I decided to write this Forsage review because of the increasing interest that I was seeing online about it.
I wanted to give you the opportunity to learn what Forsage is, how it works, what it offers, and how you can make money with it so that you can see if it is really worth it for you to join.
I like to stay away from the hype and just stick with the facts about what the company offers and lacks.
You are also going to learn if, in my opinion, this company is legit, or if it is a scam with my reasons as to why.
With that said, let’s dig in and learn what Forsage is.
Forsage Review – Summary
Forsage is an MLM company that offers its affiliate members the ability to earn Ethereum (a cryptocurrency) through referral marketing. The compensation plan is structured in multiple matrix blocks that you will need to fill in order to earn commissions which are traditionally referred to as a “matrix cycler“.
- Program: Forsage
- Type: Investing/Cryptocurrency
- Program Owner: Unknown?
- Price: .05 ETH
- Money-Back Guarantee: None
- Recommended?: No
The Forsage opportunity attracts people that are interested in:
- Cryptocurrency
- MLM Cyclers
- Network Marketing
Company Details
One of the things that I like to see when I start researching any company that you can make money with is to learn who the owner is.
This information will give me the ability to learn about the experience and the background that the owner has.
With that said, there is no information about who runs or owns Forsage on the company website.
This is unfortunate because it doesn’t let potential new members know who they are going into business with and gives a negative appearance in my opinion.
On the company website, I did notice that they even say that the program is an AI software system that has no admins.
Ok, so this information also gives a negative appearance because there is an admin fee that you will need to pay when purchasing “positions”.
So, who does that money go to, a computer?
There is always going to be someone pulling the strings, so the question is who is it?
When doing some research on the company domain name, here is what I found:
- The domain name “forsage.io” was registered on 2-9-2020
- The domain name was privately registered.
Since the domain name was privately registered, there was no additional information that was found using this strategy.
It is very unfortunate that the owner/s want to be mysterious and do not want their names known.
This is a red flag issue for me.
With that said, let’s continue.
Another great review: Tradera Review 2020 – Forex Trading Education and Reliable Residual Income
What Products Does Forsage Offer?
In this section of my review, I will cover the information about the products that Forsage offers.
After taking a look around the company website there are NO retail products that Forsage offers for regular customers.
This is very unfortunate after I found out that the compensation plan IS a multi-level compensation plan.
I will explain why this is unfortunate in my “Is It A Scam” section below.
With that said, the only thing you can do is to join as an affiliate member and earn cryptocurrency from the compensation plan the company offers.
Let’s continue.
Another great review: Globallee Review – Scam or Legit MLM? Compensation Plan Exposed
How Does The Forsage Compensation Plan Work?
In this section of my review, I will cover the information on how the Forsage compensation plan works.
There is not much to how the Forsage compensation plan works.
I noticed that the company has several fancy names to describe what type of compensation plan they use to pay you your commissions like:
- international crowdfunding
- matrix project
- smart contracts
- etc.
In the simplest form, the compensation plan uses, what is called, the Matrix Cycler compensation plan that has been used for several years.
These “Matrix Cyclers” are notorious for having a great initial start but always end up fizzling out into nothingness over time due to a lack of new people getting signed up.
How Does It Work?
Basically, to start, the company offers several small-scaled matrixes that you will initially have to purchase a “position” in order to earn from that 1 matrix.
When all of the positions in that Matrix are filled with other members that paid for their position, then you cycle a commission.
This allows you to take your commissions and enter the next Matrix that will cost a bit more than that first one without any out-of-pocket expense.
Another way is for you to purchase 1 position in some or all of the Matrixes that are offered to get a jump start.
If someone that you enrolled decides to purchase a position in a higher Matrix position that you started with, then those commissions from that Matrix will get passed up.
Compensation Plan Breakdown
Now that we know the concept of the compensation plan, let’s get into the details of how it works.
Forsage offers 2 Matrix cycler structures which are:
- 3X1 and a…
- 2X2
The 3X1 is structured with only 3 people on your first level.
The 2X2 is structured with 2 people on your first level and 4 people on your second level.
When any of the Matrixes are filled up with paid members, you earn a commission payout or “cycle”.
To get started on either Matrix you will need to invest 0.05 ETH (Ethereum).
When the 3X1 Matrix is filled, you will earn 0.05 ETH
When the 2X2 Matrix is filled, you will earn 0.075 ETH
When you fill-up any of the Matrixes, you will have the ability to enter into a new 3X1 or 2X2 Matrix, whichever one you fill.
You can also enter into a higher Matrix if you pay in advance.
It also appears that when you refer your first member, you will recoup your investment according to the FAQ section.
This is all of the information about the compensation plan and how you can make money that I have about Forsage at this time.
With that said, let’s continue.
Another great review: 10X Reach Review – Scam or Real SMS Money Maker? Compensation Plan Details
FAQ About Forsage
In this section of my review, I am going to cover some of the questions that people may have when thinking about joining the Forsage opportunity.
Is Forsage BBB Accredited
No, Forsage is not accredited with the BBB at this time.
In my opinion, the reason is that they don’t really have a traditional MLM company business model.
I don’t see Forsage becoming BBB accredited due to the nature of their business model.
How Much Does Forsage Cost To Join?
The cost to join the Forsage membership is 0.05 ETH.
This will give you access to the compensation plan and earn commissions.
Is Forsage a Pyramid Scheme?
After looking at all of the information, Forsage is not a scam but has some issues.
The first and main issue is that the company does not offer any retail products.
The FTC describes a company that offers multiple levels of commissions (MLM) and no retail products as a Ponzi Scheme.
Conclusion: Forsage Review
After taking a look at all of the information, the first thing that comes to mind is a non-transparent “new-school” matrix cycler plan because of the ETH payout they use.
In my review, you have learned about the company, the products they offer, and the compensation plan.
At this point, you should have a good idea about what Forsage is, how it works, what they offer, and how you can make money with the program.
What are your thoughts about it up to this point?
But here is the question…
Do I Recommend Joining Forsage?
Without a doubt, Forsage is a hot program that is gaining attention right now.
With that said, I have joined many programs like this in the past that I did make money with but had to eventually start over with another program because in my experience these types of programs do not last.
- They either go down from lack of interest or new sign-ups.
- Or the government shuts them down.
Think about it, what reason would someone have to stick around and continue to promote if they are not earning anything?
You don’t receive any product or service for your investment.
The only ones that really make a lot of money with these types of programs are the ones at the top of the matrix.
If you were to ask me if I would personally join, I would say no, due to the issues that I found with the company.
With that said, I hope you enjoyed my Forsage review.
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Thank you for your support!