OwnProfits Review: 150% ROI “shares”
There is no information on the OwnProfits website indicating who owns or runs the business.
The OwnProfits website domain (“ownprofits.com”) was registered on the 8th of August 2013, however the domain registration is set to private.
Affiliates are naming an “Eric Teng” as the owner of OwnProfits on social media, which appears to be supported by Teng’s presence on the OwnProfits Facebook page:
On his personal Facebook profile Teng lists his location as Singapore, which correlates with a supplied address on the OwnProfits website that is also based in Singapore.
On the MLM history side of things, Eric Teng was most recently the Chief Technology Officer of AdSpacePro.
AdSpacePro launched in July 2013, accepting $5 investments from affiliates on the initial promise of a 150% ROI. All revenue was sourced from new affiliate money and paid out to existing investors using the familiar “Ponzi points” style compensation plan.
On August 19th, AdSpacePro CEO Thomas Winegard sent out the following “compliance update” to affiliates, explaining that he’d only recently been informed Ponzi schemes were illegal in the US:
AdSpacePRO – Compliancy Update
Dear AdSpacePro Member, Firstly, I would like to thank you for your patience while we are in Beta Launch and understanding the technical errors that we have incurred and the downtime that it has taken to get them resolved.
I unfortunately write to you today with another major hurdle that AdSpacePro has come across. Due to new laws in the USA that have come into effect, their are certain aspects of AdSpacePro that will no longer make us fully compliant.
It is not only AdSpacePro that has to change our business model to fall within their guidelines (To Continue Operating LEGALLY), but many of the other rebate programs throughout the internet. Even big boys on the block will too have to make changes.
We have had a look at our options to either keep the website functioning, slowly changing things one step at a time, or to put the website back into pre-launch stage, rectify everything that we need to do to stay legally compliant, and then re-launch on the 1st September as a fully functioning, fully complaint business opportunity.
I am sure that some of you may feel concerned about our capabilities or in the thought that we are in trouble. All of you that have spoken to me know that this is most defiantly not the case at all! I am not going anywhere! It is just unfortunate that these changes in government rules has come at the stage just after we launched in Beta.
So where does this leave you?
1) All membership fees made to ASP will be refreshed on the 1st September so be advised that you have not lost anything
2) All purchased shares will be credited to your account balance for you to use again on launch date; therefore you have lost nothing here.
The only thing lost is time, which is frustrating for not only you but us as well.
We are sorry for this further delay, but I am sure that you will agree with me that it is in the benefit of the whole family to get these changes made before we really kick off.
We don’t want to be on the other side of the law at any stage and therefore it has been our decision to put AdSpacePro website “Under Maintenance” until the 1st September to allow us to complete and change these necessary steps.
I would like to thank you for your support and understanding through this time. When we come back, we will be bigger, better, fully compliant and have everything ready for our members to log into and start building your business and making money online.
At this time I would like you all to retract any public promotions on any website on the internet in which you have publicly promoted.
The use of revenue sharing will not be allowed to be used ever, passive income will not be aloud to be referenced in any presentation of the adspacepro,and distributors, you may not say we share our profits with you.
Upon starting up the site again there will be a new Advertising Rebate Model that will be introduced. You will receive Advertising Rebate Value each time you purchase and apply your advertising to a campaign.
There is a lot of other things coming as well, the point system will be phased out, We have a brand new Advertising platform called the Web Traffic Driver.
We will open the back office back up as soon as we can go in and remove the (ASpace Packages) infrastructure without causing any more technical hick ups, once this is done we can reopen and allow you guys to begin earning commissions again off the sale of advertising.
P.S Please to not forget to retract all marketing campaigns to AdSpacePRO for the time being and, you should only ever show the latest revised compensation plan and Income Disclosure statement to a prospect in a private manner.
Please make Sure To Check The News Section Daily To Receive Our Important Updates Again, No public advertising of the biz opportunity, only within private areas, in which only they or the people interested/invited may learn more about the compensation plan.
The revised compensation plan, and Income Disclosure Statement will be released after it has been approved by an MLM lawyer.
Our public focus is on developing new relationships with advertisers <–(Customers) that will purchase our revolutionary new products to help drive traffic to their site, and get more leads Products: (Web Traffic Driver + AdSpacePRO Tool Set)
I had to cut my ties with my last lawyer who failed to make me aware of recent changes that will be taking place in the U.S Regulations, we now have one of the top MLM Lawyers that will be helping us construct a complaint and beneficial platform for the people.
