Welcome to my INBS Review! If you are wondering is International Network Business Solutions legit or a possible a pyramid scheme, I'm here to help you find out!
First of all, I want to congratulate you on taking the time to do your research. It's the only way to avoid all the scams out there and find the business opportunities that work.
Network marketing, especially when combined with cryptocurrencies is always a cause for concern because both of these spaces have had their fair share of scams and Ponzi schemes.
So you are right for being concerned. I had a look at this brand new company and I'll show you what red flags to look for in typical Ponzi schemes.
Before we continue, I want you to know that I'm not affiliated with INBS in any way or form.
I just check out online money-making opportunities for my readers and recommend the ones that can help you find more meaning in your work. I.e. earn you a legit honest income doing things you like.
So I do recommend products from time to time and my site does include affiliate links to them. I only recommend products I trust 100% and so I offer you my full support if you end up buying through my link. It costs you no extra of course.
Now that we got that stuff out of the way, let's look at what INBS exactly is!
What Is INBS
INBS is a brand new network marketing company that focuses in the cryptocurrency Ethereum. INBS stands for International Networking Business Solutions.
According to their website INBS "was born as one dream team group came together to create the most unique and passionate concept the world has ever seen".
The concept apparently being an entrepreneur based economy that uses blockchain technology to give complete transparency to all parties, i.e, business partners, retail shops, and consumers.
Furthermore, their goal is to give every individual the opportunity to create a networking business of their own and participate in the "most amazing" blockchain technology to date.
So if I understand this correctly, they are creating a blockchain-based network marketing business, where each individual within the system has the opportunity to create income by selling products and recruiting additional members.
That's basically what networking business usually means.
They have apparently created a mechanism in which their clients and third parties get compensated for their roles. The INBS mechanism apparently benefits both clients and third parties by closing the gap between clients, retailers, and companies in the off-line market as well as the digital market.
INBS is currently operating in 109 countries and they have over 30 000 partners (I presume this means individual sales reps).
They have partnered with Mainston to produce the Ethereum based Blockhain functionality and with Swiss Creative Lab to offer physical luxury products.
So yeah, seems a bit cryptic and complicated to me. But this is fairly common with network marketing businesses, especially in the technology space.
So let's see what exactly would you be selling as a sales rep.
INBS seems to mainly sell European manufactured cyanobacterium phycocyanin colored health beverages. Phycocyanin apparently has some health benefits but they don't really disclose what.
- Rhin Blue. Their flagship product that gives a "Power effect". It contains apparently this Phycocyanin (blue dye?) and some caffeine and taurine. So basically a Red Bull without the guarana.
- Phycocyanin Life Source 10K: This s their most powerful product that contains the highest concentration of Phycocyanin.
- Phycocyanin Liquid Spirit 5K: This formula contains vitamin C in addition to the Phycocyanin
People Behind INBS
The Executive team behind INBS is:
- Sandra Colin, Founder & Chairwoman
- Patrick Colin, Founder & Chairman
- Fabrice Kerherve, Founder & President
I did a short background check on all of them and it seems that all three were involved in a network marketing business called Flash4People. You can read that company's story at Journal Du Coin if you understand french. I just translated it with chrome to English and it was comprehensible.
Also, BehindMLM did a story about Flash4People that might be worth checking out for yourself.
What Is Network Marketing?
If you are not familiar with network marketing, aka multi-level marketing, aka MLM marketing, it's a business model where each individual of the network becomes an independent distributor to the products of the company.
Meaning that as you join the network you get the opportunity to sell the products to consumers and to recruit additional people into the network.
Pyramid schemes use this same business model but the key difference is that there is virtually no intention to sell products to consumers, only to recruit more people into the system. Each member has to pay a participation fee and the money goes up several levels of recruiting above you. Sounds complicated? Check out this video:
A Ponzi scheme is a similar scam that often utilizes network marketing. People join Ponzi schemes as an "investment opportunity" and the ones that get on early will usually see dramatic income.
What they might not know is that the interest in their investment comes from the participation fees of the people below them. Not from an actual increase in market value.
It's important to understand the difference between network marketing and these schemes so you can spot the difference. Network marketing is a completely legal business model in most parts of the world.
Is INBS Legit?
To be honest there is too little information currently to make an educated guess so I'm going to give INBS a benefit of doubt and presume they are legit since there is no evidence currently suggesting they wouldn't be.
