Lyconet (myWorld) is a network marketing company based in Graz, Austria, founded in 2003. They focus on cashback and loyalty marketing, offering a variety of technology and telecom products.
Distributors earn through retail profits, bonuses based on personal and team sales, and leadership rewards. With a trust score of 85/100, they seem to maintain a solid reputation in the MLM space.
While the business model is structured to reward both personal and team efforts, potential distributors should always do their research before diving in.
Best for: This could be a good fit for motivated individuals who enjoy sales and networking. If you prefer straightforward sales without the recruitment pressure, you might want to steer clear.
Yes, Lyconet (myWorld) is a legitimate MLM company. Founded in 2003 and headquartered in Graz, Austria, it has an 85/100 trust score, which indicates a solid reputation.
Lyconet (myWorld) primarily offers a range of products and services through their cashback shopping platform. They partner with various retailers, so you'll find everything from electronics to groceries.
Earnings with Lyconet (myWorld) can vary widely. Their compensation plan includes several income streams, like a retail profit margin of 20-40%, team commissions, and bonuses, allowing dedicated distributors to earn a decent income.
Some complaints about Lyconet (myWorld) revolve around recruitment tactics and the difficulty of making significant income. While they have a solid trust score, it's always wise to do your homework and read reviews.
Lyconet (myWorld) offers a multi-level compensation plan. You can earn through retail profits, personal volume bonuses, team commissions, and leadership bonuses, which can add up if you're active in sales and team building.
Joining Lyconet (myWorld) typically involves purchasing a starter package, which can range in price depending on what you choose. It's best to check their website for the most current pricing options.
Lyconet (myWorld) does not have a Better Business Bureau (BBB) rating. However, they do maintain a solid trust score of 85/100, indicating that they handle customer complaints reasonably well.
Whether Lyconet (myWorld) is worth joining depends on your goals and effort. If you're interested in multi-level marketing and willing to put in the work, it might be a good fit, especially with their compensation opportunities.
Some alternatives to Lyconet (myWorld) include companies like Amway, Herbalife, and Avon. Each has its own compensation plan and product offerings, so it’s worth comparing them based on what you're looking for.
Lyconet uses a hybrid plan. This means you earn money from both selling products directly and from building a team of other sellers.
