Get It Membership supplies no details about who owns or runs the corporate on its web site.
In truth as I write this, Get It Membership’s web site is simply an affiliate register type:
Get It Membership’s web site area (“getitclub.io”), was privately registered on April eleventh, 2021.
At time of publication SimilarWeb ranks solely two sources of site visitors to Get It Membership’s web site; Colombia (98%) and Costa Rica (2%).
Given this unfold, it’s extremely probably Get It Membership is being run from Colombia.
It seems early on, Get It Membership was being introduced as a Colombian various to the Xifra Ponzi scheme:
Xifra is a Mexican Ponzi scheme run by Jonathan Sifuentes.
As at all times, if an MLM firm will not be brazenly upfront about who’s operating or owns it, assume lengthy and exhausting about becoming a member of and/or handing over any cash.
Get It Membership’s Merchandise
Get It Membership has no retailable services or products.
Associates are solely in a position to market Get It Membership affiliate membership itself.
Get It Membership’s Compensation Plan
Get It Membership associates make investments funds on the promise of a 0.6% to 2.2% each day ROI.
Get It Membership’s funding tiers vary from $100 to $10,000:
- $100
- $300
- $500
- $1000
- $3000
- $5000
- $10,000
Observe that there’s additionally a $100 tier, however Get It Membership’s advertising and marketing states
$100 accounts will solely work as positioning and don’t generate profitability.
Get It Membership pays returns Monday by means of Friday. Returns are capped at 250%.
The 250% ROI cap contains MLM commissions and bonuses.
Along with that there’s additionally a each day earnings cap, equal to the tier you might have invested at.
E.g. $5000 Get It Membership tier associates can earn as much as $5000 a day.
After 250% on an funding is reached, reinvestment is required to proceed incomes.
Lastly 20% of all all returns and earned bonuses and commissions, are locked up for 16 months.
Get It Membership guarantees a further 300% ROI on locked up funds, payable on the finish of 16 months.
The MLM facet of Get It Membership pays on recruitment of affiliate buyers.
Get It Membership Affiliate Ranks
There are twelve affiliate ranks inside Get It Membership’s compensation plan.
Together with their respective qualification standards, they’re as follows:
- Affiliate – enroll as a Get It Membership affiliate
- Bronze – generate $3000 in accrued downline funding in your weaker binary crew facet and recruit two associates
- Silver – generate $8000 in accrued downline funding in your weaker binary crew facet and recruit two Bronzes
- Gold – generate $20,000 in accrued downline funding in your weaker binary crew facet and recruit two Silvers
- Sapphire – generate $40,000 in accrued downline funding in your weaker binary crew facet and recruit two Golds
- Ruby – generate $80,000 in accrued downline funding in your weaker binary crew facet and recruit two Sapphires
- Emerald – generate $140,000 in accrued downline funding in your weaker binary crew facet and recruit to Rubys
- Diamond – generate $280,000 in accrued downline funding in your weaker binary crew facet and recruit two Emeralds
- Govt Diamond – generate $420,000 in accrued downline funding in your weaker binary crew facet and recruit two Diamonds
- Black Diamond – generate $700,000 in accrued downline funding in your weaker binary crew facet and recruit two Govt Diamonds
- Crown Diamond – generate $1,400,000 in accrued downline funding in your weaker binary crew facet and recruit two Black Diamonds
- Crown Ambassador – generate $3,000,000 in accrued downline funding in your weaker binary crew facet and recruit two Crown Ambassadors
Recruited associates should have an lively funding to depend in direction of rank qualification.
Referral Commissions
Get It Membership pays an 8% to 12% fee on funds invested by personally recruited associates.
The referral fee vary is set by rank:
- Bronze to Gold ranked associates earn an 8% referral fee fee
- Sapphire to Emerald ranked associates earn a 9% referral fee fee
- Diamond to Black Diamond ranked associates earn a ten% referral fee fee
- Crown Ambassador and Crown Diamond ranked associates earn an 11% referral fee fee
Residual Commissions
Get It Membership pays residual commissions through a binary compensation construction.
A binary compensation construction locations an affiliate on the prime of a binary crew, cut up into two sides (left and proper):
The primary stage of the binary crew homes two positions. The second stage of the binary crew is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary crew are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary crew are crammed through direct and oblique recruitment of associates. Observe there isn’t a restrict to how deep a binary crew can develop.
On the finish of every day Get It Membership tallies up new funding quantity on each side of the binary crew.
Associates are paid 8% to 12% of funds invested on their weaker binary facet.
As with referral commissions, residual fee charges are decided by rank:
- Bronze to Gold ranked associates earn an 8% residual fee fee
- Sapphire to Emerald ranked associates earn a 9% residual fee fee
- Diamond to Black Diamond ranked associates earn a ten% residual fee fee
- Crown Ambassador and Crown Diamond ranked associates earn an 11% residual fee fee
Rank Achievement Bonus
Get It Membership rewards associates for qualifying at Bronze and better ranks:
- qualify at Bronze and obtain $60
- qualify at Silver and obtain $160
- qualify at Gold and obtain $400
- qualify at Sapphire and obtain $1200
- qualify at Ruby and obtain $2400
- qualify at Emerald and obtain $4200
- qualify at Diamond and obtain $11,200
- qualify at Govt Diamond and obtain $16,800
- qualify at Black Diamond and obtain $28,000
- qualify at Crown Diamond and obtain $70,000
- qualify at Crown Ambassador and obtain $150,000
Diamond Swimming pools
Get It Membership units apart 3% of company-wide funding quantity and locations it into Diamond Swimming pools.
Diamond Swimming pools are shared yearly amongst “the best ranks”.
Presumably this refers to Diamond and better.
Becoming a member of Get It Membership
Get It Membership affiliate membership is charged at 2% of funds invested.
An lively $300 to $10,000 funding is required to totally take part within the connected earnings alternative.
Conclusion
It’s simple to see the place how comparisons between Get It Membership and Xifra originated.
Along with concentrating on Spanish talking buyers and the same old buying and selling bot Ponzi nonsense…
…Get It Membership additionally adopts the “hashish plantations” ruse:
Like Xifra, no proof of exterior income of any variety getting used to pay withdrawals is supplied.
Whatever the advertising and marketing claims behind the corporate, Get It Membership’s passive 250% ROI scheme constitutes a securities providing.
Get It Membership fails to offer proof it has registered with monetary regulators in any jurisdiction. Which means that at a minimal, the corporate and its promoters are committing securities fraud.
Xifra has already attracted the eye of Colombian regulators again in February.
With Get It Membership deriving 98% of web site site visitors from Colombia and mentioned site visitors being on the rise, it’s in all probability solely a matter of time earlier than they’re focused too.
Of extra fast concern to customers is the truth that MLM firms committing securities fraud are Ponzi schemes.
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
This may starve Get It Membership of ROI income, ultimately prompting a collapse.
The mathematics behind Ponzi schemes ensures that after they collapse, nearly all of individuals lose cash.