Wealth Start Business Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, Wealth Start Business 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 Wealth Start Business in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for Wealth Start Business.
I wanted to gather all the information about Wealth Start Business in my Wealth Start Business Review in order for you to make a decision about joining Wealth Start Business.
Is Wealth Start Business 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 Wealth Start Business.
Read on to find out what you need to know.
What The Heck Is Wealth Start Business?
Providing background information about your company on the official website for it is one of the most important things that you can do as a business-owner. This allows your customers to see who created your company and who manages it, and is simply a good business practice to follow.
Wealth Start Business must not have gotten this memo, because the company’s official website doesn’t provide any information at all in regards to who owns or runs the company. This isn’t anything new in the MLM world as of late, but it’s still something we’re not fans of seeing.
If we move over to the actual domain name registration for the site, we can see that the registration first took place back on March 25th of 2010. The owner is listed to be that of a Turan Uzunsokakli, and there’s also an address provided for somewhere in North Rhine-Westphalia, Germany. Although it isn’t provided on the website, this is more than likely where Wealth Start Business is being operated out of.
When you go to the Wealth Start Business website and try to sign up as an affiliate without a referral code, Uzunsokakli’s name pops up as the person who referred you. This is a clear indication that he is the owner of the company, and this is also backed up by the fact that their name is tied to the domain registration as well.
While having an idea who’s behind the company is nice, things become bleak once again when we look at Uzunsokakli’s track record when it comes to the MLM world.
Uzunsokakli has had a pretty heavy hand in various pyramid schemes before launching Wealth Start Business, with some of the most notable ones being Magic Seven and 12 Week Millionaire. These companies revolved around paying so much money upfront, recruiting other people to do the same, and then earning money through a never-ending act of this.
What Are The Wealth Start Business Products?
For any company out there, product lines play a very key role in the overall success that a company sees. Product lines might be expensive and complicated to properly set up, but the time and effort that you put into creating them is necessary in order to have one that’s going to be successful and bring you in the cash that you need.
Wealth Start Business has decided to omit a product line from their company, and without a product line, the company doesn’t have any products or services to sell to retail customers. As a result of this, there’s no chance at all for retail sales to take place.
This all boils down to the fact that there isn’t any money coming in from retail sales, so the only funds the company is receiving are investments they’re getting from affiliates. This is a business model that we’ve seen done over and over again, and each time it’s met with some amount of failure.
What About The Compensation Plan For Wealth Start Business?
Moving on to the compensation plan that Wealth Start Business offers, we’re looking at a situation in which affiliates are told that they can “become a millionaire without money out of pocket.”
Is that so?
Wealth Start Business says that this is accomplished by having their affiliates spend “15 minutes per day watching advertising from advertisers globally.”
However, here’s where things get even more interesting.
Instead of paying affiliates directly for watching the advertisements that they’re supplied with, Wealth Start Business pays affiliates based off of how many other affiliates they’ve recruited to join the company’s affiliate program.
These recruitment commissions are organized and paid with a 5 x 4 matrix, and commissions aren’t paid out until all of the 780 positions have been filled so that the matrix is complete.
There are 4 levels that affiliates can earn on within this matrix, but in addition to this, there’s also a section of the compensation plan that is simply given the titled of “activated.”
The “activated’ plan appears to use the same matrix setup as the one we just talked about, but there appear to be monthly fees involved with this. However, there’s no information provided in regards to the monthly fees that are involved with this part of the plan.
What’s The Cost Of Joining Wealth Start Business?
If you’d like to become an affiliate for Wealth Start Business, joining the company is initially free. However, because of that “activated” section of the compensation plan, it would appear that monthly fees do play a part with the membership at some point down the road.
Wealth Start Business doesn’t offer any information in regards to how much these fees cost or when they need to start being paid, and that’s all important information that should be disclosed right away.
So, Is There A Wealth Start Business Scam Going On?
Have you been hearing rumours that Wealth Start Business 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 Wealth Start Business scam going on?
If I am being perfectly honest, Wealth Start Business 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 Wealth Start Business Review And Conclusion!
The goal for Wealth Start Business is to “[C]reate 100 WSB Millionaires until March 2017!’
In addition to his, Wealth Start Business is also advertising that “As a WSB member, you will spend daily 15 minutes only and your task will be watching advertising! If you can click a link, then you are the right person to earn up to $11,912.50 per month from all 4 levels.”
Earning thousands of dollars each month by simply watching 15 minutes of ads every single day might sound like a nice prospect, but the logistics that go behind this whole idea are simply nonexistent.
In addition to these wild claims, the fact that the company isn’t disclosing how much their monthly fees are create for another big area of concern. These fees are obviously used to pay off the affiliates who have the largest downlines within the company, so they’re more than likely going to be quite substantial.
As it stands, Wealth Start Business is simply nothing more than a pyramid scheme. The free membership that’s being offered looks like it caps members are only being able to earn a few hundred dollars every single month, and if you want to increase your earning potential, you’ll have to start paying those monthly fees. These monthly fees are the only funds that the company is getting, and since they’re using those to pay off other affiliates, this then puts Wealth Start Business as a Ponzi scheme as well.
Once recruitment levels die down and folks stop paying their monthly fees, Wealth Start Business will be unable to pay the commissions that they owe to their affiliates. This will then result in a rather immediate collapse throughout the entire company, and the pyramid will them crumble to nothing at all.
I really hope you have gained value from my Wealth Start Business Review.
I wanted to make sure you had all the information you needed, because most other Wealth Start Business reviews are just trying to sell you something.
If you really do decide to join Wealth Start Business, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!