Author Archives: Roope Kiuttu
Hello! I am Roope "Robert" Kiuttu, the founder and owner of YourOnlineRevenue.com. I created this website back in 2015 to help you to make money online. You can ask me anything and I'll be happy to help you out. I help people daily to make more money online and I love seeing people succeeding. If you want to get my 1-on-1 support and help to make money online as well, get started HERE.
According to Wikipedia passive income is an income received on a regular basis, with little effort required to maintain it. In other words, you are getting passive income. You don’t need to work almost at all to get money. In this post, we are going to have a look at 5 benefits of passive income. I will also reveal to you how I earn money online on “autopilot”.
Before we dive into the article I want to give you an opportunity to take a look at my video where I explain the benefits of passive income and how you can earn it as well. I believe you will find this helpful and valuable. Enjoy!
Why is passive income important? Here are the 5 reasons.
1.You can provide value for more people
2.It forces you to learn
3.You have more time available for other things
4.Live anywhere you want
5.No income limits
Would you like to learn to earn passive income online? I earn money while I sleep, go for a walk, chat with my friends or lay on the beach.
Numerous people who have gone through that training are nowadays earning a full-time income online and having a freedom to live wherever they want and work whenever they want. Some people went even from $0 to $10,000/month without prior knowledge. NOTE: Of course it required work and persistence but over the time course it pays off.
Generating passive income is like playing a game.
Anyway, let’s discuss now more in detail about the benefits of passive income
If you want to earn money you need to offer value for someone. If you are an employee you are providing value for your boss and his customers. Then the customers pay your boss and the boss pays you and takes a little for himself.
Usually, if you want to earn the passive income you need to sell something. Rent a property, sell books, sell movies, sell music, sell other products or services which don’t require your own time anymore or sell investments when the value has gone up.
We all have 24 hours/day. If you want to counsel 100 different clients every day it’s almost impossible. But if you write a book or create a website you can counsel 100 000 people every day if they read your book or visit your website.
Or you can make a great song that serves 1 000 000 persons all around the world. Once you have made the album people can buy it and you get passive income.
Let’s face the fact: earning active income, in general, is dead easy. You send a job application, go to a job interview and get applied. Then you start doing what your boss tells you to do and he pays you. You are just required to do what your boss says but nothing more. (Okay this is a bit simplified but you understand the point.)
But if you want to earn a passive income you usually have to learn some skill before you can earn it. There are many different ways to earn passive income but probably one of the most common ways is to have your own business.
When you have your own business you need to be interested in your own subject and provide value for other people. Then you need to learn marketing and selling. Of course, you can outsource many things but most of the time having business forces you to face and learn many things that you haven’t ever faced before.
Let’s say that you are working 40 hours a week and sleep 8 hours a day which makes 56 hours a day. There are 168 hours in the week so you are awake 112 hours a week. That means that you are working over 35% of the time you are awake.
If the travel to your work takes 30 minutes back and forth, then your work requires over 40% of your time. THINK HOW MUCH THAT IS! Add the time you think and talk about your work with your friends. It means that work takes the half of your whole time (and life).
Do you want to learn new skills that you are not practicing at your workplace? Do you want to study some interesting subjects but you don’t have time because of your work? Or are you bored with your actual work? If you answered yes, then passive income could be a good choice for you.
Would you like to be there while earning passive income online?
Do you want to travel, dive into new cultures and live anywhere you want? When the income you made doesn’t require your presence you can choose where on this planet you want to spend your time.
Online businesses are a great example. When you have a laptop and internet connection you can connect if it’s required.
I just want to mention that there is no 100% passive income. If you buy and hold stocks then it’s probably 99,5% passive income. and if you are renting houses you still need to find a tenant and see that he has paid the rent.
But compare for example if you are driving taxi and earning commission of your shifts then it’s 0% passive income.
There are 24 hours a day. If you earn $50/hour (which is a lot over average) that makes $400 in 8 hours. If you work 14 hours that makes 700$. But there’s actually a limit. Your income limit is $700/day (given that you can work 14 hours a day).
But when you are earning a passive income you can earn $10 000/day because work doesn’t require your presence. Warren Buffett earned $37 million per day! in 2013. Let’s compare $700 and 37 000 000$. Is there a little difference? Which one would you prefer?
If you are working only for active income there always will be some limits. If you earn $20/hour the limit is 280$/day.
Instead of going to study 5 years university degree (and get a student loan) could one possibly be to build a business and start earning passive income?
Earning passive income is highly beneficial and recommendable. By earning the passive income you can provide value for millions, learn a lot of new things, have more time do the things you want and live anywhere you want.
Remember that earning passive income doesn’t mean getting rich overnight. It usually requires a lot of hard work and studying before you start earning it.
If you are interested in earning passive income through online business I recommend to start in Wealthy Affiliate
What do you think about passive income? What are the greatest benefits in your opinion?
I would love to hear from you in the comments below.
Today I am going to explain to you what are bitcoins and how do you get them. But first, a little story how I made some easy money.
Last year I bought bitcoins for around 600€ when my friend recommended them to me. I knew that this guy is very skillful when it comes to investing. I decided to give bitcoins a try. Today I just checked what are my bitcoins’ value and it was +2100€. So I already had made about 1500€ without doing anything. Well, a few mouse clicks.
I need to admit that it was the easiest money that I have ever made. Today I just withdrew a very small part of my wins but I am going to maintain my bitcoins because I believe that they are going to raise in value even more.
I have now earned more than $20,000 with cryptocurrencies. The value of Bitcoin and other coins is just going up and up. Is it just a bubble? I believe that the value will keep on rising for a long time based on the reasons that I mention in the video below:
Bitcoin is a first decentralized digital currency founded in 2009. It is somehow similar like any other “normal” currency like euros and dollars. You can pay your shopping with bitcoins. You can trade it to other currency or other goods. It has a certain value that changes like other currencies’ values change.
But there are a few differences about bitcoins.
1.Inflation doesn’t affect bitcoins. It is already defined how many bitcoins there will be in the future. No one can make them more than it’s defined beforehand. Compare this for example to dollars. 100 years ago $1,000 was a big money. But if you have $1,000 today, it’s only worth for $45 compared to 1916.
There are much more dollars out there every year so the further we go, the more their value goes down. Who knows if after one hundred years every second person in America is a millionaire because of the inflation. But inflation doesn’t have any effect on bitcoin because nobody can make more of them. That’s a big benefit!
2.Bitcoin transactions happen immediately. Let’s say that you want to transfer money to your friend who is living in a different city or country. If you make a normal bank transfer, it usually takes 1-3 business days. Money doesn’t get there immediately because the bank needs to transfer your money and it takes time.
With bitcoins, you don’t have to wait for days, hours or even minutes. Usually, the transfer happens in a few seconds. Think how easy it is to transfer money with them. This could also help many companies and business owners. Sometimes a company wants the money on their bank account before they start doing anything.
But you need to wait for 1-2 days until money gets there. I work as a transport manager and I know that using bitcoins would make some actions much easier and probably make more profit to companies.
=> Invest in Bitcoins Today. Get a $10 Bonus!
Here is a video which will explain you even more simply what are bitcoins and what can you buy with them.
Bitcoins are generated all over the Internet by anybody using a free application called Bitcoin miner. Mining bitcoins produces new bitcoins but it requires work from the server and the computer so it’s not very fast process.
Instead of me explaining you with long complicated lines how bitcoins work, I recommend you check one or two of the following videos which explain with pictures and simple explanations all about how bitcoins work and how people can change them.
How Does BitCoin Work?
