Today we will be reviewing a company called ACN. Is ACN a pyramid scheme or scam?
We will look at the company, its products, and how you can make money with it.
Should you consider investing in it? Find out as you read the review.
Since the internet’s inception, scams have already proliferated in the platform.
Since we are always connected to the internet, these scams have found their way in our lives easier than before.
Now, even if you do not have a computer, you can be scammed.
Since a lot of people continue to fall for scams, scammers have become creative and have ventured into scams disguising as legitimate businesses.
A lot of people fall for scams everyday. which makes them problematic.
Most people who get scammed lose a lot of money, get into debt, and lose their life savings.
Watch out for pyramid schemes since they often pose as legitimate companies.
If you invest in a pyramid scheme, that money is lost forever.
Before we proceed with the review, check out my #1 recommendation to making money online after reviewing 300+ MLM companies.
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ACN is a multi-level marketing company that provides services including energy, telecommunications, and merchant services.
The company was founded in 1993 by Robert Stevanovski, Greg Provenzano, Tony Cupisz, and Mike Cupisz.
This company is currently operating in 24 countries.
They market the products and services through its own network of independent sellers, which they refer to as Independent Business Owners (IBOs).
According to their website, ACN offers the following residential services:
- identity theft protection
- home phone
- gas & electricity
- high-speed internet
- television services
- security & automation
- wireless services
ACN also offers the following business services:
- identity theft protection
- gas & electricity
- payment processing
- security & automation
- television services
The company is currently based in North Carolina, United States.
Is ACN a Pyramid Scheme?
Since ACN members earn money both by selling products and recruiting new members, then it is safe to say that ACN is not a pyramid scheme.
It is unadvisable to join ACN.
A legitimate business should invest more on training its members.
I do not think that ACN is doing that, since they insist on recruiting more members instead.
This move makes them look like a pyramid scheme.
Like LuLaRoe, Paparazzi, and Pampered Chef, ACN is not a pyramid scheme.
No Income Disclosure Statement
According to my research, it looks like ACN has no proper income disclosure data.
When you encounter an MLM that cannot show their income disclosure statement, I suggest that you run away from it.
That could only mean one thing – those who join are not making the money as advertised.
You should be asking yourself this right now: ‘Is ACN a Pyramid Scheme? It definitely looks like one?
Is ACN a Scam?
No, ACN is not a scam. However, this video might help you with your decision whether you should join or not.
Recruiting people is the best way you can earn money from MLMs. ACN is not any different.
How To Make Money From ACN
There are only two major ways to make money with ACN.
- Selling products.
- Recruiting people to your downline. You earn commissions from the sales of those you recruited.
Remember that it is always a red flag when you have to pay a steep price first to get started.
How to Join ACN
Before you join ACN, I think you should check out this video first to get a grasp about the company.
To become an ACN Independent Business Owner, click this link.
Here are the steps you need to follow to ensure a smoother application process:
- Provide your Sponsor ID.
- Complete the online application form by providing your personal information.
- Make sure that you remember the password you provide.
- Read and agree to the terms and conditions.
- Finish the payment process.
The ACN Independent Business Owner Start-Up Fee
To start your journey as an ACN Independent Business Owner, you have to pay $199.
For this fee, you are eligible to conduct business in under the company for one year.
For an additional $25 a month, you can maintain your active status with the company.
The price is quite steep for starting out, in my opinion.
There are quite a lot of businesses offering the same services as ACN, so I think selling the services that the company advertise is quite tough to do.
In my opinion, the starting fee should be lower.
Unlike other MLMs which provide physical products that you can refund in case you fail to make sales, you cannot refund your ACN starter fee once you have already started.
I do not recommend joining an MLM that requires you to pay a steep fee upfront.
But wait, all MLMs are like that… Never mind then.
Things I Like in ACN
ACN is another company in an already oversaturated market.
They have no income disclosure, the starting fee is steep, and the market offers more alternatives that are cheaper, and you can ensure that your money is in good hands.
