General Information:
Success University is a multi-level marketing program started by Matt Morris in January of 2005. It has also been identified as a pyramid scheme by newspapers. Success University does not employ any professors and does not have any premises; instead members are offered online courses on topics; such as, success in business or physical well-being.
Members have to give an introduction fee and are encouraged to ask other people to join in exchange for part of the benefits.
According to report by the Bank of Namibia, Success University presents the features of a pyramid scheme, and they have estimated that about 88% percent of the participants eventually fail, with only a minority at the top of the pyramid, building benefits. They acknowledged Success University illegal in 2008. In 2009, Success University has been acquired by World Ventures, a similar multi-level marketing program based on selling holiday opportunities.
Success University Compensation Plan:
As a member of Success University, you are enrolled as a student. As you go through the course work and help others, you can earn an income.
Acting as an admissions councilor, you will share information and facilities personal development opportunities with the intent of enrolling students into Success University. The program is a binary payment structure that possess some simple requirements.
To begin earning commission, you are obliged to first enroll 2 students and place them on each leg of the binary structure.
There is a monthly tuition fee required from each member in the amount of about $50.00.
Weekly Fast Start Bonuses:
For every premium student you enroll, you earn a weekly fast start bonus that ranges between $20-$40, depending on the level you are at. The higher the level, the more money you earn. You are paid the difference between you level and the next level below; meaning, the income you can create from each leg is endless.
Weekly Dual Team Infinity Bonuses:
Once you start enrolling, you are given admission to a tracking center that maintains a close track on your within your organization. The tracking center has two teams, the left and the right team. As you create a weekly earnings, you are obliged to enroll at least one student onto each team. You can earn a weekly commission of $40.00 if you enroll six premium student.
You can earn up to $10,000 per week with the weekly dual bonuses.
Monthly Dual Team Infinity Bonuses:
Being a qualified premium student in Success University will permit you to earn $40.00 for every monthly tuition paid all through your organization each month.
You can earn $40,000 per month with the Dual Team Infinity Bonus.
Success University Trainings:
Success University provides instruction on topics of business, finance, personal empowerment, and personal development.
You have the capability to take a number of courses that are either achievement or elective courses. The achievement courses usually give you one lesson each day and up to about 20 lessons. Whereas, the elective courses are generally audio and/or video presentation that last about an hour. Each completed course will earn you credits. Half of the credits should come from the achievement courses. Once you have accumulated a specific number of courses, you move forward to the next level. But, before advancing, you have to pass a test, usually in multiple choice format, and pass with a score of 80%. If you don’t pass, you must take the course again. Once a course is passed, you obtain a certificate of achievement.
In Success University, you will gain knowledge of personal and professional skills. Topics covered are business, , network marketing, and personal development. The goal of these courses is to help become successful in your personal and professional life.
Success University does offer free bonus packages that cover other topics; such as, CD’s with instructions on building a network marketing business and sells strategies. There are also motivational CD’s with information on building a network marketing business and sells strategies. There are also motivational CD’s that cover health and wealth subjects.
You receive training on building relationships with your prospects, and training on the compensation plan provided in Success University.
As a member, you have access to the back office that provides supplementary bonuses, resources, banners, ebooks, and more instruction that will help you with your Success University business. There are other instructions in your back office to help motivate you.
Also, provided in the back office is a document library that has all of the forms you need for your business, help desk, frequently asked questions, brochures, business cards, account management, lead manager, and boot camp training. There is also a Success University forum for support and first steps training to help you get started with your advertising.
Boot camp Training:
When you join Success University, you will immediately have access to the Success University Bootcamp trainings in your back office. The Boot camp trainings provide a step-by-step action plan to train you on building your Success University business.
Some of the contents of the Bootcamp action plan covers a number of marketing strategies to help advertise your Success University. It is essentially shows you how to use the web to generate leads for your business.
Without the ability of having access to information on the exact kind of marketing strategies taught in Success University, I cannot authenticate the types of strategies, but I did see one article that stated that the type of marketing trainied in the boot camp are typical of affiliate marketing. Those of you not familiar with affiliate marketing, the techniques used usually include blogging, pay-per-click, article submissions, video marketing, and more. This same article also stated that offline marketing methods are taught.
Conclusion:
Overall, it looks as if Success University has recovered from its “pyramid” scandal. Even though the payment plan seems typical of most network marketing and mlm company, what is not typical are the trainings. Success University appears to provide good training to its members, which, I believe, is not only to essential to the members but also is essential to Success University. Also, it is not just any kind of training; it is training on personal development and on marketing online. These two trainings, once members put into use, will mean more success for the Success University student and which will inevitably help Success University’s bottom line.
It is my belief that, the advantage a marketing system has over Success University is that not only does a marketing system train individuals on how to market their business using the internet, but it also provides a funnel that allows one to earn an income that can be used to pay for all of the marketing. In fact, once one learns how to generate a significant amount of leads per day, he or she could earn a full-time income in just 30-90 days. There is no waiting on building a down line. All of this is provided while you are building your down line in Success University. Once an individual goes full time working from home, the Success University student could be building their down line much more quickly because he or she has more time and more money in which to do so.
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