Better Living Global Marketing bid inflation woes
One of the problems with the Ponzi points MLM business model Zeek Rewards pioneered is that, when combined with a penny auction front, sooner or later affiliates wind up re-investing in an extraordinary amount of bids.
Due to the expiring nature of the Ponzi points model, this re-invest in bids is a daily occurrence, resulting in a huge amount of bid saturation on the penny auction front-end.
With affiliates having to dump bids on customer accounts to generate Ponzi points (usually accounts they’ve created themselves or paid someone else to create), typically after they’ve been dumped the bids sit doing nothing.
As evidenced in Zeek Rewards, most affiliate investors find it too time consuming to waste time in the auctions. Some affiliates however, usually in an attempt to maximise their ROI via the winning of an auction here and there and cashing out the prize, do use the bids they’ve dumped.
Over time enough affiliates wind up engaging in the auctions that every auction simply winds up flooded with an excessive amount of used bids.
Why is this important?
Ponzi points fuelled penny auctions already suffer from a low amount of retail activity. In Zeek Rewards this was less than 2% of of the total revenue generated by the company.
The facade of retail activity in Ponzi points penny auctions is important, as it allows the company to continue to attract new investors on a platform of supposed legitimacy.
How do penny auctions attract new non-affiliates? By promoting the ease with which it’s possible to win items in their penny auction front, at substantially less than retail prices.
Bit hard to do that when your affiliate investors are swamping every auction with near infinite amounts of Ponzi points bids.
What inevitably winds up happening is retail dies off completely (nobody wants to spend money on practically unwinnable auctions), and affiliates just wind up bidding each auction into oblivion. Auctions wind up being won on a game of patience rather than cost analysis of bids used to win an auction vs. the cost of the auction itself.
Just before Zeek Rewards’ revenue was about to go negative and the SEC shut them down, bid inflation occuring in Zeek Rewards’ Zeekler auction was readily observed.
Now, not surprisingly given Better Living’s near identical penny auction Ponzi points business model , Better Living Global Marketing appear to be heading down the same path as Zeek.
Whereas Zeek Rewards simply referred to their bid inflation as “fraud”, Better Living Global Marketing are instead calling it a ‘non-natural means to place bids‘.
In response to likely complaints from the company’s handful of retail customers about unwinnable auctions, Better Living Global Marketing issued the following warning to affiliates on October 2nd:
Despite our polite reminders given to Members not to use “non-natural means” to place bids, situation has not improved but, on the contrary, deteriorating.
BLGM members are noble and live honorable lives. They understand that the profit-sharing pay-outs alone, not to mention the lucrative marketing bonuses, are a good source of income. Trying, still, to get advantages from the auctions demeans themselves.
This is to announce, with immediate effect, any behavior to our suspicion at the auctions will bring about serious consequences. Without prior warning, the suspect bp8.hk accounts will immediately be locked.
Should our actions be further neglected, say, suspects still using other accounts of theirs to continue such low-life behavior, ALL their accounts, including their blgm.hk memberships, will just be terminated with NO appeal.
Of course with time only compounding the problem and more and more dummy bids being created by the day, despite Better Living’s warning the Bidder’s Paradise bid inflation situation did not improve.
Infact, as per the company’s own words, since they published their initial warning things have only “deteriorated”. This prompted Better Living to put out yet another affiliate warning sometime over the past 48 hours:
Despite our polite reminders given to Members not to use “non-natural means” to place bids, situation has not improved but, on the contrary, deteriorating.
BLGM members are noble and live honorable lives. They understand that the profit-sharing pay-outs alone, not to mention the lucrative marketing bonuses, are a good source of income. Trying, still, to get advantages from the auctions demeans themselves.
This is to announce, with immediate effect, any behavior to our suspicion at the auctions will bring about serious consequences. Without prior warning, the suspects’ bp8.hk accounts will immediately be locked.
