GoSolar Mining Review (A Solar Panel Investment Scam?!)

It’s likely that you have come across GoSolar Mining through an email list, on social media or got it recommended by a friend or family member.

Is GoSolar Mining a scam? The reasons why you’re here is because you have want answers right so, that’s what I’m going to provide for you within this GoSolar Mining review.

First and foremost I must commend you for actually doing a bit of extra research before committing to joining GoSolar Mining. For all you could have known, the product could be a major scam so the fact you’re here right now, researching whether or not that’s the case is a pretty smart move on your part.

To be fully transparent with you, I am personally not a member of GoSolar Mining so I can assure you that I will not attempt to sell you it unless of course it’s worth investing in.

What I will aim to do is provide you with an unbiased 3rd party look at GoSolar Mining that will hopefully help you to make the best decision you can in the end.


PRODUCT NAME: GoSolar Mining

OWNER/S: not disclosed

TYPE OF PRODUCT: investment/crypto MLM

PRICE: $200 minimum

SUMMARY:  do think that GoSolar Mining likely to be a pyramid scheme and a scam considering it shows quit a few a major red flags.

These red flags include its heavy reliance on recruitment in order to continue running and being able to essentially pay its members those ridiculous investment returns, the lack of an owner showing their face and of course the lack of any retailable products for non affiliate customers is another big indicator that GoSolar Mining has a high likelihood of being a scam.

FINAL RATING: 0/5

RECOMMENDED: NO!!


WHAT IS GOSOLAR MINING?

Gosolar mining logo

GoSolar Mining appears to be a MLM company through which affiliates will be able to make money by recruiting others as well as through investing in solar panels and cryptos, like ripple, using their platform.

I also know the website itself was registered in 2018 but was officially launched in late 2019 and that their corporate address is located in Gilbatar however, there really isn’t too much information about who or what runs the company.

I guess you could say that a merchant named Regus is the guy that owns the company but, that name doesn’t really help in discovering the face behind GoSolar Mining.

Normally when the owner or owners of a company fail to at least show their face and associate themselves with a company, the company in question tends to not be very great therefore, the lack of information here is a pretty major problem in my eyes and a pretty big reason to be suspicious if you were planning to join.

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GOSOLAR MINING PRODUCTS

Besides being able to rent a solar panel window on their solar panel fields, GoSolar mining does not seem to sell any retailable products. All that an individual can do is sell intangible stuff such as the affiliate membership and the ability to rent something without actually physically being able to see or use it.

This is actually a major problem because the first thing a legit MLM company must have are products that normal customers who don’t want to participate in the compensation plan can purchase and of course GoSolar Mining doesn’t adhere to this.

You should know that it’s actually the FTC who govern the legitimacy of a MLM company and they clearly state that if a MLM company is unable to provide products that can be purchased by non affiliates, the company in question then does in turn show the characteristics of a pyramid scheme.


HOW DO YOU MAKE MONEY WITH GOSOLAR MINING?

As is the case with pretty much all MLM businesses there are 2 ways to make money with them, GoSolar Mining being no exception.

1. The first method is by investing in the GoSolar Mining “windows”

2. The second way to make money is through your recruits and down line which will generate you residual income by following and meeting certain criteria.


HOW TO GET STARTED

If you simply want to sign up to GoSolar Mining, it is actually free to do however, if you also want to participate in the compensation plan, you will then need to be willing to invest a  minimum of $200

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COMPENSATION STRUCTURE

GoSolar Mining’s compensation plan claims to earn specific returns depending on how much you’re willing to invest and the investments are labeled as 3 different ranks, I guess you could say.

As for what these investment plan and returns are, they include the following :

Benjamin Franklin Plans

  • invest $200 to $999 and receive 15% a month for three months
  • invest $1000 to $4999 and receive 20% a month for six months
  • invest $5000 to $9999 and receive 21% a month for six months
  • invest $10,000 to $14,999 and receive 22% a month for six months
  • invest $15,000 to $19,999 and receive 23% a month for six months
  • invest $20,000 to $24,999 and receive 24% a month for six months
  • invest $25,000 or more and receive 25% a month for six months

Thomas Edison Plans

  • invest $200 to $999 and receive 30% a month for three months
  • invest $1000 to $4999 and receive 35% a month for three months
  • invest $5000 to $9999 and receive 36% a month for three months
  • invest $10,000 to $14,999 and receive 37% a month for three months
  • invest $15,000 to $19,999 and receive 38% a month for three months
  • invest $20,000 to $24,999 and receive 39% a month for three months
  • invest $25,000 or more and receive 40% a month for three months

Nikola Tesla Plans

  • invest $200 to $999 and receive 45% a month for three months
  • invest $1000 to $4999 and receive 50% a month for six months
  • invest $5000 to $9999 and receive 52% a month for six months
  • invest $10,000 to $14,999 and receive 54% a month for six months
  • invest $15,000 to $19,999 and receive 56% a month for six months
  • invest $20,000 to $24,999 and receive 58% a month for six months
  • invest $25,000 or more and receive 60% a month for six months

In short I do think these returns are absolutely ridiculous and of course will not happen but, this is how GoSolar Mining is advertising their opportunity and to me it doesn’t showcase it as being very trustworthy.

