Hodo Global Review – Is This A Good Opportunity Or Big Scam?
Hodo Global has been getting a lot of attention on the web lately.
Because there is so much hype, a lot of network marketers are trying to sell this opportunity all over the place, including all over social media.
I want to let you all know that I am NOT in any way promoting or selling Hodo Global.
I have simply gathered for you all the facts in this Hodo Global Review in order for you to make a proper decision about it.
So, is it true? Is Hodo Global a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is Hodo Global?
In the case of Hodo Global, the company’s website claims the operations and such are being run out of Texas in the United States. The company itself is a multi-level marketing opportunity (of course), but it has a specific focus on the travel industry.
According to the official website, a man by the name of John Hammack is titled to be the CEO of Hodo Global.
While all of that may sound fine, dandy, and a bit uninteresting, what we found next has us a bit worried for the legitimacy and honesty behind Hodo Global.
You see, the address that’s listed on the company’s website is actually owned by another company. The company is called BhipGlobal, and it’s owned by a man of the name Terry Lacore.
If Terry Lacore’s name sounds familiar to you at all, that’s because he’s had some involvement in the world of multi-level marketing in the past.
Lacore was previously one of the co-founders behind a company called Rippln. Unfortunately for Lacore and anyone who invested money into this venture, the whole operation was dead on arrival – collapsing just 9 short months following its initial announcement.
Even before his time at Rippln, Terry Lacore saw himself involved with security-based fraud investigation in 2008 that was conducted by the SEC. Following this investigation, Lacore was forced to settle and ended up paying a pretty hefty fine of $50,000.
Although Terry Lacore doesn’t directly appear to have involvement with Hodo Global, the fact that BhipGlobal’s address is listed on the company’s website doesn’t look good at all.
Hodo Global is off to a pretty interesting, if not shaky start. In any case, let’s take a closer look to see just what the company has to offer.
What Are The Products For Hodo Global?
Although Hodo Global does not have any physical goods or services for their affiliates to market and sell, they do have something that’s called “TripSpin”. TripSpin is a subscription-based service that provides people with exclusive deals and savings on various travel plans and packages.
Accessing TripSpin is limited to the company’s app – Hodo Connect – and using the app allows folks to earn things that are called TripSpin Rewards.
After so many of these Rewards are obtained, users are able to redeem them for free products, trips, and other travel-related goodies.
While this might sound mildly enticing, the cost of admission is incredibly steep. There’s a one-time payment of $308 that’s initially required, and a monthly fee of $88.88 is then charged after that. However, if a user signs up for TripSpin from the Philippines, Thailand, Mexico, or Malaysia, that monthly fees goes from $88.88 to just $48.88.
What Is The Compensation Plan For Hodo Global?
As an affiliate for Hodo Global, your primary task is to sell subscriptions to the company’s TripSpin service.
Hodo Global offers both direct and residual commissions that are paid to affiliates through the use of a binary system.
Hodo Global Affiliate Ranks
As we see quite often with multi-level marketing opportunities, Hodo Global allows their affiliates to progress through various ranks as they become more active and successful within the company.
There are 8 different ranks for affiliates to move through, and higher ranks are obtained by maintaining a certain amount of active subscription sales for TripSpin.
In addition to having to maintain so many active subscription sales, affiliates for Hodo Global are also forced to maintain a certain amount of TripSpin Rewards during a set period of 6 months.
The same 8 ranks are involved here, and affiliates are able to move through them by having a certain number of TripSpin Rewards, either personally or through their respective downline.
Once a new rank has been achieved, affiliates are granted with a grace period of 6 months before these requirements kick in once again.
Retail Commission Qualifications
Although this doesn’t seem to be the primary focus for Hodo Global, the company does allow their affiliates to earn a commission by selling TripSpin subscriptions to retail customers. However, there are a couple of set qualifications that need to be met in order for this to take place.
First, affiliates must either purchase a TripSpin subscription plan of their very own, or get someone else to purchase one from them within their first 4 weeks of being an affiliate for Hodo Global.
On top of this, affiliates are also required to generate at least 500 BV.
Once these initial qualifications have been satisfied, affiliates must maintain a BV of at least 50 or 25 in order to remain qualified for the retail commissions that are available.
