Is MMM Nigeria A Scam Or Can You Actually Make Money?
Name: MMM Nigeria
Owner: Sergey Mavrodi
Website: mmm-nigeria.net
Price: Minimum $10
Overall Rank: 1 Out of 10
A lot of noise has been on the internet over the company called MMM Nigeria, which we have to decide to do a thorough research on this company.
They claim that you will be getting 30% Return on Investment (ROI) after 30 days. But can you trust these guys?
Is this company really? Or is MMM Nigeria another scam that won’t deliver what they promise at the end of the day?
Is it your ticket to financial freedom?
I am not a member, so you won’t be getting a big promotion from me here, but rather an honest opinion of what most people considered it another Ponzi scheme.
At the end of the day, it is you that works very hard for your money so before you invest it into any company, you should truly understand how something work.
What Is The Heck Of MMM Nigeria?
After looking through the entity of the official website for MMM Nigeria, I feel bad for the late joiners because the company is operating based on cash gifting scheme.
The system was designed to fool millions of people. In a real sense, it was nothing more than a well-orchestrated cash gifting scheme that fooled a massive group of folks into buying the next big thing.
The person behind MMM Nigeria was Sergey Mavrodi who launched a recruitment scheme by the name of MMM Global. MMM Global was collapsed and there are unknown of the victims.
There was huge industry backlash after MMM Global fell. People had a lot invested and had centered their business around the MMM Global. Probably this triggers Sergey to launch MMM business on several countries based.
Before we go further I just want to let you know unlike many of the MMM Nigeria review out there, my intentions are not to bash this company.
However, I will not sugar coat anything either and tell you as it is.
Let’s keep digging!
What Are The MMM Nigeria Products?
Very similar to Sergey’s previous business venture, there is no product line to speak of when it comes to MMM Nigeria.
All great network marketing or make money online offers have a great product or service to help people.
There is no products or service available for retail customers to purchase, and this leaves affiliates with only the affiliate membership to market to people that may be interested in it.
Can You Actually Make Money?
I would say yes since the system comes in with a 100% pays out monthly plan. However, the business model isn’t sustainable for long term.
To qualify for their compensation you will want to offer help by donating a minimum of $10 to the unknown member of the system.
The rate of your initial investment will be growing from 20% to 100% depending on the task you perform on a daily basis on their system.
Bonus:
- Registration bonus. You will get a signing bonus for $20 to $100 for registering in the system.
- Referal bonus. You will receive 10% referral bonus for all new members you bring into the system.
- Guider bonus. You will also get Guider’s bonus depend on your level in the MMM Nigeria community.The system pays out participants down to several levels (For example, Level 1: 5%, Level 2: 3%, Level 3: 1%, Level 4: 0.5%, Level 5: 0.3%)
- Bonus for Testimonial Video. You will get a bonus for Testimonial Videos if you do the video testimonial. 10% for high-quality video, 5% if you show your face and 1% if you don’t show your face.
Who Is MMM Nigeria For?
I would say the program is for anyone that is interested in working from home and can do well with recruiting.
If you are willing to a risk this system might for you because it won’t last long. You will be a top earner if you join early.
If you are a late joiner, you can lose all your money because the pool of new participants will run out and this opportunity will collapse.
If you can afford those losses or want to risk your hard earn money, you may go ahead.
However, if you are not willing to risk your hard earned money, this program might not be for you.
For complete newbie wanting to make money from home with a 100% risk-free, I recommend you to check out My #1 Recommendation.
It will be your one-stop for all making money from home business.
Let’s Take A Look At The Pros Vs Cons Of MMM Nigeria
Pros:
- You can make money if you are the first mover
Cons:
- There is no guarantee and promises
- You can lose all your money if you are a late joiner
- They don’t have refund policy
- The typical system won’t last long
- This is not a real business opportunity
Here Is What I Really Think
At the end of the day, I believe that MMM Nigeria isn’t a safe company to partner with. The company was founded to take advantage over those who want a quick fix for their financial mess.
The system is designed as a loss leader, as the participants for the company actually get 100% Return on Investment (ROI).
This is because it’s designed to get you buying in the system (oddly enough) and that is where the owner makes money after a pool of new member run out and the system crash.
I don’t recommend this program to anyone, but if you think it is still worth a risk to take, I would advise you to proceed with caution.
In my opinion, if you serious about making for the long term you should stay clear from MMM Nigeria and proceed to safety and avoid scams by choosing a highly rated and trusted program as My #1 Recommendation below.
MMM Nigeria At A Glance
Name: MMM Nigeria
Owner: Sergey Mavrodi
Website: mmm-nigeria.net
Price: Minimum $10
Overall Scam Rank: 1 Out of 10
Verdict: Do Not Recommend, System Can Collapse At Anytime
Do you happen to have any prior experience with MMM Nigeria you want to share with everyone else today? Tell me all about it in the comments below. I would love to hear about it.
Thanks for reading.
I wish you the best in the world!
-Maun