Product: True Cash Network
Overall Ranking: 10 out of 100 or 1/5 stars
Price: Free to join
Owner: The Johnson Group??
Website: http://truecashnetwork.com/
True Cash Network is another affiliate/MLM scheme. In this review, you will discover if this program is worthy of your time.
As it’s free to join, this could be popular, however, things are not as good as they appear. In this post, I will try and give you an idea of what to expect.
Background
True Cash Network (TCN) is owned by a communications company that is supposedly owned by The Johnson Group. For some strange reason, they don’t give us the name of the mysterious communications company.
In fact, this is like many things on this site. Not many exact details, everything is a little general. If they can’t even give the real owners name, should we have confidence in this company?
TCN, previously known as Text Cash Network, was launched in December 2011. There are some sites promoting TCN with links that still point to the Text Cash Network site. Although when you click on these links you arrive on the site of True Cash NetWork.
Text Cash Network was a company used to recruit people to receive text messages (SMS) advertising different companies. A multi-level marketing system where you were paid for signing other members.
As usual, when a company changes its name this raises questions as to why this was necessary. In this case, it was to try to distance itself from the bad publicity of the former company.
What exactly was Text Cash Network?
They were a company trying to copy companies like Groupon or Living Social in sending special deals to mobile phones via text messages.
You were meant to get paid for giving your mobile number to advertisers and receiving their text message advertisements, coupons or special offers. The advertisers hoped that you would follow through and make a purchase.
Then to earn more you recruited other people to give up their mobile phone numbers. If these people, then recruited other people to do the same thing and you earned even more. A typical MLM scheme.
Unfortunately, this system was flawed, the main reason being that people who had signed up to make money online with Text Cash Network were not interested in spending money.
A major red flag was that the company was associated with Phil Piccolo, who has been described as the “one-man Internet crime wave” or “serial MLM scammer.” As TCN don’t make it clear who is behind the company today it’s best to be prudent.
That was a brief explanation of how Text Cash Network was supposed to work, now on to True Cash Network.
What is True Cash Network?
TCN is a multi-level marketing company that has five different products to promote. To be able to earn anything you can sell the products and to increase your earning you can sign up new members.
At the moment they have five products that you can promote with another two in the pipeline.
They have kept one thing from the Text Cash Network days. When you sign up, you agree to receive up to five text messages per day.
Who is this for?
This could be for you if you have some experience in network marketing. Selling products isn’t easy and not for everyone. You must have an outgoing personality and be prepared to have many refusals.
Multi-Level Marketing is a way of marketing products by recruiting salespeople. The sales force is compensated not only for the sales they make directly but also on the sales made by members of the sales force they have recruited.
This is something I certainly wouldn’t recommend to a newbie. The companies promoting the MLM schemes make it sound very easy, however, the reality is the complete opposite.
Related: Be the Boss Network -a directory of multi-level marketing (MLM) companies
How the TCN scheme works
Signing up
If you try to sign up directly from the TCN site it is not possible. You must be referred by one of their referral agents.
You find a referral agent, click on the join free today button and then you receive a warning that your connection isn’t private.
If you are willing to continue, you are taken to the registration form where you have to give your name, country, mobile phone number, and email address. Also, you have to create a website address type – mywebsite.TrueCashNetwork.com This website will be used to promote TCN.
At the bottom of the registration form, you have to agree to receive 5 text messages a day from TCN. Personally, I was not prepared to continue with the registration for the following reasons:
- I do not like giving my mobile number, especially when I will be spammed with offers of no interest to me.
- a site that requires personal information that isn’t secure just isn’t serious
- it was only on accessing, the sign-up page that they mention the text messages, I thought I would be signing up to promote products.
How to earn with TCN
True Cash Network has five products available for you to promote:
Physical Products
- X8 Energy Gum – a mint flavored gum that is supposed to boost energy levels to help your body reach its full potential
- Parcman Male Enhancement – a male sexual enhancer used to treat erectile dysfunction, fabricated from natural herbs
Virtual Products
- Networkers Magazine – online training and resources for internet marketers
- Fantasy Golf Tour – an online golf game
- Medical Savings Plan – for US residents a service offering medical service discounts, pharmacy discounts, dental discounts, vision services discounts and access to doctors by phone
You can sign up for TCN for free, after that you can make a sales commission by selling the products directly or build your own team to earn from your downline. The commissions vary depending on the products.