How Bitcoin Works in 5 Minutes (Technical)
Bitcoin Market Price. Linear Scale.
Today in 25.12.2016 the value of a one Bitcoin is $883. The price has grown hugely in a few years as you can see in the graph above. If you had bought, for example, 100 bitcoins for $100 5 years ago, you would have now $88,300 value in bitcoins. Quite a good profit for a $100 investment, huh?
Bitcoin reached its highest value so far in 2014 when one bitcoin was worth even over $1,000. I believe that bitcoin has a great potential of growing in the future because more and more people are starting to use it and becoming aware of it.
As I mentioned before, I have made already around 1500€ with bitcoins and I bought them last year. However, that’s only a little sum if I compare what some of my friends have already earned with bitcoins.
The amount of companies that are accepting bitcoins grows year by year. You can already pay with bitcoins in tens of thousands (if not hundreds of thousands) companies. You can buy flight tickets online with bitcoins from some airline companies. Then you don’t even need to pay $5-10 transaction fee what you should be paying if you are paying with a normal bank account. I experienced this when I was buying my flight tickets from Finland to Germany in the last summer.
You can also pay your stay in many hotels already with bitcoins. Just to mention some other companies where you can pay with bitcoins:
So you can already use bitcoins in many different places. And if the trend keeps on going the same way, a number of companies will grow even more. Why wouldn’t company like to accept bitcoins? Most of the time it will bring them, even more, revenue.
You Can Already Pay with Bitcoins in Many Subway-Restaurants
There are a massive number of pages online where you can buy bitcoins today. However, not all of them are very reliable and some of them were hacked in the past. That’s why you should choose a big and a reliable provider to avoid losing your money because of hackers. Optimally you will buy bitcoins from many different sites because if one of them get hacked, you don’t lose everything.
The best bitcoin place to buy and exchange bitcoins according to famous bitcoin sites is Coinbase. Here are some reasons.
UPDATE! 16.1.2017 I have seen many controversial reviews about Coinbase on the Internet. Read my full review to find out more.
I have also used Coinbase myself and I can’t find anything negative about it. The platform is user-friendly and even beginners can use it easily.
Today you can get a $10 for free if you buy your first bitcoins if you register through my link. When you buy your first bitcoins for $100, you and I will be given extra $10. That way you are also supporting YourOnlineRevenue.com and our work on this website.
If you just want to earn easily $10, you can just deposit $100. Take your $10 bonus and then sell all your bitcoins right away. You will earn $10 in 5 minutes. Easy money.
Have you heard about bitcoins before? Do you have them? How much profit have you made? Leave a comment below!
Is IOTA legit? How does it work and what are the main benefits? Is IOTA a good investment or just another way to lose your money?
If you are looking answers to any of these questions, you have come to the right place! In this IOTA review, I will share my knowledge about this highly interesting cryptocurrency. Some people say that it will revolutionize our world in a way like an email replaced posting system!
I want to give you an opportunity to watch my video review of IOTA. I point out a few interesting reasons why IOTA could change the whole world. I believe you will find my video informative and helpful. Then you can continue reading the article where I share even more interesting details about this revolutionary cryptocurrency.
Name: IOTA (MIOTA)
Launched: 2017
Type: Cryptocurrency
Short Review: IOTA is, in my opinion, one of the most interesting cryptocurrencies in the world. Their technology has a potential to revolutionize our whole payment system and many other things (like an interaction between things). However, the project is still in its infancy and it’s not possible to give a 100% sure answer how this will work out. If it goes great, it may mean a leap for the humankind to a “new world”.
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Iota Homepage is modern and futuristic.
IOTA is a revolutionary cryptocurrency that is not using blockchain for transactions at all. People say that IOTA is a 3rd generation cryptocurrency like Cardano. It’s supposed to solve problems that two first generations weren’t able to solve. IOTA was launched in June of 2017 so we can say it’s still a relatively new coin especially compared to older ones like Bitcoin or Ripple.
Every single cryptocurrency in the world usually tries to solve a problem that other ones weren’t either to solve or it tries to do it better. Just like in a business world. You create a completely new thing or you just make something better than others are already doing.
The biggest difference between IOTA and other cryptocurrencies is that IOTA uses tangle instead of a blockchain. This may have benefits and of them is that it doesn’t have any transaction fees.
One of the most interesting applicactions of IOTA is that it may provide secure communications and payments between machines on the Internet of Things.
Anyway, let’s first take a closer look at the differences of the Tangle and a blockchain.
Let me first list a few typical characteristics of a blockchain. The following things are usually involved in that technology:
Let’s take a look at the characteristics of the Tangle:
Tangle can also provide important features like scalability, quantum security, and offline capabilities. I understand that tangle can feel like a complicated thing but a part of the following video will help you to understand it a little bit. The video below shows probably the simplest way to explain the tangle. I have set that it starts from the right time 4:02 where the guy starts explaining it.
He says a nice parable in the video that explains the difference between tangle and blockchain pretty well in my opinion.
Imagine that a tangle is a buffet restaurant where everyone serves themselves. Blockchain, on the other hand, is a restaurant where you are served and a waiter brings you the food.
Blockchain becomes slower when there are more and more users in the system. However, with tangle, we don’t most likely face the same problem. Even though there would be billions of users, they can “serve” themselves to approve the transactions. If you are interested in the other differences of tangle and blockchain in a great detail, I just recommend that you watch the video above. It explains all of them pretty well.
This is pretty amazing and revolutionary thing so I would like you to read carefully. I also would be eager to hear your thoughts and opinions about this afterward in the comments below.
IOTA technology allows machines that are connected to the Internet of things to communicate and make payments. Can you imagine? The machines could interact with themselves. It’s pretty mind-blowing, huh? On the other hand, it also reminds us of Terminator and similar movies where machines take over the world. But before we get too scared about it, let me share you just a couple of applications how it could be used in an everyday life. You’ll probably come up with other ideas as well.
Will IOTA help things (like cars, for example) communicate with each other? Let me know in the comments!
Imagine that you have a car that can accept and make payments automatically. You come to a road toll and you don’t need to take your wallet anymore because the car communicates automatically the toll fee. The same works wherever you go with your car like when you are paying for the gas, for example. Imagine that you have a car rental. You wouldn’t need to go through the complicated process of managing all payments from your clients because the car could take the payments itself.
This doesn’t only apply to cards. Automated payment system could be applied to these devices as well:
There was one man who sent $12 million to another person by using IOTA. Guess how big fees did he pay?
Yes, you probably guessed right. He didn’t pay any fees because IOTA enables completely free transactions. As I explained above, IOTA doesn’t use a blockchain but a tangle technology.
Imagine how big fees you would need to pay on PayPal or for your bank if you would transfer $12 million in an “old-school” way. For example, I tried to send money to my friend through PayPal but I backed because the fees were so high. For around $200 transfer I would have a need to pay $10. For $500 it would have been almost $25. With IOTA it would be free.
It’s always interesting to compare new cryptocurrencies to Bitcoin which is the first and also the biggest one at the moment. The greatest core difference between IOTA and Bitcoin are is between blockchain and tangle technologies like I showed above.
That has many significant effects in practice. IOTA’s goal is to enable scalability and faster transactions than other coins. The benefit of Tangle is that it doesn’t go slower even though there would be more users. Actually, it can work in an opposite way. More users make it better and faster.
Let me show you as an example how many transactions per second each payment methods can handle at the moment. (NOTE: These numbers are estimations and they may vary day by day.)
As you have probably noticed or heard, Bitcoin transactions have been pretty slow when more and more people have come to the system. IOTA is already handling quite a huge number of transactions every second. In this sense, it looks pretty promising for IOTA compared to Bitcoin.
