iBuumerang is a relatively new MLM which operates within the travel niche.
I can only imagine how much excited all of you who have the travel bug inside you get when you hear the words “travel” and “earn money” in the same sentence right?
But still, you can’t stop wondering if iBuumerang is actually legit… Does it offer the potential for you to achieve your financial goals? Or is it just another scammy pyramid scheme which is going to leave you hundreds of dollars poorer?
By the end of this iBuumerang review, you’ll know everything you need to make an informed decision about whether this platform is worth your time, attention, and money or not, such as
- What iBuumerang is and how it works
- The company’s background
- How much it costs to join
- Its compensation plan
- The product iBuumerang offers
- Its owners
- Pros and cons
- and much more
Let’s get cracking!
Owners: Holton Buggs & David Manning
- Standby Affiliate – $49.95 per month
- Coach Class – $250 + $49.95 per month
- Business Class – $500 + $99.95 per month
- First Class – $1000 + $99.95 per month
Official Website: home.ibuumerang.com
Suggested? So and so…
Better Money-Making Suggestions:
Is iBuumerang Suggested?
Let me tell you this…
If I had the time that I don’t have because I am running an online business, I might give iBuumerang a try mostly because as we will see later on, it offers a pretty unique and very interesting service.
On the other hand, personally, I am not that fond of MLMs.
Their success rate is awfully low, they are extremely volatile, you need to invest a ton of money, time, and energy until you manage to make a profit (if you ever actually make a profit), and most of them focus on recruiting other people instead of pushing an actual product or service which is going to be of value and benefit other people.
Plus, I really hate selling. And I really hate being sold to.
Having said all that, before I move on to the actual iBuumerang review, I want to reveal to you some general statistics about MLM companies that will probably shock you to your very core.
8 Shocking MLM Statistics
1 • According to FTC research, 99% of recruited MLM sellers lose money in an MLM venture.
2 • The same FTC report explains that the percentage of legitimate normal small businesses which eventually earn a profit is 39%.
This means that by running your own small business you have 38% more chances of earning a profit than by becoming a member of an MLM.
Other studies have shown that the success rate of online businesses is 10% and of e-commerce businesses 20%. Still way better than MLMs and much cheaper and simpler to start.
3 • According to another new study released by AARP Foundation, 47% of MLM participants lose money and 27% make no money whatsoever.
Among the 26% who are actually making a profit, 53% of them are earning less than $5000 a year, money which is far from being sufficient to make a living.
4 • 39% of MLM participants drop out because pitching crappy products and services to friends and family feels awkward and could jeopardize their relationships.
5 • At least 50% of MLM participants quit 1 year after joining.
6 • 95% of MLM participants quit within ten years.
7 • 75% of those who join and leave an MLM state that they would never join another MLM in their life.
8 • A 2018 poll of 1049 MLM participants across various companies found that most of them make less than 70 cents an hour.
Nearly 20% of them never made a sale, and nearly 60% of them had earned less than $500 in sales over the past five years. Furthermore, nearly 32% of them acquired credit card debt to finance their MLM involvement.
I could go on and on about MLMs and include like 100+ more shocking statistics about them but I’ll stop right here for the sake of keeping this relatively short.
If you still want to take a risk and go for an MLM, then, by all means, be my guest…
You never know, you might be among those very few people who manage to climb up the ladder and end up earning big bucks with them.
In the meantime, I’ll be building my very own online business which means that I have
- at least 10% more chances of earning a profit than you
- the potential to earn a lot more money than you
- 100% control over my business
- to invest much less money than you
Care to join me?
Both of them are platforms which will take you by the hand and teach you how to build, run, and successfully scale an online business of your own…
Both of them have helped dozens of people cultivate a full-time income online and completely change their financial and employment status forever.
So, now that you know, let’s move to the actual iBuumerang review.
What is iBuumerang About?
iBuumerang is a rather new MLM company operating within the travel niche.