Hodo Global utilizes a pass-up system for their retail commissions. The first sale an affiliate makes is passed up to the affiliate who initially recruited them.
The amount of the commission that can be earned is dependent on how many active sales an affiliate is able to maintain. Essentially, the more sales you can keep alive, the higher your commission is going to be.
I’m Qualified Bonus Pool & Differential Override
Two of the bonuses that Hodo Global offers are tied directly to retail sales of TripSpin subscriptions. These are essentially just bonus pools the company has established, and aren’t any different from other bonuses we’ve seen from past MLM opportunities.
When it comes to residual commissions, Hodo Global utilizes a binary system for these to be paid out.
The binary system that’s set in place is just like one you’d find in any other MLM-based company, and the one that Hodo Global uses sees that affiliates are paid a certain amount each week.
This amount is based on how much BV each side of the binary system has generated throughout that week, and Hodo Global also caps the maximum commission that an affiliate can earn at $30,000 each week.
Matching Bonus & Lifestyle Bonus
Along with the I’m Qualified Bonus Pool and Differential Override, Hodo Global also offers their affiliates a Matching Bonus and Lifestyle Bonus.
The Matching Bonus is paid as a 10% commission through money that’s earned through an affiliate’s downline, and the higher rank an affiliate is, the more levels that an affiliate is able to match.
The Lifestyle Bonus is simply an extra commission that affiliates will receive based upon their rank within the company. There aren’t any special qualifications that need to be met in order to receive this, but the amount will go up considerably each week as an affiliate obtains higher ranks within the company.
What’s Does It Cost To Join Hodo Global?
The initial payment that’s required to join Hodo Global comes in at a $88. This $88 payment will ensure that an affiliate will remain active for 12 months, but following this, a monthly fee of $9.88 is required to remain eligible to earn the available commissions that are up for grabs.
Is Hodo Global A Scam?
Have you heard from a friend that Hodo Global is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about Hodo Global – is it a scam or legit?
Good news – Hodo Global is not really a scam.
But, be sure to take a look at the conclusion, because there are some things you should be aware of.
This is how you will build a successful in your business.
Let me help you make more money.
Hodo Global Review Conclusion
Although Hodo Global claims to operate in the travel industry, the only connection the company has to the world of travel is through the fact that they’re selling people access to various discounts on travel plans and packages.
While Hodo Global talks up TripSpin quite a bit through their marketing and promotional material, it’s really nothing more than discounts on travel deals form a group of different third parties.
While TripSpin does offer a legitimate service to customers, Hodo Global really needs to make sure that they’re marketing and selling this to retail consumers if they want to operate on a legitimate basis.
However, the likelihood of this happening is slim-to-none. Why’s that though?
You’re an average consumer. You see something that’s offering exclusive discounts for different travel plans, and your interest is peeked. Saving money on vacation plans is always a sweet deal, but that’s until we start looking into how much this would actually cost.
Upfront, a retail customer will have to shell out $308. Following this, a monthly fee of $88.88 will ensue. After all is said and done, the yearly cost comes out to $1285.68.
Although TripSpin is offering you discounts on travel packages, that’s an absurd amount of money to have to spend in order to get access to discounts on plans that will require you to spend more money.
However, retail customers definitely don’t appear to be the main focus for Hodo Global.
If an affiliate wants to start earning commissions right away, they have the option to purchase a subscription to TripSpin for themselves. After this, an affiliate just needs to recruit 2 additional people to do the same, and then they can stand to earn $150 each week.
Sounds nice, right?
However, after the first 6-month grace period, more qualifications will be set in place for TripSpin Rewards.
An affiliate will need to generate so many TripSpin points each money if they want to continue to earn a commission through Hodo Global. These points are generated through the sale of TripSpin subscriptions, but that’s where the real challenge and issue of Hodo Global comes into play.
If you want to earn any real retail commission through Hodo Global, you’re going to have to really market a yearly fee of $1285 to folks for a service that’ll just grant them access to vacation discounts.
If that doesn’t sound appealing to you, you can go about recruiting new affiliates to sign up and purchase their own subscription for TripSpin.
Either way, this sounds like a bit of a shaky opportunity if you ask us.
I sure hope that you have found my Hodo Global review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my Hodo Global review to have all the information for you.
If you decide to carry forward with Hodo Global, make sure you make the most out of it and learn how to market yourself online.
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