Zhunrize Review: A $3000 e-commerce platform?
Zhunrize appears to have launched in early 2013 (incorporated in early 2012) and operates in the e-commerce MLM niche.
Heading up Zhunrize is CEO Jeff Pan (below right), who claims in his Zhunrize corporate bio to have
a total of 24 years extensive experience in the areas of international trade, capital advisory, VC and PE investing, manufacturing, sales and marketing franchise management, team building and network marketing.
Earlier in his career, he served as the General Manager of Contract Management Services, Inc., from 1993-1997, a Chesterfield-Missouri-based importing corporation. He had complete responsibility for the business performance of the company.
By significantly improving operating efficiencies and developing more markets, he led it to a multi-million dollar company.
In 2005, Mr. Pan was Chief Executive Officer of Hangzhou D & A Electronics Company Limited in China. While directed and maintained the vision of the company, he consistently promoted employee engagement and leadership development.
He also oversaw the company’s growth, managed all areas of designing, manufacturing and marketing mobile electronics.
Prior to joining Zhunrize, Inc., Jeff involved in D & A Capital Partners, LLC in 2010, a Georgia-based capital advisory firm.
In this role, his areas of focus included helping business entities in both China and USA to raise seed and growth capital.
On the MLM side of things I wasn’t able to find anything that would suggest an MLM past, so it would appear Zhunrize is Pan’s first MLM venture.
Provided on the Zhunrize website is a corporate address in the US state of Georgia.
Read on for a full review of the Zhunrize MLM business opportunity.
The Zhunrize Product Line
Zhunrize offers affiliates access to a replicated storefront, which the company has branded “ZhunCity” (“zhuncity.com”).
In a nutshell, Zhunrize provide a replicated e-commerce storefront and handle all of the backend. Affiliates buy in and are then able to “stock” their storefronts with products from third-party vendors, who then dropship products to customers as required.
Zhunrize manage the vendor side of things whilst affiliates focus on recruiting new affiliates and selling products through their storefronts.
Access to Zhunrize’s e-commerce storefront starts at $99 ($30 a month) all the way up to $3000 ($100 a month).
The Zhunrize Compensation Plan
The Zhunrize compensation plan offer affiliates recruitment commissions via a unilevel and 2×5 matrix. Profit-sharing and a Matching Bonus on recruited affiliate earnings are also available.
Product Commissions
Zhunrize pay out affiliates 50% of the commission third-parties pay them when a product or service is sold through the Zhunrize e-commerce platform.
Note that this isn’t 50% of the sale price a product or service sells for, it’s 50% of the commission paid out to Zhunrize.
Eg. If a third-party vendor pays a 2% commission to Zhunrize, the company will keep 50% of that 2% (1%) and pay the remaining 1% to the affiliate whose replicated storefront handled the sale.
Unilevel Recruitment Commissions
Zhunrize pay out affiliates on the recruitment of new affiliates using a unilevel style compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with their personally recruited affiliates placed directly under them (level 1).
If any of these level 1 affiliates recruit new affiliates of their own, they are placed on level 2 of the original affiliate’s unilevel team. If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth.
Zhunrize cap unilevel commission payouts down ten levels of recruitment, with how many levels an affiliate is paid out on determined by how many affiliates they personally recruit and how much an affiliate pays in monthly fees.
- ECR ($99 and then $30 a month) – 10% on level 1 and 5% on level 2
- Basic ($495 and then $50 a month) – 10% on level 1, 5% on level 2 and 3% on level 3
- Professional ($1500 and then $75 a month) – 15% on level 1, 5% on levels 2 and 3 and 2% on levels 4 to 6
- Premier ($3000 and then $100 a month) – 15% on level 1, 10% on level 2, 5% on level 3 and 3% on levels 4 to 10
Note that in additional to paying affiliate membership fees, recruitment qualifications are also required for the above commissions:
- commissions on levels 1 and 2 require an affiliate personally recruit at least two ECR affiliates
- commissions on levels 4 to 6 require an affiliate personally recruit at least three ECR affiliates
- commissions on levels 7 to 10 require an affiliate personally recruit at least four ECR affiliates
Matrix Recruitment Commissions
Zhunrize take monthly affiliate fees and pay them out as commissions via a 2×5 matrix.
A 2×5 matrix places an affiliate at the top of a matrix, with two positions directly under them (level 1):
These two positions then branch out into another two positions (level 2) and so on and so forth down a total of five levels.
Each position in the matrix represents a recruited Zhunrize affiliate, either by direct recruitment or the recruiting efforts of an affiliates up or downline.