I do not think it is a good idea to join this company.
Things I Dislike in ACN
Vicious Recruiting
If you want to see your investment back, then you would have to recruit people to join the company.
ACN is one of the companies that will screw you over with your earnings if you do not bring people in the company.
I mean, aren’t all MLMs like that?
You have no escape from this because ACN gives you bigger commissions from recruiting rather than selling. Recruiting is easier said than done, so good luck with that.
Get in Debt Fast
The company’s compensation plan is long, complicated, and full of terms that the average person will not understand.
Why would you read something so complicated if there are other companies that could explain better?
It is almost as if they do not intend to properly explain how you will be making money, and they probably do not plan to do so.
You thought you are going to be your own boss? Well, here is the cold, hard truth: you are not your own boss.
ACN Compensation Plan
The ACN Compensation plan can be accessed with this link.
The compensation plan is full of terms that you will not understand, so I think a video will be able to explain it to you better.
Just look at how long this video is. If this is the condensed version, I think I would rather watch my screensaver.
This is like sitting down in a boring college lecture. Flashbacks, anyone?
ACN Ranks
There are 6 total ranks that you can reach in ACN.
To advance to the next rank, members should meet specific requirements and maintain them on a monthly basis.
- Independent Business Owner (IBO)
- Customer Qualified IBO (CQ)
- Executive Team Leader (ETL)
- Regional Director (RD)
- Regional Vice President (RVP)
- Senior Vice President (SVP)
10 Shocking MLM Statistics That You Need To Know!
- Almost 99% participants of all multi-level marketing companies lose money, according to the FTC.
- There are 38% more chances of you profiting from your own any kind of small business than joining these MLMs.
- Success rate of an online business, which will give you financial and time freedom, is 20% more than joining MLMs for making money.
- The odds of you winning a lottery worth $10k among 10,000 people is 300 times higher than actually making money from MLMs.
- According to the AARP foundation, 47% distributors of all MLMs lose their money. Apart from this, 27% do not make a single penny.
- In the remaining 26% that actually make money, 53% of them make less than $5000/year.
- 39% of those 53%,who are making $5000/year quit because recruiting and selling crappy products to friends and family members jeopardized their relationships.
- Forget about building a long term business with MLMs, because 50% of all MLMs participants quit within one year.
- 75% people that joined MLMs say that they will never again join any kind of MLM.
- A poll was conducted in 2018 among 1050 MLM distributors and it was concluded that most of them made 70 cents an hour and 20% of them did not make a sale. 60% of them made less than $500 in sales over the past 5 years and 32% of them acquired credit card debt to finance their MLM involvements.
SOURCES:
Final Verdict ? ACN
To be honest, I could not stress enough how much I do not recommend this company to you.
From the first time I laid my eyes on the services they are offering, I know that this will be a difficult sale.
First, there are a lot of companies out there who provide better services than ACN, so this will make it hard for you to sell the company’s services.
Also, look from this perspective. Which do you think will people choose when it comes to the services offered? You, or an established company with a physical location where they can go to whenever they need to?
I do no think they will trust a stranger like you to sell them services that would be detrimental to their homes and businesses.
Even I would choose a more well-known company to handle these kinds of things for me, wouldn’t I?
Why would they choose you, someone with no proper training, to sell them these services?
The answer to that is they won’t, since they will probably go somewhere else.
Another thing I would like to stress about is they have no income disclosure statement, and this clearly speaks volumes about the company’s intentions.
Why would they hide important data to the people who want to join the company?
Is it because they are not earning as much as they advertised or are they hiding something? If so, why would they hide it?
Either way, that in itself sounds shady.
Because we have no way to tell for sure, it is better to speculate that people do not make money in this company.
This business opportunity does not sound stable at all from the get-go, so if you want to make money, you better look somewhere else.
That?s it for today?s review.
I do not recommend MLMs. but if you want to make money online, you should check out my #1 recommendation to making money online after reviewing 300+ MLM companies.
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