Product Name: U-Economy
Product Website: Ueconomy.com
Product Owner: Peter Wolfing
Product Type: High Ticket Recruiting
Price To Get Started: $49+ Upsells
Overall Rank: 1/5 Stars
As I was checking my email this morning this program happened to stick out and I found it quite intriguing so I opened their email to see what it was about.
It didn’t take long before I was able to figure out that this was another recruiting based system where you would need to recruit people into high ticket packages and potentially earn thousands of dollars per sale.
After doing a bit of research on this company, I decided to write a detailed review and share it with you guys today.
In the following review, I’ll be showing you guys what this system is all about and if it’s truly possible for you to make the amount of money that they claim you can in the sales video.
If you have come to my website looking for answers to some questions that you may have about this system then I encourage you to continue reading as I’ll be going over all of this in detail.
Let’s Get Started!!
In a nutshell, this is a high ticket recruiting scheme where the only way to make money with it is by bringing other people into the company.
Launched by Peter Wolfing who happens to be no stranger to the online marketing world as he has created many other high ticket recruiting schemes like:
These are just a few that I can think of off the top of my head!!
Like other systems of this nature, you’ll need to obtain the resell rights to promote this scheme to the next person.
This is what I like to call a fancy way of charging you a fee to join their affiliate program.
I have reviewed quite a few systems that are set up exactly like this one so I knew what to expect when I started doing my research on this opportunity.
How Does It Work?
It’s free to create an account but in order for you to earn commissions, you’ll need to invest in the various levels of memberships to become qualified to earn these massive commissions.
I’ll be getting into more detail on the pricing of things here in a few minutes but right now I want to focus on how this scheme works and whether you can make it work for you first.
Is that cool with you guys?
Once you join and pick a paid level to join at you’ll then need to go out there and promote this opportunity by whatever means necessary.
For some people, this could mean recording a youtube video or writing a blog post about the company and showing people whats so great about them and how they can change your life.
There is so called training available in the member’s area that shows you how to promote this scheme to the next person.
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Pros Vs Cons At A Glance
- Can make you money (If you have experience in marketing)
- Get started for only $49
- Recruiting based
- Very expensive & risky
- No refunds
- Another cash gifting scheme with a twist
How Their Compensation Plan Works
In order to be an affiliate for U-economy, you’ll need to pay a $49 monthly fee. Once you have secured this fee here’s what you’ll have access to as an affiliate.
This will unlock the unilevel compensation structure and this is as follows:
What this means is that you’ll get paid for the people you personally sponsor as well as your level 1 and level 2 personally sponsored members who bring in their own referrals into the company.
Don’t feel bad, I was pretty confused myself when I first started doing my research on this system.
Not only can you get paid on these 3 layers, their compensation plan will also pay you 12 levels deep on these 3 layers.
Here’s the breakdown of how much you can expect to make from each person you bring into the company
- Level 1- Personally Sponsored Referrals $7
- Levels 2 and 3- $3 per referral
- Level 4- $5 per referral
- Level 5- $2 per referral
- Level 6- $6 per referral
- Level 7- $7 per referral
- Level 8- $2 per referral
- Level 9- $3 per referral
- Level 10-$ 2 per referral
- Levels 11 and 12- $1 per referral
These types of commissions are broken up into 4 different payment tiers and they are as follows.
Once your personally sponsored referrals buy various products and pay fees these funds will be gifted directly to you using a 1 up compensation plan.
For those of you who aren’t familiar with how a 1 up system works, it’s basically where you get to keep your first sale and your second one is passed up to your sponsor.
Also if you aren’t qualified to receive commissions on any particular level then these commissions will be passed up to your sponsor as well.
To qualify to earn commissions on any level you must first purchase the product package for that particular level.
All membership levels will pay you 100% commissions on these products, however, you will need to pay a 5% processing fee.
U- Academy Commissions
These types of commissions are set up in a similar fashion but come at a much higher price.
There is no 5% processing fee but you will be required to pay a licensing fee instead.
There are 6 levels in the U-academy as and they are as follows:
- Level 1- $1,500+ ($149 Licensing fee)
- Level 2- $3,000+($275 licensing fee)
- Level 3- $6,000+($495 licensing fee)
- Level 4- $12,000+($795 licensing fee)
- Level 5- $25,000( No licensing fee)
- Level 6- $50,000+ ($1,995 licensing fee)
These levels also payout at 100% commission as long as you’re qualified to earn commissions at these levels.
How Much Will This Ultimately Cost You Over The Long Term?
Like I said earlier, it’s going to cost you $49 monthly to get started but if you want to earn the high ticket commissions that Peter talks about in the sales video it’s gonna cost you a whole lot more.
To earn U-Academy & U- Marketplace commissions you’re going to need to invest in these products before you’re qualified to earn commissions from them.
If purchased individually these so called products could cost you upwards of $102K or more including processing fees and licensing fees.
If you’re looking for a package deal you can get qualified for nearly half that price at $52K with all fees included.
Why anyone would want to spend anywhere from $50k – $100K on digital-based products on information that is readily available on the world wide web for free is beyond me.
I have reviewed hundreds of make money online opportunities in my 5 years as an internet marketer and this has got to be hands down the most expensive one to date.
Is U-Economy A Scam?
While I wouldn’t go as far as too say that this is a scam since you are getting some kind of product training in exchange for your money.
However, I wouldn’t recommend this to anyone who is just getting started online,(Or anyone for that matter)
Due to my previous experience with many of these high ticket schemes in the past, I can honestly tell you that you won’t make a dime from them unless you have at least $50 thousand dollars to invest in them.
Even then nothing is guaranteed and this will all depend on how much time and effort you put into it and how hard you work at it.
With these types of recruiting schemes getting shut down on a pretty regular basis, I would hate to invest my life savings in this system to only have it get shut down by the FTC.
Ever since the crash of Empower Network back in August of this past year and the more recent shutdown of Digital Altitude just last week, I would hate to invest my money into another high ticket scheme only to lose everything.
Also, it’s important for you to keep in mind that if you’re promoting a scheme like this and they get shut down you could face legal action as well.
So What Now?
If you have made it this far in my review then obviously you’re serious about making money online. Learning how to build a business online is definitely possible but I can assure you that recruiting isn’t the way to go.
This may seem like a great way to earn lots of money in a little amount of time but trust me unless you have experience recruiting people, then your chances of coming out on top is slim to none.
Instead of recruiting people into a high ticket scheme that could likely wipe out their life savings and put them out on the street, I would much rather help people out and show them how to build a real business online.
This is something called affiliate marketing and this business model has been around since the late 90’s.
This involves taking a hobby or interest of yours and building a website around it.
Sound like something you would be interested learning more about?
Well, if you answered yes then you should definitely check out a company called Wealthy Affiliate. This is the place that has shown me how to take my hobby of gaming and turn it into a profitable online business.
It’s actually free to get started and everything you need to get up and running is included in your starter membership.
Other than that, I really hope this review has helped you guys out and has given you an inside look at how much money you’ll need to invest to qualify to earn the crazy commissions that Peter talks about in the sales video.
Are you a previous member or perhaps a current member with a story to share with everyone?
I encourage you to leave it for me in the comments below!!
I would love to hear from you guys and answer any further questions you may have about this in the comments below as well!!