Should our actions be further neglected, say, suspects still using other accounts of theirs to continue such low-life behavior, ALL their accounts, including theirblgm.hk memberships, will just be terminated with NO appeal.
Whether any affiliate accounts have been since been terminated due to bid inflation (the use of bids affiliates invest in and dump to generate Ponzi points) is unclear.
Curiously Better Living appear to have taken steps to retract information about their related company’s, with the Better Living Global Marketing domain (“blgm.hk”) showing the default Apache web server config page:
The website has been down for at least 48 hours now. Prior to the company pulling the website it displayed information about Better Living Global Marketing’s parent front company, MSP Power Marketing.
Additionally some time in the past week Better Living Global Marketing has also pulled the MSP Power Marketing website over at “msp-power.com” too (website was up on October 9th as per Google cache):
The affiliate login for Better Living Global Marketing is still working on the BLGM website domain, so this appears to be a deliberate attempt to retract information put out by the company on MSP Power Marketing.
Why Better Living have done this I haven’t been able to ascertain.
Does it have something to do with fellow Hong Kong based Ponzi scheme WCM777 recently pulling out of the US amidst rumours of an FBI investigation?
Stay tuned…
Luke teng will never ever be beaten by behindmlm, Patrick pretty, SEC, FTC
Secret service or the Feds.. Dr Luke will beat you all.. hahaha!!
Beaten by BehindMLM? What’s there to beat?
Better Living Global Marketing is an obvious Ponzi scheme. Whatever happens happens, and I’ll be around to cover it.
Trying to evoke silly marketing tactics like “us vs. them” won’t work here.
Oz Prove it…. better living is much much bigger and better than zeek and Wcm777, why don’t you go to HK and see the financial statements for your yourself.
Blgm 200 million and growing…….
BLGM take investments from affiliates and promise a 99 day ROI. This ROI is funded by new affiliate investments.
It’s a clone of the Zeek Rewards Ponzi points business model, started up shortly after Zeek Rewards was busted in the US.
“Bigger” doesn’t not make BLGM a Ponzi scheme. It’s business model is the only contributing factor.
One doesn’t need to fly to Hong Kong to see statements that show the shuffling of new affiliate investment amongst existing affiliates. The BLGM business model and compensation plan already spell this out.
I suggest psychiatric intervention ASAP. Clearly paranoia has taken hold.
One wonders that perhaps there is another explanation…
That there is NO actual problems at BLGM, and this is merely setting the stage to shut the whole thing down AND set the blame on the participants?
K Ching. /Oz,
WCM777 and BLGM Above the LAW!!!!!
Which planet are you living on again?
I think he’s probably living up on one of those 7 mountains these folks are always going on about.
The fact that he’s able to leave comments at all is nothing short of a miracle, WIFI reception up there must be terrible.
Guess lack of oxygen up there has fried a few brain cells…
Its called TrollPlanet. Everybody there lives in the basement of parent’s home and spend 24 hours of the day on the internet.
Ah, I see. Specie was identified here:
http://doblelol.com/uploads/3/funny-videos-the-internet.jpg
Dr Luke teng and Dr Xu Ming 2 devout Christians!! How can they be involved in a ponzi scheme?
15 Religious Swindles That Sullied the Holy Name:
http://www.businesspundit.com/15-religious-swindles-that-shame-the-holy-name/
Sure they can be devout Christians AND scammers. Here’s quite a few samples.
Oz/K C
Better living global marketkng … News!!!!!
^^ That’s all very well, trouble is Better Living is still just an affiliate-funded Ponzi scheme. Affiliates buy in to get their 99 day ROIs, spam bids everywhere and there’s little to no retail.
Better Living Global Marketing is just a simple clone of Zeek Rewards, there’s absolutely nothing revolutionary about it.
In light of that, whatever “adjustments” they make to the penny auction are all but irrelevant. Instead, you’ll just have the admin crying more about bid inflation as those Ponzi points balances continue to rise.
