Holton Buggs ditches coffee for travel


iBuumerang prelaunched as Countdown4Freedom final month.

In our prelaunch evaluate, we ascertained Countdown4Freedom operates within the MLM journey area of interest. The corporate was headed up by Holton Buggs (advertising and marketing) and David Manning (journey).

Nothing on this regard has modified with iBuumerang’s official launch.

Holton Buggs (proper) is cited as iBuumerang’s Chairman and CEO. David Manning is cited as CEO and President of Xstream Journey, iBuumerang’s journey providers supplier.

Holton Buggs is greatest identified throughout the MLM business as Organo Gold’s Chief Visionary Officer.

Someday over the previous month Organo Gold has scrubbed Buggs from their company management web page.

So far as I’m conscious, neither Organo Gold or Buggs has issued a public assertion concerning his obvious departure.

Late final yr it emerged that Buggs was selling the IQ Chain Ponzi scheme.

Formally Buggs was credited as a “strategic advisor”, however it was fairly clear he’d taken over all advertising and marketing for the corporate (specifics had been by no means publicly disclosed).

In December IQ Chain collapsed and was rebranded as IQ Legacy.

Alexa rating for the IQ Legacy web site present a whole collapse from late January.

Buggs appears to have taken no matter he was paid and quietly left the corporate. Once more, the specifics of Buggs’ relationship with IQ Chain and IQ Legacy had been by no means publicly disclosed.

Learn on for a full evaluate of the iBuumerang MLM alternative.

iBuumerang Merchandise

iBuumerang gives entry to a journey low cost engine they’re calling “iGo”.

iGo is powered by David Manning’s XStream Journey firm.

iGo is marketed as a “journey reserving platform with as much as 70% off of retail costs”. It’s also backed by a 110% “refund of the distinction” worth assure on  motels, vehicles and weekly stays.

iGo isn’t out there with out iBuumerang membership, though examples of “pricing of precise searches on the reserving platform” are supplied.

iBuumerang associates present retail prospects with “boomerangs” to entry iGo.

A boomerang is principally a login for the iGo reserving engine. Any commissions generated via a given out boomerang are tied to the referring affiliate.

Boomerangs supplied to iBuumerang associates are primarily based on how a lot cash they spent after they signed up:

  • Standby associates ($49.95 a month) obtain 5 boomerangs to provide out
  • Coach Class associates ($250 + $49.95 a month) obtain ten boomerangs to provide out
  • Enterprise Class associates ($500 + $99 a month) obtain twenty-five boomerangs to provide out
  • First Class associates ($1000 + $99 a month) obtain fifty boomerangs to provide out

If an affiliate runs out of boomerangs, they should buy extra.

The price of boomerangs will not be disclosed on iBuumerang’s web site.

The iBuumerang Compensation Plan

Regardless of being nicely out of prelaunch, iBuumerang solely current a “prelaunch quick begin compensation plan” on their web site.

Even when iBuumerang was in prelaunch as Countdown4Freedom the entire compensation plan was supplied, so I’m unsure why it isn’t out there.

Nonetheless I’ve reproduced our Countdown4Freedom compensation break down under.

I did seek for a presumably up to date iBuumerang compensation plan however got here up clean.

iBuumerang’s compensation plan combines commissions on journey providers booked by retail prospects, with binary and unilevel residual commissions.

A generational bonus, management bonus and life-style bonus are additionally out there.

iBuumerang Affiliate Ranks

There are fourteen affiliate ranks inside iBuumerang’s compensation plan.

Together with their respective qualification standards, they’re as follows:

