Smashfund Review – Is Smashfund Legit Crowdfunding Platform?
Owners: Rob Towles
Overall Rank: 0 out of 100
The first time when I saw this website Smashfund was from the review by the Wealthy Affiliate member. I went to his website and saw his positive review about the product. I left the comment that the product looks like a scam to me.
He didn’t respond.
Then I went and see another positive review about Smashfund where the blogger praised the product. I also left the comment for him. He responded that he had earned thousands of dollars already.
I made some searches on Google to see what people think about it.
I was surprised to see that there weren’t any negative reviews at all. After two weeks I found out the reason which I will reveal you in the end of the review.
That time I only could found videos on Youtube that claimed you can make $64,000/month with Smashfund. Maybe you have seen similar videos. Or maybe someone has invited you to join.
Today, I am going to give you my honest opinion and explain why I don’t recommend joining Smashfund.
What Is Smashfund All About?
Smashfund is a social crowdfunding platform. Crowdfunding means that you have some project and then you ask people to fund your project. For example, you can fund your new music album, movie or project to help African children.
Smashfund is designed to work like Facebook and other social medias where you have your social networks and you can communicate with them.
One important thing to notice is that they haven’t still launched the product. They are planning to start Smashfund in July 2016.
How Could You Make Money with Smashfund?
The basic way to make money with Smashfund is crowdfunding but it doesn’t seem like the way that people are marketing the product. They claim that you can earn $64,000/month but they don’t talk about the crowdfunding.
Smashfund works like a pyramid scheme. Invite people to join and you will get the part of their membership fees.
Their payment system has two aspects.
1.You earn $50/month for every person that you invited to join.
2.You earn $4/month for every person that your referral brings to Smashfund.
That sounds very lucrative. Bring 10 people and you are already earning at least $500/month and probably much more if they keep on inviting the other people.
After seeing such a potential I wanted to take a closer look.
How Much Does It Cost to Join?
As you can see in this picture of their website, it’s free to join right now. But starting from July they are planning to bill $149/month from every member. That means $1,788/year. Quite an expensive product.
The high price is not the only thing that bothers me. (Read 5 POWERFUL TIPS how to avoid scams online!)
You need to put all your credit card information right away when you register. Even though you would like to try it for free, they ask your credit cards.
Then you can’t join without putting the invite code. You need someone to invite you if you want to join in.
Let’s Ask the Reliable Online Entrepreneurs
I decided to ask about Smashfund from some very successful internet marketers in Wealthy Affiliate. None of them had really heard about the product before. Some of them said that it seems like a scam.
Well, I still wasn’t sure about the product. Somehow it looked like a scam but it was also a bit appealing because some people claimed that they have earned thousands of dollars using Smashfund.
I wanted to wait and see how the things evolve.
I remembered the product a couple of weeks later. In Wealthy Affiliate, I have got to know many online entrepreneurs that I can rely on. They had something to say about Smashfund.
Read the comments below.
Many people were experiencing the same as I was. They had left a suspicious comment about Smashfund and the comment was denied. I have already seen 5-10 people saying the same.
It seems that they don’t want anyone to speak bad or pose the questions about this product.
That’s the reason why you hardly couldn’t find anything negative about them a couple of weeks ago! The banned everything.
Lynne Huysamen uploaded a video about Smashfund to Youtube where she showed that the product is a scam. Then Smashfund company contacted Youtube in order to delete to video because it violates the copyright.
Well, she needed to delete that video but she uploaded another one where she tells the truth about the product.
You can also find the original video on her website where you can also take a look to the member’s area.
The surprising fact is that there is literally NOTHING in the members area yet. Just the invitation code.
Another Question about Smashfund
Some people claim that they have earned thousands of dollars already by Smashfund. Well, how is that possible?
If it’s free to join for everyone so far and no one has paid a single penny, where has the money come from?
The most obvious explanation is that they haven’t earned such money and they are just lying.
They believe that the product will work in the future. They even lie to people in order to make some money themselves. My conscience doesn’t allow such behavior.
Is There a Support in Smashfund?
To be honest, there are much better support systems out there.
All they have in Smashfund is one email address firstname.lastname@example.org. You can send them questions and see if they answer.
The Founder Rob Towles
Rob Towles talks convincingly in his video about Smashfund.
But one thing you would like to know about him is that he has run the Efusjon pyramid scheme in the past.
That’s definitely not a good sign from the company. It’s lead by the former scammer.
Maybe Rob has changed but in my eyes his new project seems like another pyramid scheme.
Is Smashfund Legit?
Make money by inviting other people to join. Doesn’t it sound familiar?
All of these scams are based on the same idea.
Pay an expensive monthly fee. Invite new people to pay the expensive monthly fee and earn the commission.
The system can make the founder rich but milk the money from the members. It doesn’t provide any real value. The other name is Pyramid Scheme.
The good news is that there are some better ways to make money online. You can make money by selling other people’s product. Sell, for example, the products in Amazon that you can honestly recommend.
Wealthy Affiliate provides a step by step training on how you can build a real online business that’s not based on cheating people.
Smashfund at a Glance…
Owners: Rob Towles
Overall Rank: 0 out of 100
VERDICT: NOT RECOMMENDED.
I hope you found this Smashfund Review helpful. Don’t hesitate to leave your questions and comments below. I will be more than happy to respond every comment personally.