What does he expect his affiliates to do with their Ponzi points bids? Of course they’re going to spam the auctions with them.
So you’re now Daniel instead of Frank. What name are you gonna use next? (Same Gravatar means same email address)
That’s not a breakthrough. That’s an INCONVENIENCE.
Did any BLGM “winners” post with the actual product instead of just the box, which really proves nothing?
Wonder what other PR speech you’re going to quote next?
Now you know what happens when you feed trolls. He spawned second head.
he just thinks he did. It’s schizophrenia.
Luke Teng just told a group of about 100 American affiliates that there is enough retail income coming from Bidder’s Paradise independent bidding in HK to sustain BLGM without recruits. To which I say: BULLPUCKY.
There’s something cult-ish about this dude. He keeps wooing people with his religion and “I’m-so-humble” act. I can’t tell if this guy is a true believer or just a really soft spoken con man.
@Kasey
He tried to use “TONY”. Spambinned.
FYI… Apparently just empty boxes of products is worth a few bucks on Craigslist and such. Apparently, empty iPad boxes are worth up to $20.
http://www.topix.com/forum/city/portsmouth-oh/T5HQF5JNU8TKSG1HK
Not saying BLGM is fake, just that the photos doesn’t prove anything.
Does it matter if people are actually receiving the products if all of the bidders are involved in the compensation plan?
I walked into Luke Teng’s office in Hong Kong. He was not expecting me. I asked to speak with him. He immediately came out of his office and gave me a warm greeting. He speaks pretty good English. I asked him if he is a doctor. He said he went to Dental School in the Philippines, but is not a practicing dentist.
He posed with me for a photo. He introduced me to his Customer Service Manager, Bailey Yeung. I met other members of his office staff. They are warm and friendly people.
He has a really big office suite. There were about a dozen staff giving out prizes and paying winners cash. There were about 50 winners there waiting to be served. The BLGM office is well organized.
^^ What does any of that have to do with the price of fish on the moon?
Fight u people I don’t care but those new people join in nlgm they cry because money they put in this biz it won’t go to company it gose to member because all people collect daily income and join new member.
hahaha which is called come and be part of scam well those already cross 4 month 100% they get investment back from new member they have join from their commission well I am not against any one thanks.
About auction winner all r true picture but if sum member say money comes from bid I honestly tell you guys member’s they don’t have any idea as a penny auction company owner and mlm company owner I know how system work.
if the bid point really profit I may apply same sysyem of blgm but sorry they just making a huge scam trust me time comes, any family broken many friend’s become enemy because of this program.
trust me company close because of no business or no member join but this blgm close soon because more member join and they can’t pay to members.
My sister’s been encouraging me to join. She said starting January there will be no more recruiting for new members because the business is growing and that business is expanding and opening in China.
She’s willing to let me borrow money to start with 3 units because she wants everyone in the family to get in before January. She said business is legit because her friends went to Hong Kong and met the owner… I don’t know if I should believe her or not.
She said they started with 3 units and now has 40 units. Is that possible if they started 6 months ago?
An owner in Hong Kong doesn’t make an MLM business legitimate, its business model and compensation plan does. Better Living simply take newly invested affiliate money and pay it out to existing investors.
There is no advertising revenue and that’s not going to change come 2014. At least nowhere near significantly enough to continue to pay out the Ponzi ROIs BLGM has been paying out.
she gets a referral commission. This sounds like the start of a bad movie…
Sure it is.
On her computer screen she could have 400,000 units, and she STILL wouldn’t have enough to buy a cup of coffee.
Think about it this way:
Some guy you’ve never seen before walks up to you in the street and says if you give him cash he’ll promise to give you back the cash with interest some time in the future.
Would you give him the cash ???
Would you walk away and hope he lives up to his word, even though you don’t know him and he walks away AND he admits he’s going back to Hong Kong in the meantime ??
Would you ??
What is different in what your sister has done ??
