Is Wealthy Affiliate A Pyramid Scheme?

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Is Wealthy Affiliate A Pyramid Scheme?

It’s completely natural to have doubts about online marketing platforms or any platform that makes you money from home as there are many pyramid schemes out there and it’s common misconception that online marketing is ‘too good to be true’.

Firstly, What Is A Pyramid Scheme?

According to Wikipedia ‘A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products. … Some multi-level marketing plans have been classified as pyramid schemes.’

 

 

 

 

 

Don’t Get Scammed By Pyramid Schemes

Not only are pyramid schemes illegal, once involved they can be financially devastating. How a pyramid scheme works is quite simple.

See a break down below

  1. A business model will recruit members by promoting payment through products or services by enrolling other members into the scheme.
  2. The recruited members will pay an entry fee to join the ‘exclusive company’ the more they pay the more benefits they get.
  3. Recruits are given products to sell but the main emphasis is to get more people to join the company
  4. Recruits  are paid a commission for every new recruit they bring to the company. The new recruits then recruit new members who pay the entry fee
  5. The system is designed to benefit the management or early entrants into the company. Therefore gaining the name pyramid scheme
  6. Eventually the new members, the main source of income to the company, will run out and the entire scheme collapses
  7. Members at the bottom lose their hefty investments whilst those at the top pocket the money.

pyramid-scheme-broke

How To Spot Pyramid Schemes:

Its always handy to know how to spot a pyramid scheme when looking to earn a living online

  1. The company will charge high entry fees
  2. The company’s business model is vague and its source of income is primarily based on recruiting new members
  3. The ‘products’ sold by the company is the biggest giveaway. They are usually overpriced or have no market or consumer value.
  4. A legitimate company would discourage sales people from buying too much stock and offer opportunities or refunds for unsold products. Pyramid schemes do the opposite.
  5. The company would promise you unusually high returns on your investment. The more you invest the higher your returns will be.

Note my last point there (no. 5). Wealthy affiliate firstly, does not PROMISE unusually high returns. What Wealthy Affiliate does PROMISE is with hard work, dedication and successful time management, that you can become successful and wealthy in the world of affiliate marketing. Also you do not have to invest more or in-fact anything into wealthy affiliate if you do not want to.

Furthermore, A pyramid scheme takes some of / nearly all of your profits. Wealthy affiliate takes none of your profits. Your commission is yours to keep!

Although Wealthy Affiliate does offer an optional fixed fee premium membership option to help you grow your business even further, I strongly advise that beginners try the free membership first. This will help you get to grasp with affiliate marketing and open your eyes to great training and benefits that come with wealthy affiliate.

wa-join

The premium membership is a very reasonable monthly payment of $49 per month or $359 per year. That works out to less than $1 per day for complete access to the platform, support, website, tools, community, and expertise.  The price is all-inclusive and includes everything you need to create, grow and scale your businesses to any level online. That has remained the same since the very beginning (15 years ago). Also if you decide to cancel premium membership, it’s as simple as that. Cancel the membership and your payments stop.

You also have complete access to the Wealthy Affiliate founders Kyle and Carson. This is not something a pyramid scheme would do.

kyle-profile-page

Millions Make A High Turnover On Their Affiliate Sales

As you will see once logged into the platform, there are success stories everywhere. Wealthy affiliate provides full training for people to become the very best at affiliate marketing so they train you to earn an honest and fulfilling living. Unlike a pyramid scheme that take all the profits and leave you in the dark financially.


There are no other affiliate companies on the market that offer the chance to study affiliate marketing for free and become an accomplished marketer by following their straightforward step by step training regime
So to conclude and answer the initial question, the answer is no, Wealthy Affiliate is not a pyramid scheme and is a completely legal and legitimate platform that I highly recommend you try for FREE. What’s there to lose? I’ll tell you, nothing.

If you have any questions or would like some advice on Wealthy Affiliate please leave me a comment below.  get started with wealthy affiliate

 

 

 

 

10 Responsesso far.

  1. Eric Cantu says:

    Solid overview on WA and pyramid schemes. I was just explaining this to a friend, and since they didn’t want to take my word for it, I said, “Well let’s just Google it then…” and here we are. Nice job. She especially liked the pyramid visual you employed. The fact that from within WA you could choose to never promote it at all is the tell-tale sign for me.

    Keep up the good work!

    • admin says:

      Hi Eric

      Thank you for your comment. It is always difficult to try and persuade people that WA is legit and not a pyramid scheme etc. However the proof is in the pudding; look at the success the platform has had. Thanks again for your time

  2. Ferra says:

    Hello there,

    Thank you so much for this inspirational post. It’s definitely clear that Wealthy Affiliate is not a pyramid scheme. WA even helps people to get free training until they get their website up and running. The choice is theirs if they want to keep learning and growing together with other WA members.
    I love the support system within the WA community. We can see how people can be successful here as long as they want to work hard and committed to build their business.

    Once again thank you for this post. It will help to build more credibility to WA.

    Cheers,
    Ferra

    • admin says:

      Hi Ferra

      Thank you for your comment. exactly, like you say it offers a free membership so we have nothing to lose. thanks again

  3. You provide a great explanation of pyramid schemes, and Wealthy Affiliate in general.

    It seems pretty clear from your article that Wealthy Affiliate is legit.

    They’ve been around for several years too, so that should count for a lot.

    My own website, africangreylife.com, was born out of what I learned from Wealthy Affiliate.

    They are definitely above board and your visitors would do well to check them out.

    Frank

    • admin says:

      Thanks Frank. They are an essential tool when it comes to building an online business. I took a look at your website and its a great insight into the worlds of grey parrots

  4. Hi,

    I have chosen to comment on your post, “Is Wealthy Affiliate A Pyramid Scheme?”

    Firstly, I think you have done a very good job; congratulations!
    You have taken the Reader (who will in many instances be feeling anxious) step-by-step and given the necessary background. You might just wish to add “Ponzi scheme” somewhere in your explanation of what a pyramid scheme is, as this another widely used term, which people may use for their search. I don’t know how good a keyword it is, but I am sure there can be no harm in adding it.
    Then you have gone on to explain what WA is. And you have been absolutely truthful in every way.
    Then you have concluded by taking the stress off your Reader by answering the topic question.
    I wish I had come across your article a few months ago! I was actually also reading about Ponzi schemes a few months back, albeit not in relation to Affiliate Marketing. The information from various sources was as you presented it!

  5. Ceci says:

    Hi Russell,

    I really enjoyed your video which very beautifully presented the distinctions between MLMs, Pyramid schemes and affiliate marketing.

    Wealthy Affiliates is definitely different. I can see why there could be a higher success rate within this model given the provision of such comprehensive training, resources and support.

    I would imagine that if one is focused and success driven, Wealthy Affiliates would be a great area to look into as it certainly offers the potential for success. I will be following up……

    • Russell Amos says:

      Hi Ceci thank you for your comment. You’re exactly right. Many people give up too early Because they’re not making money straight off the bat. It’s essential to push on and keep going. If you put in the work I can guarantee success with Wealthy Affiliate

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