Matrix commissions are paid according to how matrix positions are filled, with how much money a Zhunrize affiliate themselves pays in fees each month, along with how much recruited affiliates pay in fees, determining how much of a commission is paid out:
- ICR ($20 a month) – 40 cents per filled matrix position
- ECR ($99 and then $30 a month) – 40 cents per recruited ICR affiliate and 60 cents for a ECR or higher recruited affiliate
- Basic ($495 and then $50 a month) – 40 cents per recruited ICR affiliate, 60 cents per recruited ECR affiliate and $1 for a Basic or higher recruited affiliate
- Professional ($1500 and then $75 a month) – 40 cents per recruited ICR affiliate, 60 cents per recruited ECR affiliate, $1 per recruited Basic affiliate and $1.50 for a Professional or Premier recruited affiliate
- Premier ($3000 and then $100 a month) – 40 cents per recruited ICR affiliate, 60 cents per recruited ECR affiliate, $1 per recruited Basic affiliate, $1.50 per recruited Professional affiliate and $2.50 per recruited Premier affiliate
Daily and Monthly Profit Sharing
Zhunrize offers daily and monthly profit-sharing to affiliates who pay the most fees. The company claims both the daily and monthly profit-sharing is made up “20% of global sales”.
Zhunrize affiliates qualify for daily profit-sharing by personally generating at least 2 customers transactions through their online store in their first month of the business, and then one customer each month thereafter.
The monthly profit share requires an affiliate to personally recruit at least 10 affiliates and have a total downline of at least thirty (not 100% sure on this) within their first month. Alternatively an affiliate can also qualify by just recruiting at least 10 affiliates outside of their first month (no time limit).
Matching Bonus
A 10% Matching Bonus is offered to Zhunrize affiliates who are at the Premier membership level.
In addition to paying $3000 and $100 a month in membership fees, Premier affiliates qualify for the Matching Bonus by recruiting three Basic or higher affiliates, who have each also recruited at least three Basic or higher affiliates.
The 10% Matching Bonus is then paid out on the earnings of the twelve required recruited affiliates (3 personally recruited affiliates and three each again).
Joining Zhunrize
Affiliate membership to Zhunrize is available at five pricepoints:
- ICR – no upfront and $20 a month
- ECR – $99 upfront and $30 a month
- Basic – $495 upfront and $50 a month
- Professional – $1500 upfront and $75 a month
- Premier – $3000 upfront and $100 a month
Conclusion
If one were to take Zhunrize’s sales pitch seriously, one could easily be forgiven for thinking e-commerce and online shopping was an entirely new concept:
Let’s face it… shopping can be a chore.
Finding a parking spot, finding a shopping cart that doesn’t squeak, trying to compare prices, waiting in the checkout line,
unloading your car at home… There has to be a better way!
Zhunrize is the new way of shopping.
Just by shopping online, you can have everything you need delivered right to your door. It’s easy and can save you time and money.
No more wandering around stores or spending additional money on gas to get you there. Simply point, click and make your purchases in minutes, not hours.
Wait, hold up. I can use this internet thing to buy stuff? Hold the phone grandma I just done pooped me a mountain.
WE’RE ALL GUNNA BE RICH!
I really don’t know who the above sales pitch is aimed at (taken directly from the Zhunrize website), but evidently Zhunrize believe nobody has heard of online shopping.
So much so that in their company “vision”, Zhunrize claim they ‘will advance the global online shopping revolution‘.
Uh yeah, sure thing guys.
Comedic visions aside, on the surface there’s inherently nothing wrong with Zhunrize operating an e-commerce platform they populate with third-party products and services.
When one considers the MLM business model Zhunrize have attached to their platform however, an abundance of red flags emerge.
For starters here’s how Zhunrize market their e-commerce platform:
Zhunrize has created this standardized online shopping portal which is called the Online Savings Store (OSS).
By “standardized”, Zhunrize mean to say they’ve just grabbed a free copy of the Drupal content management system, whacked in some e-commerce plugins and a theme and now pretend they “created” something themselves.
At the end of the day Zhunrize are charging up to $100 a month in “hosting fees”, for access to a third-party content management system that is both open-source and free.
Come on guys…
And while we’re talking about this “hosting fee”, that in itself is a red flag. At the ICR level Zhunrize charge a $19 a month “hosting fee”, yet do not provide ICR affiliates with access to the Drupal powered e-commerce platform.
So uh, what exactly are ICR affiliates paying hosting for?
The ICR level perfectly illustrates the e-commerce façade Zhunrize hide behind, as ICR affiliates cannot sell anything through the e-commerce platform as Zhunrize do not provide them access to it.
What can ICR affiliates do?
Recruit other Zhunrize affiliates and get paid for it. Infact that’s all they can do.
The only tangible difference between the ICR entry-level and the rest of Zhunrize’s affiliate options, is that affiliates pay more to earn more.
The only qualifiers in the Zhunrize compensation plan are recruitment and affiliate membership fee based (pay more, earn more), dragging the opportunity squarely into “pay to play” territory.
The recruitment commissions will easily dwarf retail activity across the e-commerce platform due to the inefficient nature of replicated storefronts.
Despite the mention of Amazon and Taobao (a major Chinese e-commerce portal) by CEO Jeff Pan in a Zhunrize marketing video, it’s laughable to suggest that a bunch of replicated affiliate storefronts will ever compete.
Pyramid scheme issued aside, the profit-sharing is also a potential red flag as I haven’t been able to identify whether “20% of global sales” includes affiliate fees or not.
The Zhunrize compensation plan is not provided on the company website, so I had to rely on affiliate presentations to put together this review (which were in turn based on an official Zhunrize compensation plan presentation).
This presentation is (deliberately) vague on specifying whether or not affiliate fees are paid out via the daily and monthly profit-sharing pools.
What is clarified though is that qualification is a mixture of recruitment and buying in at the highest affiliate level, Premier at $3000. That alone suggests that the pools most likely contain affiliate fees.
Seeing as, for reasons only known to themselves, Zhunrize hide their compensation plan from the general public,
To learn more about our compensation plan details, please join us on the next upcoming webinar.
You can obtain the invitation-only webinar link from one of our E-commerce Business Owners (EBO).
if any Zhunrize affiliates reading this feel free to clarify this point.
If the profit-sharing includes affiliate membership fees, then in addition to running a recruitment driven scheme, Zhunrize are also selling $3000 unregistered securities to their affiliates by way of Premier affiliate membership.
You buy in, recruit affiliates who also buy in and once a specified quota has been reached, you start to earn a daily and monthly ROI paid out of affiliate fees.
If Zhunrize’s profit share is based solely on product sales sold through the e-commerce platform, this I have no issue with but the recruitment commission red flags evident in the rest of the compensation plan remain.
As it stands I can join Zhunrize, totally ignore e-commerce and just focus on the recruitment of new affiliates. This will earn me commissions entirely paid out of these recruited affiliate’s membership fees, with how much I myself pay in fees dictating how much I earn per recruited affiliate.
At its most basic level this is unmistakably a recruitment driven pyramid scheme in and of itself, regardless of what else is attached to it (a potentially Ponzi’esque profit-sharing scheme and an open-source e-commerce platform).
Like I said at the beginning of this conclusion, even if it is powered by Drupal, there’s nothing fundamentally wrong with building an e-commerce platform and charging for access to it. Pay out 50% of what third-party vendors pay you? Again, nothing wrong with that either.
It’s the way in which Zhunrize pay out commissions to their affiliates which drags this opportunity into murky pyramid and potential Ponzi scheme territory.
Within the company themselves there’s no retail, as Zhunrize themselves only sell affiliate membership fees.
Put all of it together and, as an MLM business opportunity, Zhunrize leaves a lot to be desired.
It’s Lucrazon, except even LESS legal-sounding, but easier to get into. *sigh*
Just look at how lucrative it is to recruit, vs. how lucrative it is to sell stuff.
Sell stuff… take half of the COMMISSION paid… which would be 1% or so? 5% if you’re lucky?
Vs. just recruit and get paid.
No comparison. It’s MUCH more lucrative to go recruit-crazy rather than finding customers to buy stuff.
Remember Skybiz? This is yet another attempt to resurrect that rotten corpse.
What a mishmash patchwork of scam.
Here are some FACTs:
I am an ICR joining Zhunrize July this year, paying monthly $20 to access the back office, support and use an unique marketing system with built-in 1 click email marketing campaigns, lead generation and lead tracking and management to help me share info about the income opportunity as well as the product specials.
This marketing system alone will cost more than $100/mo to use in the market place and I pay $20/mo to use it. To me that is value for what I paid.
As far as the 1% sales commission, I don’t know where he comes up with HIS own assumption. I got paid $360 for selling 2 wireless home security products with Protect America 2 months ago using the above mentioned marketing system(after I paid $20/mo).
By the way, as an ICR, I can also sell Direct TV, Dish, electricity and gas, skincare products and celleur phones and get paid hundreds of even thousands dollars for customer acquisitions without owning my own turnkey ecommerce store with Zhunrize.
