FollowFunding offers no data on their web site about who owns or runs the enterprise.
FollowFunding’s web site area (“followfunding.com”) was first registered on October thirty first, 2018. The registration was final up to date on October 14th, 2019.
Listed as proprietor of the area is Eric Bechtold, via a residential deal with in Florida.
On LinkedIn Bechtold (under) identifies himself as Comply with Funding’s President.
Again in 2012 Bechtold was selling Lightyear Wi-fi.
In 2016 a remark left on Ethan Vanderbuilt’s weblog linked him to Push Button Income.
Push Button Income was a pay to play lead technology opp.
In 2018 Bechtold was selling 8 Determine Dream Way of life via his Our Wealth Secret funnel.
8 Determine Dream Way of life was a gifting scheme. Earlier this 12 months the FTC sued 8 Determine Dream Way of life’s house owners for telemarketing fraud.
Learn on for a full overview of FollowFunding’s MLM alternative.
FollowFunding’s Merchandise
FollowFunding has no retailable services or products, with associates solely in a position to market FollowFunding affiliate membership itself.
FollowFunding’s Compensation Plan
FollowFunding associates arrange gifting campaigns, that are known as “dreamscapes”.
Recruited associates reward quantities to those campaigns, of which 50% is saved by the recruiting affiliate.
The opposite 50% is paid upline, in what seems to be a three-way break up.
If a gifting fee is massive sufficient, funds spillover past three ranges – specifics aren’t supplied.
In any occasion, via what seems to be a unilevel crew, FollowFunding tracks and distributes gifting funds throughout a number of ranges.
Becoming a member of FollowFunding
FollowFunding affiliate membership is free.
Participation within the connected revenue alternative nonetheless requires a gifting fee.
FollowFunding don’t specify a minimal gifting quantity on their web site.
Conclusion
FollowFunding is your typical MLM gifting rip-off, whereby “donations” and crowdfunding” are misappropriated to advertise fraud.
When making a donation on the FollowFunding proprietary crowd funding platform, you’re not simply making a donation to fund one particular person’s dream, venture, invention or trigger as you’d be on all different mainstream crowd funding platforms.
In a official crowdfunding platform, donations are made with no strings connected.
In gifting schemes like FollowFunding, funds made to current members qualify payees to obtain funds from subsequently recruited members.
This doesn’t occur in official crowdfunding platforms.
Gifting schemes share the identical recruitment dependency as pyramid schemes, which means as soon as recruitment slows down they collapse.
Math dictates that when a gifting scheme like FollowFunding inevitably collapses, nearly all of members lose cash.
As per FollowFunding’s web site this might need already occurred.
Though FollowFunding’s web site is on-line, guests to the positioning are suggested
FollowFunding.com is at the moment offline, updating our person expertise.
We can be LIVE quickly, so please test again shortly!
Whether or not this has something to do with the FTC’s ongoing lawsuit in opposition to 8 Determine Dream Way of life is unclear.