Today we will be reviewing a company known as Xifra Lifestyle. Is this company legit? Find out in this Xifra Lifestyle review.
Because of the company’s products and the potential return on investment, there has been a lot of excitement about this particular opportunity.
Initially, I decided to review this company and what it has to offer in order to decide whether this is a straightforward program or simply an advertising gimmick.
After all, that is what I usually encounter with these types of companies.
We’ll go through the specifics of the business, what they are selling, and the compensation system in order to gain a better understanding of how the company functions.
Remember to stick around up until the end and see what we can find out about the situation.
Xifra was most likely brought to you by a friend or family member, and this is how most people learn about MLMs. Influencers as well as internet gurus are also to blame, if you ask me.
These companies are pretty predatory, to say the least.
Xifra is a multi-level marketing company, to put it bluntly. This means that you must pay a fee up advance in exchange for the said opportunity to sell goods.
As is true for the vast majority of individuals who fall prey to these sorts of scams, you will shortly learn that the well runs dry far sooner than you anticipated.
Before you decide to look into joining this company, you should read this Xifra Lifestyle review first. You should check if it is worth your time before you make such a huge decision.
DISCLAIMER: This is a fully independent review. I’m not affiliated with Xifra Lifestyle in any shape or form whatsoever.
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Xifra Lifestyle Review: Quick Details
- Name: Xifra Lifestyle
- Website: https://myxifralifestyle.com/
- Socials: Facebook
- Type: Crypto investment company with MLM business tactics
- Niche: Cryptocurrency
- Owner: Unknown
- Recommended?: I don’t think this platform is trustworthy. It is better to invest in a legitimate business institution, like a bank. Also, I know of a better opportunity which can make you passive income.
What is Xifra Lifestyle?
This company is a multi-level marketing (MLM) program.
It peddles CBD-infused goods as well as the opportunity to grow professionally and financially. They promise this through the use of technical tools and financial education.
Additionally, when you become a member, you will be able to purchase items from the firm. These products include CBD, weight management, libido, and detox supplements.
From the looks of it, it looks like Xifra Lifestyle is a health and wellness MLM company.
Xifra Lifestyle Overview
The firm was established on 2019, and the corporate headquarters are located in Mexico.
Nevertheless, the company website states that they have CBD plantations in Colorado and California.
When I checked around the company’s website and legal sections, I couldn’t discover any information about who owns or manages Xifra Lifestyle. That’s a little surprising, don’t you think?
After further investigation, however, one of my sources points out that George Goodman is the putative CEO.
This is evidenced by his appearances in Xifra Lifestyle marketing videos.
However, outside of Xifra Lifestyle, there does not appear to be any information on Goodman available online. This raises the question of whether Goodman is genuinely the CEO or is just a hired actor in the role.
Is Xifra Lifestyle a Pyramid Scheme?
Is the company a pyramid scheme in disguise? Yes, this is due to the fact that users “invest” in the program and seek for other investors who are interested in doing the same.
This is how you generate income. First, you sign up for the program and then you wait for someone else to sign up for it.
The money from the other investor will be utilized to pay you, and your recruit should do the same in order for them to earn as well.
Is it a Ponzi scam, or something else? To address this question, let’s first try to comprehend what a Ponzi scam is all about.
A Ponzi scam entices investors by promising a substantial return on their investment. If there is no paying investor, there is no longer any money generated.
Xifra Lifestyle Compensation Plan
Residual Commissions
The lifeblood of most multi-level marketing firms, residual commissions are paid based on the regular subscription payments that members are required to make.
Xifra Lifestyle employs a binary compensation method with only two legs, each of which counts for its own volume.
This pair of legs is sometimes referred to as your right and left legs, and you will always have a stronger leg and a weaker leg (if you have any volume on either of them).
With any binary compensation scheme, the weaker leg is the leg on which you are compensated, and you must have at least two active “personally recruited” members on each leg in order to qualify for these commissions.
With that being mentioned, you will receive payment from your binary residual commissions every Friday.
The organization will accept whatever volume you have to offer and pay you somewhere between 7% and 12% of the total investment volume.
Every dollar of residual volume from the leg with higher investment volume will be carried forward to the next payment cycle.
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ROI Commissions
Xifra Lifestyle provides investment packages that you may join by investing BTC for a daily ROI of 0.5 to 2% every day.
Unless you participate in their plantation fund plans, which have a ceiling of 240%, the total return on your initial investment is limited to only 200%.
There are numerous investment programs in which you can place your BTC in order to get a return ranging from $300 to $100,000.
