There is no information on the Life Skills Business Network website indicating who owns or runs the business.

The Life Skills Business Network website domain (“lifeskillsonlinebiz.com”) was registered on the 25th of September, 2014. Adewale Adeyemi (right) is listed as the owner of the domain, with an address in Ogun, Nigeria also provided.

Life Skills Business Network appears to be Adeyemi’s first MLM venture.

Read on for a full review of the Life Skills Business Network MLM opportunity.

The Life Skills Business Network Product Line

Life Skills Business Network has no retailable products or services, with affiliates only able to market Life Skills Business Network affiliate membership itself.

Once signed up, Life Skills Business Network affiliates purchase matrix positions to participate in the attached income opportunity.

Bundled with each matrix position and level upgrade purchase are “courses”, covering:

greatness and financial abundance

financial education

skills mastery

“the entrepreneur and leader”

“the complete business & leader course”

strategic business leadership & money management

No details about who authored Life Skills Business Network’s courses is provided.

The Life Skills Business Network Compensation Plan

The Life Skills Business Network compensation plan sees affiliates purchase ₦2,000 NGN positions in a 4×6 matrix.

A 4×6 matrix places an affiliate at the top of the matrix, with four positions directly under them:

These initial four positions form the first level of the matrix, with the second level generated by splitting the four positions into another four positions each (16 positions).

Subsequent levels of the matrix are generated in the same manner, with a complete 4×6 matrix housing 5460 positions.

Commissions are paid as positions in the matrix are filled, with positions filled via direct and indirect recruitment of Life Skills Business Network affiliates.

How much of a commission is paid is determined by what level of the matrix a position is filled:

level 1 (positions cost ₦2000 NGN ($6.28 USD)) – ₦1000 NGN per position filled ($3.14 USD)

level 2 (costs ₦3000 NGN to unlock ($9.42 USD)) – ₦1000 NGN per position filled ($3.14 USD)

level 3 (costs ₦5000 NGN to unlock ($15.70)) – ₦2000 NGN per position filled ($6.28 USD)

level 4 (costs ₦10,000 NGN to unlock ($31.40 USD)) – ₦3500 NGN per position filled ($10.99 USD)

level 5 (costs ₦15,000 NGN to unlock ($47.10 USD)) – ₦5500 NGN per position filled ($17.27 USD)

level 6 (costs ₦20,000 NGN to unlock ($62.79 USD)) – ₦7500 NGN per position filled ($23.55)

Promotional Rewards

Commissions are paid out as positions in the matrix are filled. The following promotional rewards are awarded if an entire matrix level is complete:

level 1 (4 positions) – no reward

level 2 (16 positions) – “branded t-shirt”

level 3 (64 positions) – “smart phone”

level 4 (256 positions) – “laptop”

level 5 (1024 positions) – “split AC + sound system”

level 6 (4096 positions)

🤖 Quick Answer

Who owns the Life Skills Business Network?
Adewale Adeyemi, based in Ogun, Nigeria, is listed as the owner of the domain lifeskillsonlinebiz.com, registered on September 25, 2014. The ownership information was not initially disclosed on the company's website but appears in domain registration records.

What products does Life Skills Business Network offer?
Life Skills Business Network has no retailable products or services. Affiliates can only market the Life Skills Business Network affiliate membership itself, focusing on recruiting new participants into the matrix structure rather than selling tangible goods.

What is the business structure of Life Skills Business Network?
Life Skills Business Network operates as a multi-level marketing scheme utilizing a six-tier matrix recruitment system. Affiliates purchase matrix positions to participate in the opportunity, indicating an income model based primarily on recruitment rather than product sales.

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