Ultimate Profits Network Review: $30 matrix scheme
Ultimate Profits Network state on their website that the opportunity is “powered by Team Impact LLC”, with Team Impact headed up by Jon Scherling and Geoff Cash.
A YouTube video on the Ultimate Profits Network website also credits Scherling and Cash (bottom right) as the owners of Ultimate Profits Network.
Location wise a virtual mailbox address in the US state of Pennsylvania is provided on the website, indicating this is where Team Impact LLC and Ultimate Profits are registered.
In late 2009 Scherling launched a gifting scheme called “2010 Blessings”. Participants put $25 into the scheme and were gifted up to $100 by other participants.
Upon receiving $100, participants continued to put more money into the scheme ($50, $100 and $250), receiving back as gifts $200, $400 and $800 from other participants.
Scherling also credits himself in an APSense profile as being a “master affiliate” of Smart Media Technologies from December 2011 to present. Scherling states that Smart Media Technologies ‘is going to be responsible for shutting down quite a few similar programs when it goes into full launch‘.
Geoff Cash appears to have been more active on the affiliate side of things. Cash was involved in having been involved in several dubious schemes, including Just Been Paid (Ponzi scheme), ProsperElite (matrix-based recruitment scheme) and Holy Grail Residuals (gifting scheme).
Read on for a full review of the Ultimate Profits Network MLM business opportunity.
The Ultimate Profits Product Line
Ultimate Profits has no retailable products or services, with affiliates only able to market affiliate membership to the company itself.
Bundled with Ultimate Profits membership are capture pages, an auto-responder, contact list builder and a library of private label rights ebooks.
The Ultimate Profits Compensation Plan
The Ultimate Profits compensation plan revolves around a single 4×4 matrix, with monthly commissions paid out of affiliate membership fees.
A 4×4 matrix places an affiliate at the top of the matrix with four positions directly under them (level 1). In turn, these four positions branch out into another four positions each (level 2) and so on and so forth down four levels:
In total there are 340 positions in a 4×4 matrix, with positions filled by recruited affiliates. These affiliates can be directly recruited or via the recruiting efforts of an affiliates up and downlines.
The affiliate at the top of a matrix earns a monthly commission, depending on how many affiliates are in their matrix and on what level they fall on:
- Level 1 – $4 an affiliate ($16)
- Level 2 – $2 an affiliate ($32)
- Level 3 – $2 an affiliate ($128)
- Level 4 – $10 an affiliate ($2560)
If an affiliate has recruited at least four affiliates, they earn a 50% matching bonus on the level 4 matrix commissions earnt by any affiliate they’ve personally recruited.
Recruitment commissions are also offered, with Ultimate Profits paying out $5 a month for every personally recruited affiliate who continues to pay their monthly membership fee.
Joining Ultimate Profits
Affiliate membership to Ultimate Profits is $30 a month.
Welcome to THE BEST Compensation Plan That You Will Ever Come Across Online. There Have Been MANY Whom Attempted This And Failed MISERABLY!
With no retailable products, all commissions paid out of affiliate membership fees and affiliates paid commissions based on how many fee-paying affiliates they and their up and downlines have recruited into the company, Ultimate Profits squarely fits the definition of a pyramid scheme.
All commissions are reliant on the constant recruitment of new affiliates, and their continued payment of affiliate membership fees.
If affiliates at the bottom of the pyramid are unable to fill their matrices with new recruits, they stop paying their fees and affiliates above them stop earning their monthly commission. In turn, they stop paying their fees and the end result is a trickle up process that eventually collapses the scheme.
There’s a reason the “many who have attempted this” business model have “failed miserably”, a point seemingly lost on Ultimate Profits’ owners.