There is a fixed number of IOTAs and it doesn’t change. The amount of Bitcoins is still growing until all of them are mine. The circulating supply is 2,779,530,283 MIOTA. Notice that they always use MIOTA which means 1 million IOTAs. So, there are 2,779,530,283,000,000 IOTAs in the world at the moment. Also, the value of IOTA is usually mentioned in MIOTA which means a million IOTA.
Will things interact with each other in the future?
Some people (including a cryptocurrency expert David Hay) say that IOTA has a potential to replace our payment systems in the same way like email replaced the post system years ago. That would be pretty mind-blowing. I believe that cryptocurrencies have a good potential to replace our current financial or banking system in one way to another but the time will show how.
And imagine about the smart cities that the guy mentioned in the video above. Tons of things could work “on autopilot” and save human energy. Then we could use our time for other and more meaningful activities. It would be again a step forward with the technology.
Of course, it’s also good to consider the threats if “robots” become “too smart” but at the same time we shouldn’t be afraid of positive improvements.
I am usually a long-term investor rather than a short-term trader. Within a short term, anything can happen with the price of IOTA so I am not going to speculate here how will it turn out to be (except a little bit in the next chapter). I see investing in IOTA as an investment to a long-term project that has lots of potentials but also risks at the same time.
There are a few marketplaces where you can buy IOTA at the moment. I have used Binance because in my opinion it’s the easiest and the safest place where you can buy this. Also, my friends have been using Binance and they have solely positive experiences of that cryptocurrency exchange.
While I was writing this article the market cap of IOTA went from less than $4 billion to over $5,5 billion. Let’s say that I would have bought IOTA for $10,000 when I started writing it the article and sold my coins right away when I finished this, I would now be $4,000 richer. Can you imagine? 😉
The value of IOTA from June 13th, 2017 until December 3rd, 2017.
IOTA is among the top-10 of cryptocurrencies and we are talking about a huge thing here. There are two things to consider when you make an investment:
When IOTA has grown more than 40% in a few days it could be safe to say that it will take a little move down in the near future. Then probably would be a better time to invest in IOTA. I see lots of potential on IOTA for the long term but I have to say the same what we see with many other altcoins. There aren’t many applications at the moment because the technology is still in its infancy.
Still, some companies have started accepting IOTA as a payment method and the future looks extremely interesting. All thoughts that I mentioned in this articles are my opinions and shouldn’t be taken as an official investment advice. I can say that, in my opinion, buying IOTA could be a good investment in the long term. (Disclaimer: That’s not an official investment advice.)
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What do you think about Iota?
Is it worth buying or not?
How Much will the value be in the future?
New cryptocurrencies pop up all the time. Most of them stay small and unknown. Only a small part of people will know about them until they fade away.
But that didn’t happen to Cardano (ADA). It was launched at the end of September in 2017. Within a few weeks, it was already in top-10 of the biggest cryptocurrencies in the Universe. How did this happen? Is Cardano a good investment or just another cryptocurrency scam? Who is/are behind this coin and does it have any future?
If you are looking for answers to any of these questions, you have come to the right place. Let’s take a closer look at Cardano!
I wanted to provide you also a video where I share my knowledge about Cardano. I know that many of you prefer watching a video rather than just reading a text so I want to give you this opportunity as well. After watching the video I recommend that you dive into the article below because I share some details that I didn’t mention in the video. Enjoy!
Name: Cardano (ADA)
Launched: 2017
Type: Cryptocurrencies
Short Review: Cardano is a highly promising cryptocurrency. Their team is highly qualified people in the cryptocurrency world and they have skills to move this project forward. However, the project is still pretty new and it’s impossible to say with 100% clarity how will it turn out to be in the future. In my opinion, investing in Cardano feels now like investing in a startup company.
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Cardano Homepage is simplistic and doesn’t have too much “hype”.
Cardano is a decentralized platform that allows (or will allow) complex programmable transfers of value (for example, money) in a secure and scalable fashion. They use a highly secure Haskell programming language. It was launched in the Autumn of 2017 and many people started investing in Cardano right away. The market cap was $500,000 in a few days almost right away after the launch. They knew who was behind this project and they trusted his skills.
The value stayed the same for around two months. Then it suddenly went in a few days from $0,03 (3 cents) to $0,14 (14 cents). The market cap went from under $800,000 to almost $4 million in 3 days. That was insane. A bigger audience started to talk about Cardano and some said this is going to be something huge.
Cardano was launched at the end of September 2017 and after a few weeks, the value was already measured in billions. You can also see a huge jump in the price of Cardano in 3 days (26th-29th November 2017.)
The man behind Cardano is Charles Hoskinson. He looks like a typical nerd with a gentle smile and eyeglasses but people in the cryptocurrency world say he is a genius. He was also one of the main developers of Ethereum and when you have listened to this guy for a while, you realize that he knows what is talking about. He’s definitely one of the top leaders in the cryptocurrency world at the moment.
In addition, he is not alone behind Cardano. He says that there is a team of highly skilled individuals from different countries. If you check out their website or white paper, you see that Cardano is far from a scam and they are really trying to make something significant.
They say that Cardano and Hoskinson’s company IOHK are research-driven. They don’t want to focus too much on hype and marketing. Hoskinson has analyzed the short history of cryptocurrencies and his goal is to solve problems that other coins before this weren’t able to solve. These are, for example, scalability and real decentralization (some say that with certain coins creators have too much power).
Scalability is extremely important when always more and more people are getting involved to cryptocurrencies. You have probably seen some challenges of Bitcoin. Sometimes one transaction has taken up to one hour even though it was designed to be a quick way to transfer money. Of course, one hour is still much faster than 2-3 bank days but it could be faster.
Cardano’s goal is to create a technological platform, not only for individuals but also for organizations and businesses. Everything they do is quite open and transparent. That’s a huge benefit compared to suspicious cryptocurrencies like BitConnect. Well, most people don’t even bother to call BitConnect (or other similar ones) cryptocurrencies but Ponzi schemes.
I don’t share official investment advice but I am always able to give my own personal opinion based on my research and knowledge. I still have quite a large knowledge of cryptocurrencies compared to an average Joe who just called about Bitcoin from the news. 😉
I see Cardano as a startup company that has just started their journey. Of course, there are highly experienced persons working on it but the system itself is pretty new and being developed all the time. In my opinion, Cardano has a much brighter future than most other coins. It didn’t jump to the top-10 of cryptocurrencies in a few weeks without a good reason.
Still, I would say that Cardano is still pretty new and we can’t be 100% sure of what will happen in the future. I recommend that you take a closer look at their website and make your analysis yourself. I need to warn that lots of their words are pretty technical and may be a bit challenging to understand for an average Joe.
We can’t still say that Hoskinson wouldn’t be a great salesperson/marketer. He (and his team) was able to make Cardano’s market cap over $500,000 in a few days after the launch. In order to do that, you need to be able to convince quite a few persons.
Cardano isn’t yet listed on some huge crypto exchanges like Coinbase, Bitfinex or Kraken. However, it’s already listed on a few major exchanges like Binance, for example. I have bought Cardano on Binance and I think it’s probably the best choice for you as well.
I believe that the price of Cardano will jump to the moon if it will be listed on Bitfinex or Kraken. If Cardano, will be listed on Coinbase, the price will probably grow even higher.
Bitcoin and Cardano have several similarities (e.g. decentralization) but also many differences. If you want to understand them more, I recommend taking a look at Charles Hoskinson’s “lecture” on Cardano.
His style of explaining things is down-to-earth and understandable even though he uses some technical vocabulary.
