The Abundance Network company is one that has reignited the conversation on the legitimacy of pyramid schemes or lack thereof. The purpose of this review is to give a detailed explanation of what the Abundance network is and the pros and cons that come with it. Read further to get a better understanding.
Abundance Network Overview
The Abundance Network does not disclose much information on its website that gives historical background on the company. Nevertheless, it is an MLM company that uses a voicemail and SMS-system that allows people to join, become members and earn commissions by recruiting other people to join and do the same.
The company relies specifically on recruitment in order to make money, which is why it is often referred to as a pyramid scheme. To some extent, the description “Pyramid Scheme” is accurate in this case as there is a reward for generating leads and not just any lead is rewarded, but a qualified lead and no money is made otherwise.
Abundance Network pays 100USD per recruited member, and it is an illegal practice in the US.
What is a qualified lead?
In order for a lead to be defined as a qualified lead, it needs to have a minimum of $200 to start and grow their business. Secondly, they need to be able to dedicate 1-2hours a day to invest in the business. And lastly, they need to have verified their email.
Abundance Network advantages/products
When looking into an MLM company, one of the main things anybody should be analysing is the products and advantages of this Network. Do they sell physical products or financial products? Do the products have a tangible value or are they mostly air?
Once you are able to recognise these dangers you will feel more confident when selling them and with confidence comes success.
Multiple Lead Capture Pages
This is an MLM software which permits you to provide access to the company, modules among other things. As a new member of the company, this is a helpful tool as it is user friendly and saves you from having to acquire other marketing resources.
The Abundance NetworkundefinedCompensation Plan
The company’s compensation plan is quite strong, which is a great advantage to have in mind if you are in it for the short run. They offer 25% commission on direct referrals which can later translate to more earnings as more people join as your direct recruits. Abundance Network gets you paid for both passed up sales and direct ones.
Moreover, one good thing about the company is that when you are having a hard time generating leads due to perhaps your set-up, they help you with some solutions to get you back up again.
Other products & services that Abundance Network has are:
- Professionally written sales letters
- It offers a team of individuals who will close sales on your behalf
- Built-in text message system
- Contact and Lead manager
- Tracking system
- Opportunity vault
One thing that tends to worry potential members from Network Marketing Companies are the fees. As most MLMs try to sell you as much product as possible regardless of whether you can sell it. It does not mean that high fees are a red flag, you just need to make sure that you can lose that money. As in Forex, any type of purchase or investment needs to be paid with comfort.
Do not put the money you need under the assumption you will make it back, that is a very dangerous game and will get you in trouble.
Lead Generator Membership
The membership fee for this level is $50 following a monthly payment of $15 per month. With this membership, every lead that you generate will earn you $0.10.
For this membership, you are required to pay a once-off fee of $200, once you make the payment you are now permitted to recruit other members. If someone you recruit joins as a reseller member, you will be granted $100 to keep and another $50 will be given to your upline who is the master reseller and the other $50 will belong to Jeff Long, the founder of Abundance network.
To be a Master Reseller, one needs to pay a joining fee of $800 and then pay a monthly fee of $97. With this, you get master reseller rights and an upgrade on your membership. This membership also means you get paid more as you will get a cut of your referral’s referrals. So, when you recruit someone and that person upgrades their membership to a master reseller, you will be granted $500 and the rest of the money goes to Jeff Long and or your recruiters.
Abundance Network Customer support
The company has a Facebook group, that you can reach out to if you need any help and if you need further help you can go to your back office for more options. Moreover, in this group, you can actually share and also view other members’ results.
Final Thoughts – Is Abundance Network A Scam?
MLMs are not the same as Pyramid schemes as they are often called, this does not mean they are illegal or bound to fail. An MLM has tends to have a pyramid commission structure, but most companies actually do. What you need to be aware of are Ponzi schemes. They are quite unpredictable especially when it comes to their longevity or lack thereof. Moreover, there is a possibility the MLM will break down and crash perhaps the next day, resulting in a lot of people losing their money, and this is the dreadful thought that sees people referring to them as scams, resulting in bad reputations of most MLM schemes.
The main difference between a Pyramid scheme and an MLM is that Network Marketing makes money from other processes than ONLY from registering new people. They might re-invest those proceeds, they might re-sell products etc. What you need to be aware of is when a "Network Marketing Company" only makes money from the recruiting of new members.
The truth of the matter is, there are people profiting and making money from this, however, most people are not, but that is just the reality of how MLMs work usually. In terms of whether, all things constant, they pay people for their work or not, they actually don’t cut any corners. So, if this is what determines the company being a scam or not, then the Abundance network is probably a scam.
Nevertheless, feel free to make your own conclusions I hope the contents of this article has helped you to do so!