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A few days ago, someone approached you regarding Legends VIP Network…
He told you how LVN grants him access to thousands of TV channels from all around the world while paying him thousands of dollars per month for promoting the service as well as for recruiting more people to do the same.
After that, he told you that you can become a part of Legends VIP Network’s “amazing business opportunity” yourself by investing just $147.
You realized immediately that all this should be an MLM recruitment pitch…
Now you are wondering if Legends VIP Network is actually a legit money-making opportunity or just one of those pyramid-scheme scams that want nothing more than getting their hands deep in your pocket without actually providing any real value to you or anyone else whatsoever…
So, you decided to do your research…
Well, this is your lucky day!
In this review, I am going to uncover every single aspect of Legends VIP Network, such as
- What is Legends VIP Network about?
- Is Legends VIP Network a scam? A pyramid scheme maybe? Or a legit MLM company?
- How to join Legends VIP Network?
- How much does it cost to join Legends VIP Network?
- Pros and cons of joining Legends VIP Network
- Legends VIP Network’s compensation plan
- Can you really make money with Legends VIP Network, and if yes, how much?
- and much more
In addition, I am going to reveal to you a couple of alternative money-making opportunities.
This way, you’ll have every piece of information you might possibly need to make an informed decision about whether Legends VIP Network is worth your time and attention or if you’d better invest in a more legit and promising program.
Let’s get cracking!
Legends VIP Network MLM Overview
Name: Legends VIP Network
Owner: Val Smyth (Founder & CEO)
Price:
- $147 one-time fee
- 19.95 per month (optional)
Official Website: legendsvipnetwork.com
Suggested? Not at all.
Increase your chances of reaching success in multi-level marketing by following a dedicated MLM course.
What is Legends VIP Network About?
Legends VIP Network is an MLM company that provides access to a live TV application.
This application allows you to stream live TV programs (probably illegally) from thousands of channels worldwide (probably pirated).
The company was launched in 2019 by Val Smyth.
Val Smyth seems to have founded quite a few MLM companies throughout his lifetime.
One of his earliest MLM endeavors was called “Mentors in Motion” and was launched in 2007.
According to behindmlm.com, Val Smyth was also the co-founder of an MLM called “Total Takeover”. Total Takeover was launched in 2015 only to collapse a few months later as it operated as a recruitment-based scheme.
After Total Takeover collapsed, Val Smyth along with Total Takeover’s other 2 co-founders launched The Elite Networker which was also operating solely based on recruitment and ended up collapsing after a while as well…
In 2016, Val founded yet another potential pyramid scheme called “Mentoring Millionaires” which also seems to have completely tanked in less than 1 year.
That’s 3 out of 3 failed companies in only 2 years Val!
And since Legends VIP Network is also recruitment-focused, I can only guess that it is going to suffer the exact same fate as Val’s 3 previous MLM companies sooner rather than later.
There’s not much talk taking place regarding Legends VIP Network online besides a couple of reviews published by other bloggers like me… No complaints, no testimonials, no corporate profiles on websites such as BBB and Best Company, no social media pages, etc.
Legends VIP Network’s official website doesn’t reveal too much about the company, its owner, or its product either…
Legends VIP Network's Products & Prices
Legends VIP Network sells the 2 following products
- The Home Entertainment app
- and the Ultimate Digital Extravaganza
The Home Entertainment app is the application I talked about earlier that grants you access to thousands of TV channels worldwide and thousands of movies on-demand.
The cost of the Home Entertainment app is $19.95 per month per device and you can apparently test drive it for 30 days with just $9.95.
The Ultimate Digital Extravaganza is basically Legends VIP Network’s business opportunity itself and consists of an array of training, tools, and other resources that teach how to create a home-based business with LVN, such as
- Legends VIP Audio Library
- Legends VIP Network Resources
- Wealth Creation Wisdom Course
- MLM Databases
- Live Training/Sales Calls
- Private Group Meetings With Corporate Trainer
The Ultimate Digital Extravaganza costs a one-time payment of $147 and also grants you access to the Home Entertainment app for free for 30 days.
After those 30 days pass, if you want to keep using the app you’ll have to pay $19.95 per month.
The only way for people to make money with Legends VIP Network is by purchasing the Ultimate Digital Extravaganza and then recruiting other people into it.