One thing that we always need to remember is that even though Bitcoin is the first and the largest coin, it may not be the biggest for forever. Do you remember what happened with mobile phones? Nokia dominated the market and then… BOOM!! Apple and Samsung took the lead while Nokia suffered from problems.
What about Yahoo and Google? Yahoo was dominating and people didn’t believe a small Google would make it.
I am not saying that Bitcoin is going to crash and Cardano will take over. You still need to consider a different kind of scenarios that can happen and make your investment decisions based on all factors. We can learn many things from the history.
Cardano is still at the beginning of its journey but their developers (Hoskinson, Brünjes and the whole team) have a huge knowledge, background, and know-how about the industry. Even though we are talking about the decentralization and other similar stuff, the team behind the cryptocurrency still has the biggest impact on how the coin will develop.
My personal opinion is that Cardano’s future looks bright and it can solve some problems better than its competitors. It seems that every year new potential cryptocurrencies arrive that try to make things better than previous ones. The time will show which ones are going to thrive and which ones will fade away.
That being said, I believe in the potential of Cardano and I have bought it on Binance crypto exchange.
There’s risk involved in any kind of investing and you always need to make your own research before putting lots of money in. This article gave you hopefully a good overview of Cardano and now you understand what it’s all about. If you have any questions, comments, different opinions or anything else, I love to hear them in the comments and I’ll reply to you personally.
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What do you think about Cardano?
Is it worth buying or not?
How Much will the value be in the future?
(Disclaimer: This article is not an official investment advice. I only tell my personal opinions that are based on my research of this and other cryptocurrencies.)
The value of BitConnect has been over $2 billion. Thousands of people are promoting it online. Everybody is talking about it.
There’s a huge buzz around BitConnect at the moment. Nobody knows how long will it last and many people are asking, “Is BitConnect a Ponzi Scheme?”
In this article, you will get a brutally honest answer to your question. I am you will find this helpful and valuable. You shouldn’t invest a single BitConnect until you have gone through this texts.
Is BitConnect Legit? – Video Review
I know that some of you prefer watching a video rather than reading a text. I created a BitConnect video review so you can take a look at it below. I’m sure you’ll find it helpful and valuable.
Name: BitConnect
Launched: 2017
Type: Systems That Look Like Ponzi Schemes
Short Review: My advice is to stay far away from BitConnect and tell all your friends to stay away as well. There are tons of red flags that why the system seems extremely suspicious.
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Bitconnect Homepage
BitConnect company tells that it is “an open source all-in-one bitcoin and cryptocurrency community platform that provides multiple investment opportunities and education.” That sounds pretty good at first.
But as you probably know, tons of experts and online entrepreneurs are saying it’s a Ponzi scheme and a scam. Let me show you 7 red flags of BitConnect.
The old wisdom says, “If it’s too good to be true it probably is.” That’s accurate in most cases. I don’t it’s always true because I have found some opportunities in my life that were much better than what I expected. Still, in 95% of cases that wisdom is accurate.
Especially, if somebody promises you lots of money/high returns without risks or without working hard. In 99,99% of cases, it’s just a lie.
Take a look at what they promise on BitConnect. I’ll explain then what it means.
In BitConnect you are supposed to lend money to the company because their trading program will make more money and pay you big dividends. They say that you’ll get returns up to 40% per month (+ daily bonuses). They have also claimed that the bot can make even 1% profit per day on average.
1% doesn’t sound a lot but it makes 365% profit per year so you’ll start to realize how huge thing they are promising to you. That sounds like an outright lie. I’ll explain later why it’s pretty obvious why that it can’t be true.
BitConnect has also a referral system up to 4 tiers. It means that members of BitConnect earn money by inviting more people to the system. They also earn money from the people that their referrals’ referrals invest.
Let’s say that you invite Jack and he invests money to BitConnect. You earn a little commission. Then Jack invites Jay and he also invests money. You earn a little commission again. Jay invites his friend James and he also puts some money to BitConnect. You still earn some commissions.
This model is probably familiar to you from multi-level marketing programs. There’s nothing illegal about it but as we know, it creates a pyramid and people who are on the top earn the most money.
This also gives a big incentive for current members to invite new people to the system. They make money for that. I could, for example, join BitConnect and start promoting it on this site. I get tens of thousands of eyeballs every moment to my site and all of them are interested in making money online. You can quickly imagine how much money I would make by promoting BitConnect. 😉
But I don’t promoting anything that’s shady even it would make me tons of money. Integrity and honesty are always more important than money.
People who recommend BitConnect for you, are looking for profits. They try to take advantage of you!
So, their bot makes up to 40% profit per month, right? Now I would be interested in hearing how it works. Because if you could create such a bot, you would quickly become the richest person on planet Earth.
One famous person actually promised publicly to give $100,000 right away to a person who explains to him how BitConnect bot works. That would be just a small amount of money for that kind of bot. This person clearly knows that it’s impossible to create a bot that would consistently make 1% profit per day in the long run.
It’s interesting that Bitconnect uses so much time on marketing, advertising, explaining the referral system and to all other stuff but they don’t bother explaining how their bot works. Of course, they wouldn’t need to tell details but at least some principles would be necessary.
Okay, let’s imagine that they have such a bot and it would be legitimate. The next chapter explains why that idea is impossible.
They wouldn’t give it to you.
Imagine that you created a bot that makes 1% profit per day. Would you try to make it public, collect money from small investors who can invest $100 per person and so on?
If you really have a bot that makes 1% profit per day, you would go to a bank, to a rich investor and ask for a big loan. They would give you a loan for 100% sure if you really have a bot that makes so good profits. I would invest all my money to such a bot because I would know that I would get big returns fast.
Let’s say that creator would find a couple of rich people and they would invest $1 billion in total to this bot. They would make their money back in a short while so the investment would be great for them and for the creators as well.
But as we see, the creators of a bot (if it even exists) didn’t do like that. Now they go to find people from all over the world. Then need to find 10,000,000 people who invest $100 to get the same $1 billion. That doesn’t make sense if they really would have a bot that makes good profits.
There are (roughly) three kinds of “experts” and online entrepreneurs on the Internet:
When we are talking about BitConnect there are lots of people who promote it on their YouTube channels, Facebook accounts, Snapchat and so on. However, those are the people who are usually known for other pyramid schemes and suspicious systems.
I heard about BitConnect for the first time from a lady who has been (and is still) promoting several suspicious “make money online” systems. I know that some companies that she is promoting are pyramid schemes.
When you listen to opinions from honest online entrepreneurs and cryptocurrency experts ALL of them say it’s a scam or something similar. What kind of message does this give to you?
This person’s Ponzi scheme was worth over $65 billion.
Do you know who is the person in the picture above? He is Bernie Madoff. The creator of the probably the biggest Ponzi schemes ever. It was worth over $65 billion and collapsed in 2008.
Bitconnect is already worth $1 billion but it doesn’t mean that it would be legit. There are several reasons why people still would invest money on Bitconnect even though it was a Ponzi scheme. Here are the most typical reasons:
BitConnect was launched in January 2017 just before a huge cryptocurrency boom that took place in the Spring.
As we know, Ponzi schemes will always collapse sooner or later when new individuals stop coming in. When the owners can’t pay high returns for the old members, the system just crashes. Then everybody realizes, at last, it was a Ponzi scheme. However, sometimes it can take time if more and more people keep on coming in.
If BitConnect would be an old company with decades of experience, we could probably say that it’s not a Ponzi scheme. I don’t know any Ponzi that would have lasted for decades. But BitConnect is still a very recent thing. That fact doesn’t build trust in my eyes.
