What Is MarketPeak? Is It A Scam or Legit?
I came across another MLM company where they promise to help you make money if you invest in cryptocurrency.
The name of the company I’m talking about is called MarketPeak.
And since you’re on this site right now, you’re probably wondering if it is a scam or not. My goal in this review is to help answer all of your questions.
As you keep reading, you will learn everything you need to know about MarketPeak and the income opportunity it presents.
I’ll break down their background information, cost to join, and how you can make money with them.
By the end of this, you’ll know if this opportunity is right for you or not. So let’s do it!
MarketPeak Review Summary
Product Name: MarketPeak
Founder: Sergej Heck
Product Type: Multi-Level Marketing
Price to join: $250 to $7500
Best For: No one
Summary: MarketPeak is another pyramid/ponzi scheme that is looking to take people’s money. They disguise themselves as an MLM company where your income is dependent on how many people you can recruit into the business. The problem is, you can recruit only so much until you run out of people. Once that stops, so does your income.
Frequently Asked Questions
1.) What is MarketPeak?
Is a cryptocurrency company that focuses on PEAK tokens. The problem is, no one knows what the heck are PEAK tokens.
It’s a worthless asset outside of MarketPeak, which makes it difficult to want to invest in. Sergej Heck who is the CEO, has a very sketchy past.
Which is reason enough not to get involved with this company.
2.) How do you make money with them?
There’s pretty much only one way to make money, and that is through recruiting.
The more people you recruit, the more commissions you receive. You also get commissions for anyone under you that recruits someone into the business.
This is what you call residual income which we will get into later.
3.) What are the red flags?
There are a bunch of them. Starting with the way you earn money. In the previous section we talked about recruiting people into the business.
With most legit MLMs, you can earn income by either selling products, or recruiting people into the business.
If the only way to earn income is through recruiting, most likely that business is not legit.
That’s because in many countries that is considered a pyramid scheme which may be illegal. And this is the case with MarketPeak.
Another red flag is that this isn’t the first ponzi scheme the CEO has participated in. That list includes:
- Questra Global
- Cryp Trade Capital
These are the most important things you need to know when it comes to MarketPeak.
But the biggest flag is the fact that there are no products to sell. Which I plan on getting into in the next section.
Does MarketPeak Operate Like A Pyramid Scheme?
Please keep in mind that not every MLM company out there is a pyramid scheme.
I know there’s a stigma with them, but there is usually one thing that makes an MLM a pyramid scheme.
And that one thing is the lack of products to sell.
With companies that only require you to recruit people for income, they are considered to be operating a pyramid scheme.
This is where you at the top have people under you who are also recruiting people into the business.
This seems to be the case with MarketPeak. Where they offer no products or services for you to sell.
All they pretty much have to offer you is a PEAK token. So basically your main source of income comes from recruiting.
The problem arises when there are no more people to recruit. Once the recruiting stops, so does your income.
Success With MLM’s Are Difficult For A Reason
MLMs have a bad reputation for a reason. Many times these types of companies are breaking laws with how they operate.
They’re either a pyramid, or a Ponzi scheme where they are having you invest money into the business without a way to grow your money.
Another reason so many fail is due to lack of business skills.
So many who get started think they can just jump into a business that was created by someone else, and think they will find success.
That’s not how it works. Which is why you see studies that say 99% of people who start a business, fail at it.
This is especially the case when it comes to MLMs. That’s because the best way to succeed is by recruiting.
And as I explained earlier, recruiting people into the business can be extremely difficult.
Which is why the first people you try to get to join are your friends and family. And there are so many horror stories when it comes to that.
Getting Started With MarketPeak
How Much To Join MarketPeak
MarketPeak offers a bunch of different membership options. Where the more you pay, the more PEAK Tokens you can receive. Receiving more tokens can also help you get higher bonuses. Below are the different membership options:
- Affiliate (Invest $250 and get 5000 PEAK tokens).
- Marketer (Invest $1000 and get 20,000 PEAK tokens).
- All-in (Invest $2000 and get 40,000 PEAK tokens plus 10% bonus.
- Enterprise (Invest $7500 get 150,000 PEAK tokens plus 15% bonus.
MarketPeak Compensation Plan
Like most compensation plans, MarketPeak compensation plan is long and complicated.
This is obviously done to confuse the heck out of you so that you’re not asking too many questions.
Their chart shows a bunch of tiers and levels that are supposed to give you a breakdown of what you can earn.
Let me give you a quick summary of it below.
There are at 10 affiliate ranks that MarketPeak offers to those who join the business. They are as follows:
- Top Leaders
- Super Star
Depending on how much money your downline can generate, determines where you move within the ranking system.
The way you earn residual income is by your downline recruiting people into the business.
This is where you can increase your income exponentially. Having people do the work for you is key to growing your business.
There are 8 levels in which you can earn.
Depending on your level, below are the percentages of invested funds you can earn:
- Level 1 (10%)
- Level 2(4%)
- Level 3 (2%)
- Levels 4 to 6 (1%)
- Levels 7 and 8 (0.5%)
Another way in which you can earn income is by increasing your rankings. This is paid out every week, and below are the percentages you earn for each rank:
- Newbies (4%)
- Rookies (6%)
- Intermediates (8%)
- Advanceds (10%)
- Professionals (12%)
- Leaders (14%)
- Top Leaders (16%)
- Mentors (18%)
- Stars (19%)
- Super Stars (20%)
When you rank up, you also get rewarded as well.
- Newbie gets $100
- Rookie gets $300
- Intermediate gets $2000
- Advanced gets $6000
- Professional gets $20,000
- Leader gets $60,000
- Top Leader $200,000
- Mentor gets $350,000
- Star gets $600,000
- Super Star gets $1,000,000
If you’re wondering how you get paid these bonuses, you should know that they are paid out in Bitcoin.
What I Like About MarketPeak
I couldn’t really find much to like about this company.
What I Don’t LIke About MarketPeak
Pyramid Scheme: Again, not all MLMs are pyramid schemes. In order for this not to be the case, you have to both sell products and recruit people to earn income.
And by the looks of this company, you earn money one way, and that way is from recruiting.
This business model is doomed to fail due to the fact that you can only recruit so many people. Once that stops, so does your earning potential.
Possible Ponzi scheme: with they’re worthless PEAK token which has zero value in the market. But they sell it to you as if it’s an investment that will actually earn you a return. But that is not the case.
Lack of trust: with the owner is something you need to be aware of. This isn’t the first ponzi scheme that he’s been involved in. Knowing this, why would anyone want to work with someone with this type of sketchy past.
Is MarketPeak A Scam?
Absolutely! The fact that you have to rely on recruiting people into the business for your income makes it a scam.
Factor in the cryptocurrency aspect of the business, and you can make the claim it’s also a ponzi scheme as well.
So it’s important to understand how the business model works. MLMs fail many times because people have zero business experience.
So when you hear about an opportunity to build your own business by recruiting, a savvy business person knows it can never work.
So stay as far away from these businesses as possible.
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