iFunding Connect Review: $25 a month cash gifting
According to the iFunding Connect website, the company was
was established in November 2014 by Cedric McGregor.
Cedric sought to create a unique, effective and proven shared platform where crowdfunders could thrive.
Despite this claim, the iFunding Connect website domain was only registered on the 7th of December 2014.
Furthermore promotion of iFunding Connect only began about a fortnight ago, with corporate iFunding Connect marketing videos going live on September 18th.
iFunding Connect claim to be based out of the US state of Georgia, with McGregor’s LinkedIn profile listing him as the owner of BetterLife Solutions.
According to Georgia state records, BetterLife Solutions was dissolved in 2012.
As per a capture page circa 2013, McGregor was promoting Big Idea Mastermind, which at the time was hitched to the Empower Network.
Read on for a full review of the iFunding Connect MLM business opportunity.
The iFunding Connect Product Line
iFunding Connect has no retailable products or services, with affiliates only able to market iFunding Connect affiliate membership itself.
The iFunding Connect Compensation Plan
The iFunding Connect compensation plan sees affiliates gift $25 to each other every month.
These payments are tracked through a perpetual 1-up compensation structure, tracked via a unilevel.
A 1-up compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any of these level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.
If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.
The gist of the commission payouts is that newly recruited affiliates are placed into a unilevel team, with $25 monthly payments gifted to the affiliate who recruited them (or their upline).
The 1-up compensation structure comes into play by requiring affiliate placed in a unilevel team to pass up gifting payments. These are payments they receive from affiliates below them.
iFunding Connect use a perpetual 1-up to track pass-ups, requiring every affiliate to pass up their second, fourth, sixth, eleventh and every fifth gifting payment thereafter.
In turn, recruited affiliates must also pass up these gifting payments. This rewards those who recruit a large number of affiliates who also do the same.
Joining iFunding Connect
Affiliate membership with iFunding Connect is $44.97 a month.
Under the guise of crowd funding, iFunding Connect offer a $25 a pop cash gifting scheme.
As per a corporate iFunding Connect marketing video:
By giving first, you’ll be qualified to receive donations from members who come in after you.
Crowd-funding has donors donate towards causes. They do not require donations in order to qualify to receive payments from subsequent donors, which is what differentiates iFunding Connect from legitimate platforms.
All that’s happening here is an iFunding Connect signs up, pays Cedric McGregor $19.97 and the affiliate who recruited them $25, with both payments then qualifying them to receive gifting payments from subsequent recruits.
In addition to personally collecting $19.97 for every participant each month, McGregor likely also hold the top position (or positions) in the scheme. This will see him collect the most number of pass-ups company-wide.
As with all cash gifting schemes, once recruitment of new affiliates dries up, so too will gifting payments within the scheme.
Being a monthly payment, this will see those at the bottom cease making payments to earlier affiliates. Said earlier affiliates will then stop getting paid and also stop paying $25 a month.
As this effect slowly trickles up the iFunding Connect company-wide affiliate genealogy, eventually an irreversible collapse is triggered.
At that point the scheme collapses, with anyone who didn’t rip off subsequent investors losing out.