Summit77 is a MLM been headed by President and CEO, Will Williams who grew up in Florida and attended college on an athletic scholarship. On Summit77 website, Will Williams is described as been "highly successful in all his business ventures, several of which include building homes, real estate and network marketing, which he started in 1983, prior to attending college. The Summit77 director of operations is Flynn McCarthy.
Summit77 Line of Products
Summit77 line of products includes ability of members to participate in the company's compensation plan, getting access to some internet marketing tools as well as discounts on travel needs. There are four different types of membership; Bronze, Silver, Gold and Platinum.
Bronze membership cost $50 as a first time payment, plus $15 per month and gives you access to a library of educational digital products and movies. Access to internet marketing tools, blogging system, social media tools and search engine optimization training.
Silver membership cost $250 as first time payment, plus 15$ per month. With Silver Membership, you will receive the Summit 77 Hotel Card, which allows you to have exclusive access to over 120,000 hotels online and more than 83,000 additional properties over the phone.
Summit77 claims to have partnered with Jeju Island, Mt. Baekdu, Holy Land and the West Coast of USA to offer exclusive discounts to their Korean members. Korean members can also buy household appliances at a discounted price at Hi-Mart.
Gold membership cost $750 and $15 per month. Gold members receive the Summit 77 Condo and Summit77 Cruise cards, which allows them to have access to over 13,000 cruise itineraries, including cruise specials, condo programs in more than 200 countries.
Platinum Membership cost $105 per month. No initial payment is required. The membership gives you access to a Peak Marketing and an Autoresponder system, Unlimited Summit Cloud computer back up software and the Summit English as a Second Language Learning Series.
Summit77 Compensation Plan
Bronze Compensation Plan
Summit77 compensation plan revolve around recruitment of affiliates either through direct recruitment or recruitment by sponsors. As a Bronze member, you receive a 2x2 pay center, where you get placed on top of the structure (pay center). With the structure branching off to left and right positions, immediately below you (2 line) and then branching off once again to form other 4 positions (pay-line), completing the matrix.
When a new affiliate joins under you, her or she is first placed on your left leg (2-line). Once he or she recruits two more members, the left leg is complete and you earn $50 as commission. The whole recruitment process is repeated to fill up the right leg. However, this time, you earn $50 on each of the two positions filled on the right leg pay-line, giving you a total of $150 when all positions are filled. You also get a new follow sponsor pay center that works the same way as your first pay center.
Silver Compensation Plan
Silver works the same way as the bronze compensation plan. However, when all the 6 positions are filled, you receive one Follow Sponsor Pay Center (FSP), $400 as commission and you create a new position in the Global Pay Center (GPC). Global Pay Center (GPC) allows the first 510 members (26%) to be entered into GPC using the 2 x 2 pay center format. The remaining 1536 people (76% ) of the Global Pay Centers created will produce a Global Bonus Commission of $110 that is paid out immediately upon receiving a GPC.
Gold Compensation Plan pays out $675.00 as a commission when all the positions are filled. You also receive one Follow Sponsor Pay Center and $330.00 when Global Pay Center is completed.
Platinum Compensation Plan
Platinum compensation plan is 2x14 matrix system where an affiliate get placed on top of the structure, branching off to left and right positions to form level 1, until the 14th levels deep. Affiliates earn a commission of $5 per month on the cycling matrix.
Summit77 Payment Processors
Summit77 is currently accepting PayPal, Solid Trust Pay and Credit Cards payments. However, I can only expect Paypal payment to be cancelled anytime once Paypal realize Summitt77 is a MLM.
Summit77 main products involves the ability to get access to some internet marketing tools as well as getting discounts on accommodation on selected hotels. However, looking at the company's Platinum membership, which is the one exclusively for internet marketing, I fail to understand why would someone pays a monthly fee of $105 while indeed, you can get the same tools at a much cheaper rate.
There is also no clear relationship between the products been sold and the company's compensation plan or the matrix system. Summit77 seems to be solely marketing the affiliate membership rather than the products. As long as an affiliate keep on pumping more money into the system by recruiting atleast 2 news members and paying a monthly membership fee, you can expect to earn.
Note: Summit77 states there are "NO SPONSORING REQUIREMENTS". However, you will not earn anything unless you or your sponsor recruits on your behalf and it is clearly indicated here "when you gather two customers who do the same you have completed your pay center and earned $150.00 in commissions".