Color Street Review 2022: Legit MLM or Pyramid Scheme Scam?

Hey guys, David Nelly here from Safe Money Makers, and today we are going to be taking a look at the Color Street Multi-Level Marketing company based out of New York.

Now, I’m not really into the health and beauty type of space, I don’t care about coloring my nails despite the thumbnail I used for this post y’know, I’m more into Monster Trucks and playing Call Of Duty, so you might be wondering, “David Nelly, What business do you have reviewing this company?”

And for my response…well this is a Multi-Level Marketing company, it is another one of those companies that presents you a shady business opportunity to promote their products or sell some sort of membership to someone else.

It’s Another one of those MLMs that give you false hopes of quitting your 9-5 job while also falsifying income claims to make you think you are going to start making $10,000 per month.

Now I’m not saying that Color Street is committing these lies, but my job here at Safe Money Makers is to help you avoid bad programs, scams, and pyramid schemes,  as well as help you find that online business opportunity that does guarantee you legitimate job replacement income!  (If you are willing to put in the work)

If you have studied MLMs and pyramid schemes like I have, as well as done all the research that I have, you would already understand that only 0.4% of people turn a profit in the Multi-Level Marketing/Direct Selling Industry.

This is directly stated in a study done back in 2011 by the FTC (Federal Trade Commission)

You can read all about that study by clicking here.

You may also be interested in reading my article about why I don’t recommend MLMs as a substitute attempt to build a residual income.

So obviously I might have a biased opinion, you can clearly see that I take an anti-MLM approach towards business opportunities, but I am not saying it is impossible to make money through an MLM program.

So, with this review, we will discuss the Color Street products, and give a review of these products based on their quality, as well as what people who use them think about them.

Then we will also go through their compensation plan, and see if this is a real business venture based on how well you will get paid, as well as how much time and effort you will have to put into both seeing a return on investment, as well as thriving through this company.

So, without further ado, let’s get into the review.

The Premise of the product:

-Name: Color Street.

-Owner: Fa Park

-Summary: MLM company that operates in the Health/beauty space with Nail Strips being the source of its product.

-Opportunity Cost: $129 for starter kit opportunity +Upsells and Monthly PV payment if you are not getting sales.


-Pros:

✅Popular Product with high praise from some of its customers

✅Unique Product


-Cons:

❌Income opportunity is relatively low potential for an MLM

❌Nail strips are overpriced and you can easily find products of the same better quality. We here at Safe Money Makers call this “The MLM Compensation Plan Inflation Act”

-Our rating: 1.25/5

-Is it a scam or is it legit: It’s legit, but not a great product or opportunity

Is this David Nelly approved? No

What is Color Street?

Color Street is a Multi-Level-Marketing company that operates in the Fashion and Beauty Space with Nail Polish coloring and styling being the bread and butter of their business model. The company started back in 2017.

Most of their product is nail strip designs. The strips are made out of 100% nail polish. These products are all produced at a manufacturing facility out in Clifton New Jersey.

History of Color Street:

About Fa Park:


One day in New Jersey, Fa Park saw a woman inside of a cab applying nail polish. She appeared to struggle with the process, as nail polish can be a pain sometimes. At this moment, something that seems so insignificant became like one of those slow-motion movie scenes of realization for Fa Park.

He thought to himself, there’s got to be a better way to apply nail polish. This lead him to start to learn chemistry, learning the process and art of nail polish, and over time he started his factory that created and chemically engineered nail polish. Then he created his first nail polish company known as Incoco back in 2007.

This company is still owned and operated by Fa Park, but he created another brand of Nail Strips called Color Street in 2017.

The company is definitely a hit, as today their Facebook has over 200,000 likes.

Products Review:

The products are of good quality, and the nail strips are very easy to put on. For most nail strips, you have to cut the excess strip off in order to get the imprinting that you need. With these nail strips, you can literally peel them right off.

In addition, the nail strips are 100% real nail polish. Most nail strips are like stickers…from what I understand. The good thing about these strips is 100% nail polish is that it makes the product higher quality, and it helps the polish last longer.

