Is UpCrowdMe A Scam? A Crowdfunding Ponzi Scheme?!
Welcome to my UpCrowdMe Review!
I know how satisfying the feeling is when you support someone’s dreams or impossible endeavors. From your perspective, it inspires you in a way that you see how they could achieve their big dreams in their ways.
This is how crowdfunding came into existence. As philanthropic as it sounds, scammers used the same financing method in their schemes. In 2015, the first crowdfunding scam was reported to Consumer Reports.
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Later, more and more crowdfunding-related scams are reported, leading to distrust from people who were once fans of these programs. Yet, with its rising number, you can’t help yourself but doubt if this is legit or not.
With that being said, we’re here to discuss a new crowdfunding company that does the same thing, scamming people around the world.
Are you ready to know more about it? Let’s dive into it. Shall we?
UpCrowdMe Review - Quick Summary
Founder: Tim Bentley
Type: Crowdfunding-based affiliate program
Price: $5 + hidden costs
Best for: Nobody.
Summary: UpCrowdMe is a crowdfunding-based affiliate program in which members can lock-in after paying $5 from PayPal. The income relies heavily on recruitment as referral rates serve as the basis for the compensation.
Is UpCrowdMe Recommended? No. It practices shady tactics to compensate the members. More reasons to follow when you read towards the end of the post. For now, if you want to make a legit and lucrative source of income, click the green button below to learn how.
What Is UpCrowdMe?
UpCrowdMe is a crowdfunding-based affiliate program established in 2019 by a guy named Tim Bentley.
According to sources, with only $5 lock-in cost via PayPal will pave the way to passive income. But that’s not the only cost you have to pay. I’ll tell you their secrets shortly.
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The interesting, yet, the shady part about this opportunity is its compensation plan in which it doesn’t push its members to recruit to earn more referral commissions.
If you happen to read Roope’s post about YouCaring, a legitimate crowdfunding program, then, think UpCrowdMe as the opposite.
The users, who have tried this first-hand, said that the money keeps coming in even without doing anything.
Who Is UpCrowdMe For?
How does this work?
One blogger revealed the UpCrowdMe system. She wrote that as soon as sign-up, the company sent her access to a Facebook software that allows you to do friend requests on your behalf.
Fernando Cardinali, who I suspect is a UpCrowdMe affiliate, added that with your $5 you can enjoy the full access of the social media donation software which is claimed to be of $4,000 value. This is the key player in your income with UpCrowdMe.
My curiosity about the software urged me to do my research. I found out that it's possible to purchase a tool that's going to do the exact thing as UpCrowdMe claims to be exclusive.
If you think only the software is only accessible with the company, you're mistaken. You can do your business based on the exact model UpCrowdMe follows to expand its business. Only if you understand how this works.
There are 2 things you need to keep in mind:
- You need a crowdfunding software that's going to deliver the funds from the people.
- You need a social media tool that helps you reach out to random people faster.
As opposed to UpCrowdMe's claims, the cost for 2 programs isn't way below from its $4,000 value. If you try to see the top recommendation, Donor Tools, it will only cost you $19 per month.
In addition to crowdfunding software, one of the most popular choices for a "Facebook friend request" software is Socianator.
When I scrolled down the page and saw their pricing, the cost will be around $9.95 per month to as high as $69.95 per month depending on the plans. If we combine the costs, it was way below $4,000.
But you’ll never realize the complete rip off unless you activate your detective skills and study their opportunity promised to its members.
For instance, UpCrowdMe chose the most expensive and most popular plan, the Enterprise, they spent $69.96 per month. They simply shared the access with you in exchange for $5.
From a members' perspective, you would think your $5 investment grows at an exponential rate. Yet, what happens is you're getting a share from a massive number of donations from the friend requests you sent.
The victim, who happens to be gullible, bites the bait and funds the project or whatever non-existent ideas you have. Here's the basis.
Aside from the $5 lock-in investment upon signing up, you are "enforced" to upgrade your donations to $20 to as much as $1,000 thinking this would give you more benefits than that with a lower investment.
Overall, it is best not to stay away from UpCrowdMe because it is considered a crowdfunding scam. They don’t have a real project, which supposedly acts as the product, the reason for gathering backers to fund it.
What is happening today isn’t right.
Pros & Cons of UpCrowdMe
At this point, the UpCrowdMe scheme is getting clear. Therefore, we go straight ahead of the negative points about this company and its sketchy tactics to scam people.
1. Hidden Costs
Jerry Huang of Small Affiliate Success noted the hidden costs most members have to pay to leverage their compensation.
For instance, they have to spend $20 for the team logo, $100 for the website, $200 for creating 2 Facebook Business pages, etc. If you think about it, you don’t need to spend too much to start an online business.
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2. Pay-To-Play System
As I pointed out before, you need to spend more dollars on donations if you want to experience UpCrowdMe features 100%. This system is evident among other scam online opportunities like SmashFund.
