Life Skills Business Network Review: Six-tier matrix recruitment
There is no information on the Life Skills Business Network website indicating who owns or runs the business.
The Life Skills Business Network website domain (“lifeskillsonlinebiz.com”) was registered on the 25th of September, 2014. Adewale Adeyemi (right) is listed as the owner of the domain, with an address in Ogun, Nigeria also provided.
Life Skills Business Network appears to be Adeyemi’s first MLM venture.
Read on for a full review of the Life Skills Business Network MLM opportunity.
The Life Skills Business Network Product Line
Life Skills Business Network has no retailable products or services, with affiliates only able to market Life Skills Business Network affiliate membership itself.
Once signed up, Life Skills Business Network affiliates purchase matrix positions to participate in the attached income opportunity.
Bundled with each matrix position and level upgrade purchase are “courses”, covering:
- greatness and financial abundance
- financial education
- skills mastery
- “the entrepreneur and leader”
- “the complete business & leader course”
- strategic business leadership & money management
No details about who authored Life Skills Business Network’s courses is provided.
The Life Skills Business Network Compensation Plan
The Life Skills Business Network compensation plan sees affiliates purchase ₦2,000 NGN positions in a 4×6 matrix.
A 4×6 matrix places an affiliate at the top of the matrix, with four positions directly under them:
These initial four positions form the first level of the matrix, with the second level generated by splitting the four positions into another four positions each (16 positions).
Subsequent levels of the matrix are generated in the same manner, with a complete 4×6 matrix housing 5460 positions.
Commissions are paid as positions in the matrix are filled, with positions filled via direct and indirect recruitment of Life Skills Business Network affiliates.
How much of a commission is paid is determined by what level of the matrix a position is filled:
- level 1 (positions cost ₦2000 NGN ($6.28 USD)) – ₦1000 NGN per position filled ($3.14 USD)
- level 2 (costs ₦3000 NGN to unlock ($9.42 USD)) – ₦1000 NGN per position filled ($3.14 USD)
- level 3 (costs ₦5000 NGN to unlock ($15.70)) – ₦2000 NGN per position filled ($6.28 USD)
- level 4 (costs ₦10,000 NGN to unlock ($31.40 USD)) – ₦3500 NGN per position filled ($10.99 USD)
- level 5 (costs ₦15,000 NGN to unlock ($47.10 USD)) – ₦5500 NGN per position filled ($17.27 USD)
- level 6 (costs ₦20,000 NGN to unlock ($62.79 USD)) – ₦7500 NGN per position filled ($23.55)
Commissions are paid out as positions in the matrix are filled. The following promotional rewards are awarded if an entire matrix level is complete:
- level 1 (4 positions) – no reward
- level 2 (16 positions) – “branded t-shirt”
- level 3 (64 positions) – “smart phone”
- level 4 (256 positions) – “laptop”
- level 5 (1024 positions) – “split AC + sound system”
- level 6 (4096 positions) – brand new Hyundai Accent
If an affiliate manages to fill all 4096 level 6 positions, the affiliate who recruited them is also paid a ₦1 million bonus ($3139 USD) or “all expense paid trip to Dubai”.
Joining Life Skills Business Network
Affiliate membership with Life Skills Business Network is free, however affiliates must purchase at least one ₦2000 matrix position to earn commissions ($6.28 USD).
LifeskillsOnlineBiz. is the 1st Online Business School and empowerment platform which enables members to learn, work and earn massive incomes from home.
The problem with the “massive income” you can earn through life Skills Business Network is that it’s all tied to recruitment.
Life Skills Business Network’s courses aren’t marketed or sold to retail customers, they’re only available to affiliates.
Thus all commissions paid out through Life Skills Business Network are tied to affiliate recruitment.
This means that Life Skills Business Network operates as a pyramid scheme.
Our Knowledge & Cash program is an exciting opportunity that rewards you for selling our education-based products and services and for sponsoring other participants who do the same.
The fallacy of courses actually being sold is given away in the Life Skills Business Network FAQ, which states:
Can I have more than one position ?
You are encouraged to maintain the number of accounts that you can effortlessly market to earn the potential payouts.
Why would an affiliate purchase multiple copies of the same course? The reality is that the Life Skills Business Network income opportunity is what is being sold, not courses.
The courses exist only as pseudo-compliance, and could infact be swapped out for anything.
What is the advantage of sponsoring more than 4 people?
Sponsoring more than four people earn you more money and ensure faster progress in the various reward levels.
Adewale Adeyemi, through one or more preloaded positions, will have placed himself at the top of the company-wide matrix, ensuring he receives the lion’s share of affiliate fees paid in.
As with all pyramid schemes, once recruitment of new affiliates dries up so to will Life Skills Business Network commission payouts.
Being a matrix-based model, this will first surface by way of positions in affiliate matrices taking longer to fill. Eventually recruitment will drop such that the matrices stall, prompting a company-wide collapse.
At that point any Life Skills Business Network affiliate who hasn’t recruited at least two affiliates into their matrix loses out.
Realistically Adeyemi’s preloaded matrix positions, and perhaps those of a few early adopters, will be the only positions to get anywhere near to filling a complete matrix.
In order for Adeyemi’s positions to make money, the majority of Life Skills Business Network affiliates have to lose money.