It was created by Holton Buggs and David Manning and was first launched in March 2019.
Holton is a successful network marketer who built a network of over 3 million distributors, generated over $3 billion in sales, and mentored over 45 people to become millionaires during the last 10 years.
Based on my research, Holton has been part of several other MLMs over the years such as Organo Gold whereas he was the CVO (Chief Visionary Officer). For a short period of time, he also used to be a part of a Ponzi scheme called IQ Chain which actually closed down and reopened as IQ Legacy.
David is the CEO and owner of two successful corporations, Traverus Global and Xstream Travel, both of which have generated over $1.5 billion in travel sales over the past 18 years.
Xstream Travel is actually the travel agency which is behind iBuumerang and which will be supporting every single one of iBuumerang’s customers with the travel related services they require.
The rest of the members of iBuumerang’s leadership team are
- Terrence Gray “T.Gray” – VP of Business Development
- Mark Kithcart – VP of Marketing
- Peter Hirsch – Chief Giving Officer of the Büüm Foundation
- Lori Speers – Director of Travel Services
Every single one of those members seems to have extensive experience in the travel industry, direct sales, marketing, entrepreneurship, automation, etc.
You can find out more about iBuumerang’s leadership team right here.
How Does iBuumerang Work?
iBuumerang is basically a company which provides discounts on travel commodities such as
- Rental cars
- Weekly stays
- and much more
Those discounts can be located through a platform iBuumerang has built called iGo.
iGo is a travel search engine (similar to booking.com)
However, the discounts that people are able to find on iGo are not actually available to the general public.
iGo’s discounts range from 50% up to 70% and are exclusive only to those who have access to iGo.
They only way for someone to gain access to iGo is by having what they call a “buumerang”.
A buumerang is basically a personal invite to use the iGo search engine and the only people who can hand out those buumerangs (invites) are iBuumerang affiliates or else, TSAs (Travel Savings Ambassadors).
So, once you become an iBuumerang TSA you will start giving your buumerangs to people in order for them to be able to access iGo and get massive discounts on their next trips.
Buumerangs are free to give out. You won’t be selling them. You won’t have to convince people to buy them. You are just giving them away to people who could use a good discount for their next vacation.
Every time someone YOU invited to iGo books a trip, hotel, flight, etc through the platform, you get paid a percentage of the total amount of money on the discount they got.
You are basically doing people a favor and you earn money off of it.
Let me demonstrate an example…
Let’s say you are an iBuumerang TSA and you give out a buumerang to your best friend.
Your best friend uses that buumerang to login to iGo and find a discount on the hotel for her upcoming vacation in Barcelona.
The hotel costs $1000 for 5 nights but through iGo, she managed to get a 50% discount and book it for $500 so she saved $500.
Out of that $500 she saved, 50% or else $250 returns back to you, like a boomerang 😉
So, with iBuumerang you are basically earning money by helping other people save money.
Every TSA gets a certain amount of buumerangs.
The number of buumerangs you’ll get depends on the plan you’ll purchase upon joining.
- Standby Affiliate – 5 buumerangs
- Coach Class – 10 buumerangs
- Business Class – 25 buumerangs
- First Class – 50 buumerangs
If you run out of buumerangs you can purchase more through your TSA back office.
If all this sounds somewhat complicated to you right now, don’t worry. Once you join iBuumerang you’ll find a lot of training videos which shed a lot more light on the entire process of using iBuumerang on your TSA’s back office.
Handing out buumerangs is just one of the many ways that you can earn money with iBuumerang.
I dive deeper into iBuumerang’s full compensation plan right below.
iBuumerang's Compensation Plan
The majority of MLM companies have so extremely complicated compensation plans that it feels like you need to have a rocket scientist doctorate to understand just their first paragraph.
iBuumerang is no exception.
Thankfully, I managed to find a half-hour video which lays down iBuumerang’s entire compensation plan effectively, in-depth, and in a very simple way that anyone could understand it.
