The Elite Networker Review: Let Us Close & Total Takeover
Listed as Founders on The Elite Networker website are Wallace Nuanez, Val Smyth, Dave Lear and Dan Putnam.
With the exception of Putnam, The Elite Networker’s Founders launched Total Takeover earlier this year.
Total Takeover saw affiliates pay $89.95 a month and get paid to recruit other affiliates who did the same.
The scheme collapsed shortly after launch, but not before withholding owed commissions to affiliates who stopped paying their monthly fees.
Let Us Close appears to have flopped shortly after launch, with the company’s website now redirecting to that of The Elite Networker.
As per The Elite Networker’s logo, the company is “powered by Let Us Close”.
For all intents and purposes, The Elite Networker would appear to be a merger reboot of both Let Us Close and Total Takeover.
Read on for a full review of The Elite Networker MLM business opportunity.
The Elite Networker Product Line
The Elite Networker is an advanced marketing system with one simple purpose: to close all of your sales.
Advertised services on The Elite Networker website include:
- post cards and leads
- custom lead capture pages
- social for marketers
- custom funnel
- contact manager
- live training
- auto responder and
- call center
A “preferred customer” option is provided on The Elite Networker sign up page, however no retail pricing is provided.
The Elite Networker Compensation Plan
The Elite Networker compensation plan pays affiliates to sell $50 (estimated) marketing tools memberships.
The Elite Networker pay affiliates a $20 commission for every new affiliate they recruit.
Residual commissions in The Elite Networker are paid out via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
Each new level of the binary is generated by doubling the previous level’s total number of positions.
Sales volume is tracked between both sides of the binary, with a 25% commission paid on the sales volume generated by the weaker binary side.
A 100% check match is also paid on binary earnings generated by personally recruited affiliates.
K Club Bonuses
Subject to applicable qualification criteria, they following K Club Bonuses are made available to qualifying The Elite Networker affiliates:
- K Club (recruit and maintain at least two affiliates and earn at least $1000 in commissions for two consecutive months) – $100 in “LUC gear”
- 3K Club (recruit and maintain at least two affiliates and earn at least $3000 in commissions for two consecutive months) – $750 “iPad or tablet”
- 5K Club (recruit and maintain at least two affiliates and earn at least $5000 in commissions for two consecutive months) – $1500 laptop
- 10K Club (recruit and maintain at least two affiliates and earn at least $10,000 in commissions for two consecutive months) – a mens or womens watch and $2500 cash bonus
- 25K Club (recruit and maintain at least two affiliates and earn at least $25,000 in commissions for two consecutive months) – 25k Club ring, “incentive trip for 2” and $5000 cash bonus
- Legendary (recruit and maintain at least two affiliates and earn at least $50,000 in commissions for two consecutive months) – Legendary ring, “incentive trip for 2” and $10,000 cash bonus
Joining The Elite Networker
Affiliate membership costs are not provided on The Elite Networker website.
As per the Fast Start (recruitment commission) description in The Elite Networker compensation plan however:
Earn 50% of the CV of all First orders of personally sponsored Distributors.
Note: $50 orders have 40CV.
This suggests that The Elite Networker affiliate membership is about $50 a month.
Without retail pricing provided, it’s a given that nobody is going to sign up as an Elite Networker preferred customer. Thus its inclusion can be reduced to a token attempt at pseudo-compliance.
As with Total Takeover, The Elite Networker is all about paying a monthly fee and then recruiting others who do the same.
The price is about half that of Total Takeover, likely a result of the opportunity flopping as fast as it did.
Let Us Close had a pricepoint of about $50 in prelaunch, with that reflective of The Elite Networker’s affiliate fee.
Basically coming off the failure of Total Takeover, Putnam’s relaunched Let Us Close with a new name and the Total Takeover founders have jumped on board.
As with all recruitment schemes, once affiliate recruitment slows down so too will commissions paid out.
Those at the bottom will first stop paying their monthly fee, meaning those above them stop getting paid.
They too then also stop paying their fees and as this effect slowly trickles up the company-wide affiliate genealogy, eventually an irreversible collapse is triggered.
Total Takeover lasted a few months and the initial incarnation of Let Us Close even shorter. The Elite Networker will likely follow a similar trajectory, with the bulk of fees paid in paid out to the Founders.