eComelize operates within the ecommerce MLM area of interest. The corporate gives company addresses in Delaware and Spain on its web site.
The US handle is residential and utilized by at the very least one different enterprise. The Spanish handle is a “enterprise middle” in Malaga.
I can verify eComelize has no bodily enterprise operations within the US.
Heading up eComelize is founder and CEO Jan-Eric Nyman (proper).
Nyman’s MLM roots date again to the Unaico SiteTalk pyramid scheme. Extra just lately, Nyman gained notoriety as a part of Duncan Arthur’s OneCoin dev staff.
After OneCoin collapsed, Arthur rebranded his work there and continued to develop it as Bycoi.
ByCoi (BYC) was created as a cryptocurrency and is managed, operated and owned by BCB Coinstrike Restricted in London, United Kingdom.
Our aim is to make BYC a world utility cryptocurrency.
Bycoi was launched as an ecommerce different to OneCoin, with out the baked in Ponzi scheme.
Though OneCoin was pitched to OneCoin buyers with a 1:1 BYC token match, Arthur was adamant Bycoi wouldn’t be promoted by way of MLM.
This was all through 2019 and initially Arthur retained his OneCoin improvement staff to work on Bycoi.
That relationship nonetheless has since fractured.
In a video recorded February twenty second, Arthur identifies himself because the “creator, proprietor and sole shareholder of the Ovid model “and nearly each firm behind it”.
Ovid is the ecommerce platform Bycoi is hooked up to (assume OneCoin’s DealShaker).
Arthur goes on to assert “folks have tried to take over (his) platform”.
[1:04] The workers I labored with, and we’ve had a really shut relationship, have come to be very shut collectively.
We launched a special-purpose car, in reality two of them, as a way to attempt to elevate some capital to develop the platform.
Two issues occurred;
The primary is that the platform has not been developed. No matter occurred to the cash, I don’t know.
The second is that it was missold by two Norwegians, from OneDealerin Norway, who have been performing with out authority.
I’ve needed to separate from that. I can’t be related to it.
Arthur goes on to assert his corporations are being cloned.
He doesn’t identify Nyman within the video, however three weeks in the past did serve him with an mental property theft stop and desist:
Placing two and two collectively, it appears Nyman has gone rogue and is or intends to launch eComelize on Arthur’s Bycoi platform.
eComelize desires to take the dynamics of e-commerce and the imaginative and prescient of recent funds strategies and programs to a world viewers.
A bunch of skilled networkers determine to search for the very best product on the market, with out making an attempt to invent one by themselves.
One that isn’t making an attempt to place all the flamboyant stuff on high that basically offers no which means to the on a regular basis individual. Once we visualized into the longer term, all of it got here collectively. eComelize was then born.
A current submit on Jan-Eric Nyman’s Fb web page suggests he’s based mostly out of Malaga.
This would seem to substantiate eComelize is operated out of Spain.
Learn on for a full evaluation of eComelize’s MLM alternative.
eComelize’s Merchandise
eComelize has no retailable services or products, with associates solely capable of market eComelize affiliate membership itself.
eComelize’s Compensation Plan
eComelize’s compensation plan focuses on associates paying a price to enroll.
Commissions are paid once they then recruit others who do the identical.
Observe that eComelize’s compensation plan does include varied ranks, nonetheless the corporate fails to supply particular rank qualification standards.
Recruitment Commissions
eComelize associates obtain 10% of membership charges paid by personally recruited associates.
Residual Commissions
eComelize pays residual commissions by way of a binary compensation construction.
A binary compensation construction locations an affiliate on the high of a binary staff, cut up into two sides (left and proper):
The primary stage of the binary staff homes two positions. The second stage of the binary staff is generated by splitting these first two positions into one other two positions every (4 positions).
Subsequent ranges of the binary staff are generated as required, with every new stage housing twice as many positions because the earlier stage.
Positions within the binary staff are crammed by way of direct and oblique recruitment of associates. Observe there is no such thing as a restrict to how deep a binary staff can develop.