I joined BLGM early this year. I have almost 100 units. I have not had a successful withdrawal since October. I am afraid this plane is about to crash.
It is definitely on fire and smoking a lot right now. Lots of smoke signals coming from Mr. Teng. I no longer have any faith in BLGM. If you want, I will sell you my shares for pennies on the dollar.
I also am an affiliate at blgm and have withdrawals stuck somewhere. They call it a “jam of withdrawals” but i’m starting to think that’s definitively something wrong. Theres no way it would take over two months to get the money..its ridiculous!
The famous ticket number we are supposed to get doesn’t even show and now you can make only one withdrawal per month and still there’s a “jammed” situation there.. Absurd..
Good Afternoon,
I have been waiting since November for my first withdraw of approx. $500.00. My personal thoughts are, it will never arrive?
My question is this: if you gave your money, check or cash to your up line, how do you know they gave it to Hong Kong? Can anyone answer this?
Thank you,
Terry
@Daiana
Ask your the person who convinced you to invest.
They take your real money and transfer over Ponzi units to you. They know the scheme isn’t paying out so they offload as many units as they can onto unsuspecting investors like you.
Now you’re left holding the bag.
Because there is nothing “positive” about Ponzi schemes.
They didn’t give the money to the company, but some people might have shared the money with their uplines.
It works like this:
1. You pay money directly to your sponsor
2. Your sponsor use “Hong Kong dollars” to pay for units
3. You get the units from your sponsor
It doesn’t make much difference for you. You would have paid the money to SOMEONE anyway in exchange for the units. It might make a difference if the program is being shut down by authorities.
It’s a “scam inside the scam”, but it’s also a “legitimate method” to save transaction fees and transaction time. It’s also a method to disguise monetary payouts, e.g. for tax evasion purposes or to prevent potential clawbacks.
Post #324 “John” in the BLGM review (another article) is one example where that method was used. I can probably find a few other examples.
You might potentially have a claim against your sponsor, rather than against BLGM itself. But your sponsor might have been cheated by people higher up in the system.
A link to post #324 in the BLGM review. I used that as a known example in my previous comment:
The “Hong Kong dollars” are worthless if you can’t withdraw them as cash. They’re similar to monopoly money, and can only be used inside the game.
I know now that I have been scammed, bamboozled and hoodwinked! I’m tired of hearing how there is backlog of withdrawals. BLGM has been saying that since December, claiming they are now workng on November withdrawals. It’s now March.
If I hear how Mr. Teng is such an honorable man, 1 more time, I’m going to throw up!
I started to suspect this was a Ponzi scheme when they introduced the CWallet, a couple of months ago. Now you can’t buy another unit with earnings. You have to deposit real money into your CWallet.
Anyway, I asked for a withdrawal back in January, still haven’t gotten it. But the uplines continue to sell the lie talking about how top companies like Samsung, etc are buying ad space. Yeah right!!!
Well I have members waiting since November… so get the picture – this is not going to end well.
I have listened to the same February 17th conference call, the one with “Blessing Gold Club” and the honorable Mr. Luke Teng, and “last chance to buy units for $500”.
BLGM was initially organized from the US when it was launched around August 15 2012. Currently it seems to be run by Everett P. Hale and his team.
I have posted something about it in the BLGM review article:
I have just started to look into it now recently, when people started to ask questions about it.
What I have tried to do is to identify some of the initial organizers, the ones who were promoting it BEFORE August 20 2012.
Everett P. Hale joined in January 2013, but he’s currently running the show, assisted by a team. He’s also supported by the organizers of the “Blessing Gold Club” cash gifting scheme, the ones who held the conference call.
Is that Frank from SoCal? You and Jay and gonna be in bigggg trouble bro. Unlicensed Securites and Money Laundering.
