Speed Feeder Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that Speed Feeder is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about Speed Feeder, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting Speed Feeder as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about Speed Feeder in my Speed Feeder Review – now you can learn all you need to know about it.
Is Speed Feeder really a legit business?
Is Speed Feeder a safe business to join?
Let me show you in my review of Speed Feeder.
Get started by reading my review below.
Exactly What Is Speed Feeder?
Speed Feeder is the latest subject that’s up for my full review, and upon visiting the Speed Feeder website with a referral link from another affiliate, you’ll be presented with a message form someone with the name of Clay Montgomery.
Clay Montgomery’s name also appears in the domain name registration for the Speed Feeder site registration, and this took place on August 4th, 2016.
Going back to Montgomery, the main claims that he decided to launch Speed Feeder after too many people complained that they didn’t have enough money to join his other MLM opportunity – Exitus Elite.
Montgomery has been building and working on Exitus Elite for about 6 months or so at this point in time, and he says that, “While I have earned a substantial amount in commissions in the program, I learned something along the way that ultimately paved the way for the birth of Speed Feeder.
For every 1 person who joined my business, there were at lest 3 other prospects who really loved the opportunity and the products and wanted to join but simply did not have the means to come up with the money.”
So, as a result, Montgomery went on to create and launch Speed Feeder.
Moving back to Montgomery’s other MLM involvements, Exitus Elite was originally launched as Exitus Network back in 2014 as a $12,000 cash gifting scheme, but following its eventual collapse, it was rebranded and rebooted as Exitus Elite around mid 2016.
Current Alexa rankings show that traffic for Exitus Elite has died down quite a lot, and while Montgomery is trying to sell the idea that he created Speed Feeder because Exitus Elite is too expensive for some people, the more likely reason for its launch is because Exitus Elite is on its way to a collapse.
What Is The Speed Feeder Product Line?
As for the product line that Speed Feeder has to offer, there’s not much at all to talk about in these regards.
This is because Speed Feeder is trying to make it big without any sort of product line in place, meaning that there aren’t any goods or services available for retail customers to purchase.
In addition to this, it also means that there’s a total absence of any retail sales activity, and this is never something that you want to see with a company in the MLM world.
If someone does decide that they’d like to become an affiliate for Speed Feeder, they’ll need to purchase positions in a matrix cycler once they’re all signed up and ready to go.
Purchasing a position in the matrix cycler not only enables you to receive income from it, but it also comes bundled with access to some sort of internet marketing training library that the company is touting.
What Can You Tell Me About The Compensation Plan For Speed Feeder?
Moving right along to the compensation plan, affiliates must invest their money into a 3 x 2 matrix system with three different tiers.
There thee tiers act as stages, and they work out in the following manner –
- Stage 1 – affiliates purchase a position for $100, and completion of it results in them cycling up to Stage 2
- Stage 2 – completed Stage 2 rewards affiliates with a $100 commission, cycles them into Stage 3, and also creates a new Stage 1 position.
- Stage 3 – following completion of Stage 3, affiliates earn a commission of $1850 and created yet another Stage 1 spot.
Speed Feeder also offers a 100% referral commission that’s paid out when personally recruited affiliates of yours’ are able to cycle through both Stage 2 and Stage 3. In other words, recruiting someone else that also gets through all three stages will secure you with two more commissions of $100 and $1850 each.
What Will It Cost To Join Speed Feeder?
In order to become an affiliate for Speed Feeder, you’ll need to purchase at least one position in the company’s matrix cycler for the cost of $100 each.
Is Speed Feeder A Scam?
If you have heard that Speed Feeder is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is Speed Feeder a scam?
I would say not exactly. However, there are some things to be aware of before joining, which I have detailed in the conclusion.
You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion For My Speed Feeder Review
Speed Feeder is an MLM opportunity that’s trying to market itself as a form of “money multiplier” that’s offering affiliates an ROI of $1950 after investing just $100 into the company.
Being able to spend $100 and then get $1950 in return sure does sound like a good idea at first, but the way in which this is being achieved within Speed Feeder is completely illegitimate.
Newly invested cash is used to pay off ROIs and commissions for existing affiliates, and this results in Speed Feeder operating as a Ponzi scheme.
As all Ponzi schemes go, the company will only be around as long as more and more people join the company and purchase positions in the matrix cycler.
Once this activity dies down, Speed Feeder will be looking at a complete and total collapse of its entire operations.
Montgomery, who probably has an affiliate position at the very top of the system, will then make off with the majority of the money that’s been invested and then go off to start another similar scam.
Everyone else will be left to lose out, and thanks to Speed Feeder’s no refund policy, good luck recovering any lost funds that are likely to occur.
I definitely hope you have found value in my Review of Speed Feeder.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with Speed Feeder, make sure you take the time to learn how to market yourself!
My training below can help you with that.