Is Genistar A Scam? – Read This Before Taking Any Step!

Is Genistar A Scam?

Is Genistar A Scam?

I welcome you to my Genistar Review.

Have you ever encountered someone promising to enable you to earn money while working at home?

Sometimes they do this pitching to market their products or services.

They claim to have a solution to your financial challenges.

You’ve been wondering whether this one here is one of those platforms.

Do you think this program is a legitimate business opportunity?

Or could it be another form of a scam?

You took a noble decision to do thorough research before embarking on your journey into online business.

Having a clear picture of what you’re getting into will help you avoid some pitfalls while running your business.

As we dive into this article, I would like to remind you that I am not an associate of this program.

So, expect total transparency in this review.

Along the way, I will give you the best alternative to this program since it is not your only hope of attaining your desired financial freedom.

Let’s hit the trail…

Summary Of Genistar Review

Name of the Product: Genistar

Website’s URL: genista.online

Type of the Product:  Multi-Level Marketing Business model

Founder: Jeff Lestz

Product Rating: 4/10

Cost of the Product: One-time fee of $140

Recommendation: No.

Overview Of Genistar

Is Genistar A Scam?

First of all, this is a legitimate Multi-Level Marketing business.

The company states that it offers financial training to middle-income families.

Also, it pays commissions to people who promote its products and recruits, new members, into its system.

Besides, this business claims to have been in operation for about 10 years.

The company earns its revenue by introducing businesses mainly to F&C Investments and Friends Provident.

And since its birth, the company claims to have recruited 700 plus and is targeting to hire 10,000 introducers and agents.

This program is under the “Financial Service Authority” regulation, but its agents don’t qualify to be called advisers.

And the work of these appointed representatives is only to regulate.

These representatives require some professional training to qualify for commission.

And to earn a huge commission from this program, you must be prepared to recruit more agents and build your downline team.

Plus, you’ll be earning commissions from each one of them.

However, if you’ve just started out and you’re looking for a better way of earning money online, you can find out more here:

Is Genistar A Scam?

What Is Genistar About?

Is Genistar A Scam?

This program is a financial business model that provides education and various services to its members.

Besides, it is a Multi-Level marketing business model based in the UK.

And the company claims to have started in 2007.

As a financial institution, it offers its customers financial training.

Also, it teaches its members how to utilize their finances by offering the necessary knowledge that makes them wiser in financial matters.

Further, the company believes that the only way to improve people’s living standards is to utilize finance properly.

And its primary objective is to help people achieve their financial freedom.

Since this program is a multi-level marketing business model, it runs an affiliate program that allows members to earn commissions by promoting the company’s services.

Who Is The Founder Of Genistar?

Is Genistar A Scam?

The brain behind the formation of this program is called Jeff Lestz.

He is the company’s CEO.

Jeff is an entrepreneur with experience in financial management.

Plus, he is alleged to have been in the financial management industry since 1975.

He is a known figure in the financial management field.

Apart from his CEO role in this program, he is also a public speaker and an author.

What’s more, he has been advocating for financial freedom for several years.

Jeff has never given up on creating awareness about the need for financial freedom.

How Does Genistar Work?

Is Genistar A Scam?

This is a digital platform that provides education and training services to its members.

And they facilitate this by providing a plan for financial management and training courses.

Additionally, it also allows its members to make additional income through its multi-level marketing program.

In addition, this program allows you to make more money by promoting the company’s products.

Product Categories

This program has four categories of products on offer.

And these financial services include;

Finance

This is a formal training course designed to teach you the best way to manage your finance.

Besides, it will also help you to up your financial knowledge.

Additionally, in this course, you’re trained on how to plan for your future goals that will eventually give you your desired financial freedom.

Personal

This program gives you both physical and online courses to help you improve your financial status.

And you will learn how to manage your salaries and expenses from this category.

Also, you will also learn the best way to save your money for future use.

Education

In this section, you will get one-on-one professional advice on the best way to improve your skills in financial management.

Financial

This is a more advanced financial course that will equip you with advanced & technical accounting skills.

Also, it provides you with a theoretical blueprint that you can apply in practical aspects.

Important Post: Traffic And Funnels Review

What Is The Cost Of Joining?

The requirement for joining this program is $140, which is payable once.

Plus, this amount is only meant for a subscription.

Other requirements are;

  • 2 live interviews for clients
  • Take a five-day training for affiliate membership
  • Study a manual guide before doing the exam
  • Do Genistar’s multiple-choice exam.

Although the company requires only $140, there are other additional costs that you’ll eventually incur as a member of this program.

