Bitcoin imitator: OneCoin a very risky virtual currency

by Rudolf Faix 4. October 2016 03:27

OneCoin LogoThe virtual currency of Bitcoin has many followers. New Providers want to benefit from it and imitate the original. The German consumer magazine FINANZtest warns strongly from the significant risks.

Other providers rely on the enthusiasm for purely digital currencies, the pioneer of Bitcoin has triggered. Whether that is actually profitable for the customer, but is questionable. Newcomers like SwissCoin and OneCoin differ greatly from Bitcoin. In both there are central bodies that verify the system. The currencies have a very limited use. The publishers rely on multi-level compensation plans to attract customers to bring their products further among the people.

If someone is thinking logically then he will get it, that nobody can buy money and nobody can take out more money from a system than the amount of money is inside. Each little child knows already that the market price depends on supply and demand. Which value can have a digital currency which gets traded only by one issuer?

OneCoin does not get accepted by any other money exchanging system found at the world, you get free OneCoins already for signing up, you get additional OneCoins for bringing other victims into the system and you have no chance to use these OneCoins in any shop. Which value can have OneCoins? As soon as the company behind is running into problems or gets shut down from the government you lose all your real money. Each pyramid system or Ponzi scheme breaks down as soon as not enough new victims entering into the system can get found.

OneCoin is a "billion-euro company" according to company founder Ruja Ignatova from Bulgaria. It occurs under the brand names OneCoin, OneLife network and OneAcademy. The website from OneCoin praise their cryptocurrency as the second largest of the world. In two years, Ignatova wants to be the number one and have ten million customers. They buy training packages for prices from 110 euros upwards.

Wow, OneCoin surpasses itself. You need to buy a training package for using it! Does it not show already the scam? You need to get a training for using the crypto currency. Maybe you'll need a training too for using your hard earned real money?

OneCoin describes itself as "centralized" crypto currency. It stands according to the company deliberately "currently not for everyone to act" open, because it is still new. OneCoins can only be traded on an internal network platform. Other trading platforms for crypto currencies are not trading OneCoin. Whether and how OneCoins get mined, bought and sold, depends largely on the management. In June, the company reported about waiting times of two to three months until customers received their coins.

At the same time, Ignatova announced to extend the maximum possible amount of OneCoins from October from 2.1 billion to 120 billion units. If OneCoin has overestimated the demand it can lead to a price crash.

Critics such as the Latvian financial and capital market Commission interfere on the multi-tiered, pyramid-style remuneration system: the company rewarded customers, if they manage to persuade more customers to buying its products, and this cause further purchases.

"The business model of OneCoin is perfectly legal and does not qualify as a pyramid scheme," OneCoin stresses to FINANZtest. The OneLife Network offer genuine products, such as mobile computing device "OneTablet" and real services in the form of training packages with finance. The business model is based "on the basis of a traditional direct sales concept". Let members possible, "to earn their income through referrals and sales training toolkits on cryptocurrency and financial management to non-members." Commission and bonus would immediately depending on the success paid - just as with well-known companies with direct sales offering goods such as kitchen appliance Thermomix, the personal care products of Amway or dietary supplements from Herbalife.

Let us take a look at their product - the "OneTablet". The specifications are getting found at their site:

HD RESOLUTION: 800*480/1024 x 600/1024*768

GOOGLE ANDROID SOFTWARE
Android OS MaPan firmware

COMPONENTS: MTK Quad core CPU

WIRELESS 802.11B/G/N: 802.11b/g/n WI-FI wireless connection

STORAGE: RAM 1GB / Build in 16GB / Expandable up to 64GB

BATTERY POWER: 2500 – 8000mAH / 5V 2A lipo battery

INPUTS TOUCHSCREEN (CAPACITIVE): Multi – point capacitive touch screen

DUAL CAMERAS: Front 0.3MP + back 1.3 million pixels

Front 1.3MP + back 2.0 million pixels

Price: € 550 + SHIPPING + 550 BV (Bonus Volume) GENERATED!

