Welcome to my Genistar scam review.
This review will take an in-depth look at Genistar and see if this company a scam or is it a legitimate MLM company.
Let's find out!
In this review, we will try to answer all your questions about Genistar and understand more about this company before making any decisions.
Is the Genistar a scam? Let's find it out in this review.
What Is Genistar?
Genistar is a Multi-Level-Marketing company founded by Jeff Lestz.
The company started operating in 2007, and they are based in the United Kingdom.
Upon my research, Jeff Lestz is an entrepreneur businessman who had a good grasp of business and financial management.
Jeff Lestz believes that proper financial management can improve the standard of living of people around the globe.
It is his responsibility and the company to help people improve their lives by knowing the proper ins and outs of financial management.
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How Does Genistar Works?
The company sells financial education services to customers in the form of financial management plans and courses.
Genistar also offers a business opportunity to become an affiliate agent where you can sell services in return to earn bonuses and commissions.
The company is doing this because they want to save themselves from spending huge money on marketing campaigns.
That is why they let their members do all of the advertising.
It is important to know what products this company sells and what they are all about.
If you plan to become a member and try out your luck, then it's necessary for you to know what their products are all about.
Genistar divides its financial education services into 4 areas:
- Personal - This will teach you how to save for the future and budget your salary and expenses.
- Finance - This is financial education course that focuses on financial management and teaches you how to improve your financial literacy.
- Finance Ph.D. - this is an advanced financial education course that provides technical details on accounting and financial management.
- Education - This is one-on-one advice that teaches you how you can better improve your financial management skills.
Can You Make Money With Genistar?
Yes, you can earn money with this company.
However, it won't be easy because the amount of money you will earn won't be enough to sustain your need even though you work more than 8 hours a day.
You see, you have to go through some challenges where you have to test yourself if you can sell your services or not.
MLM companies are more on recruiting than selling, and that is why it is hard to earn, and it will take you a long time to earn the money you want.
Upon searching on their website, there is no income disclosure to show that their members make money.
How To Make Money With Genistar?
There are 2 ways to make some money with Genistar, and that is:
- Sell their financial education services
Take note that you can only earn bonuses and commission from your downline members' make and not from recruiting.
How Much Does It Cost To Join Genistar?
If you plan to join the company, you have to pay a one-time subscription fee of $140.
You also have to do other things to join the company such as:
- Undergo their 5-day affiliate membership training
- Have 2 live client interviews
- Take their multiple choice-style exams
There is a 50-page manual guide for you to study on before taking the exam.
Take note that the passing rate is 70%, and if you didn't pass the exam, you could still take it again, but you can only do it 5 times.
Genistar compensation plan
As we all know that all MLMs companies have confusing compensation plans, and that includes Genistar.
Genistar offers members 2 main ways to make money as an official member:
- Retail Sales - You can earn a 25% commission for every sale of their financial education package service.
- Residual Rank - You can earn a commission every time your downline member makes a sale. The percentage and amount depend on your level.
It may sound simple, but it is hard to earn. Like I said earlier, it will take you a long time to make money.
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Is Genistar A Scam?
Genistar is not a scam or a pyramid scheme.
It is a legit company that sells financial education services, and they compensate its members exactly as what is dealt with in the contract.
However, this company's downside is that you can't earn much as you expected because you have to deal with so many miscellaneous expenses.
As I said earlier, it focuses more on recruiting than selling because you can earn a big commission if you invite someone.
It is hard to recruit people because not all of them will join.
So I suggest that you look for another business opportunity where you can earn a decent amount of income.
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What I Like About Genistar
The company has been for years
The company has been around since 2007, so that means they have been for business for 14 years.
Most MLM companies don’t survive for more than 5 years, but with Genistar they survive and still running.
No monthly quota
The good part with Genistar is that there is no monthly quota, so you don’t have to pressure yourself into selling their services.
It also means lesser expenses because you’re not forced to buy the services you’re selling if no one buys them.
What I Don't Like About Genistar
It will cost you more.
$140 might not be that much, but that is not the case because you will be spending more money.
You see if you'll spend more money on your rides, gas, food, and many more on your own without their help.
This normal with MLM because most of them are like this, where you have to do it on your own to earn money.
No compensation plan and income disclosure
Genistar doesn't have a compensation plan and income disclosure.
It is important to see those documents because they are the main core of their business, and it also shows that this company is legit.
Is Genistar a pyramid scheme in disguise?
If you can't sell any products, the only thing you need to do is recruit people and earn money from your downline.
This is a good strategy because they won't be called a pyramid scheme, and you earn from your downline members.
I hope my review has provided you sufficient information about Genistar and provided you the answer to all your questions.
Genistar is an MLM company that sells financial education services.
However, I can't recommend you this company even though you might earn some money with Genistar.
It's just that it will take you a long time to earn it, especially if you don't have any experience in selling and recruiting.
There are a lot of better business opportunities out there you can try, where you can earn more money without the hassle.
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Thank you for taking the time to read my Genistar scam review.
If you have any questions or experiences with Genistar, please share in the comments below.