If you need additional information about iBuumerang’s compensation plan, you can find a ton of videos on YouTube going through it in great detail.
You could also locate and contact an iBuumerang sponsor to let you know all about it (I am not one).
Nonetheless, to make things easier for you, let me sum up iBuumerang’s compensation plan…
So, there are basically 6 ways that you can earn money with iBuumerang…
- Referred Travel Bonus
- Travel Savings Bonus
- Fast Start Bonus
- Dual Team Bonus
- Unilevel Commissions
- Leadership Development Bonus
Referred Travel Bonus
Refer to Xstream Travel (the travel agency which is behind iBuumerang and iGo) a group or organization which is looking to book
- a block of hotel rooms (company events, family reunions, church trips, and other group bookings)
- a destination wedding in an exotic location
- a group cruise to anywhere in the world
and you, the referring TSA, will get paid 25% of the total amount of money paid by the group to Xstream Travel.
Meanwhile, Xstream Travel will handle all of the reservations, updates, changes and customer support throughout the entire process.
After you make the referral, your involvement is no longer necessary; everything is handled by Xstream Travel.
Travel Savings Bonus
- Hand out buumerangs to friends and family in order for them to be able to use the iGo search engine to find massive discounts on hotels, flights, rentals, etc for their next travel
- 50% of the total amount of the discounts your customers got through iGo returns to you in earnings
You basically earn money when your customers save money.
The more money you help people save, the more you’ll earn.
Fast Start Bonus
Every time you recruit someone as an iBuumerang TSA, you will be paid a fixed commission. The amount of the commission you’ll get paid depends upon which package your referral signs up for.
If your referral purchases the
- Coach Class plan, you earn $20
- Business Class plan, you earn $40
- First Class plan, you earn $80
The more expensive the plan your referral purchases, the more money you’ll earn.
You earn no commissions when your referrals sign up for the Standby affiliate plan.
Dual Team Bonus
This bonus is paid based on what they call an MLM binary compensation plan.
Consider the image below…
The one at the very top of the “pyramid” is you.
Below you there is a person on your left and a person on your right.
The person on your left is the start of your left leg and the person on your right is the start of your right leg (obviously).
Both of those people have been referred to iBuumerang as TSAs by you; you are their sponsor.
Each leg can contain an unlimited amount of people who are recruited as iBuumerang’s TSAs either by you or by the people on your legs.
The point of all this is that every single time a customer of a TSA on your legs books a trip through Xstream Travel or gets discounts through the iGo platform, the sales volume of the leg that this TSA belongs to, increases.
In simpler words, with this plan, you are not earning money just when your customers get discounts but also when the customers of your recruits, and your recruits’ recruits, etc, etc, get discounts.
The leg which generates the bigger sales volume is considered your power leg and the leg which generates the smaller sales volume is considered your weak leg.
This dual team bonus is paid on a weekly basis and the amount of money that you are going to get paid is 10%-20% of the total sales volume of that weaker leg (the actual percentage is determined based on your current iBuumerang company rank).
- TSA Rank – Earn up to $1000 per week. Pays 10% of your weaker leg’s sales volume
- Director Rank – Earn up to $1500 per week. Pays 12% of your weaker leg’s sales volume
- Executive Rank – Earn up to $2000 per week. Pays 12% of your weaker leg’s sales volume
- Senior Executive Rank – Earn up to $2500 per week. Pays 12% of your weaker leg’s sales volume
- Sapphire Rank – Earn up to $3000 per week. Pays 15% of your weaker leg’s sales volume
- Rubie Rank – Earn up to $5000 per week. Pays 16% of your weaker leg’s sales volume
- Emerald Rank – Earn up to $10000 per week. Pays 17% of your weaker leg’s sales volume
- Diamond Rank – Earn up to $20000 per week. Pays 18% of your weaker leg’s sales volume
- Blue Diamond Rank – Earn up to $30000 per week. Pays 19% of your weaker leg’s sales volume
- Black Diamond Rank – Earn up to $50000 per week. Pays 20% of your weaker leg’s sales volume
- Presidential Diamond Rank – Earn up to $100000 per week. Pays 20% of your weaker leg’s sales volume
- Crown Diamond Rank – Earn up to $150000 per week. Pays 20% of your weaker leg’s sales volume
- Double Crown Diamond Rank – Earn up to $200000 per week. Pays 20% of your weaker leg’s sales volume
- Triple Crown Diamond Rank – Earn up to $250000 per week. Pays 20% of your weaker leg’s sales volume
Please note that in order to qualify for this weekly bonus you need to have personally enrolled one person on your left AND one person on your right and both of them need to be active AND have at least 500CV on your weak leg.
