Sun Money Network Review
Lately, much has been said about Sun Money Network. People have been approached and encouraged to join the team which is why the company has been put to spotlight. The question that many people want to know is whether Sun Money Network is legit or scam.
The best way to answer this question is to learn more about the history of Sun Money Network, their products and most importantly the Sun Money Network compensation plan. This will help you to decide whether to join the company or not.
Sun Money Network Review- About The Company
The Sun Money Network was created in 2015 with the main objective of promoting green energy across the world. The company also offers education and training to anyone who wants to learn more about sustainable development of solar energy.
Sun Money Network is based out of Europe and Tóth Levente is the General Manager of Sun Money Network. There is no much information about Tóth Levente but sources say he is an educated man with a Doctor of Law (J.D).
Mr. Levante is also a proud owner of a tourist apartment company in Hungary and a lecturer at the University of Eötvös Loránd. Sun Money Network is believed to be his first MLM business.
Sun Money Network Review Products
The company doesn’t have any retainable products or services. Sun Money Network only uses its affiliates to market the company. That is all the information that you can find about Sun Money Network products.
Sun Money Network Compensation Plan
The Sun Money Network compensation plan sees affiliates invest in various packages with a guarantee that they will receive some kind of monthly ROI.
The packages are as follows:
Mini Package- Involves an investment of 30 EUR, which includes a direct sales fee of 10% and 1W solar panel. This investment will yield 150 EUR every month.
Basic Package- Involves an investment of 150 EUR, which includes a direct sales fee of 10%, 10W solar panel, first connection fee of 15%, Network sales fee of 5%, and Network rental fee of 5%. This investment will yield 500 EUR every month.
Silver Package- Involves an investment of 500 EUR, which includes a direct sales fee of 10%, 50W solar panel, first connection fee of 20%, Network sales fee of 7.5%, and Network rental fee of 7.5%. This investment will yield 1000 EUR every month.
Gold Package- Involves an investment of 1000 EUR, which includes a direct sales fee of 10%, 100W solar panel, first connection fee of 25%, Network sales fee of 10%, and Network rental fee of 10%. This investment will yield 2000 EUR every month.
Platinum Package- Involves an investment of 2000 EUR, which includes a direct sales fee of 10%, 250W solar panel, first connection fee of 33%, Network sales fee of 10%, and Network rental fee of 10%. This investment will yield 10,000 EUR every month.
VIP Package- Involves an investment of 10,000 EUR, which includes a direct sales fee of 10%, 2,000W solar panel, first connection fee of 33%, Network sales fee of 10%, and Network rental fee of 10%. This investment will yield 15,000 EUR every month.
It is noted that 20% of all ROI payouts is reinvested back into the business. The affiliates are also paid a commission of 10% on the funds invested by new affiliates.
The Cost of Joining Sun Money Network
Sun Money Network has a total of six packages that you need to choose from. The package are as follows:
· Mini Package – €30 EUR
· Basic Package – €150 EUR
· Silver Package – €500 EUR
· Gold Package – €1000 EUR
· Platinum Package – €2000 EUR
· VIP Package – €10,000 EUR
The main difference between these packages is income potential through the compensation plan. It should be noted that the Mini Package does not allow you to take part in the business opportunity.
Conclusion
The company claims that the monthly ROI they pay their affiliates comes from electricity produced by Sun Money community solar plant. It is true that the company sells electricity generated by solar panels to companies, but the money used to pay affiliates seems to have been sourced from newly invested funds.
The company has however come out clear and says that they are the marketing partner of Radalko Technologies Ltd. The Radalko is a company group member of a worldwide group of investors who are interested in many business and industry, including energy industry.
The bottom line is the only credible source of Sun Money Network funds are the ones contributed by its affiliates. The method used by this company to pay its investors is referred to as Ponzi scheme.
This means that once the company fails to recruit new affiliates, it will run out of funds and be unable to pay the existing investors. If this happens, any person that hasn’t withdrawn more than what he or she had invested will lose.
I personally would stay well away from this one.
I hope you enjoyed my Sun Money Network Review. If you would like to know what I fully endorse and promote myself then read on…
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