Look no further! You’ve come to the right place if you’re looking for an honest Freebay review.
Several people have been talking about Karatbars and Freebay lately, so I thought I’d see the deal and check them out.
To see how it works and what they offer, I’m going to review the company’s information, products, and compensation plan.
I’ll also provide you with my final assessment regarding the company based on all my findings, so make sure you stay around until the end.
With that said, let’s get started and see what Freebay has to offer!
MLMs like Freebay are a bit of a mixed bag. They CAN be a legitimate way to make money, but some have a reputation for literally ruining people’s lives – so it’s important to know what you’re getting, since each one is unique.
Like most of my readers, you were probably introduced to this one via a friend or some influencer you trust online.
And it makes sense why so many people recommend them:
Making money outside of a 9-5 can be… life-changing, to say the least.
So in this article, I want to help you explore two things:
- If MLMs are actually a worthwhile business to pursue
- If Freebay is a worthwhile MLM
Before that, I want to clear the air on something.
There are A LOT of people out there who bash all MLMs in any form. However, I’m not one of those people.
Instead, I want to genuinely educate you about them so you can make an informed decision on how to proceed.
If you’re unfamiliar with what MLMs actually do:
They’re businesses in which you pay money to a company for the ability to sell their products.
Sometimes the products are actually kind of decent (I still remember my mom throwing Pampered Chef parties when I was younger).
Other times the products are really poorly made and come with a high price tag.
Typically, the only way to really make money is to get people (mostly friends & family) to sign up with you for a recurring subscription.
If the product is 100% legitimate & valuable, it’s entirely possible to get people to sign-up and continue paying you.
If the product is subpar, you’ll usually burn those bridges kinda quickly and end up with $0 coming in each month.
The biggest issue I’ve seen is that this puts significant stress on your personal relationships, as you’re reliant on selling to your “network.”
Think about it: if you KNEW that every time your friend Sally called, she’d be trying to sell you on one of her products… you’d eventually stop answering Sally’s calls.
Now, this doesn’t mean MLMs are outright bad… it means you need to know what type of MLM you’re getting yourself into before you sign up.
Again, some MLMs provide real value to people, but MOST don’t – so in this article, I’m going to explore the case with Freebay.
But before that, I want to ask you a question: what if there was a way to build actual recurring, semi-passive income?
- Doesn’t have inventory
- Doesn’t make you sell to your friends & family
- Doesn’t force you to recruit people onto your “team”
Something that you could make anywhere from $2,000 – $10,000 consistently, month after month?
A stream of income that you can build as high (or low) as you feel like building it?
If that sounds interesting, you might want to think about becoming a Digital Landlord.
If you wanna see what Freebay looks like on the inside, keep reading.
What Is Freebay?
In June 2020, Freebay was launched as an MLM company. Jürgen Pulvermüller, a CEO, is also the Head of Global Sales for another multi-level-marketing company, Karatbars.
Freebay, it has been said, is just a rehashed version of the multi-level marketing company Karatbars.
The owner of Karatbar, Harald Seiz, is not named but is implied to be a “partner” in the document.
The FTC has warned that Freebay’s lack of physical goods should raise alarm bells. All pyramid scams have this characteristic.
The only option is to become a member. The only way to make money is to find people to recruit and convince to join the membership program.
According to the FTC, one typical feature of Ponzi schemes is that they promise participants substantial gains via recruiting. Because there are no retail sales of physical or digital things, this is the only source of revenue.
The issue here is that if recruiting ceases, so does revenue. It’s unstable, and when this occurs, the persons in charge typically close the company without paying its members.
Training Tools And Support
Members of Freebay have access to a learning resource called “Freebay Academy.”
A wide range of topics, from social media to cryptocurrency trading, are covered in these videos. Freebay partners may also use the “Trader Academy” nine-lesson training course.
How Can You Make Money With Freebay?
The only way to make money on Freebay is to promote a premium membership that costs money and is tied to recruitment.
Your referral earnings are contingent on either their investment in Freebay’s cryptocurrency or the investment of others they recommend.
Freebay compensation plan is a bit complicated, but here’s a list of Freebay’s affiliate ranks:
- One Star Sapphire
- Two Star Sapphire
- Three Star Sapphire
- One Star Emerald
- Two Star Emerald
- Three Star Emerald
- One Star Ruby
- Two Star Ruby
- Three Star Ruby
- One Star Ruby
- Two Star Ruby
- Three Star Ruby
- One Star Diamond
- Two Star Diamond
- Three Star Diamond
Aside from commissions, Freebay also gives daily investor, generation, and matching bonuses.
How Much Does It Cost To Join Freebay?
The substantial investment is another red flag for Freebay.
You can sign up for free, but if you want to earn money, you’ll need to upgrade to a paid membership plan like:
EVO Academy costs $50 per month or $480 per year.
EVO Expert costs $190 per month or $1,820 per year.
EVO Life costs $480 per month or $4,600 per year.
That is around $58 per month or $561 per year for the EVO Academy. The caveat is that the higher your membership level, the larger the commissions.
If you have extra money, would you really spend it on a new program that is purportedly a rebrand of an old scam? I’m sure you don’t want to lose money.
Is Freebay A Ponzi Or Pyramid Scheme?
The way it seems to work implies a pyramid scheme, but it’s too early to tell.
The obvious cause for this is that funding comes only from recruitment.
