Lyconet MLM

You are cordially invited to read my review of Lyconet. As a marketer, is it possible to earn money with the Lyconet MLM Business Opportunity? Is Lyconet a legitimate business or just another pyramid scheme?

I am aware that you have come to this page to inquire about the possibility of earning money as a Marketer with Lyconet USA.

It is wonderful that you are conducting research; doing so is the way to find trustworthy online businesses and to prevent being taken advantage of.

Be aware that I am not affiliated with Lyconet MLM in any way; as a result, you can anticipate an objective and in-depth analysis of the business opportunity offered by Lyconet.

Please keep read.

Review of Lyconet USA: Executive Summary

Direct sales and multi-level marketing (MLM) networking is what Lyconet does.

You will have the ability to administer your loyalty program in such a way that allows you to earn downlines for the international Shopping Community when you use Lyconet MLM.

You may make money as a Lyconet Marketer by advertising the Cashback World Customer loyalty program to potential customers.

You contribute to the expansion of the Cashback World eCommerce and International shopping community by bringing in additional online shoppers (members).

You get a certain percentage of the cashback that is earned by each of your downlines.

But as a marketer, are there opportunities to earn money with the Lyconet MLM Business Opportunity? Is Lyconet a legitimate business or just a scam? Or is Lyconet a sort of elaborate Ponzi scheme?

Reasons Why You Might Not Make Money with Lyconet’s Multi-Level Marketing

Only 0.3% of the members of any multi-level marketing (MLM) organization will make money, which means that 99.7% of members of any MLM firm will either lose their money or not make any money at all, according to a discovery and investigation that took many years to complete.

After years of research, Mr. Jon Taylor penned a book titled “Multi-level Marketing Unmasked” to discuss his findings on direct sales organizations.

According to this compilation of evidence, the only people the MLM companies are rewarding are those at the very top of the system.

Only those with high ranks at the very top of the network make significant incomes. If you join them today, all you will be doing is working for them, which will only result in you earning pennies in the future.

These findings, as well as his book, are widely read by the most important regulatory organizations in both the United States and other countries.

Can I present evidence that this also holds true for Lyconet MLM?

Simply search for “Lyconet USA Income Disclosure Statements” on the internet (many MLM businesses try to keep this information out of the public domain because it is there that the truth may be found).

When this study was being written, the most recent Lyoness Income Disclosure Statement that was available in the public domain was from 2017.

Find out how much each Lyconet marketer makes on average per year by looking at this breakdown.

1. 97% of Marketers made an average of $72.14 per month. 2. 2% of Marketers made an average of $2,048.10 per month. 3. Additionally, 1% of Marketers made an average of $7,241.31 per month. 4. 1% of Marketers made an average of $18,830.02 per month. 5. 1% of Marketers made an average of $31,685.29 per month.

My Suggestions and Advice

Are you interested in earning Money with the Lyconet MLM Business Opportunity? And do you run your own web-based business?

I mean an accomplishment that you can take credit for.

Then you should begin an internet affiliate marketing firm.

Affiliate marketing refers to the practice of making money by advertising the businesses of other persons or firms in exchange for a commission.

Find a product that you are enthusiastic about selling, do your best to persuade other people to buy it, and then wait for the commission check to arrive.

Using this method, I am able to generate income from this website.

You can begin a FREE training course on affiliate marketing right away. Joining the first level, which consists of ten lessons, is completely free of charge. There is no requirement for a credit card to sign up. You can find additional information by clicking here.

What are your thoughts on the Lyconet review that I wrote?

Is the Lyconet MLM Business Opportunity Capable of Generating Profits for You? Do you think Lyconet is a legitimate business or a fraudulent pyramid scheme?

Let me have your opinion.

What exactly is Lyconet?

Hubert Fried established Lyoness in the year 2003 in the country of Austria. It was a cashback multi-level marketing company formerly known as “Lyoness,” and now it operates as a subsidiary.

The parent firm was divided into Lyconet, which handles the multi-level marketing side of the business, and Cashback World, which handles the cashback functions of Lyconet (i.e. Lyoness).

Within the market for cashback consumers, the company has established itself as a name throughout the course of its 20 years in business.

The Lyoness loyalty program gives advertisers the opportunity to earn a commission on referrals made by their customers. Additionally, it presents a potential for financial investment.

Although Lyconet itself is not a fraud, the parent firm, Lyoness, has a checkered history and has been the subject of considerable criticism in the past.

In many nations, it is considered to be a pyramid scheme, but in others it is considered to be a legitimate business.

