Leafit is a re-branded company that used to be Leaf International. At one time their focus was on a social network site that sold advertising on their social network. This is still true, but there is a little more focused on an app that is still in beta as I am write this. Here is my complete Leafit Review.
Just so you know I am not in Leafit and your decision to join that company is all up to you. My purpose of this Leafit review is to give you a clearer idea of what the company is and also share a few red flags that I found while researching this company.
Leafit Review: What Is It?
Leafit is company that offers a social networking site that offers people a way to make money through the site by posting content on that social network site. It seems the idea was to pay the users a percentage of the ad revenue.
At this time, this has moved on to using an app similar to Instragram. Each picture that is posted is connected with a market place. The app searches for items in the picture and finds the least expensive website to buy the product from. This website is posted along with the picture so users can purchase that product. You can also tag the photo to add more products and websites to the photo.
If anyone buys the product from the picture from the website the app picks, you receive a commission. My guess is the commission is very low. You maybe splitting around 5% commission on sale from a website (like Amazon) with Leafit.
There is part of a what is called a Social Web Optimizer (SWO) this is a place where users can go to view advertisers websites. This also allows the user to participate in what is called a Daily Advertising Rebate. More on that later.
Leafit Review: The Compensation Plan
It is free to be an affiliate of Leafit. This allows a person to use the app and make sales from the app. The person will also be able to earn 10% on people who become associates of the company.
Note: At this time that App is in beta testing and only available for people with invites.
To join the company to become an associate there is a $48 annual administrative fee and a $40 monthly builder package. The builder package allows a person to participate in the 3X9 forced matrix, gives $100 in advertising, back office, sales funnels, and distributor support.
In addition to receive commission from the first 3 levels of the matrix, a person needs to recruit at least one associate. To get commissions from all the levels, a person needs to recruit at least two associates.
The first level has a 10% commission, levels 2-7 has 5% commission, and levels 8 and 9 has 10% commissions.
The Daily Advertising Plan allows a user to receive 1.5% - 4% based on the advertising sales rate of the day. To receive participate of the Daily Advertising Plan, a person needs to visit and rate 20 websites on the SWO. A visit is staying on the site 20 seconds. Of the 20 sites visited 3 must give a more advanced rating. The person must also post an ad or Leafit on an website picked by Leafit.
Each ad credit equals $1. A person is able to cash out 70% of the earnings from the Daily Advertising Plan. This include purchasing 30% of advertising back into the SWO to cash out.
Leafit Review: My Opinion
I am not a huge fan of a company paying out ad revenue to the users. It does sound great, but numerous companies have tried this and closed down very quickly. Basically, the company has to put up a lot of ads on the site to try to cover costs. This results in a very poor user experience. To make matters worst, advertisers are not willing to pay to advertise on those sites.
This is backward from the way many social networks have started. Many never relied on advertising until they were already well established. If you look at Google+ there is no advertising at the moment on the website.
Not to mention these type of ad revenue type leaves a company open to the charge of being a Ponzi Scheme.
I often like to look at the leadership of company. The CEO, Lawrence Sowell, appears in most of the videos for Leafit and comes across as a great guy. There is not much on him from a search other than just social profiles.
The co-founder is Steve Heiman, not much information on him is online. However, it seems that him and Lawrence did start a company name Get 2 Marketing in 2007. On Steve's LinkedIn page, he has Leafit listed but as a past job and has Owner of Get 2 Marketing as his current position. The website or Get 2 Marketing it up, but all the links do not work at this time. Also the Get 2 Marketing Facebook page has updates about Leafit.
The other positions listed on their website is VP of Sales and Master Associate. Michael Green is the VP of Sales. He was brought over from ZeekRewards that was shut down for being a Ponzi Scheme. He was the senior executive at ZeekRewards according to his LinkedIn profile. He was not charged with any wrong doing from ZeekRewards.
The Master Associate is Vaughn Tarver. He was involved heavily in promoting the company BidXcel, this company shut down early in 2013. From some Youtube videos it seems he brought some people over from BidXcel to Leafit after BidXcel shut down.
This is not to disparage none of the leadership at Leafit. Everyone has a past and this is just their past and they may be very open with the associates of Leafit about this. They could have learned very valuable experience that they can bring to Leafit. I do not know.
Leafit itself seems to have a history of its own. It went through several name changes from Leaf International and then Vleaf to now Leafit. It does seem that they bundled things together from past reincarnations of the company to bring us to today being named Leafit and the focus on the new app that is to be released.
The company has shifted its vision from a business model paying out of ad revenue to more of social network focused around an app. There is no mention of the SWO or the ad revenue payout on the new Leafit website even in the compensation plan document found on that site.
I am not here to say to join Leafit or not to join Leafit. That is your choice.
I could not recommend it in my Leafit review. I wish Leafit a lot of success and that many of it associates are able to meet and surpass all their goals from being in Leafit.
Real People, Real Training, Real Results.
What would your Leafit review be? Leave a comment below.
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The Original Post Is Here: Leafit Review