Is Bocannaco A Scam!? (A Hemp Oils Pyramid Scheme!?)

It’s likely that you have come across Bocannaco through an email list, on social media or got it recommended by a friend or family member.

Is Bocannaco a scam? The reasons why you’re here is because you have want answers right so, that’s what I’m going to provide for you within this Bocannaco review.

First and foremost I must commend you for actually doing a bit of extra research before committing to joining Bocannaco. For all you could have known, the product could be a major scam so the fact you’re here right now, researching whether or not that’s the case is a pretty smart move on your part.

To be fully transparent with you, I am personally not a member of Bocannaco so I can assure you that I will not attempt to sell you it unless of course it’s worth investing in.

What I will aim to do is provide you with an unbiased 3rd party look at Bocannaco that will hopefully help you to make the best decision you can in the end.


PRODUCT NAME: Bocannaco

OWNER/S: John Daniels and Dr Roberts Lawrence

TYPE OF PRODUCT: CBD oils MLM

PRICE: $99/year

SUMMARY: The good news is that from the information I’ve gathered, Bocannaco isn’t a pyramid scheme or a scam’. It’s a legitimate MLM business but, it also is very new one so I don’t know If they’ll remain in business for very long due to how most companies tend to close down within this period.

One thing I really like about the company is its relatively affordable startup costs and I guess the fact they test their goods in 3rd party laboratories is good too, meaning they’re not personally tampering “the benefits” when promoting their products (then again it’s quite hard to clarify if they are or aren’t).

What I don’t like about the company is that ultimately recruiting will determine whether you succeed or don’t and the pricing of the products are a little too much.

Besides these points, I don’t see why you shouldn’t join the company despite how young it is. Personally I wouldn’t recommend joining and promoting Bocannaco but, if you’re determined to start the business, I highly recommend learning how to generate leads that are warm, which I reckon my #1 reccomended product can help you with.

FINAL RATING: 2.5/5

RECOMMENDED: NO


WHAT IS BOCANNACO?

Bocannaco logo

Bocannaco is a MLM company founded not to long ago in October 2017 (at least that’s when the website was registered) and although the founders aren’t listed on the website, through a bit of research I managed to find out that John Daniels and Dr Roberts Lawrence are the co-founders of Bocannaco.

This MLM is another one that’s decided to jump on the bandwagon of hemp oil industry within the health and wellness niche, in fact they claim to have the “best hemp oils” in the industry. Of course these are just empty claims but, who knows there may be some truth to it.

As a side note, I have reviewed multiple different MLM companies on mildmattersofmoney.com, the likes of which include Kannaway, CTFO, wellness biosciences and a few more so, specifically in the CBD oils hemp industry Bocannaco has a fair bit of competition and of course a ton more competition in the health industry in general.

It’s only since the legalisation of cannabis that this area within the health industry seems to be expanding a lot and with it the competition is a lot tougher too so, joining Bocannaco as a business partner doesn’t necessarily mean you’ll succeed with the company.

Nevertheless, I’ll go over the details of the company so that you can make a more informed decision so first things first, let’s discuss the product line.

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BACANNACO’S PRODUCT LINE

As you know Bocannaco’s main products are CBD oils based. As for what CBD oils are, they are an extract of the hemp or cannabis plant which, of course is what’s primarily asocciated with the very popular drug, marijuana.

However, the difference between the oils Bocannaco produce and marajuana is that the substance that intoxicates individuals, THC, is almost completely removed from the oils so only the hemp plants medicinal benefits remain, benefits that have proven to be very helpful when treating diseases and illnesses in general.

As for the products Bacannaco have, they include :

  • BocannaCaine Fast Acting Gel
  • 1000mg CBD Oil
  • CannaGize
  • Excalibur 1500mg Active Driven Terpenes
  • Macy Mask

Their line up of products isn’t massive by any stretch of the imagination, in fact it’s very minimal however, because there aren’t a ton of different products, this way they can focus more on the quality as opposed to having you join and promote really low quality ones.

One thing that I find a little disappointing is the pricing of each item. They all cost around $100 or more so, you’re definitely not going to be saving much when buying any thing Bocannaco offer.

For a more detailed look at the benefits that each of Bocannaco’s products have, click here. 


HOW DO YOU MAKE MONEY WITH BOCANNACO?

As is the case with pretty much all MLM businesses there are 2 ways to make money with them, Bocannaco being no exception.

1. The first method is by directly selling the product to other individuals and in return make a commission for the sales

2. You make money through your recruits and downline, by getting residual income by following and meeting certain criteria as well as make money through bonuses and incentives due to meeting company set goals.


HOW TO GET STARTED

In order to become an official Bacannaco member there is one thing you’ll need to do and that’s is purchasing their $99/year membership fee.

By paying that fee you’ll get access to a mirror Bocannaco website, training materials, and tools to promote your business. That’s as much as I could find regarding the fees, there may be more but, if you want more information on what you’ll need to do in order to maintain a Bacannaco membership I’d suggest contacting the company personally.