As associates are straight and not directly recruited into the binary staff, their membership charges generate gross sales quantity.
On the finish of every week eComelize tallies up new gross sales quantity on either side of the binary staff.
Associates are paid between 2% (eComelize Free) and 20% (eComelize Superior) of weaker leg quantity.
Observe that solely share ranges are offered, eComelize don’t present particular residual fee charges.
As soon as paid out on, gross sales quantity is matched in opposition to the stronger binary staff aspect and flushed.
Leftover quantity on the stronger binary staff aspect carries over. Observe that carry over quantity is saved for 180 days earlier than being flushed.
Matching Bonus
eComelize pays a Matching Bonus on residual commissions earned by personally recruited associates.
The Matching Bonus is paid out by way of a unilevel compensation construction.
A unilevel compensation construction locations an affiliate on the high of a unilevel staff, with each personally recruited affiliate positioned straight beneath them (stage 1):
If any stage 1 associates recruit new associates, they’re positioned on stage 2 of the unique affiliate’s unilevel staff.
If any stage 2 associates recruit new associates, they’re positioned on stage 3 and so forth and so forth down a theoretical infinite variety of ranges.
The Matching Bonus is paid out throughout ten ranges, nonetheless particular percentages on every stage will not be offered.
Staff Brick Bonus
The Staff Brick Bonus is a recruitment bonus, paid when two personally recruited associates recruit two new associates every with the identical membership package deal (4 packages in complete).
Particular Staff Brick Bonus charges aren’t offered, solely a variety of €25 to €100 EUR.
Presumably the upper the matched packages the upper the Staff Brick Bonus paid out.
Builder Bonus
Supervisor and better ranked associates earn a share in 2% of eComelize’s company-wide weekly income.
Automotive Bonus
Gold and better ranked associates qualify for a month-to-month Automotive Bonus.
The Automotive Bonus begins at €500 EUR for Gold ranked associates and caps out at €2500 EUR.
Observe that rank qualification standards and Automotive Bonus payouts above Gold rank will not be offered.
Incentive Getaway
Diamond and better ranked associates obtain a “company journey for five days” incentive.
President Pool
President ranked eComelize associates qualify for a share in a “income share pool”.
Particular particulars will not be offered.
Becoming a member of eComelize
eComelize affiliate membership ranges from free to €2790 EUR.
- eComelize Free – no value
- eComelize Lite – €490 EUR
- eComelize Fundamental – €990 EUR
- eComelize Plus – €1970 EUR
- eComelize Superior – €2790 EUR
The extra an affiliate spends on membership charges, the upper their earnings potential by way of eComelize’s compensation plan.
Conclusion
Though eComelize’s affiliate memberships are bundled with “retailer vouchers”, they don’t have something to do with the compensation plan.
100% of commissions eComelize pays out are tied to recruitment, making the corporate a pyramid scheme.
How that is going to work with Bycoi when Duncan Arthur and Jan-Eric Nyman are at loggerheads I don’t know.
It’s hardly a secure basis to construct an MLM firm off of. And that’s on high of the same old pyramid caveats.
What I’m not clear on is that if eComelize intends to make use of Ovid or another ecommerce platform.
Duncan Arthur mentions an try and clone his corporations, however I’m unclear on whether or not that was simply an try to realize management of Ovid or an precise 1:1 cloning.
In any occasion, so far as analysis of eComelize as an MLM alternative goes, it doesn’t matter.
Whereas fortunately eComelize isn’t pitching bycoi as a “bitcoin killer” funding alternative, the potential remains to be there. Properly, maybe not if Arthur stays accountable for it – which brings us again to loggerheads.
I suppose there’s nothing stopping Nyman from launching his personal token and making an attempt to proceed the place OneCoin left off.
Failing which, eComelize is an easy pyramid scheme that may collapse when recruitment inevitably implodes.
Replace twelfth July 2022 – As was inevitable, eComelize collapsed and generated a loss for almost all of contributors.
Now Jan-Eric Nyman is funnelling eComelize victims into his new scheme, BinaryTorrent.