Prosperity of Life – Is it a Pyramid Scheme & Scam? The Truth Unveiled (Latest Update 2023)
Polaris Global and Born to Prosper were the previous names for Prosperity of Life. The mere fact that the program’s proprietors enjoy changing the name of their flagship program alone can be regarded as a warning sign.
The majority of illegal initiatives and businesses take that action to prevent unwanted press, bad reviews, etc. Simply dismissing Prosperity of Life as a pyramid scheme or scam is insufficient on its own. Each participant can gain from a variety of internal services and inspirational content.
Are you thinking about signing up for Prosperity of Life? It’s critical to understand that network marketing organizations like Prosperity of Life have both benefits and drawbacks.
Although every business is different, it is still practical to profit from them. Some, though, have a track record of hurting their members financially.
Many people find out about Prosperity of Life from an online friend or influencer they can trust.
A business strategy known as multi-level marketing (MLM) pays you to promote a company’s goods. These goods could be of varying quality, and some might be pricey.
The Prosperity of Life Review
- Name: Prosperity of Life
- Founders: Shane Krider, Rachel Krider, Greg Strom
- Date Founded: April 10, 2010
- Company Address: Fountain Hills, Arizona, U.S.A.
- Telephone No.: (855 )617 5432
- Email Address: [email protected]
- Overall Rating: ⅕
Positives: Products can be profitably sold; flexible working hours
Negatives: Lack of transparency, a cloaked pyramid system, and a high subscription cost
Summary: You should stay clear of this MLM program.
What is Prosperity of Life?
Polaris Global, an MLM organization, has lately changed its name to Prosperity of Life in order to reflect a more positive perspective on the business world. Shane Krider and his wife Rachel were the founders of the business.
How does the Prosperity of Life work?
Prosperity Marketing System bills itself as a very affordable service that promises to assist new affiliates in earning their first commissions.
You will discover how to create an email list from scratch, link your own programs to the funnel, and effectively market this offer to others.
You need a few resources, tools, and the ability to generate traffic in order to make affiliate commissions.
You will receive all you need for success, including step-by-step training on everything you need to know, using the Prosperity Marketing System.
You are able to access some areas of the member’s area during your trial period as a new member.
If you choose to start recommending people as free members, it’s vital to keep in mind that you will not receive any commissions.
You can learn about the platform’s functionality and get a sense of it with the free trial.
Is Prosperity Of Life a Pyramid Scheme?
Despite the company’s best efforts to pass it off as a multi-level marketing opportunity, it’s crucial to know how to recognize the warning signs and stay clear of these kinds of scams.
Do you recall those gatherings where they encourage you to join on a monthly basis? Indeed, those. They not only try to sell you membership but also teach you how to sell memberships to others and profit from their sales in addition to trying to sell you one.
Sounds really good, doesn’t it? Because they can help you establish a strong financial foundation and offer you more time to focus on other things, recurring commissions, and passive income are quite awesome.
Let’s first discuss why this might actually be a pyramid scheme before we get too excited. The only way to generate money in a pyramid scam is to recruit new members.
However, recruitment is not required in multi-level marketing; rather, it is only selling actual company products that can bring in money for you. This is just something to be aware of before you enter any membership sales meetings.
There are numerous trustworthy alternatives available if you’re trying to establish a strong financial foundation and generate passive income.
What is a Pyramid Scheme?
A pyramid scheme is a type of investment fraud that is not sustainable. The scheme involves making unrealistic promises about returns from investments that do not exist. Early investors may receive large payouts, which encourages them to recommend the scheme to others.
Is Prosperity of Life a scam?
Even without the additional monthly fees that are indicated, the costs of their products are already quite high.
And let’s confront it, it’s difficult to avoid suspicion given the owner’s history.
The high costs will make it difficult to generate any more sales, however, you might be able to make a little money.
Stay away from this firm, trust. I would search elsewhere for your startup capital if you’re just looking to make some money.
Who Established the Prosperity of Life?
Rachel Krider and Shane Krider, a husband and wife team, developed Prosperity of Life.
Born to Prosper Network, founded by Shane Krider and his wife, is a group of diligent, independent business owners.
Shane was associated with Liberty League International, which was shown to be a pyramid scheme that defrauded unwary investors of over $5 million.
Shane Krider’s wife Rachel contributed to the establishment of Prosperity of Life. Rachel Krider
She co-hosts a podcast called Mind Power on Born to Prosper with her spouse.
Pros & Cons of Prosperity of Life Business
- Possibility of earning money
The Prosperity of Life gives its distributors the chance to profit from both their own sales and the sales of additional distributors they bring on board.
- Flexible work schedules
For those who like flexible work schedules, Prosperity of Life distributors are given the freedom to set their own schedules and work at their own speed.
You should be aware of the following negative aspects of Prosperity of Life before participating:
1. Previous owners’ scamming
Shane Krider has a history of developing multi-level marketing (MLM) initiatives, and according to a Courthouse News article, his former business, Liberty League, employed a pyramid scheme to generate close to $5 million in revenue. Although it’s true that people can change, it’s important to be aware of this history before getting engaged.
2. The high cost of the activities
It’s excellent that you want to engage in your personal development while also making a difference in the world. However, the price of Prosperity of Life’s events is quite high when compared to Tony Robbins’ and Gary V’s.
As an example, Tony Robbins’ Business Mastery event, which is a deep dive into your own business, is less than $5,000, while his Unleash the Power Within event is less than $1,000. Gary V’s two-day event in London this September is also expensive.
3. It’s expensive to get started
Therefore, there are a few actions you need to take to get things started.
That entails going through an interview, investing in a beginning kit and marketing materials ($49.95 plus $153 per month), purchasing products ($2,285 to $33,950 in value), and making at least two sales to “pass up” to your sponsor.
In total, you’ll need to spend at least $2,438 before you start to receive any money.
4. You just have a few options for what you can sell
You are limited to just selling Prosperity of Life’s goods when working with them. Therefore, if your goal is to diversify and earn money from the sale of other goods, this program is probably not for you.
5. Directly paying your sponsor
It is just letting you know that you’ll be paying your director (the person who introduced you) directly when you enroll in a class, not the business. Although it seems odd, it is how their commission system operates.
6. A lot of critical remarks
Pay attention, Prosperity of Life has received a lot of negative feedback online.
7. Encouraging individuals to accumulate debt
They’re urging regular individuals to take out a $30,000 loan to pay for their program, which is absurd. It’s just not a good idea for most individuals, and there’s no assurance you’ll get your money back.
Therefore, after reading the entire conversation, if it becomes clear that choosing the Prosperity of Life has more drawbacks than benefits, you can make a decision.