iCoin Pro Review – Scam or Stupid Simple MLM?
Interested in bitcoin and cryptocurrencies?
Are you new to the wonderful world of crypto? Even if you are a seasoned vet, you are going to be diligent in making sure you know what you are doing before jumping into a new way to earn money using the skyrocketing popularity of crypto.
iCoin Pro is a typical multi-level marketing business venture. It is no secret that I have a love/hate relationship with MLMs.
I know plenty of people that are killing it with MLMs, but I know a lot of horror stories from them as well.
In this article, we will break down this iCoin Pro review and see if we can make you some money or not!
More in the iCoin Pro reviews below!
Name: iCoin Pro
Price: it depends
Overall Rank: Revealed at the end!
Spoiler Alert: Not a scam, but risky
Is iCoin Pro Legit?: Quick Overview
iCoin Pro is definitely not a scam.
But from the research we have done, I can honestly say that it is a company that is jumping on the 'bandwagon' of the ever growing popularity of bitcoin and binary trading.
Is it possible to make money with the system, Yes.
Will you make money from the system? That is to be determined.
MLMs have one particular characteristic that makes them annoying to deal with... RECRUITING.
You get paid more and more based on what your 'team' does under you.
A problem that most people run into is that after they market to their friends and family, they run out of people to promote to. (Find out more about that right here!) They then move to having 'parties' and such inviting total strangers to places in hopes that they can sell them on the same dream you bought into when you first started.
Now, this does not mean that it is not worth it.
If you put in the work and recruit, recruit, recruit.. then you will reap the benefits.
But you will find yourself pushing the company more than pushing the products sold by the company.
If you love Crypto... than that is counterintuitive.
iCoin Pro Founders
iCoin Pro is run out of the great state of Texas, USA.
It was first established by Paul De Sousa and Justin Clark.
In recent years, De Sousa has been affiliate with a program called Gain Bitcoin. Which is now debunked and paying off the users that used the service.
I am in no way suggesting that De Sousa had something to do with Gain Bitcoin's demise, but after he left to begin iCoin Pro, is when Gain Bitcoin floundered.
iCoin Pro Scam? What to Expect Before Joining!
So what are you buying into with iCoin Pro?
Through the use of blockchain technology, they provide a product that lal but guarantees return on investment.
It is a training that costs $39.99 a month. It is described as a training system that shows you step by step all you need to know about all things Crypto. Such as what they are used for and how, where you can use them.
So if you do not know a thing about Bitcoin and crypto, iCoin Pro claims to teach you everything you need to know.
iCoin Pro does a good job at selling the sizzle before giving you the price.
It is important to realize that with an MLM, you absolutely have to maintain your membershi if you want to make money in your downline. (Downline are your recruites under you)
MLMs can get confusing if you have never done it before, but I will try to break it down for you.
This is what to expect in terms of Compensation from recruiting...
If someone joins under you, they are said to be in your "straight-line" queue. Which means they are directly under you and you make a 3% commission of what they sale. This can be done up to 5 people in your downline.
Then for each level, it goes down, you receive another commission of 3% of anything that is sold two levels under... and then three levels.. 4 levels and finally 5 levels down.
The structure is front loaded so that the more people you sign up initially, the more money you get.
Fast Start Bonus
Next with the Fast Start Bonus, you will receive anywhere from $10 to $25 based on your level so far with the company (Determined by your Powerline Bonus).
Anyone you sign up, you will receive your commission the very next week. There is no limit to this, so for ever person you get to buy at $39.99, you get the Fast Start Bonus, even if that person is not under you directly but further down the line.
The matching bonus may blow up our brain, but we will attempt to explain.
In short, what your downline does benefits you more and more as the levels go down.
If Rob signs up Beth (2 level), who signs up John (3 levels), Who sign up Rick (4 levels), who signs up Rachel (5 levels), who signs up Lacy (6 levels), than Rob gets a kickback of every single person every one under him makes.
So it would be in Rob's best interest to make sure those under him know what they are doing, which is what keeps these MLMs going.
That was essentially the fastest way I could explain that, for further information, you can check it out on iCoin Pro's main site.
Residual Income Matrix
This series of levels can go as far as 14 levels deep. Each level can get you 2.5% of all sales. If done correctly, you can get to the point where you are making close to $32k a month. (thats not a typo...)
iCoin Pro Tools & Training
The whole point of the program is to provide training with cryptocurrencies and trading. So the tools and training that is provided is clear and concise.
Our research uncovered that the training provided does work, but it is just risky (not unlike any other online endeavors).
But as we mentioned earlier, the primary focus in MLMs do not tend to be the products, it is the recruiting, so the product itself becomes somewhat meaningless.
The tools and training that you would actually need is how to sell people on the idea of selling this to someone else.
If you can sell ice to an eskimo, this is the job for you.
It can be lucrative, but will take work and a ton of selling!
iCoin Pro Price
We mentioned this earlier, but to reinterate, the cost of the service is $39.99.
This number must be maintained month to month, or you will lose out of different kinds of bonuses, so you can really never take a month off, or you will forfeit your money for that month for things such as the Fast Start Bonus and other downline bonunes.
So be sure to keep that in mind.
That is typical of an MLM, so no worries there.
Is iCoin Pro A Scam?: My Final Opinion
So to be very clear... iCoin Pro is NOT a scam.
What tends to happen in many reviews of this service is that people are VERY must against MLMs.
So they trash them.
I wil not do that to you here.
I want to give you an honest look at something before you jump into it.
iCoin Pro can make you money, but just be prepared to sell it hard to anyone that will listen. There are ways around this such as hitting the internet with your recruiting methods, but that takes time and effort itself.
In fact, this is a great idea on what you should do!
I would shy away from pestering friends and family about systems like this. I can guarantee you that most of them are not interested in going into business with you. (I say this because I have been there...)
But a LIFE HACK that you can use to really dominate this is to take your talents to a blog on the internet.
Find people that are already interested in crypto and perhaps making money from it by starting a business teaching how to profit from crypto.
The best way to do that is to buy a domain, get web hosting, and launch a blog answering common crypto and bitcoin questions.
The problem is that most people get scared with the idea that they can or cannot build a website.
With a thing called WordPress, building a website is easier than EVER.
In fact, BenjsDad.com is built using wordpress and I like to think it is pretty professional looking.
If you really want to learn how to build a website around a topic that you may be passionate about like cryptocurrencies, than i suggest you check out the training found here.
Even if you have never done it before, that training will help you step by step and increase . your reach from the few hundred people you know on social media to the nearly 4 billion people on the internet.
Consider it... it is free to get started.
iCoin Pro Overall Scam Rank: 80 out of 100
VERDICT: LEGIT (if you are into MLMs)
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