What About Smashfund

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What About Smashfund

Category : Scams

what about smashfund.

 

Lately, there has been activity on a site called Smashfund. There are those who believe it to be the best thing since sliced bread, and there are others that see all the makings of a scam on the way.

For me, let’s just say I have been slammed by a few website owners that have embraced Smashfund with open arms telling everybody how fantastic they are and you better hurry up and sign up under them.

That alone is one of the many tactics scammers and MLM’s use to get people.

 

Some people are claiming they have made money from the people they have invited to sign up as far back as May. The fact is their posts were published before July in the prelaunch period. Publishing posts before July mean no money has been collected so there is no way they have been paid for anything yet. For some of the other ones, they feel they have their July payment covered. Hope they’re right!

My comments were not written for people to join but think twice before handing over so much money on a system with so many red flags.

So what is Smashfund and what are these red flags people should be cautious about before joining?

The launch date for Smashfund was July and everybody could join free of charge before that. What Smashfund wants, is you to invite and sign up as many people as possible before July for free by using an affiliate referral code, then everybody will start to pay a monthly charge of $149 moving forward. At that point, they say they’ll start their multi-level payout for those connected.

 

Warning Signs!

 

Marketing Ploy

 

First, consider the 10/10 that people have been giving Smashfund in reviews to join an organization that has done nothing, proven nothing other than give you the big spiel of how fantastic they are.

what about smashfund marketing ploy.Here you have an organization that states it is the first social network and crowdfunding platform built into one.

In the month of May, I read reviews from some about how great Smashfund is, and they are going to make all kinds of money because they have people all signed up on the prelaunch with them.

The funny part to me is at the same time these reviews were coming out, if you signed up the members area was not even ready for any profiles.

That part of the website was not to be ready until July. So even though you could not create a profile they were ready to take all your credit card details before you could have access to what they have not prepared yet.

They also state how they will be dealing with crowdfunding but that part is blank, and they have nothing in place.

I guess all their time needed to be spent on making sure your credit cards could be accepted, and they’ll consider the rest later.

 

Using MLM tactics

 

Here you have a system that takes free social networking and combines it with crowd funding and decides you can now pay $149. You’ll be given a unique URL for tracking activity by your affiliate referral code.

what about smashfund using mlm tactics.There are no real products/services other than having people pay the $149/month so you can earn money off their credit card payment from all the recruited people in your downline. These would be people that like the idea of paying for their social media instead of using free ones like Facebook, Google+, Linkedin to name a few, to be paid for people wanting to be part of social media that requires everyone to pay up.

Now the plan is to take this $149 and break it down to pay $50 out for direct invites who sign up with you. Then $4 for each person who subsequently connects to your invited people known as viral connections will be paid to you. Your total allowable downline is a max of 16,000 connections for your network.

There are no time lines or goals to meet or percentages taken from contributions other than the third party Stripe fee of 2.9% + $0.30 per transaction. Funds are to be deposited weekly.

So as an affiliate you are paid $50/month for each recruit.
You also receive $4/month uni-level compensation plan.

You
Level 1: Personally recruited members
Level 2: Your level 2’s recruited, members
And the downline continues…
Their compensation plan is incomplete to where or how there may be caps in place etc.

A lot of people who have seen MLM’s before, have a better understanding of how these companies come up with some loophole for how you’ll be paid or lose the earnings by not meeting requirements.

 

Credit Details

 

The system is set up for you to give all your credit card information before you could get access to the members area for this free prelaunch system.

what about smashfund credit details.Yes, you heard me correctly that the free prelaunch was only free with the entrance of your credit card details. No credit card, no entrance to the free prelaunch.

Oh, wait! It gets better, not only was there no place to set up your profile, there was no area where you can cancel your credit card or quite. Later in June they modified it so you can add more credit cards, but there is no canceling. Once you signed in for the prelaunch, you’re paying for July. They now have full access to your credit card.

So for a free prelaunch why would they need a credit card and why do you have no access to cancel your account?

What you get is a video of the owner explaining very little and having access to next to nothing.

What Rob Towles the owner of Smashfund did do was make sure that you and anybody else you got to sign up, gave all your credit card information. This way you cannot change or cancel it so he can collect your money after the prelaunch and also anyone who enters now will instantly pay.

 

Lawsuit

 

If the details up till now have not been raising any red flags of yet, then try Googling the CEO of Smashfund, Rob Towles.

It appears that back in 2009/2010, Rob has a lawsuit for a pyramid scheme already against him. Google his name and you’ll get this “Efusjon-Pyramid Scheme Alert.”

Efusion was an MLM business based on an energy drink. Rob was sued in 2010, and the doors closed for Efusion.

A company called LabActive came out in 2013 where DSA records showed Rob Towles is behind it even though the site does not mention it anywhere. The site appears to be abandoned with no growth.

 

Setting the bait

 

what about smashfund setting the bait.

So how do we go about recognizing the red flag waving all around us? The classic get rich quick routine. Smashfund offers you the potential to earn up to $64,000 per month.

To get you in the right frame of mind where they need you, they use the comparison of Facebook and what they have become. They want you to think of how rich you’d be if you had a dollar from every member on Facebook.

