iThrive Neighborhood gives no information on their website online about who owns or runs the enterprise.
The iThrive Neighborhood website online space (“ithrivenetwork.web”) was privately registered on June 4th, 2018.
From what I can accumulate iThrive Neighborhood is a reboot of the collapsed iPro Neighborhood scheme.
iPro Neighborhood launched in early 2017 and was related to the ProCurrency altcoin (PROC).
iPro Neighborhood offloaded pre-generated PROC onto its associates, on the usual ensures of riches.
On the MLM side of points, iPro Neighborhood paid commissions on recruitment of latest affiliate consumers.
In true MLM altcoin development PROC pumped upon its preliminary itemizing in late April 2017. PROC peaked at an all time extreme of 35 cents in direction of mid July.
This was adopted by a sharp decline beginning August, with PROC presently shopping for and promoting at .06 cents (that’s 0.06 exact cents, not 6 cents).
By mid 2018 iPro Neighborhood itself had collapsed. In a decided bid to keep up the company going the affiliation was PROC was abandoned (typical MLM altcoin exit-scam).
It was spherical this time that iThrive Neighborhood was launched.
Remember that although iPro Neighborhood has been abandoned, for some trigger the company’s website online continues to be up.
In our March 2017 iPro Neighborhood consider we well-known Armando Contreras cited as CEO of the company.
Primarily based totally on the dearth of verifiable information provided on Contreras, we weren’t constructive he actually existed.
We’re nonetheless not sure and iThrive Neighborhood’s website online being devoid of presidency information doesn’t encourage confidence.
A video titled “iThrive Launch Exchange 7-28-2018” was uploaded to the official iPro Neighborhood Vimeo channel on July thirtieth, 2018.
Throughout the video Daniel Pacheco (correct) is acknowledged as “the president of the company”.
On his personal Fb profile, Pacheco identifies himself as “President (group) at iProNetwork”.
Pacheco appears to have been involved with iPro Neighborhood each from launch or from very early on.
Earlier to iPro Neighborhood and iThrive Neighborhood, Pacheco was promoting the Lucrazon Worldwide Ponzi scheme:
As on a regular basis, if an MLM agency is simply not overtly upfront about who’s working or owns it, suppose prolonged and laborious about turning into a member of and/or handing over any money.
iThrive Neighborhood Merchandise
There aren’t any retailable providers or merchandise listed on iThrive Neighborhood’s website online.
iThrive Neighborhood affiliate membership gives entry to the subsequent course packages:
- Fb mastery teaching
- Amazon dropshipping course
- cryptocurrency shopping for and promoting platform
- e-commerce mastery
iThrive Neighborhood Compensation Plan
iThrive Neighborhood associates be part of $50 after which spend $100 to $6000 on packages.
- Main – $100
- Intermediate – $500
- Accelerated – $2000
- Superior – $3000
- eTrader – $5000
- Expert – $6000
Commissions are paid iThrive Neighborhood associates recruit new associates who do the equivalent.
iThrive Neighborhood Affiliate Ranks
There are six ranks contained in the iThrive Neighborhood compensation plan.
Along with their respective qualification requirements they’re as follows:
- Senior Advertising and marketing advisor – generate 5000 GV in bundle purchase amount
- Authorities Advertising and marketing advisor – generate 30,000 GV in bundle purchase amount
- Director – generate 100,000 GV in bundle purchase amount
- Senior Director – generate 400,000 GV in bundle purchase amount
- Authorities Director – not provided
- Senior Vice President – not provided
PV stands for “Personal Amount” and is product sales amount generated by bundle purchases.
GV stands for “Group Amount” and is PV generated by an iThrive Neighborhood affiliate and their downline.
Remember that no more than 40% of required GV can come from anyone unilevel group leg.
Moreover phrase that iThrive Rank affiliate rank items the subsequent worldwide price and bonus caps:
- Senior Consultants can earn as a lot as $3000 in full commissions and bonuses per week
- Authorities Consultants can earn as a lot as $10,000 in full commissions and bonuses per week (per binary place)
- Directors can earn as a lot as $15,000 in full commissions and bonuses per week (further $12,500 per further binary place)
- Senior Directors can earn as a lot as $50,000 in full commissions and bonuses per week (further $12,500 per further binary place)
Recruitment Commissions
iThrive Neighborhood associates earn 10% on packages purchased by personally recruited associates.
Recruitment Bonus
iThrive Neighborhood associates earn a one-time $400 bonus if your complete following three conditions are met:
- they’ve purchased a Main or bigger bundle;
- they’ve recruited not lower than two associates who’ve each moreover purchased a Main or bigger bundle; and
- not lower than one amongst their personally recruited associates has recruited an affiliate who has moreover purchased not lower than a Main bundle.
Residual Commissions
iThrive Neighborhood pays residual commissions by the use of a binary compensation development.
A binary compensation development places an affiliate on the excessive of a binary group, break up into two sides (left and correct):
The first stage of the binary group properties two positions. The second stage of the binary group is generated by splitting these first two positions into one different two positions each (4 positions).
Subsequent ranges of the binary group are generated as required, with each new stage housing twice as many positions as a result of the sooner stage.
Positions inside the binary group are crammed by the use of direct and indirect recruitment of associates. Remember there is not a prohibit to how deep a binary group can develop.
Residual commissions are paid based totally on bundle purchases tallied up on both aspect of the binary group.