Getting people to sign up just for the Home Entertainment app earns you ZERO money.
This means that Legends VIP Network’s Affiliates generate money only through recruiting other Affiliates (pyramid scheme).
Let’s take a look at Legends VIP Network’s compensation plan…
…until you’ve taken a good look at these shocking MLM statistics.
Legends VIP Network Affiliate
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.
Thankfully, Legends VIP Network’s compensation plan is one of the simplest I’ve come across until now.
Basically, Legends VIP Network compensates its Affiliates in just one way which they call the “1-Up System”.
The 1-Up System pays you in the 2 following ways:
- $100 for every sale you make AFTER your “Qualifying Sale” (first sale) of the Ultimate Digital Extravaganza
- $100 for every Qualifying Sale the Affiliates on your downline make up to an infinite depth
Let me explain further…
Let’s assume that you purchased Legends VIP Network’s Ultimate Digital Extravaganza yourself and you are now an Affiliate.
A few days later, you referred John to the Ultimate Digital Extravaganza, he purchased it for $147, and he became an Affiliate too.
Out of this $147 that John paid, $100 gets paid to your Sponsor and you actually earn $0 because this was your Qualifying Sale.
Now, if John refers Mary to the Ultimate Digital Extravaganza, out of the $147 that she paid for it, $100 gets paid to John’s Sponsor which is you!
Now, since you have made your first Qualifying Sale, you are eligible to earn $100 for every additional Affiliate you personally recruit on top of the $100 that you’ll earn for their first Qualifying Sale.
This is how the 1-Up System works.
The short video right below sums up the company’s compensation plan pretty neatly so you might want to give them a watch if you still have any gaps.
If you still have questions about Legends VIP Network’s compensation plan, you can contact the company’s support team through the email address support@legendsvipnetwork.com
Or you could email me at harry@dearboss-iquit.com and I will do my best to help you out.
Legends VIP Network Affiliate
Ranks & Qualifications
Legends VIP Network MLM compensation plan includes neither ranks nor rank advancements.
There’s just one rank which is the Affiliate rank.
How to Join Legends VIP Network as an Affiliate?
In order to join Legends VIP Network as an Affiliate, you have to take the following steps:
- Head over to the replicated website of another LVN Affiliate (this will be your Sponsor)
- Scroll down to the very bottom of the page and click “Contact Me Now!”
- Fill in the requested personal information and hit “Submit”
- The Affiliate who owned the website will later contact you through email, phone, or Skype and will let you know about your next steps
If you don’t have a Sponsor, then you can contact Legends VIP Network directly and they’ll probably bring you in contact with one.
How Much Does It Cost to Join Legends VIP Network as an Affiliate?
In order to sign up as a Legends VIP Network Affiliate, you’ll only have to purchase the Ultimate Digital Extravaganza that costs a one-time payment of $147.
Once you do that, there will be no additional costs whatsoever neither in order to maintain your Affiliate status nor in order to run your business.
Is Legends VIP Network 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 a legit MLM and a pyramid scheme is that your income potential with a legit MLM is mostly based on selling the company’s actual products or services to retail customers while your income potential with a pyramid scheme is mostly or solely based on recruiting other people into the scheme.
Not all MLMs are legitimate. If the money you make through an MLM is based on your sales to the public, it may be a legitimate one. If the money you make is based on the number of people you recruit and your sales to them, it’s not legit. It’s a pyramid scheme. Pyramid schemes are illegal, and the vast majority of their participants lose money. – Federal Trade Commission
Unfortunately, Legends VIP Network is a pyramid scheme!
As we’ve already seen, the only way to make money with this company is by getting other people to purchase the Ultimate Digital Extravaganza which is actually the company’s business opportunity itself.
Since your income potential as an LVN Affiliate depends solely upon recruiting more Affiliates in the scheme, Legends VIP Network has to be labeled as a pyramid scheme.
I’ve seen people here and there claiming that LVN is not a pyramid scheme or that it’s not even an MLM.
Let me assure you that getting paid based on the volume your recruits and their recruits generate, you are literally getting paid on multiple levels so you are looking at an MLM.
When this volume is generated only through recruitment, you are looking at a pyramid scheme.
And this is exactly the case with LVN.
