The company name used to be Networkoin.
One of the things that we are going to look into today is to see if Neworkom is a scam or not.
We would want to join a company just for it to get shut down due to non-compliance reasons or bad business decisions.
We are going to take the time to research the information about the company, the products, and the compensation plan to see how everything works.
We are also going to share our final thoughts about the opportunity as a whole and if we would recommend it.
We decided to take a closer look at the opportunity due to the growing social interest that we saw online.
With that said, let’s dig in and see what we can learn about it.
What Is Neworkom? Review Intro
Neworkom is an MLM opportunity that will give you the opportunity to make money online by recruiting others and building a team.
The company also promises some kind of ROI with the profits that they earn.
The niche that I would say that the company is in would be the cryptocurrency MLM niche.
One of the things that we like to see on the company website is who owns or runs it.
The founder and president are Andor Viragh.
The company is based out of Malta and launched on 9-2018.
The only other information that we have is that before founding Neworkom, Andor was promoting the company Enagic which offers Kangen water filters.
That is all of the information that we have about the company, let’s move on to the next section.
Another great review: Orius Capital Review – Scam ROI or Legit? Compensation Plan Details
What Products Does Neworkom Offer?
In this section of the review, we are going to cover the products that Neworkom offers.
One of the things that the previous version of the company (Newokoin) had was a chance to participate in their promised profits program which was not really what we thought is a legitimate model for what we saw the company using in the past to sustain those profits.
However, they kept their eCommerce platform which is what you get.
They still don’t offer a retail version for their platform and are only offered to affiliate members.
The eCommerce platform will come with an app that you can use to make transactions along with a payment card that is issued to you.
Other than that, this is all of the information that we have about the products that the company offers, let’s continue.
Another great review: Wssavior Review – Investment Scam or Legit? Compensation Plan Details
How Does The Neworkom Compensation Plan Work?
In this section of the review, I am going to cover the information on how the compensation plan works and how you can make money with the Neworkom opportunity.
Some of the information might need to be updated due to the new company change from Neworkoin to Neworkom.
In order to join Neworkom, you will need to make an investment into one of the levels that the company offers.
The investment will purchase NWK virtual tokens which are a type of currency but only used within the Newokom opportunity.
Here is a breakdown of each level that you can get started and join at:
- Start Level – This level will require an investment of 100 Euros and you will get 100 NWK tokens.
- Connect Level – This level will require an investment of 250 Euros and you will get 250 NWK tokens.
- Partner Level – This level will require an investment of 500 Euros and you will get 500 NWK tokens.
- Access Level – This level will require an investment of 1000 Euros and you will get 1000 NWK tokens.
- Premium Level – This level will require an investment of 3000 Euros and you will get 3000 NWK tokens.
- Builder Level – This level will require an investment of 5000 Euros and you will get 5000 NWK tokens.
- Pro Level – This level will require an investment of 10,000 Euros and you will get 10,000 NWK tokens.
What was found is that the tokens that you purchase are basically locked for 52 weeks and at which time the company offers some type of ROI or interest earned on your investment.
After 52 weeks the company will also give you access to share in the company profits.
After 52 weeks the company will also give you the option to sell your tokens back to the company at the purchase value.
The company also offers what they call “License Commissions”.
These are commissions earned from the investment packages which has an eCommerce merchant license.
The details given by the company are vague, but here is the breakdown of what you can earn:
- Start Level – At this level, you will get 3 basic licenses at a 50% return.
- Connect Level – At this level, you will get 8 basic licenses at a 60% return.
- Partner Level – At this level, you will get 18 basic licenses at an 80% return.
- Access Level – At this level, you will get 40 basic licenses at a 100% return.
- Premium Level – At this level, you will get 15 basic licenses at a 125% return.
- Builder Level – At this level, you will get 22 basic licenses at a 150% return.
- Pro Level – At this level, you will get 30 basic licenses at a 200% return.
Recruitment Commissions (unilevel)
Recruitment commissions are paid on the initial signups of new members that make an investment into one of the levels.
These are offered to your personally recruited members and also from people that join that are in your downline.
The company uses a unilevel compensation plan to pay out these commissions that consist of 5 levels deep.
For those that are not familiar with how the unilevel compensation plan works, here is a quick breakdown:
- 1st level – The first level of your unilevel compensation plan will only have your personally enrolled members on it.
- 2nd level – The second level of your unilevel compensation plan will only have team members that your level 1 members personally recruited on it.
- 3rd Level – The third level of your unilevel compensation plan will only have team members that your level 2 members personally recruited on it.
- and so on…
The company unilevel has a total of 5 levels that you can earn from.
Here is a breakdown of what you can earn from your new team members:
- Level 1 – This level pays 5% on your team members investments.
- Level 2 – This level pays 2% on your team members investments.