Funny are the specs from the battery power already. It seems like Ignatova is thinking that battery power is a chewing gum. An built-in battery has a fixed capacity and cannot get provided as a value between 2500 - 8000 mAH!

The value of BV (Bonus Volume) is € 1 = 1 BV as it can get shown in their offer:

STARTER PACKAGE
110 €

For those who have no previous financial experience. Includes Level 1 of OneAcademy’s e-learning program. Students will learn basic financial literacy and be introduced to financial products and trading. After completing this module, we issue certification for access to OneExchange. The starter membership gives 1000 promotional tokens which can be put into cryptocurrency mining and generates 110 BV points for network bonuses.

Screenshot from the OneCoin's starter package

For these ones, which are thinking that you'll get something additional value with the starter package and for this reason you are not able to convert € 1 to 1 BV, I'll show you in the next screenshot that this additional offers have no real value, because if you buy the most expensive package for € 7,500 you'll get also 7,500 BV.

Screenshot from OneCoin's Tycoon Plus Trader Package

An tablet with similar specifications can get found from the Maixin Group at Alibaba (Tablet offer from Maixin Group at Alibaba.pdf (2.37 mb)) for the price between US$ 55 and US$ 60 depending on the count of pieces you are ordering.

With other words you'll pay for a product, which has the value of US$ 60 the exorbitant price of € 1,100!!! Let us include the exchange rate between US$ and Euro from today, where € 1 = US$ 1.12284 or US$ 1 = € 0.88993:

Currency you'll get a value you pay for it
US$ 60.00 1,235.12
53.40 1,100.00

The Veto Concept AG from Leipzig is coming from direct sales site too. They presents themselves on the Internet page richcoin.eu as an independent sales partner of OneCoin. The digital currency explained to one of "the hottest financial topics". After the warning from the consumer magazine FINANZtest got published Veto Concept AG stopped publishing their site richcoin.eu. The following amazing content gets shown:

Screenshot from the site richcoin.eu

Translated to English:

Dear visitor,

the website "RichCoin" got discontinued by us. Just use the contact form if you have questions.

Friendly greetings VETO CONCEPT AG

It seems that the "hottest financial product" has been even coming to hot for their business. Think about it what you'll doing if you see a similar content at the site from OneCoin. It happened already at least one time as the system from BigCoin got shut down in the year 2014. Involved in the system from BigCoin has been Ruja Ignatova.

Ruja Ignatova cryptoreal investment trust BigCoin

The website badbitcoin.org, a platform of cryptocurrency fans criticizes multilevel distribution systems. She denounces dubious practices and accumulated negative reports. OneCoin is on their "Badlist", a warning list for not recommended deals.

A digital currency of a central supplier, industrial applied for payment transactions - reminds of electronic money (E money). The currencies were to be classified, the company needs a permit. In the register of approved electronic money institutions of the Federal Agency for financial services supervision (BaFin) are not getting found the companies around OneCoin and SwissCoin.

Would the BaFin classify the currency as e-money, they could order the rescission. Also around classical crypto currencies there subject to authorization activities. In June reported the German magazine "Der Spiegel", the BaFin review OneCoin. The BaFin has not given statement until now. It may be that the digital currencies will facing hot stages for various reasons.

Domain owner of onecoin.eu:
Name: Tsvetelina Lekova
Company: Onecoin Ltd
Address: 12 Tsar Osvoboditel, 1000 Sofia, BG
Phone: +359.24444331
E-Mail: tsvetelina.lekova@ravenr.com

Domain owner of onelife.eu:
Name: Albena Topalova
Company: One Network Services Ltd
Address: PI. P.R. Slaveikov 6A, 1000 Sofia, BG
Phone: +359.24444331
E-Mail: office@onecoin.eu

Domain owner of oneacademy.eu:
Name: Tsvetelina Lekova
Company: One Network Services Ltd
Address: 12 Tsar Osvoboditel Blvd, 0001000 Sofia, Sofia, BG
Phone: +359.885660254
E-Mail: tsvetelina@onecoin.eu

Update Jan. 19, 2017: Links to richcoin.eu removed as the service of the site got discontinued.

