Sport Social Market Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that Sport Social Market is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about Sport Social Market, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting Sport Social Market as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about Sport Social Market in my Sport Social Market Review – now you can learn all you need to know about it.
Is Sport Social Market really a legit business?
Is Sport Social Market a safe business to join?
Let me show you in my review of Sport Social Market.
Exactly What Is Sport Social Market?
Sport Social Market has been attracting quite a lot of attention in the MLM world recently, so I figured that now would be a better time than ever to check it out and see just what all the buzz is about.
Upon visiting the company’s website, I took note of the fact that there isn’t any information provided in regards to contact details for the corporate side of Sport Social Market. This isn’t the worst offense that I’ve ever seen with an MLM opportunity, but it still would have been nice to have direct contact information readily present on the site.
Something else I noticed came from the Sport Social Market Terms and Conditions. Here, it is listed that the company is owned by “YOKA TÉCNICA S.L.” Along with this information, it’s also stated that the ownership by this entity is under the “legislation and jurisdiction of Barcelona, Spain.”
After doing a bit of research on my end, I was able to discover that Yoka Tecnica is a corporation that’s based out of Spain and has is involved with the “development of recreation, entertainment and investment.”
The official website for Sport Social Market also identifies two co-founders for the company. These two men go by the names of Toni Freixa and Rafael Moya, with the former serving as the President and the latter the current CEO of the business. In addition to this, it also appears that these two individuals co-own Yoka Tecnica as well.
Looking at Freixa, the man appears to have a legal background and specializes his practices in the fields of Civil, Merchant, Procedural, and Sports law. From what I was able to tell, Freixa doesn’t have any sort of past experience in the world of MLM.
Moving over to Moya, it was able to learn that he was previously involved with the Ponzi scheme Lucrazon Global. Lucrazon Global appears to have been collapsed and inactive since 2014, so Sport Social Market looks like Moya’s reentry into the wide world of MLM.
What Is The Sport Social Market Product Line?
Switching over to the product line that Sport Social Market is offering, there’s not much to talk about here at all. This is because Sport Social Market doesn’t have any sort of legit product line established at all, and this is not a good sign no matter how you look at it.
No legitimate MLM opportunity can function without a proper product line in place, and because there isn’t any sort of product line here, that means that nothing is being sold or marketed to retail customers at all.
On top of this, it’s quite likely that all of the funds for Sport Social Market are being sourced directly from affiliates themselves. Bundle all of this with the fact that affiliates have nothing more than the affiliate membership itself to market and sell to possible buyers, and you’re looking at a rather crummy setup.
What Can You Tell Me About The Compensation Plan For Sport Social Market?
With the product line (or lack thereof) being in the state that it’s in, what kind of deal are we facing with the compensation plan?
Sport Social Market sees that affiliates invest into one of five available packages upon joining the company. These packages include –
- Amateur Pack = 146.78 EUR
- Junior Pack = 524.20 EUR
- Senior Pack = 1048.40 EUR
- Pro Pack = 3145.20 EUR
- Pro Plus Pack = 5242 EUR
After an affiliate invests money into one of the above packs, they can then start earning money with Sport Social Market. One of the ways that they can go about doing this is by recruiting other people to join the company.
In fact, that’s the only way that affiliates can earn cash.
When you do recruit someone new to join Sport Social Market as an affiliate, you’re able to earn a commission of 5% off of whatever package they invest in.
Because of this, affiliates are strongly incentivized to get their recruits to invest into the more expensive packs so that they can earn more money in return.
When an affiliate invests money into one of the above packs, they’re also able to earn a set of vouches to use within the company. Each pack comes with a different amount of vouchers, and these are tradeable among other affiliates within the Sport Social Market system.
This works by affiliates setting a price for a voucher and then another affiliate is able to purchase it from them. What’s worth noting here though is the fact that these vouchers are completely and entirely useless outside of the Sport Social Market compensation plan.
Along with all of this, affiliates can also earn via residual commissions.
Residual commissions are paid out using a binary system, and points are totaled up at the end of each day. Points are generated when packages are invested into, and investing more money into a more expensive package will allow for more points to be generated.
Along with this, more expensive packages increase your earnings cap each day so that you can potentially earn more and more within the company.
What Will It Cost To Join Sport Social Market?
If you’re like to become an affiliate for Sport Social Market, you’ll need to invest into one of the five available packages that I’ve already talked about. This means that you’ll be facing an upfront starting cost between 146.78 EUR and 5242 EUR.
Along with this, affiliates are also required to cover a yearly membership fee of 45 EUR.
Is Sport Social Market A Scam?
If you have heard that Sport Social Market is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is Sport Social Market 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 Sport Social Market Review
So, with all of that information laid out there, what’s the final word on Sport Social Market?
You know those vouchers I previously mentioned? Those essentially act as stock for the company. These stock shares are traded among affiliates within Sport Social Market, and the overall internal supply and available demand dictates just how much these vouchers get traded for.
Sport Social Market is selling the idea that these vouchers are always increasing in value, so you’ll theoretically be able to sell it for a bit more than what you initially paid for it to earn some more cash.
Here’s the thing though. This setup only exists so that affiliates will be more inclined to hand over more and more cash to the folks behind Sport Social Market. There’s no guarantee you’re going to earn anything from these vouchers, resulting in a rather crummy setup.
At the end of the day, Sport Social Market is operating as a rather complicated pyramid recruitment scheme.
As all recruitment schemes go, Sport Social Market will only succeed as long as more and more people join the opportunity. Once these levels die down, so too will the company.
When that happens, Freixa and Moya will make off with most of the cash, leaving everyone else to lose out.
I definitely hope you have found value in my Review of Sport Social Market.
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 Sport Social Market, make sure you take the time to learn how to market yourself!
My training below can help you with that.