You probably remember Madoff’s fraud. It lasted for quite a long time until it finally went down. The same can happen to BitConnect. It can be there for a while but if it’s a Ponzi scheme, eventually the system will just collapse.
Ponzi schemes go usually rapidly up in value until they finally collapse.
Where is the white paper, the information about the board of directors or all other important details? More reliable cryptocurrencies like Ripple, Ethereum and Dash show clearly teams on their websites. They show who is behind the team and developing the currency.
However, when it comes to BitConnect, things are completely different. They are hiding information from you and me.
BitConnect is obviously hiding some information.
Have you heard of a duck test? It helps you to define whether an animal is a duck or not. You can use it like this, “If it looks like a duck, swims like a duck, and quacks like a duck, then it probably is a duck.”
Let’s apply this duck test to BitConnect: “If it looks like a Ponzi scheme, works like a Ponzi scheme, and quacks like a Ponzi scheme, then it probably is a Ponzi scheme.”
Personally, I highly recommend staying away from this system. Even if you could make some money from (Ponzi scheme) Bitconnect, you would make something bad to your reputation as a person and to your conscience.
Clean conscience, integrity, and honesty are far more important than money. That’s why I want to underline: Stay away from BitConnect!
There are tons of honest ways to make good money online so it doesn’t make sense to waste time with systems that look like Ponzi schemes. You can take a look at my #1 recommendation for making money online.
You can also grab $10 worth of free Bitcoins here or take a look at other scam-free online jobs.
What do you think about the future of BitConnect? Is it a Ponzi scheme and when will it collapse?
Are you interested in making money online, in general?
Again hundreds of people are asking on Google, “Is Neways a scam?” That’s pretty typical when we are talking about multi-level marketing companies. If you are looking for an answer to that question, you have come to the right place.
The company has received countless scam reports over the years, although they are still in full operation as a business. Neways has been around a long time, and it’s hard to take down their growing reputation. But I have written this review to help you see Neways for yourself.
NOTE: This article is written by my writer and he shows facts based on his research. You can make your own decisions based on facts.
Neways has a simplistic homepage.
Name: Neways International (Nowadays Modere)
Founded: 1992 by Thomas and Leslie D. Mower
Cost: $25 minimum to start
Type: Multi-level marketing
Short Review: Neways has been around for a long time and nowadays they have a long list of products in their catalog. However, we are seeing the same story with hundreds of other similar MLM-companies: Expensive products, low success rate, exaggerated promises and lots of controversy.
If you are looking for a proven way to make money, I recommend taking a look at my #1 work from home recommendation.
Neways International specializes in health and personal care products, with a wide range of cleaning and sanitation products available as well. Founded in 1992, the company just celebrated its 25th anniversary. They are headquartered in Utah (big surprise) and has a history of huge financial problems.
Probably the most shocking news to come out of this company is the fact that the first and previous owners, Thomas and Leslie D. Mower, were sent to prison for tax evasion. That’s right: Tax evasion! What kind of message does that send?
Not only that, but the owners were banned from using their own Neways products. They were also charged with the illegal production and distribution of Human Growth Hormone, which is an illegal drug.
The ingredients used in their hygiene and chemical cleaning products are super questionable. There are over 3,000 ingredients that scientists wouldn’t recommend for health or for safety. Keep reading my review to see what else I’ve dug up on this company!
But before me move on I would like to mention that the industry where Neways is working is extremely popular among MLM-companies. There’s a tough competition but also lots of money is being made. You probably know about companies like Amway, BeautyCounter, Avon and many others.
You know when you go to a restaurant and the menu is 40 pages long? It makes you wonder about the quality of the food. If they offer EVERY kind of food, are they really putting that much time and expertise into each individual dish?
The same can be said about Neways. Their list of products is so large and so vast that you can’t really trust them to be leaders in any single field. Cosmetics, dental products, weight loss pills, nutritional supplements, car accessories, laundry detergents, and kitchen cleaning agents are just some of the many niche products that Neways has to offer. How can distributors even make sense of it?
On the other hand, the variety of products can be seen as an advantage. You can sell products to many different kind of customers.
The products vary in price. Distributors get a discount, but it still costs over $40 just to sign on to the team. It can cost a few hundred dollars just to get enough inventory to start selling stock to local customers. That is, if the customer base is even there.
The competition is almost too much for Neways to keep up with. Hundreds of distributors have complained that there just aren’t any willing customers anymore. A solution to that challenge is to follow this step-by-step training and leverage the power of the Internet to reach thousands of people every day.
You sign up with a membership fee and are expected to buy a lot of product in order to satisfy the customers. It costs just $19.99 to start, plus a $23 annual fee that renews each year.
It can get overwhelming due to the amount of product, that it’s hard for distributors to know where to begin. Typically, they will choose a specific niche and buy a wide range of stock from that category. For example, a distributor can specialize in just the health and beauty products that Neways has to offer.
They operate under the mantra of “Just get three who get three, and start making money”. You basically need to recruit three people who can recruit three more people, and as long as they buy $150 per month or more, you earn a small percentage of the earnings. That’s a classical story what all network marketing companies tell.
You have to recruit at least one person a month to stay on as a distributor. Plus, the more people you recruit, the more money you make. The only way to make very BIG money is to keep recruiting as many people as possible.
The above video shows a bunch of Neways testimonials. Then, the compensation plan is explained. This is one of the most straightforward (yet ridiculous) compensation plans out there. Watch for yourself!
If you want to become a distributor, you pay a simple signup fee. Then, you buy the product you want. As long as you can recruit one person per month, you will make a little bit of money. Each time you and your recruited members add another person to the team, your commission goes up.
After buying over $2500 of products, your commission is barely over $200 a month. In the other words, you need to concentrate on recruiting rather than selling products if you really want to earn good money within the system. That’s just how most MLM-companies work.
Like I mentioned earlier, there have been more than 13 registered complaints to the Better Business Bureau about this company. Nowadays the company goes under the name Modere and it has a B+ rating on BBB.
Some testimonials ring true. A couple of people who got in on the company early have been able to profit and are still raking in commissions from the work they did years ago. However, it’s not like that for most people. Common fact is that around 95-99% of all MLM-distributors fail. Therefore, you need to be persistent and exceptional to succeed with this kind of business.
Modere on BBB. (Nowadays Neways operates as Modere.)
Neways business opportunity may be worth it if the following things apply to you:
If you find yourself from these sentences, this could be an interesting business opportunity for you. Do notice that there are still several other similar opportunities in the same industry. You probably want to think for a while which company fits the best for you.
If you are already using Neways (Modere) products, then that’s a natural choice. Personally, I am not a big fan of network marketing and I don’t like when products are highly overpriced compared to similar products in the supermarket.
I make my living on the Internet by promoting whatever products I want. You can use the same principles for succeeding with network marketing but you don’t need to be part of any MLM-company to make money with these steps. I have a step-by-step training that teaches you everything you need to know.
What kind of experiences do you have with Neways or similar companies?
Do you prefer making money online or offline?
Are you interested in hearing what Life Shotz Reviews say about this business opportunity and products? Congratulations, you have come to the right place!
In this article, I am going to take a closer look at the Life Shotz business opportunity and share my opinion with you. I am not affiliated with Life Matters so you don’t need to be afraid that I would be pushing the system for you like their distributors. I lay down the facts for you so you can make an informed decision.
Life Shotz (a.k.a. LIfe Matters) homepage inspires with a picture from the tropic.
