Welcome to my blog and welcome to my Multisure Review
Every day a new MLM opportunity lands on my desk. Today it’s the turn of Multisure. It seems to be building up traction with affiliates trying to recruit through social media.
If this is a company you’re interested in joining, then I’ve got you covered today.
I’m not affiliated with this business opportunity in any way, so whether you buy off me or not, I doesn’t matter.
I’m just here to give you my personal opinion so you can make an informed decision if it’s a right fit for you or not.
Will Multisure make you money or is it a scam of some sort?
Let’s find out.
Multisure Review – What can you tell you about the company?
On their website, Multisure claim to be a :-
dynamic 100% South African “born and bred” company started in the year 2000.
The Managing Director is a Denton Goodford and he is credited as the “face, head and heart” of this company.
His bio tells us that Goodford’s is an ex State Prosecutor and practised as an Advocate of the High Court of SA.
It goes on to tell us that Denton started MultiSure in 2000, seeing the need in South African for legal cover with a difference.
With a purpose to empower others he created Multisure as a network marketing business benefit others from his experience, and for them to work towards their own financial freedom.
I couldn’t find any previous mention of MLM experience for Goodford.
The Multisure Product Range
There are two products marketed by Multisure. These are legal and funeral cover.
The website says this:-
We have combined two affordable and in-demand financial Products with a Business Opportunity which anyone irrespective of background, education and experience can make use of.
- Legal Assist – This product provides legal advice and assistance when you most need it. This offering starts at R68 ZAR a month ($5 USD) and increases by 10% per year.
- Funeral Assist – This product provides you and your family with protection from high funeral expenses in the event of your own death or that of a member of your family member. This offering starts at R30 ZAR a month for R3000 ZAR singles cover and proceeds up to R295 ZAR a month for R20,000 ZAR family cover
The entire policy is available on the Multisure website.
Multisure appear to offer their insurance products themselves. The company is a South African Authorised Financial Services Provider (FSP no: 21043).
The Multisure Compensation Plan
If you were to become a Multisure affiliate then you would be paid commissions via a unilevel compensation plan.
This basically means that you can recruit as many people as you can, and in turn those people you recruit can recruit as many people as they can and so on and so down a theoretical infinite number of levels.
However Multisure caps the number of levels you can receive a payment at three
Multisure affiliates are paid commissions to recruit down four levels of their unilevel team. These are the percentages on offer: –
- Level 1 (personally recruited affiliates) – R50 ZAR ($3.65 USD)
- Levels 2 and 3 – R20 ZAR ($1.45 USD)
Insurance Premium Commissions
There is an 18% commission if affiliates sell insurance premiums which paid down four levels of the unilevel team.
The compensation plan documentation states this percentage can increase, but provides no additional information.
How much is it to Join Multisure?
If you think Multisure really floats your boat, and you want to join up, then affiliate membership is R110 ZAR ($8 USD).
To make money in the Multisure income opportunity shown above, then you will first need to sign up for at least one insurance plan (these are between R30 and R295 ZAR per month).
There is also another fee of R120 ZAR fee which is payable for each insurance plan a Multisure affiliate signs up for (equivalent to $8.77 USD).
Multisure Review – Conclusion
What we are dealing with here is blatant pyramid scheme, where the name of the game is for affiliates to recruit, recruit, and recruit some more.
Multisure themselves don’t seem too care, with this statement on their website:-
MULTISURE pays a very generous commission to members who recruit others.
Get others to Join Once and Earn Forever – as long as they pay their monthly premiums!
On top of this blatant statement, Multisure go on to say how affiliates can work towards becoming an “independent Multisure consultant”:-
“You subscribe to at least one of our products yourself, either LegalSure or FuniSure or both (you can click on Join Now).
From thereon we show you how to effectively market those exact same products to others as well as show them how to set up their own businesses as part of your team.”
What I don’t like about this company is that affiliates are required to buy something to earn money. This in the world of MLM is known as “pay to play”.
With no focus at all on selling the insurance packages to retail customers, there is no doubt in my mind that Multisure is operating as a pyramid scheme.
Pyramid schemes only benefit the admins who set them up. Most people like you and me are mostly likely to lose or money before it eventually collapses.
Jeremy, what do you recommend?
I’ve been making good money online for 5 years now, and this is in my opinion is the perfect online business model, and it’s the company I’m involved in and making money.
- You don’t have to recruit.
- You don’t have to annoy your family and friends by inviting them to parties to buy your stuff.
- You don’t have to create products.
- All the training is Step-By-Step.
- You don’t have to waste money and time figuring out how to make money online yourself.
- You get assigned your own Personal Coach to guide you.
- The Best part – You can start today for only $1
If you are serious about building a home based business, this will and save you the years of frustration that I went through.
Well, I hope you found this Multisure Review interesting, and as always, if you have any questions, please leave them in the comments section below.
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