This review is all about the iCoinPRO. Do you want to know if it is a legit MLM company or just a scam? Are you curios if you can really earn from this opportunity? Well, I suggest that you read this review in order to learn more about it.
Company Name: iCoinPRO
Owner: Paul De Sousa
Price to Join: $39.95 / month
My Rating: 6.7 out of 10.0
What is the iCoinPRO?
iCoinPRO is a multi-level marketing company that was recently established for the purpose of teaching people about cryptocurrencies. As you might already know that cryptocurrency is one of the hot topics right now and many people are interested in learning about them. So they provide training that teaches you on how to make money through cryptocurrencies.
You can also become a distributor for them, but you will have to buy their training to do so. The founder and CEO of this company is Paul De Sousa and there aren’t many MLMs related to cryptocurrencies that have their founder’s name and picture on their website.
In this review, I will take a closer look at this company and try to determine whether this is a scam or not. This is based on my honest research about it. I recommend that you read the entire review before thinking about joining this company.
How Does iCoinPRO Work?
Let us take a look at the ways of earning money based on its compensation plan.
As you join them, they place you in their powerline. Being placed in the powerline allows you to earn on five level members that are placed in your team.
It doesn’t matter who enrolls those members and you will earn this bonus as long as you maintain the active status. Basically, you will be paid 3% powerline bonus on each level.
FAST START BONUS
When you personally bring a new member into the company, you will earn a bonus the next week. This is paid based on your rank and it pays between $10 to $25 on your first level. As you qualify for higher ranks, you can earn this bonus on more levels, but the pay will reduce as the levels increase.
CODED INFINITY FAST START OVERRIDES
You will need to reach the Star Elite rank to earn overrides. Once you reach this rank, you will be able to earn fast start overrides on the initial order of everyone in your downline up to 3 generations of Start Elite Leaders. So after having the fourth Star Elite Leader in your downline, you will stop earning the overrides.
You are paid $1 to $2 through the fast start overrides. I know that the amount paid through overrides seems really low, but you can make a lot of money through this one. Suppose you have 1,000 people enrolled in your downline in a month, then you will earn in the range of $1,000 to $2,000.
As your downline grows your earnings will also grow.
The company pays you residual income based on your rank and this is generated through a 2 x 14 matrix. You are paid on the membership fees paid by your downline up to 14 levels deep.
When you join, you will qualify for earning on 10 levels and you will start earning on 14 levels as you qualify for 3 Star rank. Residual income is paid at the rate of 2.5% on each level.
There is one more way of earning money and that is matching bonuses. There are many issues with the compensation plan and one of the most obvious is focused on recruiting. The members that you bring can also become a distributor so most people might choose that option.
Their website discloses everything about the compensation plan, but not much information is available about the training.
How Much Does It Cost to Join?
If you want to join in iCoinPRO, you will have to pay $39.95 per month for the training and you will also have to pay one-time $40 distributor activation fee. By the way, you can save some money by paying for 6 months or 12 months when you join.
The cost of joining is high in my opinion.
How Much Can I Earn?
There is no doubt that you can make a lot of money as they pay residual commissions monthly. So by having a lot of active members in your downline, you can make a lot of money without having to work a lot.
The problem is that I don’t think that most people will be able to build a solid downline.
It would be difficult to sell the memberships if you only focus on selling instead of the opportunity. It looks like it is necessary to buy the training if you want to get access to the opportunity. So most of the time you will find yourself marketing the opportunity as a way to earn a lot of money.
While in reality most people fail in companies like this one. I don’t think that you will make a lot of money through this company in all likelihood.
Are there Any Complaints?
Yes, and I have listed some of the major concerns below.
The entire focus is on marketing the opportunity rather than the training.
The earning potential looks great initially, but the reality is different.
iCoinPRO is something that I am confused about. If most of the people are joining for the opportunity and not because of the training, then it is a pyramid scheme. I am not sure whether it is a pyramid scheme or not, but it is clear that their focus is on recruiting.
So if you like to pursue this company, I suggest that you think twice before investing. Nevertheless, I still leave the final decision in your hands. Good luck and choose wisely.
- Teaches entrepreneurial skills
- Good earning potential if done right
- Climb the ranks to earn more
- Support should be improved
- Too much competition
I know that you want to invest your money in iCoinPRO because you want to have a new source of income. I also feel that you are eager to have financial freedom and have more time for your family and friends.
But let me tell you that this type of business is not that easy. It requires patience and great dedication towards recruiting and selling in order to succeed.
On the other hand, if you are still looking for an efficient and effective way of earning, then you can also look into my personal favorite. My best suggestion would be through making your own online business with a support from community. Basically it is a modern way of making money. And this will enable you to enjoy your working time at home.
Right now, I am on my second year in this community and I am already harvesting the fruits of my labor. So, I want to share my success with you.
If you have more questions and concerns about the iCoinPRO, feel free to comment it below and I would be glad to interact with you.
Let me hear your experiences and personal concerns on the comments below!