Table of Contents
Introduction
William Pattison is a well-known figure in the multi-level marketing industry. Throughout his career, he has established several different businesses. His most recent endeavor, 10LevelRiches, has been getting a lot of attention in the multi-level marketing (MLM) community, with many people questioning the authenticity of the business model that the company utilizes. In this article, we will take a closer look at 10LevelRiches and try to determine whether it is a legitimate opportunity or a new matrix scam.
The Founder – William Pattison
William Pattison is the creator of 10LevelRiches and is no stranger to the MLM sector. He has launched several companies in the past, including Infinity 2 Global and ZynTravel.
Pattison has a controversial history in the MLM industry, with some of his previous ventures being shut down by regulators for operating as pyramid schemes. Despite this, he has continued to establish new businesses, often using a variety of aliases and using a few distinct approaches to running each one.
The business model of 10LevelRiches
The business model of 10LevelRiches is structured as a matrix program, and for members to receive commissions, they are needed to bring in new members. The organization allows customers to sign up for one of several membership tiers, with each tier granting access to a unique level of the matrix.
Commissions are distributed to members of the matrix depending on the number of members present at each level of the matrix. The matrix is designed in such a manner that members are rewarded for recruiting new members. The name “10LevelRiches” comes from the fact that members can earn commissions from as many as ten levels deep within the matrix.
The organization promises that members may make big revenue by recruiting new members and creating a huge downline. Nonetheless, several individuals have expressed worries over the viability of the business model and the possibility that it may fail if there is a reduction in the rate of recruiting.
Reward and Incentive Program
The compensation scheme for 10LevelRiches is based on a matrix structure, and the number of members in each level of the matrix determines the amount of commission that is given out to each level. Members can earn commissions from up to 10 levels of the matrix, with higher commissions paid out at the higher levels.
In addition to the matrix commissions, members have the opportunity to earn bonuses for accomplishing specific milestones, such as reaching a certain level in the matrix or recruiting a certain number of new members. These incentives may be very substantial.
Because new member recruitment is the primary means by which members can earn commissions, the compensation plan is structured in a way that incentivizes existing members to bring in as many new members as they possibly can. Nevertheless, some individuals have voiced concerns about the sustainability of the compensation scheme, since it depends largely on recruiting and may not be viable in the long run.
Red Flags
Concerns have been raised by MLM industry professionals and investors because 10LevelRiches is associated with several red flags. These are the following:
Lack of Transparency –
The corporation does not give much information about its business strategy or how it functions, which has led to questions about openness and accountability.
Questionable Founder –
William Pattison has a disputed history in the MLM industry, with some of his previous ventures being shut down by regulators for operating as pyramid schemes.
Since 10LevelRiches does not provide any goods or services to its clientele, there have been questions expressed regarding the company’s capacity to maintain its current business model in the long run.
Recruiting Is the Primary Emphasis of the Compensation Plan Since the compensation plan places such a heavy emphasis on recruitment, some people are concerned that the organization may be functioning as a pyramid scheme.
Claims That Aren’t True –
The firm has been accused of making several claims that aren’t true regarding its revenue potential and the success of its members, which has led to questions being asked about the company’s honesty and integrity.
Conclusion
It is quite evident that 10LevelRiches is a matrix scam because of the many warning signs that are related to the firm. It is possible that the company is not a genuine opportunity for investors given its lack of transparency, its controversial founder, its emphasis on recruitment, and the misleading claims that have been made about it.
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