Is Wealthy Affiliate A Pyramid Scheme Or Honest Affiliate Program?

Is Wealthy Affiliate A Pyramid Scheme Or Honest Affiliate Program?

Today, affiliate marketing is the most lucrative method to bring in stream of revenue passively. It is not the fastest way to become rich. But rather a long term career that requires investment and passion to grow your online business. Although, as an affiliate marketer, it is important to be wary of companies that engages in pyramid scheme.

The most important role of affiliate marketing is to ensure honest and transparent information about a company’s product and services. No matter how good or bad it is. The keyword here is information that plays a very powerful factor in impacting the companies’ business. A large number of similar experience, information and supporting evidences determines how long a business will last.

Basically, the affiliate marketers is the first line of defense who share information to the audience and help them make decisions whether that product is worth the value or not. As I am sure you have heard of Wealthy Affiliate before. It has became incredible popular recently with more than +1,000,000 active members. Plus, I wrote a review about Wealthy Affiliate and how it can benefit you as a premium member.

Some people came with an impression with Wealthy Affiliate is a pyramid scheme based on inadequate or false information. So I am going to clear this up and explain to you how Wealthy Affiliate is not a pyramid scheme. Most importantly, how this affiliate platform can help you in the long run if becoming an affiliate marketing and the ability to earn income passively is your goal.

The Money Creator Single Post Affiliate Disclosure WarningAffiliate Disclosure: Some of these links contain affiliate links which means we will earn commissions for our work at no additional charge to you. At least, that is what honest Uncle Sam would have done too! Read our disclosure policy for more information.

What is Pyramid Scheme and Why Is It Illegal?

 

Pyramid Scheme

A Pyramid Scheme comes in various forms that can be quite hard to recognize immediately. But they all share the same characteristic. They promise consumers or investors large profits based on recruiting others to join their program. But not based on profits or any real investments of sales to the public.

These schemes involves selling a product buy they often use the product to hide their scheme. There are two signs that can identity whether the companies are engaging in pyramid scheme.

First sign is forcing customers to buy more than what the company can sell at inflated prices. If these ever happen, the people at the top of pyramid reaps in large profit, regardless of how much the market moves. Then the people at the bottom makes excessive payments for inventory that gets added to their basement. Plus, a lack of retail sales is another sign that a pyramid exist.

Many companies that uses pyramid schemes will claim that their product is selling fast. However, these sales only happens between people inside the pyramid structure or new recruits joining the structure. Not the consumers in the general public.

Ponzi Scheme on the other hand, is quite similar to pyramid scheme. Mainly because it involves continuous recruiting but promises no commissions to the affiliates who drives traffic to their website. Instead, the promoter earn payments from stream of people, promising high profit rate for a short term.

Thus, there are no real investment opporunity to be gained from these companies that uses Ponzi schemes. Promoters just use the money from new recruits to pay obligations to longer-standing members of program.

This is like stealing money from people and using it to pay to a member in the structure. Regardless, both schemes are illegal and can be quite seductive when it comes to affiliate marketing.

Is Wealthy Affiliate Pyramid Scheme?

This is completely a legit question. But I would be the first one to say you no. Wealthy Affiliate doesn’t engages in pyramid scheme and they haven’t changed their commission rate since 2005. Each time you convert one of your member into a premium account. You earn 50% of the money as a reward for your work. And the other half goes to the founders of Wealthy Affiliate.

How much money you will make off Wealthy Affiliate is directly up to how much traffic you bring and how much they convert to premium members. All the members start with equal opportunity and can rise or fall depending on their affiliate marketing performance. To put these words in simple sentence, Wealthy Affiliate is all about teaching you how to become a successful and effective affiliate marketer.

They offers 7 days free trial for anyone who is interested in learning how Wealthy Affiliate works, including full access to chat, interacting with people, training courses and publishing your own blogs. After the trial expires, you will have the option to upgrade to premium member and gain huge benefits such as online classroom, video tutorials and live events.

Let’s alone an active community of +1,000,000 members makes it very hard for you to fail as an affiliate marketers. These community have established a mentality set of “pay it forward” from experienced affiliate marketers to beginners. If you aren’t sure where to start with your own affiliate marketing website, read this simple 5 steps guide to help you get started.

–> Join Wealthy Affiliate for $19 First Month <–

Why Wealthy Affiliate Is Good?

Unlike many other affiliate training platform, Wealthy Affiliate is the only good one out of all. First, they have the lowest monthly cost of $49 for premium members which is surprisingly affordable. Secondly, they offer so many resources, useful tutorials, tips and guides that is more than what the price value brings to the table.

Wealthy Affiliate have mentors and a very strong community who will help guide you through as you are learning how to affiliate marketing. Like I said before, it is almost too hard to fail as an affiliate marketer if you are putting in effort, determination and passion to grow your affiliate marketing websites.

All the information you will find are chock-full of resources, tips and useful guides to get you started making money online. Although, affiliate marketing is not the quickest form to become rich. As I mentioned previously, it is a career which you can consider as a long-term investment. Making at least five to six figures will take time, patience and hard working.

Wealthy Affiliate helps makes the whole affiliate marketing smooth, effortless and easy to do so without having to clutter useless information. They keep these training focused on teaching you how to be a good affiliate marketing by taking advantage of free tools outside such as social medias and keyword research.

As a member of Wealthy Affiliate since June 2018, I can say that Wealthy Affiliate is a legit affiliate marketing platform. It is a company that engages in a honest business practice and treats every members with same opportunity. If you are wondering how Wealthy Affiliate works in details, please read my article how Wealthy Affiliate works and how you can make good money with it.

–> Get Premium Membership for $19 First Month, limited time only <–

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