Welcome to my Tryp Rideshare Review.
One of the questions that we have to learn before jumping into any money-making program is if it is a scam or not.
We wouldn’t want to jump into a program that ends up getting shutting down due to non-compliance issues or the owner ends up running off with everyone’s money!
We are going to avoid this big pain that happens all the time in this industry by doing research and taking a close look at the company and owner information, the products or service the program offers, and how the compensation plan works, and how you make money with it.
We are going to put together all the information we gathered and give you a final judgment on the legitimacy of the Tryp company and the opportunity towards the end of this review.
We decided to take a closer look and dig into the details about this program due to the growing buzz that we see around the social media circles we are part of.
With that said, let’s dig in and see what we can learn about the Tryp company and opportunity.
It appears that the Tryp Rideshare company has shut down or closed.
When I try to go to their company website, it takes me to a page that says that the domain name is for sale.
If you have any news about what happened to the company, let us know in the comment section below.
Tryp is an MLM opportunity that you can earn money by participating in the rideshare program that the company offers and also by referring others and building a network of other affiliate members on your team.
Tryp is a service company similar to the 2 popular companies Uber and Lyft where they offer you the ability to become a driver and earn better commissions for becoming a driver.
The difference is that right now the service is not offered in all states (right now) and you will have to invest in order to become a driver.
However, the claim is that you will be able to earn much more than those 2 companies “if” the demand is there for the drivers.
The Company Overview
One of the things that we like to see when digging into the company details is to see some of the information about the owner on the company website.
This gives us the ability to look at the background and experience that the owner has and also offers a sense of trust.
Unfortunately, the Tryp company website does not offer this information about who runs or owns the company.
We dug a bit deeper and analyzed the domain name and here is what was found:
- The domain name “tryprides.com” was registered on 7-12-2018.
- The domain name is owned by Robert Mcnulty.
- There is a virtual address listed out of Nevada.
When I was doing research I was able to find that Robert is the CEO of Tryp through some of the members and some marketing material that was found.
The experience that we found on Robert was that he was the CEO of shopping.com.
Shopping.com had some issues with the SEC where the company was sent a colorful letter to change some things up.
Shpping.com was in the commerce industry and was later sold off to the company Compaq in 99′.
During the issues with the SEC and shopping.com, Robert resigned but was later hired back as a consultant for the company before it was sold to Compaq.
Before Robert was the CEO of shopping.com, he had some issues with the SEC in 94′ for not fulfilling the promise of where the investor’s money was really going towards with a different company he was running.
They eventually came to an agreement where they settled for an undisclosed amount in 95′.
There was another company that he started in 09′ that was called “Kaching Kaching” that was in the e-commerce MLM company.
The company only lasted for a few years that eventually just naturally shut down probably due to not being that popular, no complaints or issues with that one.
After Kaching Kaching it looks like he was the CEO, not the owner of the company SuppyBloc.
SuppyBloc was providing the SUPX ICO for $1 per coin at the time and blockchain technology but the company decided to pause the program due to issues with securities fraud which is still not active to this day which is 1-20-2019.
That is all we have on the company information, let’s move on to the next section.
Another great review: Modere Review – Scam or Legit? Compensation Plan Breakdown
Tryp Products Review
In this section of the review, we are going to cover the details about the products or services that Tryp offers.
First of all, this is a very new concept in the MLM industry and is actually the first of its kind as far as we know.
There is no retail products or service that are available with this opportunity but you will be able to promote the affiliate membership when you join.
The Tryp program is similar to Uber where you sign up and become a driver that uses an app that tells you when a customer requests a ride.
You have to pay a membership cost unlike Uber, but you get to keep all of the fair money in comparison.
This can really add up if you are an active driver and if the demand for rides with the Tryp app is up.
As of right now, I don’t see the Tryp app available at this time, but when it is available, you will be able to download the Tryp app from the Tryp website here.