Kevin Thompson, has multiple clients in the MLM industry and comes highly recommended to me as someone “Who knows his stuff” We will also be purchasing a compliance training course presented by Kevin himself that all distributors must complete, in order to properly represent AdSpacePRO, and what you can or can not say or do!
Kind regards, Thomas Winegard CEO AdspacePro!
As above Kevin Thompson was named by Winegard as AdSpacePro’s new lawyer, however no clarification is made of the supposed “new laws that have come into effect” in the US since the launch of AdSpacePro in July 2013.
After the compliance update Winegard thing seem to have deteriorated. On the 15th of September Eric Teng advised via Facebook that he was “officially out of AdSpacePro”.
Less than 24 hours later Teng went on to post the following:
Alright, now that I am calm, I’m just going to lay down some facts just so you guys can see what kind of person Thomas Winegard is deep down inside. This include the ones you already knew and the ones you maybe didn’t know about.
1) He said bad things about people behind their backs… and I’m not talking just about any people… I’m referring to people like Chris Donnelly, Nikki De Chalain, Edward Elliott who have helped him so much.
How ungrateful can a person be? If Thomas can do such things to me and all those close to him, then I cannot imagine what kind of things he can’t do to others who helped him less.
2) Greed got to Thomas and why do I say this? He keeps wanting to reduce the equity of his partners (both Chris and mine) from the day the business starts.
It started from 33.33% each, and then he reduced Chris to 15% and now maybe less. He reduced mine from 33.33% to 10% to now 0%.
3) AdSpacePro is broke. Only a week ago, I gave Thomas my credit card details (yes, that’s how much I still trusted him 1 week back) so that he can purchase something he needs (and it cost less than $100).
He still has my credit card details but I’m going to cancel it tomorrow.
The lawyer fees are $8k and I estimate we need about another $15k-$25k to pay off the members when the shares expire plus the account balance so I’m not sure how he’s going to dig out ($8k + $15k = $23k) or ($8k + $25k = $33k) based on my estimation.
4) I did not break any agreement because I specifically told Thomas that I am starting a new rev sharing site and he agreed.
I even ask him on 2 different occasions if he wants shares in it, and he did not. Despite this mutual agreement, I guess he is using the chance to kick me out so he can have my ASP shares to his own.
Common sense tells you that if I wanted to launch my own rev sharing site secretly, I wouldn’t have posted on my Facebook timeline publicly since Thomas is on my list and he could see it.
The reason I do it is because we had a mutual agreement and I think it’s ok to do so. I have proof of him agreed to my rev sharing site, yes.
5) For those who knew, I programmed the whole ASP system from scratch, been defending ASP each time some of you come asking and I kept saying ASP is not a scam (because until a couple days ago, I still trusted Thomas like some of you). And he claims I’m not loyal?
Someone who isn’t loyal to the business won’t offer his credit card to him and definitely won’t offer to inject $20k to keep AdSpacePro afloat because like I said, it’s broke.
6) Thomas kept giving promises and deadlines that wasn’t delivered. This did not happen just 1 or 2 times so it’s definitely not an accident, it’s his habit.
I’m sure you all know about all these broken promises by now, but for those who are new, yeah he kept giving false promises and bad deadlines.
7) Thomas changed the compensation plan to benefit himself at anytime he likes it!
For example when it was first started, he lure people in with unlimited shares and then limit the amount and today, nobody has any shares because AdSpacePro is broke and he’s not going to pay the shares.
Luring people in with a promise and then deliver something less and then at the end, deliver nothing, this is very unethical way of doing business. If he is serious about ethics, he should pay off the shares as promised first, you can’t simply steal/erase people’s assets/money like that without any compensation!
He’s basically taking everyone who trusted him as a fool.
I feel upset because I remember right from the start, we (some members and I) defended Thomas when he argued with some members, argue with David Dave Clayton (and David has the rights to be angry because members are indeed given false promises to come into ASP), and even argue with Charles Scoville and others who posted his mugshot photo.
Now given all the lies Thomas made and all the broken promises, I am beginning to start doubting his mugshot story.
It might well been him who stole the things just like how he stole my company equity from me. If he can do all these things to people, then why can’t he spin a story about his arrest?
For those who defended him today, I see a mirror image of myself on you, people who were being used by him because we trusted him too easily.
I am happy to provide proofs on all the above points I said. He is no longer worth me helping. Before today, I didn’t say all these because I was prepared to let the matter drop and let AdSpacePro continue, but when he started making threats today and hurling vulgarities at me, this broke the limit.