The organization is comparable to DubLi, which is also a cashback multi-level marketing business.

Lyconet Product Line

Since Lyoness is merely a platform that allows customers and merchants to communicate with one another, technically speaking, the company does not offer any products.

The Cashback Card, which is issued by the corporation, is the component that most closely resembles a “product.”

Additionally, merchants are able to redeem their Lyconet Cashback and shopping points using this card.

CashBack on the Lyconet

Despite Lyoness’ assertion that an affiliate buyer will receive a 5% payback, the company’s actual return is closer to 2%.

Additionally, the homepage of the website asserts that the Company has partnerships with more than 90 retailers located all over the world.

A customer can get a Lyconet CashBack Card, which will allow them to enjoy discounts on their purchasing, by installing the company’s mobile application.

CashBack on Lyconet and Lyconet Shopping Points

When you make a purchase at any Lyoness loyalty merchant center, you are eligible for the Lyconet CashBack and Shopping Points, both of which are benefits that accrue to Lyconet Marketers.

Additionally, the benefits that you receive will be contingent not only on the retailer but also on the terms and conditions of the e-commerce store in question.

You will be able to redeem the shopping points you earn for a discount on each and every transaction, as well as for special bargains that are referred to as vouchers.

Every Lyconet member who is registered will receive a credit to their bank account from Lyoness.

When a Lyconet marketer makes a purchase at the Loyalty Merchant Online Shop or a Lyoness Loyalty Merchant store, they are eligible to receive 5% of the purchase price as Lyconet Cashback.

You will also earn shopping points (SP) for your purchase, and you can later use these points to shop at the Loyalty Mall on the Lyoness website and enjoy amazing deals on Shopping Points.

You will also receive a reward for each recommendation that you make who goes on to make a purchase, either online or in-store, from a Lyoness Loyalty Merchant. You will receive a Friendship Bonus of 0.5 percent, both directly and indirectly.

Your bonus money will either be deposited into your bank account or onto your Lyoness Prepaid MasterCard.

What are your thoughts on the Lyconet review that I wrote? Is it possible for you to earn money with the Lyconet MLM Business Opportunity at this time? Is Lyconet a Ponzi scheme or a fraud of any kind? What are your thoughts?

Lyconet Compensation Plan

The business strategy used by Lyoness is more reminiscent of a plan for affiliate marketing than it is of a multi-level marketing scheme.

Within the framework of the compensation plan is a component referred to as the “Friendship Bonus” Program.

Lyoness is different like other multi-level marketing organizations in that it does not pay you for bringing in new members.

Nevertheless, you will receive a 0.5% commission on the purchases made by your recruits, as well as another 0.5% commission on the purchases made by their recruits.

When a bonus is won, it is awarded in the form of points; these points can then be exchanged for units in the balance category.

You have the option of having the money you earn deposited into your bank account, or you can choose to have it put on a Prepaid Lyoness MasterCard instead.

How Can I Participate in the Business Opportunity Offered by Lyconet?

Anyone with an interest in marketing through Lyconet can sign up by creating a profile on their website. Joining is totally free of charge.

Where Can I Find Out About Cashback World Partner?

Promoting and selling the customer loyalty program offered by Cashback World is one of the primary responsibilities of Lyconet Marketers.

The Lyconet Marketers take use of the opportunity to earn additional points from every Lyconet CashBack discount that is made as a result of their referrals to Cashback World.

Cashback World is an enormous chance for the shopping community all over the world to both save money and gain discounts on their purchases.

The primary responsibility of Lyconet Marketers is to solicit business from merchants interested in joining the Cashback World Shopping Community.

Who Would Benefit from Participating in Lyconet’s Network Marketing?

Anyone who is interested in earning Lyconet Cashback by recruiting others to make purchases online or in-store via the Lyoness numerous merchants is eligible to participate in the Lyconet Network Marketing business opportunity.

How Does the Lyconet Marketing Network Function?

Lyoness Network Marketing is made up of three core service centers, and they are as follows:

• Shopping Community

• Customer Loyalty Program

• Network Marketing Program

• Shopping Community

• Network Marketing Program

Communal Shopping District

Cashback World gives rewards to shoppers and members of many different international shopping communities that like finding ways to spend less money while shopping online.

When these individuals make a purchase utilizing their Cashback World card and loyalty merchants, they are entitled to Cashback and Shopping Points regardless of whether the transaction takes place online or in-store.

A digital version of the Cashback World card is also available for download within the Cashback app.