These additional expenses include training, marketing, and fuel, among others.

Another challenge with this platform is that they are selling expensive products.

You might purchase that expensive course to help you improve on what you’re selling.

How Does the Compensation Plan Of This Program Look Like?

This program allows you to make money from it in two ways;

  • Retail Sales
  • Residual Rank

Since this program works with the MLM structure, you can work as an affiliate to earn commissions.

And this involves recruiting new members to this platform.

When you join the affiliate program, you stand a better chance of making more income through commissions and bonuses from your downline team.

The compensation plan of this program has been structured based on the two earning categories.

Once you register and activate your account, you become the beneficiary of this compensation plan.

Here is the breakdown of the financial plan:

Retail Sales

This compensation plan gives you a commission of 25% whenever you sell any financial education service.

Residual Rank

This plan gives you a commission from every sale made by your downline member.

The percentage commission will be determined by the level you are in.

Also, this program applies the common ranking structure used by most MLM businesses.

In this structure, you earn a higher commission based on your ranking.

But if you’re looking for an alternative to start earning money as a beginner, then you can see what I have been doing so far:

Is Genistar A Scam?

Is Genistar A Scam?

No, It is NOT a SCAM.

This program is a legitimate platform that has been doing business since 2007.

And this company claims to have helped several people attain their financial freedoms and change their lives.

Contrary to what others may think, this program is an established multi-level marketing business selling legitimate services.

Also, their main objective is to provide education and training on financial matters.

Besides, this program has been advocating for financial freedom over the past years.

An additional factor that supports their legitimacy is their ability to pay what is due to their registered members.

However, most platforms related to MLM will always expose their clients to situations where they can lose a lot of money.

This is a result of additional expenses they will meet in their operations within the platform.

Additionally, some people are also speculating that Genistar might be a hibernating pyramid scheme.

But the fact is that it is not a pyramid scheme.

This claim is attributed to this program’s affiliate’s use to recruit new members.

Also Read: Is IT Linker A Scam?

What I Like About Genistar

  • No Monthly Quota

Most Multi-Level Marketing platforms impose monthly quotas on their distributors.

And these quotas will put too much pressure on their distributors to sell their products.

Even though this is a positive thing about this program, I still don’t recommend it.

  • Established Company

In most cases, MLM platforms do not stay for long in the market before collapsing.

Sometimes, they resurface with different names to avoid suspicion when they collapse.

However, this program has been in operation for over ten years, thus making it a bit better.

What I Don’t Like About Genistar

  • Expensive Membership and Product Cost

The cost of registration, which is $140, is too expensive and inconvenient.

In addition to their registration, their services are costly.

  • Does Not Show Its Compensation Plan

This program does not want to show you its compensation structure.

And you’ll only get access to their compensation plan once you register and commit your membership fee.

  • No Earnings Without Recruitment

This company is not only into services provision; as an MLM, it aims to recruit as many users as possible.

And to survive on this platform, you must put more effort into recruiting and building your downline team.

Besides, you won’t make any earnings if you don’t recruit new members.

Thus, your chances of success on this platform are very minimal.

Is There Any Alternative to Genistar?

As I mentioned before, there are other viable digital business opportunities that you can start.

And some of these opportunities are budget-friendly and easy to start.

So, my topmost recommendation is affiliate marketing.

And if you dive into this business model, you’re setting yourself free from being broke.

Affiliate marketing is highly profitable, easy to start, and budget-friendly.

Give it a try, build it and be ready to enjoy the fruits of your efforts.

Check out more details about affiliate marketing on the next page:

Is Genistar A Scam?

FAQs about Genistar

How Do I Build My Downline Team?

This program promises to equip you with the necessary training to help you get new clients.

And since the company uses a referral system, they have committed itself to delivering quality services.

Is Genistar a Pyramid Scheme?

No, it is not.

It is a registered company under the regulation of the Financial Conduct Authority.

The company adheres to and complies with strict ethics and regulations put in place by FCA.

Does It Offer any Training?

This program offers training to its members to ensure their competencies.

And this training will help to upgrade their representatives on the current developments in their line of work.

Currently, this program is offering a training program called Continuing Professional Development course.

How Much Can I Earn From this program?

The amount you’ll earn from this program depends on the efforts you invest.

For instance, you’re likely to earn between 500 to 1500 Euros per month if you work 6 to 8 hours every week.

Does Genistar have Monthly Quotas?

This program does not pressurize its members to meet a minimum sales requirement per month.

And members of this program have free in how much they sell.

As such, this is contrary to what other MLM business models do.

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