Success Mastermind Review: Three-tier adcredit Ponzi scheme
Success Mastermind provides no information on their website about who owns or runs the business.
The Success Mastermind website domain (“mysuccessmastermind.com”) was privately registered on September 20th, 2018.
Although Success Mastermind claims to be ‘operated from Auckland, New Zealand by a group of entrepreneurs‘, the provided corporate address is actually that of a clothing store.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
Success Mastermind Products
Success Mastermind has no retailable products or services, with affiliates only able to market Success Mastermind affiliate membership itself.
Success Mastermind affiliate membership provides access to “mind blowing materials that will help you live a better life”.
Affiliates who invest also receive adcredits, which can be used to display advertising on the Success Mastermind website.
The Success Mastermind Compensation Plan
Success Mastermind affiliates invest funds on the promise of a daily ROI.
- Basic Mastermind – invest $5 to $495 and receive a 4.5% daily ROI for 30 days
- Premium Mastermind – invest $500 to $1995 and receive a 5.5% daily ROI for 30 days
- VIP Doubler Mastermind – invest $2000 to $50,000 and receive a 3.35% daily ROI for 30 days
Success Mastermind pays referral commissions down three levels of recruitment (unilevel).
Referral commissions are paid as a percentage of funds invested.
Exact percentage payouts on each level are determined by how much a Success Mastermind affiliate has themselves invested:
- invest at the Basic Mastermind tier and receive 6% on level 1 (personally recruited affiliates), 3% on level 2 and 1% on level 3
- invest at the Premium Mastermind tier and receive 7% on level 1, 4% on level 2 and 2% on level 3
- invest at the VIP Doubler Mastermind tier and receive 8% on level 1, 5% on level 2 and 3% on level 3
Joining Success Mastermind
Success Mastermind affiliate membership is free, however an investment of at least $5 is required to participate in the attached MLM opportunity.
Success Mastermind doesn’t provide any source of external ROI revenue, leaving the only verifiable source of revenue entering the company being new investment.
Using new investment to pay existing affiliates a daily ROI makes Success Mastermind a Ponzi scheme…
…which makes claims like this on the Success Mastermind website utterly laughable:
We have high standard of operation and would definitely keep MySuccessMastermind running long enough to help one million people earn $1,000,000 each
The only people who make money in a Ponzi scheme are the owner(s) and early investors.
This comes at the cost of everyone else, who mathematically is guaranteed to lose money (Ponzi math is zero sum).
Success Mastermind will wind up no different. Once recruitment slows there’s no money to pay investors with, and from there it’s a downward spiral toward collapse.