Name: Life Matters (Formerly Life Shotz)
Founded: 2010 by Richard Bliss Brooke
Cost: For example, 10 packets at $25, 30 capsule packets at $75
Type: Multi-Vitamin Supplement. Multi-Level Marketing (MLM)
Short Review: Life Shotz is another MLM-company in the nutrition industry. The same principles apply like in hundreds of other similar companies. Work hard, don’t quit, be persistent and you can succeed. Products are a bit overpriced as usual so they can pay commissions to their distributors.
If you are interested in a proven way to earn money, I recommend taking a look at my #1 recommendation for making money online.Yes, it requires work like Life Shotz but the process can be much faster.
It’s a product of Life matters which is a health and wellness MLM Company in this MLM dominated era. Life Shotz was initially the only product from the company. However, in 2015, the company changed its name to Life Matters making it flexible and allowing it to venture into more products. These products and their alleged benefits are discussed in the next section.
The company was founded in 2010 under the name Life Shotz. The founder Richard Bliss Brooke is an expert in the MLM field considering he has served as a board director of the Direct Selling Association (DSA) and has been in the MLM industry since 1977. This is a valid explanation for the rapid growth of the company since it is under able management. It, therefore, would be just to conclude that the company owes its success to Richard Bliss.
The products of the company promise to offer essential vitamins – just like other wellness companies in the broad MLM industry- but is this the case? The company’s products boast of benefits like:
You have probably heard of almost exactly similar network marketing companies in the same industry (nutrition supplements). Herbalife, Max International, Xyngular, Isagenix, It Works! and hundreds of others are operating with the same business models in the same industry with Life Matters.
The new products introduced were LS vibe, LS mind, and LS motion. LS vibe that shouldn’t be confused with a protein shake (according to the company) is a meal replacement shake that uses pea protein. Sounds pretty much like protein shake to me, but oh well! It comes in chocolate and vanilla flavors. It’s essential for people who are looking to lose weight in a healthy way by having a continuous protein intake.
Life Shotz, Vibe and Mind products
Life Shotz mind is another product from the company. Its allegedly a brain supplement meant to give you mental clarity and would serve as a replacement for other stimulants. Life Shotz Motion is a supplement with exclusive ingredients meant for joints in that it may promote the actual re-growth of cartilage and soft tissue in joints.
The multivitamin drink contains the following ingredients: A vitamin blend of several Vitamin Bs, Folate, vitamin Cs and vitamin D. It has a super fruit blend containing: Resveratrol (Strong oxidant), Acai (for the immune system) and other berries. Other specialty ingredients are fibers (for intestinal regularity), NAC (antioxidant) and Quercetin (For immune system and bone health). Lastly, it has magnesium for maintaining normal muscle function and zinc citrate for bone development.
The company faces competition from other health and wellness companies dominating the MLM industry which grows on a daily basis. However, if the products fulfill the promised results then it will strive well in the market. One way is to try the products yourself and analyze the quality based on your experiences.
They say that Life Shotz -drink includes vitamin B as much as 625 mangos.
On the other hand, you have probably seen that their products are extremely expensive. They say that it includes so many vitamins and useful nutrients that it’s worth the price. That’s actually pretty typical marketing speech for this kind of MLM-companies. Recently one lady tried to get me to almost exactly similar MLM-system. I decided to refuse the offer because I already know a wonderful way to make money online. Click the link below to learn more.
The starter kit comes at an outstanding price of $399. When a customer purchases the starter kit on enrollment, the enrollment fee of $49 is waived. The Starter Kit includes a month’s supply of Auto Ship product, and it will make you Active the month it is purchased. It includes one each of mind, motion, LS No Sugar Capsules, VIBE Chiseled Chocolate and VIBE Viva Vanilla. Also, it includes two boxes of Life Shotz No Sugar. Moreover. The kit includes (4) 2 Day Intro Packs and (4)The Four Year Career® books. Life Shotz suppliers work under the title of brand reps. A brand rep can only purchase the starter kit once.
Additionally, there’s a VIP kit. The VIP is an additional business building pack for Brand Reps who have already purchased the $399 Starter Kit. Since a brand rep can only purchase the starter kit once, the following purchases made have to be VIP kits. The VIP includes (16) 2 Day Intro Packs, (16) copies ofThe Four Year Career®book, (1) FREE Event Ticket, (24) Months FREE of Automated Inviting System and Advanced Team Office. It also includes a monthly call with Chief Visionary Officer Richard Bliss Brooke.
To qualify for the $100 starter kit bonus, one has to be Active that same month with a minimum $100 Auto Ship or have $185 in Individual Sales. The VIP Bonus, on the other hand, is $200 on each VIP sold to Brand Reps you personally sponsor.
I must admit that Life Shotz marketing is convincing.
Life Shotz distributor explains the compensation plan in the video below and invites you to the team. I added it here so it can help you to understand their compensation plan even though I don’t promote the company.
Life Matters begins with a one-of-a-kind promotion scheme based on stars where you can generate surplus bonuses almost right away.
Both four and five Star come with organizational demands added to having your own personally sponsored distributors under you, but all of these are quite simple to get to and can have someone getting complimentary products plus a great check in their first month!
However, do notice that it requires tons of work to reach higher levels. Usually, top distributors have years or even tens of years of experience in the industry. If you want to make the process shorter, I recommend that you follow this step-by-step training.
Let me just share you a few ideas what we caught from Life Shotz customer reviews.
A Texan, a customer on Amazon compliments the drink by supporting that taking the drink brings energy and a sense of well-being. Other customers also seem to be in support of the product especially those that have tried other products before claiming that this one has an added advantage and comes at a relatively affordable price.
The product also NSF and BSCG certified. NSF is a not-for-profit, non-governmental organization that performs independent product testing and is a world leader in developing safety standards, certifying products and managing public safety. BSCG, on the other hand, is the Banned Substances Control Group that independently tests products to make sure they’re “clean” in that they are legal and can be used by athletes.
However, on the downside, the product also faces complaints. One customer claims the price is high considering they can buy multivitamins at less than $10 and this product would not be affordable for them. The compensation plan can also be improved supplied to generate a better income. It also takes a little longer than average for the customers to climb ranks for better commissioning.
The cold fact that making money with this kind of network marketing system requires tons of recruiting. If you are not comfortable with recruiting but want to make good money with Life Shotz, you need to practice it. If you don’t want to practice it, you won’t most likely with Life Shotz. That’s the rough reality.
But if you already enjoy recruiting more people, then network marketing can be a great way to build a business for you.
I wanted to mention this aspect for you because it comes as a surprise to some people when they join an MLM-company. Probably you have heard the story that they always tell, “You recruit 2 people. Then they recruit 2. And they recruit 2, etc.”
Usually, a more realistic version goes something like this, “You recruit 100 people. 80 of them drop quickly. 10 continues for a while until they drop also. 8 continue and make some money but realize it wasn’t worth it. 2 continue on your downline and become successful.”
In order to make a significant money with Life Shotz, you need to recruit lots of people to the system.
Meh.
I know people who are willing to pay some extra and it doesn’t matter if the products are a bit overpriced. Usually, I’m not such a person. I like when a company provides the best price/quality ratio. That’s why I prefer, for example, supermarket Lidl (you know if you are from Europe 😉 ). But how does this relate to Life Shotz/Life Matters?
The thing is that MLM-companies like Life Matters charges more from their products so they could pay bigger commissions. Of course, it the higher price means more value, that would be fine. But in many cases, the quality of MLM-products isn’t even higher.
But as I always say, that’s just my personal opinion and I give you a freedom to decide yourself. Maybe you value a different kind of things. For example, your friend is selling Life Matters’ products and you want to support him in his business even though the products would be overpriced. That’s completely fine.
