If you are looking for a detailed CoopCrowd review, then you are in the right place.
There have been some people online talking about this program so I wanted to learn more about how it works and what it offers.
I am going to take the time to research and review the information about the company, the products, and the compensation plan to see if they are a legit money-making program that will be around for a while.
I am also going to share my overall thoughts about CoopCrowd to let you know if I think it is a scam or not and if I would recommend it.
There are plenty of crappy programs out there that are created for short-term growth mainly to make money for the owner and we want to stay far away from those.
With that said, let’s dig in and see what we can learn about it.
What Is CoopCrowd?
CoopCrowd is an MLM-styled program that offers a donation-based compensation plan with several levels.
There are no retail products or services that I was able to find which would make this a direct member to member commission model without any value for your investment that I can see other than making money through your recruiting efforts.
The concept that they are using is the crowdfunding model which they are trying to tie into their compensation plan model.
Let’s see how it works, and if it truly can work…
One of the things that I like to see when I am reviewing any money-making opportunity is who the owner is.
Knowing who the owner is giving me the ability to learn more about their experience and their background.
I don’t know about you, but I wouldn’t want to join an owner that has a past of creating short-term opportunities just to like their own pockets and doesn’t care about their affiliate members.
With that said, I took a look around the company website and was not able to find who the owner is.
I don’t understand why any company owner would do this other than to hide something?
After doing some research on the domain name with a WHOIS lookup, here is what I found:
- The domain name “coopcrowd.com” was registered in 2011.
- The last time it was registered by the latest owner was in 1-2019.
- The owner was listed as David Rosen
David first busted in on the MLM scene in 2015 and launched a company that was called PIE 24/7.
The next venture David launched was called Cooperative Crowdfunding which I remember because it was one of the first gifting schemes that were taking the newly popular crowdfunding concept and adding it to their gifting scheme model.
Cooperative Crowdfunding collapsed like I predicted and then 50/50 Crowdfunding was created.
50/50 Crowdfunding was really popular when it first launched but it also met its demise because it was structured in the same way.
It appears that CoopCrowd is his latest creation which seems like it is a “reboot of a reboot” of Cooperative Crowdfunding and 50/50 Crowdfunding to try to make the most money that they can out of the idea.
With that said, let’s continue.
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What Products Does CoopCrowd Offer?
In this section of my review, I am going to cover the products or services that CoopCrowd offers.
After taking a look around the company site, I was not able to find any retail products of any kind.
This tells me that this program only has the option to join as an affiliate member that can promote your link so that you can earn money with the compensation plan they offer.
This is not a very good business model that they use especially when the company uses multi-levels that their affiliates can earn commissions with.
With the product section out of the way, let’s move on to the compensation plan section.
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How Does The CoopCrowd Compensation Plan Work? How Do You Make Money With It?
In this section of my review, I am going to explain how the compensation plan works and how you can make money with the CoopCrowd opportunity.
As I mentioned before, the compensation plan model is based on a crowdfunding model that involves recruiting people to earn money.
In order to qualify to earn commissions, you must start by paying a recurring fee.
These fees are then “donated” to other CoopCrowd affiliate members that are in the company.
After paying your fee, you will also qualify to earn “donations” from other coopCrowd members.
Recurring Commissions (matrix)
As a commission-qualified affiliate member, you will be able to earn recurring commissions from their MLM matrix compensation plan.
The matrix compensation plan that they use is structured in a 3X10 matrix.
This matrix plan is what tracks and pays you commissions.
The matrix compensation plan has a set amount of positions per level with 3 being on your first level.
The second level will have a total of 9 positions that you or your first level affiliate members can fill.
Since the second level has 9 positions and we know that each affiliate member has only 3 positions on their first level, that would mean that there would be a total of 27 positions that can be filled.
This multiplication by 3 to learn how many positions that can be filled would carry on for 10 levels.
