Following its Chapter 11 chapter, DreamTrips emerged because the successor to WorldVentures a few 12 months in the past.
DreamTrips happened because of Verona Worldwide Holdings buying WorldVentures’, specifically the MLM firm and Rovia (WorldVentures’ in-house journey providers supplier).
BehindMLM reviewed DreamTrips in November 2021, following a November sixteenth launch announcement.
A reader not too long ago wrote in to advise that DreamTrips had revised its compensation plan in July 2022.
Right now we revisit DreamTrips for an up to date assessment. Not solely on the compensation facet of issues, but additionally as to who precisely owns the corporate.
DreamTrips Worldwide Company
One factor that’s bugged me because the acquisition announcement is the failure to reveal who’s behind Verona Worldwide Holdings.
Verona Worldwide Holdings doesn’t have an internet site or on-line presence. It’s a murky Texas entity fashioned in August 2021.
What made Verona Worldwide Holdings much more murky was the truth that it was clearly created to pursue WorldVentures acquisition.
In researching DreamTrips for as we speak’s up to date assessment, my first port of name was researching Verona Worldwide Holdings to resolve possession as soon as and for all.
The excellent news is, as per a WorldVentures chapter submitting dated October 2021, I can listing Verona Worldwide Holdings workers:
- Michael Poates is Verona’s CEO
- Eric Haynes is Verona’s COO
- Paul Jenkins is CEO of Rovia and
- Simon Davies is Verona’s CFO
The unhealthy information is these are workers, answerable to Verona Worldwide Holdings nameless Board of Administrators.
Three names I can verify are on Verona’s Board of Administrators are Mark Smith, Tammy Smith and Eric Haynes.
Curiously, Eric Haynes has changed Poates as Verona’s present CEO:
Mark and Tammy Smith, DreamTrips’ CEO and Chief Discipline Officer, solely purchased into Verona a number of months in the past.
“We’re excited to welcome Mark and Tammy as our companions on this funding. They’ve set a transparent strategic imaginative and prescient for the way forward for DreamTrips Worldwide.
We’re lucky to have them on our government crew and as our companions to develop the Model”, stated Emmett McNulty, a consultant of Verona.
Who’s Emmett McNulty? Or is it Emmert McNulty?
No concept. With respect to Verona, McNulty has no digital footprint exterior of 1 publicly listed WorldVentures chapter submitting (cited above).
As disclosed within the submitting, McNulty is a part of “Common Administration Group”. That did lead me to this breadcrumb:
If that’s the identical man, then we will conclude Verona Worldwide is a notch on the belt of a faceless company that focuses on scooping up failed or failing firms.
Look, for an MLM firm this degree of disclosure is a foul look. For an MLM firm that operated as a pyramid scheme, with an awfully messy previous, it’s atrocious.
I’m not blaming them solely for WorldVentures’ collapse, however Michael Poates, Eric Haynes, Paul Jenkins and Simon Davies are all former WorldVentures executives.
In an effort to make an knowledgeable choice, customers needs to be knowledgeable as to who precisely is behind Verona Worldwide Holdings.
As it’s, it comes off as whoever really owns Verona and DreamTrips having one thing to cover. And that is compounded by WorldVentures’ collapse.
To say WorldVentures’ collapse was messy is an understatement. Wayne Nugent’s secret chapter funds is only one chapter in a messy saga, all of which BehindMLM documented because it performed out.
Having coated that saga, no matter the rest on this assessment – when you don’t know who’s working Verona and might’t title each Board Member – don’t enroll.
WorldVentures didn’t finish nicely and in mild of that getting concerned with a murky holding firm, clearly intent on hiding possession data, is an excessive amount of of a due-diligence purple flag to disregard.
DreamTrips’ Merchandise
DreamTrips markets a reduced journey reserving platform.
Costs aren’t disclosed to the general public until the join an account (observe that is separate to DreamTrips affiliate membership).