 

Investment scammer bankglory.com - Advance Finance Business LTD - Bankglory Business Limited

by Rudolf Faix 7. September 2016 06:12

Facebook scammer Sarah DeeIt is funny if one scammer calls other offers scam offers without naming them. With such a behavior they like to underline only the credibility of their own offers. For me are already such sentences like the Facebook scammer Sarah Dee has made, "The best and safest sit for invest" and "Don't waste your time for scam sites", already the first signs of plain scam. An investment broker needs to have a very good reputation and a perfect transparency of his company data if he is using such statements as Sarah Dee has done it at her offer. Not one investor will trust someone who is hiding his identity or using a fake profile.

A check of the promoted domain has resulted that the site has been 33 days old and has used a privacy protection service from Scottsdale, Arizona. The complete domain registration data can get found at the end of this article. That is already a fact what is speaking against a transparency of information from an investment company. This result I have posted as a comment on Facebook:

Additional makes it a lot of sense if a company uses a privacy protection service and write their address, "71-75 Shelton Street, London, UK WC2H 9JQ", on the website. Additional they are promising at their website unbelievable returns for investments. You should get 2% daily for 100 days if you are investing at least $20 or if you invest $50 for 30 days you'll shall get 5% daily. I hope that I don't need to mention that such a high return rate is nothing else than scam and shall lead you to forget about all risks and open your wallet immediately. Additional are they offering "At Bankglory we offer an incentive of total 5% commission on every investment you refer through your referral traffic. So the bigger investment you bring more money you will earn.". It shows only how urgently the scammer needs to get some money.

The scammer is so stupid that he offers investments in US$ and rules which are only in the U.S. valid by providing an UK address and ignoring the European Union completely. You can be sure that the provided address on the website is nothing else than a mail forwarding service. This fact gets confirmed by the UK companies house, because at the same address are 7,640 companies registered. If you are thinking now about a big building with many companies in it then you need to take a look at Google Streetview for getting enlightened.

Each company from the European Union needs to have according to the law an imprint at their website. At http://bankglory.com/index.php?a=rules we'll find the real name from the website, which got copied or used from the scammer. There is written: "Advance Finance Business LTD which operates Bankglory.biz". The domain bankglory.biz has existed, but got already shutdown. Now the scammer is using bankglory.com and calls his sham company Bankglory Business Limited. As shown before is the scammer very lazy and did not replace the company name at his rule site, so he has still forgotten registering his new company Bankglory Business Limited at the UK companies house.

The company Advance Finance Business LTD is still registered with the enormous capital of GBP 1 but does not have a director since March 2016:

UK Companies House company registration data of Advance Finance Business LTD:

Company number 09839391
Registered office address: 71-75 Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ
Company status: Active
Company type: Private limited Company
Incorporated on: 23 October 2015

UK Companies House filing history of Advance Finance Business LTD:

Statement of capital on 2015-10-23: GBP 1

UK Companies House directors of Advance Finance Business LTD:

0 current officers / 2 resignations

BILL, Arlene Rose
Correspondence address: 71-75, Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ
Role: RESIGNED Director
Date of birth: October 1964
Appointed on: 23 October 2015
Resigned on: 8 November 2015
Nationality: British
Country of residence: United Kingdom
Occupation: Director

PITTARD, Christopher James
Correspondence address: 71-75, Shelton Street, Covent Garden, London, United Kingdom, WC2H 9JQ
Role: RESIGNED Director
Date of birth: December 1969
Appointed on: 8 November 2015
Resigned on: 2 March 2016
Nationality: British
Country of residence: United Kingdom
Occupation: Director

It looks like the directors from Advance Finance Business LTD have an ejection seat. The first director got fired after 2 weeks and the second director got fired after 4 months. More plausible is that the scammer did not have enough money for paying the directors service. Since the begin of March 2016 the company is without a director. So who will pay you in this case if nobody is there who can sign your paycheck?

