Success Factory (DasCoin) Review - Cryptocurrency & Forex MLM

Founded2016

HeadquartersAmsterdam, Netherlands

Trust Score63/100

About Success Factory (DasCoin)

Success Factory (DasCoin) is a Netherlands-based MLM company founded in 2016, focusing on cryptocurrency and forex products.

They offer a multi-level compensation plan that rewards distributors for personal sales and team-building, with income streams including retail profit and various bonuses.

However, the company has faced regulatory warnings and allegations of being a pyramid scheme, leading to a moderate trust score of 63/100, so proceed with caution.

Pros and Cons

✓ Pros

Potential for high commissions
You can earn between 20-40% on direct product sales, which is pretty solid in the MLM world.
Multiple income streams
The compensation plan includes various bonuses like the Personal Volume Bonus and Leadership Bonus, giving you several ways to earn.
Global reach
Being headquartered in Amsterdam, Success Factory has a broad international market, which can be appealing for those looking to build a global network.
Team-building incentives
The Team Commission and Fast Start Bonus can motivate you to grow your team quickly, which some people find exciting.

✗ Cons

Regulatory warnings
There have been multiple warnings about their business practices, which raises red flags for potential recruits.
Pyramid scheme allegations
Success Factory has faced allegations of operating like a pyramid scheme, which can put your investment at risk.
Rebranding issues
The company has rebranded to avoid scrutiny in the past, making it hard to trust their long-term stability.
Moderate trust score
With a trust score of 63/100, many people have concerns about their credibility and reliability.

Verdict: Success Factory (DasCoin) has some appealing aspects, like high commission rates and multiple income streams. However, the regulatory warnings and pyramid scheme allegations are significant red flags that shouldn't be ignored. Proceed with caution if you decide to look into it.

Best for: This might suit someone who's experienced in MLM and is willing to take on some risk. If you're new to MLM or averse to potential legal issues, it's probably best to stay away.

Risk Analysis

Success Factory (DasCoin) presents a moderate risk profile due to regulatory warnings and allegations of being a pyramid scheme. However, it does offer a structured compensation plan that allows for multiple income streams.

Key Concerns

Regulatory warnings high
The company has faced scrutiny from regulatory bodies regarding its business practices.
Pyramid scheme allegations high
There have been public allegations that its structure resembles a pyramid scheme, which can be a red flag for potential participants.
Rebranding to avoid scrutiny moderate
The company has rebranded in the past, which raises questions about its transparency and legitimacy.

Positive Indicators

Multiple income streams
The compensation plan includes various bonuses and commissions, which can provide potential for earnings.

Consumer Advice: If you’re considering joining Success Factory, do thorough research on the company’s history and compensation plan. Be cautious of the potential risks associated with regulatory scrutiny and pyramid scheme allegations.

Frequently Asked Questions About Success Factory (DasCoin)

Is Success Factory (DasCoin) a legitimate MLM company?

Success Factory (DasCoin) has a mixed reputation in the MLM space. While they operate legally and are registered in the Netherlands, they've faced regulatory warnings and pyramid scheme allegations, which raises some red flags.

What products does Success Factory (DasCoin) sell?

Success Factory (DasCoin) primarily sells digital products related to cryptocurrency and blockchain technology. Their offerings include educational materials and access to their proprietary cryptocurrency, DasCoin.

How much can you make with Success Factory (DasCoin)?

Earnings can vary widely in Success Factory (DasCoin) due to their multi-level compensation plan. Distributors earn through personal sales, team commissions, and bonuses, but specific income figures aren't publicly available, making it hard to estimate average earnings.

Are there complaints about Success Factory (DasCoin)?

Yes, there are several complaints about Success Factory (DasCoin) online. Many users express concerns over the company's legitimacy and the difficulty of making a profit, alongside reports of regulatory scrutiny.

How does the compensation plan work for Success Factory (DasCoin)?

Success Factory (DasCoin) offers a multi-level compensation plan that rewards both personal sales and team development. You'll earn retail profit margins (20-40%), bonuses based on personal volume, and override commissions on team sales.

What does it cost to join Success Factory (DasCoin)?

Joining Success Factory (DasCoin) typically requires an initial investment, which varies based on the product package you choose. While specific numbers aren't detailed publicly, potential distributors should expect to spend some money upfront.

What is the BBB rating for Success Factory (DasCoin)?

As of now, Success Factory (DasCoin) doesn't have a rating from the Better Business Bureau (BBB). This absence can be a concern for those looking for trustworthy business practices.

Is there a better alternative to Success Factory (DasCoin)?

There are many MLM companies out there, each with different products and compensation plans. If you're looking for alternatives, consider companies with better reputations and clearer earnings potential.

Why did Success Factory (DasCoin) rebrand?

Success Factory (DasCoin) has rebranded in part to avoid scrutiny surrounding their business practices. This kind of rebranding can sometimes signal issues, so it's worth doing thorough research before getting involved.

Does Success Factory (DasCoin) have a trust score?

Yes, Success Factory (DasCoin) has a trust score of 63 out of 100. This score reflects a moderate level of trust, but it's wise to tread carefully given their history of regulatory issues.

Compensation Plan

Plan Type

This is a multi-level compensation plan. In simple terms, that means you can earn money not just from selling products yourself but also from the sales made by people you recruit into the business.

How Earnings Work

Retail Profit (20-40%): You earn a percentage of the sales you make directly to customers. The more you sell, the higher your profit margin.
Personal Volume Bonus: Each month, if you hit certain sales targets, you can get a bonus based on how much you sell.
Team Commission: You can earn commissions on the sales made by your team members. This means if the people you recruit do well, you can earn more money.
Leadership Bonus: If you reach and maintain certain ranks in the company, you can earn extra bonuses just for being a leader.
Fast Start Bonus: When you bring in new distributors who hit their sales goals quickly, you can earn a one-time bonus.

Qualification Requirements

You need to meet monthly sales targets to qualify for bonuses.
To earn higher commissions, you need to achieve certain ranks, like Consultant or Executive.