December 8, 2020 by Brian Priest. Welcome to My Profit Connect review. Is it a Legit Investment Platform MLM? Or is it a Huge Scam? Let’s find out. 🙂
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Hello everyone and welcome to my Profit Connect Review. There has been a quite a bit of talk going around about this company lately. So I decided to dig in deeper and see what all the chatter is about.
As a matter of fact you may have heard about the Profit Connect company. Or maybe you have been approached by someone about their investment or business opportunity. And you came here to see if it’s legit. So we are going to go through the company, the products, as well as the compensation plan. And then you will be able to make an informed decision about your future with the Profit Connect company.
So stay with me until the end and pay close attention as we go through this Profit Connect Review.
What is Profit Connect?
The Profit Connect company is one of the latest Investment Platform Network Marketing Companies to come on the scene. And it seem that they may have a pretty good deal going on for those of us that like the MLM community. They offer several ideas to help you take your business and your dreams to the next level.
Hey though before we start…
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Now let’s get started and see what we can dig up in our Profit Connect review.
Profit Connect Review – (The Company)
The Profit Connect company dedicates an entire page to telling us about the company. In addition to that the Profit Connect company’s “About Us” also gives a bullet point list of information on each of the company’s founders. I wanted to make that point very clear. Because while doing my research for this review I read a couple reviews that said they could find any information at all on these 2 topics on the Profit Connect company website.
However we can plainly see that that isn’t the truth. Because the company tells us quite a bit about who owns the company and the type of business they run.
The Profit Connect company is headed up by Eddie Kona who is a resident of Las Vegas, Nevada United States.
EDDIE KONA – FOUNDER
Eddie has Twenty-Five Plus years experience in Real Estate and Finance. With his Real Estate and Finance Licenses being held in Nevada and California. He has long standing Career Experience with American Express, Shearson Lehman Hutton, Smith Barney, and GE Capital. And in addition to that he has spent the past fifteen years working with and mastering lead generation, lead criteria, and conversion.
And when you go to his Facebook Profile you can tell that he is very active not only on his Facebook pager. But in the Profit Connect company and in all the other areas of his life as well.
Now sometime Around 2018 Eddie Kona was promoting iMarkets Live with Profit Connect branding. And iMarketsLive got into trouble with the CFTC. But was able to turn things around by launching IM Mastery Academy in 2019.
In Addition to Eddie Kona the Profit Connect Website lists 5 other Co-Founders as well. And they are listed with some pretty impressive credentials too.
JOY KOVAR – FOUNDER –
Joy is a Cancer Survivor and has served for 30 years in education at the Pasadena Unified School District. And was featured in the Lassie TV series in which Joy Escorted Lassie to The White House to meet President Lyndon B. Johnson for the “Keep America Beautiful” campaign for the US Forest Service. In addition to that Joy served as a US AIR FORCE Instructor for High Speed Pattern Recognition and Comprehension. And I’m sure these are just a few of the achievements that inspired Joy Kovar’s involvement in founding the Profit Connect Company.
DR. RON COLMAN – FOUNDER
Dr. Ron credentials include being a Professor at the University California Computer Science Ai, Robotic Vehicle Assembly with General Motors, and Worked with Steve Jobs and Steve Wozniak to integrate Apple Computers into California School Districts. In addition Ron has the US NAVY, USS Midway, and Cryptograph to add to his credits.
MARK WILDES – FOUNDER Profit Connect
Mark spent Thirty-Five Plus years in senior Real Estate Management & Marketing experience. He has Real Estate Marketing & Training experience USA & Canada. And other Career Experience via Procter & Gamble as well as Merrill Lynch Realty. In addition to that Mark has been a Nevada Real Estate Broker/Owner since 1979.
CARSON DIAMOND FAMILY TRUST – FOUNDER
The Mission of the Carson Diamond Family Foundation is to invest in projects and organizations which have meaningful positive impact, primarily through capital investment and foundation initiatives that enhance social and economic solutions within our foundation ecosystem.
ERIC GARRISON – FOUNDER
Eric has Twenty-Five Plus years experience as a Forex Trader and in Finance. He has Raised $500+ million in Private Capital. Owned several real estate franchises in Utah and Nevada. And has a Deep network connections in the fields of Banking, Currency Trading, Equities, Futures, Diamonds, Gold, Oil.
With all that information listed on the Profit Connect company website. I’m not sure how the other reviews missed it. Oh well.
In addition to that I was also able to find the company Registrar Information.
The domain name profitconnect.me was was privately registered on 04/03/2018. And it was Updated 04/04/2020
Now that we have all that covered. Let’s see what the Profit Connect Company has to offer its affiliates and customers for products in our Profit Connect Review.
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Profit Connect Review – (The Products)
The Profit Connect company sells investment plans called “Wealth Builder” and gives you a annual percentage rates (APR) of return that are locked in.
