor at least twenty affiliates (four must be Silver Elite or higher)
· Platinum Elite – Maintain at least 10,800 GV over a rolling 12 month period and sponsor at least thirty affiliates (six must be Silver Elite or higher)
GV: means “Group Volume” and it is the sales volume achieved by an affiliate’s orders, which include their personal and retail customers orders, and also the retail orders made by their downline team
The company will divide retail commission rates among those affiliates ranked at Bronze and Bronze Elite or higher.
Bronze affiliates will earn:
· A 20% retail commission rate if they generate up to 599.99 GV a month
· A 24% retail commission rate if they generate 600 to 899.99 GV a month
· A 25% retail commission rate if they generate 900 to 1199.99 GV a month
· A 27% retail commission rate if they generate up to 1200 to 1499.99 GV a month
· A 29% retail commission rate if they generate up to 1500 to 2499.99 GV a month
· A 31% retail commission rate if they generate up to 2500 to 3499.99 GV a month
· A 33% retail commission rate if they generate up to 3500 or more GV a month
Bronze Elite and higher affiliates will earn:
· A 25% retail commission rate if they generate up to 599.99 GV a month
· A 29% retail commission rate if they generate 600 to 899.99 GV a month
· A 30% retail commission rate if they generate 900 to 1199.99 GV a month
· A 32% retail commission rate if they generate up to 1200 to 1499.99 GV a month
· A 34% retail commission rate if they generate up to 1500 to 2499.99 GV a month
· A 36% retail commission rate if they generate up to 2500 to 3499.99 GV a month
· A 38% retail commission rate if they generate up to 3500 or more GV a month
The company will pay residual commissions down to level 3 of sponsorship (unilevel):
Residual commission rates are calculated from monthly sales and downline sales volume achieved monthly, as such:
· Generate 300 GV and 300 CSV a month and sponsor at least one affiliate = 3% on level 1 (personally sponsored affiliates)
· Generate 600 GV and 1500 CSV a month and sponsor at least three affiliates = 5% on level 1, 2.5% on level 2 and 1% on level 3
· Generate 900 GV and 2500 CSV a month and sponsor at least six affiliates = 5.5% on level 1, 3% on level 2 and 1.5% on level 3
· Generate 1200 GV and 5000 CSV a month and sponsor at least twelve affiliates = 6% on level 1, 3.5% on level 2 and 2% on level 3
· Maintain 1200 GV and generate 10,000 CSV a month and sponsor at least eighteen affiliates = 6.5% on level 1, 4% on level 2 and 2.5% on level 3
· Generate 1500 GV and 15,000 CSV a month and sponsor at least eighteen affiliates = 6.5% on level 1, 5% on level 2 and 3% on level 3
· Maintain 1500 GV and generate 20,000 CSV a month and sponsor at least thirty-two affiliates = 6.5% on level 1, 5.5% on level 2 and 3.5% on level 3
CSV is the sales volume accumulated through an affiliate and their personally sponsored affiliates, used for residual commission rate calculation.
Residual commissions are paid using a unilevel system, and once again, generating a higher GV total will result in greater earnings.
Cost To Join Stampin Up
The cost to join Stampin Up as an affiliate would be a $99 membership, but this will include a $125 value of company products (at retail value).
Also, new affiliates will need “a copy of Stampin Up!’s current catalog(s)” at the price point of only $5.
Is Stampin Up Legit Or A Scam
Stampin Up is actually legit and not a scam.However to be successful in Stampin Up or any other networking company out there,it would depend on your lead generation techniques,your ability to recruit and your marketing techniques.
Verdict on Stampin Up
I can tell you that this company does seem a 100% legit…
They have a good product to sell with the help of affiliates, so if this is a company with the products you like and are interested in, then enjoy yourself while you make profits.
The company has a specific product within a specific niche, with a targeted demographic of mostly Caucasian women, older women, ladies with children, and married women.
If this is your thing and you don’t like spending money on things you could make (like buying an expensive card and feeling that buyer’s remorse kicking in) this company would be a good fit for you…
This company is giving scrapbooking products a good old college try and that’s vital, because there are a lot of competitors ready to ship your order right away to you, all you’d have to do is find them and place your order.
Stampin Up is doing all the right things to stay in business by creating a culture around their product and keeping it fresh by constantly updating their catalog.
Overall, Stampin Up offers a pretty decent opportunity if you have a genuine interest in what’s being offered and believe you have access to a market that would be interested in buying scrapbooking products.
The compensation plan itself is pretty well-balanced, but your biggest challenge is going to be finding people that are willing to hand over cash for what you’re selling.
Scrapbooking is something of a tough niche to crack, but if you’re up to the challenge and have an area where you think this could do really well, Stampin Up just might be worth checking out.
I hope that you are able to use my research in my Stampin Up Review to make a decision.
I hope you enjoyed my Stampin Up review and if you have any questions, please leave them in the comments below.