Before we step further, Multi-Level-marketing (MLM) business model in cryptocurrency is based on High-Yield-Investment-Programs, these kind of company often offer outrageous return-of-investment (ROIs). Most of them claim that they have system that can generate huge profits by either bot trading, investment, real estate or even gambling but you all know "most" of them are not true. In-fact most are just using the money gotten from new investor to pay back to the old investor
IF YOU'RE HIGH-RISK TAKER AND YOU LOVE HIGH-YIELD-INVESTMENT-PROGRAMS (HYIP) THEN THIS IS FOR YOU
We are going to breakdown the parts on making money with Multi-Level-Marketing (MLM) program
1. CHOOSE THE RIGHT BUSINESS MODEL AND PLANS
Be smart and choose the right one that have sustainable business plan, make sure that you didn't came across some shady programs that offers unrealistic plan. Some programs claims that they do "Real Estate Investment" and still be able to gain capital investment back within 20 days with a daily interest of 3~5% per day. Seriously? That's more than outrageous! Which kind of real estate investment can give you back full capital and profit afterward in just 20 days? If you do LET ME KNOW, just take my MONEY. Look out for company that offers decent amount of percentage on plan and long period of time to gain back your initial investment, some company do really have "Bots" to generate profits, let them have time to breathe. The longer they can breathe and the longer they can survive. FXtradingcorp offers daily plan of 1.4% on average and it doesn't pay-out of sat/sun. On average it is expected to gain capital back within 105 Days. That is much more sustainable than some shady companies that offers 5% daily and gain capital within a short amount of time.
Also, HYIPs need new investor to cover what is necessary to pay the old investor, most often the company will offer referral programs to encourage you to bring in newer investor. Look for company that offers reasonable referral commission/compensation plan to the up-line; that will add more value to company. Some HYIPs offers 15% & above for direct referral commission and promise up-to 10 level without any requirement, that will not breathe long for this kind of business model. The company that I mentioned above only offers 6% direct referral for one time only and 10% on small leg for compensation plan and there is a requirement for compensation which makes it more reasonable.
What I'm trying to interpret here is that the whole business model that they used to generate profit are unrealistic. therefore, the business is unsustainable, little do you know they collapsed the next day. Look for right company that are more realistic, this doesn't rule out you won't get deceived, but it can lower all the possibilities of getting con too easily.
2. CHOOSE THE COMPANY WITH HYPES
You mustn't forget the hypes are the driving force to keep the company long lasting, the wide range of community promote the programs widen out the reputation of the company and this is the cornerstone to bring in more new investment to keep the company running.
Here are some of the platforms where you can check the hypes:
YouTube: keyword searching with YouTube and look at how many people are making videos, the number of views and most importantly the reviews of the company.
Alexa: Allows you to check the popularity of the website ranking with this platform you can look at the growth of the website, this is important because you can roughly estimate whether the company is moving ahead or declining.
Google trend: Allows you to analyse the popularity of top search queries in google search. They used graphs to compare the search volume of different queries over time.
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3. GET IN EARLY (TIMING IS EVERYTHING)
To really make big money in Multi-Level-Marketing (MLM) in Crypto you need to join at the right time. Don't join on a company that are already been too long and in peak period, I called it the "bubble over". Everything High-Yield-Investment-Programs (HYIPs) has their own life cycle growth, most smart investor joined during the growth or steady
phase.
I have broken down into every individual phase for a clearer understanding of the full picture below:
Beginning phase - at the beginning, most of the company runs small marketing campaign and let their investor to test out their "services" and this is the part where they do not have a lot of people to join the company, so they will have more bounty and contest going around to gain awareness. The beginning is the safest part for investor to come and play along because it will allow investor to have more advantage of staying longer in the program but there is a risk for that, if their service did not perform as expected it will result in slowing down everything and that will cause the company to collapse because they do not have the capability to recruit more people.
Growth phase - this is where you will see growth of the company and the investor will start to realize that this is a profitable company with good services and futures ahead, Once the service are starting to gain its traction, the investor will start promoting the company.
Steady climb - during this climb there is steady inflow of investor that invest their money into the program and company start profiting from the new investor, with that say they will have enough to cover and pay back to the old investor as well as growing the company.
Peak phase (Bubble pop) - After a long steady climb finally, the company has reached to a peak where they will have declining sign, they get exhausted from the resources and investor start falling apart. Company will start trying to bring in more investor by advertising, but nothing works and there is no new investor to keep the funds flowing.
Declining to an end of cycle - That is when the company has finally reached declining part where they will have no funds to pay back the investor and grow the company, no matter how they try the cost of ads are just not helping and that's when they decide to exit with the left over profits from the new investor.
4. BUILD A TEAM AND GAIN COMMISSION FROM REFERRAL
Ya,ya,ya!.. I know right, building a team and inviting people can be very frustrated and annoying especially if you do not have any experience on network marketing. But you cannot deny the fact that gaining commission from referral is one of the most profitable gain in HYIP; Of course, you can choose not to recruit anybody because this is just an alternative way gain bonus. No effort = No money = No honey.
Below are some ways where you can build your team and gain more commission
Familiarize with the company - Go through with your sponsor for the information and resources that you need, get familiarize with the company and study their compensation plan, what perks and benefit that the company offers. Study and gain knowledge with the company so that you can provide guidance to your down-line and they can build their own team.
Make a video review - Making a video review not only allow investor to have clearer picture of the company but also it shows your understanding towards the company, this can greatly bring more value to your side.
Tell a story - Story telling creates illusion, let them imagine and maybe that one day they will have the same result as what the story is being told. It can be stories from upline, downline or company.
Post - Posting on several platforms can help to increase awareness and visibility, writing review or posting article are the most effective marketing way to build loyalty to your side also this can help to build credibility and give investor a better understanding of your company and how you function.
5. OFFER BENEFIT TO YOUR DOWN-LINE WHEN THEY JOINED YOUR TEAM
By offering benefit will attract investor to have more reason to join under your team. As a result, they should be willing to join your team with the mindset of getting rewarded, which can generate more people under your down-line.
BELOW ARE ONE OF THE EXAMPLE OFFERED TO MY TEAM
Join my team Fxtradingcorp and you will:
- receive 10% of my commission directly to your BTC wallet.
E.g. You invest $1000 and my direct referral commission will be $60, you will receive 10% of that which is $6 for one-time reward ONLY. - Get invited to my private group for FXtrading, you will receive FULL support
- Get to join contest
Find me on telegram @Cryptogamee and input your FX-Username, and your Bitcoin wallet address.
CONCLUSION
DON'T GET REKT AND…
- CHOOSE THE RIGHT BUSINESS MODEL AND PLANS
- CHOOSE COMPANY WITH HYPES
- GET IN EARLY
- BUILD A TEAM
- REWARD YOUR TEAM
…
Thanks for reading, your welcome.