- 1st – Wealth Builder (does not disclose the investment amount) but gives you 15% APR
- 2nd – Wealth Builder Youth (investment amounts from $500 to $30,000) gives you 20% APR
- 3rd – Wealth Builder Unlimited (investment amounts from $1000 to $1,000,000) gives you 20% APR
- 4th – Wealth Builder Home Equity (investment amounts from $30,000 to $1,000,000, 50% USD and 50% home equity lien) gives you 20% APR
- 5th – Wealth Builder VIP (invest $250,000) and get 30% APR
And you can purchase any of these Wealth Builder packages via bank wire. Or by check, cash, and bitcoin.
Ok now that we know they have products and or services open to the public. Let’s see what the Profit Connect company offers as a compensation plan for their affiliates in our Profit Connect review…
Profit Connect Review – (The Compensation Plan)
The Profit Connect company pays it’s affiliates 20% commissions on Wealth Builder investment plans that are purchased by retail investors or sponsored affiliates. And these are the direct commission.
However the residual commissions are paid via a unilevel compensation plan structure. And in a unilevel structure an affiliate is placed at the top of a unilevel team. And then every personally sponsored affiliate is placed directly under them to create level 1:
Not to be stating the obvious. But retail investors can’t earn commissions on level 1 sales. Only affiliates can do that. Which kind of explains itself. However someone thought it necessary that I make very clear. LOL! Ok Let’s get back to business..
Let’s get back to business..
If any Affiliate in level 1 recruits a new affiliates. They new affiliate is placed on level 2 of the original affiliate’s unilevel team.
And If any affiliate on level 2 recruits a new affiliate. The new affiliate is placed on level 3 and so on and so on down through a theoretical infinite number of levels.
This is a good spot to note that retail investors count as level 1 commissionable volume. But remember that retail investors themselves don’t earn commissions. But the affiliate who referred them does.
Commissions are paid by halving the 20% commission paid out as a recruitment commission that is paid up through a theoretical infinite number of levels.
For example let’s say you join the Profit Connect Company as and affiliate and you recruit someone who invests. And as a result you earn your 20% commission. However 50% of your 20% commission is paid to the affiliate who recruited you. In addition to that 50% of the 50% you received (which is 25% of your commission amount) is paid to the affiliate who recruited them. Then 50% of that (12.5% of your commission) is paid to the affiliate who recruited them, and so on and so on.
So what that means is if someone below you in your unilevel team receives a 20% commission and if you fall within their direct line of sponsorship, then you’ll receive a percentage of the 20% commission that they earn.
So exactly how much of a percentage or what degree of halving you fall into depends on how far up the unilevel team you are from them.
Ok now that we have that covered let’s see what it will cost to join the Profit Connect company.
Profit Connect Review – (The Cost to Join)
You can become a Profit Connect affiliate for free. However if you want to take advantage of their amazing compensation plan you will have to purchase one of the Profit Connect affiliate memberships that are available at three different entry prices:
- The Bronze plan is $49 a month
- The Silver plan is $259 a month
- And the plan Gold is $499 a month
The biggest differences between the memberships are bundled marketing materials. In addition to that the Silver and Gold tiers will also receive $50 and $200 into their respective Wealth Builder accounts each month.
And once again as a reminder that there is also a free affiliate option. But free affiliates don’t qualify for MLM commissions. However I do believe free affiliate do earn direct commissions.
Now I know this has been a lot of information. So I found this video on YouTube that ties it all together pretty well. It is from a company affiliate so it will be biased. So just remember to use it for informational purposes only.
So now comes the part you’ve been waiting for. So stay with me for just a few more minutes. Because here are…
My Final Thoughts
So is there some kind of scam going on behind the scenes at the Profit Connect Company.
To be honest with you. I don’t think so. I mean the Profit Connect company offers passive annual returns of between 15% to 30%. And seriously that’s not that far out there. It’s actually possible to legally pull in those kinds of returns.
Not like a bunch of these cryptocurrency MLM’s that are promising crazy returns of 30% per month. Which is more than obvious a scam.
I do have a couple of serious concerns at the moment and that is that the Profit Connect company is they are offering securities with their APR returns. And as of right now neither Eddie Kona nor the Profit Connect company are not registered with the SEC to legally offer securities. However in one of the company’s marketing materials, Eddie Kona does say they report federally.
But once again..
They are not registered with the SEC.
In addition to that they claim to make their external revenue through:
- High-Frequency Mining
- AI & Machine Learning
- System Cryogenics
- Forex Trading
- Stock Trading
- Cryptocurrency Trading
- ICO/STO Capitalization
- Venture Capital
Now there is nothing wrong with any of that. However here again we come to the point that the Profit Connect company is required to be registered with the SEC and the CFTC.
And Remember what I said earlier about iMarkets Live and about the CFTC. They were offering some kind of auto trading bot that was doing the trading for you.
Anyway I can’t recommend the Profit Connect company the way thing are. However If they get those SEC/CFTC registrations it would change everything for the good…
And I would say go for it then
But we shall see if they decide to go that route or not…
But before you go, check out the platform that changed my life…
I hope you have enjoyed my Profit Connect review. And as always if you have any questions or comments. Please feel free to leave them in the comments section below.
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