DreamTrips gives 4 tiers of entry to their journey reserving platform:
- Normal – $199.99 after which $69.99 a month; entry to “DreamTrips curated experiences”, rental and cruise reservations, “actions tickets” and “membership loyalty advantages”
- Plus – $399.99 after which $99.99 a month; entry to Normal plus brief time period keep trip leases, RV leases, “membership advertising choices” and “personalised journey choices”
- Precedence – $599.99 after which $129.99 a month; Normal and Plus with “world main concierge providers”, “airport lounge entry”, “finest worth promise” and “loyalty level help desk” (can solely entry twice a 12 months)
- Elite – $2499.99 after which $499.99 a month; Normal, Plus and Precedence with “personal jet choices”, yacht rental, limitless entry to loyalty level help desk, “unique elite DreamTrips” and “luxurious resort and villa choices”
DreamTrips additionally gives equal subscriptions that bundle collectively its MLM alternative:
- Dream Pack – $999.99 after which $159.98 a month; Precedence subscription equal with “Discounted Uncover DreamTrip Expertise” accessible for an additional $599
- Uncover Pack – $1499.99 after which 159.98 a month; Precedence subscription equal with “Discounted Uncover DreamTrip Expertise” included at no extra price
- Uncover Elite Pack – $2499 after which $529.98 a month, Elite subscription equal with “upgraded Uncover DreamTrip Expertise” included at no extra price
DreamTrips’ Compensation Plan
DreamTrips’ compensation plan revolves across the sale of journey reserving subscription packages – each to retail prospects and recruited associates.
DreamTrips Affiliate Ranks
There are eighteen affiliate ranks inside DreamTrips’ compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – enroll as a DreamTrips affiliate, both for $29.99 or with a subscription bundle and keep 50 PV a month
- Traveler 1 – keep 50 PV a month and recruit and keep one Affiliate or greater
- Traveler 2 – keep 50 PV a month and recruit and keep two Associates or greater (positioned one on each side of the binary crew)
- Traveler 3 – keep 50 PV a month and recruit and keep three Associates or greater (min one on each side of the binary crew)
- Voyager 500 – keep 50 PV a month and recruit and keep 4 Associates or greater (positioned two on each side of the binary crew), and generate and keep 500 GV a month
- Voyager 1K – keep 50 PV a month and 4 personally recruited Associates or greater (positioned two on boths sides of the binary crew), and generate and keep 1000 GV a month
- Voyager 2K – keep 50 PV a month and 4 personally recruited Associates or greater (positioned two on each side of the binary crew), and generate and keep 2000 GV a month
- Voyager 5K – keep 50 PV a month and 4 personally recruited Associates or greater (positioned two on each side of the binary crew), and generate and keep 5000 GV a month
- Voyager 10K – keep 50 PV a month and 4 personally recruited Associates or greater (positioned two on each side of the binary crew), and generate and keep 10,000 GV a month
- Sapphire – generate and keep 75 PV a month, keep 4 personally recruited Associates or greater (positioned two on each side of the binary crew), and generate and keep 15,000 GV a month
- Ruby – keep 75 PV a month and 4 personally recruited Associates or greater (positioned two on each side of the binary crew), and generate and keep 25,000 GV a month
- Emerald – keep 75 PV a month and 4 personally recruited Associates or greater (positioned two on each side of the binary crew), and generate and keep 50,000 GV a month
- Diamond – generate and keep 100 PV a month, keep 4 personally recruited Associates or greater (positioned two on each side of the binary crew); one recruited affiliate have to be Sapphire or greater and recruited within the final month, or have two Sapphires in your downline but additionally recruited within the final month, and generate and keep 100,000 GV a month
- Blue Diamond – keep 100 PV a month and 4 personally recruited Associates or greater (positioned two on each side of the binary crew); one recruited affiliate have to be Ruby or greater and recruited within the final month, or have two Rubys in your downline but additionally recruited within the final month, and generate and keep 200,000 GV a month
- Black Diamond – keep 100 PV a month and 4 personally recruited Associates or greater (positioned two on each side of the binary crew); one recruited affiliate have to be Emerald or greater and recruited within the final month, or have two Emeralds in your downline but additionally recruited within the final month, and generate and keep 500,000 GV a month and 50,000 GV from a “shared leg”
- Crown Diamond – keep 100 PV a month and 4 personally recruited Associates or greater (positioned two on each side of the binary crew); one recruited affiliate have to be Diamond or greater and recruited within the final month, or have two Diamond in your downline but additionally recruited within the final month, and generate and keep 1,000,000 GV a month and 100,000 GV from a “shared leg”
- Royal Diamond – keep 100 PV a month and 4 personally recruited Associates or greater (positioned two on each side of the binary crew); one recruited affiliate have to be Diamond or greater and recruited within the final month, or have two Diamond in your downline but additionally recruited within the final month, and generate and keep 2,000,000 GV a month and 200,000 GV from a “shared leg”
- World – keep 100 PV a month and 4 personally recruited Associates or greater (positioned two on each side of the binary crew); one recruited affiliate have to be Diamond or greater and recruited within the final month, or have two Diamond in your downline but additionally recruited within the final month, and generate and keep 5,000,000 GV a month and 500,000 GV from a “shared leg”
PV stands for “Private Quantity”. PV is gross sales quantity generated by subscription gross sales to retail prospects and an affiliate’s personal journey providers subscription (if relevant).
