Surge 365 Review: Legit MLM?
Surge365 was founded by Lloyd Tomer (or Coach). Tomer was also one of its leaders. In 2001, he also founded YTB International MLM.
Between 2006 and 2008 YTB was under investigation and sued in Rhode Island and Illinois. In 2008, California Attorney General Jerry Brown settled the case against YTB.
YTB International Timeline
2006: YTB was launched as a Travel MLM Company.Surge365 J. Lloyd Tomer (son of Scott Tomer) and Kim Sorensen started the company in Alton Illinois. In 2004, the founders of REZconnect Technologies purchased a majority stake in the company. They increased their marketing budget, attracted new members, and used videos of highly successful salespeople to attract them.
2007: Royal Caribbean ceased trading with YTB and called the company a card mill in 2007. This industry term refers to a company that offers perks to the general public but is not available to travel agents.
2008: In 2008, Jerry Brown, the California Attorney General, sued. The court settlement required changes to the business model, and a reduction in membership due to negative press. YTB had announced that 17 employees would be laid off in a reorganization in late 2008. The company's 2008 sales were $44.8 million. In 2008, the company had $44.8 million in sales
2009: Financial statements show that the company lost $1.9million during the first three months of 2009. Revenue fell by 49 percent to $21.8million the first year, and $18million the second. The number of paid members has also declined from 138,000 in April 2008 to 60,414 in mid-2009. The company sold many commercial assets in 2009 due to a decline in sales. RezConnect was also purchased by RezConnect's officers at RezConnect in 2009. YTB will assume all liabilities related to YTB under the terms of the agreement.
2011: The company's headquarters in 2011 and the surrounding properties were purchased for $7.6 million. Sixth Scott LLC was a brand new company that bought YTB Travel Network from YTB International in October 2011. One year later, the organization was renamed First Alliance Travel.
2012: J. Kim Sorenson was one of the founders. He was 62 years old when he died on February 1, 2012. YTB announced a merger with LTS Nutraceutical in March 2012. (Another MLM company) In May, the company announced that it was undergoing a major overhaul and that Robert Van Patton had resigned as President and CEO. YTB announced the resignation of Scott Tomer, chairman, and founder.
2013: YTB International applied for Chapter 11 bankruptcy protection in St. Louis, Missouri, on March 1, 2013. The company's most recent quarterly earnings report was for the third of 2011. Later, however, it was discovered that the report contained errors.
Sam Hathi, a Chicago-based entrepreneur, purchased YTB's assets on October 11, 2013. Since the purchase, YTB Global Travel has been in operation.
Surge365 Review: What are the Lawsuits?
Jerry Brown, California's Attorney General, sued MLM companies for $25 million in August 2008. He claimed it was a pyramid scheme, among other charges. Lisa Madigan, the Illinois Attorney general, joined Brown in the investigation.
A class-action lawsuit was filed by several former agents, alleging that the company was a pyramid scheme. According to the case, although the company claims to offer travel services it also states that its main business is to induct others to become travel agents.
In July 2009, the lawsuit was dropped on the grounds that Illinois residents should not be prosecuted under Illinois law. After receiving more than 150 complaints from Illinois Better Business Bureau and her office, Lisa Madigan, Illinois Attorney General joined Brown's state investigation.
According to the BBB, new agent recruitment accounted for 80% of YTB’s income. The average annual income of agents was $111, which is nearly $400 less than the $499 registration fees.
In Rhode Island in 2007, YTB was being investigated for similar charges.
Is Surge365 A Pyramid Scheme? Is Surge365 a Scam?
Surge365 is a pyramid program. They must recruit others to make money.
Although it is possible to create a successful MLM company that is profitable and lucrative, there are other options.
This is not like Surge365, which shows success only from people who have done it a few days ago.
What's a Pyramid Scheme?
A pyramid scheme is one that offers members cash compensation for referring new members.
It is difficult for any business member to make a profit. Soon, you will run out of people to hire.
Surge365 is a fraud?
Surge365 is fraud. Surge365 targets liars. They claim customers will make a lot of money by booking tickets and making hotel reservations.
How do you make money as an agent for Surge365?
Surge365 Business Associate Compensation Plan
Surge365 Compensation Plan offers four options for profit:
- Commissions for Recruitment
- Residual Commissions
- Matching Bonus
- National Marketing Director Bonuses
Surge365 MLM uses fancy names and words in order to convince customers that there are many ways to make money. Surge365 is focused on recruiting people.
What does SBA stand for? What is an SBA?
SBA stands to Surge365 Business Associate.
SBAs have the option to use MML to build a team, earn commissions and bonuses, and sell The Ultimate Travel Solution/ Vortex Membership/ Vortex Platinum. There are two types of SBAs: the Jr. Executive Program (or the Travel Owner Executive Package program).
Can Surge365 be joined as an SBA?
To be eligible to become an SBA in Surge365, you must be at least 18 and have a valid social security number, FEIN, or equivalent tax ID type for your area. Accepted credit cards include Visa, Mastercard, and Discover as well as American Express.
Surge365 charges a commission for SBAs. Surge365 issues a form 1099 (or a regional-specific form) to SBAs who receive less than $600 per year. All information must be accurate.
