Legends VIP Network Review – Legit MLM or Big Scam? Read this!
Welcome to my Legends VIP Network Review!
So, you want to join an online business, but you’re not sure how to start?
With so many new MLM companies out there, it can be hard to know which ones are legit and which ones aren’t.
So, how can you tell the difference between the duds and the diamonds in the rough?
Research, read, and learn as much as you can about the company before signing up!
In my review, I will go over the company’s background, products, compensation plan, and cost to join.
Let’s dig in!
Legends VIP Network Review – The Company
While the Legends VIP Network website doesn’t clearly state who operates or owns the business, marketing videos on the site feature Val Smyth.
Smyth is listed the owner of the Legends VIP Network website domain, which was registered in 2014.
Smyth first showed up on the MLM scene in 2015 as a co-admin of Total Takeover.
Total Takeover was a relatively short-lived business that collapsed just a few months after launch.
Later that same year, Smyth returned with another company called The Elite Networker.
In 2016, Smyth launched Mentoring Millionaires, however currently the website is misconfigured.
Val Smyth used a Canadian address to register the Legends VIP Network website domain, but provides a Washington address in the Legends VIP Network website terms and conditions.
Legends VIP Network Reviews – The Products
Legends VIP Network offers a stream service at a cost of $39.95 a month.
According to the company’s compensation plan material however, this doesn’t seem to have anything to do with the business opportunity.
The Legends VIP Network Compensation Plan
New Legends VIP Network affiliates are required to sign up and pay $147.
Affiliates earn commissions when they sponsor others who also sign up and pay the fee.
Legends VIP Network affiliates are paid $100 for every affiliate they personally sponsor.
Residual recruitment commissions are paid through a 1-up compensation structure and tracked through a unilevel team.
A unilevel compensation structure puts an affiliate at the top of a unilevel team that places every personally sponsored affiliate right under them on level 1.
When level 1 affiliates sponsor new affiliates, they are put on the 2nd level of the original affiliate’s unilevel team.
When level 2 affiliates sponsor new affiliates, they are put on the 3rd level, and this continues on down as many levels as are needed.
New Legends VIP Network affiliates pass-up their first sponsorship commission to the affiliate who sponsored them.
For example, George sponsors Lucy, who sponsors Charlie.
The $100 commission made on the sponsorship of Charlie is passed up to George.
Once this first pass-up is done, sponsorship commissions are kept by the sponsoring affiliate.
The residual nature of the compensation plan starts when personally sponsored affiliates pass-up their first sponsorship commission too.
Cost to Join Legends VIP Network
The cost to join Legends VIP Network as an affiliate is $147.
Okay, so now it’s time for a final verdict…
As far as I can tell, there is no link between the streaming service and the MLM portion of the business.
In regards to the streaming service, Legends VIP Network doesn’t provide any information about whether or not they have the licenses to offer the content they provide.
If that is the case, that means they are offering pirated content, which will likely get shut down rather quickly.
On the MLM side of the business, with 100% of commissions being directly related to sponsoring others into the company, once recruitment numbers slow down, so too will incoming commissions.
This will lead to the inevitable collapse of this business.
So, my advice here is to hold onto your money for now and keep searching for that diamond in the rough…
Thanks for reading my Legends VIP Network review! Feel free to leave a comment or question down below…
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