If you want to make money with Life Matters or with any other MLM-company, I highly recommend that you use the power of the Internet. You can reach thousands of people every day “on autopilot” once you have done the work and everything is set up.
There are many step-by-step trainings that teach how you can do it but my #1 recommendation is Wealthy Affiliate for several reasons. Click the link below to learn more. But before you have a look, I want to mention that before everything works automatically, you need to do some work. Then you’ll get the rewards. It means that I may earn even $500 in a single day even though I would be having a day off. The same is possible for you as well.
What kind of experiences do you have with Life Matters or similar companies?
Do you prefer making money online or offline?
Do you like your coffee with cream or sugar? How about chocolate? All of these items are popular additions to the rich caffeine drink. But what would happen if you added mushrooms?
That’s right, mushrooms.
Gano Excel specializes in a unique coffee product that claims to add medicinal mushrooms to the diluted coffee mix. This MLM company recruits distributors who recruit others to try and sell as much of this coffee as possible.
However, there has been some controversy around the company especially on the Internet. Multiple user reviews along with a shady compensation system really points fingers at the lack of legitimacy of this company. Is Gano Excel a scam? Read on to find out!
Gano Excel Homepage shows their leaders. Handsome businessmen! It seems they have Asian origins.
NOTE: This article shares only our personal opinion of this business opportunity. We share the information and you should make your own decision based on facts you know.
Name: Gano Excel U.S.A.
Founded: 1995 by Leow Soon Seng
Cost: Single coffee or tea products cost up to $60, and startup costs are between $200 and $1000
Type: Multi-Level Marketing (MLM)
Short Review: Gano Excel certainly is not a scam like some people claim. They have been around already for more than two decades which is a clear sign that they have done something well. Still, I don’t personally want to join this program for several reasons that I mention in the full article.
If you are looking for better business opportunities, take a look at my #1 recommendation for making money online.
Gano Excel was founded over 20 years ago by Leow Soon Seng, who believed in adding medicinal properties to coffee. The addition of the ganoderma mushroom is perceived to give the coffee healing properties. At first glance, the mushrooms seem to have great health benefits but it has also been a controversial subject.
Some individuals who have consumed this mushroom contracted symptoms of bird flu, asthma, lung problems, high blood pressures, heart problems, and bad viral infections. Just to make myself clear: This is a bad ingredient.
Gano Excel operates by sponsoring distributors to sponsor other distributors. So it uses network marketing. Basically, you and your sponsor treat each other like a mutually beneficial relationship. This has, of course, its own benefits because then your upline has an incentive to support you.
Of course, multi-level marketing is also a bit controversial business model as you probably know. I hear some people saying, “You are doing all of the hard work for Gano Excel – you are their living, breathing marketing tool. After all of your heavy lifting, Gano Excel takes a majority of the profits. This may seem unfair, but it is unfortunately all-too commonplace among MLM businesses.”
Well, that’s just one point of view to look at things. Still, there are people who succeed with MLMs. You may have heard of success stories from Amway, Herbalife and others. Probably you have also heard the other side of the coin as well.
As I mentioned earlier, Gano Excel specializes in a coffee product that uses the ganoderma mushroom. It is mixed in a diluted caffeine mixture to make an interesting coffee with mixed health results. I found it interesting that some people are reporting it’s the best coffee in the world while others are getting huge side-effects.
Gano Excel products
The available products come in a range of different coffees. There is a “Classic” coffee package, a “Hazlenut” coffee, and many other flavors. There are also other ganoderma products like toothpaste and green tea. You can buy the products in boxes or bottles of supplements, and you almost always have to buy in bulk.
While the competition isn’t too heavy, the prices can be overwhelming. One box of green tea costs $60. There are varying prices for distributors based on how many benefits they’ve earned with Gano Excel. You can buy their products also on Amazon. Some people complain about the price but many people are also satisfied with what they’ve got.
By the way, have you already learned the process how you can make big income online by literally promoting any products you want? There’s a simple 4-step process that I am using it myself with good results. Check it out by clicking the link below:
There are a couple of starter packages that distributors can buy into. At the moment there are 5 packages available.
The Business Builder package gives you the most stuff, but is certainly a bit pricey for many individuals who would just want to “try” this business opportunity. This package charges $999 for one startup bundle. There are smaller versions of the bundle for $495, $195, $100 and $50 respectively. The kit comes with an assortment of products, including flavored coffee, snack bars, tea, and supplements.
Gano Excel Starter Kits
Interested customers can be conned into buying a small “Sample Pack” as well, which is priced well into the double digits. This gives potential distributors a taste of what products are offered, and many do not choose to pursue the entire bundle.
Notice that as a distributor you will be buying their products monthly which naturally increases your overall costs.
The video below explains their compensation plan explained by Gano Excel members. I don’t endorse the video or its message because I am not affiliated with Gano Excel but I added here just for your information.
Even one of the top Gano Excel experts admits that it is one of the most difficult compensation plans to understand. With so many hoops and barrels, why even try to make sense of it? It shouldn’t be this difficult to get into an MLM industry.
When broken down into the basics, some people say that getting started with Gano Excel is tricky. You are required to buy lots of products at wholesale products in order to make any kind of profit. You can also try to enroll interested individuals and add them to a team, which falls under a binary compensation plan.
However, starting any business or a new job takes some time to learn. That’s just normal. I think that some of the critics that people say (and what I mentioned above) is just for the sake that those individuals don’t like MLM-companies.
This is how the MLM-businesses works. Take it or leave it. 😉
That being said, I am personally not a huge fan of MLM-companies for the reasons that I have explained in my other articles: Overpriced products, exaggerated promises, low success rate, etc. Anyway, a good thing is that MLM-business gives you an opportunity to earn passive income.
My team members I found interesting things on the Internet about Gano Excel. Listen.
They has been sued by numerous international forces for tax evasion, fraudulent misappropriation of funds, and several criminal conspiracies against the public. These are pretty serious offenses that have completely tarnished the company’s reputation as a legitimate business.
Gano Excel has been shut down several times in the U.S. and in Canada for legal reasons as well. The FDA has not approved all products listed in some of Gano Excel’s coffees, and the mushroom continues to be under study to determine its negative health effects.
I would love to hear what Gano Excel distributors say to all these controversial issues. If you are part of the company, please leave a comment below and I would like to have a conversation with you.
Some people don’t like the pyramid structure of MLM-companies.
Well, eventually you need to answer this question yourself but I can always share my own personal opinion!
I wouldn’t personally use money on so expensive products (unless I would be a millionaire and my goal is to become a millionaire before 30. 😉 ) You can get way more cheaper coffee products on the supermarket without this huge hype that is around Gano Excel or other similar MLM-companies.
You know… We once had a candleholder at our home which was bought from an MLM-company called Oriflame. Everybody talked how high quality it is and why it’s worth the price (whopping $60). Then I visited a local supermarket and saw that similar candleholders cost $10-15. I started scratching my head. Is that MLM-candleholder really 5 times more valuable than a similar product from the supermarket?
That’s also a challenge with Gano Excel. Their prices are expensive. My conscience doesn’t let me promote products that aren’t fully worth the price. Personally, I wouldn’t buy them so I don’t promote them for other people either. You can make the decision based on your own analysis.
If you would like to learn how you can make money online by promoting Gano Excel or any other products in the world, just click the link below and I’ll teach you how. I’ve used this proven 4-step method already for more than 2 years and it works much better than I’ve expected.
What kind of experiences do you have with xxx or similar companies?
Do you prefer making money online or offline?
