Welcome to my article that will discuss if NetQube is an MLM or a scam Pyramid Scheme.
These are the questions that we are going to get answers to in this article.
We are also going to look at the company and owner, the products, and the compensation plan structure to see if the company is a legitimate company and how it all works.
I’ve been hearing a lot of people talking about this company through social media and some promotions that some of the members of the program have in play.
So my curiosity was piqued, and I wanted to find out more information about what this program was all about.
The reason why you are probably here is that you have seen some of the promotions that I’ve seen and want to learn more about this opportunity also to see if it is a scam or legitimate.
It’s a good idea that you’re here on my article today because I’ve just got done researching everything about this company and opportunity and published my finding here for you to discover if this program is right for you or not.
Make sure you take in all the information and wait till the end when I give my final evaluation and my thoughts about NetQube.
Is NetQube an MLM?
Yes, NetQube is an MLM company that offers retail products and an MLM compensation plan to pay their affiliate members referral commissions.
The company does not do traditional marketing for its own company and leaves the marketing to its affiliate members, which is the normal way that all MLM companies work.
Is NetQube A Scam or Pyramid Scheme?
In my opinion, no, NetQube is not a scam or pyramid scheme.
At first, glance when I was looking at the products on the company page I was let down, but soon found that they do offer retail products on their social site which is very different and not the norm when referring to a typical way that a legit MLM company offers retail products.
I am not sure how that works as far as compliance or if the company does need to list products on the company website itself as others do.
So, at this time I am not 100% sure if this company is in compliance due to that fact, but for me looking in from the outside in, I feel that technically they do offer retail products.
With that said, I am not a lawyer of MLM law, so there might be certain aspects that you must have.
I will have to do some more digging on this subject.
Either way, let’s move on…
My NetQube Company Overview
In this section of the article, we are going to look at the information on the company and its owners.
NetQube is an MLM company that is in the social network niche.
The company address for NetQube is 4313 Bluebonnet Boulevard, Suite A Baton Rouge, LA 70809 which seems like a virtual address.
When I was looking around the company website at “netqube.com” I was unable to find any information about who owns the company or who runs it.
When I first took a look a few months back the team page where I would figure this information would be located is still not available today, it has been at least 3 months since I last checked.
Although the company owner information is not available on the company site, I did find the name of Dan Wolfanger who claims that he is the CEO and owner.
Dan Wolfanger actually promoted a company called Divvee before launching NetQube which he had quit sometime late in 2017.
With that said, let’s move on to the product information.
In this section of the NetQube article, we will be taking a look at the products that they offer.
Unfortunately, the company fails to offer any retail product for people that do not wish to participate in the opportunity and only want to get the product.
However, when you sign up as an affiliate member for NetQube you will gain access to the NetQubes social site called NQsocial where you can earn retail sale commissions.
So, when you go directly to the site, you can’t buy any retail products but when you visit the NQsocial site as a regular person not affiliated with NetQube you can purchase products as a customer.
Ok, that is a bit different, but hey, if it works, it works.
That’s all I have for the products, we check the compensation plan in this NetQube compensation plan …
NetQube Compensation Plan Breakdown
In this section of the article, we are going to look at the information on the compensation plan and how you make money with NetQube.
There are basically 2 ways that you can earn commissions with NetQube.
- Direct Referral Sales
- Residual Commissions
When you personally refer someone into the NetQube opportunity you can earn fast start commissions.
This pays out $25 per each personally referred person to the company.
You can also qualify for additional bonuses through the referral commissions.
Here are the qualifications:
- Personally refer 4 affiliate members within 30 days and earn a $50 bonus.
- Personally refer 6 affiliates members within 60 days and earn a $50 bonus.
- Personally refer 15 affiliates members within 120 days and earn a $500 bonus.
- Personally refer 25 affiliates members within 180 days and earn a $1000 bonus.
- Personally refer 50 affiliates members within 12 months and earn a $3000 bonus.
Additionally, you can qualify to earn an extra $50 for personally refer 6 members in your first 60 days.
NetQube has an extra part of their compensation plan called Qube commissions.
This is generated when one of your “Qubes” is filled.
