SuperProfitShare Review: $10 ad based Ponzi scheme
There is no information on the SuperProfitShare website indicating who owns or runs the business.
The company domain (superprofitshare.com) was registered on the 17th September 2012, however the domain registration 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 SuperProfitShare Product Line
There are no retailable products or services within the SuperProfitShare MLM income opportunity.
Instead, affiliates join the company for free and then purchase “positions” in the company’s compensation plan.
Bundled with each position are a series of advertising credits which can then be used to display advertising on an inhouse network featured on the SuperProfitShare website.
The SuperProfitShare Compensation Plan
SuperProfitShare members join the company for free and then purchase positions in the company’s compensation plan.
Each of these positions costs $10, with the company guaranteeing a 2% daily ROI over 120 days (240% total ROI).
Referral commissions are also offered on the investments made by recruited members. Affiliates earn 6% on any invested amount by members they personally refer (level 1), 3% on any invested amounts made by affiliates their level 1 refer (level 2) and 1% on level 3.
Membership to SuperProfitShare is free, however members must make an investment of at least $10 and participate in the investment scheme if they wish to withdraw anything (including referral commissions).
SuperProfitShare claim they are ‘not an investment company or high yield investment program (HYIP)‘ despite offering a guaranteed ROI over 120 days, or to use the company’s own words:
(a) 240% total return for each package.
The simple fact of the matter is that product purchases do not pay out investment returns, only investments do and thus with the admission that members are purchasing “positions” in the compensation plan, effectively all we’ve got here is a member funded Ponzi scheme.
Members join, invest in the company and that money is used to pay off liabilities owed to existing investors.
This is further evidenced in SuperProfitShare’s refund police, which states:
You buy advertising packages and are delivered instantly for use. So all sales are final. No refunds for any reason.
Logically, if members were indeed buying advertising credits, should they not use them they’d be entitled to a refund. With investments being made however and that money shuffled into the Ponzi scheme among existing members, that is obviously not possible.
Once new investment stops SuperProfitShare will grind to a halt. And with a 2% a day guaranteed liability this is most likely going to happen sooner rather than later.