There are many major flaws with this way of thinking. Just to mention a couple of issues on why Smashfunds comparison is crap. First off Facebook is free to join. All the great sites that are built on free platforms are beyond any paid platform.

Every one of the social medias that offer a free profile has far more free members than paid subscribers.

Secondly, Smashfunds primary concern seems to have everything set up for receiving your money, and nothing else is complete or ready.

 

Earning potential with Smashfund?

 

With all the hype and the rose colored glasses they put before your eyes, you’ll make like a banded.

If you sign up five people/week by the end of the month, you’ll have earned $1,000. Each month that will grow as you recruit more, so long as they don’t bail on you.

what about smashfund earning potential.So you’re probably wondering why I mentioned about people bailing on you. Here’s the thing, MLM’s are notorious for always recruiting people just to see them quite, and you have to find more to replace them.

Now this is just standard procedures with MLM’s that have quality products/services that they offer, but they constantly lose people, and you have to keep replacing them.

Most people are not into direct sales or recruiting others.

So what is going to happen, when you tell people they are going to pay $149 for an affiliate link. Smashfund has no real products/services that they offer and your paying to join a social network when most people already belong to free ones.

Now they are saying you have the opportunity for crowdfunding but once again what is so special about trying to drum up money from others with Smashfund than with other crowdfunding sites.

 

Final thoughts

 

For me, it’s a simple decision that requires very little thought about whether to spend any time or money on Smashfund, No!

Most people want the best deal they can have so when it comes to social media Facebook and all the other social media websites that offer free packages will always rule. These free sites also have options you can buy into which is good business for them and good offerings for those paying for the marketing as they are established.

Smashfund is nothing more than a smoldering wet fire with people taking the bait hook line and sinker scrambling to make money selling an affiliate link.

I have never seen a business last through the years without a product/service that helps people. Trying to earn money by being on top or in first is more of a failing pyramid scheme that always collapses when it’s based on passing money around without products/services.

I realize as some people can not see the forest for the trees they will continue to be up in arms about this post. If I’m wrong and after a few years down the road Smashfund proves itself, then I’ll say so but until then It is not a place I’d recommend.

 

#1 Recommendation

 

If you’re looking to make money, then I recommend a place that you have the opportunity to try for free with no requirements of having to use a credit card.

The only time you’d need a credit card is if you decide to go for the premium package for full access. You could cancel at any time, for any reason, if you chose to. I think you’ll find as I have and thousands like me in the community, this is the place to be when you’re serious about having an online business.

 

No credit card required, get started today!

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Author

“I’m Travis Smithers owner and author of this site.

Travis Smithers boatingAs you can see from the image to the left, boating is something I regularly like to enjoy with friends and family on my sailboat. Having an online business gives me the opportunity to pursue my passions.

What passions would you like to pursue that makes you happy? Join me and thousands of others who choose to make a difference in our and other people’s lives.

Oh! By the way, love having comments and shares and look forward to seeing all those of you that join me for having an online business to follow your DREAMS!”

 


12 Comments

David

July 22, 2016 at 1:06 pm

Hi Travis,

I came across this company a few months ago. I like the underlying idea however the news was just too good to be true. These days whenever something is just too good to be true, I become extra careful, especially when it involves any money. I thought that the monthly fee was quite expensive. Anyway I had a quick look and decided to wait a while. After finding out more about this, I decided that they are not a ‘good fit’ for me. Your review confirms for me that they are not a ‘good fit’ for me.

Kind Regards,
David

    Travis

    July 23, 2016 at 1:22 am

    Everything that I read or heard about them makes me believe it is best to stay away. The ones that are boasting about Smashfund, I will see how long that lasts as the $149/monthly fee keeps rolling over every month. They will need to keep trying to recruit people to pay for the $149 they owe each month for their affiliate link and recruit to replace the ones that drop out. Otherwise, they will keep losing their money for a system that does nothing for you unless you keep bring them more people to pay the $149 a month each time it’s due.

    I’ll stick with the free networking and social media systems that everybody knows that work.

Martina

July 24, 2016 at 2:04 pm

Thanks sooo much Travis for posting this. I’m no joke currently signed up and I’m revoking my subscription right now. I had no idea about the CEO and also now that I think about it, I also find it weird how you can’t sign up unless your referred…
Owe you one,
Martina

    Travis

    July 25, 2016 at 12:37 pm

    Glad this post was able to be of some help to you. From some of the information, I have received about Smashfund you may have to cancel your credit card to stop further payments from going through your account.

    Most places will be except PayPal and other well known financial institutes from the Internet world except for websites that know they are mainly after your money.

    Companies know Institutes like PayPal will reimburse your money if not happy with your purchase which goes back to the website that sold you the product or service. When these sites know they are out to rip people off, they do not give the option to make payment through PayPal. They have no intention of reimbursing anyone any money, so they only have credit card acceptance and once they have your financial information they will bill you with no recourse for refunds.

    The last I heard Smashfund doesn’t have a place to give you the opportunity to withdraw your credit card information only to add more to make sure they get your money.

    I hope you have good luck with canceling and you do not lose too much money with them.

