Game Loot Network Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, Game Loot Network has been getting a lot of attention in the network marketing circles.
With all this hype, I am sure you have seen some of your friends trying to sell Game Loot Network in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for Game Loot Network.
I wanted to gather all the information about Game Loot Network in my Game Loot Network Review in order for you to make a decision about joining Game Loot Network.
Is Game Loot Network legit or a scam?
Will it be able to deliver on it’s promises to you?
Let me show you in my unbiased review of Game Loot Network.
Read on to find out what you need to know.
What The Heck Is Game Loot Network?
The world of mobile gaming in huge, so it only makes sense as to why a multi-level marketing company would try to make their push into this market.
One such company that’s attempting to do this is Game Loot Network, and the company had a form of prelaunch back in May of 2015.
Digging through the LinkedIn profile of Game Loot Network, it would appear that the company is based out of Arizona in the United States. With that said, the contact page for the company’s website lists an address for the state of Missouri.
Contradicting information like this is never a great place to start off, so it does raise our suspicious for sure. Looking further into the address that’s listed, we’re presented with an entirely different company. The reason for this address being on Game Loot Network’s site is completely unknown to us.
As if that wasn’t weird enough, a third location is thrown into the mix with Game Loot Network’s terms and conditions for the company’s website. These terms outline that the website is governed by laws originating in Georgia.
Why do we have three states involved for one company? We aren’t sure, but we know for sure that we don’t like it.
The owner for the domain name of Game Loot Network’s website is that of a Mr. Lance Baker. However, Baker’s only real relation to Game Loot Network is with an eBook he wrote, called “Game Loot: Grab Your Piece of the Mobile Gaming Revolution”.
Why Baker doesn’t appear on the company’s website or anywhere else online also doesn’t bode well for the legitimacy of his involvement with the brand, or for the brand itself.
What Are The Game Loot Network Products?
Unlike many of the MLM company’s we’ve been looking at lately, Game Loot Network does have an actual good to offer to their affiliates. It comes in the form of a mobile gaming environment that Game Loot Network calls The Fun Zone.
Game Loot Network describes The Fun Zone as a place where users can play games, win various prizes, and even interact with other users of the platform.
While The Fun Zone is initially free to access, you can also pay for tokens to gain access to other features that the platform has to offer.
You can purchase 50 tokens for as little as $10, and pay up to as much as $1000 for 5000 of these tokens. That’s a pretty hefty amount of money to sink into any sort of mobile gaming platform, and we rarely see any legitimate company allow their users to fork over that much money in one transaction.
However, it’s worth noting that these tokens are not available to the general public. In order to have access to purchase them, users need to be involved with Game Loot Network’s affiliate plan.
What About The Compensation Plan For Game Loot Network?
In order for affiliates to earn money as an affiliate, they have a couple different options to choose from.
Affiliates can recruit additional members to join Game Loot Network for a commission, but can also earn money by spending a certain dollar amount each month on the tokens we mentioned above.
While Game Loot Network does offer to pay their affiliates for the above actions, there’s a bit of hook that’s tied to them. In order to have any chance at these money-making opportunities, affiliates are forced to spend so much money every single month on the offered tokens for The Fun Zone.
Having to spend a monthly amount in order to earn a commission doesn’t bode well for any company, and with the negative points we’ve already looked at, things are continuing to look pretty fishy for Game Loot Network.
Game Loot Network Affiliate Ranks
Game Loot Network offers 8 different ranks for their affiliate program, and affiliates must spend so much money and recruit so many active affiliates in order to move up through the system that’s set in place.
The lowest rank is that of the Premium Gamer, and it requires affiliates to not only recruit one other member, but to also shell out $10 each month on The Fun Zone tokens.
When moving up through the ranks, the highest one is titled as Level 6 Ambassador. A monthly payment of $100 in The Fun Zone tokens is required to obtain this rank, along with recruiting and maintaining a total of 15 active affiliates.
In the event that new recruits of Game Loot Network purchase tokens for The Fun Zone, current affiliates for the company see a commission of 10%.
However, this commission is rather limited, as it’s only active for the new affiliate’s first 30 days of membership.