If you are familiar with how Uber or Lyft works, it is basically the same thing but for the actual driver, you can make more money with the rides or fairs that you take.
Another great review: Total Life Changes Review – Scam or Legit? Compensation Plan Breakdown
Tryp Compensation Plan Breakdown
In this section of the review, we are going to dig into the information on how the compensation plan works and how you make money with the Tryp opportunity.
You will be able to earn money with the Tryp opportunity through the ride-sharing fees that you can make and through referring others and building a team.
Let’s dig into the RideShare commissions that you can make first.
Since the app is not active and there are no drivers at this time of writing this review, the rate is actually unknown.
We know that it is included in the compensation plan details that the company offers, but the details are not revealed yet.
This is not based on the MLM commissions model and reflects the affiliate-based 1 level compensation that you can earn.
What was explained is that you can earn on average, 40 cents per ride taken through the app for the drivers that are your direct referrals, but the exact information is not there yet.
The referral commissions that Tryp offers are paid when you personally sponsor new paid members and also when you build a team of affiliate members.
The first stage is the upfront money that you can earn when you personally sponsor a new member.
You will earn an upfront $50 commission for each person that joins the Tryp opportunity through your affiliate link.
The nest part of the referral commissions when the affiliate members renew their monthly subscription as a member.
Residual commissions are paid when your affiliate members renew their monthly subscriptions.
This starts on month 2 of your active and paid membership team members.
The first stage of the residual commissions works off of your personal production, then when you get a little deeper or sponsor more members that also start building a team you will start earning residuals from all your team members as well.
Here is a breakdown of how that works, the Tryp ranks, and what you can earn in residual commissions that Tryp offers:
- Rising Rank – To qualify for this rank you will need to personally sponsor and maintain 3 active affiliate members. Once qualified you will earn $50 per week.
- Pro Rank – To qualify for this rank you will need to pay an additional $149.99 per year and also have and maintain a total downline of 12 active affiliate members. Once qualified you will earn $150 per week.
- 1K Rank – To qualify for this rank you will need to have and maintain a total downline of at least 24 active affiliate members. Once qualified you will earn $250 per week.
- 2K Rank – To qualify for this rank you will need to have and maintain a total downline of at least 60 active affiliate members. Once qualified you will earn $500 per week.
- 5K Rank – To qualify for this rank you will need to have and maintain a total downline of at least 100 active affiliate members. $1250 per week.
- 10K Rank – To qualify for this rank you will need to have and maintain a total downline of at least 400 active affiliate members. Once qualified you will earn $2500 per week.
- 25K Rank – To qualify for this rank you will need to have and maintain a total downline of at least 1,000 active affiliate members. Once qualified you will earn $6250 per week.
- 50K Rank – To qualify for this rank you will need to have and maintain a total downline of at least 2,000 active affiliate members. Once qualified you will earn $12,500 per week.
- 100K Rank – To qualify for this rank you will need to have and maintain a total downline of at least 4,000 active affiliate members. Once qualified you will earn $25,000 per week.
- 250K Rank – To qualify for this rank you will need to have and maintain a total downline of at least 12,000 active affiliate members. Once qualified you will earn $62,500 per week.
- 500K Rank – To qualify for this rank you will need to have and maintain a total downline of at least 24,000 active affiliate members. Once qualified you will earn $125,000 per week.
The company uses an aspect of MLM unilevel compensation plan in how each leg has its own leg volume that counts towards qualifying volume.
With that said, no more than 40% of qualifying members will be counted towards the active member count qualifications to increase your rank and residual commissions.
For those that are not familiar with how the unilevel compensation plan structure works, here is a quick breakdown:
- 1st Level – The first level of your unilevel compensation plan will only have your personally sponsored members on it.
- 2nd Level – The second level of your unilevel compensation plan will only have team members that your level 1 members personally sponsored on it only.
- 3rd Level – The third level of your unilevel compensation plan will only have team members that your level 2 members personally sponsored on it only.