Eduardo

July 24, 2016 at 2:10 pm

Great review on a product that I barely knew and charges so much. I never quite understood why we should pay for what they offer, which seems to be nothing. Now your review clarified a lot.

Thanks for the honest review, as most reviews out there are meant to say sweet things about a service they want to sell.

    Travis

    July 25, 2016 at 12:45 pm

    I believe if a product or service online is worth anything then there should be a free trial period or a free package that shows you what they have to offer. By having the ability to use and see the product or service first hand, you’ll be able to make a proper assessment of whether the product/service will meet your needs and requirements.

    So far it seems to be a big thing with scam artists that always want your credit information right up front before you get to see or know anything about the product/service. When in doubt check it out and if they do not allow you to walk away!

GracePlace

September 3, 2016 at 6:28 pm

Great review! Hmmm… Smashfund? I have never actually heard of them. By reading your Review, I was shaking my head at sMASHFUND whole way through your article. These are tell tale signs of a pure SCAM.
My question is: I don’t really understand how is this different to other crowdfunding sites such a gofundme?
You explained that it is social media mixed with crowdfunding. Does this mean each person has a profile and people donate to your profile? Sorry if I am confusing you but I was trying to picture it in my head and the fact that it is complicated to grasp. I figured I will steer away from Smashfund. Thanks for the heads up

    Travis

    September 3, 2016 at 8:19 pm

    Each person is to have a profile but when they first started up the site the profile area was not ready for anyone to set up a profile.

    They did have their credit card acceptance setup right away and once they had your credit card information they had no way for you to delete it if you changed your mind at the time.

    Even though the first few months were free to sign up, you had to give them your credit card which just tells me it was all about getting your credit information to make sure they got paid on the rollover date once they dropped the so-called free sign up.

    Some people started to cancel their credit cards so they would not be billed. During the prelaunch, there was no way of cancel out of the program without removing their credit information.

    In the beginning, when it was in the prelaunch state their where some boasting and bragging about how it was the best thing since sliced bread but now I hear nothing much about them since the credit cards have been activated to pay the hefty monthly payments.

JeffWA

November 22, 2016 at 6:22 pm

Travis,
Thank you, thank you, thank you for telling it like it truly is about this scam called Smashfund that purportedly earlier this year was the “real deal” for a person trying to quickly earn money online with this opportunity.

I know of one other person who issued the same true opinion of this scam opportunity.

I had some very opinionated questions posed in a comment in response to a person who wrote a glowing review about Smashfund back last spring. No need to reveal what organization that he belonged to but I questioned his bogus claim stated in his review that within months after getting involved with Smashfund that the real possibilities existed that a person could earn up to $64,000/month in this venture.

I called this person out for this statement. Not born yesterday and the previous victim of such fraudulent schemes I said that Smasfund was yet another insulting get-rich-quick scheme still found online and that any rationale person with even an ounce of brain matter would pass up as if this opportunity was the worst plague known to mankind.

This person who wrote this review, some 20-something year old kid still wet behind the ears got angry at me telling me that I had no idea what I was talking about. And then he rejected my comment. I wonder how months later he is doing with this scheme, that is unless he finally saw the light, something cracking him upside his head and finally he bailed out!

All of the problems you mentioned that already have cropped up regarding Smashfund speaks volumes to the fact that it is 100% bogus. The fact that people claimed you could make money before a certain time period, doing so at the free membership level, and then afterwards stating that it cost $149/month speaks volumes to the fact that those who run Smashfund simply wanted people to get involved before it was too late. Yet another well-known con used for years by scammers.

You wrote in FACTS Travis to back up your claim that Smashfund is absolute garbage when it comes to calling such an opportunity a legit one in business. Actually it is 180 degrees diametrically the opposite – completely worthless when it comes to the ideal of earning real money in a business!

Jeff

    Travis

    November 24, 2016 at 6:46 pm

    Hi, Jeff and sorry it took me so long to respond as I have been away for a while. I usually always try to respond to comments within a 24-hour window.

    As you mentioned about asking questions in a comment to others giving Smashfund glowing reviews, I to have been heavy slammed about how I was not all excited and how great the opportunity is to get involved with and to sign up right away. Most of the sites I had addressed at the time about what they were telling people have all been shut down.

    I can only assume things did not work out as well as they anticipated with all the quick monthly riches they were going to make. Once the free membership cycle ended, many people started to bail to avoid the hefty monthly fees each month. In the beginning, I was hearing many people raving about the opportunity, and now I hear nothing about them but one thing is for sure, the course of time reveals all.

Frank

March 9, 2017 at 6:24 pm

Travis, this is a very well written review. Your writing style and content is eye catching and you had me hooked right from the beginning.

Along with that it is extremely informative and a very goo d deed on your part.

Your media is extraordinary. I was thrilled as I read and viewed the pictures. It all tied in very well together.

Anyone reading this site will certainly be well pleased as well as educated.

Great job.

    Travis

    March 10, 2017 at 12:53 am

    Thanks, Frank, I like to help people by informing them as best as possible to what to expect with different systems and what is available. I also appreciate you taking the time to leaving a comment.

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