Hello, my friend and a very warm welcome back. Is there such a thing as a good MLM? well that is what I’m going to find out in this review of Mint Builder from Matt Barkes.
According to the FTC, MLM companies that get most of their revenue from recruiting paid members are called pyramid schemes. But will that be the case with this offer?
Mint Builder is a multi-level marketing company that sells mint coins, so it does have products at least! That does make a pleasant change.
There are 2 ways to get paid by this company they can potentially reward you for selling precious metals and also by getting people to sign up for one of the paid memberships as your referral.
*Disclaimer. I am not associated or affiliated with Mint Builder in any way or form, so don’t expect a gushing review or an ethical bribe for joining through my links because there arent any.
This post contains affiliate links that are not connected to Mint Builder. If you click a link I will make a commission. The price you pay will not be affected.
Let’s, dive right in and learn more:
Mint Builder Overview
Program Name: Mint Builder
Program Type: An multi-level marketing company that sells mint coins
Founder: Matt Barkes
Website: Mint Builder.com
Cost Of Purchase? From $39/Month to $497/Month
Is It Recommended? No. Unless you have a whole team of recruiters working with you!
This MLM works in 2 ways you can get commissions through the sale of precious metals as well as recruiting others to join Mint builder under you and both options pay you a commission.
The hardest part to it is recruiting others continually you may get 2, 5 or even 10 people who join in but then you need to ensure that those people are actively getting others as well.
Getting a team of like-minded individuals is difficult to do and without them, you will find it next to impossible to make this work and give an ROI.
There is a much easier way If you’re interested in making money online and starting your own online business.
About Matt Barkes
Before committing any money to a new program I always like to find out about who I am dealing with it is a good practice to get into.
Matt Barkes is an entrepreneur who also has experience in long term rental real estate investment and is the CEO of Mintbuilder.
He can be found all over the social media scene with profiles on Facebook, Instagram, Linked In, and Youtube.
He last posted on Youtube over a year ago and he has 247 subscribers.
On his Twitter account, he last tweeted back in 2019. So he is not very active at all!
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What is Mint Builder?
Mint Builder is a precious metal company that gives you access to the lowest-priced Silver and Gold prices in the market place and it also allows you to pay wholesale prices as well as receive referral commissions.
Only paying wholesale prices will give you a competitive edge over those that pay retail prices.
Coins are the main core business of Mint Builder.
The company did have a different name previously it was called the International Silver Network which seemed to just disappear and then this one sprung up.
Same owner but with a partner called Vincent Roy.
The Mint Builder Compensation Plan
This is how the compensation plan and the earnings potential for all active Mint Builder members works:
You get 1% in Retail Commissions. For every retail sale that you make inside the platform, you will earn 1% in commissions. so, you make a sale of a silver coin for $100, you will receive $1.
Another payment method is 10% in Recruitment Commissions. Each member that you recruit will bring you in 10% of their monthly membership price as your commission.
Pay for Residual Commissions. Each recruited member is placed under you (level 1). When someone under you recruits another paid member, they become your level 2.
This can continue down until the 5th level, allowing you to earn commissions from up to 5 levels in total. You can receive 50% in residual commissions from retail and recruitment.
As you can see from this compensation structure, if you decide not to recruit and only to sell coins via the marketplace, your earnings potential is extremely limited.
It makes more sense to think that the majority of members will want to take advantage of all the commission opportunities that are provided inside.
How Much Does Mint Builder Cost To Purchase?
There are 8 levels inside of Mint Builder:
Basic Membership is ($39 per month).
Silver Piece is ($47 per month).
Platinum Gram is ($85 per month).
Around The World costs ($97 per month).
Gold Gram Bundle costs ($117 per month).
Bullion & Numismatic Bundle is priced at ($127 per month).
The Select Few Bundle will cost you ($177 per month).
Global Elite Bundle is massive ($497 per month).
You have to be a member at 1 of these levels in order to buy any of the products.
The Pros Of Mint Builder
If you are competent at recruiting you could potentially make money with this offer.
There is a free trial available.
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The Cons Of Mint Builder
You have to stay a member paying out every month to receive commissions.
Some of the levels are expensive.
If you don’t recruit you don’t get commissions worth having.
The selling commission is a measly 1% so they really want you to recruit as opposed to collecting Silver or Gold.
If you are at the Gold Gram Bundle level $117 a month and one of your recruits joins at the Global Elite Bundle $497 you would only get paid 50% of $117 and the rest of the money will be passed to your upline.
That is the way they lure you into joining the top level.
MLM’s are notoriously hard to make any money with.
When recruitment stops the payments also stop.
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Is Mint Builder a Scam?
Mint Builder is technically not a scam because it does have a product that you can purchase as well as sell to others.
Where it gets a bit grey is in the recruitment aspect. What they really want from you is for you to buy in at the top level paying out $497 a month.
Then you keep recruiting more people to pay that out every month as well.
You get half of the money but the other half goes up the line to the founders.
The FTC has not shut this program down yet so that makes it seem like it isn’t a pyramid scheme. But we will have to watch with keen interest!
Unless you are an expert at marketing and recruiting then you will not make money with this program.
Do I Recommend This To My Readers? NO.
If the recruitment of others is not in your game plan then this will not work for you at all!
There are far more cost-effective ways of making money online that don’t require recruitment of any kind to choose from.
In my opinion, multi-level marketing is one of the most expensive ways to begin an online business. It’s also a lot harder to make money with compared to other ways, like affiliate marketing.
A Better Alternative For You
As a person who has been sucked in by hyped-up sales pages and has spent a lot of money running Facebook ads for less return than was spent. I know there is a better way!
It took me 6 years of searching for the right program and it was found back in February of 2020.
Affiliate marketing gives you the opportunity to promote other people’s products and services around topics that you choose and are passionate about. It can be anything you like, such as health and wellness, DIY, making money online.
With this business, you don’t have to spend any money on any ads or recruiting, you don’t have to worry about stock, customer service, creating or updating products and you can get started with a small budget.
Does that sound more like your cup of tea?
The biggest commission so far that I have received using the affiliate marketing business model to date is $500 and I have only just started.
This was achieved without spending a single penny out on ads. The traffic came to me for free using SEO!
I get paid when I am asleep as well as when on holiday!
I Quit My Job
After starting with this training program 18 months ago and learning all I needed to know for a fraction of the money that some courses are charging I quit my hated day job at the 10-month mark.
Affiliate Marketing is a simple business model that just takes a lot of work to get started in the beginning because you are getting traffic organically instead of paying for it.
Now I spend my days writing reviews to stop innocent people like yourself from being scammed like I was!
(If you want to make your new business work better upgrade to the premium membership for $49 a month or $1.63 a day that’s less than a Starbucks costs!)
Thanks for supporting me to the end of this post I appreciate your time.
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Lisa. Founder and CEO of mistakesbloggersmake.com