Agora Advantage has been identified as a risky opportunity by Intelligence Commissioner users. It is similar to Nelo Life. We’ve received over 4 complaints against Agora Advantage.
Agora Advantage, which has been in the MLM market in California since 2015, has received criticism for offering potentially outmoded business solutions such as CRM systems, networking events, and a company directory. Skepticism surrounds their effectiveness and relevancy in today’s economy. Co-founders Vince Baker, Mike Driggers, Brian Jacks, and Steve Aust each contribute a unique history to the organization, ranging from no MLM experience to important roles in other businesses. Despite controversy and regulatory attention, Agora continues to provide a variety of services tailored to diverse corporate needs.
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Key Takeaways
Is Agora Advantage Regulated? Do They Have a License?
Agora Advantage has been criticised for providing potentially out-of-date business solutions. These include a CRM system, networking events, and a business directory, which some argue do not satisfy modern corporate needs or effectiveness criteria.
Agora Advantage operates in the marketing MLM (Multi-Level Marketing) industry and is situated in California, as stated by the address mentioned on their official website.
The company’s internet presence, through the site “agoraadvantage.com,” was formed in 2015, which corresponds to the timeframe provided by their social media accounts. Agora Advantage advertises that it has been in existence for more than eight years.
The co-founders of Agora Advantage are Vince Baker, Mike Driggers, Brian Jacks, and Steve Aust. Notably, each entrepreneur contributes a distinct set of experiences to the organization.
- Vince Baker works with Vince Baker Ministries and promotes himself as a Business Marketing Agent, Internet Marketing Coach, Public Speaker, and Author. He has no prior experience with multilevel marketing.
- Mike Driggers had an important role as Vice President of the GoFun Rewards Ponzi scheme, which collapsed in May 2013. Driggers’ career path changed after GoFun Rewards, when he began marketing coaching.
- Brian Jacks has skills in finance and real estate, but no background in MLM.
- Steve Aust is the Chief Growth Officer and Director at Ion Digital Corp, which specializes in cryptocurrency integration. He has substantial experience in venture finance, direct sales, and energy solutions, having previously worked with Verdant, a firm that transitioned from automotive to energy solutions.
The terms and conditions on the company’s website state that Agora Advantage limits its liability for damages and requires users to follow all applicable laws.
Notably, these agreements state that using their Merchant Marketplace does not form a joint venture, partnership, employment, or agency connection.
The lack of regulation or the presence of poor regulation is a huge red flag. It means Agora Advantage is a scam and most likely, an illegal operation.
Companies offering investment services or opportunities without having a license can vanish without leaving a trace. Furthermore, the lack of a regulatory license allows them to get away with it and face no legal consequences.
That’s why it’s vital for you to always check a company’s regulation status as well as its license information. The presence of a license allows consumers to reach out to an authority if something goes wrong.
In the case of Agora Advantage, victims have nowhere to go due to the absence of a watchdog or license.
You should ask yourself the following questions when you come across a new investment firm or opportunity:
- Does the investment provider maintain transparency about its CEO?
- Do they have a license from a renowned regulatory authority?
- If the need arises, can I reach out to an authority to report this company as a scam?
Trading Conditions and Deposit/Withdrawal Methods at Agora Advantage
Agora Advantage promotes itself as a provider of diversified business solutions and strategies that cater to a wide range of business kinds.
Agora Advantage offers a broad range of services to assist businesses at different stages and needs: To increase online visibility, internet marketing services include SEO, bought traffic, video marketing, and review marketing. Their eLearning platforms are designed to provide entrepreneurs with the necessary tools for success.
Website development services emphasize modern design trends, SEO, and conversion optimization. Agora provides critical tools and strategic direction to start-up firms. Furthermore, their credit card processing and company finance solutions seek to provide competitive rates and attractive financial terms.
While precise pricing for these services has not been published, Agora Advantage encourages potential clients to schedule a free consultation for additional information.
Agora Advantage provides many tiered business subscriptions ranging from free to $1,297 per month, each with increasingly more features.
- Market Awareness (Free): Offers marketplace access, business network events, and a directory listing.
- Market Partner ($97 per month): Includes sales support, a business academy, and more business tools.
- Market Elevator ($197/month): Implements automation and workflows.
- Market Accelerator ($697 per month): Includes Instagram promotion.
- Market Dominator ($1,297 per month): Offers press release dissemination.
Compensation and Affiliate Program
Agora Advantage allows individuals over 18 to earn commissions, emphasizing recruitment and sales by affiliates. This MLM structure often links earning potential to the recruitment of new members, a hallmark of many MLM schemes that can blur the lines between legitimate business and pyramid scheme.
Agora Advantage’s compensation plan comprises commissions on business package sales. The MLM scheme has numerous ranks, each with unique sales and recruitment requirements, ranging from Member Advisor to Executive Member Advisor. The model pays commissions up to seven layers deep, based on the affiliate’s rank, and provides bonus pools for higher ranks.