I am not weaken by threats, I always come back stronger when facing challenges like this.
At the time of publication the AdSpacePro website advises visitors that “something big is coming”, displaying a timer that has four days left on the count.
Despite the claim on the OwnProfits website that it’s been ‘a registered company in Singapore since 2009’, quite clearly as an MLM income opportunity the company only came about following Thomas Winegard’s AdSpacePro compliance backflip back in August.
Read on for a full review of the OwnProfits MLM business opportunity.
The OwnProfits Product Line
OwnProfits is a profitable cloud based system that provides you with everything necessary to start and grow your own online business. We provide additional tools (blogs, vlogs, email blast, capture pages, landing pages, etc) and share those profits with you so that you can easily focus on your online business!
Despite the above marketing spiel, it appears the only thing currently purchasable in OwnProfits is “shares”:
Can we buy unlimited Shares?
Shares are a way for us to reward our Members with the success of OwnProfits.com and should not be used as a way to exploit the system.
Therefore, to ensure the sustainability of our company, we introduce measures so that every Member has an allocated Shares limit according on their performance.
This means the harder you work, the better your performance, the more Shares you are allocated to grow your Profits!
OwnProfits don’t actually specify how much an individual share is, only stating that
they accumulate daily until they reach 150% of total value at which point they expire, giving you $50 profits for every $100 worth of shares.
Needless to say only affiliates can but shares, meaning that at the time of publication, OwnProfits has no retailable products or services.
That said, various marketing tools are bundled with paid OwnProfits affiliate membership.
The OwnProfits Compensation Plan
OwnProfits’ compensation plan revolves around the acquisition of “shares” by affiliates, which pay out a 150% ROI and after which expire.
Not mentioned in the OwnProfits compensation plan is the cost of an individual share, with the company only stating that shares will be allocated using a performance based process (read: how much money an affiliate invests and convinces their downlines to invest).
Shares are paid out according to an affiliate’s membership status, with paid affiliate’s shares maturing at a faster rate than a free affiliate’s shares:
In order to keep our business model sustainable, the Shares will appreciate at different rates which will be determined by multiple factors such as the total amount of Shares, the total amount of Profits, and most importantly, your Membership level.
In order to qualify for their daily ROI, OwnProfits affiliates must click on ten company-supplied ads each day.
Affiliate Membership Ranks
A basic OwnProfits affiliate subscription is $10 a month, with all affiliates paying the same monthly fee.
There are three affiliate levels in OwnProfits, with the higher levels receiving a larger portion of the daily ROI payout via their accumulated shares.
- Free affiliates – no cost
- Team Leader – pay OwnProfits $10 a month
- Regional Leader – continue to pay $10 a month and personally recruit 200 Team Leader paid affiliates, maintaining this number for 6 consecutive months
Regional Leader Bonus
Upon achieving the Regional Leader affiliate rank, OwnProfits will pay out an affiliate a one-time $10,000 bonus.
“Buy and Sell” Commissions
Details are scarce as to what exactly affiliates will “buy and sell”, however a percentage commission is offered independent of the share scheme on all purchases made by affiliates (5% for free affiliates and 20% for paid).
Share purchases or an affiliate’s monthly membership fee are not payable as “Buy and Sell” commissions.
Joining OwnProfits
Affiliate membership to OwnProfits is either free or $10 a month for a paid membership (faster 150% ROI rate of shares)
Conclusion
It doesn’t take a genius to see that OwnProfits is a reimagining of AdSpacePro before the Kevin Thompson compliance changes.
Built around a more typical fixed percentage ROI over the expiring Ponzi Points model, OwnProfits simply takes in new affiliate money and pays it out to existing investors, with how much they are paid depending on how many shares they have bought or generated.
Straight from the horse’s mouth, any notion that OwnProfits is anything but an affiliate-funded investment scheme is readily dismissable:
And then there was this, taken straight from the OwnProfits compensation plan:
As a passive investor who don’t want to do any work, you can buy your way in and grow your money.
One particular point of interest in the OwnProfits compensation plan was the mention of a super secret alternative source of revenue:
We have full time staff that purely focuses on bringing profits into the site. This is something that we will not reveal too much as it is our competitive advantage against competitors.
We need a sustainable business and that means we need someone to keep bringing in profits into the system.
Looking at the daily company supplied advertise clicking requirement for affiliates in order to qualify for their share ROI, I’m punting that this secret revenue generation is the sale of advertising by OwnProfits itself.