  • TSA – join as an iBuumerang affiliate and proceed to pay charges
  • Director – generate 2500 PV and/or GV a month in gross sales quantity and generate and keep at the least 5 boomerang prospects
  • Government – generate 5000 PV and/or GV a month in gross sales quantity and keep at the least 5 boomerang prospects
  • Senior Government – generate 10,000 PV and/or GV a month in gross sales quantity and keep at the least 5 boomerang prospects
  • Sapphire – generate 15,000 GV a month in gross sales quantity or have a downline of at the least 100 TSAs, and generate and keep at the least ten boomerang prospects
  • Ruby – generate 40,000 GV a month in gross sales quantity or have a downline of at the least 200 TSAs, and keep at the least ten boomerang prospects
  • Emerald – generate 80,000 GV a month in gross sales quantity or have a downline of at the least 400 TSAs, and keep at the least ten boomerang prospects
  • Diamond – generate 200,000 GV a month in gross sales quantity or have a downline of at the least 1000 TSAs, and keep at the least twenty boomerang prospects
  • Blue Diamond – generate 500,000 GV a month in gross sales quantity or have a downline of at the least 2500 TSAs, and keep at the least twenty boomerang prospects
  • Black Diamond – generate 1,000,000 GV a month in gross sales quantity or generate and keep a downline of at the least 5000 TSAs, and keep at the least twenty boomerang prospects
  • Presidential Diamond – generate 2,000,000 GV a month in gross sales quantity or generate and keep a downline of at the least 10,000 TSAs, and keep at the least twenty boomerang prospects
  • Crown Diamond – generate 5,000,000 GV a month in gross sales quantity or generate and keep a downline of at the least 25,000 TSAs, and keep at the least twenty boomerang prospects
  • Double Crown Diamond – generate 7,000,000 GV a month in gross sales quantity or generate and keep a downline of at the least 35,000 TSAs, and keep at the least twenty boomerang prospects
  • Triple Crown Diamond – generate 10,000,000 GV a month in gross sales quantity or generate and keep a downline of at the least 50,000 TSAs, and keep at the least twenty boomerang prospects

PV stands for “Private Quantity” and is journey associated gross sales quantity generated by an affiliate.

GV stands for “Group Quantity” and gross sales quantity generated by way of journey bookings and affiliate membership price funds.

To ensure that a boomerang buyer to depend in the direction of qualification, they will need to have booked journey or a service inside that month.

For the Director to Senior Government ranks, not more than 50% of required GV or downline TSAs could be sourced from anybody recruitment leg.

For the Sapphire to Diamond ranks, not more than 40% of required GV or downline TSAs could be sourced from anybody unilevel leg.

For the Blue Diamond to Presidential Diamond ranks, not more than 30% of required GV or downline TSAs could be sourced from anybody unilevel leg.

For the Crown Diamond to Triple Crown Diamond ranks, not more than 20% of required GV or downline TSAs could be sourced from anybody unilevel leg.

Journey Commissions

iBuumerang solely gives retail prospects a 50% low cost.

The remaining 50% is paid by the retail buyer and used to fund journey commissions.

E.g. Journey A prices $300 however is obtainable via iGo at $200.

iBuumerang let’s associates e book Journey A for $200 however expenses retail prospects $250 (50% low cost).

The $50 additional paid by the retail buyer is used to fund journey commissions.

The iBuumerang affiliate who referred the retail buyer receives as much as 50% of the 50% stored by the corporate.

  • Standby and Coach Class associates obtain 12.5% of the 50% of the 50%
  • Enterprise and First Class associates obtain 100% of the 50% of the 50%

Within the Journey A instance above, Enterprise Class and First Class associates obtain 100% of fifty% of the $50 stored by iBuumerang.

So the journey fee paid to the referring affiliate on Journey A is $25 (50% of $50).

Standby and Coach Class associates would solely obtain $6.25.

iBuumerang retains 15% and places the remainder into their compensation plan.

Recruitment Commissions

iBuumerang associates are paid a recruitment fee after they recruit Coach Class or larger associates.

  • recruit a Coach Class affiliate and receives a commission $20
  • recruit a Enterprise Class affiliate and receives a commission $40
  • recruit a First Class affiliate and receives a commission $80

Residual Commissions (binary)

A binary compensation construction locations an affiliate on the high of a binary group, break up into two sides (left and proper):

The primary degree of the binary group homes two positions. The second degree of the binary group is generated by splitting these first two positions into one other two positions every (4 positions).

Subsequent ranges of the binary group are generated as required, with every new degree housing twice as many positions because the earlier degree.

Positions within the binary group are stuffed by way of direct and oblique recruitment of associates. Notice there is no such thing as a restrict to how deep a binary group can develop.

Binary residual fee quantity is made up of booked journey and affiliate charges (each preliminary and month-to-month).

