Wednesday, 30 November 2016

Back Paidrocket – Scam or Legitimate

OMG! There are so many networking businesses today that it is almost impossible to number them. Recently I got a mail from a reader who wanted to know if Back Paidrocket is legitimate or one of those online scams. Well, I had to do a little research about it before putting up an answer to the question.

So, here is what you need to know about Back Paidrocket.

The website (www.paidrocket.com) actually have this as their slogan – “get paid instantly! start your 4x4 forced matrix. Earn up to $111.328 with just $2 one time purchase”

Alright, I am not arguing with that yet. First of all, here is how it works (as seen on their website):

PaidRocket provides a low cost and simple opportunity for those new to internet marketing to join a program with no risk.
For most internet marketers, the number one priority when they first look for opportunities to participate in online is the chance to make money quickly and easily without any prior experience or know-how. The "PaidRocket", that`s what you need! With just $2 one-time purchase of our exclusive ebooks, self development materials, you can earn up to $111.328.
 
The ability to generate huge profits by paying a ridiculous amount
100% newbie friendly
Results in 15 minutes
Instant member-to-member payments
A Resource center where anyone can download necessary ebooks and software, to be successful in online marketing
PaidRocket system is a 4x4 forced matrix. Get your 4 people in, teach them how to get their 4 in, and they teach their 4, so on and so forth. It is not rocket science to do this. If you follow the steps, YOU WILL MAKE A LOT OF MONEY!

When you join PaidRocket you purchase a "Product pack 1", that is "Membership Level 1". Now you can promote your referral link, using pre-made ads, banners and links. Your task is to refer and teach four new members. The ridiculous payment of $2 makes recruitment very easy. You can buy new products (membership levels) at any time.

Help your 1st level downline members to do the same. That is to find 4 new members each. So you will have 16 '2nd level' (tier) downline members. They will pay you for membership level 2 and 6. See the full payment chart below.
 

Here is the compensation plan of PaidRocket

Stage 1.

Your 1st tier referrals pay you $2 each (totaling $8)
Your 2nd tier referrals pay you $5 each (totaling $80)
Your 3rd tier referrals pay you $10 each (totaling $640)
Your 4th tier referrals pay you $20 each (totaling $5120)

Stage 2.

Your 1st tier referrals pay you $50 each (totaling $200)
Your 2nd tier referrals pay you $100 each (totaling $1600)
Your 3rd tier referrals pay you $180 each (totaling $11520)
Your 4th tier referrals pay you $350 each (totaling $92160)
This is a simple and realistic plan how to turn your $2 into $111.328 with just 340 downline members for everyone!
Wouldn't it be great to have a decent extra income coming from a simple program like this? Join, Invite and Receive Cash. It's that easy!

"Your time is limited, so do not waste it living someone else's life. Don't be trapped by dogma - which is living with the results of other people's thinking."
Richard Stevenson
Founder
Alright, with that said, here is something else I found out abot the network:
The system has 8 Levels which split in 2 stages of 4 levels each. The cost of Membership Level 1 is ONLY $2. You can buy a higher level from your upline members at any time. You can actually create different 4x4 matrix with different teams you can get, the earnings are unlimited. You cannot skip levels. According to them the Low Cost System is giving you great things, which makes it easy to build your future. That is what the System is doing. It is allowing you to build an investment with no risk and a fantastic return. You simply promote your referral link to refer new members. You can fund your account with your Paypal account or fund your bitcoin wallet with your credit/debit card. You are paid directly from your downline members to your Paypal account or bitcoin wallet. You must have a Paypal account or bitcoin wallet before joining PaidRocket. Your membership is NON-REFUNDABLE. All payments are final. We cannot refund money to you when you pay out to any member (or your upline members). The Back-Office allows changes to your profile. The only thing you cannot change is your Username. To pay for your membership you only need to login to your member area, click 'Upgrade' link and follow the easy instructions to pay.The main payment processor is bitcoin.

 

Okay, with all that said, here is my own opinion. $2 may be little so it will be easy to get people to join. First of all, if you don’t refer people, there is almost nothing for you. Secondly, the system doesn’t look secure especially when you have to fund your account with your bitcoin wallet or paypal account (the internet savvies will know what I mean). Thirdly, the compensation plan is nice I must admit but it will not magically come to you without

playing your own part by referring people. Is a scam network in the sense that it doesn’t want you to get you profit and leave, it wants you to get your profit, reinvest (level upgrade) and keep spending the money you got from it. It’s a simple math. You keep putting the money you got from the system back into the system!

My advice, stay away from it if you can’t withstand shock! This will come when the system automatically stops paying or simply vanish!

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About Me

Model, Computer Techie, PR, Social Media Marketer, App Developer, Freelancer, Blogger! . . . Oh, I forgot to add Social Worker! Plus, I like writing my thoughts down! . . AND . . I LOVE making new FRIENDS! . . . Contact me on social media -- Rosy Omeje

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