However, a con of the fact that it’s 100% nail polish is that when you open the package and expose all of the other nails inside the package, it will be hard to keep them fresh.

Let me use an image of the product to show you what I mean.

All of those nail strips are in one plastic bag. So if I..or well, let’s just say my girlfriend (because I don’t paint my nails) opens one of those bags with the product in it.

You can probably clearly tell that I don’t know what I am talking about, so therefore I am embedding a YouTube video that I listened to that helped me massively while writing up this review.

What does the public think about Color Street’s nail strips?

Now, when researching an MLM, I always do my best to see what the public thinks about an MLM product as well. My #1 place to get a public opinion is always Reddit. That website is always full of the most down-to-earth chill people who have actual discussions, and not some website blog that’s trying to sell you stuff.

Now, when I looked through Reddit, basically everything that I found was giving Color Street the thumbs down due to the fact that it’s an MLM, and these opinions I will go over in more depth when we get to the compensation plan review for this article.

Still, I did find small pieces of commentary for this company that does praise the Color Street product despite it being an MLM.



Such as this lady, who really enjoys the product, but yeah, there’s that catch-22 of it being an MLM.



Again, another person is satisfied with the product, however, it’s that predatory MLM business structure that turns everyone’s head in the other direction. Everyone satisfied with this company

Now I’ve also found arguments online debating the flip side of this company. Why spend like $20 on nail polish strips when you can get them much cheaper at Walmart through other brands? I have also managed to dig up some reviews online with customers not being satisfied with this product at all.

This woman does not appreciate how easy it is for these nail strips to go bad, and in addition, she claims that nail polish is much easier to work with.



and here is a picture of this customer applying the nails.


There are many more places to find a public opinion about this product but they all more or less say the same thing. I don’t want to take up too much more of your time on this topic, so I’ll put some links down below that will take you to some interesting threads about the product on Reddit. Feel free to read the topic and go through the comments, as for those who are interested in finding good nail strips/nail polish will get some good alternative suggestions, as well as opinions on this product.

The majority of people are saying these are good nail strips but also overpriced.

If you look around, you can find cheaper and also better alternatives to Color Street.

https://www.reddit.com/r/antiMLM/comments/rjpnuo/thoughts_upon_trying_color_street_which_i_was/

https://www.reddit.com/r/antiMLM/comments/iz8uvm/why_did_i_say_yes_to_color_street/

https://www.reddit.com/r/antiMLM/comments/uf18wm/is_there_anything_particularly_wrong_with_the/

Color Street Nail Strip Pros:

✅Lasts a lot longer than normal nail polish. Many people who use these products claim that they last way longer.

✅They have the biggest selection of choices for colors. In addition, they have designs fit for the holidays when they come around, such as Christmas designs, and Halloween designs.

✅The product works well and can easily be applied. (claimed by some, but not all customers)

Color Street Nail Strip Cons:

❌The base of the strips is rough.

❌Taking the nail polish off is an arduous task.

❌I consider the fact that these are 100% nail polish a pro, but there is a con that comes with that. Since this is nail polish and not some cheap printed material, it is much more difficult to keep these products fresh. This can lead to a lot of wasted product, and for you the customer, that’s a lot of wasted money.

❌These are the most expensive nail strips in the world. You can get nail strips easily for less than $5, in fact, you can get ones from Walmart for $1.98 in a lot of cases. While these products are of good quality, it is easy to see that it has the MLM inflation costs added to the product to support the downlines.

Added inflation costs to “support a small business” does not justify the worth of the product. An average product is still an average product and should be charged at the price of its quality tier.

Color Street Products Rating:

The best thing that Color Street has going for it is that it can potentially last for up to 2 weeks, that’s really good for busy people who don’t have the time to switch their nails throughout the week. I also like that they have a lot of designs.

However, these nail strips suffer from rough strip bases, the fact that getting the nail polish off is an arduous and time-consuming task, and I strongly dislike how easy it is for the product to lose its potency once unsealed from its packaging. The packaging comes with too many nail strips, so not only is the product overpriced but in most cases, you won’t have enough time to go through all of the quantity of the nail strips.

