iMarketsLive is a popular entrepreneurial academy program that also goes on the name “IM academy” or “Mastery Academy” after having a rebranding campaign. It can be known as IML, an abbreviation of the original name.
The program initially began as grounds for amateur investors to learn the forex market and has since grown in to a multi-industry investing learning program. The “academy” will come in multiple languages and even has a unique app.
In this review from IBuyIReview, you'll discover not merely what iMarketsLive is about, but also find out about their compensation plan, which reveals a lot of their business structure, giving you insight into whether or not this system is the right choice for you and your goals.
What is IML Compensation Plan
Once you join IML academy as an IBO you can have several ranks you can reach through IML compensation plan. Each level gives you weekly or monthly payment and with each level it increases.
Each level increases as soon you have more customers which you have referred to IML academy.
Those levels are divided into IML ranks which you will see on the IML rank chart below.
is iMarketsLive an MLM or Pyramid Scheme?
Both MLMs and pyramid schemes get a lot of bad press. Pyramid schemes, on another hand, are illegal in lots of countries, including the United States.
It could be problematic for the average person to ascertain whether the company they're buying into is a pyramid scheme or simply just an MLM company, especially considering many pyramid schemes will hide their activities behind a MLM façade.
This leads everyone down a confusing grey area, but the Federal Trade Commission, or FTC, draws a definite line where these schemes cross over and become illegal.
Essentially, once the company crosses the type of incentivizing distributors to recruit and making most of the profit off new recruits, that's when it becomes a pyramid scheme. The heavy focus on recruitment is what the FTC is wanting to avoid. MLMs are allowed because, while distributors are permitted to recruit, the company receives most of its revenue from product sales.
Let's get something straight: even having an MLM, just because it's legal doesn't allow it to be any more of a legitimate business opportunity. Your chance of achieving any meaningful success – that is, profit – is typically 1%.
This figure is from a real report that arrived a few years ago and was sponsored by the FTC; the rest of the 99% of men and women who be involved in MLMs either break even or, more commonly, lose money.
Overview of the IML Compensation Plan
To access the IML compensation plan , you have to enroll in the IBO package that will be an additional charge to your account on top of the academies you are enrolled in. To get a detailed view into their exact process, you have to become listed on the IBO program. These stats aren't available to just anyone, even after enrolling in an academy Website.
There are four ranks that you could achieve as an IBO of the company. Starting at the cheapest commission rate, level four, you can earn 5% for each recruitment.
To maneuver up the ranks, there's another layer to the compensation plan. As well as moving a certain product volume, you must recruit a certain number of ‘subscribers'with the minimum “platinum rank” placing you at a monthly pay of $150 for 3 maintained subscribers.
The ranking system moves all the way up to $500,000 monthly for the Chairman 500 rank. Few – if any – people achieve this rank, because it recruits a product level of 4.3M and 30,000 subscribers. A few spokespeople for the company have claimed to achieve Chairman 10 or Chairman 25, which brings in $10-25K respectively, with the absolute minimum subscriber count of 500 and 1,250.
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