If I was going to write a sales pitch for a Ponzi scheme that paid a 3% daily return on member investments, it’d probably go something like this:
Get paid 3% with no sponsoring requirements. Without telling, selling & explaining anything to anyone.
Earn 3% per day – 90% per month!
That’s the advertising copy Mega Ad Share uses to describe itself on the company website…
Read on for a full review of the Mega Ad Share business opportunity.
The Mega Ad Share website contains no information on who runs or owns the company.
The domain ‘megaadshare.com’ was registered on the 1st of February 2012 and the registration information is set to private.
As always, if a MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The Mega Ad Share Product Line
Mega Ad Share have no retail products. Instead, members must invest into the company (in $10 investments) and with each investment they are given advertising credits.
These credits are to be used on an inhouse advertising network that features on the Mega Ad Share website.
You cannot purchase advertising credits from Mega Ad Share without making an investment into the company.
The Mega Ad Share Compensation Plan
The Mega Ad Share compensation plan’s main commission structure revolves around an investment scheme.
Mega Ad Share members invest $10 per investment and the company promises a 150% return on the investment after 50 days.
Members are capped at investing 100 $10 investments a day ($1000 a day).
There is also a 50-50% cashout rule, which I believe means that 50% of the ROI must be re-invested back into the company (it’s a virtual balance).
In addition to the investment scheme, Mega Ad Share also pay out referral commissions (on the amount invested).
Members who invest money are paid 7%, 5% and 3% on the investments of their levels 1, 2 and 3 respectively, and free members earn 10% on their level 1′s investment amounts.
Joining Mega Ad Share
Joining Mega Ad Share is free however you need to invest in the investment scheme if you wish to make money.
Free members can recruit members and earn 10% of their investment amounts, however I believe this 10% is paid out as a virtual balance. Once this virtual balance reaches $10 the free member then has to investment the amount into the company in order to cash out (subject to the 50-50% withdrawal rule).
Whether you join and invest your own money or your 10% referral commissions, everyone who wishes to earn in Mega Ad Share has to invest money.
The advertising credits are not available at a retail level meaning they are not being purchased, but rather people are investing money.
Like most of these plans going around, the Mega Ad Share refund policy gives the game away:
Q: If I cancel my membership, will I get a refund?
A: Please understand that you are purchasing our product (you get 5000 Advertising Credits/ position) and this is made available to you instantly by our system.
Our system will also instantly and automatically allocate your positions in our Daily Earner Pool and allocate directly the earnings and referral commissions to your sponsors where they can withdraw immediately.
AS such, we do not offer any refund.
If it was the advertising credits being purchased, provided no credits were used refunds would be a straight forward affair.
Due to the fact that 100% of Mega Ad Share’s investment returns are paid out of the money new and existing members are injecting into the system, refunds are thus not possible.
Or in other words, Mega Ad Share is yet another investment Ponzi scheme masquerading as an advertising network.