Referral Commissions
With Xifra Lifestyle, you may earn referral commissions at two different levels, which are called Regular and Plantation.
A referral commission of 8% on your investment is offered by the normal investment plans, with an additional 2% commission on the second level of investment.
Those who participate in the Plantation investment program will see their earnings climb to 10% from their personal recruits, 3% on their second level, and they will also entitled to an extra level that pays 2%.
Affiliate Ranks
The higher the rank that you are able to attain in the MLM firm, the greater the amount of bonuses that you will receive.
There are a total of 12 ranks available on Xifra Lifestyle, and they are all dependent on volume in order to progress to a higher rank in the system.
All you have to do to qualify for the first level, which is “Affiliate,” in order to make commissions.
What you need to do is increase your downline volume on both sides of your binary compensation plan in order to move up in the ranks.
Compensation plans in multi-level marketing firms are subject to change, therefore I recommend consulting the company compensation plan regularly to be updated.
Matching Bonus
It is determined by your team’s binary residual commissions and your position within the firm that you will receive matching bonus commissions from Xifra Lifestyle.
The moment you attain the level of Executive, you will be able to begin earning matching commissions, which will be paid out to you in the amount of 3% of what your directly recruited members earn in residual commissions.
In order to advance in your rank, you will be eligible for a total of 5 levels, with each level earning you a 2% bonus on levels 2 and 3 and a 1% bonus on levels 4 and 5.
Rank Achievement Bonus
You will be eligible for the rank accomplishment bonus incentives that the firm will award you once you have qualified for higher positions within the organization.
After reaching the rank of Sapphire, you will be awarded with a Mont Blanc Pen, which will serve as a starting point for the awards.
The most prestigious position for which you will be recognized is that of Royal President, for which you will get your choice of a Lamborghini, a Rolls-Royce, or a Ferrari.
How Do You Make Money in Xifra Lifestyle?
As an MLM, the business should provide tangible items or digital services. Because they are promoting CBD, you probably expect that you will be selling CBD products.
The only way to make money with Xifra is to invest in them. Making money by investing funds in their CBD farm is the key to becoming a member and earning money.
Members of their subscription program get access to a variety of CBD products that promise to help them lose weight, purify their bodies, and boost their libido.
These items, on the other hand, are only extras, not ways of making money.
You are unable to sell or promote them since, as previously said, the only way to profit from them is to invest in their Cannabis plantations.
I think that Xifra should be registered with the Securities and Exchange Commission since they provide investments as a means of making money (SEC).
This gives them the authority to encourage investment and commercial activity; yet, it is non-existent, exactly like the owners.
There is no evidence of a valid registration. There is no evidence that any revenue was earned from the investments.
Is Xifra Lifestyle a Scam?
The fact that Xifra is a fraud can’t be disputed when you consider all of the warning flags I mentioned above.
The firm may appear to be a network marketing company, but it is in fact, a Ponzi scam. I understand that the majority of people are perplexed by them, so I’ll provide a brief explanation of the two.
It is legal to run a business on the basis of network marketing or multi-level marketing (MLM).
It frequently advertises physical items, such as nutritional supplements, personal care products, and fashion items. Digital services such as coaching, financial education, and the like may be offered by some MLM companies instead of traditional services.
Participants in MLMs make money by selling their products or services, and they may earn even more money by recruiting new participants.
The difference between them and scammers is that they only profit when their downline or recruits make a transaction.
When it comes MLMs, the only way to make any money is via recruiting others to join the program.
Members are often compelled to purchase a large number of ineffective items to maintain their membership.
It is unstable though, because the only way to make commissions is through recruiting. If the company’s recruitment efforts are halted, it will have no alternative means of generating income.
Besides being illegal in many states and countries, a pyramid scheme is also frowned upon, and I’m sure you don’t want your name associated with this type of scam.
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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 – Xifra Lifestyle Review
Before I end this Xifra Lifestyle review, I would like to share a few more insights that could help you.
There is very little information available regarding the firm and its owner, to name a few issues. Despite the fact that the company employed a “George Goodman,” that said CEO has failed to deliver on his promises.
In addition, the prospect of making money is here is very dim. Despite the fact that the trademark has been registered, members are expected to invest and get the benefits. It
is therefore impossible to tell if their trading and investment operations are compliant with applicable laws. So, after all, they just might be running one big scam.
There is also a lot of excitement surrounding the recruiting process, which is logical given that there is no other way to generate money except through building a team by recruiting new members regularly.
I suggest that you avoid Xifra and related programs and put your time and effort into something else, such as the one I propose in the next section.
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