As someone who has followed MLM companies for years, the idea there is a cryptocurrency MLM seems a little bit crazy to me. However, as you will see in this iCoinPro Review, that idea is not crazy and actually make sense.
- Name: Name: iCoinPro
- Price: $39 per month or $99 per month
- Owners: Paul De Sousa
- Overall Rank: XX out of 100
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iCoinPro Product Overview
It is possible to get an initial favourable view of iCoinPro because it has no offices to speak of, and all its staff work from home. That small footprint is attractive and is a point for the company.
The company’s mission is to ensure its members have the best tools, products, and more available to work in the cryptocurrency market. The driving motivation behind the company is to teach others how to invest in the cryptocurrency market.
You get education, training, and information about the cryptocurrency market when you sign up, including Bitcoin. It is possible to sign up and market the memberships if you do not feel that you have the talent to be a Bitcoin investor.
Opportunities to be a distributor are available on the website, and the website is your standard MLM design. By that, we mean the site is designed to get you to sign up as a trainee or a distributor.
The Pros & Cons of iCoin Pro
- It is a new company great for ground floor entry.
- It works in the cryptocurrency market.
- You do get some training.
- There is an opportunity to make money. Several compensation options.
- You are your own boss and work your own hours.
The fact that iCoinPro is a new company is easily explained. The industry is new.
In terms of the ground floor, I have never seen that as a negative. There are people starting today in companies like Amway and Avon. They will be successful if they choose to. The age of the company and MLM business opportunity is irrelevant.
- The success rate in MLM businesses is still meagre.
- It is actually better in overseas markets.
- At one time, the failure rate used to be 95%.
- The Internet has improved that little, but you still need online marketing skills that most do not have.
Who is iCoinPro for?
One good target participant would be those people who are dissatisfied with traditional money markets. Cryptocurrencies like Bitcoin are attractive as it gets your wealth out of the hands of the government.
Plus, this online money-making business is for those people who excel at MLM business opportunities. It is another product that deals in a unique market, and it may capture the attention of potential investors who have some extra cash they would like to invest.
Finally, it is for those people who like non-traditional careers and like the thrill of selling unique products to people.
iCoinPro Review: Tools & Training
There is a special web page on the company’s website that leads you to their training program. The downside is that you have to sign up first and give the member the name referring to you.
It does seem that they have an extensive training program with lots of information to help you get started in the Bitcoin industry. The fact that they do train is another point in the company’s favour.
Another point in their favour is that they do have a support email address you can use. They only allow contact by email or snail mail, so that may take that point away. No one is talking about the support now, and it may not be as good as one would hope.
iCoinPro Review: Price
There is no doubt this company is a pay-to-play outfit, and as the training web page clicks the get started page button, you are sent to a page requesting the member’s name who referred you.
If no one referred you, there is a button to take you to the personal information page. What brought the sticker price shock is on this page; there is a sign-up option one. Most websites reviewing the company mentioned, that the opportunity cost is $99, not the $39 a month. Although if you want to be a distributor, you can pay a $40 one-time fee.
Oh, and that fee is $99 per month, and it is not a one-time payment. This is not a cheap company to sign up with. As far as we can see, there are no upsells to purchase afterward, but the sign-up fee is high enough.
After you sign up, there is a compensation plan that pays you for your efforts. The company lists 4 ways to make your commissions, but getting paid is complicated.
iCoin Pro Compensation Plan
I went to YouTube and found this 8-minute video showing the revamped compensation plan for iCoin Pro. This is the most current comp plan and shows 4 main ways to earn money.
1. Fast Start Bonus. You earn $50 when you enroll a new member. These are paid weekly, and they have additional income up to 5 levels deep.
2. Fast Start Infinity Overrides. Once you are at the 3 Star level, you can earn a 3% fast start overrides, paid every Wednesday.
3. Binary Commissions. These are paid monthly on monthly volume. You can earn up to 16%.
4. Matching Bonuses. These are based totally on enrollments.
This compensation plan can be hard to understand, and I have found that most people really do not care until they build their own group. On average worldwide, network marketers only enroll 2 new members into their downline. This means you focus on product sales to make money.
You can view the iCoin Pro compensation plan here.
My Final Opinion of iCoinPro
Cryptocurrency may be too complicated for most people to get involved with. Thankfully there is training, but that training may not be enough to help people who have difficulty wrapping their heads around technical details.
If you like MLM products and companies, then this may be the company to go with. Its product is unique and very interesting. Just make sure you know the compensation details before you sign up.
While it is not a scam or a pyramid scheme, you are most likely not to make a lot of money selling this company’s products. Unless you work hard and find a good market to work in, that applies to other cryptocurrency companies out there.
A Word On MLM
Why will you find negative or scam reviews? Almost always, these are people who are negative about MLM in general.
They do not like the business model and give poor rankings to just about every company. They use words like a pyramid scheme and scam business.
Network marketing is not a pyramid scheme business model. This has been proven over and over in court for many years now.
As long as real products are being sold to customers, MLM products are no different than any other business. The difference is in how they are brought to the marketplace.
MLM companies are direct sales companies. Like Amway, Avon, Tupperware, Watkins, Mary Kay, and many more, some of these have been around for what seems like forever. Amway is over 60 years old now.
Do you think a scam business would survive for 60 years? Of course not.
You Gotta Sell
If you focus only on recruiting new members into your downline, you violate the FTC. You need customers paying retail for your products.
Only then can you focus on sponsoring and working with your downline. I think this is great, and iCoin Pro puts a big focus on getting customers. This is evident in their pay plan.
Let me summarize my iCoinPro review this way. From my research, this appears to be one of the better opportunities in the financial business opportunities.
If you want to help people learn about trading cryptocurrencies, this is a business opportunity you can do with.
I pulled this off of their website…..
“From understanding Blockchain technology, and what different cryptocurrencies can be used for, to buying your first Bitcoin, and keeping you up to date on changes, news, and updates, iCoinPro is the complete Bitcoin and Cryptocurrency training program available anywhere.”
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