The website looks fancy, the people behind it are real, although a bit controversial. To be honest, my biggest concern is that the founders of INBS seem to have a history in collapsed MLM companies that some have considered Ponzi schemes.
There are two things I always recommend you consider when joining a business opportunity like this:
1. Does it sound too good to be true? I.e. are they promising unrealistic profit margins or promising easy money without any work? Any legit opportunity will always tell you there's work involved and make no guarantees about income.
2. Do they have obscure investment products that are hard to comprehend? Never invest in anything that you don't completely understand the mechanism behind. If they can't explain it to you, walk away.
If they explain endlessly in complicated jargon and give you the runaround, walk away. This is the M.O. of most crypto Ponzi schemes.
Many people don't understand what a blockchain actually is for example. It sounds fancy and complicated so it must be profitable, right? Often it's just smoke and mirrors my friend.
If any of those is a yes to you, I would personally invest my money elsewhere. If INBS seems like something you want to invest in, make sure you only invest money you can afford to lose. This is my advice on any high-risk investment.
Is INBS A Pyramid Scheme?
If you are wondering if INBS is a Pyramid Scheme I recommend you start by reading my article how to spot a pyramid scheme
Since INBS is a network marketing company there's always the risk that it will turn out to be a pyramid scheme, but currently, there is no evidence of that.
I like to ask three questions when assessing if an MLM company might be a pyramid scheme:
- How old is the company? Pyramid schemes are generally very shortlived.
- Are there tangible or even digital products being sold directly to consumers, or only to new recruits? Pyramid schemes rely on recruiting additional members for income.
- Are there any lawsuits or issued warnings from officials. Pyramid schemes are illegal in most places around the world, so official usually realize what they are up to at some point.
In INBSs case the company seems to be formed in 2019, so still very fresh. This doesn't prove anything but it does show that they don't have a long and clean track record yet.
INBS products seem to be mainly luxury health products but they are definitely tangible.
There also doesn't seem to be active lawsuits or warning about the company.
How I Make Money Online
If you want to learn how to make money online by turning your own knowledge into an online business, I personally recommend affiliate marketing instead of network marketing.
Affiliate marketing is a great way to get started online because it doesn't require almost any capital to get started and the risk is minimal compared to a regular brick and mortar business or even a web-based physical product selling business.
As an affiliate marketer, you have only one job. To connect the buyer with the right product. Companies are willing to pay good money in the form of commissions when they know they can increase their sales.
Especially in the digital world where services, software, etc. are being sold with monthly subscriptions these days, you can get very good (up to 50%) referral commissions.
But the thing that's really exciting about this is that if you do everything right, you can automate pretty much the whole sales process.
I personally use a combination of search engine optimized content on my websites that people find through Google. I then offer a solid product as a solution to their problem through an affiliate link.
If they click the link and end up buying, I earn a commission. Simple as that.
Once I write a post, it will stay online almost indefinitely. Making me sales on automation.
Now the trick is to have a lot of posts like these. Preferably several hundred. This way you will have several streams of income and the streams add up.
You'll soon find you can earn much better in online business than in a regular job. And the income doesn't die if you stop for a while either because your website works for you tirelessly on automation.
Creating this content is by far the hardest part of this business model. But I personally enjoy writing and it definitely wins writing bureaucratic texts as I do at the office.
Besides writing you naturally have to know how to write a copy that sells, how to set up your website, how to find affiliate products, how to decide a niche, how to do SEO (search engine optimization).
You might be thinking this sounds too hard or technical but it's actually really simple. These are all easy to learn skills that you just have practice and master.
But since there is so much you need to handle, there is a huge risk of distraction and getting derailed.
That's why I recommend you check out Wealthy Affiliate. It's the place where I learned these skills. They are essentially a one-stop-shop for affiliate marketing as they offer all the training and tools you need.
I also created a free 7-day course that will help you get started with your own income-producing website today!
Remember that taking action and believing in your own ability are the only things that matter in the beginning. After that, it's just consistency and work.
I hope you found my INBS review useful. If you have any questions, feel free to contact me through the comments section below and I'll get back to you.
It's hard to tell what INBS actually is in its current state but there are definitely a couple of red flags that would make me tread carefully.
So if someone has offered you to join this program, do your homework, sleep over it and make sure any money you plan on investing is something you can afford to lose.
I say this because network marketing businesses are notorious for low success rates among individual sales reps. Most people end up making no money or less than they invested.
That's one of the many reasons I prefer online affiliate marketing over network marketing.
Thanks for reading and if you found this review useful, remember to share it on social media!