According to the FTC, all pyramid schemes are scams so Legends VIP Network is a scam!
Legends VIP Network Pros
1. Free Replicated Website
Once you join Legends VIP Network as an Affiliate, you have the option to set up a replicated website for free.
When people sign up as Affiliates through your replicated website you automatically become their sponsor, and they become part of your downline. which means that you’ll be eligible to earn commissions through their sales.
If marketed the right way, this replicated website could help you maximize your recruits and thus your income.
If your business is not on the internet, then your business will be out of business – Bill Gates
2. Affordable Entry
Joining Legends VIP Network as an Affiliate costs a one-time payment of $147.
This is pretty affordable compared to other MLM companies that require hundreds and maybe even thousands of dollars of initial investment to become a part of their MLM compensation plan.
To give you a frame of reference, in order to become a Distributor for an MLM called Enagic Kangen Water you need to purchase one of its products and the cheapest one costs $1980.
In addition, Legends VIP Network doesn’t require you to make any additional purchases in order to maintain your active status, remain an Affiliate, qualify for commissions or anything like that.
Once you pay the initial $147, you are set for life (or until Legends VIP Network shuts down).
I believe that Legends VIP Network could be among the most afforrdable MLMs I’ve reviewed so far.
3. Simple Compensation Plan
Well, that’s new…
All of the MLMs I’ve reviewed so far have so ridiculously complicated compensation plans that most people don’t stand a chance of really grasping how they are going to get compensated by them.
Thankfully, LVN’s compensation plan is rather simple and straightforward…
You recruit – you earn money!
That’s it.
No ranks, no confusing bonuses and qualifications, no volumes, no binaries, no uni-levels, no matrixes, no drama…
In a sea full of compensation plans trying to confuse the hell out of you, the simplicity of LVN’s compensation plan was a pleasant surprise.
4. Provides Training
Something that the majority of MLMs don’t offer to their newly recruited members is proper training on selling, recruiting, how the company’s products function, etc (no wonder that such a huge percentage of MLM participants end up failing).
According to Legends VIP Network, once you join the company as an Affiliate you’ll get your hands on several training resources such as:
- Legends VIP Audio Library
- Legends VIP Network Resources
- Wealth Creation Wisdom Course
- MLM Databases
- Live Training/Sales Calls
- Private Group Meetings With Corporate Trainer
I don’t have a single clue if any of those training resources is actually going to teach you something of value but nonetheless, getting some training is a lot better than getting none.
Legends VIP Network Cons
1. It's a Pyramid Scheme
Yeap, unfortunately, Legends VIP Network is undeniably a pyramid scheme…
Pyramid schemes are extremely volatile and have very short expiration dates (Val Smyth’s previous MLM companies are a testimony of that).
Once recruits start drying out, money stops flowing in, distributors stop getting paid and start jumping ship, and the scheme starts collapsing.
This is why pyramid schemes are an awful choice for those who are after building a long-term, sustainable income.
Even if they don’t collapse by themselves, when the attention of some regulatory authority such as the FTC falls upon them, they will eventually get shut down anyway.
According to the FTC, 99.6% of people recruited in a pyramid scheme will either never make money or lose money.
FTC goes on to state that all pyramid schemes are scams and that pyramid schemes usually disguise as legitimate MLM business opportunities, but those who end up becoming a part of a pyramid scheme usually lose family, friends, and substantial amounts of time and money.
2. New Company
According to some statistics, an average MLM company will fail during its first 12-14 months. Others claim that the majority of MLM companies won’t survive past their 5th birthday…
Whatever the case, at the time of this review, Legends VIP Network is just 12 months old so it’s still pretty early to really know if the company is in for the long haul or not.
Being a pyramid scheme as well as taking into account the fact that the 3 previous pyramid schemes Val Smyth launched failed miserably just a few months after their launch, I can only guess that Legends VIP Network is going to tank pretty soon.
3. Unrealistic & Misleading Claims
What kinda pissed me off is that Legends VIP Network keeps making a false claim in an attempt to mislead people into thinking that it’s a legit MLM company and not a pyramid scheme.
In the video explaining LVN’s compensation plan, Val Smyth keeps mentioning selling the Ultimate Digital Extravaganza to other people as a “retail sale”.