Domain registration data from bankglory.com:

Domain Name: bankglory.com
Registry Domain ID: 2048309887_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.godaddy.com
Registrar URL: http://www.godaddy.com
Update Date: 2016-08-01T15:54:31Z
Creation Date: 2016-08-01T15:54:30Z
Registrar Registration Expiration Date: 2017-08-01T15:54:30Z
Registrar: GoDaddy.com, LLC
Registrar IANA ID: 146
Registrar Abuse Contact Email: abuse@godaddy.com
Registrar Abuse Contact Phone: +1.4806242505
Domain Status: clientTransferProhibited http://www.icann.org/epp#clientTransferProhibited
Domain Status: clientUpdateProhibited http://www.icann.org/epp#clientUpdateProhibited
Domain Status: clientRenewProhibited http://www.icann.org/epp#clientRenewProhibited
Domain Status: clientDeleteProhibited http://www.icann.org/epp#clientDeleteProhibited
Registry Registrant ID: Not Available From Registry
Registrant Name: Registration Private
Registrant Organization: Domains By Proxy, LLC
Registrant Street: DomainsByProxy.com
Registrant Street: 14747 N Northsight Blvd Suite 111, PMB 309
Registrant City: Scottsdale
Registrant State/Province: Arizona
Registrant Postal Code: 85260
Registrant Country: US
Registrant Phone: +1.4806242599
Registrant Phone Ext:
Registrant Fax: +1.4806242598
Registrant Fax Ext:
Registrant Email: bankglory.com@domainsbyproxy.com
Registry Admin ID: Not Available From Registry
Admin Name: Registration Private
Admin Organization: Domains By Proxy, LLC
Admin Street: DomainsByProxy.com
Admin Street: 14747 N Northsight Blvd Suite 111, PMB 309
Admin City: Scottsdale
Admin State/Province: Arizona
Admin Postal Code: 85260
Admin Country: US
Admin Phone: +1.4806242599
Admin Phone Ext:
Admin Fax: +1.4806242598
Admin Fax Ext:
Admin Email: bankglory.com@domainsbyproxy.com
Registry Tech ID: Not Available From Registry
Tech Name: Registration Private
Tech Organization: Domains By Proxy, LLC
Tech Street: DomainsByProxy.com
Tech Street: 14747 N Northsight Blvd Suite 111, PMB 309
Tech City: Scottsdale
Tech State/Province: Arizona
Tech Postal Code: 85260
Tech Country: US
Tech Phone: +1.4806242599
Tech Phone Ext:
Tech Fax: +1.4806242598
Tech Fax Ext:
Tech Email: bankglory.com@domainsbyproxy.com
Name Server: DNS1.LEAPSWITCH.COM
Name Server: DNS2.LEAPSWITCH.COM
Name Server: DNS3.LEAPSWITCH.COM
Name Server: DNS4.LEAPSWITCH.COM
DNSSEC: unsigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
>>> Last update of WHOIS database: 2016-09-04T06:00:00Z <<<

Facebook profile from the scammer Sarah Dee.pdf (642.17 kb)

Update Jan. 18, 2017: Links to the Facebook profile of Sarah Dee removed as the link https://www.facebook.com/SarahDee69 returns error 404 - not found.

 

Survey site: MarketAgent.com - legal but in truth a waste of time to promote their services

by Rudolf Faix 4. August 2015 06:52

MarketagentMarketAgent is an official company with the location in Austria, Germany, Slovenia and Switzerland. That alone does not make them trustful. It shows only in which market they are active and which law they have to respect and where they are responsible in front of the law court.

