Is World Global Network A Scam? Read This Latest Review!
World Global Network is a multi-level marketing company that sells life sensing products as well as other products in the health and wellness niche. The products measure your sugar trend, protect you against mobile radiation, test your genes and much more.
They have introduced new products over time, which shows that they are trying to take their business to the next level. Even though the products aren’t anything new or revolutionary, they can be sold if marketed to the right audience.
Fabio Galdi is the founder and current CEO as well as President of this company. Fabio has plenty of experience as he started his entrepreneurial career in the year 1994.
In this World Global Network review, I will look at the business side of this company and help you in determining whether this is a scam or not.
Product Name: World Global Network
Overall Rating: 6.1 out of 10
How Does World Global Network Work?
The official website provides very little insight into the compensation plan of this company. I was able to find some information about the compensation plan, but I am not sure if it is up-to-date.
Here are the ways of earning money through the compensation plan of this company.
Recurring Fast Sales Bonus
This is the bonus that you will earn based on your personal sales. You will earn a 10% sales bonus every time a sale is made by you.
You will earn from the recurring sales of the products and the Loyalty membership. Whether you will earn recurring commissions from a single sale will depend on what you sell.
If you sell the Loyalty membership, then you will earn recurring commissions. Product sales will not allow you to earn recurring commissions as they only cost a one-time fee. The percentage of commission paid on the product sales is much lower than most MLM companies.
This can be a good thing as the price of the products is lowered because of the low commissions. More customers may buy the products because of the reasonable pricing.
More Information About World Global Network
Binary Team Commissions
Like several other MLM companies, you can earn by building a team of two legs. Your team will be divided into a left leg and a right leg. All you have to do is recruit two people that will be placed in two different legs.
When they recruit more people, then your downline will grow. You will have to make sure that people in your team continue recruiting so that you can get the maximum benefit from Binary Team Commissions.
You can earn as much as 20% commission on the volume produced by your weak leg. The lowest commission that you can earn is 10% on the volume of your weak leg.
The weak leg will be the leg with the lower volume. Even 10% commission on your weak leg can be a lot as the team volume can reach a really high amount if your team if big enough.
Generation Matching Bonus
You can earn this matching bonus on the percentage of Team Volume Commissions generated by your various generations.
So, it is important to understand what is a generation before you can understand this bonus. The people that you enroll will be your first generation and the people that they enroll will be your second generation and this will continue up to 10 generations.
You can earn Generation Matching Bonus in the range of 1%-10%. The higher levels will pay a higher percentage while the lower levels like level 8 or level 9 will pay 1%.
You need to become a Team Developer to qualify for this bonus. You can become one by simply making sure that the two people that you recruited earlier for earning your Binary Team Commissions also recruit two people.
There are other ways of earning money from the compensation plan like residual commission from Loyalty Membership Program. The compensation plan also allows you to go on luxury trips and earn car bonuses if you do well.
There are very profitable ways of earning money from the compensation plan if you have an active team that supports you on every step of the way.
How Much Does It Cost To Join?
If you want to join in World Global Network, the Personal Pack is the cheapest pack, and it will cost you around $359.
The other pack is the Builder Pack, which will cost you $1,499. The cost of joining is significantly higher than most MLM companies. You can join most MLM companies for less than $100. This is a high-risk business, so I wouldn’t advise you to risk your money if you cannot afford to lose it.
How Much Can You Earn?
I think that the information provided by the company about the earnings of the Associates should give you a good idea about your expected earnings. The data that I am about to discuss is related to the year 2017. Around 32% people were Business Builders out of the total Associates while the rest were customers.
More than 90% of Business Builders failed to earn more than $5,000 in the year 2017 from this business. Around 70% earned less than a $1,000 annually.
Around 20% of Business Builders failed to earn any money from this business in the year 2017. These figures show that most people failed terribly at this business. Here we are not talking about people who haven’t taken this business seriously.
We are talking about Business Builders who have tried to earn money from this business. Even $5,000 per year is not anywhere near a full-time income and yet most people failed to reach this amount.
This is not surprising as the failure rate in MLM companies is quite high. However, there are some people who have earned several hundred thousand dollars from this business.
If you are not very skilled or gifted, then it would be nearly impossible to be one of them. I don’t think that there is much else to explain as the figures speak for themselves.
Are There Any Complaints?
No, I could not find any complaints. I have a few concerns that I have listed below.
- The failure rate is very high.
- Your chances of earning a full-time income are slim.
In my opinion, World Global Network is not a scam because most of its income seems to come from selling the products to the customers.
I wouldn’t recommend this company because of many reasons including the low chances of earning a full-time income. The high cost of joining is also one of the reasons for not recommending this company. I still leave the final decision in your hands. Good luck and choose wisely.
- A good compensation plan for recruiters
- High failure rate
- Low income in most cases
- Competitive niche
How Can You Earn Money Online?
It seems that you want to invest in World Global Network because you are already tired of not earning that much from your current job. It also feels like that you just want to achieve financial freedom by having a passive source of income.
Actually, I was also in the same shoes as your before. I wanted to have a change in my way of living by finding a lucrative business. But I must tell you, that this kind of business is not that easy. If you are not fond of selling and recruiting then you might find this hard and challenging.
Now, your next question is, how can you really make money at home? My best suggestion would be through making your own online business.
Basically it is a modern way of making money. And this will enable you to enjoy your working time at home. Basically, you will earn commissions by just expressing your opinion and helping other people with the common concerns.
Right now, I am on my first year in this program and I am already enjoying the fruits of my labor. So, I want to share my success with you.
If you have more questions and concerns about the World Global Network, feel free to comment it below and I would be glad to interact with you.
Let me hear your experiences on the comments below!