GV stands for “Group Quantity”. GV is PV generated by an affiliate and their downline.
Be aware that whereas DreamTrips’ compensation plan has “shared leg” necessities, no definition is supplied.
“Shared leg” is a non-standard MLM compensation time period so I’m unclear what it refers to.
Referral Commissions
DreamTrips associates earn a referral fee on the sale of a subscription to retail prospects and recruited associates:
- promote a Normal subscription and earn $50
- promote a Plus subscription and earn $75
- promote a Precedence subscription and earn $100
- promote an Elite subscription and earn $400
Recruitment Commissions
DreamTrips associates earn a fee once they recruit an affiliate who indicators up with an affiliate-only subscription:
- recruit a Dream Pack affiliate and earn $150
- recruit a Uncover Pack affiliate and earn $200
- recruit a Uncover Elite Pack affiliate and earn $400
Residual Commissions (preliminary charges)
DreamTrips pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary crew, break up into two sides (left and proper):
The primary degree of the binary crew homes two positions. The second degree of the binary crew is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary crew are generated as required, with every new degree housing twice as many positions because the earlier degree.
Positions within the binary crew are stuffed by way of direct and oblique recruitment of associates. Be aware there isn’t any restrict to how deep a binary crew can develop.
On the finish of every week DreamTrips tallies up new subscription quantity on each side of the binary crew.
- sale of a Normal subscription generates 100 GV
- sale of a Plus subscription generates 250 GV
- sale of a Precedence subscription generates 400 GV
- sale of an Elite subscription generates 875 GV
- recruitment of a Dream Pack affiliate generates 600 GV
- recruitment of a Uncover Pack subscription generates 500 GV
- recruitment of a Uncover Elite Pack subscription generates 875 GV
DreamTrips units residual fee charges on preliminary charges primarily based on rank:
- Traveler 2s earn a 5% residual fee fee, capped at $500 per week
- Traveler 3s earn a 7% residual fee fee, capped at $500 per week
- Voyager 500s earn a 9% residual fee fee, capped at $500 per week
- Voyager 1Ks earn a ten% residual fee fee, capped at $1000 per week
- Voyager 2Ks to 10Ks earn a ten% residual fee fee, capped at $1000 per week
- Sapphires earn a 15% residual fee fee, capped at $1500 per week
- Rubys earn a 15% residual fee fee, capped at $2500 per week
- Emeralds earn a 15% residual fee fee, capped at $5000 per week
- Diamonds earn a 20% residual fee fee, capped at $7500 per week
- Blue Diamonds earn a 20% residual fee fee, capped at $10,000 per week
- Black Diamonds earn a 20% residual fee fee, capped at $12,500 per week
- Crown Diamonds earn a 20% residual fee fee, capped at $15,000 per week
- Royal Diamonds earn a 20% residual fee fee, capped at $20,000 per week
- Globals earn a 20% residual fee fee, capped at $25,000 per week
Matching Bonus (residual commissions on preliminary charges)
DreamTrips associates earn a Matching Bonus on residual commissions earned by downline associates.