If you are taking a look at their locations then you'll see that the English speaking market is not really their market. Austria, Germany and their location in Switzerland is German speaking. So it does not really make any sense to promote their services if you read their conditions at their website:

Registration as a survey participant: 150 Points

In principle, the invitation to participate in surveys is done by random selection. Which means, that our system uses randomly our address pool and selects the number of participants automatically - this is methodologically necessary. Often, participants must also meet certain characteristics (e.g.: male and living in Berlin or Vienna). Because of this, there can be greater distances between the surveys from time to time and then it can go back quite quickly.

Friend invited by the survey participant : 100 Points
You will receive the points for recommending new member only, when the referred person has completed his/her first survey.

Updating your personal information (1x per year): 50 Points
Please note that the points for updating your personal information will only be credited, if we have asked you to do so via email.

Participation in the online survey: 20 - 250 points

Conversion: 1.2 dollar = 120 cents = 100 bonus points

Bonus points will be awarded to your account immediately after completing each survey. Anytime you can convert Exchange Area the survey points into cash or rather products or services of our cooperation partners. Each time after you collect 200 number of points you can exchange them.

Bank transfer, Paypal, Skrill

From the above statements is ony "Conversion: 1.2 dollar = 120 cents = 100 bonus points" against the European Consumer law, because the U.S. members are getting a better conversation as the European members - actually is € 1.00 ~ US$ 1.09829.

In any case are their conditions only for their own benefit. If you invite someone to their system, then you'll get only paid if he is usefull for them. As you don't know it in front which kind of people they are searching is it nothing else than mass collection of data.

The result of this system can get seen in the comments from Web Of Trust. There has written Rayven_redeye on 04/21/2011 (translated to English):

A little extra income, as I said, you can do so about 30 € per year, to be made depending on the amount of surveys.
You get the surveys sent by mail, if you do not want to participate in the survey, the mail can get ignored because there is no "minimum" that must be met. The transfer works without problems, however, can take up to 3 weeks.

The user azereus has written on 03/28/2011 at WOT (translated to English):

you get around 1x survey per month sent. if make the survey until the end you get up to 2.5 €. adds up to € 30 / year. the money can be transferred on their own account.
Yes it works !!

The user ZLazarow has commented on 04/16/2012 at WOT:

I have completed few surveys and get 600 points(6€), at ask to payout to my paypal acount, onthe web page shows transfer succesful, but money I never get to my Paypal account, I wrote many times to marketagent.com, but not answered to any my mail sent...

I thik this is SCAM

Summary: If we take a look at the above comments then we see that they have not enough surveys that their members can get a higher income. I received never an invitation for a survey from them. It did not make any difference if I have been living in Vienna or at country side near to Vienna and I have been every time a typical consumer (living in a family with kids).

The European consumer data protection law keeps you save that your data are not getting traded.

Only people, which are not able to read and think, will promote marketagent.com at the English speaking part of the world. In any case such people are only wasting their time because they have even not enough surveys for their German speaking members and the referrer gets only paid if the refferal participates on his first survey.

This case shows even that all these other survey sites, which are offering you a high monthly income are only SCAM and they willnot pay you. The worst ones are these, which are asking for a membership fee from you.

The domain registration data from marketagent.com: 

