Hello and welcome to my iBuumerang review.
In this review you are going to discover whether iBuumerang is a pyramid scheme or scam.
First thing first,I am not associated with iBuumerang by any means and will not try to pitch it in this review.
Infact this review is going to be unbiased and from a third party.
Let’s talk about it.
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What Is iBuumerang
Let’s talk about iBuumerang.
What Is iBuumerang – iBuumerang was at first launched with name “countdown4freedom” but later launched as iBuumerang.
The main aim of this company is to provide you with a travel discount with their search engine called igo.
How To Make Money With iBuumerang – Like any other mlm,there are two ways from which you can make money with iBuumerang.
First one is to sell their services to people and make retail commissions on it.
Second is to recruit people under you and make recurring commissions from them.
The second one is a better option and I think is the best way to make more money from iBuumerang.It is more lucrative in my opinion.
But I will tell you about recruiting people in this mlm.
CEO Of iBuumerang – Ok the owner of this company has a very bad background in his name.
He has been active in this online industry for more than ten years and is expert in network marketing field.
He has done different businesses during these years.
The name of the guy is Holton buggs.He has headed different mlms in the past and was also chief missionary officer of a very famous mlm company organo gold.
He also promoted a ponzi scheme called IQ CHAIN.
Now,why I said that he got very bad background?
This is because he was active with many pyramid schemes before he came with the idea of Ibuumerang.
If you do not know,pyramid schemes are illegal in USA,and most of the time it is runned by scammers.Ad if someone works for a scam,I call him a scammer too.
Because you are promoting a scam business model,this means that you have not any moral grounds.It is just my opinion yours can be different.
Lawsuits And Complaints – It is such a new mlm company that there are no active lawsuits against them so far.
It is in the scene for only a few months.So,also there are very few complaints against this company.
Is iBuumerang A Pyramid Scheme?
Now,here is one thing I want to tell you.When people listen about mlm company,instantly they combine it with pyramid schemes,but it is not true.
Some mlms like iBuumerang also seems to be a straight pyramid scheme,but it is not.In fact it is an outright pyramid scheme.
People are calling it a pyramid scheme because it has some features of a pyramid scheme.Like they are focusing on recruiting heavily.
Because most of the people that make money from iBuumerang is recurring people under them.
And as you can see,CEO of the company has a past with pyramid schemes.
Most of the people make money by downlines,as shown in the picture below.
Ever heard a famous quote about these mlm companies,”Money Is In The Downline?That is exactly in this case.
People do this kind of busines because you will also get the slice of peace in the downlines.And this system never stops.
But it is really hard to recruit people under you and in some cases people try it too hard and lose their friends and relatives.
Success Rate Is Low!
Now this is my main concern with this mlm.Success rate in iBuumerang is very low.People join these kinds of mlms find it hard to get sales.
Failure rate with this mlm is as high as 99%.
This is very big and not a small amount of ratio,and very unusual in mlms.This means that 99 people out of 100 that join Ibuumerang end up lose their all money.
This is really a big concern for me and all other people who want to join this company.Because iBummerang is just a few months old(at the time of writing this review)so I can not say any further things about this mlm.
While in this company there is nothing additional added to make these numbers less.I mean they are not making efforts and rebuilding their structure so people can actally make money in it.
And the fact is that 1% who are making money with iBuumerang,99% of them making less than $5000 per year and most are making $2400/year.
These are some reality checks.If you do the math this is less than $1 per hour.
Here is another fact about mlms,most of the surveys and studies showed that the people involved in the mlms, 73% to 99% lose their money.
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How Much To Join iBuumerang
Joining mlms can cost you a few hundreds to thousands of dollars.In this aspect iBuumerang will not cost you this much money,but still it is a bit pricey compared to other mlms I reviewed like itworks,primerica,tranont,monat and amare global.Especially travel mlms like inteltravel and evolution travel.
Now iBuumerang will not cost you thousands of dollars as compared to brick and mortar.
Brick and mortar will cost people around $100,000 to start but here is the catch.
The success rate with brick and mortar business is 99.9%.Hope you will get this point.
Now,there are different plans you can join in iBuumerang and they are as below..
- Affiliate membership(49.95 dollars/month)
- Coaching class($250+49.95/month)
- Business class($500+99/month)
- First class($1000+99/month)
If after reading this review you want to go with iBuumerang then go with the cheapest one.Affiliate membership of iBuumerang.
iBuumerang Compensation Plan!
Typically mlms has very complicated compensation plans.
Soemtimes people make commissions and do not get where it came from.Same goes with this mlm,It looks like you need a math degree to understand their compensation plan.
Jokes apart,here is a video of the owner of the company breaking down iBuumerang compensation plan.
It is an hour long.If you have time you can watch this video.
https://youtu.be/YzWMV22J8u4
If not I am mentioning the main parts here.The only structure you need to know is below.
So,there are three ways you can make money from iBuumerang and that are as below..
