Multi-level Marketing Companies have been around for so long and they have expanded their demographics. iBuumerang is one of the companies that chose not to stick with the usual.
Although more and more MLM companies are joining the niche of Travel, it is still a unique product to sell especially in network marketing.
If you think about it at first, it would be very confusing trying to figure out how they sell travel packages, and you are not wrong about that – it is kind of hard to figure out.
That is why you were brought to this review by your curiosity or maybe someone introduced you to iBuumeranf and you wanted to know more before making your decision.
Well, good for you! That is the first step towards being successful in online businesses, you need to figure out first whether you can trust a business opportunity.
It is great that you did not immediately join an MLM company before knowing the ample amount of knowledge about it.
This review will simplify the answers to all of your questions about iBuumerang and I hope that by the end of the article, you will get to decide whether this company is good for you.
What is iBuumerang?
Since iBuumerang was founded in March of 2019, there is not much history about the company itself. But the people who run the company have some interesting ones.
Holton Buggs, the founder, is an experienced person when it comes to Multi-level Marketing. He has worked in Organo Gold, an MLM company that focuses on coffee as their product.
David Manning is the CEO of the company who also has experience with not only MLM but also a travel MLM company.
They do have the right experience to run a company like iBuumerang but the problem is that both their previous companies have bad reputations or have gone out of business.
iBuumerang is a company that lets you book tickets from their website and you can earn as much as 70% discount on your ticket fare.
They also include hotel deals on your destination and some cruises that travel all around the world.
Of course, as an MLM company, they offer a business opportunity to people who are looking to make money while staying at home or with the least hassle possible,
The only thing is, MLM companies do not let you work without the hassle. In fact, it is the exact opposite. You get so much work and earn a small amount.
How does iBuumerang work?
iBuumerang is basically a program or website that lets its distributors sell travel discounts.
With the help of their iGo engine, they encourage distributors to refer their friends when booking tickets for travel and hotel deals.
So as an iBuumerang distributor, you get “boomerangs” which is what they call their login access to their iGo engine.
If a customer purchases any ticket from your iGo, you can earn commissions and your referral can search for deals on hotels and fares.
What does iBuumerang sell?
So what basically happens is that you do not sell the discounts to customers. As an iBuumerang distributor, what you sell is the “boomerangs”.
See, if you sign up with iBuumerang, you will get access to the iGo engine but your customer will have no access. That is when you sell the boomerang so they can get access.
The number of Boomerangs that you get depends on the package that you buy when you initially sign up with iBuumerang. We will discuss those later.
Every time that someone books or purchases a ticket with the Boomerang that you have given them, you get commissions.
The problem is they do not provide the retail price of the Boomerangs so you either buy from iBuumerang directly or buy their package which I assume is a lot more expensive.
You also risk the Boomerang if you give it to someone and they do not purchase any of the discounted promos from the iGo engine.
So how do you join iBuumerang?
If you want to join any MLM company, expect to bring out a lot of cash. The thing is MLM companies can charge high at times.
It is common with MLM companies to require you to pay for an annual fee and purchase a starter kit which they say will jumpstart your business.
They always encourage or push you to buy the more expensive kits and say that it will be better for starting any business. The more you invest, the more successful your business will be.
With iBuumerang, you will need to pay different amounts of the annual fee depending on the package that you have chosen.
There are four starter kits or packages that you can choose from if you want to join iBuumerang. Here they are:
1. Affiliate membership – This package costs $49.95 a month.
2. Coach Class – This package costs a one-time payment of $250 and a monthly fee of $49.95
3. Business Class – This package costs a one-time payment of $500 and a monthly fee of $99.
4. First Class – This package costs a one-time payment of $1,000 and a monthly fee of $99.
There are different contents that you will get from the packages and if you buy the more expensive packages, the higher your commission will be.
How can you earn with iBuumerang?
In MLM companies, you usually earn money by selling their products. You earn money by having commissions on every sale that you make.
