My Gold Rev Review – (2020) Legit Gold MLM or Huge Scam?
Welcome to My Gold Rev Review!
Whether you have already been approached by someone about this opportunity or not, chances are you have heard the name and want to know more about it.
One of the first things you should always do when considering a new company is research it as much as you can.
In my review, I will help you with your research by providing you with the info you need about this company’s background, products, compensation plan, and cost to join.
So, let’s get to it!
My Gold Rev Review – The Company
Lead by Connor Robert, My Gold Rev belongs within the gold MLM niche.
I wasn’t able to find much on Robert, with only Telegram and Whatsapp contact details provided on the website.
There are three corporate addresses listed on its website; one in the US, one in the UK and one in Hong Kong.
My Gold Rev Reviews – The Products
All the best network marketing companies out there have some kind of retail product or service to sell to customers.
This should always be the driving force for the company, but things are a little different in this company…
My Gold Rev has no retail products or services to purchase or sell.
Affiliates who join can only market the My Gold Rev affiliate membership.
Hmmm…lets keep going, make sure you are paying close attention.
My Gold Rev Compensation Plan
All legit network marketing companies have a compensation plan that rewards affiliates to sell to retail customers and sponsor new business reps.
Because there are no retail customers here, things are a little interesting…
To participate in the compensation plan, affiliates are required to invest money for certain advertised returns.
- Package 1 – Invest $20 to $10,000 and receive a 260% ROI after 80 days
- Package 2 – Invest $10,001 to $50,000 and receive a 365% ROI after 90 days
- Package 3 – Invest $50,001 to $100,000 and receive a 450% ROI after 100 days
Affiliates earn a 10% referral commission on investments made by personally sponsored affiliates.
There is also a 10% fee charged on any withdrawal requests.
My Gold Rev affiliates earn residual commissions that are tracked and paid through a binary compensation structure.
A binary compensation structure puts an affiliate at the top of a binary team that divides into and left and right side.
Level one of the binary team holds 2 positions and level two is created by dividing these first 2 positions into another 2 positions each, for a total of 4 positions.
Additional binary team levels are made as needed, with every new level holding twice as many positions as level before it.
Binary team positions are filled through direct and indirect sponsorship of affiliates, with no limit as to how far the team can grow.
My Gold Rev counts up new investment volume on each side of the binary team at the end of every day.
Affiliates earn 10% of matched funds.
Cost to Join My Gold Rev
The cost to join My Gold Rev as an affiliate is free.
However, to fully participate in the income opportunity, there is a minimum $20 investment required.
MyGoldRev Video Summary
Verdict on My Gold Rev
Okay, let’s get to the final verdict…
My Gold Rev claims that they generate external ROI through activities involving gold, including trading, investing, and mining.
Unfortunately, I couldn’t find any evidence that any such activities are taking place.
Another question to ask would be, if this company can generate 450% ROI every 100 days on a consistent basis, why would they share this money-making secret with strangers on the internet?
The truth is more likely that the only incoming revenue is from new affiliate investment.
Which they then use to pay out ROIs to existing affiliates…
Not exactly a legal business model…
So, my advice here is to hold on to your investment for a better opportunity.
Thanks for reading My Gold Rev review! Feel free to leave a comment or question down below…
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