Silverchief Mint operates in the precious metals MLM niche.
The company is based out of South Africa and headed up by founder Brandon Marriott.
Prior to founding Silverchief Mint, Marriott was promoting
WorldVentures
.
Read on for a full review of Silverchief Mint’s MLM opportunity.
Silverchief Mint’s Products
Silverchief Mint has no retailable products or services, with affiliates only able to market Silverchief Mint affiliate membership itself.
Silverchief Mint’s Compensation Plan
Silverchief Mint affiliates sign up and pay a fee. Commissions are paid when they recruit others who do the same.
Note that while Silverchief Mint operates from South Africa, for some reason the compensation material cited in this review is pegged to the UK’s pound (£).
For reference, Silverchief Mint
do not
provide a copy of their compensation plan on their website.
Recruitment Commissions
Silverchief Mint affiliates receive £50 GBP per affiliate recruited.
Residual Commissions
Silverchief Mint pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
Rather than pay residual commissions based on individual binary team tree placement, Silverchief Mint pays a fixed residual commission based on personal recruitment efforts.
generate a binary team with four affiliates on both sides(4/4) and receive £50 GBP a month
generate a binary team with ten affiliates on both sides (10/10) and receive £250 GBP a month
generate a binary team with twenty affiliates on both sides (20/20) and receive £500 GBP a month
generate a binary team with fifty affiliates on both sides (50/50) and receive £1000 GBP a month
generate a binary team with one hundred affiliates on both sides (100/100) and receive £2000 GBP a month
generate a binary team with one hundred and fifty affiliates on both sides (150/150) and receive £3000 GBP a month
generate a binary team with three hundred affiliates on both sides (300/300) and receive £6000 GBP a month
generate a binary team with six hundred affiliates on both sides (600/600) and receive £12,5000 GBP a month
Joining Silverchief Mint
Silverchief Mint affiliate membership is £100 GBP and then £50 GBP a month.
Conclusion
Silverchief Mint markets itself as “a silver commodity company based in South Africa”.
In reality it’s a simple “pay a monthly fee and get paid to recruit others who do the same” pyramid scheme.
The ruse behind S
🤖 Quick Answer
What is Silverchief Mint?Silverchief Mint is a precious metals multi-level marketing company headquartered in South Africa and founded by Brandon Marriott. The company operates by recruiting affiliates who pay membership fees, with commissions generated primarily through recruitment rather than product sales.
What products does Silverchief Mint offer?
Silverchief Mint does not offer retailable products or services. Affiliates can only market Silverchief Mint membership itself, making the business model recruitment-focused rather than product-driven.
How does Silverchief Mint's compensation structure work?
Silverchief Mint affiliates pay an initial fee to join. Commissions are earned when they recruit additional members who also pay membership fees, following a recruitment-based compensation model typical of MLM structures.
What is Brandon Marriott's background?
Brandon Marri
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