BetRobot is a…well, it’s a…sort of MLM that is gaining interest fast that involves gambling.
There is relatively no information about the company who started this business, or is there an official website. The entire “business” runs by an app within another app. Those who are pushing it claim that the company claims (yeah, it’s like that) you can earn 6% daily.
It doesn’t take a genius to logically take those rates and figure out the claim is really over 2000% annual yield.
Don’t know how you wanna take that, but most people would say it sounds like a little word that rhymes with “sam” (e.g. scam). Continue reading
Lyoness is a cash-back membership-style MLM.
This may sound unique, but there are a couple of other memberships that are set up almost exactly the same way.
Back in 2003, a guy named Hubert Fried started the company and it grew very rapidly across the European scene. You may not have heard about this style of MLM, let alone this particular company. We’ll break down what they do, how you’d get paid, and whether or not it’s worth it. Continue reading
iPro is an MLM that gives investment opportunities via its “Pro Coin” digital currency.
If that doesn’t sound like your everyday, run-of-the-mill direct sales company; that’s perfectly normal. It’s not. The question isn’t whether or not, they do things a certain way, it’s whether or not you can make a little money doing it.
There aren’t any physical products, which could throw many people off. And to be honest, it’s not for everyone.
That said, if it intrigues you and you love investing—give it a look.
iPro is essentially a crypto-currency (a lot like bitcoin).
They aren’t physical dollar bills you’ll be holding, but you will be investing them into the company. A decade ago, no one even heard of bitcoin. Fast forward and it’s made several people millionaires. However, that’s a highly sophisticated currency that has been built to contain a limited amount of units.
Not sure how many Pro Coin they plan on making.
Making money here is all about building your own network. The more people who buy into the currency, the more coins will be worth—meaning your investment will be worth more over time.
That sounds cool, but I’m sure most of your warning bells are going off about now.
iPro doesn’t sell anything, but allows you to invest in a currency. They then send you out to garner more interest and sign up more investors, so their currency is worth more over time. I hate to break out the P-word in an MLM review—but that sounds like there are people getting rich at the top.
After all, investments are risks.
The shocking part is that they don’t have any retailers that you can even spend these pro coins at yet. Plans are in the works, but to invest any amount of money in an alternative currency—most people are going to want to know where they can spend it, or sell their “shares”.
Think about it. You have a nice MLM business that sells supplements and you say, “these are great for helping you lose a few pounds.”
Your friends and family think about it, try it out, and if it works they’ll become customers or sign up under you. That’s how these things are supposed to work. You convince others the products are worth it, and if they want to start a business too, great!
Now, let’s try to sell iPro.
“Hey, you want to give me money to give to this company so you’ll own some of their crypto-currency?” Doesn’t have the same ring to it.
But, even if your friend says, “You mean like Bitcoin? I love them. Who excepts these ‘pro coins'”. You say, “Well, no one yet. But the company that really owns all the ‘money’ is working on it.” That doesn’t sound like you’re going to have much luck.
Eventually, if they get retailers involved and we start to see that the coins are actually going to gain traction, it could be worth the investment.
That said, it may be too late then and the price of admission may increase dramatically. If you’re a risk taker and would like to take part in something that may turn out to be the next Bitcoin, there could be something there for you.
Most will not have that kind of patience.
The compensation plan does allow for you to start making money, but it’s not from selling products. You have to convince your friends there is something there more than digital money that can’t be spent anywhere.
Anyway, it costs $50 to become a member.
Then, there are several levels of investment that members can partake in to own some of the coins. There’s ‘basic’, ‘intermediate’, ‘accelerated’, ‘advanced’, and ‘professional’. The cost ranges from $100 all the way to $5500.
The kicker? The real money you invest gets you an undisclosed amount of the share of pro coins. That’s right, you don’t know how much your money gets you up front.
