Iguana Biz Review: Two-tier 3×3 matrix recruitment scheme
Iguana Biz identify Doc Lett as CEO of the company on their website.
For those of you who have had the pleasure of knowing or actually meeting Doc Lett, know that he is an honest man with a servant’s heart. A man of integrity, who has the determination to help everyone succeed.
Doc Lett, also known as ‘Ken Lett’, ‘Kenneth Lett’, ‘Ken E Lett’ and ‘Kenneth Eugene Lett’, first popped up on BehindMLM’s radar as the CEO of Phase 4 Global.
Phase 4 Global launched in 2012 and was a four-tier matrix Ponzi cycler.
Two years before Phase4Global Lett launched Freeway to Success, a recruitment-driven pyramid scheme.
After Phase4Global collapsed, Lett resurfaced in 2015 as the admin of 2by2 For You.
2by2ForYou was yet another four-tier matrix cycler that used newly invested funds to pay off existing affiliates.
Read on for a full review of the Iguana Biz MLM opportunity.
The Iguana Biz Product Line
Iguana Biz has no retailable products or services, with affiliates only able to market Iguana Biz affiliate membership itself.
Once signed up, Iguana Biz affiliates can purchase matrix positions and participate in the attached income opportunity.
Bundled with each Iguana Biz matrix position purchase is access to a “Global Success Marketing System” (Phase 1) and “Savings Unlimited Travel Card” (Phase 2).
The Iguana Biz Compensation Plan
Iguana Biz affiliates purchase positions in a two 3×3 matrices.
A 3×3 matrix places an affiliate at the top of a matrix with three positions directly under them:
These initial three positions form the first level of the matrix, with the second level generated by splitting each of the three positions into another three positions each (9 positions).
The third and final level of the matrix is generated in the same manner (27 positions), with a complete 3×3 matrix housing 39 positions.
Positions in the matrix are filled via recruitment of new Iguana Biz affiliates. Commissions are paid as positions in each matrix are filled, as long as affiliates in the matrix continue to pay their monthly affiliate fee.
- Phase 1 ($53 and then $33 a month) – $5 per affiliate recruited on level 1 ($15 a month), $4 per affiliate recruited on level 2 ($36 a month) and $17 per affiliate recruited on level 3 ($459 a month)
Purchasing a position in the Phase 2 matrix is $86 and then $66 a month, with commissions through the matrix paid out the same as Phase 1.
What the Phase 2 matrix introduces is a 100% match on commissions earned by personally recruited affiliates who have purchased a Phase 2 matrix position.
This equates to a possible $510 a month commission per personally recruited affiliate who has purchased a Phase 2 matrix position.
Joining Iguana Biz
Affiliate membership with Iguana Biz is tied to a $53 matrix position purchase. In order to qualify for commissions, a $33 a month fee must also be paid.
If an Iguana Biz affiliate wishes to participate in Phase 2, they must pay another $86 plus $66 a month.
The total ongoing cost for participation in both Phase 1 and 2 is $99 a month.
Doc Lett seems to have graduated from short-lived matrix cyclers and returned to straight recruitment schemes.
Nothing is marketed to or sold to retail customers in Iguana Biz, with all commissions tied to the recruitment of new affiliates.
The products bundled with Iguana Biz affiliate membership are neither here nor there. Iguana Biz could bundle anything with affiliate matrix position purchases and would still be a product-based pyramid scheme.
As with all recruitment schemes, once recruitment of new affiliates slows down, Iguana Biz will collapse.
Being a matrix-based opportunity, this will present itself by way of Iguana Biz affiliates at the bottom of the company-wide matrix having trouble recruiting new affiliates.
This will see them stop paying their monthly fee, which means the affiliates above them will stop getting paid.
If these affiliates can’t replace those who drop out with new recruits, they too will eventually stop paying their monthly fee.
This effect slowly trickles up the Iguana Biz company-wide matrix, until eventually an irreversible collapse is triggered.
Doc Lett makes off nicely with maximum commissions (he’s at the top of the matrix) and $20 per position purchased, while the majority of Iguana Biz affiliates suffer a net-loss.