NetQube Review: NQsocial social network e-commerce & recruitment
NetQube operate in the social network MLM niche and are based out of Louisiana in the US.
At the time of publication the “Our Team” section of the NetQube website is non-functioning.
Further research reveals NetQube affiliates naming Dan Wolfanger (right) as CEO of the company.
Prior to NetQube Wolfanger was promoting Divvee. He appears to have left the company sometime in the second half of 2017 (the NetQube website domain was registered in September, 2017).
Read on for a full review of the NetQube MLM opportunity.
As at the time of publication there are no retailable products or services on the NetQube website.
The NetQube compensation plan suggests affiliates may be able to solicit retail sales through a social space, which I believe refers to NQsocial.
Visitors to the NQsocial website are met with a NetQube marketing video and the message: “You are not authorized.”
The NetQube Compensation Plan
The NetQube compensation plan combines recruitment commissions with residuals paid out via a 3×10 matrix.
NetQube affiliates are paid $25 per affiliate they recruit.
Recruitment bonuses are paid out based on the following qualification criteria:
- recruit four affiliates within 30 days = $50 bonus
- recruit 6 affiliates within 60 days = $50 bonus
- recruit 15 affiliates within 120 days = $500 bonus
- recruit 25 affiliates within 180 days = $1000 bonus
- recruit 50 affiliates within 12 months = $3000 bonus
If an affiliate recruits 6 affiliates within their first 60 days, they earn an additional $50 bonus per additional four affiliates recruited.
Note that the above bonuses are sequential and do stack if qualification criteria is met within the specified timeframe.
A “Qube” is a set volume amount generated by an affiliate’s own purchase of products and that of their retail customers.
The NetQube compensation plan doesn’t specify how much sales volume is required to “fill” a Qube, however it is implied the amount can vary.
When a NetQube affiliate fills a Qube, they receive a $10 commission.
With the exception of a NetQube affiliate’s first month, fifteen Qubes must be filled monthly to qualify for Qube commissions (min $150 commission).
NetQube pay residual commissions via a 3×10 matrix.
A 3×10 matrix places an affiliate at the top of a matrix, with three positions directly under them:
These three positions form the first level of the matrix. The second level of the matrix is generated by splitting these first three positions into another three positions each (9 positions).
Levels three to ten of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.
How many matrix levels a NetQube affiliate can earn on is based on recruitment:
- recruit one affiliate and earn on five matrix levels
- recruit two affiliates and earn on six matrix levels
- recruit three affiliates and earn on seven matrix levels
- recruit four affiliates and earn on eight matrix levels
- recruit five affiliates and earn on nine matrix levels
- recruit six affiliates and earn on ten matrix levels
Residual commissions are paid out as a 100% match on generated Qube payments by affiliates in the matrix.
This 100% match pays $10 per filled Qube within the matrix.
Q-Bonuses are based on monthly filled Qube volume by an affiliate and their downline.
- generate 500 filled Qubes in a month and qualify for a Q1 Bonus
- generate 3000 filled Qubes in a month and qualify for a Q2 Bonus
- generate 10,000 filled Qubes in a month and personally recruit and maintain at least three Q1 affiliates and qualify for a Q3 Bonus
- generate 50,000 filled Qubes in a month and personally recruit and maintain at least three Q2 affiliates and qualify for a Q4 Bonus
- generate 250,000 filled Qubes in a month and personally recruit and maintain at least three Q3 affiliates and qualify for a one-time $50,000 Q-Bonus
- generate 1,700,000 filled Qubes in a month and personally recruit and maintain at least three Q4 affiliates and qualify for a one-time $100,000 Q-Bonus and “brand new Tesla” car
- generate 5,000,000 filled Qubes in a month and personally recruit and maintain at least three Q5 affiliates and qualify for a one-time $500,000 Q-Bonus
- generate 10,000,000 filled Qubes in a month and personally recruit and maintain at least three Q6 affiliates and qualify for a one-time $1,000,000 Q-Bonus
Note the Q1, Q2, Q3 and Q4 Bonuses amounts vary from month to month.
Exact amounts are not provided in NetQube’s compensation plan material.
NetQube affiliate membership is $199.95.
NetQube boils down to whether or not its affiliates will be able to generate retail sales activity through the company’s NQsocial network.
To evaluate this, think about the last time you purchased a product or service because someone mentioned it on a social network (eg. Facebook).
Throw in a financial incentive by way of commissions, and it’s easy to see NQsocial winding up as a spam-fest.
At its foundation NetQube is a continuation of Divvee’s Rank and Share platform.
Earn reward point by simply taking a few minutes a day to share their opinions and thoughts on some of the hottest new technologies and mobile apps just being released to the public.
Whereas Divvee Rank and Share focused on apps however, NetQube marketing material suggests they will expand the concept.
Without being able to see what’s on offer however, I can’t say for sure.
What we do know about this model is that Divvee’s Rank and Share flopped.
After affiliate recruitment died down the network collapsed and what Divvee is today is nothing like Rank and Share.
The Divvee equivalent of NQsocial was Divvee Social, a short-lived social network that failed to expand beyond the affiliates promoting it.
Getting a social network off the ground in today’s environment is hard enough. Launching one with a network of affiliates looking to earn commissions on users is next to impossible.
What with all the flak Facebook has been getting lately for privacy breaches, launching a social network that focuses on harvesting personal information and providing it to advertisers… well it’s not something I’d have any confidence in.
Granted every online advertising platform to some degree relies on the harvesting of information, these technologies are typically attached to content people are interested in.
As Divvee Social showed, a social network for the sake of advertising products and services isn’t viable.
What you’re left with is an MLM opportunity primarily paying on recruitment of new affiliates and a monthly spend.
In NetQube this would be signing up and spending whatever filling fifteen Qubes each month comes to.
Commissions would primarily be paid on recruiting new NetQube affiliates who do the same.
In addition to not being sustainable, this business model would make NetQube a pyramid scheme.
Given NQsocial doesn’t appear to be running properly yet but NetQube affiliates are out in force chasing recruitment commissions, I think it’s pretty obvious what the core company focus is.
As CoinMD prepares itself to join the ever expanding graveyard of Crypto MLMs, it’s founder, Serial Scammer Tom McMurrain grasps out wildly to pilfer every last penny he can from the people who made the mistake of trusting him.
Two weeks ago he started pimping NetQube: