Originally called iMarketsLive since 2013, iMarketsLive rebranded itself in 2019 and is now referred to as IM Mastery Academy.
As this company specializes in providing education on the financial markets, you may have stumbled on this page because a family member or friend recommended you to join and referred to it as being a GREAT BUSINESS OPPORTUNITY!!!
The truth of the matter is that you have been presented with this opportunity by someone you know because the best chance to earn with IM Academy comes from recruiting others to join.
So to know whether or not this business opportunity is right for you, this post will provide full details on what is IM Mastery Academy about and all it has to offer. I must share the fact that I am in no way associated with the company and I am in a position to share this review due to past experience with another MLM company called World Ventures.
In striving to make a passive income in the past with World Ventures and other past business failures, internet marketing has proven to be a success and is the best way to go about marketing products and services.
MLM companies will turn you into that annoying friend that harasses everyone you come across to join or buy your products.
It’s a known fact that there is a low success rate for members within Multi-Level Marketing Businesses and if you consider joining it would be in your best interest to learn everything you can regarding marketing online to reach a wider audience instead of being limited to the people in your circle.
If you want to learn how to market products online for the best chance of establishing a passive income and live a more free lifestyle, subscribe with a question on how you prefer to go about marketing online. Do you like to write and if so build an online business blogging, or would you prefer to market products online without building a website?
Now it’s time to get to the review of IM Mastery Academy and see if it’s the right opportunity for you.
What is IM Academy About?
Based in New York, New York, IM Academy is a network marketing company founded by Christopher Terry who has been trading & educating in the Forex, Futures, and Equity markets since 1994. He initially started out as a network marketer for Amway before launching his own company.
There are 4 options to enroll and get started with IM Academy which is detailed below.
- Elite Academy-$324.94 to enroll and then 274.95 monthly-Provides education for investing in the financial markets.
- FRX Academy-$234.95 to enroll and then $174.95 monthly-Provides education on forex trading.
- HFX Academy-$234.95 to enroll and then 174.95 monthly- Provides education on price movements on commodities, bonds, metals, and currencies.
- DCX Academy-$234.95 to enroll and then 174.95 monthly-Provides education on digital currencies such as BitCoin.
The Elite Academy basically has everything in one.
MLM companies usually have a compensation plan that is complex and difficult to understand. However, IM Academy seems a bit more transparent being that there is not an extensive product list or many options to bring in new members.
Consultants will receive $25 for everyone that enrolls at a $235 educational course or $50 for anyone that joins Elite Academy at $325. As members continue to pay their monthly fees, members on the top will be able to build a residual from the monthly fees their recruited members continue to pay.
It will take 3 recruited members to earn $150 a month, 12 to earn $600, 30 to earn $1000 and so on and so on
You can check out the video below for more details regarding their compensation plan
IM Academy Products
I am not too fond of the fact that IM Academy is a multi-level marketing company with no tangible products to sell. Instead, you are selling people knowledge.
Pros of Joining IM Academy
There is more to lose than gain by joining IM Mastery Academy. In struggling to find reasons to join, the only thing I can come up with is the fact that their compensation plan is a bit more transparent than most network marketing companies.
Cons of Joining IM Academy
- Low Success Rate
- Expensive Business Opportunity
- Trading on the Financial Markets is Risky
- No Tangible Products
When it comes to training on promoting and selling products, IM Academy has the same problem as most multi-level marketing businesses. The problem most members face when becoming a member of these businesses is that you are lead to believe the opportunity presented is GREAT and STAND OUT from the REST and HOW AMAZING it would be to INTRODUCE this to your FRIENDS and FAMILY!!!
IM Academy’s training methods are a big part of why most people fail, but then again these kinds of businesses are not set up for a majority to succeed. If you are an owner of any business, especially nowadays with the Covid situation, you need to know how to MARKET ONLINE.
I couldn’t find IM Academy’s Income Disclosure statement, but I did find the income statement of iMarketsLive before rebranding itself into IM Academy.
The image shows that only 145 out of 52,706 members are at the Platinum 5,000 rank to make a respectable average income of $33,542 annually. Getting to that rank will require a lot of effort, and earning $33,542 annually is nothing to brag about. The number of truly successful marketers making over $80,000 or more was 58 in 2018.
IM Academy’s business strategies hold true in the fact that people are always willing to pay for an education, but there is not much value in paying such a high price every month for some form of education and insight on the financial market when you can get that for free.
Click on this link for a Free Stock and Forecast on what’s going on in the financial market for stocks and cryptocurrency. You can also go on Youtube to watch videos for trading on the financial markets.
As if it is not risky enough to become involved with an MLM company being that most people lose money, investing in the financial markets is risky as well and can also result in a loss.
As far as making money by trading on the financial market, it is not an easy endeavor, and even experienced traders lose money. To be a successful Trader takes years and years of experience and with that said, you are still susceptible to losses.
With Forex Trading, it can be difficult to be consistently profitable and you will need a decent amount of money to get involved in the forex market, and when I say decent I mean $2,000, preferably $5000 if you want a decent income stream.
With Stock Trading, you can invest as little as $500 and see a great return on investment. If you buy stocks for capital gains you could possibly see a profit the same day, but if you think the value will keep going up then you can be enticed to leave it alone and let it build.
Although it is wise to not cash out on stocks in which you predict the value will rise, that wise decision could prove to be a wrong decision if the value of the stocks fluctuate or drop to the point that the few thousands of dollars you thought you had turned into a couple if not worse. I’ve had a personal experience with that scenario.
Trading with Cryptocurrency is the biggest mystery when it comes to trading on the financial market. It is also the riskiest of all because the currency is not regulated by any form of centralized government.
Making money in cryptocurrency use to be easy when the markets were all going up. You just invested in the right ICO or got in early on an altcoin and watched the massive gains.
Some of the earliest adopters of Bitcoin managed to earn a staggering 4,057,900% return on their investment when BTC sold for just $31 per unit. Imagine that return at the current price or the price it reached during its peak in December 2017!
Bitcoin and altcoin millionaires were made overnight, but here in 2020 the landscape has changed. Making money on cryptocurrency has generally turned into a long game
To make money trading cryptocurrency, you have to stay in the game 24/7 to see a price spike or drop coming. Cryptocurrencies never sleep.
Is IM Mastery Academy a Pyramid Scheme?
I don’t like to label any company as a pyramid scheme, but with no tangible products to sell, you can only make money by recruiting others into their educational programs.
The definition of a pyramid scheme is a company in which you can only make money by recruiting other members into that company.
IM Academy is not an MLM company I would recommend joining especially if you are an inexperienced marketer. Even if you have experience marketing online, getting people to join IM Academy seems like a tough pitch.
To Recruit a family member or friend can be detrimental to your relationship with them. This is something that happens every so often when talking about these types of businesses. Due to the high cost to start, monthly fees, and other added costs, the financial loss is greater and so is the risk of a falling out.
Unless you make some money using their teachings to invest in the financial market, how can you confidently recommend someone to join IM Academy.
There are some newer network marketing companies that understand the importance of marketing online and will teach you some social media strategies to promote their brand. Although Im Academy does not provide advanced online training, if the person that signs you up really knows what they are doing then there is a slim chance it might work out.
With that said, there are plenty of opportunities to make an income online which will require less work and can eventually replace your day job. For a chance to make a passive income to change your life for the better and take control of your own fate instead of having to rely on recruiting…
Now that you know what is IM Academy about I wish you the Best of Luck In Your Business Endeavors.
If you have any experience with IM Academy feel free to leave a comment in the section below.