Advertising is frequently used as a front for online Ponzi schemes, with affiliates themselves typically being the only advertisers. Non-participant advertisers remain rare to non-existent as there is simply no value to third-party advertisers in purchasing advertising affiliates are forced to view in order to receive their ROI.
Regardless, whatever OwnProfit’s secret revenue source is it has nothing to do with the compensation plan, which remains entirely affiliate funded and pumped into the share scheme.
The basic idea?
I am definitely losing money on the short term but that’s my plan anyway, with focus on the long term.
This will be a 100% sustainable business over the long run (but for the starting few weeks, I am pretty sure that I will be losing money since I’m using my own money essentially to put this business on the fast track to success).
Eric Teng himself will put up the seed money to get the ball rolling before the usual take new affiliate money and use it to pay existing affiliates kicks in.
As always, once the new affiliate investment stops so too will the daily ROIs.
AFAIK there was no “new laws” that came into affect in the US that affects MLM space.
Somebody is fibbing.
There are some minor inaccuracies in the information so let me clarify.
Firstly, some of the products/services were already available, so it’s not just Shares.
Secondly, the site is reusing some of the codes since I’m the programmer of ASP and I need to get this new site up within 1-2 weeks and reusing the codes is the only way to get it up quickly.
ASP was also using my other previous projects coding, how else would you think it come live within 2 weeks so fast? That’s why the initial outlook seems like ASP (just like ASP looks like my previous projects when it first started) but OwnProfits will be a more complete system with revenue coming in from penny auctions, ecommerce, advertising, entertainment services etc.
Thirdly, there are some ways of generating revenue which clearly I don’t want to publish publicly because it’s a competitive advantage.
And the reason I am starting this new site is partly influenced by the fact that I wasn’t happy with how Thomas Winegard is running the site. I don’t like all the lies and false promises he made. You can get some of the evidence here which I posted in MMG:
moneymakergroup.com/Adspacepro-Adspaceproc-t450458.html&pid=7963866&mode=threaded&start=200#entry7963866
For example, I don’t agree with Thomas Winegard that we should spam the members. I don’t like spam myself but Thomas has a different thinking when it comes to spamming the members. This is only one example of how I don’t think the business should be operated.
The other thing is how Thomas constantly give a deadline and did not meet the deadline. When I give my word to the members, I feel the need to ensure I follow through with my promise which is important because it represents integrity, honesty and more.
The reason I am going to lose money at the start is not just about paying the members, but paying the employees and office rental and hardware etc. Yes, we have a physical office at Orchard Road. So clearly there’s some inaccuracies in this article that needs to be updated.
And I would like nothing to do with ASP anymore. I don’t want to be associated with a business operated by a liar as it will only bring down my rep along with him.
But shares are what everyone is going to buy.
Why the hurry? Need to recoup what you lost in ASP?
You can program what you want into it. History shows that in these schemes 95%+ revenue comes from affiliates investing into the scheme.
Y’huh. Did you download them from the Paul Burks school of wizardry?
But that’s the main reason. You pay out the members and then hope to recoup it as they and new investors come on board and invest.
Once the investment stops whoever’s left holding the bag loses.
Oz, if Shares are the only thing they buy, then they are not exactly what we’re looking for. Shares alone is not sustainable which I am sure you already knew by now.
Speed is a competitive advantage when it comes to business plus it’s stupid to recode something line by line if you already have something that you can use to speed things up.
You haven’t seen the compensation plan? If you do, you will see that revenue comes from diverse services. Think about this, ebay sharing their profits with you, how do you like that? Google sharing their profits with you, how do you like it? So your assumptions are kind of based on shaky grounds.
I agree that the rev sharing industry generally lacks trust, but this is exactly why I see an opportunity to take on this market. I feel that an honest program, over time, will slowly win over the members in such a problematic industry. It’s an opportunity for sure.
If you already have a certain mindset about how things are going, nothing I say will change your mind. But like I said, there’s a lot of wrong and unfair assumptions made by comparing it with previous rev sharing programs because I didn’t run those previous rev sharing programs and I don’t have control of them, including ASP.
I definitely see an opportunity to run an ethical program in such an industry dominated by crooks.
OwnProfits is something I can dictate control of and the direction in which the business goes, and I’m happy to engage with the members on this. But mainly for constructive suggestions rather than bantering about assumptions made.
You’re assuming you actualy *have* revenue to share. In this market, revenue are at best pennies. After you take your cut, and whatever takes their cut, people get less than PENNIES, if at all.
