It would be safe to assume that since you are reading this iThrive Network review because iThrive Network has caught some of your attention and you want more information about it.
Like many people who would want to give networking a shot, you would want to land on the best legitimate networking opportunity available or at least one that would assure you that your investment would not be put to waste.
You might be wondering if iThrive Network would be a good call to make. This review would provide you the needed information in order to make an informed decision if you should give this program a try.
We will be discussing some of its background, the products and services that it offers, the compensation plan, bonuses, the cost of joining and a few pointers to help you decide.
iThrive Network Background
iThrive Network is a business opportunity in the MLM model. Generally, income is made through their program’s compensation plan.
The odd thing is that basic vital information isn’t made available on the website. There is no mention of who runs the company and even where it is located.
The company isn’t even recognized by the Better Business Bureau.
Upon research, it was found out that iThrive Network is only a reboot of iPro Network. iPro Network focuses on a cryptocurrency program.
The company didn’t fare well until it finally shut down in 2018.
A video was uploaded to iPro Network’s official Vimeo channel. It was named “iThrive Launch Update 7/28/2018”.
iPro Network’s company president is Daniel Pacheco as made clear on one of his social media accounts.
Previously, Pacheco also promoted Lucrazon Global that is not in existence as of today.
Additional research on Daniel Pacheco led us to a civil injunctive action filed against him by the Securities and Exchange Commission. He is charged as a perpetrator of a multimillion pyramid scheme.
The complaint was filed on May 22, 2019, claiming that from January 2017 to March 2018, the defendant made an illegal offering of securities using iPro Solutions and iPro Network. Both companies are owned by him. iPro was able to amass more than $26 million by marketing instructional packages on e-commerce topics.
Through his company, investors were also promised to receive points convertible to digital assets dubbed as PRO Currency. His scheme was found to be fraudulent.
Added to the evidences of this claim is the use of funds owned by his investors that was used to purchase a $2.5 million property and a luxury car.
This embezzlement charge hastened when he could no longer pay bonuses and commissions that are due to be provided to his investors.
Other than instructional packages, there are no other products and services offered. However, by being an affiliate and promoting membership to others, you can earn a commission.
By joining the company, you will be given access to course packages on the following topics:
- E-commerce Mastery
- Facebook Mastery Training
- Amazon Dropshipping Course
- Cryptocurrency Trading Platform
Other than the moneymaking topics, income is gained as new members are brought in.
To get started, an investment of $50 per year must be made. Next to that yearly subscription is an investment depending on a level chosen.
These packaged levels will also help you earn an income by referring others to make a membership purchase on any desired level.
Each level has a corresponding investment amount requirement:
- Basic- $100 investment required
- Intermediate- $500 investment required
- Accelerated- $2,000 investment required
- Advanced- $3,000 investment required
- eTrader- $5,000 investment required
- Professional- $6,000 investment required
Generally, with this business model, like other MLMs, you build your business through referrals that convert to membership. More members mean more income and more chances to earn bonuses that also leads to rank higher in the ranking system iThrive put in place.
iThrive designed a 6-rank system which comes with unique qualifications. Those qualifications must be met in order to be eligible for that rank level.
Below are the rundown of rank titles and qualifications:
- Senior Consultant – must produce at least 5,000 but not more than 29,999 GV for overall downline volume
- Executive Consultant – must produce at least 30,000 but not more than 99,999 GV for overall downline volume
- Director – must produce at least 100,000 but not more than 399,999 GV for overall downline volume
- Senior Director – must produce at least 400,000 GV for overall downline volume
- Executive Director – qualification not yet stipulated by the company
- Senior Vice President – qualification not yet stipulated by the company
*GV means “group volume”. This is the overall purchase of the entire team comprised of downlines and personally referred sales.
Commission caps are also put in place. This means that even if you are eligible for more earnings, a limit is put in place depending on the level you are at.
Here is the rundown of the caps in the system:
- Senior Consultant – earnings are limited to $3,000 both in commissions and bonuses
- Executive Consultant – earnings are limited at $10,000 both in commissions and bonuses
- Director – earnings are limited at $15,000 both in commissions and bonuses. However, you could also avail of an additional earning of $12,500 for every additional binary position
- Senior Director – earnings are limited at $50,000 both in commissions and bonuses. However, just like in the Director rank, you could also avail of an additional earning of $12,500 for every additional binary position
To perk members up in going the extra mile in making sales, bonuses are strategized.
- Recruitment Commission – When a new member that is referred personally invests, a 10% earning is made depending on the level of investment chosen by that new member
- Recruitment Bonus Commission – This is different from the “Recruitment Commission”. This is a one-time earning of $400 as a bonus when stipulated qualifications are met, which are:
- A personally referred new member buys a basic package or a package higher than that.
- A personally referred new member is also able to recruit a minimum of two affiliates who also buys either a basic package or a package higher than that.
- One of the 2 affiliates recruited by the personally referred new member is also able to recruit an affiliate who buys a basic package.
- Residual Commissions – these are excess commissions that are also paid out for new investments made the entire team. These are paid out through a binary compensation structure.
- Matching Bonus Commission – these are commissions based on the unilevel compensation structure. When qualified, it allows for pay up to 7 levels.
- Leadership Bonus Commissions – this is a bonus afforded when qualifications are met in a pay plan rank.
Is iThrive Network a worthy investment? Is it Legit or not? Let’s go back on some basic points.
Transparency-wise, the company couldn’t deliver a reliable clear background as to who runs it, when it started and where it was established.
Of course, a logical investor would investigate on that vital information before delving into any business. By not providing this vital information, what message is that putting across?
iThrive Network had been strongly linked to iPro Network and the latter did not have a reputable background. It even faces charges by the SEC due to fraudulent schemes in its operations.
Interestingly, when iPro Network’s scheme came to light, the business was shut down, which was also roughly the time when iThrive Network emerged.
Added to that, aside from moneymaking instructional packages, iThrive Network has no other products and services to offer.
Reasonably, for a legitimate business to keep on operating, it must keep up with the demands which mean incorporating consumer needs in its list of products to offer.
Since iThrive Network failed in this regard, no significant retail sales are made which puts it in the pyramid scheme region.
Generally, this business reflects how a pyramid scheme operates by attracting people through false promises.
Granted, it is reasonable for an individual to want to make the most out of any investment he makes, yet, when the returns are too good to be true, and then it most likely is.
Large sums may seem to be too enticing, yet being blinded by that would lead to rash decisions that would be later regretted.
Naturally, a business would only highlight the benefits and advantages in order to attract most of its potential investors and members. However, time and again, it has been proven that taking into consideration also the disadvantages would help in making a sound decision.
iThrive Network promises much in financial gain, yet the reality into achieving that is a very different story.
Sometimes, when only the prospects are highlighted and the process neglected, trouble is lurking just around the corner.
When the promises made by a business opportunity make your eyes twinkle and your mind wander as to where you could go and what you could buy, think again.
The reality is that legitimate money doesn’t usually come easy. When it is easy, start asking.
iThrive Network raises a lot of red flags, would you take that in or neglect that and be blinded by promises that are too good to be true?
Instead of joining a company that looks like a pyramid scheme, you should rather spend your time on learning how to build an honest online business that doesn’t require you to invest a lot of money to start.