Welcome to my Elamant review!
Is Elamant a scam?
This is what we are going to find out in this review.
This company is marketing the massive data collection and discount travel in the MLM industry.
It’s a fairly new company, so I would not be surprised if you need more information about them.
So, how do you know if this is something you can excel at and make money too?
Well, if you’re looking to invest in this company, I have the details you need before investing!
Continue reading, and I’ll tell you all about the company, their products, and their compensation plan used to reward members of their business team.
Let’s find out.
Anyway, back to my review about Elamant.
Elamant Products Review
Elamant has no products or services that affiliates can buy or sell.
But anyone who wants to sign up as an affiliate with Elamant can market the affiliate company.
Membership in the affiliate company gives access to a discounted travel booking portal and collection system.
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Elamant Company Review
The company was launched in 2017 and seems to be conducting its business through “Elamant PTE LTD “Outside Singapore.”
It was in October that Elamant PTE LTD was incorporated with Ryan Evans as the current president and CEO of the company.
The company uses a virtual office listed in Singapore, but Evans is.
Before starting the company, the history of the wagons Evans’s era included the time spent as director of operations of Saivian.
Affiliates for Saivian had a monthly investment requirement of $125 for an agreed daily ROI (up to $3000).
ROI payments came with the sponsorship of new affiliates.
There was another item in Saivian, which was a cashback receipt with the company claims they were selling purchase data shared by their affiliates.
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The Elamant Compensation Plan Review
Affiliates wishing to participate in the corporate compensation plan must register and invest in society.
The affiliates of the company must invest monthly with a payment of $128, with the agreement of an annual ROI of one million dollars or more
The ROI earnings are earned by sponsoring new affiliates directly and indirectly, as listed:
- Referral (sponsor and retention of at least three affiliated investors) = $152 m ROI ($1824 per year)
- Consultant (maintain at least three affiliated investors and have a total downline of twelve or more affiliated investors) = $542 monthly ROI ($6504 in the year)
- Senior Consultant (sponsor and maintain at least four affiliated investors and have a total downline of forty or more affiliated investors) = $845 monthly ROI ($10.144 all-in-one) year)
- Manager (sponsors and maintains at least five affiliated investors and has a total downline of eighty or more affiliated investors) = $1452 monthly ROI ($17,424 annually)
- Senior Manager (maintain at least that affiliated investors and have a total downline of one hundred and fifty or more affiliated investors) = $2925 monthly ROIs ($35.104 in the year)
- Director (maintain at least five affiliated investors and has a total downline of three hundred or more affiliated investors) = $4485 monthly ROI ($53.824 per year)
- Senior Director (maintain at least five affiliated investors and have a total downline of five hundred or more affiliated investors) = $6912 monthly ROI ($82.944 per year)  Silver Ambassador (maintain at least five affiliated investors and have a total downline of seven hundred and fifty or more affiliated investors) = $10,769 monthly ROI ($129,224 annually)
- Gold Ambassador (maintain at least five affiliated investors and have a total downline of one thousand or multiple affiliated investors) = $16.402 monthly ROI ($196.824 per year)
- Vice President (maintain at least five affiliated investors and have a total downline of two thousand or more affiliated investors) = $23,552 monthly ROI ($282,624 per year)
- President (sponsors and maintains at least six affiliated investors and has a total downline of four thousand or more affiliated investors) = $30,265 monthly ROI ($363,180 annually)
- Manager (sponsors and maintains at least seven affiliated investors and has a total downline of six thousand or more affiliated investors) = $60.681 monthly ROI ($728.172 per year)
- Diamond Executive (sponsors and maintains at least eight affiliated investors and has a total downline of eight thousand or more affiliated investors) = $91,098 monthly ROI ($1,093,176 in the year)
The company keeps track of downline affiliations by means of a unilevel team model, in where the positions are filled directly or indirectly by sponsoring new affiliates who invest with the company.
Those affiliates who are on level 1 of a company’s unilevel affiliate team are those affiliates that have always been sponsored.
In the unilevel model, there are only so many downline affiliates that can be counted on one leg in unilevel, and the maximum number of downline affiliates needed for totals decreases by rank:
- Referral to Senior Consultant = No more than 50% of the required downline affiliates counted by any unilevel leg
- Manager to Director = no more than 40 %
- Senior Director to Vice President = no more than 30%
- President and superior = no more than 25%
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The Cost to join Elamant
The cost of joining Elamant as an affiliate with a subscription is a monthly payment of $128.
Final Elamant Review and Thoughts
Now we are here at the end of my compensation plan, the company left me with the impression that they are not 100% legitimate, and I’ll tell you why.
In a data-driven world, it’s no secret that companies will pay exaggerated amounts for huge amounts of data collected, and has certainly become their own niche from which money can be earned.
This company and the company that Evans was part of before (Saivian) certainly do not operate at levels with the ability to actually pay their marketed ROI or their possible payment amount promised to investors.
In addition, the company does not say how they intend to make the revenue necessary for ROI payments.
This company is primarily investor-based, those who sign up and continue to pay it monthly to motivate the whole operation.
They will use money from investors to pay members prior to their ROI due from the company and when a company does this they are considered a scam.
When new affiliates stop signing with the company, there will be a lack of funds to pay any ROI due.
So, those at the bottom of the unilevel model will pay their shares at the price of $128 a month, without seeing any return on their investment.
When those ultimately stop paying their dues, affiliates who expect compensation from the sponsorship of those new affiliates will also see a lack of funds coming their way.
Basically, a lack of funds also running the unilevel model.
And then, in the end, you get paid in this scam, that is when the whole thing breaks down.
My advice? Pay attention to this company because you risk losing your investment.
That’s why I consider this as follows:
I hope you enjoyed my Elamant review.