They actually admit there are bad and good opinons on network marketing. BUT! Zinzino is a member of the Direct Selling Association, a lobbyist organisation from America! Oh then we’re all good!
Read more about the Direct Selling Association
America already has a good information video on MLM on their own though:
Interesting that a blog site makes the prices rice 100 % in Netherlands by highlighting the ridiculous price differences between Bioactive Foods Netherlands and Bioactive Foods Norway/Zinzino Nordic.
Now it seems like SanHelse and and Articmed provides the best value again.
The Zinzino marketing inconsistency shows once again with huge price differences inside EU. By marketing the Balance Oil at 50 % rebate in the Netherlands and also delivering to several EU countries Bioactive Foods Netherlands must deliver to other EU countries.
One bottle of Balance Oil is sold as low as 19 EUR when Zinzino sells the same product for 30-40 EUR. This just shows you the huge costs and inefficiency of multi level marketing.
The now classic video was removed but now it is back!
It seems that it is no coincidence that Zinzino now sells omega3 products. Because without them, total sales would already be in decline. The new quarterly report does not state how many have been recruited. Are there a lot of purchases of omega3 products made by the current sales force?
What is clear is that Q3 sales of coffee products are 33,1 mSEK* and they where 44,5 mSEK Q3 2012** when no balance oil was being sold at all. This is a 26 % decrease in sales of coffee! How long before the exclusivity agreement is cancelled? It may come to a point where Rombouts potential sales in the North may actually start to be compressed due to this agreement in this time of online shopping. Time will tell.
Total sales increase was only 27% compared to Q3 2012, the rate of growth is slowing substantially despite the new product line of Balance oil.
Finnish Lottery Inspection suspects that Zinzino is a illegal pyramid scheme according to Finnish law. This somewhat vindicates the authors of this blog and the stance we have been taken. The Finnish national police board has prepared a pre trial investigation. Time will tell the outcome.
Does this feel like premium to you?
Zinzino partner kit: 550 EUR. (1 machine, 6×16 pods, Latte Duo frother)
Best prices: Machine: 55 EUR, Pods 6x16x0,22 EUR= 21,12 EUR, Frother 50 EUR: Total: 126 EUR.
Why would you buy 126 EUR worth of products for 550 EUR? Simple! You think that your friends are as stupid as you are and you will get cash bonus from them!
*Edit. Interesting, every time we link to Makroshop, they raise the price from 55 to 99 EUR…
This is a good discussion thread about Balance Oil and Zinzino test. You will not find very much information about studies and theroies about the Omega3/6 balance for example on this page, since no one here knows much about it. We only know that there are cheaper alternitives at Sanhelse.no and ArticMed.se with better blood tests.
Google translate does a fairly good job into translating this thread into English BTW. And not surprisingly, our old friend Steinar Halvorssen in frenetically defending Zinzino in this thread:
Zinzino’s report for the first two quarters reveals that coffee sales are decreasing significantly in Q2 compared to Q1. This has not been the case for either 2012 nor 2011. And coffee sales for Q2 2013 are only 10 % higher than Q2 2012. This has lead to a big stock of espresso machines that of course locks down cash.
This should raise the question, is the market for these machines at these inflated prices already saturated? Of course there are a lot of other possible explanations. We know that at least some 40-50 % of the turnover comes from Zinzino’s own partners making purchases. So a explanation could be that more Zinzino Food oriented partners are recruited than before.
But it is clear that the interest for the coffee are starting to decline. The problem is also that Zinzino is dependent on the exclusivity agreement with Rombouts. If Zinzino is unable to expand Rombouts market share in the north, the exclusivity agreement may cease.
The argument for staying in Zinzino could now be that you have a network to sell new products. But still, you have made some work hoping you got a loyal organisation/team consuming coffee for a long time. Witch may not be the case. This shows that the long term residual income argument is flawed, because sales will plummet.
The report also reveals that Zinzino is not planning to sell the coffee machines in USA, only Zinzino Food. Do they not have a agreement with Rombouts and what is that indicating for the agreement in North Europe? OR would prices be to high for the low price american market? Interesting since Zinzino started out as a pure coffee business.
Zinzino stock price spiked during the release of the report but lost all its gains during the day. Zinzino stock has been trading sideways since Mars/April.