Domain Name: marketagent.com
Registry Domain ID: 3176618_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.rrpproxy.net
Registrar URL: http://www.domainname.at
Updated Date: 2015-02-27T07:15:49.0Z
Creation Date: 1999-01-23T05:00:00.0Z
Registrar Registration Expiration Date: 2016-01-23T05:00:00.0Z
Registrar: Key-Systems GmbH
Registrar IANA ID: 269
Registrar Abuse Contact Email: abuse@key-systems.net
Registrar Abuse Contact Phone: +49.68949396850
Domain Status: ok http://www.icann.org/epp#ok
Registry Registrant ID:
Registrant Name:
Registrant Organization: Marketagent.com Online Research GmbH
Registrant Street: Muehlgasse 59
Registrant City: Baden
Registrant State/Province:
Registrant Postal Code: 2500
Registrant Country: AT
Registrant Phone: +43.2252909009
Registrant Phone Ext:
Registrant Fax: +43.225290900999
Registrant Fax Ext:
Registrant Email: t.schwabl@marketagent.com
Registry Admin ID:
Admin Name: Thomas Schwabl
Admin Organization: Marketagent.com Online Research GmbH
Admin Street: Muehlgasse 59
Admin City: Baden
Admin State/Province:
Admin Postal Code: 2500
Admin Country: AT
Admin Phone: +43.2522909009
Admin Phone Ext:
Admin Fax:
Admin Fax Ext:
Admin Email: t.schwabl@marketagent.com
Registry Tech ID:
Tech Name: Florian Folkmann
Tech Organization: Marketagent.com Online Research GmbH
Tech Street: Muehlgasse 59
Tech City: Baden
Tech Postal Code: 2500
Tech State/Province:
Tech Country: AT
Tech Phone: +43.225290900950
Tech Phone Ext:
Tech Fax:
Tech Fax Ext:
Tech Email: f.folkmann@marketagent.com
Name Server: ns1.sil.at
Name Server: ns2.sil.at
DNSSEC: unsigned
URL of the ICANN WHOIS Data Problem Reporting System: http://wdprs.internic.net/
>>> Last update of WHOIS database: 2015-08-02T09:26:23.0Z <<<

 

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Affiliates & MLM Marketing | Suspicious Sites

An example how a wrong marketing can be a self-shot

by Rudolf Faix 30. July 2015 13:21

Xalient - Advertising & MarketingTwo days ago I got an email with an offer for optimzing my websites. The problem is only that this one, which likes to optimze it, does even not know that his own website is a big secret in the World Wide Web. This example shows the difference between promotion and reality. If someone cannot bring his own website up, how he will be able to bring up a customer website?

Even the statement that he has been looking at my website is nothing than a big lie because uf he has been really looking at my website then he would have seen that I'm selling nothing and he would not promise a "better sales of my services"!

Some people only think that they need to make a simle website, say that the website is good and they can start earning money without doing something. In such a case they are wrong and with such a behavior they are only destroying their own reputation.

The email from xalient.in - "Digital Marketing Manager" Javis Murya: 

From: Gyanendra <gyan@xalient.in>
Date: 2015-07-28 15:20 GMT+02:00
Subject: We are offering special services Some time
To: rudolffaix@gmail.com


Hello,
 
Hope you are doing well.
 
My name is Jaivis Murya, and I work as a Digital Marketing Manager, I would like to discuss a business opportunity with you.
 
I gone through your website and found its design is not eye-catching. However, your website needs re-designing or needful
modification to look fascinating and business oriented. So, would you be interested in a possible re-designing service of
your site or additional features that might benefit the overall usability and user experience which usually leads to better
sales of your services?
 
We have a three tier quality check system so No compromise on quality!
 
We are offering special services as given below:-
 
Software Development
 
      Offshore Software Development
        VB .NET Development
        DOT NET Application Development
        Sharepoint Migration Development
        Salesforce Development
        Microsoft Azure Development
        Mac Application Development
        Microsoft Small Business Solution
        SQL Programming Development
        C# Development
 
    Website Development
 
        PHP Website Development
        Wordpress Development
        ASP.NET Website Development
        CakePHP Development
        Laravel Development Service
        Drupal Development
        ASP.NET MVC Development
        Joomla Development Service
        Sharepoint Development
        
    Mobile Application Development
 
        ibeacon Implementation
        iPhone Application Development
        Android Application Development
        Swift Development
        iPad Application Development
        Android Wear Development
        Blackberry Application Development
        Window 8 Mobile App Development
 
    Ecommerce Solutions
 
        Magento Development
        Prestashop Development
        ECommerce Cart Development
        Ecommerce Website Design
        Rainworx Customization
        Magento Enterprise
        Open Cart Development
        Shopify Development
 
This calls for an Action!
 