- Levels 3 to 5 – These levels pay 1% on your team members investments.
Referral Commissions (binary)
Referral commissions are paid commissions of the investments that your downline purchase in the company.
All of the investments are counted toward this commission that you can earn and paid out in a percentage.
The commission model is structured and paid out using the binary compensation plan.
For those that are unfamiliar with how the binary compensation plan structure works and pays out, here is a quick breakdown:
- Binaries have only 2 legs (left and right)
- Each leg is counted for its own sales or investment volume
- You are required to personally sponsor and maintain at least 1 active (paid) member on your left leg and 1 also on your right leg at all times.
- Volume must be on both legs to count toward a commission payout
- The leg that has fewer sales or volume is considered your pay leg (the leg that you get paid on)
- You get paid on the binary at the end of each day
- When you get paid, the volume that is counted toward your commission payout is removed from your pay leg and an equal amount is also removed from your bigger leg.
- There is also no limit on how big you build either leg.
- You can fill either side with direct or indirect sponsoring
At the end of each day, the company will count up your binary volume from both legs, and take the leg that has less, and pay you a percentage on that number.
The more you have invested in Neworkom will determine the percentage you will earn each day from your pay leg.
Here is a breakdown of what you can earn from your binary compensation plan:
- Start Level – When you are at this package level, you will earn 5% of your pay leg each day when qualified.
- Connect Level – When you are at this package level, you will earn 6% of your pay leg each day when qualified.
- Partner Level – When you are at this package level, you will earn 7% of your pay leg each day when qualified.
- Access Level – When you are at this package level, you will earn 8% of your pay leg each day when qualified.
- Premium Level – When you are at this package level, you will earn 8% of your pay leg each day when qualified.
- Builder Levels – When you are at this package level, you will earn 8% of your pay leg each day when qualified.
- Pro Level – When you are at this package level, you will earn 10% of your pay leg each day when qualified.
Binary Bonus Commissions
Neworkom also offers Binary Bonus commissions that you can earn.
When a new affiliate member reaches their 32 and 52-week mark, they earn 2 bonuses from their binary earnings.
- The 32-Week Mark – Affiliate will earn a bonus that is equal to what they have generated in the binary residual commission plan up to that point in time.
- The 52-Week Mark – Affiliate members that join at the Premium package level will earn the 32-week bonus again.
- Builder and Pro Level Members – When you are at these level you will earn double the 32-week binary bonus.
There is mention of the company offering commissions that you can earn from “Preferred Shares”, but the information that was found does not explain what this is or how it works.
There is mention of the company offering commissions that you can earn from a “Grant Program” as well, but the information that was found does not explain what this is or how it works.
That is all of the information that we have about how the compensation plan works, and how you can make money with it, let’s continue.
Another great review: Cash FX Group Review – Scam or Legit? Compensation Plan Exposed
My Neworkom Q and A Section
In this section of the review, I am going to answer some of the questions that people might have when thinking about joining the Neworkom opportunity.
Is Neworkom BBB Accredited?
No, Neworkom is not accredited with the Better Business Bureau at this time.
This is not an indication that the company is a scam, it just means that they are not accredited with the BBB at this time.
There are a ton of legitimate companies that are not listed on the BBB so the information that we go by for all of the companies or opportunities that we review is what we base our final thoughts on.
What’s The Cost to Join Neworkom?
The minimum cost to join Neworkom is 50 Euros as an affiliate member.
I don’t see where a customer can purchase the products that the company offers for retail at this time.
Now, let’s get to the section that most of you are here to learn about which is…
Is Neworkom a Scam or Legitimate Business?
No, Neworkom is not a scam.
I believe with the updates that they made they are better off with being a legitimate business.
I am not sure if they still offer the promised ROI but it looks like they took that aspect out of the equation which is a good thing for legitimacy reasons.
With that said, let’s finish up.
Related articles: MLM Reviews, Scams, and Compensation Plans
My Final Neworkom Review and Thoughts
In the last section of the review, I am going to share my final thoughts about the Neworkom 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 thoughts about if I felt that Neworkom is a scam and my concerns about the business model.
At this point, you should have a clear idea about what the company is, how it works, what they offer, and how you can make money with it.
What are your thoughts about it up to this point?
But here is the question…
Do I recommend the Neworkom opportunity?
At this time, and with the information I have, I can’t recommend it with the issues that I have found with it.
There seems to be a reboot to the company with a new name and some differences that I’ve found but there is not that much information that was found on the company website.
When that information is available or if there are any changes, I will revisit this review and update my information.
With that said, I hope you enjoyed my Neworkom review.
If you found this review helpful, make sure to click on the social share buttons on this page and share it with others so that people can learn exactly what the Neworkom opportunity is really all about.
Thank you for your support!