LendConnect Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, LendConnect 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 LendConnect in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for LendConnect.
I wanted to gather all the information about LendConnect in my LendConnect Review in order for you to make a decision about joining LendConnect.
Is LendConnect 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 LendConnect.
Read on to find out what you need to know.
What The Heck Is LendConnect?
To be perfectly blunt, LendConnect makes a horrible first impression. The company’s official website looks good enough from a design point of view, but when it comes to content, it’s seriously lacking.
There isn’t any indication of who owns the company, who’s managing its operations, where it’s based out of, or anything along these lines.
LendConnect’s domain name (lendconnect.io) was first registered on November 14, 2017, but since this was done privately, it’s impossible to see where the registration took place or who the domain owner is.
This all adds up to make LendConnect incredibly faceless, and in the MLM world, that’s just about the last thing you want to see.
What Are The LendConnect Products?
In regards to LendConnect’s product line, well, there isn’t one.
No goods or services are being sold to retail customers, and because of this, there’s no chance for retail sales activity to take place.
The only thing affiliates can market is the affiliate membership itself, and the main reason someone would want to join this is because of the income opportunity that comes with it.
What About The Compensation Plan For LendConnect?
Should you choose to join LendConnect, you’ll be asked to buy LCT points from the company. These points range in price from 60 cents to $1.10 per point, and after you buy a few, you’ll then need to lend them back to LendConnect.
Upon doing this, you’ll be eligible to start earning on a monthly ROI. You can earn more and more from this ROI as you invest more and more cash, and the investment levels work out as follows:
- Earn a 155% ROI for 120 days after investing $100 to $1000
- Earn a 158.1% ROI for 100 days after investing $1001 to $5000
- Earn a 161.2% ROI for 80 days after investing $5001 to $15,000
- Earn a 164.3% ROI for 60 days after investing $15,001 to $100,000
In addition to the ROI, affiliates are also given the chance to earn on referral commissions.
LendConnect pays referral commissions using a unilevel system, and with this, affiliates stand to earn the following rates:
- 8% commission on Level 1
- 4% commission on Level 2
- 2% commission on Level 3
- 1% commission on Level 4
What’s The Cost Of Joining LendConnect?
You can join LendConnect for free and earn only on referral commissions, but if you’d like to earn on these and the monthly ROI that’s being offered, you’ll have to throw down an investment of at least $100 into the LCT points.
So, Is There A LendConnect Scam Going On?
Have you been hearing rumours that LendConnect 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 LendConnect scam going on?
If I am being perfectly honest, LendConnect isn’t entirely a scam.
However, there are some things you need to watch out for.
This is how you will be successful in online marketing. See the image below for details.
Finally, My LendConnect Review And Conclusion!
In order to fund the ROI being promoted, LendConnect says that it uses “trading strategies” that are “capable of influencing prices of the coins we choose” and a “trading bot” that has “made higher percentages than we [LendConnect] could ever imagine.”
Let me be straight with you – this is all nonsense.
LendConnect’s touting of its strategies and bot might sound good on the surface, but the fact of the matter is that they don’t exist.
The only source of money for LendConnect is that of affiliate investments, and this is a big problem.
This requires LendConnect to use newly invested funds to pay ROI liabilities to other affiliates, and in the MLM world this is referred to as a Ponzi scheme.
Ponzi schemes are usually bad news for everybody, and this will hold true with LendConnect.
Most everyone that joins will end up losing out, and only the admin(s) will make off with anything of considerable value.
Recovering lost funds will be next to impossible, and once investments stop coming in, LendConnect will be no more.
You’re almost guaranteed to lose money if you get involved with this, and as such, I highly recommend taking your time elsewhere.
I really hope you have gained value from my LendConnect Review.
I wanted to make sure you had all the information you needed, because most other LendConnect reviews are just trying to sell you something.
If you really do decide to join LendConnect, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!