On the finish of every week iBuumerang tallies up new quantity on each side of the binary group.

A residual fee is then paid on quantity generated on the weaker aspect.

How a lot a iBuumerang affiliate can earn every week in residual commissions is capped primarily based on rank:

  • TSAs can earn as much as $1000 every week (10% residual fee price)
  • Administrators can earn as much as $1500 every week (12% residual fee price)
  • Executives can earn as much as $2000 every week (12% residual fee price)
  • Senior Executives can earn as much as $2500 every week (12% residual fee price)
  • Sapphires can earn as much as $3000 every week (15% residual fee price)
  • Rubies can earn as much as $5000 every week (16% residual fee price)
  • Emeralds can earn as much as $10,000 every week (17% residual fee price)
  • Diamonds can earn as much as $20,000 every week (18% residual fee price)
  • Blue Diamonds can earn as much as $30,000 every week (19% residual fee price)
  • Black Diamonds can earn as much as $50,000 every week (20% residual fee price)
  • Presidential Diamonds can earn as much as $100,000 every week (20% residual fee price)
  • Crown Diamonds can earn as much as $150,000 every week (20% residual fee price)
  • Double Crown Diamonds can earn as much as $200,000 every week (20% residual fee price)
  • Triple Crown Diamonds can earn as much as $250,000 every week (20% residual fee price)

Notice that residual fee charges are additionally outlined primarily based on iBuumerang affiliate membership:

I’m unclear on whether or not these are obtainable caps (i.e. solely First Class associates can earn as much as 20% primarily based on rank), or whether or not these are purchased residual fee charges (no matter rank).

Residual Commissions (unilevel)

A unilevel compensation construction locations an affiliate on the high of a unilevel group, with each personally recruited affiliate positioned immediately underneath them (degree 1):

If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel group.

If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.

Unilevel residual fee quantity is made up of booked journey and affiliate charges (each preliminary and month-to-month).

What number of ranges of residual unilevel commissions a iBuumerang affiliate earns is set by rank:

  • TSA – 10% on degree 1 (personally recruited associates)
  • Director and Senior Director – 10% on ranges 1 and a pair of
  • Government – 10% on ranges 1 to three
  • Sapphire – 10% on ranges 1 to three and eight% on degree 4
  • Ruby – 10% on ranges 1 to three, 8% on degree 4 and seven% on degree 5
  • Emerald – 10% on ranges 1 to three, 8% on degree 4, 7% on degree 5 and 6% on degree 6
  • Diamond and better – 10% on ranges 1 to three, 8% on degree 4, 7% on degree 5, 6% on degree 6 and 5% on degree 7

Management Growth Bonus

The Management Growth Bonus is a era bonus, paid on as much as 4 generations of residual quantity per unilevel group leg.

iBuumerang outline a era in a unilevel group leg when a Sapphire or larger ranked affiliate is discovered within the leg.

This primary Sapphire begins the primary era for that leg.

If a second Sapphire exists deeper within the leg, they cap off the primary era and a second begins underneath them.

If no second Sapphire exists within the leg, the primary era runs your complete size of the leg.

Utilizing this generational construction, iBuumerang pays the Management Growth Bonus on as much as 4 generations per unilevel group leg.

  • Sapphires earn 2% on as much as one era per leg
  • Rubies earn 3% on as much as two generations per leg
  • Emeralds earn 4% on as much as three generations per leg
  • Diamonds and better earn 5% on as much as 4 generations per leg

Life-style Bonus Pool

iBuumerang’s compensation plan refers to a Life-style Bonus Pool however fails to offer any particulars on it.

Becoming a member of iBuumerang

iBuumerang affiliate prices will not be supplied on the corporate’s web site.

Except I hear in any other case, I’m assuming affiliate membership prices stay unchanged for the reason that Countdown4Freedom prelaunch.

Fundamental iBuumerang affiliate membership is $49.95 a month.

There are additionally costlier International Packages out there:

  • Coach Class  – $250 + $49.95 a month
  • Enterprise Class – $500 + $99 a month
  • First Class – $1000 + $99 a month

The extra an affiliate spends the upper their fee charges in iBuumerang’s compensation plan.