You’re not the first guy to think of this. Wazzub tried that last year, and Rippln is doing it this year, except they actually have backers and money to do something, you don’t.
And that’s assuming you actually do what you say, which I seriously doubt, as I prefer not to believe people until I see some proof.
That “shares” will get you into trouble with the SEC, which is what killed Zeek: unregistered securities. And it doesn’t matter if you operate on other side of the globe. If you offer it to Americans, SEC will get you.
So you’re doomed.
@Eric
Then why offer the shares in the first place? You and I both know nobody but share-buying passive affiliate investors are going to join OwnProfits.
What do you think I based the review on? Unless your misrepresenting the compensation plan in your official documentation…
Neither of those are MLM companies, fail.
And what, you think nobody has tried to MLM monetise a search engine and auction platform before? Please.
Good luck with that. The niche lacks trust because everybody participating knows full-well it’s a Ponzi. They’re out to rip everyone off and it’s every man for himself.
Every revenue sharing MLM company claims to have external revenue and time and time again this turns out to be complete BS. OwnProfits is already off to a flying red-flag start with the “secret methods of generating revenue” angle, that’s the oldest trick in the book (just ask Paul Burks).
That said you’re welcome to put up your non-affiliate investment revenue figures a month after launch.
There is nothing ethical about building a business around the core mechanic of taking in money from new affiliates and paying it out to existing affiliates, based on how much money those affiliates deposited into the scheme. Period.
Thanks Chang, I will do some research on what you said.
Oz, I won’t be a keyboard warrior with you. We’ll know the truth comes time. =)
No worries Eric. See you when you run out of new affiliate investor money…
Oz, thanks, lol… I really don’t think words will change your mind as actions speak louder, so we’ll see over time. Don’t get me wrong, I really like people being skeptical in the view that there are so much scams in this industry so I have no bad feelings towards you. However I do, feel unfairly “punished” for the bad things other people have done in this rev sharing industry. Cheers.
Perhaps, perhaps, but logically your “industry” makes no sense. It should be profit sharing, and almost all tech companies lose money in the first X years, some NEVER earn a profit before they were bought out in talent-acquisitions.
At least the vitamin and uberjuice pushers sell something for sure, and they have huge markups to power a “profit-sharing” scheme. You, on the other hand… kept mentioning business that has NO profit margin unless done on the scale of Google or Facebook or eBay, while not revealing just WHAT are your sources of revenue.
Thus logically, you don’t really have a plan, but you want to sell “shares” in your “potential profits” while pretending it’s not an investment.
You simply have NO IDEA what you’re getting into, which leads to the conclusion that you’re either a new “babe in the woods” who started something with NO consideration of the law or the actual expenses and potential involved, or you’re a slick-talking crook.
It’s easy to claim “they failed but I’ll do it right this time”, but you don’t seem to quite understand WHY they failed. I suggest you study the “industry” with someone who actually knows marketing and economics before you continue your “quest”.
Is there a “rev sharing” industry ???
Or, are you perhaps referring to the long list of productless and failed get-rich-quick schemes claiming to have revenue shared with members ??
Chang, I did went to research on the sites and also happen to stumble upon your hub pages blog?
As much as I appreciate constructive feedback, I won’t go engaging in convincing you guys through a bunch of text. Like I said, time will tell. Action speak louder than words.
The site hasn’t even launched yet so feel free to include any baseless arguments as you like. That is something that I won’t have time for, it’s much better to just focus on the site developments.
BTW, a ponzi would not restrict people from joining or putting money into it. Why would I want to restrict people from joining and even restrict them to a small amount of shares based on your claims? If you guys can explain why, I would like to know.
It’s called “pseudo compliance” and is a tactic often used by “pseudo MLMs” to convince gullible newbies of honourable intent.
Hi Eric. I am interested in your company and would like to find out more. No use trying to enlightened a “darken” crowd. Quote….(from a former First Lady) “Never let anyone make you feel inferior without your permission”
Are you related to “Luke”
Lastly..Timing is Everything. I have team ready to put in huge investment to help you going.
Sweet… Thanks for the explanation, lol.
You know, 5 years ago when I wanted to start my own company, there were friends with good intentions saying that it’s risky and all that. They advise me to just get a job, afterall I have a Business MBA, so I am looking at making 5k to 10k per month.
Of course at that time, it was hard to argue as I just started my business and at the start, it’s losing money having to pay for office rental and employees and stuff.
