Success Mastermind Review – Legit Business or Big Scam? Find Out…
Welcome to my Success Mastermind Review!
Whether someone has already told you about this company already or this is the first time you have come across it, you are here because you want to learn more about it, right?
I’m happy that you have found your way to my blog before you jump into a new company!
In my blog, I will tell you all about the company, the products, and the compensation plan they offer so you can make the right choice for you and your money…
Success Mastermind Review – The Company
Success Mastermind does not offer any information on their website in regards to who owns or operates the company.
I did manage to find out that the Success Mastermind website domain was registered privately as “mysuccessmastermind.com” on the 20th of September, 2018.
Success Mastermind claims that it is ‘operated from Auckland, New Zealand by a group of entrepreneurs’, however, the corporate address that is provided actually belongs to a clothing store.
Success Mastermind Reviews – The Products
Success Mastermind does not have any retail products or services, but affiliates can market the Success Mastermind affiliate membership.
Affiliate membership offers access to “mind blowing materials that will help you live a better life”.
After investing, affiliates also receive adcredits, which they can be use to put up advertising on the company website.
The Success Mastermind Compensation Plan
Success Mastermind affiliates must invest money for a daily ROI, as follows:
- Basic Mastermind – Invest $5 to $495 and receive a 4.5% daily ROI for 30 days
- Premium Mastermind – Invest $500 to $1995 and receive a 5.5% daily ROI for 30 days
- VIP Doubler Mastermind – Invest $2000 to $50,000 and receive a 3.35% daily ROI for 30 days
Referral commissions are paid down 3 levels of sponsorship in a unilevel structure.
The commissions are paid as a percentage of the money that is invested.
The percentage amount of payouts on each level is dependent on the amount a Success Mastermind affiliate has invested themselves:
- Invest at the Basic Mastermind tier and receive 6% on level 1 (personally recruited affiliates), 3% on level 2 and 1% on level 3
- Invest at the Premium Mastermind tier and receive 7% on level 1, 4% on level 2 and 2% on level 3
- Invest at the VIP Doubler Mastermind tier and receive 8% on level 1, 5% on level 2 and 3% on level 3
Cost to Join Success Mastermind
The cost to join Success Mastermind as an affiliate membership is free, but a minimum investment of $5 is needed to participate in the income opportunity.
Verdict on Success Mastermind
As with so many MLM companies before this, Success Mastermind doesn’t provide any verifiable source of external ROI
Which only means one thing…
The incoming income is coming from new affiliate investment.
Using new investment to pay off old investors is the very definition of a Ponzi scheme…
Once recruitment slows down (and it always does, folks) income will slow down as well.
The only people who will benefit from this type of format is the people right at the top…
Later investors will simply lose their investment once the company collapses…
So, my advice is to be careful if you are considering investing in this company.
Thanks for reading my Success Mastermind review and if you have any questions or comments feel free to leave them down below!
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