The Rich Lifestyle Network premiered in Feb 2011 and it is essentially a matrix builder. It uses info products for example books, webinars and videos that educate people how you can manage debt and building wealth techniques which could be offered to customers.
Well the concept behind e-commerce concept is you join like a W.L.N affiliate that is free. Once you register you receive put in a 2×2 “follow me” cycle matrix. This then entitles you to definitely sponsor two individuals that will each will also find 2 others. When your matrix is filled you proceed to the next. You will find four 2×2 matrix levels and they’re Silver, Gold, Platinum and Gemstone. Every time you cycle you receive compensated an added bonus, varying from $200 right through to $1150.
After you have cycled with these four stages after this you get automatic entry in to the Wealth Academy. This really is essentially a 2×15 matrix which is in which the real cash is. Actually, another thing about this clients are just a sales funnel for that more profitable stuff. Here you could have full resale legal rights around the products, providing you with 100% from the profits, and commissions are compensated on sales lower to fifteen levels. Additionally you receive percentages from the global bonus pool. The only real stipulation is the fact that to help keep yourself within the wealth academy you have to make a minimum of 1 product purchase inside a thirty day period.
When you begin within this business, you obtain 1 share for each member who joins Wealthy Lifestyle Network. This share goes for the global bonus pool profits that are produced by retaining 50% from the sales on all products in the first 4 levels. Whenever you transfer to the Wealth Academy this multiplies by 10. Which means that whenever a compensated member activates, you receive 10 x the shares.
The bottom line is, multi-level marketing companies similar to this company do have a very good legitimate business design and in a perfect world it might be a terrific way to earn money. However, 97% of people that enter into Multilevel marketing don’t completely understand it and for that reason, quit before they can start. The sad factor is the fact that programs similar to this will invariably look for opportunists, who hop in one Multilevel marketing biz to a different. Therefore means that it’ll take more time to construct your company than you may think.