Program to Reward Loyal Customers

Lyoness Cashback Solutions is a brand that offers a solution for Loyalty Merchants that assists them in operating their day-to-day business in a more streamlined manner; this solution is for large businesses as well as internet shops.

Members get a superior purchasing experience while simultaneously earning Lyoness Cashback through this platform.

This system helps merchants to bring in new consumers and keep the ones they already have, which in turn helps them raise sales, and members earn more. Cashback on Lyoness Products

The Lyconet Marketing Program for Networks

This program assists many Lyconet Marketers in promoting retail purchasing to their own networks of friends and family members. In exchange for their efforts, Lyconet Marketers receive reward points that can be exchanged for cash and credited directly to their bank accounts or prepaid cards.

What are the fees involved in being a member of the Lyconet business opportunity?

Joining Lyconet and becoming a Marketer is completely free of charge.

On the other hand, small to medium-sized businesses that want to take part in the marketplace as merchants are required to pay an upfront charge that covers the costs of administration and equipment.

A one to two percent fee is added to each transaction.

The Step-by-Step Guide to Making Money with Lyconet USA

There are three primary groups of people who can make money with Lyconet, according to the compensation structure that they have in place.

People are curious about the Lyoness app and how it may help them save money when they shop.

By using their Cashback Card whenever they make a purchase at either an offline or an online partner store of Lyoness, customers are eligible to get a cashback credit ranging from 1% to 5% of the purchase price.

They also receive shopping points for each purchase they make at linked stores, and these points may be used for either cash incentives or discounts on future purchases.

Retailers who want to take advantage of an international marketplace full of potential customers and a customer loyalty program

Affiliates that register for the possibility to participate in network marketing

How Much Money Is Possible to Make with Lyconet’s Multi-Level Marketing?

Lyoness, the parent business of the Lyconet brand, is the sole entity from whom you can obtain a disclosure of income relating to the Lyconet brand.

The income disclosure states that 97% of marketers made between $0.01 and $1,000.00, with an average earnings of $72.14 for their efforts.

After making purchases with the intention of receiving a cash rebate, the fact that you would make less than one hundred dollars in a year should raise a red flag.

Are Those Who Market Lyconet Making Any Money?

The correct response is “No” Even the company’s disclosure of its income makes it clear that fewer than 0.1 percent of Lyconet Marketers make enough money to cover their monthly expenses.

Support and Customer Service for Lyconet in the USA

Email help is also available, in addition to support being provided on the company’s Facebook page.

Email: publicrelations@lyconet.com. Lyconet has a page on Facebook.

What are Some of the Benefits of Using Lyconet?

Free: Becoming a member of Lyconet USA is completely free of charge, and my research did not turn up any opportunities for additional purchases or upgrades.

• This is a good effort because multi-level marketing companies will often have something to sell you.

• Membership for life in a prestigious online shopping community

• When compared to other, comparable services like Groupon, Group Shopping is a superior option.

• Rewards: These include rebates on purchases as well as shopping points that can be redeemed for other goods and services.

Concerns Regarding Lyconet Legal Actions

The Company is a potential disaster waiting to happen from a legal standpoint.

Throughout the years, there have been a number of class-action lawsuits filed against the parent business.

Referral-centric in its approach

If a Lyconet Marketer wants to make a respectable amount of money, they need to recruit other people since they get a percentage or cut of the money that their referrals earn.

This is covered under the compensation plan that they offer.

A low potential for earning

The vast majority of Lyconet Marketers (95%) do not turn a profit from their efforts.

Consider the following: If you don’t spend at least one hundred dollars in a store, is the 1-2% cashback you get on your purchases even worth it?

Complaints

On the Company’s Facebook page, there are multiple comments that accuse the business of being a fraud and of failing to make any actual money.

Major Online/Offline Complaints Regarding Lyconet in the USA

Although she has been working for the company for several months, one of the Lyoness Marketers admits that she does not agree with the format that they use for their marketing.

It’s funny how another marketer chimes in to say that after recruiting around 500 people, she now gets £2 per month despite the fact that the whole thing is really ridiculous.

The vast majority of people, however, are unhappy with the way the company recruits new members, which gives the impression that the business is a pyramid scam. What do you think of the review I did on Lyconet?

Lyconet Lawsuit

Legal issues have plagued Lyoness in the past, going all the way back to the company’s father.

There are over 150 verdicts against the Company that have been handed down in court.

They went so far as to alter their name and completely reorganize the components of their company.

