MoneyPoolist Review: 8 levels of cash gifting
There is no information on the MoneyPoolist website indicating who owns or runs the business.
The company’s website domain (moneypoolist.com) was registered on the 17th September 2012, however the domain registration information is set to private.
As always, if a MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The MoneyPoolist Product Line
There are no retailable products or services within the MoneyPoolist income opportunity. Instead, MoneyPoolist members are only able to sell membership to the company itself.
Once members have signed up to the company, they are then able to buy into various membership levels, which in turn qualifies them to earn commissions when their downlines buy into the same levels.
The MoneyPoolist Compensation Plan
The MoneyPoolist compensation plan revolves around affiliates buying into eight membership levels: $5, $10, $20, $40, $80, $160, $320 and $640.
Upon buying into a level, an affiliates upline receives 100% of the buyin and the buying affiliate is then qualified to earn commissions at that level if any of their recruited affiliates buy into the level.
An affiliate must qualify for each level if they wish to earn at that level in sequential order, and the only way for an affiliate to qualify for a level is to buy into it themselves.
Membership to MoneyPoolist is $9.95, with affiliates only able to start earning commissions by buying into the first membership level at an additional $5 cost.
In order to earn maximum commissions within the MoneyPoolist income opportunity, affiliates are looking at a total joining cost of $1284.95.
In breaking down the MoneyPoolist compensation plan, it’s quickly revealed to be nothing more than eight levels of cash gifting using a 1-up style compensation payout.
The cash gifting element of the program is further proven upon inspection of MoneyPoolist’s refund policy, which clearly states that all membership level payments are between company members:
Under the 1-up style compensation structure used, an affiliate’s own buyin at a membership level serves as the passed up “sale”. Any membership upgrades made before an affiliate buys into a level are automatically passed up to their qualified upline.
100% of the membership fees paid out on each membership level by members are paid out to recruiting affiliates, with MoneyPoolist themselves making money via the $9.95 membership fee.
Curiously, MoneyPoolist claim that there are no qualifications required to participate in their cash gifting scheme, then go onto explain that members need to qualify by buying into the scheme:
Sustainability wise members are only buying into the eight membership levels in order to be able to then earn on them. After buying into a level, these members then need to go out and recruit new members in order to earn commissions.
New members are then subjected to the same qualification and recruitment requirements, with the system falling apart once no new members are buying into the scheme.
No cash injections from members into the scheme = no commissions paid out.