Even if you are a mother and you had two daughters who were into painting their nails, you still would not be able to use the quantity of the nail strips up in time before the product becomes unfresh.

I also do agree that the quality is worth the asking price for the product.

Color Street Nail Strips get a…

2.5/5

Alternatives to Color Street Nail Strips:

A common complaint about Color Street is that they are an MLM. This is enough to make potential customers turn away from this company as they believe that MLM is a predatory and disgusting business model.

I have a few recommendations that I have gathered from reading what other people have used to compare to Color Street Nail Strips and I will link them down below.

*these are not affiliate links*

No Time Nails sell nail sets for only $5, a very inexpensive choice for cheap but good quality nail strips. I will list a picture of a product example below…


Lily and Fox sell fun nail designs, many of them based on upcoming events and holidays. They are super cheap, each set costing $3.99, with much better pricing choices compared to the $15-$20 charge that Color Street is asking for.


There are many other options you can choose from as well if you are looking for good nail strips.

Here is a small list of other recommendations I found online.

  • Salley Hanson
  • Dashing Diva
  • Essie
  • OPI
  • Zoya

And I am sure that there are many more other MLM alternatives for nail polish/nail strips. Trust me when I say that you could probably do a much better job than I could at finding good nail strips lol.

Compensation Plan Overview/Review:

Generally the most exciting part you see when introduced to an MLM. This is that part of the company that deflates your upper stomach with excitement. Finally, a light at the end of the tunnel, finally an opportunity to get out from underneath my  9-5 job that I put my blood, sweat, and tears into just to barely afford my rent for my 400 SQ FT studio apartment. Be your own boss and so forth.

Is Color Street that one compensation structure that is finally going to give you your freedom, or is this just another one of those predatory structures that are actually going to drain your wallet dry? I don’t mean to sound narcissistic or sarcastic by any means, but there’s a 99.6% chance you are going to lose money trying to maintain your own Color Street business, but anyway, let’s get into the details.

If you wish to read the Compensation Plan directly from the company, I will provide a link to the Color Street Compensation Plan PDF here:

How much money can you make with Color Street?

I’m going to go through the entire Compensation Plan for this company, but before I blow your frickin mind with information that isn’t particularly useful for people who just want to know about the income potential, then this section is for you.

I’m going to put this here for you so that you don’t say “David Nelly…why are you feeding me all of this grauble, just tell me how much I can make and get to the point.

Now, on the chart above, look at the percentage of stylists with the red circle on the graph. Let’s add that percentage up so that we can figure out how many stylists in this company make at least $7,800 per year *Income Including Fees*

98% of people who are in this company make a maximum of $7,800 per year, and only 3% of those people have reached that team leader rank, which means that 95% of stylists make only around $3,700 per year. At least 59% of stylists only make around $100 per year.

These numbers in my opinion are very telling of the opportunity, while they use the MLM motivational slang for being your own boss and firing your 9-5. you can tell by this graph that there isn’t a high chance of growth in this company.

If that’s off-putting to you and your main goal for being involved in this company’s MLM structure is to make money, you might want to reduce the risk of a migraine headache from reading the typical but very difficult to understand compensation plan, and just read the end of my review that lists out the Pros and Cons of this company.

I list the potential income of all of these phases at the bottom of each phase. These are sources cited directly from the company’s income statements. They do not represent what you will make at each phase of leadership, but rather provide you with the average income of stylists on their journey.

**If you don’t care about all of the legs and the downlines and other confusing factors and simply wish to know how much money you make through each phase of the compensation plan, read all of the headings that say “Estimated income level for —— phase**

1. The Marketing Phase:

This is all about hosting nail party’s/nail bars and getting your friends and family, or just anyone in general an introduction to the product.

Retail Commissions: Depending on how much you sell, earn between 15-35% on your sales based on 1 week.

Jump Start Bonus: After starting your business and reaching sales goals, you will start to earn product credit. These are like a bonus “hey, you’re doing a good job” payments that the company will give you.