In addition, the following statement exists on LVN’s official website as well:
$100 DIRECT COMMISSIONS PAID ON RETAIL SALES!
Selling the Ultimate Digital Extravaganza is NOT a retail sale in any way… It’s recruitment!
The $100 commissions are not direct but recruitment-based.
There’s nothing retail-like in LVN’s compensation plan.
The company is a recruitment-based scheme, period.
The fact that Val Smyth tries to convince us otherwise is absolutely irritating.
4. Illegal Company
Everything about Legends VIP Network is illegal.
First of all, according to FTC, all pyramid schemes are considered illegal.
On top of that, the thousands of TV channels and movies the Home Entertainment app gives you access to are all clearly pirated.
Piracy violates copyright laws.
Using this product could result in serious consequences such as your ISP canceling your internet service or maybe even having to pay heavy fines for copyright violation.
Not to mention that since the company has been built upon providing illegal services, it will absolutely get shut down sooner or later.
Another sign that the company is operating illegally is that the Legends VIP Network’s website is not indexed in Google.
If you search Google for www.legendsvipnetwork.com the website won’t appear in the search results.
This has happened either because the website was reported too many times that Google had to remove it from its search results or because Val Smyth chose it not to be displayed in Google’s search results in order to keep it hidden from the public.
Whatever the case, something smells extra fishy…
5. Questionable Owner
LVN’s owner, Val Smyth, is kind of obscure and questionable.
After conducting extensive research I found out that there is not much more information about him online.
There are claims that Val is an extremely successful and experienced MLM marketer with over 40 years of experience in the field but as you can imagine all those claims are absolutely unsubstantiated.
To me, it seems that Val is just jumping from one failed company to another failed company.
His modus operandi seems to be as follows:
- He launches a company that generates money through recruitment
- Squeezes as much money as fast as possible out of it mostly during its launch
- The company starts slowly dying
- Once the company is dead, he goes on and launches a new one which will inevitably suffer the exact same fate
All of the companies Val has created share one common characteristic (besides failing).
They all supposedly focus on teaching people how to build a home-based business and become self-employed.
Funnily enough, the “teacher” is a guy who can’t keep his companies afloat for more than one year.
Another thing that amazed me about Val is that 99% of all the videos Val has published on the YouTube channel of Mentoring Millionaires (Val’s previous pyramid scheme) have received 100 – 200 views until the guy just stopped posting.
Legends VIP Network’s YouTube channel contains only 5 videos ranging from 50 to 400 views each and a video hasn’t been posted for 6 months now.
Neither of those channels looks like a channel of a person who has extensive experience in sales and networking.
How exactly is he mentoring millionaires and helping people become self-employed?
By teaching them to create Youtube channels that no one visits while launching pyramid schemes that won’t last more than a year?
Come on…
The guys seems like a big joke to me so don’t take his words that seriously…
Is Legends VIP Network Suggested?
Legends VIP Network isn’t suggested in any way…
First of all, the company is a pyramid scheme, something that automatically makes it an illegal scam.
The company’s product is also illegal as it provides access to pirated TV channels and movies.
Piracy is considered a violation of copyrighted content and being involved with piracy could have serious consequences such as extremely heavy fines, IP bans, confiscation of your equipment, and even jail time.
On top of all that, the illegal nature of the company means that it’s not going to be operating for much longer anyway.
After all, the last 3 companies of Val Smyth that operated similarly to Legends VIP Network didn’t last more than a year each (and they didn’t provide any illegal service).
It would not come as such a surprise to me if I saw LVN shut down a couple of months from now.
Lastly, consider that recruiting other people into such a scam could potentially damage your relationships with them along with your reputation and trustworthiness.
Would you really want to invest your time and money in such a “business opportunity”?
If so, then well, you have my blessing!
If not, make sure to check out a better money-making opportunity right here.
2 Responses
2 years later it’s still up and running so that’s weird, isn’t it? Oh ya, so the service is sold to the one who provides the service for $19, and then he sells it to clients for $29.
And I didn’t hear any pressure to get more recruit’s. But obviously, some good points to look out for like copyright laws and legitimacy. I will check it out.
Yeah really weird… I guess there are still people who fall for such schemes.
Makes me wonder when it’ll start collapsing on itself.
All the best,
Harry