Now, I never regretted the decision because I truly enjoy what I am doing now. It never feels like work, I do programming everyday and I love it. And yes, the company is profitable from the second year onwards.
The following year, I started SingLeaf which is a cloud based company. Again, I have people telling me that cloud based services is monopolized by big companies like Amazon, and they said I can’t survive. The argument is that Amazon has rich billionaires backing the business, how can I possibly compete?
Well, I don’t have to, the naysayers were making the wrong assumptions. I started with a few servers and each year I just get more servers as revenues come in and the voices of those naysayers got smaller and smaller and eventually, I don’t hear from them anymore.
Today, I see exactly the same pattern of naysayers. To make a fair comparison, can you guys name me a scammer who has a business MBA and was featured on the National Newspaper and made $100k while studying his MBA and have an IQ above 130? Just 1 example will do. I hate scammers as much as you guys and I can scan a police report I made against a scammer who cheated $28k of my own money in 2008.
Unless you are capable of reading my mind, you have absolutely no idea what my business plans are. And I am pretty sure I have more intensive plans that what someone here claimed (which was described as no plans). However, understand this, I am not obliged to reveal my business plans to the public as long as I deliver results.
Now, rather than being a keyboard warrior, I am happy to have some kind of monetary agreement with any naysayers against OwnProfits. I have up to $300k that I can put into escrow with a third party law firm, and you do the same with the same law firm, and we have an agreement drawn up.
If at the end of 12 months and OwnProfits is not sustainable, then you can take all the funds escrowed with the law firm. If at the end of 12 months and OwnProfits is cash flow positive and proven to the law firm, meaning the revenue is more than enough to pay out all the expenses including shares, then I will collect the funds escrowed into the law firm.
I am obviously very serious about this agreement as this is an action and like I said, action speaks louder than words.
If you would like to see my handsome face featured on the National Newspaper, feel free to contact me and I’ll send it over. Yep, I was still a student back then and yes I made $100k total during my time as a student.
I really don’t need to run a Ponzi as I could just get a job with a Silicon Valley startup or Google. I appreciate constructive feedback but some of the comments here, I feel are just being querulous.
Bernard Madoff
It’s amazing how many times that definition comes up when discussing online “opportunities”
Bets like that won’t make much sense in business. You can be highly motivated buy the bet itself to make changes in your own favor. You will need to remove that incentive before it will make any sense. You will also need to remove your own direct control in it, i.e. posting a detailed plan that has to be followed.
It was simply a stupid suggestion. I don’t need to call you (see you) on the bet itself, I can simply call you on the fact that the suggestion was stupid. You can’t beat a card like that. The suggestion doesn’t reflect people’s ideas of what a bet really is about, e.g. the elements of uncertainty for both parties.
As a business idea, the suggested bet was absolutely ridiculous. What type of business man will like to have $300k tied up in an account for 12 months, “invested in a bet”?
Hypothetically speaking, you can immediately stop the current progress of the business project and go for the $300k reward instead, e.g. by adding a stream of income to keep it alive for 12 months. The stream of income can derive from your own pockets, and you can also reduce the number of participants down to an affordable level to “win the bet”.
That’s correct, and you haven’t added anything to clarify it either. We can of course post something about vague and secret plans, if you feel that will impress people? We’re not very impressed by it.
If it’s about business logic, you can probably add it. But other than that, people’s “When I was a student” stories will meet a more interested audience in typical student based social networks than here.
For what it’s worth I’ve put a note down to check OwnProfits in 12 months time. Personally I don’t think it will last that long if recent MLM rev-shares are anything to go by.
Perhaps it is you who is advancing baseless arguments as you have have no business other than well wishes and “hopes and dreams”. We at least, have prior examples.
Are you related to Luke? Is he your brother in Hong Kong? If so I would love to help you get it off and running.
Unlikely. Teng, while not one of the most popular surnames, is a very popular Chinese surname (probably among the top 100)
Oz, I accept your challenge. And for the rest of the naysayers with baseless assumptions, thanks for the encouragement.
Times and again, my ego has been inflated because I’ve proven the naysayers wrong and done the “impossible”. Actually, it wasn’t impossible since I’ve manage to do it, but the naysayers kept saying it’s impossible so here we go all over again! =)
How about this Oz, if at the end of 12 months, OwnProfits is cash flow positive, all you need is to provide me a funny video of you wearing a dress and if I lose the bet (as in OwnProfits is not making money), then I’ll pay you $500.
A video vs $500, sounds legit to me?
@Eric we don’t need to make bets about it or hold penis-size contests.
