SunMoney Network Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, SunMoney Network 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 SunMoney Network in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for SunMoney Network.
I wanted to gather all the information about SunMoney Network in my SunMoney Network Review in order for you to make a decision about joining SunMoney Network.
Is SunMoney Network 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 SunMoney Network.
Read on to find out what you need to know.
What The Heck Is SunMoney Network?
SunMoney Network is the latest company in the MLM world that’s up for my full review, and in this particular case, we’re looking at a company that was created back in 2015 and is based somewhere out of Europe.
The General Manager for SunMoney Network looks to be someone by the name of Toth Levente, but this is the only name mentioned on the company’s site in regards to someone that is involved with the company at a management level.
When doing further research on this name, I was able to find that there’s a lawyer based out of Hungary who features the same exact name, but these two people appear to have no connection whatsoever.
Even with that being the case though, I did find it interesting that Toth (the General Manager for SunMoney Network) has a Doctor of Law (J.D.) according to his profile on LinkedIn. This is nothing more than a simple coincidence between him and the lawyer in Hungary, but it’s peculiar none the less.
In addition to this, Levente appears to own his own tourist apartment company located in Hungary, and he has even been featured as a lecture speaker at the Eotvos Lorand University.
Even with all of this past business history, SunMoney Network looks to be Levente’s first rodeo when it comes to multi-level marketing. He certainly has one of the better backgrounds that I’ve seen, but it would have been nice to have a bit more concrete info.
In any case, here’s just what SunMoney Network is actually bringing to the table.
What Are The SunMoney Network Products?
Unfortunately, any good feelings I had after seeing SunMoney Network’s background info is quickly whisked away once looking at their product line.
Or, should I say the lack thereof?
SunMoney Network is one of the many new MLM companies that I’ve seen that has made the decision to completely omit any sort of product line at all. Instead, affiliates for the company have nothing but the actual affiliate membership itself to market and sell to prospective buyers/investors.
This might not seem like a huge deal to some people, but if you have any basic understanding of business or MLM, you know just how serious of an issue this actually is.
Product lines are expensive and difficult to set up. No doubt about that at all. However, they allow for retail sales to take place. Retail sales are an important component of any company, as it allows for them to take in regular and legitimate revenue that they can then use to pay off members, pay bills, etc.
With no product line in place, the only income SunMoney Network is likely getting is from the investments being made by their affiliates. This is a theme that’s often associated with Ponzi schemes, and although it’s still a bit too early on in the review to determine whether or not that’s what’s taking place here, it wouldn’t be all that surprising if that turned out to be so.
What About The Compensation Plan For SunMoney Network?
Moving on to the compensation plan, SunMoney Network sees that their affiliates invest money into various packages that they have to offer. Each package is tied to a monthly return on investment, and while these packages start out at just 30 EUR, they can go up to as much as 10,000 EUR.
The ROIs that the packages offer are quite absurd, with the Mini Package offering a 150 EUR/month ROI after investing just 30 EUR into the company.
There are 6 total packages available for affiliates to invest money into, and it’s worth noting that 20% of all the revenue an affiliate makes from their ROI needs to be reinvested back into SunMoney Network.
Along with getting a monthly ROI from your own invest, affiliates can also earn money by recruiting other people to join the company.
These recruitment commissions pay affiliates a 10% commission based off of what package their personally recruited affiliate invests in, so there’s then a great incentive to push your recruits to invest into more expensive packages that are available.
As if that wasn’t enough, SunMoney Network also allows affiliates to earn through residual commissions. These payments are organized through a binary structure, and as more and more money is invested into the company, there’s a greater potential to earn here.
Positions in the binary system are filled when new affiliates join the company, and the binary is made for valuable when affiliates invest into higher and more expensive packages.
What’s The Cost Of Joining SunMoney Network?
If you’re interested in joining SunMoney Network, you’ll be required to purchase one of the following packages –
- Mini Package for 30 EUR
- Basic Package for 150 EUR
- Silver Package for 500 EUR
- Gold Package for 1000 EUR
- Platinum Package for 2000 EUR
- VIP Package for 10,000 EUR
The main difference between all of these packages is your earning potential, so investing more money into a more expensive package will result in you being eligible to earn more money as an affiliate.
It’s also worth noting that the Mini Package does not earn any MLM commissions through the binary structure.
So, Is There A SunMoney Network Scam Going On?
Have you been hearing rumours that SunMoney Network 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 SunMoney Network scam going on?
If I am being perfectly honest, SunMoney Network 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 SunMoney Network Review And Conclusion!
The main thing that SunMoney Network is trying to sell is the fact that they’re able to generate money and income through electricity that they sell to companies through the solar panels that they own.
According to the SunMoney Network website, “Money comes from produced electricity of the solar panels, operated by SunMoney community solar plant. SunMoney sells the electricity produced by the solar panels to companies.”
If you put some thought into this though, things quickly begin to fall apart.
First off, SunMoney Network doesn’t actually say which companies are purchasing the electricity.
Secondly, the company appears to be a “marketing partner of Radalko Technologies Ltd.” After doing some research, I was able to find that Radalko Technologies is nothing more than a shell company that’s located somewhere in the United Kingdom.
Thirdly, SunMoney Network is guaranteeing their affiliate that they’ll be able to earn a profit. If the company was actually able to guarantee a profit based off their activities, why would they need to solicit money from affiliates?
None of it makes any real sense, and with all of that said, it doesn’t take long to see that SunMoney Network is nothing more than a Ponzi scheme that exists for the sole purpose of stealing money from their investors.
As with all other Ponzi schemes, SunMoney Network will cease to exist once levels or recruitment and investment die down. When this happens, the company will be unable to pay off existing affiliates, and the majority of people who get involved with this deal will end up losing out in the long haul.
I really hope you have gained value from my SunMoney Network Review.
I wanted to make sure you had all the information you needed, because most other SunMoney Network reviews are just trying to sell you something.
If you really do decide to join SunMoney Network, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!