Freedom10 Review: Text Cash Network reboot with vouchers
There is no information on the Freedom10 website indicating who owns or runs the business.
The Freedom10 website domain (“freedom10.com”) was registered on the 6th of January 2013, however the domain registration is set to private.
Buried in the source-code of the Freedom10 website however is a link to the domain “textcashnetwork.com”, which is used by affiliates to sign in.
Sharing the same affiliate backend, Text Cash Network initially launched in late 2011 and at the time was headed up by Brett Hudson.
Text Cash Network saw affiliates sign up and in exchange for agreeing to receive text advertisements from company, earned commissions based on how many new affiliates they recruited.
The idea was that advertisers would fund the commissions, but with the only participants being affiliates looking to get paid, not surprisingly the opportunity never really took off.
At some point Text Cash Network rebranded themselves as “True Cash Network”, with Freedom 10 appearing to be a continuation of the “sign up and get paid for receiving text ads” business model.
There is currently no specific information regarding whether Hudson is still involved with the running of the company on the True Cash Network website.
Read on for a full review of the Freedom10 MLM business opportunity.
The Freedom10 Product Line
Freedom10 has no retailable products or services, with affiliates only able to market affiliate membership to the company itself.
Once they’ve signed up, affiliates can then purchase a $10 voucher, which Freedom10 claim ‘will be accepted by up to 10,000 Freedom 10 Vendors in 2013’.
Whether or not that eventuated is unclear.
The Freedom10 Compensation Plan
To receive Freedom 10 Benefits and Revenue Sharing you will need to agree to receive up to 5 text messages daily and sell or purchase a single $10 Freedom 10 Coupon Annually.
The Freedom10 compensation plan is similar to that of Text Cash Network, paying affiliates $1.50 per recruited affiliate down ten levels of recruitment.
Qualification for receiving commissions on recruited affiliates sees them required to opt in to agree to receive 1 to 5 SMS text ads a day.
The coupons the company sells to affiliates are commissionable too, paying out $1 down ten levels of recruitment whenever a coupon is purchased.
Affiliate membership with Freedom10 is free. A $10 voucher purchase is required to qualify for commissions however, with most affiliates likely to purchase the voucher themselves.
Freedom 10 will follow in the steps of Groupon & Living Social and plan to dominate The Coupon/Voucher & Text To Save Market Place.
Whilst the comparisons Freedom10 makes between itself and Groupon might be lofty, there’s nothing inherently wrong with selling $10 vouchers.
The problem arises when an MLM compensation plan is attached, with retail (specifically the lack thereof) being a major issue in Freedom10’s business model.
Affiliates sign up at no cost and then can either sell or purchase a $10 voucher to qualify for commissions. On top of that, they also receive commissions for recruiting other free affiliates and building a downline.
The retail viability of Freedom10’s vouchers, considering all members of Freedom10 are affiliates, is next to zero. And even if there was a retail option, selling a $10 voucher (a discount to a third-party service of product) is not a valid MLM product.
As such you wind up with what is practically guaranteed to be a 100% affiliate-funded venture, with said funds recycled and paid out to affiliates who recruit the most.
Again it would appear that advertisers are expected to foot the bill for the $1.50 a month recruitment commissions – but as with Text Cash Network there’s little to no value inherent to anyone advertising through the SMS network.
Simply put, affiliates wanting to get paid isn’t going to be a target demographic for any legitimate advertiser. I suspect this is reflected in the types of advertisements Freedom10 blast out to their affiliates.
All in all, this idea didn’t catch on with Text Cash Network, didn’t go anywhere when they rebranded as True Cash Network and probably still isn’t going to work as Freedom10.
$10 a year is the outlay here and, pyramid scheme issues aside, it really comes down to how long you can stand have daily SMS advertisements flood your phone.