Now, I do notice that they call this currency “product credit”. I don’t know for sure, but I’m assuming that means you can only use that money to buy products from Color Street, so that means it will probably be in the form of like a gift card for Color Street. It won’t be tangible money that you can use on whatever you want.

Level Bonus: Once you earn the rank of a qualified stylist, you will become eligible to start recruiting and building your downline, the bread, and butter of all MLMs. Make small commission percentages off of stylists built on your level legs.

Marketing Phase Rank Promotion Bonuses: Upon reaching the Senior Stylist rank and Elite Stylist Rank, you will be rewarded with a bonus payment.

The estimated income level in Marketing Phase:

Based on the income disclosure chart, you will be making anywhere from $0 to $3700 a year at the marketing phase, with the highest level rank being the Elite Stylist. Keep in mind however that 60% of stylists in this company don’t even make it past the first stylist level.

Now I don’t mean to be a dream crusher, I merely wish to give you a realistic outlook on this opportunity. For mostly all stylists, the $3700 Senior Stylist is the highest wage any stylist can make. Unless you have magical marketing powers, you will not be able to break through the mold to achieve higher income levels and brackets.

Like how I showed in the income header statement before I got into how all of this works, add up the first three brackets of the ranks which represent the marketing phase, and you will see that 95.41% of all stylists have NOT been able to break out of the marketing phase.

2. The Development Phase:

Here it is, the bread and butter phase of all the MLMs, the one where the hype of becoming your own boss and firing your toxic 9-5 boss and reaching your full potential becomes a possibility. In this phase, you will become the leader of your business industry by enrolling your stylists, mentoring them on the business, and helping them succeed.

To get into the development phase, you must qualify for the Team Builder position. To do this, you must meet sales volume and leg requirements in your downline.

Development Phase Rank Promotion bonuses:

Listed below.

Jump Start Enroller bonus:

If people in your downline achieve their jump-start goals of selling 500 Personal Volume within their first 30 days and so forth, you will be rewarded with a $25 Product Credit.

Development Phase Level Bonuses:

It doesn’t explicitly state what these bonuses or the % represent, but If I had to take a guess if you have someone whos promoted to the following ranks based on the primary/secondary legs, that is the percentage of commission you would make off of them.

So TB, which means team builder means that if someone under your L1 Leg becomes a Team Builder, you’d make 6% bonus commission kickbacks on their sales. If someone in your L2 leg becomes a team builder, you’d make a 2% kickback on their sales.

Same representation for the other terms of Senior Team Builder, Team Leader, and Senior Team Leader.

The estimated income level in Development Phase:

I believe that the ranks of the development phase within the Team Builder-Senior Team Leader ranks. The team Builder earns slightly more than the Senior Stylist, so let’s assume that rank earns $4000 annually, then as they progress through the ranks, their cap is that circled $7,800 per year rate.

Only 3% of Stylists have managed to earn this much from Color Street.

3. The Leadership Phase:

Upon attaining the director rank, you reach The Leadership Phase.


The estimated income level of the Leadership Phase:

The leadership phase starts at the director rank, and I believe it goes all the way up to Executive Director.

So that’s quite a jump from the Team Builder to Director’s average income. I’m assuming that as a brand new director, you’ll be making around $9,000 to start out, then work your way up to that average there, then continue to move up ranks to executive senior director and then finally the Executive Director.

At last, a wage I can use to fire my toxic boss!

Only 1.48% of people have managed to get into the leadership phase of this company.

In addition, as you can see, only 0.36% of people have managed to make $33,948 per year in this company, which requires you to have attained the Senior Director Rank. That comes to around $16 per hour.

The catch is that you’ll be working way more than 40 hours per week to maintain your senior director rank, and you definitely won’t be making the overtime wage for your efforts.

The Executive Director may have an average wage of the beginning six figures, but your chances of achieving that rank and that income are astronomically low, with only 0.17% of all stylists within Color Street having managed to make it this far.

The income opportunity isn’t looking too good now, is it?