DreamTrips pays the Matching Bonus by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel crew, with each personally recruited affiliate positioned straight underneath them (degree 1):
If any degree 1 associates recruit new associates, they’re positioned on degree 2 of the unique affiliate’s unilevel crew.
If any degree 2 associates recruit new associates, they’re positioned on degree 3 and so forth and so forth down a theoretical infinite variety of ranges.
DreamTrips pays the Matching Bonus on as much as 4 generations per unilevel crew leg.
DreamTrips defines a era as any affiliate in a unilevel crew leg incomes $1000 or extra in residual commissions on preliminary charges.
What number of generations a DreamTrips affiliate earns the Matching Bonus on is decided by rank:
- Rubys earn a 5% match on one era per unilevel crew leg
- Emeralds earn a ten% match on one era per unilevel crew leg
- Diamonds earn a ten% match on the primary era and 5% on the second era per unilevel crew leg
- Blue Diamonds earn a 15% match on the primary era, 10% on the second and 5% on the third per unilevel crew leg
- Black Diamonds earn a 20% match on the primary era, 12% on the second and seven% on the third per unilevel crew leg
- Crown Diamonds earn a 20% match on the primary and second generations and 15% on the third and fourth per unilevel crew leg
- Royal Diamonds earn a 20% match on the primary to 3rd generations and 15% on the fourth era per unilevel crew leg
- Globals earn a 20% match on as much as 4 generations per unilevel crew leg
Residual Commissions (month-to-month subscription charges)
DreamTrips pays residual commissions on month-to-month subscription price funds by way of a 3×10 matrix.
A 3×10 matrix locations an affiliate on the high of a matrix, with three positions straight underneath them:
These three positions type the primary degree of the matrix. The second degree of the matrix is generated by splitting every of those first three positions into one other three positions every.
Ranges three to 10 of the matrix are generated in the identical method, with every new degree housing 3 times as many positions because the earlier degree.
I’m not 100% certain and it isn’t laid out in DreamTrips’ compensation plan, however I consider matrix positions are stuffed each by recruited associates and referred retail prospects.
Month-to-month subscription price funds throughout the matrix are paid on $69.99 to $499.99 a month recurring subscription funds:
- fee of a $69.99 a month subscription generates a $4 residual fee
- fee of a $99.99 a month subscription generates a $6 residual fee
- fee of a $129.99 a month subscription generates an $8 residual fee
- fee of a $499.99 a month subscription generates a $20 residual fee
What number of matrix ranges a DreamTrips affiliate qualifies for residual commissions is decided by rank:
- Traveler 1s earn residual matrix commissions on one degree
- Traveler 2s earn residual matrix commissions throughout two ranges
- Traveler 3s earn residual matrix commissions throughout three ranges
- Voyager 500s earn residual matrix commissions throughout 4 ranges
- Voyager 1Ks earn residual matrix commissions throughout six ranges
- Voyager 2Ks earn residual matrix commissions throughout eight ranges
- Voyager 5Ks earn residual matrix commissions throughout 9 ranges
- Voyager 10Ks and better earn residual matrix commissions throughout all ten accessible ranges
Be aware that residual matrix commissions are paid out every month so long as month-to-month subscription funds are made.
Buyer Acquisition Bonus
DreamTrips associates earn “factors” primarily based on what number of subscription prospects and recruited associates they’ve paying month-to-month charges.
Be aware that prospects might be retail prospects or recruited associates.
- $29.99 month-to-month subscription fee (affiliate membership price) = 5 factors
- $69.99 month-to-month subscription fee = 25 factors
- $99.99 month-to-month subscription fee = 50 factors
- $129.99 month-to-month subscription fee = 75 factors
- $499.99 month-to-month subscription fee = 150 factors
The Buyer Acquisition Bonus (CAB) is tallied up and paid month-to-month:
- generate 500 factors in a month and obtain a $100 CAB
- recruit three associates who qualify for the CAB in a month and obtain $250
- recruit three associates who every recruit three associates who qualify for the CAB in a month and obtain $1000
Becoming a member of DreamTrips
Fundamental DreamTrips affiliate membership is $29.99 a month.
DreamTrips Conclusion
WorldVentures operated as a pyramid scheme as a result of the Rovia supplied journey facet of the enterprise wasn’t retail viable.
