SmartMula fails to supply possession or govt data on its web site.
SmartMula’s web site area (“smartmula.com”), was registered on OCtober twenty fourth, 2021. The non-public registration was final up to date on December twenty sixth, 2022.
As at all times, if an MLM firm isn’t brazenly upfront about who’s operating or owns it, suppose lengthy and onerous about becoming a member of and/or handing over any cash.
SmartMula’s Merchandise
SmartMula has no retailable services or products.
Associates are solely in a position to market SmartMula affiliate membership itself.
SmartMula affiliate membership supplies entry to “many On-line Merchandise together with Programming and Foreign exchange classes”.
SmartMula’s Compensation Plan
SmartMula associates pay $5. Commissions are paid after they recruit others who do the identical.
SmartMula pays referral commissions down three ranges of recruitment (unilevel):
I don’t have particular USD quantities however SmartMula associates in Kenya had been charged 450 KSH to affix.
That is fee unfold on a 450 KSH SmartMula membership payment:
- degree 1 (personally recruited associates) – 250 KSH (~55%)
- degree 2 – 100 KSH (~22%)
- degree 3 – 50 KSH (~11%)
Becoming a member of SmartMula
SmartMula affiliate membership is $5. This seems to be a one-time cost.
SmartMula Conclusion
SmartMula is a straightforward pyramid scheme. New recruits pay $5, which funds recruitment commissions of those that recruit them.
The bundling of companies with SmartMula affiliate membership is irrelevant to it being a pyramid scheme. In SmartMula’s MLM alternative, nothing is marketed or bought to retail clients.
100% of commissions paid out in SmartMula are tied to recruitment, which is what makes it a pyramid scheme.
From what I can collect SmartMula was initially promoted throughout Africa, specifically in Nigeria, Kenya and Uganda (probably elsewhere). That has now collapsed.
SimilarWeb tracks a continued decline in site visitors to SmartMula’s web site:
Evidently SmartMula has collapsed in all places besides Egypt.
Except new victims are discovered elsewhere, when SmartMula recruitment inevitably collapses in Egypt, that’ll be the tip of the rip-off.
Math ensures the vast majority of members in MLM pyramid schemes lose cash.