When you invite someone, you encourage them to ask someone else, and so on—a pyramid scheme.
Furthermore, since they’re selling V999 as an investment or a source of passive income, it should be registered with authorities. Otherwise, the brand is defrauding customers, and what happened to Karatbars may also happen to Freebay.
To be clear, Freebay has failed to register with authorities, so in addition to the danger of losing your money, becoming a member may get you in hot water.
Are There Alternatives To Freebay?
Yes, there are plenty of MLM companies to choose from if you want to pursue this business model. Here are just a few:
Is Freebay A Scam?
So, time for the $1,000,000 question: is Freebay a scam?
No, not technically. They aren’t going to run off with your money and not give you what you paid for. It’s 100% possible to make money with this program.
That being said, it’s not nearly as simple as they want you to think it is.
There’s A LOT of work to be done upfront, and no guarantee that you’ll be successful. The commissions are also fairly small.
Don’t get me wrong, I’m all for doing hard work now, so that I can reap the benefits later.
But if you’re going to work really hard for 3 months, and your reward is a $100 check… it’s not really a great opportunity.
If I’m gonna do that, I want the rewards to be HIGH and virtually guaranteed.
I’d rather put in that same 3 months of work (in my spare time) & build a handful of Digital Rental Properties that each produce $500-$2,000 checks every single month afterward (AKA recurring income).
And the cool part is that you can do it in a lot less time than 3 months (I personally did it in my first 2 weeks of being a Digital Landlord).
Unlike with MLMs, you can do it from anywhere in the world, so it’s a genuine “laptop-lifestyle” business.
All you need is an internet connection.
Some of my friends are Digital Landlords that run their 6-figure businesses from:
- Camping trips at national parks
- Beachfront in Hawaii
- On the road in a camper van (with a pet pig!)
They focus on living an enjoyable life first, and focus on income second. All thanks to this program.
They can take weeks or months off, and money keeps rolling in.
Living happily is the top priority.
If the thought of living perpetually at your dream vacation spot interests you, being a Digital Landlord might be for you!
What Is My Top Recommendation For Making Money Online In 2023?
I’ve personally tried all of the major online business models:
- I’ve sold fidget spinners through Amazon FBA
- I’ve drop-shipped a toilet bowl putting green on Shopify
- I’ve sold women’s health supplements via Clickbank affiliate marketing
And I made money with all of them, so trust me when I say: there is no “perfect” business model.
I’ve also been on the other side of old friends trying to sell me their fancy new MLM products.
That being said, my #1 recommendation for making real money online is, hands-down: being a Digital Landlord.
Whether you’re a complete newbie, or you’ve been around the block before but have never had that “big win” to propel you forward, becoming a Digital Landlord is for you.
Time: If you’ve got a spare hour or two each day, you can do this. If you want to drop everything and go all in, you can do this. More time obviously means faster results, but even putting in a few hours per day is enough to see real success.
And because of that flexibility, you don’t need to trade your time for money. Once the income starts, it’s recurring.
That means you can take a month off, travel the country, pursue a passion project, chill on the beach, or charter a boat across the world.
But you can only do that once you’ve created an income stream that doesn’t require YOU to be there all day, every day.
Ownership & Control: With MLMs, you don’t really “own” anything – everything belongs to the MLM.
If you read the contracts, they can kick you out or change your commission at any time (it’s happened in a few high-profile MLM cases recently).
Why pour your soul into a business that could be taken away from you at the drop of a dime?
When you’re a Digital Landlord, you literally own all of the assets, which means you have ultimate control.
Big Margins: With MLMs, you’re often going to have really slim margins. That means you need to have a VERY large network to make serious money. This usually entails spending A LOT of money on ads and other methods for recruiting members.
Being a Digital Landlord, your profit margin is nearly 100%. Watch here to learn how.
Just a reminder: these Digital Rental Properties are worth (at a minimum) $500/mo in semi-passive income. And each time you create another one, your income increases, and the effort put into creating the next property decreases.
Best-case scenario, you have properties bringing in over $3,000+/mo on auto-pilot.
It’s Effectively Copy-Paste: Here’s my favorite part: once you have your first Digital Rental Property up, you can literally copy-paste another version of it and find another willing “renter” in a few days. DOUBLING your income doesn’t get much easier than that…
If you wanted to double your income with an MLM, you would need to sell twice as much inventory. And I can guarantee you, that’s a lot harder than a few clicks & a phone call.
You’re Helping REAL People: My biggest gripe with MLMs is that you’re likely going to ruin your personal relationships.
The MLM may have convinced you that you’re actually helping people, but it’s often not really true.
But when you’re a Digital Landlord, you’re helping solve REAL problems that people are ASKING for help with:
Small local businesses around the world need one thing: customers. Without them, their business would fall apart. If you can provide those customers, they’re going to be really happy – and they’re going to pay you for it.
You’re helping a struggling mother or father put food on the table for their families, put their kids through college, or simply live life a little bit more comfortably.
Having this type of impact on the world is what will help you sleep soundly at night.
So, the rest is up to you. You could keep looking at other MLM programs like Freebay, which might make you money 12 months from now.
You could keep researching and researching for the next few months (or few years), never making a concrete decision.
OR, you can look deep inside, think about those dreams, hopes, & desires, and make the decision to ACTUALLY make it happen, just like it has for thousands of other students before you.
Making a fortune while actually helping real people that need it.
If this sounds like you, click here to see how it all works.