I recently was introduced to new business from a friend of mine called 5050 Crowdfunding. I was curious what it was all about, not that I wanted to do it myself, but just always curious to what business opportunities are available, so I can either recommend them or review them. Personally, I don’t get involved in too many businesses as I honestly don’t agree with Richard Branson on saying YES To everything that comes my way. I generally prosper on finding businesses that are in alignment with my integrity, beliefs, and most importantly I look for a business opportunity that I can feel comfortable putting my mother in as the late Mark Yarnell used to say.
So I watched a few videos on 5050 Crowdfunding and here are my thoughts. First of all, I know a bit about crowdfunding as I have donated to multiple Go Fund Me Pages and most recently ran my own Kickstarter Campaign to raise money to make a music album. They are legit and many people use these types of programs to raise money for all sorts of causes from picking up after a disaster, healthcare, writing a script, to even starting a business. It’s a great concept and many have succeeded by using crowdfunding. However, when it comes to making money from a business opportunity tied to crowdfunding – typically there must be a product or service. And 5050 Crowdfunding doesn’t look like a viable business opportunity for me when you examine further.
With that being said, I will say a few years ago that cash gifting was very popular and that it ultimately proved to be illegal and most of those types of companies got shut down. Some of the owners even went to jail. Then a few years ago we saw the rise of Bitcoin Affiliate Progams and most of those have gone out of business or been shut down. Now we are seeing the rise of crowdfunding online money making programs. They come off like they are very legit, in fact, their message is pretty impressive – Give, Share, and Receive.
Here is where you enter the GREY ZONE. When you are talking about crowdfunding as a business opportunity it is sold as though you are making a donation like when you give to a charity. But when you choose a cause and you give, you are not receiving anything in return except for the validation or feeling that you are making the difference in the life of somebody else, or cause. Or on the flipside you need to raise money for a cause – recovering from unpaid dr. bills, a new business, or something that you just flat out need money for. And you are asking for donations. Anyone can legally basically put up a go fund me page today and start raising money for just about anything. Now with 5050 you have the option to donate and get paid, but you are only donating because in return you will be receiving something back hopefully (SEE BELOW).
50/50 Crowdfunding Compensation Plan
Gifting payments across all five of 50/50 Crowdfunding’s cycler are as follows:
- $250 matrix – gift $250 in and receive $750 in gifting payments
- $500 matrix – gift $500 in and receive $1500 in gifting payments
- $1000 matrix – gift $1000 in and receive $3000 in gifting payments
- $2000 matrix – gift $2000 in and receive $6000 in gifting payments
- $4000 matrix – gift $4000 in and receive $12,000 in gifting payments
Now when you look at the above it looks pretty enticing. With those types of return on Wall Street, you would be a superstar investor. The problem with this is that it looks very similar to cash gifting – which has been around since the late 90’s and is very illegal.
What I Like about 50/50
It looks like Easy Money. Who wouldn’t want to make easy money from the comfort of their own home? I also like the simplicity of their compensation plan, it’s basically a 2×2 Matrix, if you think you can refer 2 or 3 people you will get paid out fast and with a matrix you are certain to get lots of spillover at least early on (most forced matrix comp plans become too wide for you to get any spillover unless you are at the very top of the tree).
With many online marketing programs, you must learn about the product, comp plan, and develop some skill set to make money. With this, anyone can get started for $250 (minimum).
Their company owner David T Rosen has experience with cash gifting programs. This is the 2nd one in the past 12 months that he has launched. Nothing beats experience regardless of the business you choose to join.
What I dislike about 5050
There is no product here. Without a real product or service, again you are entering the grey zone and this could potentially get shut down pretty quickly by the government if it proves to be a cash gifting scheme. Even if you were to join and make a lot of money early on chances are it won’t be around for very long and most of the people who get involved too late will end up losing their hard earned money. If you get in early and make a lot of money and this does shut down and you make money from it, there is a good chance with clawback laws in play that you could have to return some or all of the money you receive from this program. So even if you get in early and make thousands or millions of dollars you might want to put that money in a safe place and not spend it just in case the government shows up on your doorstep.
The Founder Has A Track Record Of Short-Lived Cash Gifting Programs.
The Company Owner David T Rosen is on his third cash gifting program that I know of. As mentioned earlier this is his 2nd Cash Gifting Program in 12 Months. His previous programs are Pie 24/7 and Cooperative Crowdfunding. The previous programs all collapsed and it’s very likely in fact that this one will crash too in due time. They all do as soon as they run out of donors.
Sure you can make some quick cash with 5050, but it is definitely not a long-term program.
Find a company that has a rock solid owner with experience in the industry with a highly consumable product that has the ability to earn passive residual income. Look at the leadership of the company and make sure the company has not only a consumable product but a product that gets people results. Find a company that is affordable to launch that will provide you with free training, free online marketing tools, and look for people in the company who are on the front lines who have experience, integrity, and a good solid track record. If you want to build an online business and make cash quickly maybe run with 5050 just know that it may only last a few weeks or a few months. If you want to build something long-term with a leader who has been in the industry for 10 years and unlike so many who have come and gone is still around steadily building passive residual income and helping others succeed financially from home click here to learn more about one of the fastest growing legitimate opportunities around.
If you feel like your business needs help with marketing or you need money making tips — always feel free to reach out to me or another online expert for help on making your business stand out in a noisy overpopulated online world.