In case you go to the Premier Revenue Plan web site with out an affiliate referral hyperlink, you might be routinely positioned underneath the place “Rodney Brace, Founder”.
In accordance with the “About US” part of the Premier Revenue Plan web site;
Premier Revenue Plan is owned and operated by Hyphen Tech Inc.
On its web site, Hyphen Tech Inc. claims it’s ‘a product-driven firm providing the BEST on-line communication merchandise within the Trade‘.
The “About Us” part of the Hyphen Tech Inc. web site reveals;
Hyphen Tech Inc. is owned and operated by Rodney Brace in Newfoundland, Canada.
That is presumably additionally the place Premier Revenue Plan is being operated from.
Brace himself first appeared on BehindMLM as admin of All Teamed Up again in 2013.
All Teamed Up was a matrix cycler pyramid scheme, which touted $7000 a month on a $25 month-to-month spend.
Not likely certain how lengthy it lasted however All Teamed Up is lengthy gone.
Learn on for a full overview of the Premier Revenue Plan MLM alternative.
Premier Revenue Plan Merchandise
Premier Revenue Plan has no retailable services or products, with associates solely capable of market Premier Revenue Plan affiliate membership itself.
Premier Revenue Plan affiliate membership supplies entry to a video convention platform, chat app, audio and video e mail platform and testimonial supervisor.
The Premier Revenue Plan Compensation Plan
Premier Revenue Plan associates pay $59 a month. Commissions are paid after they recruit others who do the identical.
Recruitment Commissions
Premier Revenue Plan associates are paid a direct commissions every time they recruit a brand new affiliate.
$10 is paid on the primary and second recruited associates and $15 thereafter.
A $10 residual recruitment fee is paid on associates recruited by the primary two associates you recruit, ranging from the third affiliate they recruit.
In flip these recruited associates should additionally cross up the $10 residual recruitment fee on the primary two associates they recruit.
On this method it’s doable to earn residual recruitment commissions past the second degree of recruitment.
From the third affiliate the $10 residual recruitment fee is paid on the downlines of their first two recruited associates solely.
Residual Commissions
Premier Revenue Plan pays residual commissions through a 3×9 matrix.
A 3×9 matrix locations a Premier Revenue Plan affiliate on the prime of a matrix, with three positions straight underneath them:
These three positions type the primary degree of the matrix.
The second degree of the matrix is generated by splitting these first three positions into one other three positions every (9 positions).
Ranges three to 9 of the matrix are generated in the identical method, with every new degree housing 3 times as many positions because the earlier degree.
Premier Revenue Plan’s residual commissions kick in from the second month recruited associates pay charges.
Residual commissions are paid as positions within the 3×9 matrix are stuffed.
Positions are stuffed through direct and oblique recruitment of recent Premier Revenue Plan associates.
How a lot of a residual fee is paid out is decided by which degree of the matrix a place is stuffed on:
- degree 1 (3 positions) – $3 per place stuffed
- ranges 2 to eight (9837 positions) – $2 per place stuffed
- degree 9 (19,683 positions) – $1 per place stuffed
Word that the above commissions are tied to cost of month-to-month affiliate charges.
They’re paid out month-to-month so long as recruited associates positioned into the matrix proceed to pay their month-to-month charges.
Matching Bonus
Premier Revenue Plan pays a 100% Matching Bonus on matrix residual commissions earned by personally recruited associates.
Becoming a member of Premier Revenue Plan
Premier Revenue Plan affiliate membership is $59 a month.
Conclusion
Evidently nothing a lot has modified in Rodney Brace’s MLM choices over the previous 5 years.
In 2013 All Teamed Up was bundled with a “video e mail postcard system”, “video app system”, “web site communicator instrument” and “audio video convention system”.
Though the names might need modified in some cases, these merchandise exist at present and are a part of Premier Revenue Plan.
Compensation sensible whereas All Group Up was a cycler, Premier Revenue Plan is a way more easy pyramid scheme.
As a substitute of smaller matrices to leap by, you’re filling a much bigger matrix by recruitment.
That Premier Revenue Plan’s commissions are tied to recruitment is what makes it a pyramid scheme.
And holds true regardless of what Brace hooked up to the chance.
There’s additionally the likelihood Brace is recruiting Premier Revenue Plan associates into different scams.
On the backside of the Premier Revenue Plan web site is an “earnings alternative hyperlink”.
This results in an internet site web page selling a “lending funding alternative”;
Lending Alternative To Earn Monetary Rewards!
As expertise continues to evolve we’re dedicated to persevering with to evolve with it and to offering vanguard communication options to our joyful clients.
If you need the chance to study how one can take part by lending any amount of cash to our continued progress then find our numbers under, name and ask for Rodney Brace, our CEO, he’ll clarify how one can earn above common rewards.
“Lending” in MLM sometimes refers to cryptocurrency ICO lending Ponzi schemes (suppose Bitconnect).
As a consequence of Brace’s deliberately secretive pitch, I can’t say whether or not he’s recruiting into an exterior Ponzi or some “not for the general public” element of Premier Revenue Plan.
On the very least I can affirm neither Rodney Brace or Premier Revenue Plan are registered to supply securities in Canada.
Which means no matter what Brace’s Premier Revenue Plan lending funding alternative is, if it’s passive in nature he’s committing securities fraud.
Getting again to the Premier Revenue Plan MLM alternative although, as with all pyramid schemes, as soon as affiliate recruitment tanks associates will discover their matrices stalling.
This may see these on the backside of the company-wide matrix (nearly all of associates at any given time), cease paying their month-to-month $59 payment.
That in flip sees these above them cease getting paid, and until new recruits might be discovered they cease incomes too.
As an increasing number of Premier Revenue Plan associates cease paying $59 a month, ultimately an irreversible collapse is triggered.
To ensure that Rodney Brace to obtain many of the cash deposited into Premier Revenue Plan (by preloaded admin matrix positions), nearly all of associates must lose it first.