On the end of each week, iThrive Neighborhood tallies up new bundle purchase amount.
Associates are paid 10% of amount generated on their weaker binary side.
Leftover amount on the stronger binary group side then carries over into the subsequent week.
Remember that how so much an iThrive Neighborhood affiliate can earn in weekly residual commissions is capped based totally on which bundle they’ve purchased:
- Main associates can earn as a lot as $500
- Intermediate associates can earn as a lot as $2500
- Accelerated associates can earn as a lot as $7500
- Superior associates can earn as a lot as $12,500
- eTrader associates can earn as a lot as $7500
- Expert associates can earn as a lot as $35,000
Additional Binary Workforce Positions
iThrive Neighborhood associates are ready to earn on as a lot as seven binary group positions:
- Authorities Consultants who’ve purchased the Intermediate or the subsequent bundle get hold of two further binary group positions
- Senior Directors and higher who’ve purchased the Expert bundle get hold of six further binary group positions
Additional binary group positions are stacked and efficiently allow an iThrive Neighborhood affiliate to earn numerous events on generated binary group amount.
Matching Bonus
iThrive Neighborhood pays a Matching Bonus on downline residual price earnings.
The Matching Bonus is paid out by the use of a unilevel compensation development.
A unilevel compensation development places an affiliate on the excessive of a unilevel group, with every personally recruited affiliate positioned instantly beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the distinctive affiliate’s unilevel group.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite number of ranges.
iThrive Neighborhood caps the Matching Bonus at seven ranges.
Matching Bonus percentages all through these seven unilevel group ranges are as follows:
- ranges 1 to 5 – 10%
- ranges 6 and 7 – 5%
Remember that further qualification requirements determines what variety of Matching Bonus ranges an iThrive Neighborhood affiliate qualifies for:
- accumulate 10,000 PV in downline amount = 10% match on stage 1 (personally recruited associates)
- accumulate 20,000 PV in downline amount = 10% match on ranges 1 and a pair of
- accumulate 30,000 PV in downline amount = 10% match on ranges 1 to 3
- accumulate 40,000 PV in downline amount = 10% match on ranges 1 to 4
- accumulate 50,000 PV in downline amount = 10% match on ranges 1 to 5
- accumulate 60,000 PV in downline amount = 10% match on ranges 1 to 5 and 5% on stage 6
- accumulate 70,000 PV in downline amount = 10% match on ranges 1 to 5 and 5% on ranges 6 and 7
PV stands for “Personal Amount” and is product sales amount generated by the use of bundle purchases.
As far as I can inform the iThrive Neighborhood compensation plan weights $1 spent on packages to 1 PV.
Remember that for the goal of Matching Bonus qualification, no more than 40% of required PV can come from anyone unilevel group leg.
Administration Bonus
iThrive Neighborhood associates can earn a bonus proportion on product sales amount generated by personally recruited associates.
- Authorities Consultants get hold of 1% of product sales amount generated by recruited Consultants and Senior Consultants
- Directors get hold of 1.5% on product sales amount generated by Consultants and Senior Consultants and 0.5% on Authorities Consultants
- Senior Directors get hold of 2% on product sales amount generated by Consultants and Senior Consultants, 1% on Authorities Consultants and 0.5% on Directors
- Authorities Directors get hold of 2.5% on product sales amount generated by Consultants and Senior Consultants, 1.5% on Authorities Consultants, 1% on Directors and 0.5% on Senior Directors
- Senior Vice Presidents get hold of 3% on Consultants and Senior Consultants, 2% on Authorities Consultants, 1.5% on Directors, 1% on Senior Directors and 0.5% on Authorities Directors
Turning into a member of iThrive Neighborhood
iThrive Neighborhood affiliate membership is $50 yearly plus the acquisition of not lower than one bundle:
- Main – $100
- Intermediate – $500
- Accelerated – $2000
- Superior – $3000
- eTrader – $5000
- Expert – $6000
The primary distinction between the above packages is earnings potential by the use of the iThrive Neighborhood compensation plan.
Conclusion
Having stolen as so much from consumers they’re going to as an MLM cryptocurrency agency, iPro Neighborhood has pivoted into “coaching, property, teaching & devices”.
That’s principally all iThrive Neighborhood is.
Retail is talked about inside the iThrive Neighborhood compensation plan, nevertheless let’s be honest – there’s utterly zero retail focus contained in the agency.
That’s mirrored by your complete lack of product information provided on the iThrive Neighborhood website online, along with most of the compensation plan geared in direction of recruitment.
You pay your $50, purchase packages to increase your earnings potential after which earn earnings by recruited others who do the equivalent.
People you’ve recruited do the equivalent, of us they’ve recruited do the equivalent and your earnings grows.
Or to simply iThrive Neighborhood even further – what was a Ponzi is now a pyramid.
With a ton of salty consumers having misplaced money in iPro Neighborhood’s PROC pump and dump, the chances of iThrive Neighborhood going wherever are slim.
Those who made money in iPro Neighborhood will do their best to encourage these underneath them to pony up as soon as extra.
Previous that though the enchantment of generic “we would like one factor to justify you depositing money” promoting and advertising and marketing packages is proscribed.
As quickly as those that observe from iPro Neighborhood have paid up and what little new recruitment train there could also be dies down, iThrive Neighborhood will as soon as extra collapse.
As with Ponzi schemes, when a pyramid scheme collapses practically all of people lose money.