Click here to find out more about how MLM binary compensation plans work in general.
The Unilevel Commissions bonus is based on sales volume generated through iBuumerang travel savings and monthly recurring revenue only by people who you have personally referred to iBuumerang yourself (your personal enrollment tree).
This bonus is paid through seven levels.
- 1st Level – Your recruits
- 2nd Level – 1st level’s recruits
- 3rd Level – 2nd level’s recruits
- and so on, and so on
The higher your iBuumerang rank is the deeper and higher your commissions.
- TSA – 10% on level 1
- Director and Senior Director – 10% on levels 1 and 2
- Executive – 10% on levels 1, 2, and 3
- Sapphire – 10% on levels 1, 2, and 3, and 8% on level 4
- Ruby – 10% on levels 1, 2, and 3, 8% on level 4, and 7% on level 5
- Emerald – 10% on levels 1, 2, and 3, 8% on level 4, 7% on level 5, and 6% on level 6
- Diamond and higher – 10% on levels 1, 2, and 3, 8% on level 4, 7% on level 5, 6% on level 6, and 5% on level 7
This bonus has a compression feature which means that your commissions can go even deeper than the 7th level.
To be qualified for that compression feature you must have at least one personally enrolled ambassador who is activated and active.
Click here to find out more about how MLM unilevel compensation plans work in general.
Leadership Development Bonus
This bonus is paid by helping people in your P.E.T (Personal Enrollment Tree), achieve the rank of Sapphire and above.
The amount of this bonus is calculated by the sales volume that occurs between one member in your P.E.T who has achieved the Sapphire rank or above and the next member who has also achieved Sapphire or above.
You can earn that leadership development bonus through four generations and again, the higher your iBuumerang rank the more generations you can earn that bonus from.
How Much Does iBuumerang Cost to Join?
The standard enrollment plan that everyone must purchase to get started with iBuumerang is the “Standby Affiliate” plan which costs $49.95 per month.
In addition to that, iBuumerang offers a variety of other payment plans such as
- Coach Class – $250 + $49.95 per month
- Business Class – $500 + $99.95 per month
- First Class – $1000 + $99.95 per month
Every single one of those plans offers different
- discounts on different travel commodities
- commission rates
- travel savings bonuses
- amount of buumerangs
For instance, a Coach Class affiliate can offer discounts on hotels, flights, and rental cars whereas a First Class affiliate can offer discounts on hotels, flights, rental cars, homes, weekly stays, marketplace, lifestyle, and timeshare.
In addition, a Coach Class affiliate starts with 10 buumerangs. A First Class affiliate starts with 50 buumerangs.
The bottom line is that the more expensive the plan you’ll pay for, the better discounts you’ll be able to give, the more people you’ll be able to invite and thus the higher the potential of your earnings will be.
Is iBuumerang a Pyramid Scheme
Most of the time it’s very hard to distinguish between a legit MLM company and a pyramid scheme.
Make sure to watch the video below to discover how to spot and avoid pyramid schemes in general.
The main difference between an MLM and a pyramid scheme is that MLMs give you the opportunity to earn commissions by selling actual products or services to other people while with a pyramid scheme the only way to earn money is by recruiting other people into the scheme.