Referral Commissions

GoSolar Mining affiliates can also earn referral commissions which are distributed through the use of unilevel structure. This means that an affiliate will be able to infinitely earn from recruits horizontally but vertically the earnings will be capped. In this case the earning are capped at the 4th level.

As for how the earnings are distributed, there are done so in the following manner :

  • Benjamin Franklin Plan investment pays 15% on level 1 (personally recruited affiliates) and 10% on level 2
  • Thomas Edison Plan investment pays 15% on level 1, 10% on level 2 and 5% on level 3
  • Nikola Tesla Plan investment pays 20% on level 1, 15% on level 2, 10% on level 3 and 5% on level 4


THE NOT SO GOOD THINGS

Recruitment Is Essential For Success

As there aren’t any retailable products, this means that the only way to earn via GoSolar Mining will be through recruitment. This is actually a very big red flag as the FTC and many pyramid schemes I’ve checked out over the years all seem to focus heavily on the recruitment side of things.

You should know that with pyramid scheme like entities, really only the first few individuals who join will make some positive returns whilst the newer affiliates basically fund the more established individuals and when recruitment dies so will GoSolar Mining.

And of course once the recruitment dies out, people who’ve naively invested in the crypto mining side of things will lose a good chunk of thier money whilst the admins of the whole fiasco run away with their hard earned cash.

This is very typical of pyramid schemes as is the heavy push on recruitment therefore, to me at least the fact recruitment is pretty much the only way to make money with GoSolar Mining is a major red flag

Absolutely Ridiculous Returns

When an investment company claims it can provide you returns of upto 60% through GoSolar crypto mining without any kind of proof that such a system works, you should definitely be super cautious of such an opportunity.

In essence GoSolar comes across as a get rich scheme, something that’s just too good to be true and as you know, if something sounds too good to be true, it usually is.

The only way that I can explain GoSolar mining being able to promise these returns is through the new money new recruits are putting in every time they “invest” in the crypto mining which would explain why recruitment is absolutely crucial for this biz and that without it the entire machine behind GoSolar would collapse.

No Retailable Products

As I said above, the FTC actually deem MLM entities without retailable products as pyramid scheme if not at the very least being on the cusp of being one therefore, the lack of any retailable products for non affiliate consumers is a huge red flag in my eyes and likely in the eyes of many other individuals.

The Owner Doesn’t Show Up

In my experience having reviewed hundreds of different MLM opportunities over the years, more often than not when a company or product’s owner doesn’t show up, it’s because the product or company in question is likely to be a scam.

So the lack of the owner disclosing any kind of information about themselves is another huge red flag to take note of.


THE GOOD THINGS

There is literally nothing good about GoSolar Mining in my opinion which in turn means that it’s probably something that you should try and avoid.

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IS GOSOLAR MINING A PYRAMID SCHEME/SCAM?

I do think that GoSolar Mining likely to be a pyramid scheme and a scam considering it shows quit a few a major red flags.

These red flags include its heavy reliance on recruitment in order to continue running and being able to essentially pay its members those ridiculous investment returns, the lack of an owner showing their face and of course the lack of any retailable products for non affiliate customers is another big indicator that GoSolar Mining has a high likelihood of being a scam.


MY PERSONAL RECOMMENDATION

I personally will always recommend against using a MLM business model to make money, not because you can’t make money through it (you totally can) but, the system has always seemed shady to myself and is kinda synonymous with the likes of a pyramid scheme or scams (MOBE and Digital altitude).

Instead I prefer working with something created through ones own means and is ultimately dependent on yourself and your work ethic alone.

This method I’m talking about is affiliate marketing. 

The reasons as to why I recommend it over MLM based structures are because

– there is no need to recruit constantly

– it is a legitimate method that has been working consistently and continues to grow as more businesses want individuals to promote products

– and because it is free to start up, no unnecessarily large start up funds needed.

The service I recommend is Wealthy Affiliate. It’s free to sign up to and will get you set up and ready to start your affiliate marketing journey within minutes, as it did for me when I begun my journey.

If you have any questions that you would like to ask me regarding GoSolar Mining, feel free to do so in the comments section below and I will get back to you as soon as I can. If you have your own thoughts about GoSolar Mining and would like to talk about it, again feel free to do so in the comments below!

Thanks

Amhil

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