PowerLoan Review – Is This A Good Opportunity Or Big Scam?
PowerLoan 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 PowerLoan.
I have simply gathered for you all the facts in this PowerLoan Review in order for you to make a proper decision about it.
So, is it true? Is PowerLoan a scam?
Can it really help you build an online empire?
Let’s carry on with the review.
What Is PowerLoan?
In the case of PowerLoan, we’re dealing with yet another faceless MLM entity.
Despite looking around as much as possible, I wasn’t able to find any concrete background info on PowerLoan. In other words, I have no idea who founded the company, when it was launched, where in the world it’s based out of, or anything along these lines.
The domain name for PowerLoan’s website was registered on January 22, 2018, but this also turns out to be a dead end.
Because the domain was registered privately, it’s impossible to see where the registration took place or who the domain owner is.
PowerLoan’s site does mention someone by the name of Johan, and they credit them as being the company’s CEO. However, because no further information is provided about Johan, it’s likely that they don’t really exist.
What Are The Products For PowerLoan?
Moving right along to PowerLoan’s product line, this is another area where the company drops the ball.
You won’t find any goods or services being sold to retail customers here, and as a result of this, there’s no way for retail sales activity to exist.
A setup like this leaves affiliates with only the affiliate membership to offer to individuals, and in my experience, an MLM entity setup along these lines is never good news — and often the sign of a scheme/scam.
What Is The Compensation Plan For PowerLoan?
As an affiliate for PowerLoan, you’ll be asked to invest money into pre-generated POWL points.
These points are sold to members between 50 cents and $1.10 per each point, and after you have so many of them, you’ll then lend the back to PowerLoan’s anonymous owners so you can start earning on an ROI.
The ROI that’s offered goes up to 1.5% no matter how much you invest, but depending on the package you choose, you’ll get it for a certain number of days.
- Affiliates that invest in Package A get the ROI for 60 days
- Affiliates that invest in Package B get the ROI for 90 days
- Affiliates that invest in Package C get the ROI for 180 days
In addition to the ROI, affiliates also have the chance to earn on referral commissions.
Referral commissions are handled using a unilevel system, and with this, members can earn commissions for recruiting more and more people into PowerLoan.
What’s Does It Cost To Join PowerLoan?
You can join PowerLoan without paying a dime, but if you do so, you’ll be restricted to only earning on referral commissions. If you’d like to earn these and the ROI that’s at hand, you’ll have to make a minimum investment of 50 cents into POWL points.
Is PowerLoan A Scam?
Have you heard from a friend that PowerLoan is a scam?
Based on this review, it might be hard to tell.
What exactly is the truth about PowerLoan – is it a scam or legit?
Good news – PowerLoan is not 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.
PowerLoan Review Conclusion
I sure hope that you have found my PowerLoan review helpful for you.
Some other reviews have been pretty scant on details, and I wanted my PowerLoan review to have all the information for you.
If you decide to carry forward with PowerLoan, 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.