Is Global Dream Network a Scam? A New Pyramid Scheme For 2020?
Welcome to my Global Dream Network review!
I don’t even know where to begin with this review, but here goes.
So, what if I told you that this MLM company promises that you can make money by gifting someone else with money?
That would be totally absurd, right? There’s no way that kind of business model would ever be profitable for anyone.
Well, Global Dream Network or GDN is that MLM company and we’re going to take apart this pyramid scheme once and for all.
First of all, I must Congratulate you for taking your time to do your own research before buying into any "seemingly good" product.
That's the way to avoid scams and find the legitimate way to make money online!
Let me be completely transparent with you, I'm not associated with Global Dream Network in any form.
So, rest assured that I'm not here to pitch or sell anything to you.
Instead, I'm here to reveal why I think this is a pyramid scheme...
Global Dream Network Review Summary
Product Name: Global Dream Network
Founder: Akim Sibande
Product Type: Investment/Donation MLM
Price: $24 to join or get started.
Best For: No One!
Summary: Global Dream Network is a donation/investment MLM company that launched last year. However, it has all the makings of a pyramid scheme and we're here to show you all of the red flags in this review. Their business model doesn't make sense and it's clear that you'll never get your money back.
What is Global Dream Network?
Global Dream Network is a MLM or multi-level marketing company based in South Africa, and quite frankly, I’m a bit alarmed that a lot of people are saying good things about the company.
Their business model is a “peer to peer cash gifting system” where individuals gift cash to one another. We’ll talk about that in the products section.
The company was founded on January 2019, and that’s according to their LinkedIn profile. However, the only person that was listed on this company is Akim Sibande. While there’s no mention of him being the owner, he does show up a lot in a lot of their business video presentations.
The company operates out of Johannesburg, South Africa but we can’t seem to find any real address for their office.
AKim Sibande created 4 video presentations for Global Dream Network but he never mentions about their company product, company history, and other pertinent details. Instead he talks about the company’s compensation plan.
Global Dream Network Product Line
GDN doesn’t have a product.Period.
Their business is all about you donating a specific amount of money to someone you don’t know and you earn a profit out of it when you invite people to do the same.
So, how does this work?
Initially you donate R350 (South African Rand, which is their currency) or about $24. When you recruit two people into doing the same, they become your Level 1 recruits. You’ll get R700 or about $48 when you achieve this rank. To qualify for the next level, you’ll have to donate R700 (which you can use your earnings from).
If you recruit people into signing up for R600, then they become your level 2. And so on until you reach level 4. As you increase in levels, you’ll have to pay more.
I Created My Own 4-Figure Monthly Passive Income at just 21 Years Old!
Does The Product Work?
Here’s the catch with their program.
You don’t know where your “donations” are going or how they are circulated around the company.
If you really think hard about it, there’s no way this business is sustainable in the long run.
There’s no other means of income going into the company, and there’s no other way for people to earn money other than to recruit and recruit.
All of which are signs of a pyramid scheme.
How To Make Money with Global Dream Network?
Global Dream Network promises that you can make money by doing one thing only: donating. I don’t know why they use that term, but to me, it’s clearly investing.
You get more money by recruiting more people into “donating”.
How To Get Started with Global Dream Network?
You can register on their website for free, but you’ll have to make a donation of $24 or 350 South African Rand within 12 hours or you won’t be able to get into the system.
All transactions are done in the South African Rand, which is their national currency.
Global Dream Network Compensation Plan
Global Dream Network uses different MLM compensations plans together. Your R350 or $24 donation goes directly to your sponsor (whoever recruited you). You get the money back when you have people doing the same.
As I mentioned above, you’ll have to pay more to get into the succeeding levels.
Your account gets upgraded when you get into the deeper levels of your team.
This ranges anywhere between R600 ($41) to R2000 ($137), and you’ll have to pay these upgrades so you can earn up to 4 generations or levels of recruits.
To continue earning with Global Dream Network, you must create a brand new account after your fourth level is filled, and then you’ll have to cycle back over to the first level and repeat the entire process.
They don’t mention how many accounts you can create, so if you have more money to invest, the more accounts you can register for the program.
This is probably what they mean by their tagline “maximum is unlimited”.
Global Dream Network Ugly Truths Revealed!
#1 Lots of Undisclosed Information
One thing that makes me suspicious about this company is that they’re not very transparent. There are a lot of undisclosed information that are supposed to be mentioned, but we don’t find them anywhere online.
There are even tons of misspelled words on their websites.
#2 Dishonest Membership Requirement
Global Dream Network claims that you can join their business for free, which is listed on their site.
But you’re then required to pay up, or else you won’t get into the system.
Their donations don’t require a fixed price, but deep down, you’re doing some form of investing. And whatever amount you end up spending, you’re still paying for something.
#3 No Products
The biggest red flag of them all is that they have no physical product or service to work with your money. This means that you’re just getting money into a program or corporation with no clear way on how to get it back.
Anyone with a brain can read between the lines and realize that this is nothing more than a chain-recruitment program when you want to get more money by spending more money and recruiting more people.
#4 A Pyramid Scheme!
If you’re not convinced that Global Dream Network is a pyramid scheme, the FTC thinks that it already is.
There are several guidelines that the FTC or Federal Trade Commission released that should help people identify if a business opportunity is a pyramid scheme.
So far, Global Dream Network has all of the red flags of a pyramid scheme as identified by the FTC in their guidelines.
What I Like About Global Dream Network?
There’s nothing I like about the program, and for the simple reason that it’s a pyramid scheme in the guise of “accepting donations”.
Is Global Dream Network a Scam?
Global Dream Network is a pyramid scheme as far as I’m concerned, or at the very least has the makings of one.
There’s a lot of undisclosed information with no real way of how you can make your money back without recruiting people.
There’s no product or services being sold here, and your money is simply going to someone else’s pockets. That’s all there is to this program.
How I Make a Living Online?
I'm not a fan of MLM, not because it's illegal or not profitable, but because of all the restrictions and the expensive costs involved.
Instead, Affiliate Marketing is my top recommended business model for anyone to make money online.
The reason is simple...
- You don't have to recruit anyone to make money
- You have the freedom to promote any products you want and not being restricted to only promote the products from one MLM company
- It's Free to get started
In fact, with affiliate marketing...
I've personally created a 4-Figure Monthly Passive Income Stream and become financially independent at just 21 years old without any College degree or working experience!
Through my own hard work, I went from a broke restaurant waiter to living my dream laptop lifestyle in less than a year's time...
If you want to discover the secrets of how I did it at such a young age, click here!