Zeek Is The Ballin Yeah
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- | One of the | + | One of the much more desirable qualities of a Ponzi program is that for extremely little work, if any sort of at all, associates may acquire a substantial return on their investments. [http://www.youtube.com/watch?v=XVk4rsgvYa0 Zeek Rewards Compliance] |
- | Splice this in with a | + | Splice this in with a Multi Level Marketing compensation strategy and allow the word spread virally with the sector as well as sooner or later you're bound to bring in the attention of other business working in the very same industry. |
- | With no | + | With no cords fastened members a good idea, it's obvious that lots of Zeek Rewards affiliates are involved primarily in additional NETWORK MARKETING possibilities that for some, forbid the cross marketing of any other chance to their existing downlines. |
- | The stricter of these affiliate/distributor | + | The stricter of these affiliate/distributor arrangements even ban the simple engagement in yet another NETWORK MARKETING business completely. |
- | + | Nevertheless, as VIP point balances swell those playing the multi-opportunity stakes in Zeek Rewards and also additional business are no doubt locating themselves in the tough position of weighing up their main Multi Level Marketing business with that of Zeek Rewards. | |
- | Simply put, it's difficult to neglect the returns Zeek Rewards pay | + | Simply put, it's difficult to neglect the returns Zeek Rewards pay daily for what may simply be considered passive financial investment income (via bought customers and advertisement placing automation). When you contrast this to a typical sales based Multi Level Marketing chance that relies on legitimate customers (not collected email addresses where the owners do not even understand they have actually been joined and don't have to actually buy everything to be tallied as consumers), it doesn't take long for the Ponzi'esque returns to rise above the income stemmed from a legit option. |
- | With this | + | With this regrettably the inevitable happens and Zeek Rewards members look to their own existing downlines in an work to expand their Zeek downlines. There's no quicker way to boost your very own investment returns than to encourage people you know to even spend and also gain the passive commissions this generates. |
- | Ultimately | + | Ultimately enough associates are involved in multiple business that administration can easily not brush aside queries from their field as well as in the most extreme cases, also locate themselves being called on to make a public statement on the possibility in question. |
- | 2 days one such | + | 2 days one such executive was Monavie's Chief of state of their North American and European markets, Randy Schroeder. |
- | Blasting Zeek Rewards on a July 16th Monavie " | + | Blasting Zeek Rewards on a July 16th Monavie " Authority Mentoring" call, Schroeder (who himself as being "one who has considerable knowledge of the (MLM) business") claimed that Zeek Rewards was a business that "comes along as well as scrubs individuals into a path that turns into a trail of devastation". |
- | + | Citing various requests "over the past numerous weeks pursuing his point of view on Zeek Rewards (presumably from Monavie associates), Schroeder (photo above) declared on the 16th that Zeek Rewards is " forbidden, a pyramid system ( as well as) quite possibly a Ponzi scheme". | |
- | Elaborating on why, Schroeder | + | Elaborating on why, Schroeder explains that "one of the very best means to predict the future is to properly and also vitally research the past". He then takes place to explanation that |
- | companies whose compensation | + | companies whose compensation methodology is even from another location similar to the method individuals are compensation in the program called Zeek Rewards, slips means outside of the FTC guidelines in regards to just what's valid in the network marketing or direct selling market. |
- | I | + | I indicate means, means, way outside the standards. |
- | My hunch is that Schroeder is speaking | + | My hunch is that Schroeder is speaking specifically about internal usage and that in its current form (and for the past year as well as a fifty percent), Zeek Rewards has functioned with close to 100 % inner intake by way of affiliates acquiring bids to award. |
- | + | The moment these bids are handed out, or unloaded onto consumer bank accounts ( produced with an e-mail address, and in numerous cases where the manager of the email address has actually not registered themselves or is even informed they are being joined to Zeekler, Zeek Rewards's cent auction arm), the Zeek Rewards affiliate who offered the bids they themselves purchased away, at that point goes on to earn a 90 day ROI on their bid acquisition. | |
- | The most | + | The most well known business Schroeder contrasts Zeek Rewards to might of course be Advertisement Surf Daily, a Ponzi scheme that offered ridiculous returns declaring its associates were acquiring marketing. |
- | In Zeek Rewards, the | + | In Zeek Rewards, the provider declares its members are acquiring penny auction bids and also provides comparable foolish returns, believed to be by and large funded by associate cash. Zeek Rewards reject to shed light on if this holds true and/or release documents showing otherwise. CEO Paul Burks declares that the comprise of the everyday ROI that Zeek Rewards pays out is a " exclusive formula". |
- | Based on this, Schroeder | + | Based on this, Schroeder concludes that Zeek Rewards will definitely "come to grief in the relatively close to future, not far in to the future", |
- | I think when | + | I think when individuals are being inquired to spend 10 thousand dollars into a program with the concept they have to do no work but will obtain excessively high returns, is screaming out in advance: "Don't do it, don't do it, don't do it, do not do it!" |