This is filled by affiliate members or by customers.
When you fill one of your “Qubes” you earn $10 commissions.
To qualify for $150+ worth of commissions, you will need to fill all 15 Qubes within a month.
NetQube also offers residual commissions.
This is paid out through a 3X10 MLM matrix compensation plan structure.
To qualify to earn from all levels of the Matrix compensation plan you will need to sponsor a certain amount of personal referrals.
Here are the qualifications and what levels you can earn on:
- Personally refer 1 affiliate member and earn on 5 matrix levels
- Personally refer 2 affiliate members and earn on 6 matrix levels
- Personally refer 3 affiliate members and earn on 7 matrix levels
- Personally refer 4 affiliate members and earn on 8 matrix levels
- Personally refer 5 affiliate members and earn on 9 matrix levels
- Personally refer 6 affiliate members and earn on 10 matrix levels
When referring to the “Qube” residual commissions this is paid out in a 100% match which was mentioned earlier.
NetQube offers what is called Q-Bonuses.
To qualify for Q-Bonuses you will need to have a certain amount of volume.
Here is a breakdown of the bonuses that you can qualify for with the volume that you will need to get them:
- When you generate 500 filled Qubes in 1 month, you will qualify for a Q1 Bonus.
- When you generate 3000 filled Qubes in 1 month, you will qualify for a Q2 Bonus.
- When you generate 10,000 filled Qubes in 1 month and also personally refer and maintain at least 3 Q1 affiliates, you will qualify for a Q3 Bonus.
- When you generate 50,000 filled Qubes in 1 month and personally refer and maintain at least 3 Q2 affiliates, you will qualify for a Q4 Bonus.
- When you generate 250,000 filled Qubes in 1 month and personally refer and maintain at least 3 Q3 affiliates, you will qualify for a one-time $50,000 Q-Bonus.
- When you generate 1,700,000 filled Qubes in 1 month and personally refer and maintain at least 3 Q4 affiliates, you will qualify for a one-time $100,000 Q-Bonus and “brand new Tesla” car.
- When you generate 5,000,000 filled Qubes in a month and personally refer and maintain at least 3 Q5 affiliates, you will qualify for a one-time $500,000 Q-Bonus.
- When you generate 10,000,000 filled Qubes in a month and personally refer and maintain at least 3 Q6 affiliates, you will qualify for a one-time $1,000,000 Q-Bonus.
Related articles: MLM Reviews, Compensation Plans, and Scams
In this section of the article, we are going to answer some of the questions that one would have when they are thinking about joining NetQube.
Is NetQube BBB Accredited?
No, NetQube is not accredited on the Better Business Bureau website.
However, they do have a listing there with an “A” rating but there is not much more information available.
I personally don’t take into consideration if a company has a horrible rating or not accredited on the BBB due to the manipulation of the ratings that they show have been known.
How Much Does It Cost To Join NetQube?
Looking at the company website and the join page, it looks like you will need a $199.95 monthly subscription to stay qualified as an affiliate member.
It doesn’t look like any products
As of the moment, the NetQube subscription is $199.95
Now in the future, they may have some products, so if they get one, I’ll add it here …
The moment you were waiting for 39. Inside NetQube.
My Final NetQube Thoughts
The last section of my article will cover my final thoughts about the NetQube opportunity.
Overall, it does have a lot of good aspects to it.
Some of the things that I personally didn’t like were:
- The cost to join.
- The low fast start commissions.
- No retail products are available on the company website.
- No ownership details are listed on the company website.
The concept is not new, Divvee was another program that had a very similar concept.
The problem was that it didn’t perform very well in the numbers.
Sure, money was made, but it didn’t really work very well.
I don’t see too much excitement with NetQube at this time, so it might be headed toward the same future.
The compensation plan is ok, the problem is the cost to join, which I feel is what is hurting the progress.
Hopefully, NetQube can overcome some shortcomings and thrive later on when things get fixed.
I hope you enjoyed my article on if NetQube is an MLM or scam Pyramid Scheme.
Make sure to click on the social share buttons on this page and share it with others so that people can know what exactly the NetQube opportunity is all about.