These days various MLM (Multi-Level Marketing) Companies have come up, giving people hope to make money, working remotely from their own homes. 50/50 Crowdfunding is one such company that promises to help you make money online.
However, it is crucial on the part of the users to completely understand the website first, and its compensation plan, prior to actually using the service.
There are so many similar websites out there and not many of them are going to deliver the results that they promise. If you are thinking about investing your time and energy into this website then make sure that you have read this review till the end.
So here is a detailed review of the 50/50 Crowdfunding website, an MLM company that promises the users to make huge sums of money.
What Is 50/50 Crowdfunding?
As a general website, 50/50 Crowdfunding is a platform that can be used by people to raise, crowdfund and donate money for various causes.
However, the website even allows its users to make money through its Multi-Level Marketing Techniques. This basically means that you earn money for referring others to the website, and then they refer more people which brings you more revenue.
This cycle continues and the traffic on the platform increases gradually, through referrals.
How Does It Work?
In order to get started with the 50/50 Crowdfunding platform, you are first required to create an account on the website. This process is completely free and extremely simple.
After this, you are required to start a crowdfunding project. For this, you are required to make a minimum investment of $250.
The company has a five-tier 2×2 matrix system. What this means is that you donate money to other affiliates in the hope that you get paid more in return. You start by investing $250.
This can get you a return of $750 if all the positions in that matrix are filled. This process continues, with the final tier having investments of $4,000 for a return of $12,000.
The Tier System
The entire money-making system at 50/50 Crowdfunding revolves around its tiers. The company has divided the platform into five different tiers, with different earning potential.
These are referred to as matrix boards. A more detailed analysis of these boards have been given under
1. $250 Matrix Board – You are required to donate $250 with an estimated return of $750.
2. $500 Matrix Board – You are required to donate $500 with an estimated return of $1,500.
3. $1,000 Matrix Board – You are required to donate $1,000 with an estimated return of $3,000.
4. $2,000 Matrix Board – You are required to donate $2,000 with an estimated return of $6,000.
5. $4,000 Matrix Board – You are required to donate $4,000 with an estimated return of $12,000.
For every tier, you have the potential to earn 3x your initial investment.
Pros
1. The company has a very detailed yet simple compensation plan. It is easy to understand and anticipate your earnings keeping in mind the Matrix Board.
Cons
1. Even though the website is free to join, you will be required to join the basic $250 Matrix Board to start earning on the platform.
2. There is no background information about the company provided. This makes the website a little less trustworthy.
3. Even though the platform operates on an MLM model, there is no direct product offered by the website. Users, in order to earn money, will have to bring in others to straightaway join the platform.
Would I recommend this website?
No. This website is all about making others join the program so that you can earn more money and the company itself can get more and more people to promote it.
Companies like these usually use such techniques so that they get free marketing out of their affiliates. The affiliates would sell the membership aggressively to others which would mean more money to them.
The affiliates do get a commission but keep in mind you are not selling any valuable product here but just the membership and the giving someone hopes that they would be able to make money the same way as the owners did.
MLMs are scams and most of the times, people do not make any money with them. People usually know about these MLM companies and how they work, so not many people would be ready to buy the membership of such programs.
In case you were not aware of programs like this one, then you know now that it is not going to help you make any money so it would be best to stay away from them.
Most of the reviews about such programs from people who have been a part of such schemes is how they lost their money.
Conclusion
So is the 50/50 Crowdfunding worth your time? I do not think so. It would be better that you stay away from MLMs as they never help you make any money online instead you are just going to lose all your time and money with such programs.
It is possible to make money online but I would never recommend an MLM program for it. You are just selling teh membership to other people since the program itself has nothing valuable to offer in exchange.
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