Each level of your compensation plan will pay you a certain percentage of the total recurring “donations” that are made by those active affiliate members.
The more affiliate members that fill up the positions in your 3X10 matrix will mean the more money that you can earn.
Here are the percentages of income that you can earn per level:
- The recurring “donations” or membership fees from your level 1 will pay you 10%.
- The recurring “donations” or membership fees from your levels 2 to 4 will pay you 5%
- The recurring “donations” or membership fees from your level 5 will pay you 2.5%
- The recurring “donations” or membership fees from your level 6 will pay you 5%
- The recurring “donations” or membership fees from your levels 7 and 8 will pay you 2.5%
- The recurring “donations” or membership fees from your level 9 will pay you 5%
- The recurring “donations” or membership fees from your level 10 will pay you 7.5%
That is all of the information that I gathered about how the compensation plan works and how you can make money with the CoopCrowd opportunity.
With that said, let’s answer some questions about the program.
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My CoopCrowd FAQ Section
In this section of my review, I am going to answer some of the questions that people may have when thinking about joining the CoopCrowd opportunity.
Is CoopCrowd BBB Accredited?
No, CoopCrowd is not accredited with the BBB at this time.
This does not make CoopCrowd a scam, it just means that the company doesn’t have accreditation at this time.
There are a ton of companies without accreditation and even a bad rating in the BBB but are 100% legit.
This is why we don’t take the ratings from the BBB to make our final decision on whether or not a company or program is a Scam or Legit.
What’s The Cost to Join CoopCrowd?
The minimum cost to join CoopCrowd is $28 every 28 days, but they also have higher subscription levels.
Here is a breakdown of the 3 subscription levels that the company offers:
- The first level will cost $28 every 28 days to stay an active affiliate member and to earn on 2 crowd stages.
- The second level will cost $84 every 84 days to stay an active affiliate member and to earn on 3 crowd stages.
- The third level will cost $365 every 365 days to stay an active affiliate member and to earn on 5 crowd stages.
I have found that there is also an admin fee, but this could not be found when searching around the company website.
Is CoopCrowd a Scam or Legit Opportunity?
In my opinion, no, CoopCrowd is not a scam but I do see some serious issues with their business model.
One of the things that the company bases their business model on is donations to make money that they call Crowdfunding.
But the problem is that Crowdfunding is based around donations without the expectation of getting anything back in return.
CoopCrowd requires members to donate to others to earn money without any products being offered which are actually called a gifting scheme.
There have been a TON of gifting schemes that have launched with the same business model that CoopCrowd offers that are all gone due to being closed down by the owner, shut down by the law, or lack of sales.
The biggest downfall that I see with this business model is the lack of a real product or service.
The layout and design of the company website are really nice but you can’t judge a book by its cover in this case.
I can’t say for sure that the owner created this program for another short-lived opportunity to focus on lining his pockets, but why would they create another business model that is notorious for not lasting?
I would just say to really take care and be aware that this program will not last long if you are thinking about joining.
My Final CoopCrowd Review and Thoughts
In the final section of my review, I am going to share my final thoughts, concerns, and recommendation about the CoopCrowd opportunity as a whole.
I have taken the time to research and review the information about the company, the products, and the compensation plan.
I have also shared my concerns and the issues that I found in my “Is it a Scam” section above.
At this point, you should have a great idea about what CoopCrowd is, how it works, what they offer, and how you can make money with it.
What are your thoughts up to this point?
But here is the question…
Do I Recommend Joining The CoopCrowd Opportunity?
Due to the serious issues that I found with their business model and the lack of any products, I do not recommend that you join.
I have reviewed many of these types of gifting schemes in the past and they don’t last that long.
I would say to save your money for something more legit.
With that said, I hope you enjoyed my CoopCrowd review.
If you found my review helpful, click on the social share buttons on this page and share it with others so that people can learn more about how the CoopCrowd opportunity works and if it is worth joining.
Thank you for your support!