- | As well as yet so | + | As well as yet so appealing is the idea of swift hard earned cash for which one need not operate that alot of individuals are obtaining vacuumed into that path. |
- | + | Now I might merely to give you all my word of care, it's gunna blowup, it's gunna be an unsightly blowup, it'll probably happen sooner not later on as well as it will leave a route of devastation behind it. | |
- | It's | + | It's illegal, it's a pyramid, it's undoubtedly a Ponzi program, it's going to get closed down-- do not acquire scooped in to it. [http://www.youtube.com/watch?v=XVk4rsgvYa0 Zeek Rewards Customers] |
- | Adding | + | Adding more weight to Schroeder's words is a short look at the sorts of individuals the Multi Level Marketing dime public auction niche has enticed thus far: |
- | Zeek Rewards-- it's no secret that | + | Zeek Rewards-- it's no secret that several of the top earners in Zeek Rewards were best members in the Ponzi program Ad Surf Daily. Presumably a respectable portion of the initial investment seed money pumped in to Zeek Rewards came directly from Ad Browse Daily |
- | Bidify-- Bidify's Chief Creative Police officer, Frode Jorgensen has a past with being involved in | + | Bidify-- Bidify's Chief Creative Police officer, Frode Jorgensen has a past with being involved in seaward profit opportunites that strongly looked like Ponzi programs. A number of other creators exist, nonetheless they are shrouded in secrecy with Bidify to date not divulging the specific business structure of the business |
- | Bids That Offer-- CEO and also founder Randy Jeffers has actually had | + | Bids That Offer-- CEO and also founder Randy Jeffers has actually had various MLM companies stopped by USA authorities |
- | The most | + | The most recent NETWORK MARKETING dollar auction to pop up on my radar is 'Igobidwin' ( additionally being industried as " Universal Paradigm Change", "Ultimate Strength Profits", "Power Profits", "Spinfinity" as well as "MyTurnOnTop"), which is being launched by GlobalOne Companies LLC. |
- | Not much is | + | Not much is recognized at this point (the business is expected to launch sometime in the following couple of weeks) but there appears to be possible ties in between GlobalOne Providers LLC and also the pyramid program feeder OneX. |
- | Members of Igobidwin | + | Members of Igobidwin that paid for their membership via credit card, saw they were being billed by 'SIGNATURELIFE QLX', the exact same company that turned up on OneX associate sales slips. |
- | OneX was a feeder | + | OneX was a feeder into QLXChange, which in turn supplied associates into a globe of shady closed-door financial investment options, with involvement only allowed if a non-disclosure arrangement was signed. |
- | At the end of the day whichever | + | At the end of the day whichever MLM dime public sale you're thinking of, they all operate on the basic guideline concept that members invest $ x, have some sort of virtual currency points and then make an successful ROI) $ x based upon precisely how several points they have, with the points lapsing after a specific period. |
- | Members could of course increase their points ( as well as | + | Members could of course increase their points ( as well as effective ROI) by re-investing the returns the provider pays out daily, and/or enrolling new backers (affiliates) and also getting them to invest. |
- | Almost | + | Almost 100 % of the profits produced by these companies is via member purchases (investments in bids with the single acquiring motivation being to transform them into points for the everyday ROI gave) and also therefore the exact same is true of where the money these providers are paying out stems from. |
- | This alone is sufficient investigation of the | + | This alone is sufficient investigation of the usual primary business design used by MLM penny auctions (you won't ever see one of these launch that simply pays standard payments on the sale of dollar public auction bids, because there are no legitimate retail clients), yet when you consider that is involved at the top degrees of the business in the niche, either at a administration degree or as top earners, the writing is on the wall. |
- | No doubt efforts will | + | No doubt efforts will certainly be made to just simply brush off Schroeder's reviews as " envy", " negative thoughts" or some other dismissive labels, however little can be stated to negate his claims. |
- | I | + | I indicate you can do the whole pseudo conformity song and dance and also \* winkwink nudgenudge \* call a wolf in sheep's garments a zebra, yet functionally this modifications nothing at all. |
- | No matter what front business you attach to it, no matter what you call | + | No matter what front business you attach to it, no matter what you call member financial investments and no matter exactly how tough you penalize your members for using financial investment terminology under the guise of "compliance", an income opportunity that pays returns ( ensured or not) based on how much seed money a new members injects into the system, which is composed of the money new as well as existing affiliates have both at first put in as well as continue to re-invest so as to grow their daily returns, is a Ponzi scheme. |
- | + | Just how anybody who has been or is involved in the multi level marketing industry for greater than ten seconds and can appreciate the idea of selling items to real retail consumers and also gaining a payment on stated sales may assume otherwise, continues to baffle me. | |
- | You | + | You could listen to Randy Schroeder's comments relating to Zeek Rewards in their entirety beneath: |
- | + | Mention that the above sound was taken from the July 16th Monavie " Management Mentoring" call which in its totality ran for 53 moments as well as 38 seconds. Zeek Rewards was not touched on or referred to in the rest of the call. [http://www.youtube.com/watch?v=XVk4rsgvYa0 zeek rewards pyramid scheme] |