July 14, 2020
If you're new here, take this quick make money online quiz to discover what route is the best one for you.
You are most likely here because you’ve been told about this opportunity of working at home.
But then, you’ve thought and asked yourself… Is Six Figure Stamp Club a scam? To put you out of misery… Yes, there are a number of signs that show Six Figure Stamp Club is a scam.
But aside from knowing that, we also need to learn if it is still a legit opportunity to make money from home and ditch your career?
This Six Figure Stamp Club review is going to reveal all the answers to that along with pros, cons, images, and videos, to help you come up with the right and informed decision.
The overview and rankings
Name: Six Figure Stamp Club
Founder: Unknown
Type: Cash Gifting MLM
Products (Including Pricing): 2/100
Success Stories: 1/100
Price To Join MLM: $50
Summary:
Six Figure Stamp Club offers lead packages to anyone for a discounted price.
Members can then use the leads to help improve and advertise their business so they can sell the same stuff to others.
Make Time Online Rating: 5 out of 100
Recommended: No
There’s not much information about Six Figure Stamp Club. I can’t even find the name of the founder or the exact address of the “company.” However, there’s one PO box address that popped up, and it’s in Columbus, Ohio.
I also found out that the website of Six Figure Stamp Club was just registered on Nov. 9, 2018, which is still very fresh. But despite that, there’s not much to know about their company.
Nonetheless, I can conclude that Six Figure Stamp Club is a Multi-Level-Marketing company which accepts members who send postcards and letters to anonymous leads.
The recipients are then asked to pay a certain amount to become a member. And once they accept, they can also enjoy the same benefits as the one who sent them the letter who also serves as their recruiter.
Here's an 11-minute video about what they are all about...
The lead packages come in two forms. The first one is discounted and is specifically made for members.
Meanwhile, the second type are in retail prices and available for non-members.
There are a lot of signs that show Six Figure Stamp Club is a pyramid scheme.
Members can not earn any money if they were just to sell whatever it is that they are offering. Instead, they need to recruit people for them to earn some bucks.
However, a better and more accurate question to that should be…
Is Six Figure Stamp Club a pyramid scheme in disguise?
A pyramid scheme is a company which offers members payment for recruiting people rather than selling actual services or products.
Most countries labeled these as illegal as it is impossible for members to earn money from a company which only pays for recruitment.
See this diagram from Wikipedia below to learn why...
Members who earn the most money are those on the upper tier of the organization, most likely being the founders only.
And if you were to closely see the diagram above, you’ll notice that it is just impossible for all of the members to earn money from a system such as this as you are going to run out of recruited people sooner or later.
Know more on how you can check these “pyramid schemes in disguise” in this 5-minute video...
Let's then move in knowing why...
The chances of you achieving success in a company such as this is very low.
In fact, statistics state that between 72.5% and 99.9% of MLM members lose their hard earned money?
This is the usual case because MLMs have a “sales quota” where members can only stay active and earn money if they manage to sell a certain number of products monthly.
If they can’t then the only way they can avoid losing money is by buying the products or services themselves, which still technically means that they’re losing money.
This is why most members lose huge tons of cash from their own savings before recruiting a single person...
Six Figure Stamp Club offers lead packages that come either in retail or discounted prices.
These also have their own mailing materials. Their members then gain an opportunity to work from their own home by selling the products so that they can receive commissions.
Sure sounds like a win-win for everyone, eh?
Well, what many don’t know is that Six Figure Stamp Club saves huge money from their supposed marketing campaigns because they just let their members do all the job in promoting and advertising.
Six Figure Stamp Club isn’t selling any product or service.
What they are doing instead is giving their members an opportunity to promote their affiliate membership to other people, recruiting them, and then earning commissions from the recruitment process.
I verified this on their site and found out that the site is really just offering lead packages available in retail and discounted prices. These also come with mailing materials.
Because of the absence of any physical product or service being sold, it’s easy to say that Six Figure Stamp Club is clearly a pyramid scheme.
Although they aren’t yet closed by the FTC, it’s very possible that they will be shut down in the near future.
Here's another 6-minute video of what they're actually offering...
Take note, though, that it isn’t only Six Figure Stamp Club that’s into this kind of business model, as there are also other MLM brands that follow a similar structure.
You may think that it's rare to find a MLM that doesn't offer any real product. But here are some other MLMs that don't offer any product at all and only focus on recruiting (*cough* pyramid schemes *cough*):
All of them claim to have a special offering why they stand out even if they just offer the same stuff...
You’re going to have a hard time making money from Six Figure Stamp Club.
There are a few, but they’re just the ones on top, most likely the founder and a few of his other founding friends.
What’s worse is that there’s no income disclosure to prove that their members are actually making money...
