New Tycoon Plus Review – Is This A Good Opportunity Or Big Scam?
New Tycoon Plus 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 New Tycoon Plus.
I have simply gathered for you all the facts in this New Tycoon Plus Review in order for you to make a proper decision about it.
So, is it true? Is New Tycoon Plus a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is New Tycoon Plus?
In the case of New Tycoon Plus, the company’s website showcases a list of its founders front and center. This is usually a good sign, but further digging reveals that there’s something odd happening behind the scenes.
Per New Tycoon Plus, its founders include Richard Tan, Michael Burnett, Veronica Tan, and Patrick Liew.
However, if you head to the website for Success Life, you’ll find the exact same people listed as the found for that company, too.
Singapore is where Success Life is based out of, and it’s currently promoting “Success Tokens” that are scheduled for a launch some time next month as an ICO.
Going back to New Tycoon Plus, marketing for the company touts that it’s “a fully owned Subsidiary of Success Resources Global Media as Listed on ASX.”
The ASX is the Australian Securities Exchange, and it’s pretty odd that this is being mentioned regarding a company that’s based on Singapore.
“Success Global Media” is listed on the ASX, but there’s no mention of its connection with New Tycoon Plus.
Going to Success Global Media’s site, here it’s stated that it’s “one of the leading global providers of educational resources.”
Success Global Media also touts a corporate address that’s located in Singapore, and this all but confirms that the company doesn’t have any physical presence in Australia.
However, where things get even more confusing is the mention of New Tycoon Plus being a “Hong Kong limited company” as per its Terms and Conditions.
Upon visiting the website for New Tycoon, you’ll see a marketing page that promotes Success Resources and its “live seminars and workshops.”
Alexa suggests that New Tycoon flopped some time ago, and the New Tycoon Plus opportunity we’re looking at today is expected to be a reboot of it.
Richard Tan does appear to be a real person, and while language barriers prevent me from seeing much in regards to background info, promotional material for the company says that he’s been speaking at “Cryptocurrency investor summit” events.
What Are The Products For New Tycoon Plus?
Moving over to the product line, this is another area where New Tycoon Plus disappoints.
You won’t find any goods or services being sold to retail customers, and because of this, it’s impossible for there to be any retail sales activity.
Retail sales serve as the backbone for most all legitimate MLM entities, so it’s always worrisome to run across a company like New Tycoon Plus that’s operating without any sort of product line in sight.
What Is The Compensation Plan For New Tycoon Plus?
On the compensation plan side of things, affiliates for the company are asked to invest bitcoin so they can start earning on a 128% ROI.
New Tycoon Plus offers three tiers of investment to choose from, and these work out as follows:
- 12MP — Earn $1536 after investing $1200
- 50MP — Earn $5000 after investing $6400
- 100MP — Earn $12,800 after investing $10,000
Once you reach the maturity period of your investment, affiliates get 5% of their investment back in Success Tokens.
Additionally, you have the opportunity to earn even more cash with referral commissions.
New Tycoon Plus uses a unilevel system to pay this money, and the available rates include:
- 10% rate on Level 1
- 4% rate on Levels 2 and 3
- 3% rate on Levels 4 through 6
- 2% rate on Levels 7 and 8
- 1% rate on Levels 9 through 12
What’s Does It Cost To Join New Tycoon Plus?
If you’re for some reason interested in joining New Tycoon Plus, you’ll need to pay a membership fee of $50 and then invest a minimum of $1200.
Is New Tycoon Plus A Scam?
Have you heard from a friend that New Tycoon Plus is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about New Tycoon Plus – is it a scam or legit?
Good news – New Tycoon Plus 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.
New Tycoon Plus Review Conclusion
Simply put, New Tycoon Plus is nothing more than your run of the mill Ponzi scheme. New people join, they invest money (in this case, bitcoin), and hope they’ll earn a magical ROI.
Unfortunately, since affiliate investment activity is the only source of income for New Tycoon Plus, ROI liabilities are paid using these funds.
A setup like this will see most everyone losing out, and when this will happen once people stop joining/investing.
Unless losing $1200+ sounds like a good deal to you, I’d advise taking your time and money elsewhere.
I sure hope that you have found my New Tycoon Plus review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my New Tycoon Plus review to have all the information for you.
If you decide to carry forward with New Tycoon Plus, make sure you make the most out of it and learn how to market yourself online.
Click to get my free training that shows you how.