Conclusion

As I acknowledged in our Countdown4Freedom conclusion, iBuumerang’s enterprise mannequin hinges on retail buyer ignorance.

As a retail buyer, I’ve no drawback with a proportion of what I pay getting used to pay a fee (MLM or non-MLM).

In iBuumerang nevertheless, retail prospects are slugged with what is basically a fee price.

To recap, iBuumerang is ready to promote Journey A for $100, down from $200. And that’s what they cost their associates.

A retail buyer is slugged with a $50 extra price, simply to pay commissions with.

This appears like a wholesale/retail pricing mannequin however really isn’t.

The retail/wholesale pricing of Journey A is between iBuumerang and Xstream Journey.

iBuumerang then present Journey A to their associates at retail, and cost retail prospects a further price.

Holton Buggs claims as a result of iBuumerang prospects are nonetheless getting a superb deal regardless of the price, they received’t care.

I put forth that in the event you requested any buyer of something whether or not they’d choose to pay much less, you’re greater than more likely to obtain an affirmative response.

The crux is whether or not iBuumerang’s fee price nonetheless makes them aggressive.

Clearly Buggs and David Manning can have finished their homework on this, however proof is within the pie so to talk.

If iGo goes face to face with a competing journey engine at the same price-point, it’s going to lose out due to that price.

Once more, what it comes right down to is retail buyer ignorance. Which, to be honest, is actually not restricted to iBuumerang or the MLM journey area of interest.

If you happen to plan to e book sufficient journey to cowl the preliminary price, one may simply as simply join iBuumerang for $49.95 and never should pay the fee price.

Relating to the iBuumerang’s “boomerang” enterprise mannequin, my ideas stay unchanged from Countdown4Freedom;

The boomerang shtick … creates the impression iBuumerang associates are doing retail prospects favors.

On some degree I suppose they’re, given associates pay for boomerangs each initially and once more after they run out.

With boomerangs solely offering entry to the iGo engine although, it does beg the query what they’re really value.

Why undergo iBuumerang’s convoluted boomerang system after I can simply e book the identical journey via one in every of Xstream Journey’s different shoppers?

The pay to play and recruitment purple flags current in Countdown4Freedom don’t seem to have been addressed.

It’s inexcusable that journey fee charges are decided by affiliate price funds. Residual binary fee charges additionally seem like decided on some degree by price funds.

Additionally the extra I pay as an affiliate means the extra low cost classes I can provide my retail prospects? What’s up with that???

Pay to play is a regulatory compliance purple flag, because it usually exists in MLM corporations the place recruitment is prioritized over retail gross sales.

There are already retail buyer qualifiers in iBuumerang’s ranks, so why not simply tie fee price will increase to rank?

Oh proper, then there’d be no justification for charging extra for Enterprise and First Class – apart from boomerangs.

For now although, iBuumerang appears to be on high of its retail buyer depend.

Earlier this month Ted Nuyten over at BusinessForHome printed a 24,000 iBuumerang buyer depend, weighed towards “simply shy of 20,000” associates.

Sounds good however what’s lacking is income era.

With iBuumerang associates handing out boomerangs to retail prospects, I assume these prospects are counted no matter whether or not journey is booked.

iBuumerang can seem like retail buyer heavy, but when journey is primarily booked by associates then there’s nonetheless an issue.

The excellent news it that the boomerangs made it simple so that you can consider the journey aspect of iBuumerang with no obligation (different maybe than some persistent cellphone calls/emails from the supply affiliate).

Get a boomerang, try iGo and make an trustworthy analysis of whether or not the journey aspect of iBuumerang is retail viable (for this it’s worthwhile to utterly disregard the connected MLM alternative and suppose like a retail buyer).

If you happen to can see your self reserving journey via iBuumerang as a retail buyer (higher but, really e book journey and do a correct take a look at of the system), go for it.

Simply bear in mind handing out boomerangs as an iBuumerang affiliate is all very nicely, however these you hand them out to wish to really e book journey.

Oh and seeing as boomerangs are restricted and an ongoing affiliate price, make sure you ask how a lot you’ll be paying for them as soon as your preliminary bundle runs out.

Good luck!