Is Wealthy Affiliate a Pyramid Scheme or Multi-Level Marketing? I have explained What is Wealthy Affiliate and how it works in more details and you will also learn the Wealthy Affiliate benefit in the review.
You will need to read it to decide if Wealthy Affiliate is the right fit for you and it will also help you to make an informed decision.
Today I want to answer this question is Wealthy Affiliate a pyramid scheme or Multi-Level Marketing (MLM)?
I read a review on the internet someone said Wealthy Affiliate can not be considered as strict pyramid or Multi-Level Marketing (MLM) scheme, but it does have elements of both.
That is very shocking!
When people are desperately in need of money they will be calling legit programs all name just to make some quick commissions.
I just feel bad for newbies is very hard to find an honest review on the internet. Everyone is writing reviews with a dollar sign in the eyes.
The making money industry is very unethical.
I will explain in this article what is a pyramid scheme and what is the Multi-Level Marketing (MLM) at the end of this article you will be able to know if Wealthy Affiliate is Pyramid Scheme or Multi-Level Marketing (MLM).
Advice for all the newbies out there you can try Wealthy Affiliate for Free and decide for yourself if it is the right program for you or not.
Any program you find on the internet that does not give a Free Trial and they want you to pay upfront to get a hand on the program.
That is probably a low-quality program…
You can just put in your mind that they are in the mission of making money even if they have a money-back guarantee.
Mercedez, BMW and other brands give you a chance to drive test their cars before you buy it that how it should work.
Other software and games also have demo product to try it out before you buy.
Why not those programs? Clearly, they are not confident enough with their programs and what they are selling.
Is Wealthy Affiliate A Pyramid Scheme?
Nope. Wealthy Affiliate is the Internet and Affiliate Marketing Training Program that teaches people how to start a NICHE website and promote different products in your chosen niche and start earning commissions online.
They teach members how to build a stream of income with the internet. I have seen a lot of members creating their online courses with what they have learned from Wealthy Affiliate and the community.
Probably my answer is not convincing enough right?
Let look at the definition of a Pyramid Scheme so you will understand a bit more.
Pyramid Scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products.Wikipedia
The video below explains how a pyramid scheme works and other people are saying the Pyramid Scheme is like Stealing from Peter to pay Paul.
In this case, they are no products to sale. People are making money by recruiting other members.
When you sign up with Wealthy Affiliate you will have two sorts of training the Online Entrepreneur Certification and the Affiliate Bootcamp.
Again you will have other tools like Keyword Research Tool, Web Hosting, Web Builders and more.
Those are package you will have at Wealthy Affiliate.
I just mention those pieces of training and tools to make you understand that Wealthy Affiliate has real services and tools most online entrepreneurs use them.
You can promote it and make money.
I am telling that Wealthy Affiliate is not A Pyramid Scheme. It merely an Internet and Affiliate marketing training platform.
Is Wealthy Affiliate A Multi-Level Marketing?
Nope! Multi-Level Marketing also members makes money by building downline and those are the top line are the one who makes more money.
Multi-Level Marketing is also called Network Marketing also known as a Pyramid Scheme.
You will need to recruit people to make money although they are products to sale. But members are told to recruit more people to make money.
Herbalife was accused and changed by Federal Trade Bureau for operating as a Pyramid Scheme, but the company is known as Multi-Level Marketing.
But the reality is most people make more money by recruit people not just by selling products.
Oh! Wait a minute…
Maybe are saying Wealthy Affiliate also recruit people even though they have a product.
No Wealthy Affiliate members do not recruit people they invite people to join the Wealthy Affiliate Community through an Affiliate link.
Wealthy Affiliate Members promote WA Membership.
The WA Membership is including
- Internet and Affiliate Training: This training helps people to start an online business even be consultant helping with the marketing campaign or SEO for the Local Business.
- WebHosting: This able people to host your website and other people websites. You can manage your local client website for a monthly fee.
- Keyword Research Tool: Every blogger or online entrepreneur needs this tool for high ranking in search engine.
In short Wealthy Affiliate, members promote real products and invite people to join an online entrepreneurship community.
Again Wealthy Affiliate has only two-level. You as a member and your referrals.
Your referrals can choose their own direction and they not entitled to promote Wealthy Affiliate.
They can choose other products to promote and you can not earn any commission for wherever they do with their website.
What is Wealthy Affiliate and Why People called it Pyramid Scheme or MLM?
Wealthy Affiliate is an Online Internet and Affiliate Training platform and an Online Community for all the Internet and Affiliate Marketer.
As a member, you will learn how to promote different products online and make commissions.
Wealthy Affiliate as Two pieces of training:
- Online Entrepreneur Certification
- Affiliate Bootcom
Online Entrepreneur Certification
This is series of video and text training that will teach you how to turn your hobby or interest into a profit.
It sounds crazy, right?
The training teaches you step by step how to build your own NICHE ( hobby, interest, or Skills) website and start making passive income.
You can also download My Free Making Money GUIDE to understand the entire process.
This is the training where other people are calling Wealthy Affiliate a Pyramid Scheme or Multi-Level Marketing (MLM).
In this training, you will learn how to build your own website and start promoting Wealthy Affiliate.
You will learn how to promote Wealthy Affiliate through content marketing.
You do not need to meet anyone, throw parties or networking and you do not even have to open your mouth to make money.
All you need is write product reviews on your website and other articles that people are interested in and invite (Not Recruit) them to join Wealthy Affiliate simple as that.
You will learn how to write content that ranks in search engines like Google, Yahoo, Bing and others Search Engine using a Keyword Tool called Jaaxy.
If you are reading this article it means Wealthy Affiliate works.
Affiliate marketing strategy helps many companies and other people to save a lot of money on the marketing cost.
Instead of those companies throw money on paid advertisements and other marketing strategies.
They prefer to partner with you as an Affiliate to promote their products and pay you a commission for every sale
This video below will explain Well What is Affiliate marketing and why many entrepreneurs use this strategy.
Wealthy Affiliate Success Story
If you have watched those video that explained the Pyramid Scheme and MLM business model you will understand that is hard to make money with those business model.
People who make money are those on the upline.
Affiliate Marketing is different and there is room to make a lot of money and you do not share your profit with anyone besides your family and friends.
With Affiliate Marketing the sky is limit.
Do not get me wrong I am not promoting a get rich quick scheme and Wealthy Affiliate does not teach such.
Therefore, if you follow all the training and put the work you can make 6 to 7 figure online.
I have seen a lot of people making a lot of money online with what Wealthy Affiliate teaches and you can read Wealthy Affiliate Success Story here and they are a lot more.
I am telling you again there is a lot of misinformation about Wealthy Affiliate on the internet that how people are making money online.
I hate the making money online industry there are too many unethical people who deliberately called legit programs name and referral what they are promoting just to make commissions.
Be aware of those people they are many of them online. Only signup with a program that offers you a free trial so you can have a hand on the program and judge by yourself.
Wealthy Affiliate is not a Pyramid Scheme or MLM business model is the Internet and Affiliate Marketing training that has an Affiliate Program.
You can sign up as Starter Member ( Free Membership) and start promoting Wealthy Affiliate and make commissions.
But if you do not have any affiliate marketing experience you can not make any money with the free membership.
You will need to upgrade to Premium Membership and learn step by step how you can promote any product and build a stream of income online.
Share your Wealthy Affiliate Experience.
Are you Wealthy Affiliate Member or you have been in the past? Please share your experience whether good or bad it does not matter as long as it helps my reader to make an informed decision.