Pwan Group got here throughout my desk as Pwan Properties.
Hassle is whereas whereas Pwan Properties talked about residence possession, there didn’t look like an precise MLM alternative connect.
Analysis lead me to Pwan Group, which appears to be the precise MLM alternative.
Though it’s possible that curiosity in Pwan Properties is non-existent outdoors of Pwan Group, why precisely the corporate exists is unclear.
Each Pwan Properties and Pwan Group are primarily based out of Nigeria.
Right here’s their respective advertising spiels:
Our firm is PWAN HOMES LIMITED and is an acronym for Property world African Community, Dwelling Possession Made Simple Scheme.
PWAN GROUP PROPERTY ACCESS CLUB (PGPAC) is an umbrella physique of the Pwan Group which is saddled with the duties of planning, recruiting and coaching of potential entrepreneurs utilizing our community advertising mannequin to create an earnings producing means.
Neither firm supplies possession or administration data.
Of the 2, Pwan Properties seems to be meant as a public dealing with website.
Though Pwan Properties has an internet site, poking round reveals web site growth is incomplete (inventory pictures and template textual content, dummy e-mail addresses and many others.).
Pwan Properties’ web site area (“pwanhomes.com”) was first registered in 2012.
The registration was final up to date on August 2019 and lists Marc Austine because the proprietor.
Austine (proper) can be the listed proprietor for Pwan Group’s web site area.
On LinkedIn Austine goes my Marc Austine Onwumere. Onwumere cites himself because the Group Chairman of Pwan Group and Pwan Properties.
In an related ZoomInfo profile, Austine goes by Augustine Ozioma Onwumere.
The ZoomInfo profile reveals Pwan Plus, which seems to be one other irrelevant real-estate angle.
At PWAN PLUS, nothing will get in the way in which of your wants. While you’re seeking to purchase land within the fifth largest metropolis in Africa, Lagos state, Nigeria, whether or not residential or business, we’ll all the time deal with you as our high precedence.
I wasn’t in a position to put collectively an MLM historical past on Onwumere, however a July 2018 puff-piece in eTimes cites him as ‘C.E.O of Buzy web enterprises, Washaholic drycleaner, Oj Marc clothes‘.
Learn on for a full evaluation of Pwan Group’s MLM alternative.
Pwan Group’s Merchandise
Pwan Group has no retailable services or products, with associates solely in a position to market Pwan Group affiliate membership itself.
Pwan Group’s Compensation Plan
Pwan Group associates both enroll as a Classics Accomplice or an Elite Accomplice.
- Classics Accomplice membership is N36,000 (~$99 USD)
- Elite Accomplice membership is N156,000 (~$429 USD)
Commissions are paid when Pwan Group associates recruit new associates.
Pwan Group’s compensation plan references a 5×6 matrix nevertheless it’s unclear past monitoring recruits how the matrix is used.
In any occasion for reference, a 5×6 matrix locations an affiliate on the high of a matrix.
There are six positions on the primary degree of the matrix, with every subsequent degree (as much as 6) housing 5 occasions as many positions because the earlier degree.
E.g. degree 2 of the matrix homes twenty-five positions. Degree three homes 100 and twenty-five and so forth and so forth.
Pwan Properties’ compensation plan ties commissions to recruitment as follows:
- enroll as a Classics Accomplice or Elite Accomplice and recruit 5 associates to qualify as a Senior Accomplice Degree 1
- when 5 of your private recruits qualify at Senior Accomplice Degree 1, you qualify as Senior Accomplice Degree 2
- when 5 of your private recruits qualify at Senior Accomplice Degree 2, you qualify as Staff Supervisor Degree 1
- when 5 of your private recruits qualify at Staff Supervisor Degree 1, you qualify as Staff Supervisor Degree 2
- when 5 of your private recruits qualify at Staff Supervisor Degree 2, you qualify as Staff Director Degree 1
- when 5 of your private recruits qualify at Staff Director Degree 1, you qualify as Staff Director Degree 2
Notice that Elite Accomplice ranks have are designated elite however qualification is identical.
Classics Companions earn N6000 per affiliate they recruit.
Elite Companions earn N6000 per Classics Accomplice they recruit, and N30,000 for every Elite Accomplice.
Each membership tiers even have completely different rank-based bonuses.
Classics Accomplice Rank Bonuses
- qualify at Senior Accomplice Degree 1 and obtain a “goodie bag”
- qualify at Senior Accomplice Degree 2 and obtain an N120,000 recruitment bonus (N180,000 in case you recruit thirty associates at this tier)
- Staff Supervisor Degree 1 has no acknowledged bonuses
- qualify at Staff Supervisor Degree 2 and obtain a “heart begin up mortgage of as much as N1,000,000
- qualify at Staff Director Degree 1 and obtain an N30,000,000 home, N10,000,000 value of furnishings, an all bills paid journey to the UK, South Africa or Dubai for 2 and a brand new automobile value N15,000,000
Elite Accomplice Rank Bonuses
- qualify at Senior Elite Accomplice Degree 1 and obtain a N6000 grocery voucher
- qualify at Senior Elite Accomplice Degree 2 and obtain N600,000 and an N24,000 grocery voucher (N900,000 and an N36,000 voucher in case you recruit thirty associates at this tier)
- qualify at Staff Elite Supervisor Degree 1 and obtain a Go Professional digicam and N60,000 grocery voucher
- qualify at Staff Elite Supervisor Degree 2 and obtain an “SUV value N6 million” and an “Eagle Summit for 2”.
- qualify at Staff Elite Director Degree 1 and obtain N6,000,000, a brand new automobile value N15,000,000 and a home value N18,000,000
- qualify at Staff Elite Director Degree 2 and obtain “a totally indifferent furnished duplex on a full plot of land”, a brand new SUV and an “all expense paid luxurious trip for the entire household”
Upline Bonuses
Pwan Group pays an upline bonus when personally recruited associates qualify on the Staff Supervisor 2 and better ranks as follows:
- personally recruited affiliate qualifies at Staff Supervisor Degree 2 = N60,000 upline bonus
- personally recruited affiliate qualifies at Staff Director Degree 1 = N600,000 upline bonus
Becoming a member of Pwan Group
Pwan Group affiliate membership is obtainable at two price-point tiers:
- Classics Accomplice membership is N36,000 (~$99 USD)
- Elite Accomplice membership is N156,000 (~$429 USD)
Conclusion
The one tie in with actual property Pwan Group has with housing is the bonuses it rewards associates who recruit the biggest downlines.
Whereas I don’t doubt Mark Onwumere’s dedication to housing efforts in Nigeria, the issue is he’s going about it by working a pyramid scheme.
You enroll as a Pwan Group affiliate. You recruit others, they recruit others and as soon as sufficient individuals have been recruited you begin incomes cash and bonuses.
At no level is something marketed to or bought to retail prospects, which means 100% of commissions and bonus rewards are tied to recruitment.
That’s about as primary of a pyramid scheme as you may get.
As with all such schemes, as soon as recruitment tanks so does the chance.
Whereas I can’t inform you the key to housing affordability in Nigeria, what I can inform you is chasing pyramid scheme riches is unlikely to get you wherever.
And on the off-chance it does, know that something you acquire will probably be on the expense of different’s distress.