The compensation plans are too complicated, I tried to understand, but in the end, I gave up. There are even two compensation plans that are “coming soon.” In all, that would be six different plans. Why make things complicated when they could be so simple? I wonder is it just to confuse us?
The Fantasy Golf Tour commissions are paid directly by FGT and can be moved back to your TCN virtual account if you wish. The payment of the other opportunity commissions are a little complicated as you can see below.
Another element of concern for me was the price of the product you are selling and the commissions are not stated. It’s very difficult to know if you might be able to sell a product when you don’t know the price. How can you make an informed decision before signing up?
You are just told that if you build a business with True Cash Network you will profit from the most lucrative compensation plan in the business.
It is not a requirement to recruit into TCN, you are free just to promote the products if you wish. You receive no commission for referring people into TCN. Your commissions will start when your referrals start making sales of the different products.
Assuming that you are interested in promoting one of these products I would become an affiliate directly with the company concerned. Why go through TCN, they will certainly take a commission on your hard work.
Pros & Cons
Pros
- free to join
Cons
- MLM scheme
- questionable site security
- no details about who is running the company even on the page entitled “executive team”
- lots of general information on the site, very little information specific to TCN
- complicated compensation plan
- on the sign-up page, you must accept up to 5 text messages per day no explanation given
- not enough details given about the prices of products and commissions
What are members or ex-members saying about True/Text Cash Network?
Here are a few of the comments I found on Text Cash Network, although the comments are about Text CN I think they are relevant to True Cash Network as it is basically the same company.
How much does it cost?
True Cash Network is free to join, but with some of the products, it may be necessary to pay a fee. In general, prefer the opportunities where you are not required to make an investment.
My final opinion
My advice would be to stay well away from True Cash Network. If you are interested in promoting any of the products on their site, you will be better off becoming an affiliate directly with the company concerned.
Although there is a multi-level marketing part to this scheme, it is not absolutely necessary to recruit new members.
The initial sign up process would be enough to put me off this company and the past history of the company is worrying. However, if you do decide to join, having seen some of the comments on Text Cash Network, I would be worried about getting paid.
Promoting the products on TCN will not be that easy and if you fancy your chances of signing up new members to increase your revenue, you should know that promoting TCN will be hard work.
Verdict: Not Recommended
What do you do now?
If you decide to become an affiliate for one of the products on TCN or try affiliate marketing you will need a website and probably some training. I think affiliate marketing is a great way to earn money online and although it is hard work, it is definitely possible to build your own successful business.
Rather than promote any product you find, like on TCN, it’s much better if you promote something you are passionate about. You choose your niche and build a site around this. Your site could be about a hobby or an occupation. You then write articles that can help people or give them valuable information on your subject. At the same time, you find affiliate products that you can promote to monetize your site.
This is a system that works and I found an awesome step by step training program that takes you through all the phases. This program is free to join, to see if it suits you. Below is a comparison chart that compares this program, Wealthy Affiliate to True Cash Network.
Whatever you decide I wish you great success and if you have any experience with either Text or True Cash Network please leave a comment below.
That is a great review, Peter. I saw an ad on Facebook for this BS and found your review. Rely sounds like these guys need to be locked up for a while. Obviously need to stop taking money for a system that is rigged from the beginning. MLM’s are a scam no matter who it is run by.
Thanks, Dan. Yeah, I am not a fan of MLM’s but there may be one or two genuine schemes. You should run when there is more emphasis on recruiting than selling, no or poor training, pressure to pay more for products and if it seems too good to be true. True Cash Network has most of these traits, so should be avoided.