- and so on…
- Each personally sponsored member counts as one single leg.
That is all there is on how the compensation plan works and how you make money with it.
Let’s move on to the next section.
Another great review: Bonvera Review – Scam or Legit? Compensation Plan Breakdown
My Tryp Q and A Section
In this section of the review, we are going to answer some of the questions that people may have when thinking about joining the Tryp opportunity.
Is Tryp Accredited With The BBB?
No, the Tryp company is not accredited or listed on the Better Business Bureau as of right now.
This does not mean that the company is a scam, it simply means that it is not listed or accredited at this time.
I usually only refer to the BBB for additional company information and to compare the reviews and testimonials with my other resources when the BBB offers those details.
What’s The Cost To Join Tryp?
To become an affiliate member where you can have access to the compensation plan and become a driver if you choose will cost $250 plus $199 per month.
There is an additional fee that is associated with becoming commissions qualified past the “Pro Rank” which will cost $149 per year.
Where Do You Download The Tryp App?
Unfortunately, the Tryp app is not available at this time.
You can visit the Tryp website “when it is available” and then click on the Google or Apple app store links at the bottom footer area to start the installation process.
What Cities Are Tryp Available In?
Tryp is not available in every city as of right now, you will have to download the app (when it is ready) to see if you can request a driver in your area but the company plans on launching Tryp in a TON of cities very soon.
Here is a list of some of the states that Tryp is available in or will be available soon:
- and many more…
You can find the full list of what specific cities that Tryp will be available on the Tryp company website here.
The next section of the review will cover the question that many of you have been waiting for which is…
Is Tryp a Scam or Legitimate Opportunity?
In my opinion, yes, Tryp is not a scam and a legitimate opportunity but honestly, it is way too new of a concept for us to really give you a definite rating at this time.
There are some issues that I see with the program as of right now which are:
- The app is not active yet.
- There are no drivers as of right now.
- No incentives for customers to join (as of right now)
I really do like the concept and the risk-taking that this opportunity is doing.
Overall, the business model looks legit and will be very interesting to see how it all gets played out.
I hope this scenario doesn’t happen…
Down the road, if the service model gets big and popular through the Network Marketing side of it where they start having issues with regulations where they have to take away the MLM aspect of the business model later down the road.
Overall, I do very much like what they offer and the compensation plan.
Related articles: MLM Reviews, Scams, and Compensation Plans
My Final Tryp Review and Final Thoughts
In the final section of my review, I am going to share my final thoughts on the Tryp opportunity as a whole.
We have taken the time to review the details about the company and owner, the service that they offer, and how the compensation plan works, and how you make money with it.
We also discussed our opinion on why the jury is still out on this one on whether or not is a scam due to some of the red flags that we’ve seen and the fact that this is a totally new concept to the MLM industry.
At this point in the review, you should have a great understanding of how the Tryp opportunity works and what it is.
What are your thoughts?
But here is the question…
Do we recommend the Tryp opportunity?
As of right now, yes, we do recommend the Tryp opportunity but with caution.
This is a truly new concept to the MLM industry that might be an amazing opportunity to jump into early.
If you are in front of this opportunity if it takes off, you will be able to position yourself in a great and very profitable spot.
But, and there is always a but, I don’t know how the regulators are going to feel about this one since it is a new concept to the MLM world and that is where the caution comes in.
Just know if you decide to join, you are jumping into untested waters that might turn out bad, but on the other hand, it might turn out to be the best opportunity to jump into ever.
With that said, if you are an entrepreneur and like to take chances, then this is a good one to go with, in my opinion.
I really like this angle and concept that this company is going with.
Let’s see if the app really works like how it is supposed to and find out if the government finds no issues with it.
With that said, I hope you enjoyed my Tryp review.
Make sure to click on the social share buttons on this review to share it with others before you go so that people can learn exactly what the Tryp opportunity is really all about.