Mentoring Millionaires Review: $147 chain-recruitment and gifting

There is no information on the Mentoring Millionaires website indicating who owns or runs the business.

The Mentoring Millionaires website domain (“mentoringmillionaires.net”) was first registered on the 17th of August 2015. The domain registration was recently updated on July 14th, 2016, suggesting this might be when the current owner(s) took possession of it.

The official Mentoring Millionaires Facebook group has two admins, Val Smyth and Tracey Jamieson.

Smyth first popped up on BehindMLM’s radar in 2015 as co-admin of Total Takeover.

Total Takeover was a relatively short-lived recruitment scheme. A few months after launch Total Takeover collapsed.

Later in the year Smyth returned with The Elite Networker, another recruitment-driven opportunity.

A visit to The Elite Networker site today reveals it has been redirected to a Valentus capture page belonging to Dave Lear (one of the co-admins of The Elite Networker).

When it launched last year, Tracey Jamieson was the Chief Operating Officer over at iTravel Party.

Read on for a full review of the Mentoring Millionaires MLM opportunity.

The Mentoring Millionaires Product Line

Mentoring Millionaires has no retailable products or services, with affiliates only able to market Mentoring Millionaires affiliate membership itself.

Bundled with Mentoring Millionaire’s affiliate membership is access to a library of internet marketing tools.

The Mentoring Millionaires Compensation Plan

The Mentoring Millionaires compensation plan sees affiliates pay a membership fee and get paid to recruit others who do the same.

Commissions are paid via a  1-up model, tracked through a unilevel compensation structure.

A unilevel 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 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.

Commissions are paid out as affiliates are added to a unilevel team via direct and indirect recruitment.

Mentoring Millionaires affiliates are paid $100 per affiliate they recruit.

The 1-up model sees every Mentoring Millionaire affiliate “pass up” the first $100 commission they make to the affiliate who recruited them.

After this first pass up commission, the affiliate then keeps all commissions they generate via subsequent recruitment.

In turn, the affiliates they recruit must also pass up their first commission too. This occurs an infinite depth down the unilevel team, with every newly recruited affiliate passing up their first earned commission.

Joining Mentoring Millionaires

Affiliate membership with Mentoring Millionaires is $47 annually. Participation in the attached income opportunity requires an additional $100 one-time payment.

Conclusion

Val Smyth’s previous MLM opportunities have attached online marketing tools to recruitment commissions, with Mentoring Millionaires just more of the same.

You sign up as an affiliate, pay a fee and then get paid to recruit new Mentoring Millionaires affiliates.

As per Total Takeover and The Elite Networker, after a few months recruitment dies down and the scheme collapses.

In Mentoring Millionaire’s there’s also a gifting element, with payments between Mentoring Millionaire affiliates being made “member to member”.

Val Smyth and Tracey Jamieson pocket the $47 admin fee and the $100 commission is paid directly to the recruiting affiliate.

This $100 payment in turn qualifies an affiliate to receive $100 gifting payments from subsequently recruited affiliates.

In light of there being no retail sales within Mentoring Millionaires, the bundled access to internet marketing tools is neither here nor there. The tools serve only as pseudo-compliance for recruitment commissions and cash gifting payments.

How many people lost money in the Total Takeover and The Elite Networker collapses is unclear. What’s particularly disturbing about Mentoring Millionaires this time around is how Val Smyth is marketing it:

[2:11] We wanted to give people the opportunity to be part of a business opportunity where money was not an objection in any which way, shape or form.

How do we do that?

Well, people can get involved on a credit card. Money is not coming out of their pocket, via a 28 day / 32 day line of credit with a credit card company. Boom.

We want to give people the opportunity to use financing as an option. And that option being Paypal’s line of credit.

If someone doesn’t qualify for credit, Smyth suggests they collect plastic bottles for recycling to ‘very easily come up with the money‘.

Look, if you can’t afford to lose $147 chasing pyramid scheme dreams… then the last thing you want to do is put it on a line of credit.

With credit interest you’re just going to wind up losing even more, despite the promises of riches you’ve no doubt been pitched.