4. The Directorship Phase:

This chart displays the requirements, volume caps, and other factors of being in the directorship phase.

Not a lot of information is given on Color Street’s Directorship income level outside of…well…you know…the graph that they have to provide due to the FTC regulations that were implemented in 2021 (thank you ????)

Estimated Income Level of The Directorship Phase:

So this is where the big boss’s party at. 0.7% (less than 1%) of all stylists within Color Street are making between $200,000 to $800,000 yearly. They are driving those Bughatti’s that all the MLM hustlers have been dreaming about since getting motivated to join them from that long-lost friend of theirs that they haven’t talked to since high school.

Well maybe not, I think a Bugatti would still make the lower six-figure earners gulp out of fear for that expensive purchase, well, at least it would for the responsible ones.

Is it reasonable to expect to reach this level?

Again, no, to be realistic, I don’t think it is.

Unless you really really…and I mean really truly love nail strips with every fiber of your being.

But I don’t think even that is enough, because more than likely, the Executive and National Executive Directors are people who have been associated with Fa Park since before he created Color Street. In fact, I’m willing to believe that a majority of the National Executive Directors are people who helped Fa Park build out his other nail business, Inoco Products, which has been in business since 2007.

Color Street Stylist vs typical 9-5 job:

As mentioned at the beginning of this article, you’ll see that the FTC specifically states in a PDF that 99.4% of people actually lose money in an MLM, and this has been confirmed based on conclusive research. If you look at the income disclosure statement provided by Color Street themselves, you can see that their results are not much more impressive.

In addition, I don’t believe that the income disclosure is providing the full details. I believe that they only provide the details based on stylists buying products from the company.

You have to take into account that MLMs, color street included will essentially take up your entire life if you invest and take them seriously.

With a job you go to work, you come home, you chill out and watch a movie. It is boring, but contrary to hustle culture beliefs, boring life is not a bad life.

With Color Street, you are always on the clock, even when you’re not paid.

You are spending money on the products too. You are hosting nail parties, and you constantly have your hand on your phone with your email or Facebook messenger open. Always doing follow-ups, always grinding, with a 99.4% chance of losing money, and probably a 100% chance of losing the respect of your family, and the good people in your life who are considered “normal”.

Not sure the low-income potential and the average nails are worth it for all those troubles.

Review Conclusion:

Color Street has some good momentum behind it. With over 200,000 fans on their Facebook page, you can tell Fa Park is doing something right with his marketing.

However, at the end of the day, all you have to do is simply google Nail Strips to find out that there are products of equal quality and less than even half the price of color street nail strips.

It’s a classic MLM price inflation to justify the recruitment efforts.

Not saying that this is a pyramid scheme, but I would label this as a pseudo pyramid scheme. There is a product in this MLM, but it is overpriced, and I would gander to say that the biggest customer base for this company is the people who join the compensation plan to become stylists, and as a result, end up having to buy $1000’s worth of product to keep their business alive.

Pros:

✅Hot company, with over 200,000 likes on Facebook, you can have confidence in knowing you are in a hot market.

✅Unique product and they are constantly putting up new trends and creating unique nail designs for their strips

✅Lots of praise by some (but not all) for the simplicity of the product, and the designs.

Cons:

❌Embarrasingly low-income potential

❌Products are over-priced and there are a lot of complaints about issues with the strips.

❌Company is an MLM and as a result, falls to the percentage curse, which means there is a 99.4% chance of you losing money by becoming a stylist for Colored Street.

❌2.76 rating on the BBB, majority of complaints are about it being a pyramid scheme.

Color Street gets a…

1.25/5

An alternative:

If you are looking for a way to make some passive income online without pouring all of your blood, sweat, and tears into it, and instead, building your business in a relaxing stressless way, you may be interested in checking out my #1 recommendation.

That’s all I got for today folks. I do hope that this review has helped you make an informed decision about Color Street, as well as whether or not its compensation plan is worth it or not.

As always, if you have any questions or concerns, feel free to leave them in the comments below or reach out to me personally by emailing me at itsdavidnelson93@gmail.com.

 

 

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