First of All, What is PlanProMatrix?
To understand what PlanProMatrix is all about, all you have to do is look at what it claims as its products and services. A quick browse of the company’s website will show you that it offers quite a few main services and these are as follows:
1. A multi-level marketing (MLM) or network marketing business opportunity
2. Data entry jobs
3. Eloading business
Now that you know what the company is and what its products and services are, it’s time we go to the nitty-gritty of things. Before anything else I am going to be brutally honest with you and tell you right now that I won’t recommend PlanProMatrix if you’re looking for a stable and sustainable source of income. I’m going to explain this as clearly as I could so please read on. I’ve been studying network marketing businesses for years and I know how they operate, how they attract customers, and how they often crash and burn as their target market reaches a saturation point.
Is PlanProMatrix a Scam? Is It Legit?
PlanProMatrix is not a scam but this doesn’t mean that it’s legit. Allow me to elaborate what I mean by that. The company’s main business model is network marketing. To really make money from them, you have to do a lot of recruitment. I’m sure you are familiar with this business model and I don’t have to tell you that it’s a business model that’s both unstable and unsustainable. You will be making money from your recruits and they in turn earn money from their own recruits.
The problem with this is that there’s an absence of a real product or service that’s of real value. You make money by selling an opportunity to a person. That person then makes money by reselling the opportunity to another person. Keep in mind that this is the main business model of PlanProMatrix. I repeat, you earn an income through recruitment. And I say it again, that’s a recipe for disaster because it’s unstable and unsustainable. You know what they say about this type of business scheme? Only the top 1% to 5% are making any real money. The remaining 95% to 99% are making money for the top 1% to 5%.
To become a member of PlanProMatrix, you need to invest 600 pesos. That’s the price you pay to get the opportunity to recruit other members. If you can’t see what’s wrong with this picture then you need to read more about pyramid schemes in the context of network marketing or multi-level marketing (MLM). It’s a business model that’s unacceptable and unethical because there’s nothing of value being exchanged in the transactions other than the promise that you can line your pockets with money from your recruits.
Remember Supreme Wealth Alliance (SWA) or Ignition Marketing?
Do you remember a few years ago how your Facebook newsfeed got swamped by posts about Supreme Wealth Alliance (SWA)? I’m sure you can remember. You want to know why you no longer see these posts? It’s because the business has ran its course. People soon realized that it’s unstable and unsustainable because SWA wasn’t offering any product or service that is of real value. Only a small fraction of those who joined SWA actually made any money. The same can be said about Ignition Marketing. They have identical business models that, I say it again, unsustainable and unstable. Unless PlanProMatrix revamps its business model and money-making scheme, sooner or later, it will have have the same fate as SWA and Ignition Marketing.
How About PlanProMatrix’s Data-Entry or Encoding Jobs?
I’m going to be very honest with you. Even if you spend hours and hours with the company’s data-entry tasks, you are going to make money that’s way, way, way below the minimum wage. You are literally earning peanuts for too much work and too much time spent. It’s just not worth it. How about those people on Facebook saying they’ve earned thousands of pesos doing data-entry jobs on PlanProMatrix? Most of the time, those are manufactured posts. Copied and pasted over and over again. Those are merely baits used to lure you into joining PlanProMatrix. Just because it’s on the internet doesn’t mean it’s true.
The data-entry job offers are just a front to entice people to join PlanProMatrix. And then there are the reports by a growing number of members that the data-entry software often suffers from glitches. Some people are getting banned for very simple infractions. Some people are losing the few pesos that they earned because of these simple infractions. If you really want to earn from data-entry, there are a lot of companies out there that truly offer such services. You can find them if you take the time to look.
How About Their E-loading Opportunity?
Just like the data-entry job offers, the e-loading is just another front to entice you to join. The e-loading business is already an over-saturated niche. And you will be competing with large businesses that already offer better and much more efficient e-loading systems. If you really want to start a stable and sustainable e-loading business, then go for it using tried and tested business models. Do you really think you will have an edge over other people in the e-loading business just because you are using a system by PlanProMatrix?
Sinisiraan Ko Ba Ang PlanProMatrix?
This is one of the things that I really dislike about the mentality of Filipinos when it comes to constructive criticism. When you criticize a business company and its business model, you will be accused of “paninira”. There’s absolutely no reason why I should take the time and effort to destroy PlanProMatrix. All I want to do is educate people about PlanProMatrix and its business practices. You can join the company if you truly think that you can earn good money from them. But you should let this article serve as a warning that things will more than likely be not what you’d expect from them. I say it again, I have no axe to grind with PlanProMatrix. I don’t know any of the founders. I simply want to educate people about the prevalence of shady promises in online-based companies especially those whose business model revolved around network marketing and recruitment.
Final Words
Ultimately, the choice is yours whether you will join PlanProMatrix or not. It’s your money that you’re going to invest so you can do anything you want with it. However, before you make your final decision, I want you to take into consideration everything that I’ve said in this review article. I also suggest that you read other reviews whether it’s positive or negative like mine. The more reviews you read about the company, the better chance that you’d come up with a clearer understanding of the company and its business model. With that said, good luck and thanks for reading.
