Wild Matrix Review: $15 a month Ponzi scheme
The matrix + useless advertising MLM business model has been around for a while now, so I’m at a bit of a loss as to why Wild Matrix refer to themselves as ‘classic (but) also innovation’.
As far as I can see there’s nothing innovative about Wild Matrix at all. Read on for a full review.
There is no information on the Wild Matrix website about who owns or runs the opportunity. The domain ‘wildmatrix.com’ however was registered on the 22nd of January 2012 and lists a ‘Tai-Yu Wang’ as the registrant, operating out of California in the US.
Wild Matrix appears to be Tai-Yu Wang’s first MLM business as far as I can tell.
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 Wild Matrix Product Line
Wild Matrix have no product or service available for purchase as a retail level. Instead upon paying membership to the site members are provided with advertising credits which they can use on an advertising network that features on the Wild Matrix website.
The Wild Matrix Compensation Plan
Wild Matrix utilises a 3×6 matrix to pay out its members. The company doesn’t specify the exact amounts per level it pays out but level 1 (3 members) pays out $3 and level 6 pays out $4.50.
These commissions are paid out monthly per member recruited into a Wild Matrix member’s matrix.
Presumably the other 4 levels of the matrix pay out between these two dollar amounts.
Joining Wild Matrix
Membership to Wild Matrix is $15 with a $15 monthly recurring membership fee.
There are a few indicators that Wild Matrix is a typical run-of-the-mill Ponzi scheme.
The company has no retailable products or services, pays out 100% of its commissions from membership fees and is entirely reliant on new members joining the system and existing members paying a monthly membership fee to keep afloat.
That and the company itself pretty much gives the game away in its FAQ:
All you have to do is signup, refer members, and start earning $$$!
No recruitment = no commissions… and that’s pretty much all you need to know about the Wild Matrix MLM opportunity.