They also encourage you to recruit people to work in your downline so you can earn more money and you get the help that you need in order to earn more commissions.
However, MLM companies make their compensation plans in a very complex manner.
iBuumerang is no different so here is a simplified version of how you can earn money with the company.
Retail commissions are what you earn when you sell the products of an MLM company. In this case, if someone used your boomerang and made a purchase, you earn 25% of their purchase.
This is not hard since you only need to find someone who would want a discount on their flights or cruises.
If you have a friend that is going somewhere for a vacation, you can offer a discount to them and you earn while you help your friend.
But this commission depends on the package that you bought as you signed up with iBuumerang.
If you bought 1 of the two cheaper packages, you only earn around $7 on a $250 flight. If you purchased the more expensive packages, then you earn a 25% discount on the same flights.
This is where you will earn a commission every time that you refer someone and they enter the business with you.
Your commission will depend on what package your referral chooses to purchase.
If they buy the Coach Class Package, you will earn $20.
If they buy the Business Class Package, you will earn $40.
If they buy the First Class Package, you will earn $80.
This is why the distributors encourage you to buy the more expensive package because they earn more money if a recruit buys a more expensive starter kit.
But keep in mind that the most expensive package costs $1,000 and a monthly fee of $99 so good luck trying to convince a business starter with that.
Residual income is where most MLM companies compare to a Pyramid Scheme. You see, when you recruit a new distributor, you will earn on their first purchase of the starter package.
But it does not end there. You also earn a small percentage every time that they sell a product to any customer.
When you recruit a distributor, they automatically go to your downline. The company bases the commission on that and you get a few percent of the total sales.
So that means that if you have more recruits, you are able to earn more money. This is what makes MLM companies look like a Pyramid Scheme.
What I like about iBuumerang (Pros)
1. New MLM means better opportunities.
- Since the money in MLM companies flows upward, it is better to join the business when the company is still new.
- iBuumerang was founded in 2019 which means that there are not too many distributors yet.
- You can enter the business in order to have the potential to recruit more distributors.
- It is better than entering an MLM company that already has a long list of uplines above you.
2. A company full of potentials
- iBuumerang is a new company with a lot of potential in them. You can see that the products they are selling are in demand and you can take advantage of that.
- Their iGo engine is a great approach to this niche since you have a better way of selling the products.
- Compared to other companies in the same niche, iBuumerang has the upper hand when it comes to the way they are selling the tickets.
iBuumerang’s ugly Truths (Cons)
1. Expensive startup and tickets
- The lowest you can get is under $50 in order to join the company, now that may be cheap but you do not get a lot from that.
- You still have to work hard so you can earn your Boomerangs and make more sales.
- That is why you are forced to buy the more expensive starting packages that can cost over $1,000.
- Their tickets are not that cheap as well. I mean, $250 is pretty cheap for a flight but you can get a cheaper ticket somewhere.
2. Good potential in management but not good enough.
- Founder Holton Buggs is a great leader of a company if you only look at his resume in his past business ventures.
- He has been a part of many MLM companies so that means that you are under good management.
- However, the thing is, Buggs has been under fire since many people noticed his name as one of many people in MLM that were complained against.
- Buggs is also known to promote sketchy products and companies.
Would I recommend iBuumerang to you?
In my opinion for every MLM company out there, NO. You are forced to buy stuff that you do not need and so you need to sell them in order to get your money back.
Having to deal with finding the customers that you need is enough but put another burden of recruiting other people in your business, well that is another kind of hell.
So save yourself and look for a better way to start a business online. Or better yet, look no more and try my suggestion.
If you really want to earn money and attain financial independence just by staying with your family at home, try Wealthy Affiliate.
Unlike iBuumerang, this business opportunity has no traces of being a scam. Nothing related to a Pyramid Scheme.
In fact, you do not need to recruit anyone and you are still guaranteed to make money just by sitting down and managing your own business.
See, you get excited when you know that companies such as iBuumerang will give you a website to work on, but once you get it, what will you do with it?
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