Fintech unicorn meets affiliate marketing
Tags: Network Marketing, Finance, Forex, Bitcoin, Financial Planning

Robert Kiyosaki would probably answer with his famous sentence: Network marketing gives people the opportunity, with very low risk and very low financial commitment, to build their own income-generating asset and acquire great wealth.

Many network marketers will confirm that. To start a network marketing business doesn’t require you to invest a big amount of money. Typically, you would need to invest a minimum amount to unlock your affiliate commissions in an MLM (Multi-Level Marketing) company. That amount is probably nothing compared to a loan that you would need to take to buy products which you would sell a traditional way.

Is it really that easy?

Let’s say, you found a great network marketing company with great product and you’re all in. You would probably try to inspire your existing network to buy and promote your products.

You’ve talked to all your friends and all your relatives and everyone is using your products. In the ideal world! Let’s say only 10% of them bought in, which is still a great result. But what now? You’re running out friends and relatives. You can try to have them dublicate your success.

Or you try to run online promotions. The challenge is often that product-based network marketing companies would not allow you to promote their products online. They want you to sell their products face to face and explain the value added since most of the MLM products are priced higher than comparable products you can buy in the supermarket. Reason for that being that the cost of the network is built into the price.

What is the solution?

Is the solution looking for a company that allows you to promote online? The choice is very limited. Unless you’re dealing with so called profit networks. These are MLM companies that offer passive income through Forex or cryptocurrency trading. Well, this space has become a virtual minefield over the past few years.

Especially with the rise of cryptocurrency, many fake MLM companies are trying to find a way to steal your hard-earned Bitcoins. The most popular examples are probably Bitconnect, One Coin and Plus Token. They have collected millions and billions from people who believed in high returns that were promised and ran away with their money.

Proper Due Diligence

Due diligence is an essential part when it comes to choosing the right company. You will find numerous articles with different philosophies as far as the research is concerned.

“Too good to be true” is probably the most popular red flag.

Even if the returns are realistic, do the math and try to understand what it costs to feed the network. If a company offers 10% a month you might say it’s feasible. But if they pay affiliate commissions across 10 levels you might wonder what kind of superstar traders they must have.

Well, they will tell you that they use Artificial Intelligence software that is very smart and makes no mistakes. Don’t be fooled. Do the math. Ask for trading proofs.

“Owners are no real people” is a red flag as well. You will often find owners or CEOs of a company who didn’t have a digital footprint before the company existed. The smarter ones will create social media profiles long before they launch the company. Carefully study the person and see if his/her track records are realistic and can be confirmed by a third party.

There are more things that you can analyze. You can use Google Analytics to understand if the company had web traffic at the time, they claim to have started signing up first customers.

You can also check if the company has all the certificates and licenses to run the business in your country.

Now the game has change

Elysium Capital ticks all the boxes.