iBuumerang is a multi-level marketing (MLM) company founded in 2019 by Holton Buggs, a prominent figure in the network marketing industry. The company offers a unique approach to travel services, allowing members to access discounted travel rates and earn commissions by referring others to the platform. Their mission is encapsulated in the concept: "you only earn when your customers save."
How iBuumerang Works
Members, referred to as Travel Savings Ambassadors (TSAs), are provided with "boomerangs," which are special codes they can share with potential customers. These codes grant access to the iGo travel booking platform, where users can book hotels, flights, and other travel services at discounted rates. When a customer saves money on a booking through a boomerang, the referring TSA earns a commission based on the savings.
Membership Levels and Costs
To join iBuumerang, individuals start with a Standby enrollment kit priced at $49.95, which includes basic tools and a limited number of boomerangs. For enhanced benefits and earning potential, members can upgrade to one of three tiers:
- Coach Class: $250 one-time fee and $49.95 monthly, includes 10 boomerangs.
- Business Class: $500 one-time fee and $99 monthly, includes 25 boomerangs.
- First Class: $1,000 one-time fee and $99 monthly, includes 50 boomerangs.
Higher-tier memberships offer more boomerangs and greater commission percentages.
Pros of Becoming an iBuumerang Member
- Access to Discounted Travel: Members and their referred customers can enjoy significant savings on travel bookings.
- Innovative Business Model: Earnings are directly tied to customer savings, promoting a customer-centric approach.
- Established Leadership: Founder Holton Buggs has a notable history in MLM, bringing experience to the company's operations.
Cons of Becoming an iBuumerang Member
- High Initial Investment: Upgrading to higher membership tiers requires a substantial upfront cost.
- Ongoing Monthly Fees: Members must pay monthly fees to maintain access and benefits, which can add up over time.
- Recruitment-Focused Earnings: Success often depends on the ability to recruit new members, a common characteristic of MLM structures.
Member Feedback
Feedback from members varies. Some appreciate the community and potential for residual income. One Glassdoor review notes:
"Great community, residual income earning potential, and consistent feedback and mentorship."
However, others express concerns about the business model. Another review cautions:
"Pyramid scheme, expensive to join in order to get benefits, you need to remain active."
Additionally, discussions on platforms like Reddit highlight skepticism, with users questioning the legitimacy and structure of the company.
Conclusion
iBuumerang presents an opportunity for individuals interested in the travel industry and MLM business models. While there are benefits such as discounted travel and a supportive community, potential members should carefully consider the financial commitments and the emphasis on recruitment. As with any business venture, thorough research and understanding of the company's structure are essential before making a decision.