Residual commissions are no stranger to multi-level marketing companies, and we’ve got one present here with Game Loot Network.
As you’d expect, the system set in place is that of a unilevel structure, and there is one person placed at the top of said structure.
This person is placed at a level 1 spot, and any members they recruit are placed underneath them. This system is set in place to go down and down for a virtually endless amount of levels.
Game Loot Network pays a commission off of the first 10 levels of this structure, and said commissions are paid out as a % of The Fun Zone tokens that are bought by existing members.
The actual percentage that an affiliate earns is based on the rank they’re in, so spending more money each month and recruiting/maintaining more affiliates will grant you opportunities to make a greater amount of money.
Do Deep Bonus/Coded Infinity Bonus/Matching Bonus/Global Revenue Sharing Pool
Similar to what we’ve seen with other MLM companies, Game Loot Network has a number of bonuses that they offer to their affiliates.
These bonuses are nothing more than an extra commission that higher-ranked affiliates can earn, based off of a percentage of money that’s being invested into the company by existing affiliates.
What’s The Cost Of Joining Game Loot Network?
If you want to join in on the money-making opportunities that are offered by Game Loot Network, you’re going to need to throw out some money for The Fun Zone tokens the company offers.
These token packages can cost as little as $10, and go up to as much as $1000.
On top of this, all affiliates must spend at least $10 every month in token purchase to maintain an active membership.
So, Is There A Game Loot Network Scam Going On?
Have you been hearing rumours that Game Loot Network is a scam?
After reading this review, you might still be asking yourself if it is really legit.
So – what is the truth? Is there really a Game Loot Network scam going on?
If I am being perfectly honest, Game Loot Network isn’t entirely a scam.
However, there are some things you need to watch out for.
At least there’s a proper product on sale from Game Loot Network. Unfortunately, a lot of business opportunities don’t have any sort of retail offering.
In fact, there aren’t many legit opportunities left. On the positive note, Digital Altitude has proper products and I reviewed this quite recently.
This is how you will be successful in online marketing. See the image below for details.
Finally, My Game Loot Network Review And Conclusion!
So, what are the biggest issues facing Game Loot Network? There are actually quite a few that we need to talk about.
First off, the company lacks any true sense or form of retail. This not only hurts the company from a design standpoint, but also in regards to the practicality of the business.
The only real shot affiliates have at earning money within the company is buy paying a monthly fee and recruiting additional members to join the company. However, to have the best shot at earning any real money, the company heavily pushes their Fun 500 plan.
This requires affiliates to pay $100 up front, pay a monthly membership fee, and recruit a number of other affiliates.
As for the commissions that are being paid out, these funds come directly through the payments that new members are handing out as they sign up.
At the of the day, we have a pretty typical closed-loop structure that Game Loot Network has going on. With any lack of retail sales, commissions are based off monthly fees from other users, as well as any extra money they pay for The Fun Zone tokens.
Speaking of those tokens, the initial idea is that they are used to play certain games that that are locked to them. However, Game Loot Network’s official website doesn’t offer any disclosure as to what the real purpose of these tokens are.
Where things get even more interesting is the fact that Game Loot Network appears to offer penny auctions. Within these auctions, affiliates can use their purchased tokens to put towards these auctioned items.
While that does give Game Loot Network some shot at a retail opportunity, this isn’t mentioned anywhere at all in the compensation plan that the company offers.
On top of that, there’s yet to be any multi-level marketing company to successfully implement any form of penny auction.
The main reason for this? A large number of people play, and since there’s only one winner, 99.99% of everyone else has just spent their money for nothing in return.
Combine all of this with the absence of any management or ownership information on Game Loot Network’s website, the fact that any money going through the company is entirely dependent on recruiting more affiliates, and a number of other issues, things don’t look too hot for Game Loot Network.
As with any MLM along these lines, Game Loot Network will more than likely cease to exist once new recruits stop coming in. The company will collapse, the owners behind this sham will run off with the money they’ve earned, and most investors will end up losing out.
I really hope you have gained value from my Game Loot Network Review.
I wanted to make sure you had all the information you needed, because most other Game Loot Network reviews are just trying to sell you something.
If you really do decide to join Game Loot Network, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!