You mistake the issue with your business model, in that it is how the money is sourced that is relevant.
You want to claim legitimacy? Don’t fund your ROIs with affiliate money. It’s really that simple, leaving no need for showmanship style sideshow antics.
Ponzi schemes that take off last on average around two years but even still, regardless of how many months (or years) you might be able to keep Ownprofits chugging along, if you’re paying out existing affiliates with new affiliate money sooner or later it’s going to collapse.
The business model is the issue, not whether you can prove to the world your ability to attract investors on the promise of a 150% ROI.
The reason why people are misinterpreting you is because you don’t play your different roles very well. You’re not REFLECTING the image you’re trying to make people believe in.
For instance, when you tried to present yourself as “successful business man”, I immediately started to look for business logics in your ideas, but that method failed completely.
Then I tried to get you to reflect business logic voluntarily, e.g. by identifying the bet from a business perspective. You probably realized “something” was wrong in your idea, but without identifying it clearly.
Real business people simply couldn’t have accepted your bet. It would have required too much trouble convincing a Board of Directors or an accountant about the transaction in the first place, and also about the result of the bet. Real business people simply can’t treat their own or shareholders’ businesses as “personal playing fields”.
You’re a relatively poor actor. You have a few “bold statements” as your main repertoire, but you don’t have all the “substance” you need to play a convincing role, e.g. all the real insight into the roles you’re playing.
If your method has worked earlier, that’s probably related to the type of audience you had then. And don’t blame me. It was your own performance that failed here. You didn’t play your role very well.
Oz, Chang and Norway,
All you three are very intellectual. I commend you for “analyzing” everything “12-inch” deep. If Nike had done the same then it wouldn’t have succeeded. Just look at their slogan…”JUST DO IT”.
I know several guys who doesn’t ‘over-analyze’ and just jump into a “true ponzi” on purpose and within 11 months is making close to $1million “monthly”. Imagine “YOU” are that person. How would you sound now?
America went to war for oil (which is money). If the country can do it…. then stop trying to hammer people like Eric Teng and destroys his “dreams”. Even if it is a ponzi…..there truly is a sucker born every minute.
These suckers like myself also searches for this real get-rich-quick program. We all know the risk and so is the guy who made a million dollar monthly. Uh? Who is stupid now?
To Eric….
Stop wasting your time here and press forward. Dennis Rodman would not have been a celebrity if no one sticks their nose into his (you know what). It’s his world and we are just living in it. Same to you.
BTW I am a fan of your entrepreneur spirit but not necessary a fan of your business model. I have seen very very very smart people like the forward mentioned threesome purposely search for ponzi schemes and made millions. If your program is anything as successful as your predecessor “Teng” I’m willing to ride with you.
I heard a man once said….”money buys EVERYTHING, even love, except one thing…and that is POVERTY”.
I wonder if Ponzi players ever realise just how silly they sound when they spout your typical Ponzi “it’s all about the money” propaganda outside of Ponzi circles.
I don’t know what I’d say if I was making a million a month in a Ponzi scheme. I do know that I’d probably be having hard time sleeping though. And living with myself, what a nightmare.
Oh right, but it’s all about the money. As you were.
I’m not intellectual, I’m a sales man. So I make very fast decisions but will also correct them contineously when I get new information.
There’s nothing “JUST DO IT!” in big companies’ decisions. Bill Ackman read through 140,000 pages of documents before he decided to buy a company. His Herbalife attack was 6 months research, 6 months preparing the attack, building up online resource center, 3.5 hour “investor presentation”, etc. (I’ll guess you have got the idea).
“JUST DO IT!” is a slogan designed for selfdev people of a specific type, having an appeal to people who likes to make individual decisions (e.g. they feel “rewarded” by doing it). Big corporations will typically use the complete opposite methods.
JubiRev’s J. Joshua Beistle is a “JUST DO IT!” type of leader, and he failed miserably in his “recruit, recruit, RECRUIT” inspirational message. People made jokes about it for months. He probably lost half of his market value as a leader and coach in that attempt.
Lead capture pages are typically designed to attract “JUST DO IT!” types of people, the people EAGER to find the best opportunities they can find, willing to bend their own rules, eager to make decisions and to be rewarded by it, sometimes “the perfect victim of a scam”.
On this website we’re not producing decision making material, we’re only producing some of the background information for it. But you will find SOME material aimed towards decisions.