Retail Sales
Usually all the mlms have a very straight forward retail sales commission structure.
You make a sale and will get a commission on that specific physical product.
The commission will be fixed by the owner of the company.Not in iBuumerang.Because here you are dealing with the third party.Usually their compensation plan goes on the level of membership you are in.
If someone books a $250 flight through you,you will make only $6 on the basic membership.
And if you invested in their advance membership,you will get $25 from the same booked flight.Hope you got me..
So pay them more money in order to make more money.
Recruitment Commissions
Here is another thing which I disliked about this mlm company.
This is pay to play program.
This means that you will make commission on recruiting members based on the level of membership you are in.
Here is the amount of money you will make on different level of packages.
- Coach Class – $20
- Business Class – $40
- First Class – $80
One thing I want to mention here is that their first class membership will cost you $1000+$99/month.Hmmm..Tricky!
Residual Income
This is where most of the people think that it is a pyramid scheme.In it you will basically make residual commission for the downline.
The commission may vary on how your team members performs and in which membership level you are in.Makes senses?
iBuumerang Products
The product this mlm is offering is very unique and people call it boomerangs.Basically you will get boomerang points on your signups and igo search engine points.
The points may vary with your members.Basically you have to purchase boomerangs.And this boomerang is which you will give to people through which they will book their tickets.
This is very tricky in my opinion.
The boomerangs are not free for lifetime.Instead you have to buy boomerangs once they are finished.
The price of boomerangs is not disclosed by the owner of the company.So,we will leave it here.
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What I Like About iBuumerang
Now let’s talk about the cons and pros of this mlm company.So here are the few things which I liked about this company.
1 – New MLm – Now if you are reading this review it means that you may be interested in this mlm company.
It launched just recently and has achieved great success.
This is the thing that I liked about this mlm.This means the CEO of the company is experienced enough to market his mlm properly.
Another thing is that it is new and which means less competition for you.
2 – New Concept – This company has came with a new concept.
This means that it is totally different from the typical mlms.I have never imagined travel bookings as an option to make money while traveling.
Yes you can be an affiliate of the company but like this mlm,it is a completely new concept.
What I Disliked About iBuumerang
Although it has some cons as well.These are the things that I disliked about this mlm company..
Expensive – It is expensive to join as compared to all other mlms.This means that their membership will cost you more then 1000<.
CEO Background – CEO of the company has a sketchy background.Holton Buggs is known for his bad mlm background.
He also promoted some ponzi schemes and sometimes tried very hard to sell scams and ponzi schemes.
Pay To Play – The amount of money you will make will be directly proportional to the membership level you are in.
I really disliked this concept because people are bonded and can not make enough money with basic membership.
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 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.
- Remaining 26% that actually make money,53% of them make less than $5000/year.
- 39% among 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 mlm,because 50% of all mlms participants quit within one year.
- 75% people that join mlms say that they will never ever join any kind of mlm.
- A poll was conducted in 2018 among 1050 mlms distributors and it was found that most of them makes 70 cents an hour and 20% of them did not make a sale.60% of them makes less than $500 in sales over the past 5 years and 32% of them acquired credit card debt to finance their mlms involvements.
SOURCE:
Is iBuumerang A Scam?
Ok,what is the reason why someone says an mlm is a scam?
Because when you can not make money from them.
The fact is that you can make money from iBuumerang.That is why iBuumerang is not a scam.
It is a legit business model.But I have question for you.
Why join mlms when there are more scalable,sustainable and long term businesses model out there?
With mlms you are going nowhere.
Mlm business model is destined for failures.The only person who is making money from mlm is the owner of the company.
You are company’s best customers.By giving you an opportunity to make money,they are going to make money.
When you lose money,the owner of the company make money.
This is structured like this,Mlms = Waste of moeny and time.
Most of the people that joins mlms end up reaching out friends and family members .
This is because they do not have an existing audience to promote their product too.
Honestly I do not want to sell anything to my relatives.Because they are the least ones to believe you and your product.
On the other hand,recruitng is the most hardest part in network marketing.
Alternative To MLMs
I do not recommend mlms to my readers and believe that it is a total waste of time and money.
It is not me that says bad about them,almost every stat and study showed that it is not a legit business model.
But I can recommend you business that helped me making $20k/month online.
Other then this most of our students are making $100k/month.
Yes,you read it right.They are doing $100k/month.This is why I love lead generation,scalable,sustainable and long term business model.
In this you have to generate leads for business owners.
You will generate leads for them which will turn into customers for them.
If they are making $1000 for a single customers,they are more then happy to pay you $100 for that lead.
Now,imagine if you help hem with 100 leads per day,and they book and close 10 customer a day.
This is $100 a day for you,but it will require proper training and mentorship because this lead generation business model is getting saturated day by day.
Because lead generation business is difficult to execute.
If you want to see the exact training that helped many students to make $100k/month then click the link below and watch it.
That’s it for today’s review.
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