This is a very detail and unbiased Solmax Global Review that will help you to understand the entire business model and decide if you can sign up with solmaxgobal.com or not.
I have spent more than 50 + hours analyzing the Solmax Global compensation plans and how they operate.
I have to tell you they have a complicated compensation plan and their operation is not straight forward.
Therefore, if you are researching:
- What is Solmax Global is all about?
- Will the company help you to improve your financial health?
- Is Solmax Global a scam or legit?
- The common complaint about Solmax Global.
- Is Solmax a Pyramid or MLM Scheme
Then you have come to the right.
Before I start going deep in this Solmax Global Review.
I have to tell you that I am not affiliated with this company in any form and no one pays me to write this Solmax Global Review.
I just think is very fair if I explain to people what the company is all about and what people are getting involved before they sign-up.
I will also take this opportunity to introduce you to My Top Recommendation platform that will teach you how to start your online business without recruiting anyone.
This will give you more option to explore other opportunities and make the right decision that you think is good for you and your financial growth and stop relying on one single income.
What is Solmax Global?
Solmax Global claim to be a Multi-Level Marketing Company that gives people an opportunity to build a revenue stream of income to improve their financial health.
They also claim that their company is determined to help entrepreneurs succeed by offering strategic training and support.
If you are thinking of improving your financial health you need to stay away from any MLM company. Those companies are blood sackers.
The MLM statistics and studies I have shown that MLM participants (distributors) make less than 70 cents per hour in the sale and few of them make $500 in the last 5 years.
By the way, on the Solmax Global website, there is no information to shows who is the owner of the Solmax Global this can be a big red flag.
Any MLM company that does not come forward and provide the owner information does not worth your hard money.
The company history is very important we have seen such companies gain some popularity in the morning and vanish the next day.
When I check out on who.is it shows that the website domain was registered in 2010.
Most people said it is a UK based company and others say it is from Pakistan. On their terms and conditions, it says register office is in the Republic of Ireland.
How does Solmax Global work?
As Solmax Global member Aka Independent Marketing Partner (IMP) you will have the opportunity to earn substantial levels of commission by promoting Solmax Global Membership.
The company membership starts from £25 to £5000 you can choose any membership that you can afford by checking the list below:
- Rockie – £50
- Basic – £100
- Starter – £250
- Executive – £500
- Professional -£2500
- Elite – £5000
Solmax Global does not have any retail product or service to sale to the public. The claim that their IMP’s are investing Equity Token.
This is some of the cryptocurrency that was created by Solmax Global and this will rise in price by 600% to 800%.
Every MLM company that does not have any retail product they always come up with some sort of investment like oil and other cryptocurrencies to make their business legit.
In reality, there are just a Pyramid Scheme.
As Solmax Global member (Independent Marketing Partner IMP) make most of their money by recruiting new members.
With this type of business, you are a salesperson for an MLM company.
You are making money by selling the company’s membership from recruiting other salespeople and getting a percentage of their sales, then a percentage of sales from the people your recruits recruit, and so on.
The Independent Market Partner (IMP) is just a fancy name. You are a salesperson. You will need to build your downline and earn a commission from your team.
Solmax Global use binary compensation plan where you can have two legs.
You as a recruiter you will be placed on level 1 and you will need to recruit 2 on level 2 then decide which member to put on your left or right leg.
As Pyramid grow Solmax Global will pay you 10% of your weak leg every Monday throughout the year.
This is called a Team Bonus but you can also earn 10% of your direct sales and other bonuses.
Solmax Global claim to be a marketing partner to Igniter Academy, YourRent, BizPad and Aladin. As IMP you are also able to promote those companies and earn a commission.
When you look at Solmax Compensation Plans there is no explanation or commission structure that explains how much you will earn from those companies.
Again Igniter Academy does not confer any academic credit.
What is the point of providing this service? Do you understand? They just want to cover up their Pyramid Scheme.
Is Solmax Global worth it?
Solmax Global compensation plan shows that to make money you need to recruit more people and they do not have any retail product or service to sale to the public.
This kind of business is known as a pyramid scheme and it is illegal in most of the country.
I know what you think. “If it is illegal why are still operating”.
My answer… There is still very new and it very hard to spot those pyramid scheme most of them come up with a low-quality product or any kind of investment to cover up their tracks.
Most of the people know Solmax Global as MLM or Network Marketing because they claim that members are investing in Equity Tokens
The Statistic and other studies have shown that MLM participants make less than 70 cents per hour in the sale and few of them make $500 in the last 5 years.
Making money in this kind of business model is almost impossible. Does making 70 cents per hour in the sale worth your time?
Is Solmax Global worth it? I do not think so…
Why you should NOT join Solmax Global
Having spent 50+ hours going through the Solmax Global compensation Plans and member ranking.
I cannot in good conscience recommend anyone sign up with Solmax Global.
