iGlobAd Review – Legit Company or Just Another Scam? Find Out Here…
Welcome to my iGlobAd Review!
There has been some major buzz about this company lately on Google Trends.
I decided I had to investigate what this company was all about….
Chances are someone caught up with the hype and approached you about joining this business opportunity in person or on social media and now you just want to make sure it is legit before you have any stake in it.
Good news, I’m here for you!
I’m here with the details to help you with your research of this company before you start investing.
I’ll start by walking you through the company, then address the products and then the compensation plan.
This way you can make the right decision to join or not…
Let’s find out if iGlobAd is right for you!
iGlobAd Review – The Company
The company at review here states it is, “based in London, UK” and operates within the MLM niche of advertising.
iGlobAd names Mackenzie Carter as the current CEO of the company, although it I can’t seem to find info on him anywhere.
The name its itself, Mackenzie Carter, is generic enough to not be too conspicuous or raise any red flags.
But given that the company has not made a photo of Carter available and the corporate biography of him has been copied and pasted from the Janrise Advertising and Branding website, this raises some red flags.
The company did incorporate itself and this took place in the UK under the name “I Glob Ad Limited”.
iGlobAd Reviews – The Products
The company does not actually have any products or services for retail.
However, any affiliates who wish to join the company can market the iGlobAd affiliate membership itself.
The iGlobAd Compensation Plan
Affiliates who want to participate in the company’s compensation plan are required to invest funds in packages on the agreement of a 10-month ROI (return on investment) from the company.
- Starter – Invest $57 and receive a $142.50 ROI
- Standard – Invest $157 and receive a $423.90 ROI
- Extreme – Invest $357 and receive a $1035.30 ROI
- Ultimate – Invest $757 and receive a $2346.70 ROI
- Bronze – Invest $1257 and receive a $4148.10 ROI
- Silver – Invest $3257 and receive a $11,399.50 ROI
- Gold – Invest $6075 and receive a $22,477.50 ROI
- Platinum – Invest $12,750.90 and receive a $49,725 ROI
When an affiliate personally sponsors a new affiliate, a 10% Direct Referral commission is paid on funds invested.
There are also Residual commissions which are paid out through a binary compensation model used by the company.
The binary model puts an affiliate on top of a binary team, then forms level 1 beneath, which is divided into two sides (left side/right side).
Level 1 of the binary team holds two positions and level 2 is made by splitting the positions in level 1 into another two positions each (now having 4 positions on the binary team).
Levels 3 and up in the binary team will be made as required, with any new level holding 2x as many positions as the level prior to it.
The positions in the binary team are filled through affiliate sponsorship, either directly or indirectly.
The company does not set a limit to how big a binary team can grow.
Everyday the company tallies up new investment volume made on the left and right sides of the binary team.
The company pays affiliates a residual commission to matched funds on the left and right side at a rate of 8%.
If there is a stronger side in the binary team and there are leftover funds, these applicable funds will be carried over to the next payment period.
Cost To Join iGlobAd
The cost to join iGlobAd as an affiliate is the purchase of a company membership and an investment of funds ranging anywhere from the Starter package at $57 and all the way up to the Platinum package at $12,750.90.
Keeping in mind that potential investors may be reading this, the more you invest in to a company the higher your income potential will be (and the greater the risks as well).
Verdict on iGlobAd
So does the iGlobAd scam exist?
Well, there are a few red flags getting triggered here…
First, the owner of the company has NO information on who they are…
Almost like a generic name…
Second, they are promising an ROI which is a BIG NO NO.
No company in the world can promise an ROI because the markets go up and down…
For example, you buy Platinum for $12,750.90 and you can get a $49,725?
HUGE red flag and because of that I don’t recommend this company…
They can only promise an ROI for a little bit because newly invested funds will be paying off existing members.
However, once recruitment slows down, the ROI will crash and they won’t be able to keep up with it.
You see what I mean?
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I hope you enjoyed the iGlobAd review and if you have any questions please leave them in the comments below.
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