SmartMula’s website doesn’t have information about who owns or runs the company.
The domain name for the SmartMula website, “smartmula.com,” was registered on October 24, 2021. The last change to the private registration was made on December 26, 2022.
If an MLM company isn’t clear about who owns or runs it, you should always think twice before joining or giving them any money.
SmartMula has no products or services that can be sold.
Affiliates can only promote SmartMula’s affiliate membership.
When you sign up to be a SmartMula affiliate, you get access to “many online products,” such as programming lessons and Forex lessons.
Plan for paying SmartMula
Affiliates of SmartMula get paid $5. When they bring in other people who do the same thing, they get paid commissions.
SmartMula gives commissions for referrals down three levels of recruitment (unilevel):
I don’t know how much SmartMula affiliates in Kenya paid in USD, but it cost them 450 KSH to join.
This is how the SmartMula membership fee of 450 KSH is split in terms of commission:
level 1 (affiliates you recruited yourself): 250 KSH (about 55%)
level 2 – 100 KSH (~22%)
level 3 – 50 KSH (~11%)
Signing up to be a SmartMula affiliate costs $5. It looks like this is a one-time payment.
A pyramid scheme is what SmartMula is. The $5 that new recruits pay goes to pay the commissions of the people who found them.
The fact that SmartMula affiliate membership comes with a bundle of services has nothing to do with the fact that it is a pyramid scheme. Nothing is marketed or sold to retail customers as part of SmartMula’s MLM opportunity.
SmartMula is a pyramid scheme because the only way to get paid is to get other people to join.
From what I can tell, SmartMula was first advertised all over Africa, especially in Nigeria, Kenya, and Uganda (possibly elsewhere). That is no longer true.
SimilarWeb sees that the number of people visiting SmartMula’s website keeps going down:
SmartMula seems to have failed everywhere except Egypt.
If SmartMula can’t find new victims somewhere else, the scam will end when it fails to recruit people in Egypt.
Math shows that most people who join MLM pyramid schemes will lose money.