Simply put, the odds are low that you will succeed with Solmax Global and also 90% of people who join MLM Company lose money.
Another thing this is my deal-breaker for me Solmax Global has the element of operating as Ponzi, Pyramid, or MLM Scheme this kind of business model has a short lifespan.
How much does Solmax Global cost?
Solmax Global have different membership that cost £25 to £5000.
But you can also sign up for free and start earning 10% on direct selling for anyone who you refer to Solmax Global and buy the membership.
To qualify for other bonuses like Team Bonuses, Matching Bonuses and others you will need to upgrade your Membership to:
- Rockie – £50
- Basic – £100
- Starter – £250
- Executive – £500
- Professional -£2500
- Elite – £5000
How much money can you make with Solmax Global?
Solmax Global does not have any earning disclaimer on its website. It is hard to tell how much IMP can make.
According to the Solmax Global Compensation Plans, you can also earn 10% of direct selling for everyone you recruit and buy the Solmax Membership.
You can also earn 10% Team Bonus on your weaker team.
Solmax Global binary compensation plans mean every new member an IMP recruit can decide to place them on the left or right leg and earn 10 % commission on your weaker leg.
You can also earn Marching Bonus and igniter100 Bonus. To earn those bonuses all depend on how good are you to recruit new members.
Solmax Global Complaints
If you are searching for Solmax Global Complaints at this stage I did not find any major complaint.
But some people are a bit sceptical about the ROI (Return on Investment) that the company promise.
If buy the Starter membership which is £250 within 200 days with a rise in the price of 600% to 800% you could get £1,500 to £2,000.
There is not any kind of explanation for such ROI or value per Equity Token or how many Equity Tokens are provided per membership.
This look like a Ponzi scheme…
Is Solmax Global legit? Is it a scam?
At this stage, it will be too soon to conclude if Solmax Global is a scam or not. You need to do your due diligence before you invest your hard money.
Doing some research is always the best ideal before you spend your hard money in this so-called income program.
I would also appreciate new or existing IMP to come forward to share their experience in the comment section for people to make an informed decision.
This Solmax Global Review is for everyone who has a piece of information to share to the public.
Then people will decide if Solmax is scam or legit income program based on your comment and your experience.
Is Solmax Global a pyramid scheme? Is it MLM?
After analyzing the Solmax Global operation, their compensation plans and how their Impendent Market Partner makes money.
At this stage, Solmax Global cannot be treated as a Pyramid scheme alone. It does have the elements of Ponzi, Pyramid and MLM scheme.
Such a business model are in radar of the government and have a short lifespan. You just need to be aware of that before you put your hard money in.
Support + Community
Solmax Global Support
When it comes to income program that needs people to invest their hard money I value the support that someone can get. I do not want to seat the whole days wondering what is going on when I am stuck or need help.
Solmax Global does not have any online support or Frequently Question and Answer page. They only way to get hold of them is to simply fill the contact form and wait for the answer.
Solmax Global Community
When you visit solmaxglobal.com it is written “In the current market, there is a fundamental problem when networking businesses interact with their community. A gap forms between the central office and its networkers, leaving the latter feeling disconnected and isolated”
I do not understand if they understand what that means or maybe I do not understand well the English I am French Speaker.
Solmax Global does not have any online community or any forum to interact with their IMP or IMP interact within the community and learn from each other.
If you decide to join Solmax Global you will feel disconnected and isolated they do not have any online community or a forum to interact with other IMP’s
Better alternatives to Solmax Global
There is always a better alternative to every income programs all depend on what you are looking for.
Do not follow the shiny objects some can be real, some are illegal and some are completely a scam.
To make money online you just need to learn a simple process that Wealthy Affiliate is teaching and you can even free website to kick start with your online business…
To be honest every business takes time.
If you want to start a business while you are desperately in need of money you won’t succeed in any business.
It is better to focus on your job or find an alternative higher paying job and gets paid a monthly salary.
If you are serious about making money in a legit way without recruiting people or building your downline you can check the 4 steps to make money online in ABSOLUTELY any NICHE this can be the best Alternative to Solmax Global.
Follow these steps and implement them you can build a strong business online and I have seen people making 6 to 7 figure online with this business model.
Again I am not here to promote a get rich quick scheme or overnight success it needs time and work.
Ponzi, Pyramid and MLM scheme have seductive ROI (Return on Investment) and more people jump on this business model without doing their due diligence.
If a company is promising the ROI that is too good to be true. It probably a scam.
Another thing selling a membership through direct selling or build your downline is very difficult if you do not have a wide network to fall back on.
If the company that you are promoting has bad review and poor customer service and other problems, I will be hard to convince your network to buy the membership.
There are other ways to have a flexible work schedule where you call the shots and create your own income. If you are interested in building your own online business without recruiting or build your downline to make money.
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