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COMPENSATION STRUCTURE

Bocannaco actually has a very simple and straightforward compensation plane with only 3 different ways you can earn with it :

  1. First Sale Bonus
  2. Residual Commissions
  3. Organisational Residual Income

If you’re serious about joining the company, it’s best that you really learn this plan and I personally suggest checking out the video below to get a better idea on how to earn with the company.


THE NOT SO GOOD THINGS

You’ll Need To Recruit To Succeed

The one thing that every MLM out there requires of you is having the skills for recruiting a lot of people into your team. If this isn’t a skill you have, there’s a very very good chance that you won’t be able to succeed with Bocannaco.

So, if you’re not good at recruitment, whether it be face to face or through online lead generation forms (through a website or paid ads) I really don’t think joining Bocannaco will be all that great a business opportunity.

In fact the large majority of MLM’s I’ve checked out tend to ask you to spam in order to get people to join often asking you to nag family and friends to join. If Bocannaco asks you to do this, or its members ask you to do this, that’s already a pretty big red flag and a reason to be a little cautious.

Of course, because Bocannaco is so new a lot people are using this strategy and in turn are using a form of some ponzi marketing to entice family members to join, where they’re often joining out of pity and not because they genuinely want to.

Bacannaco isn’t a very expensive MLM to join but still, recruiting individuals who aren’t even interested in joining will prove to be a bad decision anyways which is why myself and anyone else in this industry would recommend you only recruit people who are genuinely interested.

Whether you accomplish this through face to face marketing or through online methods (you can learn a few methods from this course) and someone how manage to succeed, do keep in mind Bocannaco’s primary method of generating income is going to be through recruitment, which generally isn’t something I’m a fan of.

The Products Are Really Expensive

When compared to similar products in the market, Bocannaco’s line up is 2 – 3 times more expensive. This will ultimately make it tough for you to make sales and affect your personal retail sales in the long run.

MLM’s all tend to charge an arm and a leg for their products but, that’s just how they at this current moment so there’s not much else you can do about the prices unless you want to make a loss on every sale.

There’s A Good Chance That You’ll Fail

Beacause the company is so new, there isn’t really any real data on the success and failures of Bocannaco however, having reviewed many MLM companies and seen tens of different income disclosure statements from worldventures, 4life, my daily choice, I’m pretty the success you’ll see as a distributor will be slim to none.

Generally speaking around 5% of distributors will be making around $1k/month whilst a measily 1% will come out with $2k/Month or more (A full-time income)

I honestly don’t have very high hopes for most when it comes to succeeding with MLM’s in general so this perspective still stands when it comes to Bocannaco.


THE GOOD THINGS

Reasonable Costs To Start Up

One thing I do like about the company is that it only costs $99 a year to pay for the membership. This is helluva lot cheaper than the majority of other MLM’s out there so I got to give Bocannaco props for the cheaper price tag

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IS BOCANNACO A PYRAMID SCHEME/SCAM?

The good news is that from the information I’ve gathered, Bocannaco isn’t a pyramid scheme or a scam’. It’s a legitimate MLM business but, it also is very new one so I don’t know If they’ll remain in business for very long due to how most companies tend to close down within this period.

One thing I really like about the company is its relatively affordable startup costs and I guess the fact they test their goods in 3rd party laboratories is good too, meaning they’re not personally tampering “the benefits” when promoting their products (then again it’s quite hard to clarify if they are or aren’t).

What I don’t like about the company is that ultimately recruiting will determine whether you succeed or don’t and the pricing of the products are a little too much.

Besides these points, I don’t see why you shouldn’t join the company despite how young it is. Personally I wouldn’t recommend joining and promoting Bocannaco but, if you’re determined to start the business, I highly recommend learning how to generate leads that are warm, which I reckon my #1 reccomended product can help you with.


MY PERSONAL RECOMMENDATION

I personally will always recommend against using a MLM business model to make money, not because you can’t make money through it (you totally can) but, the system has always seemed shady to myself and is kinda synonymous with the likes of a pyramid scheme or scams (MOBE and Digital altitude).

Instead I prefer working with something created through ones own means and is ultimately dependent on yourself and your work ethic alone.

This method I’m talking about is affiliate marketing. 

The reasons as to why I recommend it over MLM based structures are because

– there is no need to recruit constantly

– it is a legitimate method that has been working consistently and continues to grow as more businesses want individuals to promote products

– and because it is free to start up, no unnecessarily large start up funds needed.

The service I recommend is Wealthy Affiliate. It’s free to sign up to and will get you set up and ready to start your affiliate marketing journey within minutes, as it did for me when I begun my journey.

If you have any questions that you would like to ask me regarding Bocannaco, feel free to do so in the comments section below and I will get back to you as soon as I can. If you have your own thoughts about Bocannaco and would like to talk about it, again feel free to do so in the comments below!

Thanks

Amhil

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