Do you have to pay a fee for becoming an SBA in Surge365?
SBAs can earn unlimited commissions or bonuses by selling Ultimate Travel Solution products. Fees for the Junior Executive Program are $19.95/month and $99.95/month for the Travel Owner Executive program span>
Get access to the Winners-Win Live Training and the first 60 day Success coach (must choose at signup). The Surge365 app that allows you to manage your SBA business from anywhere, and the Taxbot app, which tracks mileage and costs.
What is the Surge365 Mobile App?
SBAs can use the Surge365 Mobile App to send videos to prospects, enroll new members, start 3-way opportunity calls, and access their back office. You will receive real-time updates and information, as well as a range of training and resources. Both iPhone and Android users can download the app.
Why should you use Taxbot?
Taxbot tracks your expenses and mileage, automating your accounting. This will allow you to recognize and categorize business trips.
What tools is Surge365 offering to SBAs?
For team-building purposes, each SBA is given a special website URL by Surge365; https://www.surge365.com/(your ending) is an example of a website. A Back Office site which houses your personal and team information, as well as your marketing website, is available. Because your username and password are protected, only you can log into your account to view or modify it.
Other resources can be found in the Back Office under Menu > Ressources:
What does QTO mean?
QTO is Qualified to Override. This means you must have Vortex Platinum subscribers or three (3) Vortex Membership subscribers.
What's The 3 and Free Club?
Share your Vortex Platinum Membership, Vortex Membership Access, or Vortex Membership Access with an SBA. Each member will be charged $59.95 each month.
Refer three (3) subscribers and the monthly subscription fee will be waived. The Vortex owner will be charged the monthly fee if one of the subscribers fails to pay.
Members of the 3 and Free Clubs need to ensure that their referees remain active subscribers.Surge365 The 3 & Free Club is open to all. All are welcome to join the 3 & Free Club.
Quick Start to Building a Team
You have 30 days left to join Team Builder.
An SBA must earn 14 points in a period of 30 days to be considered a team-builder. Six points, or 6 points, must be personal.
$150 Bonus to Get a Quick Start
If you sell three (3) products ($199 or $299) within the first eight days of your SBA, you will be awarded a $150 Fast Start bonus.
$1,000 Bonus to Quick Start
If you sell 14 Vortex Platinum memberships within the first 30 days of becoming an SBA, you will be eligible for a $1,000 Fast Start bonus.
Regional Team Builder
Regional Team Builder Group is the highest level of leadership business associates have the opportunity to achieve. Your next Junior Executive (SBA), will help you to build your Regional Team Builder groups.
What's the Cancellation/Refund Policy for ?
You may cancel at any point by sending an email to email@example.com or by submitting a Support Ticket on your personalized website. All monthly subscriptions include a 5-day money-back guarantee.
Surge365 MLM Review: What Do I Like and Not Like?
What I love about Surge 365
I will be honest and direct.
Surge365: What I don’t like about it
Surge365 Review: Last Thoughts
While I do not intend to criticize Surge365 in this review, I strongly advise everyone to avoid this MLM opportunity. Surge365 offers a high-risk business model as well as a questionable compensation plan that is similar to pyramid schemes. Therefore, it is not for me. You might be better off looking at other MLM companies.
eMoney Kings is the #1 Recommendation to Make Money Online in 2022
The program was top-quality in the real estate market!
It is digital, but it's not real estate.
SURGE365 is lacking in scalability.
Time is limited and there are only so many people you can reach.
MLM companies get this. MLM companies will encourage you to recruit other people for your downline. It's not possible to make it big if you are a one-man show.
Imagine making more money with your local websites. You don't have to spend hundreds of dollars on high-end products or spend a lot of time finding people who will work under your brand.
You can make a regular monthly income with this digital real estate program, even if your friends and recruits don't buy as often.
Is it too good to be true
Yes, it does!
However, it's not. Many business owners wish they could have this skill.
It is easy to build and rank your local website and then forward the jobs on to business owners.
This applies to any service-based business.
How can you get paid the most?
The concept is simple: once you send the jobs to a business owner and he makes money, you can ask for mutual benefits.
A fair price per lead, depending on the industry is between 10-20 %... Let's use the tree service industry to illustrate the worst-case scenario.
Let's say you rank the site and receive only 10 jobs per year. Tree service jobs range from $500 to $2000.
You should have at most $500 in assets per month!
It is easy to see why they call this a digital estate.
This payment is for rent.
Scaling is simple. No worries:
You can only eat what you eat, just like SURGE365.
Take the course we recommend to get massive FLAT RATE DEALS. This passive income is really amazing!
Find out the importance of keywords, website names, and how to send emails with notifications about calls and backlinking.
You will be able to access a Facebook Group after the training program has been completed. This group is active and more social.
Instead of SURGE365 where you only get $10 per sale, you could be earning 10-20X that.
Businesses will always require more leads and jobs. They see it as it really is...expanding the digital estate.
SURGE saw more people quit their 9-5 jobs than.
While passive income can be earned from digital reality, most of your time will be spent having fun with friends and not trying to sell.
There are likely many questions.