Thanks for your visit,
Peter
This is a scam and the employees are rude and they will cuss at you so if you go on to the website and call even if you have it in writing they will not do what they say so therefore it is a breach of contract and I think it should be shut down thanks for nothing
Hi Peter,
What a complete and honest review of true cash network. I saw some of their ads on Facebook and did a little investigation to find your site and this amazingly complete review. You left no stone upturned with this MLM scam.
It’s amazing to see what scammers come up with these days and true cash network seems to take the cake. I’m actually surprised you gave them a 10/100 rating. But I guess they are selling some tangible products.
Thanks for the research you did on these guys and it’s always great to have a resource like your website to find the truth.
Best,
Todd
Thanks for your kind comments Todd. As you say it really is amazing what scammers can imagine to make money. It’s a shame they don’t put their talents to creating legitimate businesses, but I suppose they don’t want to spend the additional time it would take.
Although, I don’t like this program, I gave True Cash Network a score of 10/100 as some of the products they promote seem okay. You could earn money just selling the products and not recruiting anyone into the MLM scheme.
However, I am in no way encouraging anyone to join this scheme, I believe the best way forward is by creating your own affiliate marketing business.
Thanks again,
Peter
Hi Peter. As I can see from your review True Cash Network doesn’t seem to be a true cash opportunity. I agree that MLM is not the best option out there, especially not recommended for a newbie because network marketing is very specific type of business and is not for everyone. I know from my experience that most MLM programs have a bad reputation on the internet and there are always tons of complaints about them and you prove in your article again that True Cash Network is not an exception. When looking at comparison table there is no any chance left for TCN and Wealthy Affiliate is the absolute winner.
Thanks for the comment Rufat,
You’re right this not a good cash making opportunity. MLMs are certainly not a good choice to start your first online business and when you read that nearly everyone fails in these schemes, this is something I avoid.
Although with TCN you could promote the products without recruiting any new members, in other words, you would be an affiliate for these companies. If you are interested in doing this you would be much better off creating your own site and having any commission paid directly to you.
Try building your own business would be my advice to anyone considering a scheme like this. Some good training in internet marketing, some hard work and you will be on your way to creating your own successful online business.
Hi Peter
I think you’ve got a knack for spotting these scams. I think sometimes some people just focus on making quick money and they don’t really think twice about what they are getting themselves into. I absolutely abhor that MLM system. To me, it’s just not right.
The only people who really get rich with that is the people at the top, since they are reaping the benefits from the individuals who are working hard at the lower levels. Some people are so unethical that all they do is disguise their scheme by giving it a new name and they carry on scamming people from their hard earned cash.
Personally, I stay away from anything like this. I think it is so important for people to know what a legitimate online opportunity looks like and clearly True Cash Network does not fit the criteria of being legitimate. Once they are have that knowledge of what a legit opportunity looks like, they’ll be able to spot the scams easily enough.
I hope people take your advice and stay away from True Cash network, since it seems absolutely False!
Hi Vanessa,
I don’t really think I have the knack for finding these scam programs, the sad reality is that there are just too many of them. It’s much more difficult to find the legitimate programs.
MLM schemes are something I hate as well. They are often presented as businesses that offer better opportunities for earning larger sums than other business models. But in most cases, people who invest in MLMs end up losing money.
True Cash Network doesn’t seem like a good way of earning money to me, starting with the doubtful sign up page and continuing with a compensation plan that was too complicated for me to understand. People shouldn’t listen to these companies that promise opportunities that offer financial freedom.
Legitimate programs will tell you that earning money online takes hard work and a lot of time.
Thanks for your visit,
Peter
Hi
I read about this MLM program a while back and I think it gained so much interest with people as it was FREE to join, the fact that you can receive texts and get paid for it seems a bit far out there. The only winners in this is the people who created it at the top of the ladder.
Thanks for your comment Paula. Being free to join is probably the best thing about this program. Although you have to agree to receive up to five text messages per day you no longer get paid for this.
Some of the products you can promote through TCN seem legitimate, but if you want to start affiliate marketing it would be better to do it via your own site.
The only reason to join TCN is to recruit your team and receive extra commissions. However, having seen some of the past comments about Text Cash Network and the fact that very few people make any money with MLM’s this is not something I recommend.