COVID-19 escalated its collapse, however WorldVentures was on the rocks earlier than the journey business got here to a grinding halt. Merely put, the success of WorldVentures was tied to recruitment; it had nothing to do with journey.
I wasn’t impressed with DreamTrips preliminary November 2021 providing. The July 2022 revised compensation plan is extra fleshed out – however the core pyramid scheme stays intact.
In truth DreamTrips’ journey providing is controversial even much less viable than WorldVentures’ was.
WorldVentures’ Rovia plans topped out at $850 after which $149.99 a month.
DreamTrips Titanium provides entry to a “devoted concierge”, curated experiences, $2000 in constitution jet credit score, $1000 in constitution yacht credit score, a worldwide visa service, “precedence entry” to “unique occasions”, room upgrades, golf course entry, each day breakfast, early/late test in/out, most well-liked airport lounge pricing and Hertz Presidents Circle.
DreamTrips’ equal is $2499.99 after which $499.99 a month. That’s a hell of a number of outlay to make again in reductions.
Though the info won’t ever be revealed (exterior of a regulatory submitting), I’d like to know what number of Elite subscribers DreamTrips had (who by no means signed on as associates) – each presently energetic and complete signups.
The pyramid scheme DreamTrips continues might be summed up as signing up as an affiliate and both buying a journey subscription to self-qualify for commissions, otherwise you paying extra for a bonus journey.
Then all you do is deal with recruiting associates who do the identical – and also you’ve obtained your self WorldVentures’ pyramid mannequin.
Apart from it being the middle of a suspected pyramid scheme, I famous DreamTrips screws affiliate over on residual fee charges (preliminary charges).
Traveler 1 by Voyager 1K is capped at $500 – regardless of a 5% to 10% fee fee improve.
All this does is have associates hit the cap sooner. Voyager 2K raises the cap to $1000. DreamTrips might simply have made incremental will increase between $500 to $1000 – however they as an alternative selected to maintain the cash.
Issues don’t get any higher between Voyager 2K and Voyager 10K, with associates now working right into a $1000 per week cap.
Within the greater ranks, until I’m lacking one thing, WorldVentures units its associates up for failure.
Diamond rank introduces obligatory “recent” recruitment quotas every month. Both one new ranked recruit or two new oblique ranked recruits from someplace in your downline.
This might be a nightmare to maintain up month after month and additional emphasises recruitment over retail all through the corporate.
I’ve shared my ideas on Verona Worldwide Holdings disclosure points earlier within the assessment so I gained’t repeat them right here. As a conclusory observe nevertheless, I’ll add that DreamTrips is solely reflective of the enterprise being run by a faceless funding oriented company with no MLM expertise.
Mark and Tammy Smith apart, Common Administration Group have retained executives who had no downside with WorldVentures being a pyramid scheme.
In the meantime Mark and Tammy Smith’s largest MLM success is Nerium, now Neora. The FTC filed swimsuit towards Nerium/Neora in 2019, alleging it’s a pyramid scheme.
Contemplating the Smiths’ made tens of millions in Neora, they’re additionally not more likely to have any objections to DreamTrips’ pyramid centric compensation plan.
Pyramid schemes collapse when recruitment inevitably slows down. In WorldVentures this was a protracted drawn out course of.
The primary signal of bother was non-payment of commissions. Wayne Nugent made certain he was getting paid, and when there wasn’t sufficient coming int to cowl government salaries and funds, WorldVentures filed for chapter.
DreamTrips hasn’t reached the recruiting frenzy WorldVentures did in its golden years, however it’s rising within the US and Italy.
Sadly the FTC by no means sunk its enamel into WorldVentures. WorldVentures’ regulatory points elsewhere on the earth are well-documented (Norway, Malaysia, Jamaica, South Africa, Rwanda, Tonga and Taiwan).
As a potential DreamTrips affiliate, the least you are able to do is ask your potential upline how they’re assembly their month-to-month PV requirement.
In the event that they don’t have at the least two retail prospects on a journey subscription, they’re working a pyramid scheme.
As was confirmed with WorldVentures, math ensures nearly all of individuals in pyramid schemes lose cash.
