Kula Brands Overview
Overall Ranking: – Legit
Price: $199 Affiliate Membership
Owner: Peter Ganter
What Is Kula Brands?
Kula Brands is a new way to earn money by promoting new products and inventions through crowd funding or crowd sourcing. When you sign up you will be able to see what other members are creating, and once you choose a product you feel is worth promoting and selling you can begin to market that product. You will earn commissions every time that product is sold using your affiliate link and website.
What Are The Kula Brands Products?
Kula Brands doesn’t have any company built products, the product comes in the form of an affiliate program that allows members to earn commissions from the sale of products created by inventors, artists and others that come to the Kula Brands community.
Members of Kula Brands basically vote on which products will be funded and put into production.
Check out this video and listen to co-founder Jeff Hoffman’s vision:
What About The Compensation Plan?
There are several ways you will be paid from Kula Brands. Once a project has reached the required amount of funding it is reading for manufacturing and then for sale. Kula Brands receives royalty fees and then shares them with the members.
There are 3 pools in which royalty fees are shared, the Founders Pool, the Branding Marketing Pool and the Sales Pool.
Here is a quick overview on what each pool is:
Founders Pool: When a member offers money to a project before production they will earn points in the Founders Pool.
Branding Marketing Pool:
When promoting a project in social media, affiliates will earn points that will be tracked by in house tracking software.
Sales Pool: Members will earn points if a product is purchased through their Kula Brands website.
So Who Is Kula Brands For?
Kula Brands in my opinion is a good choice for those who are familiar with other programs that are based on goods created by the members such as Etsy, Zibbet, Artfire etc. Is Kula Brands for everyone, possibly but I think the price to join may keep many away but the opportunity to make some money is definitely there.
My Final Thought On Kula Brands
Since Kula Brands is relatively new the amount of products available are somewhat limited but sure to grow with time and the price to join…. $199 seems a little steep at this point so investing that kind of money might be a little risky.
Like anything there are positives and negatives about this company but given some time I think this will prove to be a legitimate place to earn a little extra money.