Affiliates can also make money by referring third-party merchants, with a 3% commission on company-wide sales made from these vendors. Agora Advantage affiliates pay a $97 monthly membership fee.
However, it’s worth noting that many scammers disable their payment channels before shutting down their operations.
They might give you multiple reasons including:
- A technical error
- A glitch in their system
- Banking issues
- A “hacking attack”
And many others.
But in 9/10 cases, the scammers stop making payments and keep the money to themselves. Hence, the payment methods we discussed here might not work.
If you want to get your money back from a scammer, you’d need to file a chargeback.
Agora Advantage Customer Service: Do They Handle Complaints Well?
While Agora Advantage has garnered excellent feedback on various platforms, such as SoTellUs, there have also been customer complaints and negative reviews questioning the company’s sales techniques and product quality.
These varied evaluations show the debate around the company’s reputation and customer satisfaction.
Discussions on platforms such as Reddit have generated concerns that organizations like Agora are part of a broader network of MLM businesses that may participate in exploitative and cult-like behaviors, often known as “Slave Circle” businesses.
When it comes to scammers, you should only measure the quality of their customer service if they respond to your complaint.
In the beginning, scammers tend to remain very accessible.
This means their representatives will keep calling you until you invest with them. Furthermore, they will act friendly and make it seem as if you’re one of their most valuable consumers.
However, they do all this just to win your trust.
Scammers understand that to convince someone to give them a large sum, they will need to seem like a friend.
Nevertheless, when you have invested a considerable amount of money and need to get it back, their customer support will become inaccessible.
All of a sudden, their numbers would either stop responding or become unavailable.
Still, they might remain accessible to convince you to invest further. Also, they might begin by making a few excuses regarding your payment.
However, in the end, customer support won’t resolve your issues and become increasingly unavailable.
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Agora Advantage Reviews: What Do Others Say?
It’s worth noting that many scammers tend to purchase fake reviews. Buying fake reviews has become extremely easy and it’s a multi-million dollar industry.
Scammers like Agora Advantage tend to purchase fake reviews for their online profiles to make themselves seem more credible.
TIME Magazine investigated the fake review industry and estimated it to be worth more than $150 million. Certainly, there are a ton of scammers who want to seem legitimate and a bunch of fake reviews is the most effective way to do so.
That’s why you shouldn’t trust Agora Advantage reviews easily.
It’s easy to identify fake reviews as well. You should look out for 5-star reviews posted by temporary accounts (profiles that only posted 1 or 2 reviews on the platform). Also, you should see if the positive reviews share any detailed information about their experience with the firm or not.
In the case of Agora Advantage, chances are, you wouldn’t find many legitimate reviews.
Another prominent way scammers like Agora Advantage enhance their credibility is by burying negative reviews and complaints under a lot of fake reviews.
This way, when you’ll look up “Agora Advantage reviews”, you might not find many complaints. Or, you might find them buried within numerous reviews praising Agora Advantage.
You should always look out for consumer complaints. In the case of Agora Advantage, the most common complaints I found were about:
- Poor customer support
- Delays in payments
- High fees
- Lack of transparency regarding their leadership team
- Aggressive sales staff
Do you have a similar complaint about Agora Advantage? You can share your complaint in the comment section or submit an anonymous tip.
Is Agora Advantage Legit Or a Scam?
Despite Agora Advantage’s claim of having been in business for eight years, some of their offers appear to be out of date. The relevance and utility of services like the Local Connect company directory and press release dissemination are debatable, particularly given their high advertised prices and the growth of digital marketing tactics.
The boundary between retail and recruited affiliate sales is blurred, which may lead to the business model resembling a pyramid scheme if affiliates account for the majority of sales. Potential affiliates should inquire about the ratio of affiliate members to retail customers to determine whether the company prioritizes actual product sales above recruitment.
In terms of market presence, the low visitor traffic to Agora Advantage’s website indicates the need for greater marketing methods, despite the company’s concentration on providing similar services to others.
Overall, while Agora Advantage provides a variety of business solutions, the effectiveness and modern relevance of these services, as well as their MLM strategy, require careful consideration before engaging.
Agora Advantage is an unregulated entity. Although they might fall under the jurisdiction of a watchdog, they don’t have the license to offer financial services to consumers.
The lack of a license means they are not answerable to any regulatory authority. As a result, the people behind Agora Advantage can run away with your money without any prior notice. It would help if you were extremely cautious when dealing with an unregulated service provider.
The absence of a watchdog also means you cannot report to them to anyone.
Also, due to the absence of specific regulations, there is no provision protecting you from the insolvency of this entity. If they go bankrupt, you won’t be able to do anything about it.
Can You Trust Agora Advantage?
All the evidence suggests that Agora Advantage is a scam. If you have lost money to them, there is still a chance you can get it back.
To recover your funds, you’d need to file a chargeback.
Frequently Asked Questions
Is Agora Advantage a scam?
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Where is Agora Advantage Located?
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How The Agora Advantage Online Scam Works
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