ShopToEarn reports that it has 45,000 “members.” I am interpreting that to include website owners, business builders, and brokers. Of those members, 10,000 of them, or 22% will be paid a commission on November 21st for October activity. That means 78% of people have earned no commission (despite claims that everyone can make money in STE!)
$7 million is being paid to the 10,000 members, for an average payout of $700 each. Obviously some will get much more than that, and some will get much less than that. We now see brokers getting paid an average of $163 per week from Shop To Earn and Shop To Earth.
Where are the massive earnings that STE members have emailed me about? This “business” is supposed to be so easy and so lucrative. So many claims are being made of thousands and thousands of dollars being earned. This is the key to financial freedom for so many. But I don’t know anyone who can live on $163 per week! That’s less than minimum wage!
Now you’re sitting at home thinking to yourself, “I’d like to make an extra $700 a month. That sounds great!”
Except your chances of doing that are very slim. Look at the numbers: 78% of people made zero in commission. And of the rest of people who did make commission, there are likely 1% or 2% at the top of the food chain who made the bulk of the money, and the rest of them made far, far less than $700 for the month.
The people at the very top, taking almost all the commission money paid out, are almost always people who got in very early. They get their commissions based upon the failure of people far down the chain… people who invest their money but can’t ever turn a profit.
That’s the sad reality of most of these companies. Most will never earn back their initial investment.