We’re in the business of making people rich. So if you’ve been looking for a way to become wealthy beyond your wildest dreams, you’re in the right place!
This is how the Institute For Wealth In Networking describes it’s ‘business opportunity’. They say you can make big money, just by sending out post cards and answering a few calls.
Thankfully, you’re smart enough to be reading this review. Because there are some aspects of this that you are going to want to know about before diving in.
What Is Institute For Wealth In Networking?
The Institute For Wealth In Networking (iWIN) is a multilevel marketing ‘bizop’ with a heavy emphasis on recruiting. Participants pay one another up to $7,500 (directly) to qualify for recruitment commissions.
In doing so, the aim is to then recruit as many people into the same system as possible by mass mailing ‘postcards’.
One thing I find really odd is how the website repeatedly claims that iWIN is not a multilevel marketing program (MLM). Without a doubt, iWIN is a MLM company.
I have concerns it’s not the legitimate kind either. Why? Because it focusses heavily on mass recruiting and the products are essentially ‘thrown in’ to legitimise this.
To be clear, multilevel marketing itself is not a scam or a pyramid scheme for that matter. But these schemes do exist. Which is why it pays to do your homework before you buy in.
Who’s Running The Show?
The website (iwin123.com) does not disclose who’s behind the scheme and uses an anonymous domain registration. The address they list on their website is really just a virtual office too.
Anyways, turns out the guy behind iWIN is Tom Bochenek.
I discovered this by clicking on the link in the ‘opportunity video’ which takes you to his YouTube channel. I also found a video of Tom promoting the (now defunct) Empower Network, a similar high ticket MLM that lost a lot of people a lot of money.
How Does It Work?
Participants sign up and pay a membership fee directly to their upline sponsor, according to various levels. The higher level you buy-in at, the more money you can make recruiting.
The sole purpose of joining this ‘business opportunity’ is to qualify for recruitment commissions. Everything else is secondary to this.
Even the ‘training’ you receive for your money is all about teaching you how to make money promoting this system. Which involves mass mailing post cards and convincing people to join over the phone.
The iWIN Product Line
The Institute For Wealth In Networking does not have any retailable products.
Affiliates must sign up to one of the five ‘affiliate levels’, which I explain shortly. Doing so qualifies them for recruiting commissions.
When you carefully consider their compensation plan, you will see that 100% commissions are paid out to affiliates on every single sale. The only difference is who gets what.
On this basis alone, there is clearly no value in the products whatsoever.
Ask yourself- if affiliates are paying other affiliates who keep 100% of the commissions, how can the products be of any real value at all?
This is one of the main reasons I have concerns about iWIN. How can you justify charging people $1,000’s for a product, when the underlying cost is actually zero?
Here’s some of the products you get with your membership…
This further validates my scepticism about the products being of little value.
Why? These are essentially rehashed PLR ebooks on marketing and self development. The information within PLR (private label rights) products is never worth buying, it’s stuff you give away. You sure as heck would never pay $1,000’s for it!
Even if some of these products are good, they clearly take a back seat to the recruiting aspect. The opportunity video says you can make substantial income by re-selling these ebooks. But this is nonsense. No one is going to be purchasing these ebooks from you. The only reason people will join you, is to join the ‘iWIN bizop’.
How does the company make money if they give out 100% commissions on their products?
Good question. They collect a non-refundable $125 ‘hosting’ fee for starters, which is paid annually. And they almost certainly have pre-loaded positions within the system itself.
The iWIN Compensation Plan
The iWIN compensation plan is based on a ‘1 up’ downline structure. This is where you pass up your second direct referral to the person who referred you, and everyone in your downline does the same.
This structure sounds amazing when the person explaining it, does so without showing you the full picture. Because who doesn’t want 90-100% commissions, right?
It’s true, you are getting such high commissions. But when you break it down, you are doing a lot of recruiting and giving a lot of the ‘rewards’ away with this model.
Let me explain…
To start with, here’s the official ‘opportunity’ video (I do not endorse this video)…
The video shows you the simple, ‘amazing’ side of this compensation model. But I decided to sketch this downline system out for you to show you a more accurate picture of how it really looks…
As you can see, you keep the first 90% commission on the first person you refer. But you give away your second direct referral to your upline. From then on, on your first level, you earn 90% commissions on your direct referrals.
The first referral on your level two, pays you 10% of their fee directly. And the second pays you 90% of their fee. But from then on, you receive no commissions from your level two referrals.
On subsequent levels, down to a theoretical infinity, you only earn on the second referral. The referrals you earn on are highlighted in green, the one’s you don’t are in red.
Don’t worry if this is confusing, that’s how these schemes are. Elaborate.
In any case, the most important take away is that it’s ALL about recruiting. This downline sounds good at first, but when you analyse the details you will see that you are doing a heck of a lot of recruiting. Yet you’re only making money on a select few.
Understanding The 5 ‘Buy-In’ Levels
How much money you can make, depends entirely on how much money you pour into the scheme. It’s a ‘pay to play’ system which means you must purchase higher level products to qualify for higher commissions.
Here’s a breakdown on the different levels and what they pay out…
- L250: Costs $250 and pays out $225
- L500: Costs $500 and pays out $450
- L1000: Costs $1,000 and pays out $900
- L2000: Costs $2,000 and pays out $1,800
- L3750: Costs $3,750 and pays out $3,375
You must buy each level separately too, so you cannot buy level 5 without buying the previous 4 levels. This brings the total cost to $7,500 to qualify at all levels.
Are Real People Making Money With iWIN?
When I landed on the iWIN sales page, one of the first things I noticed was the video at the bottom. It shows what appears to be a ‘real member’ who is making real money.
Specifically, “Bob” says he was able to retire thanks to iWIN and now makes twice the money he made during his working years.
Sounds pretty impressive right?
Unfortunately, he’s an ACTOR from a site called Fiverr…
I’ve seen this same person on many sales pages so I knew he was an actor right away.
Anyways, the remainder of the video goes on to show a bunch of other actors from the same site who all claim they’re making big money thanks iWIN. Even the ‘opportunity video’ features paid actors.
For example, this woman says iWIN changed her life…
Now here she is on Fiverr selling her acting services for cheap:
If people really are making such amazing money with this system, why do they need to hire people to give fake testimonials?
Unfortunately, there’s some serious red flags with the Institute For Wealth In Networking. I know my saying so will ruffle some feathers, but I call it like I see it.
It is true that you can make a lot of money with something like this. But the business model of recruiting people who recruit people, through infinite levels, is simply not sustainable.
The only people making real money with systems like this are the heavy recruiters at the top. And the money they make comes directly off the back of the people at the bottom, who never get anywhere. Eventually, recruiting schemes collapse and people lose money.
What you decide to do is up to you, but I can’t recommend this to you in good conscience.