There is no information on the eDigital Wealth website representative of who owns or runs the business.
eDigital Wealth Review
Registered on March 14, 2016, the eDigital Wealth website domain, edigitalwealth.co registration is set to private.
Additional research discloses eDigital marketing videos featuring Steven Seppinni.
Seppini is accredited with designing eDigital Wealth’s compensation plan. Seppinni mentions that eDigital is in the possessive, signifying that he owns the company.
Steven Seppinni first became known to us as CEO and Founder of Malibu Mastermind.
eDigital Reviews Continued
Malibu Mastermind launched in the beginning of 2014 and promoted monthly online marketing training subscriptions.
Malibu Mastermind collapsed shorty after launch and was relaunched as Prosper Everyday in early February of this year.
A visit to the Prosper Everyday website discloses a parked domain, suggesting the company didn’t last very long.
Read on for a complete review of the eDigital Wealth MLM opportunity.
Product Line For eDigital Wealth
Always a familiar place to talk about these starter companies products or lack thereof. Other than costing $100 and $500, there is no other information about eDigital Wealth’s products on their website.
eDigital Wealth Compensation Plan
The compensation plan has their affiliates sell a $100 and $500 product.
In order to meet the requirements of a commission, an affiliate must either purchase or sell the $100 and/or $500 product to a retail customer.
The catch – Both products must be qualified for separately.
So onto the next section which details retail and recruiting commissions.
Retail and Recruitment Commissions
Retail and recruitment commissions are the same in eDigital Wealth.
Selling the $100 product to a recruited affiliate or retail customer produces a $50 commission
Selling the $500 product to a recruited affiliate or retail customer produces a $150 commission.
Commissions are paid out using a perpetual 1-up plan, which is paid out through a uni-level compensation construction.
A uni-level compensation construction puts an affiliate at the top of a uni-level team, with every personally recruited affiliate placed directly underneath them at Level 1.
From there, if a Level 1 affiliate recruits new affiliates, they are put onto Level 2 of the original affiliate’s uni-level team.
If a Level 2 affiliate then recruits new affiliates, they are put onto Level 3 and so on and so forth down a hypothetical endless number of levels.
An affiliate’s 1st sale produces a commission they are able to keep. The 2nd sale commission is delivered up to the affiliate who recruited them.
- the third sale commission is kept
- the fourth sale commission is passed up
- the fifth sale commission is kept and
- the sixth and every fifth sale thereafter is passed up
Check Match Bonus
eDigital Wealth affiliates can supposedly earn a 100% check match bonus on commissions earned by personally recruited affiliates.
To initially qualify for the Check Match Bonus, an eDigital affiliate is required to recruit 2 affiliates.
Check Match qualification prerequisite is preserved by making at least 1 retail sale every 30 days.
Joining eDigital Wealth
eDigital Wealth affiliate membership is $45 and then subsequently $14.95 per month.
eDigital – The Reality
Look, eDigital Wealth is, crazily, the 3rd reboot of Malibu Mastermind, although it’s much more meticulously modeled on Prosper Everyday.
With eDigital Wealth, you have products that don’t really matter (as evidenced by information currently available on the eDigital Wealth website), coupled with a pass-up compensation plan.
Validity needs to be well-defined by retail sales, which are only mandatory if an affiliate wishes to earn the check match bonus.
Seemingly, on its own, this is a decent enough effort by the company to drive retail sales. The problem, however, is that eDigital Wealth’s products are probably not going to be retail viable.
This is roughly the same thing that eDigital Wealth shared with both Malibu Mastermind and Prosper Everyday.
And, I can’t emphasize this enough, the very first thing you will notice when you visit the eDigital Wealth website is the message “who else wants to… make money online”.
Directly below that message is a stock photo of a guy holding a laptop with money flying out of it. Nowhere, and I repeat nowhere, on the eDigital Wealth website is there any information whatsoever regarding the company’s products.
eDigital Wealth – Conclusion
What does this matter? Well, quite clearly, this company is only marketing the attached MLM income opportunity.
Recruitment is obviously taking preference over retail sales.
What you should be asking your potential eDigital Wealth upline is how many monthly retail sales they’ve made and compare that to recruited affiliates.
You should be looking for a healthy mix of retail and recruited affiliates, preferably weighted towards retail.
If retail activity is non-existent beyond once a month for matching bonus requirement, the it is extremely likely that eDigital Wealth is operating as a chain-recruitment scheme.
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