Since iBuumerang offers an actual service (the iGo search engine), it’s definitely not a pyramid scheme despite some of the aspects of its compensation plan (the binary) kinda remind one.
1 • Affordable entry: What I like a lot about iBuumerang is that you can become its affiliate with just $49.95 per month. Considering that other MLMs charge $100 – $500 per month and sometimes, even more, iBuumerang is very affordable.
On the other hand, starting and running an online business is way cheaper while offering much more chances (at least 10% more) of actually making a profit down the road.
Online business = less initial investment + more chances of success + you are 100% in control
It’s a no brainer.
2 • Very unique service: The thing that I like the most about iBuumerang is that the service it offers is one-of-a-kind. You are basically handing out travel-related discounts for free and you are earning money when people use them.
With iBuumerang you don’t have to try to convince people to buy a new “revolutionary” product. You are basically helping them get discounts on something that they would purchase anyway sooner or later and you earn money off of it.
3 • Experienced leadership: iBuumerangs leadership team is pretty experienced regarding the travel industry and MLMs in general. This kinda reassures me that the company is probably in good hands and won’t tank within the next couple of months.
4 • Training videos: Something that a lot of MLMs don’t offer to their new recruits is proper training to advance within the company (no wonder that such a small percentage of MLM participants manage to make a profit).
However, iBuumerang offers a lot of training videos on your TSA’s back office through a platform they have created called iDecide. In addition, you can find a lot more training videos on iBuumerang’s support center.
Lastly, YouTube is swarming with tutorials on how to effectively hand out your buumerangs, how to recruit more TSAs, how to shape your teams and downlines, etc, etc.
1 • New company: According to some statistics, an average MLM company will fail during its first 12-14 months. At the time of this review, iBuumerang is just 6 months old so it’s still pretty early to know if it’ll last or not.
The good news is that it’s a lot easier to make good money with an MLM if you get in early because the market will not have been saturated yet and it will be easier to recruit other people.
2 • MLM business model: As mentioned earlier, I am not that fond of the MLM business model for many reasons, mainly due to its awfully low success rates.
3 • Overly complicated compensation plan: Referral bonus, travel savings bonus, binary plans, unilevel, leadership bonus, sales volumes, fast start bonus, various percentages, different ranks, 7 levels, yadda yadda yadda.
A person who is relatively new to MLMs will have a great difficulty to get a hang of iBuumerang’s entire compensation plan.
And truthfully, I believe that MLMs make their compensation plans so complicated deliberately in order to push people to join them purely out of confusion.
4 • Expensive packs: Yes, iBuumerang’s basic enrollment pack might be affordable at $49.95 per month but if you want to maximize your earnings potential with the company you will inevitably have to purchase one of the most expensive packs and more specifically the First Class pack which costs a one-time payment of $1000 and then 99.95 per month.
That’s way too expensive!
So, What Now?
Okay, so you read this iBuumerang review in its entirety…
Well, as I see it, right now you have 4 options…
- You either go for iBuumerang (not such a good choice)
- You check out my top money-making suggestions Project 24 and/or Wealthy Affiliate, both of which are proven to have helped dozens of people build a full-time source of income online (optimal choice)
- You take a look at the dozens of others reviews I’ve put together hoping you’ll find a money-making opportunity which suits you better there
- Or you walk out of here completely empty-handed
If I were where you are (which I’ve been), I would join Wealthy Affiliate (which is what I actually did).
- Wealthy Affiliate is one of the best MMO (Make Money Online) platforms that currently exist
- I’ve been a premium Wealthy Affiliate member for 3 years now and I couldn’t be more satisfied with it
- Wealthy Affiliate has the most success stories I’ve seen in a money-making platform, EVER! Dozens more are being published daily within its community
- It is completely FREE to join (no credit card required and no catches whatsoever)
Before you leave, make sure to check out my Wealthy Affiliate Review.
Trust me, you won’t regret it!