Over the course of the past decade, the following nations have conducted investigations into the parent corporation, Lyoness:

The countries of Norway, Sweden, Switzerland, Lithuania, Austria, Italy, Greece, and Poland are on the list.

Is Lyconet an example of a Ponzi scheme?

Kindly be aware that Lyconet is a legitimate business and not a fraudulent pyramid scheme. Why is it the case?

To begin, what exactly is a Pyramid scheme, and more importantly, does it actually work?

The pyramid scheme is fraudulent, and in many countries it is considered a criminal offense.

As part of the marketing process, you will be expected to continue recruiting new members in an ongoing and unceasing manner.

It is necessary to use a pyramid scheme in order to recruit individuals in order to gain money from the fees that must be paid in order to join; the people who you recruit will also be required to refer people in order to get rewarded.

Pyramid scheme marketing almost always asserts that the amount paid is for the purpose of providing members with training.

Therefore, it is an endless referral scheme that does not offer any products or services through which participants can get income.

Because the number of investors grows at each tier and level, this process is also referred to as a pyramid.

Is Lyconet, Then, Some Kind of Pyramid Scheme?

Due to the fact that the following justification is provided, I do not believe that Lyconet is a pyramid scam. I have spent years analyzing several online programs.

You will be required to recruit a potential online shopper in order to participate in Lyconet MLM. This shopper will be required to use the various shopping outlets in order to earn cashback.

You will earn points, which will later be converted into earnings, at the same rate that they earn cash back.

You will receive a payment from the Lyconet multi-level marketing program for each member of your downline who receives cashback on an online transaction. As a result, there is an element of service.

Because there is a service involved, Lyconet cannot be classified as a pyramid scheme.

The fact of the matter is, however, that you will not make any money using the MLM system because it is a strategy designed to reward the people who own businesses and are at the top of the MLM scheme.

Do you believe Lyconet to be a fraudulent company? What are your thoughts on the Lyconet review that I wrote?

What are your thoughts on the viability of making money with the Lyconet MLM Business Opportunity? Is Lyconet USA really worth the money?

It is important that you take note of the fact that the Federal Court has declared that the loyalty program that is managed by Lyoness/Lyconet Australia Pty LTD is not a pyramid scheme.

Is Lyconet a Scam or a Legitimate Business?

No, Lyconet USA is not a fraud and does not operate in any way similar to a pyramid scheme.

Nevertheless, Lyconet is a multi-level marketing business opportunity that enables Lyconet marketers to accumulate points that can be redeemed for cash rewards.

As far as Lyoness’s cashback feature’s authenticity is concerned, there is a reasonable explanation for why it works the way it does.

The platform directs users to the merchants, who in turn provide discounts; this kind of transaction takes place everywhere in the world, and it is considered a standard business practice.

However, authorities in several countries have identified Lyconet as a pyramid scheme or at the very least a program that has characteristics of a pyramid.

However, due to the presence of a service, Lyconet does not meet the criteria necessary to be classified as a pyramid scheme.

Is Lyconet an example of a Ponzi scheme? But tell me, what are your thoughts on Lyconet USA and the business possibility it presents? Is Lyconet a fraud of some kind?

Is Lyconet USA Really Worth the Money?

I appreciate you taking the time to read my Lyconet review. Do you believe that the Lyconet MLM Business Opportunity will allow you to earn money in the near future? Is Lyconet a fraudulent pyramid scheme or does it offer legitimate MLM work opportunities?

If you want to make money with the Lyconet MLM Business Opportunity, the Lyconet MLM business model dictates that you need to be prepared to recruit a large number of people.

You may, on the other hand, give the Lyconet business opportunity a shot if you are interested in getting some Lyoness Cashback from the things you buy.

But, what do you think about the business possibility provided by Lyconet for you? I have decided against becoming a Lyconet Marketer because of this. Because of this, I will not recommend that you begin one.

Why is it the case? Because participating in Lyconet MLM will not result in financial gain for you.

After many years of research and examination, it has been shown that multi-level marketing (MLM) organizations would only reward the Company’s owners, the big investors, and the people who are at the top of the MLM scheme.

If you decide to sign up right now, I’m sorry to tell you that you won’t make any money and will only waste your time.

What are your thoughts on the Lyconet review that I wrote? Is it possible to earn money with Lyconet’s MLM? Is Lyconet an example of a Ponzi scheme? Is Lyconet a Fraud or Not?

Have you ever taken advantage of the Lyconet business opportunity? Tell me about your experience with the Lyoness cashback program, if you don’t mind sharing. Please feel free to share your thoughts with me in the comments box below.

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