The 1 Dollar Thing Review – Good Opportunity Or Big Scam?

The 1 Dollar Thing ReviewHave you been hearing a lot about The 1 Dollar Thing lately?

There is a lot of hype happening for The 1 Dollar Thing, and people are pitching the opportunity all over the place – especially on social media.

The first thing I should tell you is that I am not associated with The 1 Dollar Thing in any way.

I have gathered all the pertinent facts about this opportunity in my The 1 Dollar Thing Review so that you can know the full truth before signing up.

Is The 1 Dollar Thing a scam? Or is it really legit?

Will I be able to make real money with it?

I tell you all in my Review of The 1 Dollar Thing.

Let’s get going!

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What Is The 1 Dollar Thing Exactly?

The 1 Dollar Thing offers a matrix cycler scheme with huge advertised potential returns. The website names Doc Lett as being the owner of the company, someone that has a track record of being involved in questionable MLM offerings. Based in Alabama, he has been involved in ‘Phase 4 Global’, ‘2by2 For You’, and ‘Iguana Biz’. All of these companies have since collapsed, with Iguana Biz being the most recent to fail, even though it was only launched in July this year. This failure is most likely what has led to the startup of the 1 Dollar Thing, yet another in a line of companies that Doc Lett (real name Kenneth Lett) has used to scam money from people.

The 1 Dollar Thing Scam

What Will I Be Selling With The 1 Dollar Thing?

The 1 Dollar Thing does not offer any services or products for affiliates to sell to retail customers. Affiliates are, instead, encouraged to recruit new affiliates to the scheme. Membership of the plan includes a bunch of perks that include;

  • a travel savings card
  • a prescription card which offers ‘up to 90% savings’
  • a monthly subscription to Small Business Magazine
  • access to savings on hundreds of dollars in products
  • a product package

What Should I Know About The Compensation Plan For The 1 Dollar Thing?

The 1 Dollar Thing pays affiliates for recruiting new affiliates to the scheme. There are three tiers of membership, with the higher membership tiers earning higher levels of commission. The tiers are,

  • Basic level, which costs $1 per month
  • Emerald level, which costs $12 per month
  • Diamond level, which costs $47 per month

The 1 Dollar Thing arranges affiliates in a 3×6 matrix structure to calculate commission payments. A 3×6 matrix is created by placing the initial affiliate in a position at the top of the structure. Three positions are created directly beneath this affiliate, and these three positions form Level 1. Level 2 is formed by creating a further three positions beneath each Level 1 position, and this process continues until Level 6 has been formed. In total there are 1092 positions in a 3×6 matrix, each of which is filled via direct and indirect recruitment.

Affiliates receive commission for each affiliate they have recruited, the level of which is determined by their membership tier. All payments are monthly,

  • Basic Level receives 12 cents per month for every affiliate that they have recruited
  • Emerald Level receives $1.50 per month for every affiliate that they have recruited
  • Diamond Level receives $5 per month for every affiliate that they have recruited.

What’s The Membership Fee For The 1 Dollar Thing?

To become an affiliate member of The 1 Dollar Thing you are required to pay a monthly fee of $1, $12 or $47 depending on what level of membership you want. The higher tiers of membership offer higher levels of commission through the earnings structure.

Is The 1 Dollar Thing Really A Scam?

If you’re like me, you’ve been researching The 1 Dollar Thing and you may have heard that it is a total scam.

From what you have read above, you may not be able to tell if it is legit or not.

So, is it really a scam?

Is The 1 Dollar Thing a scam, or can you trust the company?

I would say The 1 Dollar Thing isn’t a complete scam, but there are definitely some things you should be cautious of – check out the conclusion to find out what those are.

Being prepared will help you be successful. Also, see below to get my tips for making money.

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My Conclusion For The 1 Dollar Thing

Doc Lett has a suspicious track record of running MLM companies, and The 1 Dollar Thing appears to be no different. Each of the membership tiers exist independently of the others, with memberships being marketed like any other cycler structure. The website says:

‘Wow! Start 2017 earning $85,000 plus per year!

Choose to Automate The 1 Dollar Thing

Talk about simple! Just click on the option in your back office to use commissions to move to the next level. Our system will automatically move you from one level to the next with no additional out of pocket expense’

For compliance purposes, these types of schemes are required to involve the provision of products, the sale of which supplements the company income to sustain the promised returns to affiliates. The 1 Dollar Thing offers the savings cards in an attempt to satisfy these regulations, but are not using the products in the intended way and merely have them there to give the impression that they are legitimate. The only thing being offered here is the income opportunity, and those offers of discounts are more than likely completely worthless.

The structure itself is a typical pyramid scheme where the payments being made to existing members are being funded fully by the investments being made by new members. This means that The 1 Dollar Thing will inevitably suffer the same problems as all other pyramid schemes, and this begins when recruitment starts to slow down. There’s a finite number of people in the world that will invest in such schemes, so once recruitment drops, the company income will slow down and be unable to pay the returns that they are committed to through the compensation plan. Those at the bottom of the matrix will not earn any commissions and will stop paying their monthly subscription, thus causing the problem to move further up the chain. Eventually a large number of members will cease payments, and the whole company will collapse. When this happens, those that haven’t been able to recoup their membership fees will lose out, and this will be the position that the vast majority of The 1 Dollar Thing members will find themselves in.

The 1 Dollar Thing is a completely unsustainable opportunity that will result in a lot of people losing money, although its owner, Doc Lett, will hold positions that ensure he will do well from it. His track record of involvement with failed MLM schemes should be enough to make you wary of involvement with this one, and it would be wise to research other opportunities to invest in, rather than sending your money to him. The 1 Dollar Club will not last long (especially when you see that his previous company only lasted for a number of months), so make sure you aren’t one of those that loses out when things go wrong.

I sure hope you have found all the information in this The 1 Dollar Thing Review helpful.

Some reviews may be biased or trying to sell you something else, so I wanted you to have all the details from someone not affiliate with The 1 Dollar Thing.

If you decided to move forward with The 1 Dollar Thing, you’ll still need help marketing yourself.

My FREE training will help you with that.

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