I recommended people in ZeekRewards to check their 1099 or W2 tax returns for specific errors, and also to inform the Receiver about it if they found those types of errors. It also led to a decision from the Receiver about correcting errors.
But people will normally not ask for that type of material
themselves, so I won’t produce it either. I will only produce material leading in specific directions.
The trouble is, when people are asking for decision making materials, they’re asking the wrong types of questions and provide too little information. They typically want answers reflecting their own ideas about something. Decision making doesn’t work well that way.
Here’s an example where I have delivered an answer people have asked for (“JUST DO IT!”). I also delivered the opposite viewpoint (“It’s a waste of time”). Now “Dan” has BOTH the 2 decisions he will need, but people will typically only want ONE.
realscam.com/f8/anyone-heard-motivated-today-1335/
All in all, making decisions for other people isn’t a good idea, but delivering general background information IS. We’re simply acting very rational here.
….and if numbnuts hadn’t bought into the slogan “I’d walk a mile for a camel,” twenty million people would not be dead or dying of lung cancer. Slogans are simplistic. They appeal to our desires and emotions. Here’s one for you. “Just do the right thing.”
Money won’t make you rich. It’s actually possible to be a poor man with a lot of money, and I know several of them. They simply don’t have what they really want, only the substitute for it.
That type of people have very special needs, e.g. they want OTHER people to look up to them or something. Ideas like that don’t work very well in the real world. “Being rich” clearly has to be about something else.
If you want to become rich, focus on VALUE rather than on money. VALUE is the component that eventually will generate money, more money than you invested in it. It doesn’t need to be real value, most people will accept “perceived value” just as good as the real one. But don’t over focus on value either, you will need SOME focus on the money too.
The idea is to look for “Does it generate any value?” before looking at “Does it generate any money?”. That idea should normally work better than any money oriented ideas in the long term.
As a sales man, I will typically try to generate value for the customers, the type of value that I’m able to deliver. In exchange for that, they will indirectly pay me some money (through my boss).
If I’m too focused on value, the amount of money will be reduced (due to the costs of producing value). If I’m too little focused on value, the amount of money will be reduced (due to reduced interest in the market). So it’s basically a balance between value and money, but the key factor is value.
MLM typically use the opposite idea. They want people to focus on the rewards they can earn, and pay the company money for the opportunity to earn those rewards. That will typically fail for most people, but it will work well for the organizers for a short period of time.
One month in, here’s an update sent out to affiliates:
Hur dur?
So not only he’s a Ponzi operator, he’s a philanthropic Ponzi operator?
The person who says money is the root of all evil, don’t have the money. The person who says money won’t make you rich, haven’t experience the happiness of being able to buy anything you want. The people who keeps complaining about others, has no money and is jealous of others making money.
I can see some of those faces here, while others are busy making money, some people here obviously looks jealous and tries to put others down. Haha, the jokes on them!
^^ Gotta love the “ur all just jealouz” Ponzi excuse. Straight out of Ponzi Newbies 101.
Haha, well I don’t care what they are doing, but I put in $60 and made about $2400 in 3 months, even if I pull out now, I still made $2300 worth of money. That’s really good money considering I put in less than 6 hours of work over 3 months.
On the other hand, you guys are wasting time here complaining and making a big fat zero, hahahahahahahaha. Jealous people like you always love to make “I’m not jealous, the grapes are sour” excuses, hahahahahahaha. Sour grapes people, sour grapes! hahahahaha
oh yes, you can keep on being jealous, it’s too obvious duh… i guess you never make money from it, that’s why you are mad at people who did. hahahahahaha.
i am going to be a millionaire and you’re not, you mad bro? hahahahahaha
Your lack of logical reply is so obvious since you resorted to ad hominem attacks.
Guess it’s too difficult to work with facts, that you decided to work with self-delusion instead.
When you wake up, I suggest a date with a psychiatrist.
The slogan is for you masses to buy their products, not for them to make the products.
No wonder these MLMers can’t see straight… They can’t even tell whether the arrow’s coming or going.
So, when you leave grade school, you intend to be a millionaire, huh ??
Oh dear.
Congratulations! You assume that you have increased your initial $60 investment by $2340 or 3,900% in just three months with less “than 6 hours of work.” At this rate you will be a paper millionaire 7.7 months from now.
Do you expect you will maintain this 3,900% growth rate? If so, your paper wealth will grow to more than $5.5 Billion one year from today.
Like you said, “That’s really good money.” Too good.
The truth is, you’ll be lucky if you get your $60 back.
The take away? Ponzi backoffice numbers on a screen != real money.