Your $5 is just the starting point. You are only at the training level, which means you don’t have the chance to experience the entirety of the program per se. Once you spend more on upsells, they will give you the features you paid for.
Here’s the thing.
The products and/or services offered after you sign-up in exchange for several dollars or even hundreds of dollars are overpriced. You can make your team logo for free or set up a Facebook business page without costs.
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You are paying UpCrowdMe’s resource intended to pay affiliates. With that being said, it is clear they are a Ponzi scheme. This leads us to my next point.
3. Crowdfunding Scam
"Kickstarter requires makers of tech and hardware products to develop a working prototype before launching their campaigns, but not all crowdfunding platforms are as stringent," Gillian Terzis wrote on Backerkit.
She explained that legitimate crowdfunding programs have real products after outsourcing the funds to make the project possible.
The backers who paid for the project will then benefit from it and tell their stories about their experience. Because crowdfunding campaigns are established to answer backers' questions like "Will I expect to receive the product?"
From that alone, you will realize that only credible crowdfunders practice transparency in their business. Unfortunately, UpCrowdMe doesn't do that.
What they disclosed is the $5 opportunity, excluding the hidden costs to expand the members' income opportunity as I pointed out earlier.
If this is lacking in any crowdfunding campaign, this is the right time for you to be suspicious.
4. Relies Heavily on Recruitment
This is yet another thing to consider a red flag in UpCrowdMe’s system. A company is considered a scam if the system relies heavily on recruitment for business growth and expansion.
Although the members claim their earnings keep on increasing despite having no efforts in the business, this is fake.
What keeps you making money are the upsells or the hidden costs collected from other members to keep the business going. Why?
There is no real product UpCrowdMe can offer in the first place, right? So, how would they make real money without something to sell except for memberships?
5. No Real Product
UpCrowdMe doesn’t have real products to promote or to sell. Their members sign-up in hopes of making money only to find out they end up selling memberships for $5.
But that’s the start. They have to spend another cost to keep their business and enjoy the benefits UpCrowdMe offers them. The same way their downlines experience in the business, too.
6. No BBB Registration
This is one of the crucial parts to determine which company is legit and whatnot.
Most of the time, we have observed that most companies with questionable services and products don’t have any profile registered under the Better Business Bureau.
And because UpCrowdMe doesn’t have one, be wary.
Is UpCrowdMe a Scam?
There’s no doubt that UpCrowdMe is a scam crowdfunding-based affiliate program for several reasons.
To be specific, it practices the Ponzi scheme in a way that the company relies heavily on recruitment for the sake of compensating the other members.
The only money circulates is through memberships and upsell costs, which happens to be undisclosed to the members upon signing-up.
From the members’ perspective, it doesn’t sound right. Believing they could make money without making any effort is alright, it is not.
Credible and professional crowdfunders know they have to produce something valuable for the backers who helped them finance the entire project.
They maintain transparency right from the beginning. Even before they spend some bucks to support your endeavor. This is unfortunately not the case for UpCrowdMe.
They don’t have the real product to sell for its target customers and its members (like multi-level marketing companies who require Personal Purchases or PV).
The costs for the membership aren’t disclosed except for the $5 lock-in fee via PayPal. Little did the members know they have to keep donating to keep their business running and might have to spend more to expand their business.
This depicts a Pay-to-Play scheme which is rampant among scam companies regardless if it’s an affiliate marketing program or multi-level marketing company.
As long as you are required to purchase more without being notified from the start, you have to feel doubts about what you’re investing.
Conclusion - Is UpCrowdMe Worth It?
Given the information gathered in this post, it is clear that UpCrowdMe is not going to be worth your time. It is best to stay away from this crowdfunding scam before it’s too late.
Several reasons can be presented as to why we came up with this judgment. First of all, they don’t have any records from reputable company review sites like the Better Business Bureau (BBB) as most crowdfunding projects do.
The second reason is the non-existence of the product or online programs for its members to enjoy, learn, and value. At least, there is a clear reason for investing $5 for a 1-hour crash course, for example.
There’s none. As soon as you join the company, you are entitled to gain access to its flagship social media software that’s worth $4,000, well, in fact, it only costs a couple of hundreds of dollars in total. If not, lesser.
Whatever is offered to you in UpCrowdMe, these types of services and tools are made available for a cheaper price. Others come for free.
For instance, creating a team logo, you can have it professionally done on Fiverr. Or, you can do it on your own via Canva.
Tons of ways are available on the internet. Name it. But UpCrowdMe takes this as an advantage, clearly targeting those who don’t know how online money-making works.
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Now that I shared my thoughts on my “Is UpCrowdMe a scam?” post, it’s time to turn the table and ask about your experience, in general.
What kinds of experiences do you have with making money with UpCrowdMe? Is it worth your time, money, and effort?
Do you prefer to begin earning your first passive income through affiliate marketing or you instead invest your time, money, and effort into income-generating opportunities like this?
Let me know in the comments below! 🙂
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