I have just published an updated version of this Max International review to my YouTube channel.
In the video, I teach you also a 4-step formula how you can make money with Max International.
A great thing is that you can apply the same 4-step process to making money online by promoting any other product and company as well. That’s why I am 100% sure you’ll find the video helpful and valuable.
If you have any questions regarding Max International or making money online, don’t hesitate to ask me in the comments below and I’ll be more than happy to help you out.
What is it with people and pills and potions? People, who profess to know that what they’re selling is good for our bodies? Distributors of substances of which none have been passed through the global dietary organizations, who are not leaned, dieticians?
That’s right. The distributors are standard lay people like you and me who have been convinced that by selling products like Max International, they’re doing themselves, priority number 1, and the consumer a favor.
And here you are wanting to know if by joining Max International, you’re making a well informed financial investment. I am so glad you’re doing your due diligence to find out if this is worth the investment. Here, it will come to your attention that not everything that shines is gold.
We’ll start at the beginning and work our way down so that you’re fully aware of what is expected of you when you join, rather, if you join Max International.
Max International homepage paints a picture of a new dream life that you can achieve.
IMPORTANT NOTE BY ROOPE: This article was written by me and my writer. We share facts and our opinions about this program but you can make your own decisions after reading my article.
Name: Max International
Founded: 2006
Minimum Cost: $49
Type: Wellness Products
Short Review: Max International is the most typical MLM-program of all. It’s working in the nutrition industry, based in Utah, in the U.S., they paint a picture of achieving your dreams and changing your life. There are hundreds of similar MLM-opportunities out there. You can become successful with any of them if you have successful habits and especially if you leverage the power of the Internet.
Still, you need to keep in mind that most people fail with these systems because they don’t have the discipline to go all the way or they don’t know how to market these products online.
Founded by Steven K Scott together with two other members who have since moved on to enjoy the fruits of their own founded companies, Max International is based in Utah (surprise, surprise! The unofficial capital of MLM-companies). Offering pills and health products Max International claims their products increase glutathione which lives in every cell in your body. Comprising cysteine, glutamine, and glycine, these guys are known as anti-oxidants.
So Steven Scott met with research scientist and doctor, Robert Keller and backs up Keller’s credentials with huge words like immunologist for your immune system, hematologist (blood specialist) and oncologist, they’re the ones who study cancer, on his website.
Anyway, Scott and Keller met at the home of Chuck Norris. It was there that Dr. Keller produced studies of a new formula he claimed upped the ante in the Glutathione stakes. Now, given Keller appears to be legitimate, he really is a walking tri-medic with a Masters Degree in Biology with other after-your-last-name certifications. In the video below you can see Chuck Norris promoting Max International.
Aside from the legitimacy of the Doc, Max International was pummelled with several lawsuits because of unscrupulous dealings. They were forced to relinquish $1.2 M to Melaleuca from whom they rustled sales agents. Unproven is the debacle with Tripharma who claimed Max was in breach of one of their patents. Just a bunch of little inconveniences really.
Nutrition supplements are probably the most popular industry for network marketing. You must have heard of companies like Herbalife, Mannatech, Isagenix, It Works! or some others.
Before we dive into a little about the products, I’d like to bring their mission statement to your attention. “To empower people to build a legacy of significant change in their lives and the lives of others.”
Products vary both in variety and price and also depending on how much you want to keep in your personal cachet which makes sense if you can buy in bulk. But first, you have to join and it’ll cost you $49 to become an independent distributor. Then you’ll be up for $35 to maintain your annual renewal. Now to the products.
Max International Products
A catchy title – longevity pill which according to Max International is supported by extensive scientific research and comprises loads of “prime ingredients” for balanced cell utilization and “superior function for better health.”Prices start at $79 for a bottle of caps and for a bottle and a box you’re at $84.
Energy Enhancer. The company claims that this wonder product will do away with after effects they believe so many ‘foreign’ products often leave you with. Jam-packed with cordyceps, N-Acetyl Cysteine, N-Acetyl D Glucosamine and some milk thistle, it’s an energy drink and health combo pack. If you have $220 you can get the benefits of 1 Cellgevity, an ATP, an N-fuze and a Max 357.
The top shelf product to maximise the glutathione in your body which isn’t producing any because you’re probably eating too many Macca’s burgers.This one will set you back $75 for a bottle.
Of course, there has to be a weight management supplement which is blended with a whole bunch of goodies like Pantethine, Citrulline, Potassium, and some added vitamins as a weight control product. These are a meal replacement fiber imbued bars that claim to abolish hunger pangs. And with the ingredients like corn bran, dried fruit, rolled oats and seeds, they’re good to take with you on the go.
You’ll be up for $161 wholesale – You get 1 Switch and 4 boxes of chocolate coconut fiber bars.
There are three options available at the moment.
Personal Pack: $179
Professional Pack: $549
Premier Pack: $999
Plus you need to maintain a PV (Personal Volume) of 100 every month to remain qualified. In the other words, it’s not the cheapest MLM to get started with but not the most expensive either.
Max International does give you 90 days in a training program. This can be a huge advantage, especially to those who have no marketing knowledge which is the catalyst for all MLM failures. To earn your way through you can do it via several ways.
Retail Profits that as a distributor you can also up the ante on your sales between wholesale and retail prices by purchasing products yourself. There is also a Customer Bonus and there are commissions from those purchases on auto-ship (until they’re canceled by the customer, which happens occasionally).
Fast-Track bonuses are offered on a weekly basis but you need to introduce a new recruit who buys one of the start-up packs. So if your new recruit purchases a Personal Pack, you net between a $15-$60 bonus. For the Professional Pack, you’ll get a $75 bonus and for the Premier, you will net a $150 bonus.
Now, if you sell 3 Professional or better, 3 Premiere packs in a month to new recruits whom you have personally sponsored, your FastTrack bonus is doubled.Incentives
There are also incentives to go for and if you and your down-team perform well, you can finish up with 10% of the commission volume. And if you’re really on board and tenacious, you can join the elite on the Platinum and Diamond Leadership platform. If you introduce some fairly high numbers in the recruiting department, you’ll do extremely well with bonuses.
Affiliates can earn in the vicinity of $500 per month for a Platinum rank, $750 for a Diamond, Double Diamond gets you $1000 and the Triple Diamond or beyond will give you a passive income of $1500 per month.
If you want to get a more detailed overview of Max International compensation plan, you can take a look at their marketing video below:
In every MLM you’re going to get some bad eggs. Problems have arisen in the Max International playing field and there are some recruits who feel they’re being unfairly treated. It is a Multi-Level Marketing business model and according to popular discontent, the company’s leadership leaves a lot to be desired.
Comments have ranged from “They don’t care about associates only $… I recommend you run as far as you can from this. “Steve Scott is out of touch with what is going on… Promises made at convention re Chuck Norris commercials, etc. NOT happening… No real sales tools… No longer building business since new comp plan… I care about my few remaining associates and customers. If they quit I will pack it in as well.”
You have the deciding factor. The ball is now in your court.
If you would rather be interested in a proven step-by-step training for making money online, I recommend taking a look at Wealthy Affiliate. You can use the methods you learn for promoting Max International or any other products or system in the world. For example, I make money by promoting some language courses online with the methods that WA taught me.
Their training and community turned me from a complete newbie into a full-time online entrepreneur and it can certainly do the same for you as well. I just want to remind you that anything worthwhile in life requires work and effort. 😉 But I’ll be more than happy to help you to your success. Before we wrap up, I want to mention that Wealthy Affiliate isn’t (fortunately) an MLM-company.
What kind of experiences do you have with Max International or similar companies?
