Bravenly Income Disclosure
We decided to do things a little differently this time, and are looking at the 2022 Bravenly Income Disclosure before we add the company to our official list of MLM Reviews we are not going to look at their products or services at all. We are just going to analyse the income disclosure they have provided and ask; are Bravenly Partners making money from the business opportunity
Bravenly has followed a very familiar pattern and condensed all their income disclosure information into a table with a bunch of fine print underneath, as shown below:
We assume that people join the Bravenly business opportunity to make money, and become financially free, and not need any other source of income. Looking at the table we can see that brand partners who reach the rank of Vice President with Bravenly earn an average of $7,789.12 per month. This equates to an average annual income of $93,470. This would be enough to replace a full time income and allow the partner to quit their regular job.
It’s nice to know that those at the rank of Vice President or above don’t need an income outside of Bravenly, however, if we look at these ranks, they only represent a total of 4.15% of all active partners. In other words 95.85% of Active Bravenly Partners do not earn enough to replace a full time income
While these figures are far from impressive, in true MLM tradition, when we read the fine print, things go from bad to worse. First they tell us that the median monthly income for all active partners in 2022 was $134.36. Based on our understanding of maths, this tells us that 50% of active Bravenly Partners earned less than $1,600 in 2022. So of the people who join the business opportunity, half of them earn less than $30 a week.
If we read a little further in the fine print, we see that 58.21% of Bravenly partners were inactive in 2022. In other words, the table they provided, only represents 41.79% of all Bravenly Partners. To find out what it would look like if all partners were included, we did a bit of math, and created the table below:
As we can see, when we include all the brand partners in the table, the numbers look quite different. Firstly we’ve included the 58.21% of inactive partners who earned nothing with Bravenly. Then we adjusted all the other figures to include them so that the earnings would represent all Bravenly Partners instead of just those who earned an income in 2022.
If we look at all the Bravenly Partners for 2022, we now see that only 1.73% earned enough to replace a full time income. Or conversely in 2022 98.27% of Bravenly partners earned less than a full time income from the business opportunity.
Sadly even this data is not the full picture. The income disclosure statement only includes people who were Bravenly Partners during 2022. What they’re not telling us, is how many people quit. It’s quite likely that most or even all of the 58.21% of partners who earned nothing in 2022, will not renew their membership and will drop off the table completely for 2023.
If we really had the full picture we assume we’d see that more than 50% of Bravenly partners quit each year, and less than 1% earn a full time income from the business opportunity.
If you are considering joining Bravenly, or any other MLM, we strongly suggest that you consider all your options before making a final decision.
For posts like this check out our list of MLM Income Disclosure Statements. If you notice one that you think should be added to the list, let us know and we’ll do our best.