BizNet

Here we go again. If you will consider looking at the rate, these MLM companies are surging, you will be shocked.

It is not because this industry is the most popular option for getting rich with few easy tricks, but because it leaves the affiliates sulking while making the operators of the website, filthy rich.

One such company that was recently incorporated in the UK as BizNet Group LLP, with its domain (biznet.pw) hosted in Belize and no prominent names on their website, makes it more like a scam.

The co-founders, Alexander Chebotarev and Grigory Shemet have no much trails over the internet about any past forex or cryptocurrency trading.

The domain is around a year old, registered on 1st March 2016 and recently updated on 11th January 2017.

Owner of the website, listed as Grigory Shemet has his address from Saint Petersburg, Russia. On the other hand, the address for Alexander Chebotarev is of Ukraine.

Company registered in UK without any operation in the country can be nothing more than a shell company, feeding scam behind the scene.

With no major product in their kitty, they seem to prey on their affiliate recruitment. The affiliates only get the privilege of selling the BIzNet affiliate membership plans which is sure not to last any longer.

BizNet – The Compensation Plan

Joining BizNet is free, but if you wish to acquire full participation, you are required to invest a minimum of $25. As the company deals in Forex and Cryptocurrency, which they claim that they do, the compensation plans are adjusted separately for Forex and cryptocurrency.

For Forex affiliates, the investment is limited to $25 for a monthly ROI somewhere in between 20% to 30%.

However, the cryptocurrency investment plan starts from $25 and goes beyond $10,000 as under:

Standard Plan –To receive a 15% of monthly ROI, you need to invest between $25 – $3000

Ultra Plan –To receive a 21% of monthly ROI, you need to invest between $3000 – $10,000

Ultimate Plan – To receive a 27% of monthly ROI, you need to invest $10,000 or more

BizNet – Commission from Referrals

The company follows a unilevel referral commission structure. Hence, there is a top affiliate placed above every chain. The affiliates recruited personally are placed on the 1st level, affiliates recruited by the 1st level are placed on the 2nd level and so on.

Every chain of unilevel structure is capped at the 10th level by the following criteria:

To become a ‘Participant’, you need to make a minimum of $100 through downline investment and you receive 7% on level 1.

To become an ‘Agent’, you need to invest at least $100 personally and make a minimum of $1000 through downline investment. You would receive 7% on level 1 and 5% on level 2.

To become a ‘Consultant’, you need to invest at least $250 personally and make a minimum of $5000 through downline investment. This would get you 7% on level 1, 5% on level 2 and 3% on level 3.

To become a ‘Junior Manager’, you need to invest at least $500 personally and make a minimum of $25,000 through downline investment. You would be entitled to receive 7% on level 1, 5% on level 2, 3% on level 3 and 2% on level 4.

To become a ‘Manager’, you need to invest at least $1000 personally and make a minimum of $100,000 through downline investment if you wish to receive 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4 and 1.5% on level 5.

To become a ‘Top Manager’, you need to invest at least $5000 personally and make a minimum of $500,000 through downline investment activity and receive 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1.5% on level 5 and 1% on level 6.

To become a ‘CEO’, you need to invest at least $10,000 personally and make a minimum of $1,000,000 through downline investment to receive 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1.5% on level 5 and 1% on level 6 and 0.5% on level 7.

To become a ‘Silver Affiliate’, you need to invest at least $15,000 personally and make a minimum of $3,000,000 through downline investment. You would receive 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1.5% on level 5 and 1% on level 6 and 0.5% on levels 7 and 8.

To become a ‘Golden Affiliate’, you need to invest at least $30,000 personally and make a minimum of $9,000,000 through downline investment to make 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1.5% on level 5 and 1% on level 6 and 0.5% on levels 7 to 9.

To become a ‘Platinum Affiliate’, you need to invest at least $50,000 personally and make a minimum of $27,000,000 in downline investment to secure your 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1.5% on level 5 and 1% on level 6 and 0.5% on levels 7 to 10.

Bonuses

There are various bonuses attached to the affiliate program such as team work bonus, Global bonus and Rank achievement bonus. You can visit their website to get more insight about these onetime bonuses payouts.

BizNet Reviews 

Paul: I loved investing in this company. I invested $10200 so far and fetching $91.7 every day in my account. So far, so good!

Mathew Parker: BizNet is a great company. I have been with the affiliate program since a month now and have earned a lot of profit, beyond the promised limits. I am loving it.

Comparisons of the above reviews:

The first review from Paul talks about the investment and the ROI he is getting every day. It can go on for some time, but what if the company stops the payout before the investment is squared off. Where would it lead to? And the second review is just a general one. Not giving much information and the user is new as well. It is better to stay with the company for some time and then make perceptions. These companies can shut without a notice. So, be careful about what you are getting yourself into.

The Verdict

There is no doubt that this company is cleaver than most of the MLM start-ups. It has videos on the internet about the forex and cryptocurrency trading. But, there is no link provided between the trading and the affiliate program, leaving the connection hanging in between.

Why a HYIP which promises a lot of ROI to make someone wealthy in months or days, would consider sharing it with others and asking for the investment over the internet. Does it at all make sense? I do not think so.

The company structure which shares limited revenue and stacks huge ROIs liabilities on itself, would not survive for long. If it dies, the affiliates and the ones who join at the verge of its collapse, will be left with nothing but huge loss.

Their only verifiable source of ROI distribution seems to be the affiliate recruitment program and it would later cause the company to dry out, which happens with every Ponzi Scheme and would make investors suffer.

Even if, only one affiliate stops doing his duty for recruiting more affiliate, the company would fail to provide the promised ROIs and the entire structure will leave every other member, bare handed.

Share Review:
Yes it is. Based on the user review published on NO-SCAM.com, it is strongly advised to avoid BizNet in any dealing and transaction.
Not really. In spite of the review published here, there has been no response from BizNet. Lack of accountability is a major factor in determining trust.
Because unlike No-Scam.com, other websites get paid to remove negative reviews and replace them with fake positive ones.
BizNet is rated 1 out of 5 based on the reviews submitted by our users and is marked as POOR.
Never trust websites which offer a shady ‘advocacy package’ to businesses. Search for relevant reviews on Ripoff Report and Pissed Consumer to see more unbiased reviews.
The above review and comments against BizNet were submitted by NO-SCAM.com user(s) and have been published as-is. NO-SCAM.com does not edit, alter or remove content published by it’s users. There’s no amount of money a business can pay to manipulate their reviews or complaints and NO-SCAM.com will NOT entertain any request to remove the review on BizNet at any cost whatsoever.
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