Today, I’m going to be reviewing 3X Funding and answer the question What Is 3X Funding?
It is one among various business opportunities that have popped-up in the market recently. I wanted to have a look at what they were all about and decided to check them out.
Somebody might have approached you about 3X Funding and would have shown you the ease with which you could make money.
Well, there’s good news for you. I will be walking you through exactly how their program works and this will help you to make informed decisions going forward.
What Is 3X Funding – Company Overview
The company does not have any details on their site regarding who runs or owns it.
I took a look at their site, “3xfunding.com.” What I found was that it was registered in January 2019.
Nevertheless, it has been updated on January 8, 2020.
The company’s owners are listed as Mannat Infotech and they have their offices at Maharashtra, India.
As I was searching for more information on Mannat Infotech, it became evident that it was previously a computer shop in Mumbai.
It also offers website development services.
I am not completely sure as to how Mannat Infotech and 3X Funding are in this together…
The company does say that it is based in India:
3X is the India’s first crowd funding system allows you receive half of everything forever!
Nonetheless, as you click the video link that is provided on their site, it directs you towards this YouTube channel that’s called “Money Magnet.”
I wish I could tell you I have more information about
For some reason, it’s very difficult finding any information on 3X Funding.
This is a HUGE red flag!
Let’s look at their products or services in this review and see what we find…
What Is 3X Funding – Does 3X Funding Have Retail Products For Sale?
Well…Theres your answer!
The above screenshot is directly from the 3X Funding video.
Products for a multilevel marketing business are EXTREMELY important.
These items are what makes customers return again and again for more.
Also, for making network marketing legal, a business has to have retail sales more than associates.
Well, here is where the problem comes in with 3X Funding.
The company does not have any retail services or products, although you will be able to become an associate and market their associate membership programs.
You can take a look at my other network marketing reviews for similar companies here:
(Enter name and website review link here) and (Enter name and website review link here).
Okay, now let’s look at what their compensation plan is…
What is the 3X Funding’s Compensation Plan?
The company has places within 7 tiers in a 2×2 cycler matrix.
All of these places can be taken up indirectly or directly by network members.
As the matrix gets filled out, you will cycle away and start to earn fees.
This structure also has up-line fee payment.
Each deposit’s half in any matrix place is given to up-line.
What are the joining costs?
There are no costs for becoming an associate, it is free.
For becoming a part of this entire business opportunity, you have to shell out $1780 USD!
3X Funding is similar to other multi-level marketing scams I’ve reviewed on this blog such as:
What’s the Conclusion On 3X Funding?
So, does a scam exist with 3X Funding?
Well, it is nothing but a hybrid ponzi / gifting scheme that has been combined as one.
Essentially, new associates enroll and gift money to the scheme.
These deposits are then given to existing associates who would be able to get 300% returns on investments when enough money is collected.
A 100% of the company’s revenue is through associate to associate payments.
Below is their effort to try to make it legal sounding:
3X Funding is a donation base Crowdfunding system, which is run on Peer to Peer.
It is based on the world-famous Mobius Loop and the G Technology System.
It is not crowdfunding in any way.
Actual crowdfunding does not have any compensation plan or incentives wherein you earn money.
What Is 3X Funding – Is This A Cash-Gifting Ponzi Scheme
This, my dear friends, is cash giving system and nothing else.
They use words such as “G Technology” and “Mobius Loop,” which is the same thing that 50/50 Crowdfunding had used in 2018.
Reading through the company’s YouTube channel descriptions of video confirms that they are 50/50 Crowdfunding’s clone.
50/50 Crowdfunding has been kept live by enrollments in India. Their main traffic source to their company’s site is India (per Alexa it is 63%).
Once this traffic fizzles out, 50/50 Crowdfunding is going to collapse.
Likewise, the company also depends upon constant enrollment for staying afloat. As this slows down this is going to collapse too.
This looks to be a clone…
The strategy behind Ponzi and gifting schemes assures that majority people will lose their money when it collapses.
Anyways, in my opinion, I personally will NOT recommend 3X Funding.
As a matter of fact, I don’t recommend ANY multi-level marketing organizations as a way to make money in 2020 and going forward.
However, what I do recommend is to build your own affiliate marketing business.
I recommend that YOU be in control of your business!
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As a matter of fact, what I strongly suggest is that you stop relying on the pyramid schemes of unknown scammers and build your own online business.
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