My Advert Magnet gives no info on its web site about who owns or runs the enterprise.
My Advert Magnet’s web site area (“myadmagnet.com”) was privately registered on October sixth, 2019.
Of be aware is the area registrar utilized by My Advert Magnet’s proprietor being based mostly out of Malaysia.
As at all times, if an MLM firm will not be overtly upfront about who’s operating or owns it, assume lengthy and onerous about becoming a member of and/or handing over any cash.
My Advert Magnet’s Merchandise
My Advert Magnet has no retailable services or products, with associates solely capable of market My Advert Magnet affiliate membership itself.
My Advert Magnet affiliate’s put money into $1 AdPacks.
Every AdPack accommodates promoting credit, which can be utilized to show promoting on my Advert Magnet’s web site.
My Advert Magnet’s Compensation Plan
My Advert Magnet associates put money into $1 AdPacks. My Advert Magnet represents every $1 funding can be paid a $1.50 ROI (150%) inside 30 days.
Observe that 30% of returns My Advert Magnet pays out should be reinvested.
Referral commissions on invested funds are paid down two ranges of recruitment (unilevel):
- degree 1 (personally recruited associates) – 8%
- degree 2 – 2%
A 5% fee can also be paid on returns paid to personally recruited associates (degree 1).
Becoming a member of My Advert Magnet
My Advert Magnet affiliate membership is free.
Full participation within the connected revenue alternative nonetheless requires a minimal $1 funding.
Conclusion
My Advert Magnet is a traditional adcredit Ponzi scheme.
You purchase 1 AdPack (promoting bundle) for $1, inside 30 days you’ll obtain accruals of $0.05 per day. That can whole in $1.50 (150%).
As per the above copy, taken from My Advert Magnet’s web site, associates make investments $1 on the promise of a $1.50 ROI.
That ROI is paid out of subsequently invested funds, making a closed-loop Ponzi scheme.
Moderately than acknowledge that, My Advert Magnet as an alternative serves up this baloney:
Now we have developed a software program algorithm that may delight our members for a few years!
We can’t describe the method in additional element, since we now have many opponents, however we assure you that we are going to survive all opponents!
As with all MLM Ponzi schemes, as soon as affiliate recruitment dries up so too will new funding.
It will starve My Advert Magnet of ROI income, ultimately prompting a collapse.
The maths behind Ponzi schemes ensures that after they collapse, nearly all of individuals lose cash.