Success Mastermind offers no info on their web site about who owns or runs the enterprise.
The Success Mastermind web site area (“mysuccessmastermind.com”) was privately registered on September twentieth, 2018.
Though Success Mastermind claims to be ‘operated from Auckland, New Zealand by a bunch of entrepreneurs‘, the supplied company tackle is definitely that of a clothes retailer.
As at all times, if an MLM firm shouldn’t be overtly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
Success Mastermind Merchandise
Success Mastermind has no retailable services or products, with associates solely capable of market Success Mastermind affiliate membership itself.
Success Mastermind affiliate membership offers entry to “thoughts blowing supplies that can provide help to dwell a greater life”.
Associates who make investments additionally obtain adcredits, which can be utilized to show promoting on the Success Mastermind web site.
The Success Mastermind Compensation Plan
Success Mastermind associates make investments funds on the promise of a each day ROI.
- Primary Mastermind – make investments $5 to $495 and obtain a 4.5% each day ROI for 30 days
- Premium Mastermind – make investments $500 to $1995 and obtain a 5.5% each day ROI for 30 days
- VIP Doubler Mastermind – make investments $2000 to $50,000 and obtain a 3.35% each day ROI for 30 days
Success Mastermind pays referral commissions down three ranges of recruitment (unilevel).
Referral commissions are paid as a share of funds invested.
Precise share payouts on every stage are decided by how a lot a Success Mastermind affiliate has themselves invested:
- make investments on the Primary Mastermind tier and obtain 6% on stage 1 (personally recruited associates), 3% on stage 2 and 1% on stage 3
- make investments on the Premium Mastermind tier and obtain 7% on stage 1, 4% on stage 2 and a pair of% on stage 3
- make investments on the VIP Doubler Mastermind tier and obtain 8% on stage 1, 5% on stage 2 and three% on stage 3
Becoming a member of Success Mastermind
Success Mastermind affiliate membership is free, nonetheless an funding of not less than $5 is required to take part within the connected MLM alternative.
Conclusion
Success Mastermind doesn’t present any supply of exterior ROI income, leaving the one verifiable income coming into the corporate being new funding.
Utilizing new funding to pay present associates a each day ROI makes Success Mastermind a Ponzi scheme…
…which makes claims like this on the Success Mastermind web site totally laughable:
We’ve excessive normal of operation and would positively preserve MySuccessMastermind operating lengthy sufficient to assist a million folks earn $1,000,000 every
The one individuals who generate profits in a Ponzi scheme are the proprietor(s) and early buyers.
This comes at the price of everybody else, who mathematically is assured to lose cash (Ponzi math is zero sum).
Success Mastermind will wind up no totally different. As soon as recruitment slows there’s no cash to pay buyers with, and from there it’s a downward spiral towards collapse.