It seems a lot of people are looking to find out if PrelaunchX is a scam or not, and understandably so. Their site does not give a whole lot of information about it. If you haven’t run across it yet, they are offering $100 in a Forex account which they will trade for you if you just sign up for free. Doesn’t seem like a bad deal at all, and they fail the number one check for most scams, they do not require any money upfront. They also have a referral system where you can get $100 commissions for every direct signup and $20 for anybody in your downline (folks that signed up from the links your direct refferals sent out). PrelaunchX will unlock those payments if you get just 3 people to sign up. They even give you a few people in your downline without you doing anything, but those people do not count towards unlocking your downline commissions. I have 7 people in my downline so far and have unlocked my circles 1-5.
I’ve noticed quite a few people are searching for how to get paid, so here it is. You have to buy the product that they are selling once it is launched, and likely the people that are in your downline have to sign up as well to get your commissions from them as well. Now doing a few quick calculations, most commission programs pay about 20% to affiliates, so if you’re getting paid you can reasonably expect the program to cost about $500, which isn’t too bad if you’ve already built up a respectable downline. But if anybody underneath you doesn’t have a reasonable downline you can expect them to bail as soon as they realize this, cutting your commissions out from underneath you. So if 3 or 4 levels down a few people bail, then the risk of the folks in your direct downline (level 2 or 1) are going to bail as well, cutting even MORE commissions from you. Before you know it your commissions will likely be a fraction of what they were before the product launched and you will end up owing money in order to join instead of getting paid.
So how do you combat this? Get to know the people in your downline, limit your marketing efforts to people you know directly. That way you can be informed if they decide to bail, and possibly convince them not to bail once it launches. If you have an email list, then you have a fighting chance, but its better with people you can speak to directly. Create a support group for your downline and market that support group, help your downlines grow and you might just get somewhere. As for me, I don’t know a single person in my downline because the site does not tell me their names or email addresses, so I’m going to be sitting all by myself when the site launches and likely be one of the many to bail out without purchasing the product; although I have long wanted to get into Forex trading, I will hold out and wait until the site launches to see if it’s worth the money they are asking for it.