Vibe Direct is a ridesharing and wi-fi low cost MLM firm that launched earlier this yr.
Right here’s the way it’s gone to date:
As above, Vibe Direct launched and went nowhere for many of this yr. Proper now although there’s renewed curiosity within the firm. You’ll be able to see this in that blue line that got here out of nowhere within the chart above.
This coincides with a ridesharing and wi-fi service launch announcement by iBuumerang proprietor Holton Buggs.
Buggs’ made the bulletins at an early September iBuumerang convention.
Named “buummobile” and “Vide Journey”, the 2 choices seem like renamed Vibe Direct providers.
The odd factor is that after a month and a half although, there’s no point out of buummobile or Vibe Journey on iBuumerang’s web site.
And stranger nonetheless is Vibe Direct’s web site nonetheless being up and accepting signups. Is the corporate nonetheless working? Is it now owned by iBuumerang – what’s occurring?
Exterior of Bugg’s September presentation, iBuumerang haven’t revealed any info on their relationship with Vibe Direct.
Vibe Direct in flip haven’t addressed their relationship with iBuumerang wherever.
The corporate’s official Fb web page hasn’t been up to date since July. Each Vibe Direct’s company weblog and firm web site newsroom haven’t been up to date since Could.
The one reference to the buyout I used to be capable of finding is that this mid September Fb publish from a (former?) Vibe Direct affiliate.
All of that is actually unusual. And including to the confusion you’ve then received iBuumerang associates advertising and marketing Vibe Journey as an funding alternative:
Contemplating buummobile and Vibe Journey are already being actively marketed by iBuumerang associates, maybe a bit transparency wouldn’t go astray?
Failing which there’s maybe a “horse earlier than the cart” advertising and marketing lesson right here for different MLM firms to be taught from.
Replace twelfth October 2019 – Obtained some extra info suggesting Vibe Direct flopped as a result of it couldn’t compete with Lyft and Uber.
The one profit derived from utilizing Vibe Direct was that your driver (probably somebody you knew) made a couple of {dollars}.
Vibe Direct’s different providers (wi-fi and many others.) fizzled as a result of distributors pulled out or the corporate couldn’t sustain with service provider charges.
Additionally not serving to was Vibe Direct tech employees purportedly overpaying themselves.
Traders ultimately pulled out, purportedly amid issues of profitability (each Uber and Lyft function at a loss).
iBuumerang has certainly bought Vibe, though on the time the app wasn’t working. Apparently Buggs’ didn’t know this on the time of acquisition, therefore the radio silence.
Vibe Direct did not notify its associates the corporate had collapsed. No one was instructed the corporate had been offered to iBuumerang both.
Take that as you’ll. It’s not official info as a result of thus far there hasn’t been any from both Vibe Direct, its’ former administration or iBuumerang.