Our Search Engine Optimization (SEO) service provides you with up-to-date and ethical techniques based on recent algorithm
changes done by Google.
 
You need OUR high-standard SEO for your business because:
. Our approach to content syndication as per Google websites
. Websites are audited and filtered for duplicate contents
. One way link for client through quality websites
. Serviced 6000+ client across various domains through a team of qualified and dedicated professionals
. All SEO professionals are Google Ad words certified.
 Kindly revert back if you are interested. I would be happy to share our Work Portfolio, Client testimonials and Service Packages.
 
I look forward to hearing from you!
 
Warm Regards,
Jaivis Murya
Digital Marketing Manager

The short facts from the Alexa browser plug-in about the global ranking from xalient.in: 

Alexa traffic statistic xalient.in

The detailed ranking gets found at the Alexa website:

Alexa detailed ranking of xalient.in

If you scroll at the Alexa site a little bit down then you'll see that even no visitor is coming from Google or another search engine to the xalient site:

Alexa ranking shows no visitors from Google or other search engines

 

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Affiliates & MLM Marketing

How you can lose money in Multi Level Marketing by the example of USANA

by Rudolf Faix 20. July 2015 12:49

UsanaThere is no denying that cash is being made at the highest point of the USANA system. In right on time May, USANA Founder Myron Wentz turned into an extremely rich person. He's been at the highest point of the system for a long time, and is a 51% proprietor in the organization. It must be forlorn at the top, in light of the fact that in view of what we can see most partners are not making any benefit by any stretch of the imagination.

To stay dynamic in USANA, you have to burn through 100 points every month, which likens to US$ 117.50 every month or $1,410 yearly. That is as indicated by the USANA associate price list. This cash is your own spending and you don't recover any commission on it, yet the individual who enrolled you may. 

We read through the USANA income disclosure statement, which is in view of information from 2011. The data contained in this archive is exhibited in an arrangement which is predictable with system advertising. The most conspicuous component is a table indicating how much the main 14% of all partners earned in 2011.

Hidden in the fine print at the bottom, it is stated that if all associates are included then:

The average yearly income was $616.72, with nearly one in three earning a check

Would you join a business if your possibilities of winning a solitary installment were under 1 in 3? Regardless of the possibility that you were sufficiently fortunate to win an installment, all things considered, partners who got paid lost $793.28. They spent $ 1,410 to remain active for 12 months and received $ 616.72 in commission. According on their salary divulgence proclamation, USANA won the Network Marketing Today "Best Company" honor 15 years in succession. A framework where 84% of the individuals lose cash may not solid like the "best company" in the business; however they are the best of the three we took a gander at. Losing very nearly $800 a year makes you the best, then why take a gander at the rest?

For later information, we took a gander at the 2014 USANA yearly report. We manufactured the table beneath utilizing information from this yearly report, and also our own estimations: 

USANA 2014 Annual Report
Net Sales: $ 790,471,000
Associates Incentives: $ 349,044,000
Active Associates: 349,000

The numbers tell a natural story. The "direct sales approach" adds an edge of 44.16% to the cost of items. By and large partners lost $410. More than 2 thirds are gaining nothing by any stretch of the imagination. Taking into account the numbers we found in USANAs archives, they may be the best multi-level showcasing organization on the planet. Truth be told, their numbers recommend that 16% of USANA partners made a benefit in 2011. 

 

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Affiliates & MLM Marketing

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I'm since more then 35 years in the computer business (programming and technical support) and using the Internet since it has started. Since 2002 I'm programming solutions for Asterisk and since 2004 I'm in the call center industry.

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