This review is all about the International Silver Network. Do you want to know if this MLM program is legit or just a scam? Are you curious if you can really earn from it? Well, I suggest that you read this review in order to learn more about it.
Company Name: International Silver Network
Price to Join: $20/month
My Rating: 6.5 out of 10.0
What is the International Silver Network?
International Silver Network is a multi-level marketing company that is known for selling precious metals. The company is focused more on silver than gold and you can make money by joining them.
The opportunity that they offer allows you to make money by selling as well as recruiting. This company was founded in the year 2010 and it operates in over 25 countries. It has survived for more than 7 years, so it is better than a new company with an uncertain future.
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 International Silver Network Work?
This MLM company is a little different from other companies because it allows you to earn commission in silver and gold in addition to cash. Let us explore the ways of making money from the compensation plan based on the information from their website.
Personal Portfolio Sales: You can earn in the range of $40-$160 from your personal portfolio sales. The portfolios are designed by the company to help the customers save by investing in selected valuable products. You can make money by selling the savings portfolios to affiliate referrals or your customers.
Here are the portfolio names and the earnings that they provide.
The Basic Portfolio- $40
The Plus Portfolio- $80
The Premium Portfolio- $160
Quick Match: The compensation plan allows affiliates to make money on the portfolios sold by their downline upon reaching the rank of Director. You will earn 50% quick match bonus on the sales of your personally sponsored affiliates. The commission will keep reducing as the levels increase, but it will be the same for the lower levels.
Residual Income: The company offers auto-saving products that require you to pay a monthly amount. You will be able to earn residual commission on the auto-saving products that are sold by your downline. The higher ranks will allow you to earn from more generations of your downline.
Bullion Income: You can also make money on the bullion orders placed by your customers. The earning from bullion order ranges from $0.50-$6.00.
Retail Income: There are many products that you can promote and you can earn if they are bought by customers or affiliates in your organization. The retail commission is 10% on the qualifying volume from your personal sales and 1% on the qualifying volume from the sales of your downline.
Car Bonus: You will get a car bonus when you maintain the rank of Gold Director or higher for 2 consecutive months. Here are the amounts of car bonus that you are paid according to your rank.
Gold Director Without Car- $400
Gold Director With Car- $600
Platinum With Car- $700
Executive With Car- $800
If you don’t want to get a car, then you will earn a $400 monthly cash bonus instead of the car bonus.
There are other methods of earning like Leader Pools, but I think that you have understood the basics of the compensation plan. The higher ranks offer much more benefits than the lower ranks.
But you must remember that you will need to buy a starter portfolio, Powerhouse 70’s Auto-Savings and monthly Tool Suite to earn from the entire compensation plan. I don’t think that it is fair to have these requirements for getting the full-benefit of the program.
How Much Does It Cost to Join?
You can join through their website by filling a form and paying for your Tool Suite. The International Silver Network Tool Suite will cost you $20 per month, but as I mentioned above, you will need to fulfill more requirements to get the full-benefit of the compensation plan.
I think that you will have to pay much more than you would like to as the money will have to be paid monthly. Many MLM companies charge a one-time fee and then you can continue by selling products, but unfortunately this is not the case inhere.
How Much Can I Earn?
This company hasn’t published an Income Disclosure Statement yet even though it has existed for several years. The compensation plan mentions that the average participant earns between $500 and $2000. It doesn’t specify if the earnings are per month or per annum, but I think they are per annum.
By the way, these are only the earnings and they don’t include the money that the affiliates spend. I think that many people might be suffering a loss.
The Tool Suite costs $240 annually and then you will also have to pay for a starter portfolio and Powerhouse 70’s Auto-Savings. The expenses of travelling and meeting people as well as other expenses will also have to be incurred and as a result you might barely make any money.
So I don’t think that the average person will make a good income through this opportunity.
Are there Any Complaints?
Yes, and I have listed some of the major concerns below.
It can be expensive to stay in this business for a long period of time.
I don’t think that most people will succeed in this business.
In my opinion, International Silver Network is not a scam. They still offer some helpful information on how you can have your own business.
On the other hand, I must say that it will be very difficult for the average person to succeed in this business. If you think that you are good at selling and recruiting, then you may join. Nevertheless, I still leave the final decision in your hands. Good luck and choose wisely.
- Great Earning Potential if done right
- Teaches entrepreneurial Skills
- Climb the Ranks to Earn More
- Support can be improved
I know that you want to join in International Silver Network because you are eager to have a new source of income. I also feel that you want to venture into new business opportunities.
But let me tell you that this type of business is not that easy. It requires intense support in order to be successful.
On the other hand, if you are still looking for an effective way of earning, then you can also look into my personal choice. 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 International Silver Network, 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!