I think everybody reading this can do a collective sigh at the failure of that system. Imagine our fictitious sales scenario above when you’re not only trying to get friends to buy currency that you can’t spend, but actually try to get them to fork out almost six grand.
All for 10% commission on referrals.
They give you $5500, and you make a cool $550. Where does the rest go? I think you know the answer to that. Hopefully, it’s going to the build the relationships with all of those retailers that the company is promising to set up.
If not, that would seem like a pyramid [insert what you will here].
If you’re not interested in handing over cold hard cash for an unusable currency made up of 1’s and 0’s, we’ve reviewed dozens of real businesses on this site. One of the best we’ve seen is Nerium, but like we said, give the site a look.
Ok, not sure that you know our opinion on this company yet or not.
If not, here’s a brief rundown.
iPro doesn’t sell a physical product. They don’t disclose how much of the currency you own when you invest. You’re not building a network, you’re getting a commission off of selling something that doesn’t really do anything. There are no retailers (at the time of this review) who take the currency as a valid form of payment.
There’s nothing that screams, “Great Opportunity” for anyone.
World Global Network is a wearable and technology MLM with some products you won’t find in any other direct selling company.
It’s a very new venture, started in 2011.
According to the site, their mission is simple. It’s time to bring people together to achieve a healthier lifestyle through technology. There is the health angle (like others in network marketing), but it’s not like any of those you’ve seen.
Some of the products seem really neat and you can bet they’re unique. The question is whether or not you can sell them to others and sign up distributors underneath you. Continue reading
Young Living Essential Oils is an MLM company in the health and wellness industry.
They were established in 1994 in the farmlands of Utah and Idaho. They like to recruit others who believe in their mission in inspiring others to live in wellness and purpose.
Other than being the leading company in essential oils, they help the community through The Young Living Foundation. They work with children around the world and provide resources and education to help them reach their goals. Continue reading
Xyngular is a health and wellness MLM specializing in supplements and drink mixes.
The company was launched at a kitchen table in 2009, which is different than many of these direct selling corporations. Most of the time, they’re started by people who were hardcore MLMers or founders of other network marketing companies.
Not that it’s a bad thing, but the fact that this one has humble beginnings is cool and could mean they’re more geared toward the “little guy”.
The products are similar to a lot of others in the industry, though. Continue reading
Thirty One Gifts is an MLM specializing in tons of non-consumable goods (mostly bags, totes and baskets). Things like bags, jewelry and home.
It’s almost entirely geared toward women. In fact, the first line on the “Our Story” page is a company founded with the simple mission to empower and support women.
Started in 2003, this direct selling company seems to be first and foremost dedicated to helping women start a business selling things that other women want to buy. It’s a mashup of fashion and opportunity that could really appeal to many. Continue reading
Bode Pro is a health MLM with a few drink-based products to boost productivity, focus and energy. They self identify as a start up tech company and focus on using technology.
They feature an app to help their distributors capitalize on social media by turning followers into paying customers. This app helps to scale your business while taking care of the things you may not be familiar with such as sales funnels and product fulfillment.
With one of the weirder compensation plans, there are definitely some unique things about this opportunity.
XANGO is a MLM company operating in the health and wellness business sector. The company was founded in 2002 and is based out of Lehi, Utah.
This MLM is geared toward Millennials, focusing most of its recruiting efforts toward women.
Along with selling products, this company also gives back to the community. XANGO Goodness Foundation donates a percentage of net corporate profits to children’s foundations around the world. Continue reading
Zurvita is a health MLM that produces drinks and weight loss products.
Started in 2008 by a couple of direct selling magnates, Mark and Tracy Jarvis, the company seems to be geared more towards the distributors than it is the customer. Products seems cool, but according to the “about” page:
Create an environment where people can win at every level. The culture at Zurvita celebrates all successes with Independent Consultants at every level.
It seems to be geared more around faith than other MLMs, too. Which could be a plus, depending on what kind of business you’re looking to start. Continue reading