Is Wealth Generators a Pyramid Scheme? Yes, It Is. – Read Here Why!
Is Wealth Generators a Pyramid Scheme? Many people have asked us that question so we decided to write this review for you. Wealth Generators has more than 40,000 members worldwide in 40 different countries but you shouldn’t be blinded by big numbers.
As the old saying goes, everything that shines ain’t always gonna be gold. Even though they have huge promises, it’s not a guarantee of something greater.
I am sure you’ll enjoy your honest review.
Wealth Generators Review
Name: Wealth Generators
Field: MLM -Programs
Overall Ranking: 5 out of 100
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What Is Wealth Generators All About?
Wealth Generators is a Multi-Level Marketing (MLM) company that sells a trading tool. They promise that their software will give you an enormous return on your investments with 1-2 hours of work per month.
If we honestly think, their claim is ridiculous. Many professional investors on Wall Street are using at least 40-50 hours every week trying to get profit. How could one simple program make such difference? I have some experience as an investor and I can say that you can earn good money with little work. But it doesn’t happen quickly even you would have a magical software.
How fast has the world’s most successful investor, Warren Buffet, generated his wealth? In +70 years by investing in valuable companies. Even though he is the best, it didn’t happen overnight. It took many decades.
When I have followed the investing scheme for a while I have noticed what is the most common investing advice:
Give your money for us.
And that is what Wealth Generators is trying to do as well.
Is Wealth Generators a Scam?
They give you a Forex trading platform and “training” that is supposed to make you a big money in a short period of time. However, you could download a Forex trading software also for free on the Internet. Companies are giving it for free because then they will earn commissions when a person trades money there.
Even though their product is supposed to concentrate on training, their main focus like in all MLMs is recruiting new people. I prefer affiliate marketing because there you don’t need to recruit new people. You can provide great value for other people and help them genuinely.
Colombia’s Superintendencia Financiera regulatory body claimed in December 2016 that the Wealth Generators is a pyramid scheme. CSF is a similar to the United States Securities and Exchange Commission (SEC). It’s a Colombian government agency that oversees the financial regulation and market systems. If Colombian government’s officials are already claiming that the Wealth Generators is a pyramid scheme, I am not going to oppose.
How Many People Belong in Wealth Generators?
I am always wondering how so many people get into MLMs. The promises of getting rich quick must sound so interesting that people are ready to risk for a few hundred dollars for that. Then they realize that they will never get their money back if they don’t recruit new people. The leaders make you believe that this is a good system and it will eventually work.
Then new people are losing money until they recruit new ones and so on. One reason that MLMs spreads to many countries is probably because in a new country people don’t probably know it’s a scam. But nowadays we have the Internet so you should always check a few reviews if somebody is selling you some get rich quick schemes.
If somebody tells you that they have done lots of money with Wealth Generators or with other MLM, it doesn’t tell that a system would be legit or valuable. Even drug dealers are making big money but are their action giving value to other people? The truth is that more than 80% of people never make money after joining an MLM system and 99% earn less than an average salary.
Think about you and your 99 friends. If all of you would join MLM, only one of you would be earning good money on average. And most of you would be losing most of your money.
MLM-systems excite people because it’s always something “new and different”. They have a feeling of being their own boss for a while. It’s something very different than their normal 9-5 jobs where they know the routines and everything is the same. But a normal day job is in 99% of cases more profitable than MLM-systems.
Wealth Generators Compensation Plan – Legs and Downlines
This video explains why so many people have joined Wealth Generators. They are intrigued by the compensation plan because their members make it sound so good.
NOTICE: This video is here just for educational purposes. Be careful of promotional material in the video.
What Is the Price of Wealth Generators?
One important characteristic of a pyramid scheme is that its products are much higher than their real value. This is the case with Wealth Generators. Here are the prices of their main products.
As you can see, even their cheapest products cost $149,99 per month which equal to$ 1,800/year. I don’t know about you but I wouldn’t put my money into a system that has a very bad reputation. There are many other reviews on the Internet that reveal that Wealth Generators is nothing but almost illegal MLM-program.
They promise you the TRIPLE refund if you are not making money with their system withing 6 months. This sounds like a good reason to join Wealth Generators. But do you know what? They have very strict rules that tell how one could possibly get a refund. Those rules simply mean that nobody can really get a refund.
Conclusion – Is Wealth Generators a Pyramid Scheme?
Yes, this seems to be nothing more than a typical pyramid scheme. A lot of hype without any significant value. If you are interested in making real money online, I recommend staying far away on pyramid schemes and MLMs.
My #1 recommendation to make a living online is Wealthy Affiliate for several reasons:
1.Your earning potential is limitless
2.You will learn real skills
3.You can provide important value for other people
4.They offer very good support
5.You will get all online business tools that you need.
and 6.You can start for totally free.
Wealthy Affiliate teaches you to build a real online business instead of recruiting people into shady MLMs.
Wealth Generators at a Glance…
Name: Wealth Generators
Field: Make Money Online -Programs
Overall Ranking: 5 out of 100
Have you tried Wealth Generators or other MLM-companies? What were your results?