There is only one way you can make money from Six Figure Stamp Club, and that’s by:
Recruiting members
To make things far worse, you are compensated directly for recruiting a person, which makes it even clearer that Six Figure Stamp Club is a pyramid scheme...
You have 4 package options to choose from if you’d want to become a Six Figure Stamp Club member.
These are:
What MLMs usually do is complicate their compensation plans. Well, nothing’s different with Six Figure Stamp Club.
But don’t you worry because I’ll still do my best to simplify things up…
Their compensation plan is split into their 4 different levels.
These are:
Check out this 20-minute video about their compensation plan to get your head around this a bit more:
Sounds simple, right?
But hold your horses because there’s a simpler explanation to that, and it is that you can only earn money by:
Recruiting people
If you’d like to know more about this, then check out this 0-minute video about their compensation plan...
Yes, there are a lot of signs that prove Six Figure Stamp Club is a scam.
First off is that their address is listed as a PO box instead of an actual address. That’s already a clear sign that they’re a scam because they are hiding their exact address.
Second is that their offerings are intangible and don’t offer any value.
Third is when you check their site, you can see that the details they talk about there are explained in very vague terms which just confuses people...
You even have to pay your recipients and the company when trying to reach out to them for recruitment.
Then there’s the absence of an official compensation plan and income disclosure. These two documents are vital to prove the legitimacy of any company...
All these are common signs of a pyramid scheme.
Just to be fully transparent with you, I am not a distributor myself and I do not endorse it in any way.
I have researched the website, testimonials and information on the Internet to get to the bottom of what this program genuinely does. This is because I have been burnt from programs just like this in the past and I want to prevent others from making the same mistakes. If you’d like to learn how to “Spot an Online Marketing Scam” then click the highlighted text.
Tired of MLMs? Check out how I make money online here!
As much as I’d want to find something nice about Six Figure Stamp Club, I still can’t.
It’s way too obvious that they’re a scam and an outright pyramid scheme...
Key Terms:
The biggest and most obvious sign that they are a scam is that they don’t offer anything valuable.
They don’t sell any product or service.
Instead, they just let their members send out mail to anonymous recipients that invite them to become a member.
When one of those recipients agree, the sender member can then earn money. The recipient then becomes a member and can repeat the same process.
It doesn’t need a genius to reveal this as a scam.
Open their website and you won’t see anything valuable as well. It just lacks information as to what the company is, who its founders are, and what they’re all about.
Aside from that, they also don’t have a compensation plan and an income disclosure to prove and show that their members really earn money!
Six Figure Stamp Club is all about sending multiple anonymous people mail stamps and inviting them to become a member.
Once they accept, you earn bonuses. Meanwhile, they can also earn bonuses once they repeat the process and also send mail stamps to others.
Here's what that looks like:
The fundamental core of their business model is earning money by recruiting people into the company, and nothing else.
Once the pool of people who are gullible enough to join the company runs out, then it’s sure that Six Figure Stamp Club will collapse with it also...
The final deal breaker for me is what I discovered in Google Trends:
As you can see, Six Figure Stamp Club has a falling trend, which means that the number of people who are searching for it on Google has decreased.
I even compared it with Farmasi, a well-managed and legit MLM and you can see the striking difference between the two… You’re going to have a hard time selling the idea of a cash gifting MLM to others.
Six Figure Stamp Club is just littered with flaws and with obvious signs of being a scam and an outright pyramid scheme.
They don’t sell a single product or service, is way overpriced, and relies mainly on recruitment.
So, what can I say about the business opportunity presented here?...
It just isn’t hard to see that this company is a plain joke.
However, there are other ways you can make good money from a legit business opportunity...
MLMs are not scams or illegal. However, I'm not a fan of them because of the restrictions to the expensive products you have to promote.
Once I learnt about affiliate marketing, I realised it's a far superior business model because:
In 2018 I had no idea what affiliate marketing was.
But I went from a full time PE teacher to making a passive income online within one year...
If you want to discover how I did it then check out this special video I created which explains exactly how. You can also get your free 7-day bootcamp to get started.
Best Affiliate Marketing Courses: The best, most popular, and highly effective affiliate marketing courses are reviewed here in deep detail, alongside their features, content, pros, cons, and more.
Read MoreYou probably know that many MLMs produce income disclosure statements. But these statements are often deceptive, misleading and even leave Sherlock Holmes confused. Chances are you’ve been looking for a legit way to make money from home for some time now. And there are new MLMs created every day. With the low barrier to entry, many people consider
Read MoreFind out how to make money from a blog quickly in this blog income reports study. 57 income reports reveal the most important way for you to make money is..
Read MoreDownload our free 7-day bootcamp to learn how thousands of people make a passive income online with proven long term strategies.