Ok 2.2 BLGM has started …. WTF…. heres the plan Go to your neigbord or with a family member tell them to buy a pack of bids for 300 dls they will give & set up a BP8 account and a few bids and with a title bit of good luck your friend family whatever will win a product half of the price…
I forgot to tell you that I can cancel my 6 month old wire to set up my victims account to CASH OUT … how about that …..ok Lets imagine I do that …..
lets pretend that I know that the company is not paying here in USA nor giving any items fiscally and still I manage to scam my friend ….What if he wins an IPhone what the fuck the company is going to give him for the 50% ….. Bids ? Cash wallet ?? Ewalet?
Wait he doesnt even have an BLGM account how int he fuck the company is Going to reimburse my victim?
Somebody come up with bright future penny auction. They are cashing out here in kenya and usa minnesota.
Can somebody talk about this company, it sound like better living.
ATTENTION ALL – Especially you Frank! Anyone who is willingly promoting BLGM will be held culpable.
I have been seriously hurt by BLGM. I invested personal time and whats left of my money (BLGM has most of it) to have this crook Mr. or Dr. Luke Teng and BLGM investigated as well as MSP Power Marketing.
They are abject criminals. it’s all smoke and mirrors people.
To put that idiot Frank in his place – BLGM has/had members that used US Banks to wire people’s money to Hong Kong on behalf of BLGM – THAT is their downfall. The United States Government can go ANYWHERE THEY WANT when a US Bank is involved.
It is taking time and will take a bit of work – but rest assured Luke Teng is going to prison for a long time along with all those who knowingly helped him. He is an ABJECT liar and criminal and has seriously seriously hurt people.
I invite anyone defending this Son of a Bitch to meet me anywhere any time so I can educate them on this monster.
Investigator, I am a BLGM. Victim as well.
This monster Dr. Teng has hurted. Many people. Would it be possible to meet with you to try to recoup my losses. Thanks
(Ozedit: email removed) he has responded to my email with a “sucks to be you disclaimers to include a no garrantee cwack clause…”
He and his pack of frauds are claiming that they did not rip us off, that we “gave” them our cash.. and that we should have done our research. . Lol
Considering all the “don’t believe anything you read on the blogs” nonsense that accompanies such scams, that’s rich.
“You should have read up on how we’d steal your money before you handed it over to us”.
Good grief.
BLGM was prelaunched locally in the U.S. in early August 2012, just before the shutdown of ZeekRewards. It hastily moved to Hong Kong immediately after Zeek’s shutdown.
That was something I checked (looked at) in late 2012 / July 2013 / March 2014 = only pieces of information with no real value, unless you’re looking for pieces like that.
* I didn’t find the original U.S. organizers
* I did find exact date for when the company moved to HK
From the other BLGM thread here, when I checked something in March 2014 (post #665):
NOLINK://behindmlm.com/companies/better-living-global-marketing-review-99-day-rois/#comment-230294
* Everett P. Hale claimed to have visited Luke Teng in Hong Kong, to look at the new business model (February 2014).
Post #654:
NOLINK://behindmlm.com/companies/better-living-global-marketing-review-99-day-rois/#comment-224215
You will find some pieces of information between post #654 and #665.
Well it’s now December 13th 2014 or so and I received a recording from my BLGM upline about an Edward Kimchin who recently visited Mr Teng at his office in Hong Kong.
Edward spent several hours with Mr Teng. Mr Teng reassured Kimchin that things are progressing along. It will be early spring or summer of 2015 before things start to come to fruition like the Alexa rating dropping.
Teng shared with Kimchin that he is working with the Lady of China in a trash project to clean up China which will indirectly lower the Alexa rating.
There are other things in the wind Teng said that will lower the rating. Tengs final words to Kimchin was to get as many units as you can.
Teng said he is going to pay out everything coming to the members withdrawals. I myself am not making any conclusions about whether or not BLGM is legit.
BLGM is of course not “legit” based on its business model.
Sounds like your friend is a moron if “lowering the alexa rating” was enough to convince him the Ponzi hasn’t collapsed. Teng urging him to invest new funds should have been the writing on the wall.