The company is planning to roll out a few more value added product lines for an ICR or any other ecommerce store owners to sell, such as coffee, nutritional Lines and its own wireless product lines.
With Zhunrize, I don’t get paid for recruiting, I get paid for selling product, services or marketing systems. I suggest before you attack others, please do your own research and comment with no bias.
Sure they do chief. There is nothing “unique” about Drupal.
Mhmmm. Does it come with a free set of steak knives?
Unless Zhunrize sell “Protect America”, then what does what you earnt through them have to do with the price of fish in China?
So uh, exactly how are you going to sell this stuff without the e-commerce platform?
Y’huh. I suppose they’re “planning” to stop affiliates investing $3000 too, y’know – once they’ve got everyone’s money.
Recruiting affiliates who buy into the system. You can’t cherry pick the comp plan chief. As silly as the notion of selling products without the hyped e-commerce platform is, even if you do do that it doesn’t negate the recruitment commissions Zhunrize will pay you.
If there was even a hint of legitimacy to Zhunrize, they wouldn’t be charging affiliates $3000 for Drupal with some plugins.
Guess who else sells DirectTV?
FHTM, closed pyramid scheme.
They sell a lot of other crap too.
“Drupal” is not unique, but the marketing system itself is unique. If you would spend money to use the same marketing system with same functionality, you would have to pay over $100/mo. Go try infusionsoft, instantcontact and salesforce.com and see how much it cost you to use their marketing system that has similar functions.
The answer here is that I did get paid $360 from Zhunrize for selling “Product America” wireless security system, go figure.
As an ECR, I don’t need the eCommerce Platform to sell some of the listed products. All I need to do is to call the company support line and they will help me place orders once I have the customer info ready or have the customer on the phone with me when I call to place a sell order.
“Y’huh. I suppose they’re “planning” to stop affiliates investing $3000 too, y’know – once they’ve got everyone’s money”.
Do you really know what a premier store owner pays $3000 for? You probably DON’T. So you are really misleading readers here.
Here is why a Zhuncity Premier store owner is willing to pay a onetime $3000 to have his or her Zhuncity store. The Zhuncity store is a true TURNKEY online shopping store with Zhunrize providing product sourcing, vendor relationship, customer services, shipping and billing, merchant credit card processing, real time daily product inventory update, store merchandising, product special marketing campaigns, web design, web hosting, refund and billing, online marketing system that a store owner can make $50 or $100 a day without recruiting by selling hot deal products on the internet part time.
So far the company has loaded into its Zhuncity turnkey store with over 700,000 everyday household products and services with name brands such as Samsung, Plantronics, Apple, Jean Patou, Calvin Klein, Paco Rabanne, Dell, ASUS, HP, Audiovox, HTC, Vizio, Brothers, Panasonics, Sony, Huggies, Verizon, T Mobile, Sprint, Metro PCS, Simple Mobile, Delta Airlines, Marriot International, Hyatt, Holiday Inn, Protect America, etc.
The new store owner doesn’t have to spend the time and money to negotiate contracts with all those suppliers. With a Zhuncity store, some store owners can make hundreds of even thousands of dollars a month selling hot deals on the internet without recruiting.
Accuse me all you want that the value of a Zhuncity store is not worth over the $3000.
Oh, forget to tell you that there are many money scams nowadays out there that charge their reps for thousands of dollars without providing real value for the money their rep pays, other than giving them a “ponzi comp plan”.
Sure it is. Ponzi schemes don’t invent never seen before marketing systems, they don’t have the money to invest in them (beyond creating the façade affiliates such as yourself push).
And you just blew apart your own claim by citing “similar” marketing systems. Zhunrize whacked something together on a free open-source platform and charge people up to $3000 for it. Cmon now.
You got $360 from “Product America”, not Zhunrize. Selling third-party products and services is external to an MLM business opportunity.
In this particular case it’s yet another layer to the Ponzi façade.
A >100% ROI and qualification to recruit new investors and earn referral commissions.
That’s it, pure and simple.
A bunch of affiliates selling the same products on replicated storefronts isn’t profitable. Just another layer in the Ponzi façade.
Let’s face it, nobody is paying Zhunrize $3000 without the Ponzi ROI and referral commissions.
Providing real value to your affiliate investors does not negate the running of a Ponzi scheme. In MLM, you need to be providing real value to retail customers on products and services you sell (not third-party), and this needs to be the core of your business (not having affiliates drop down $3000 a pop investments).
If the only differentiation you make between a Ponzi scheme and Zhunrize is “real value” to affiliates, it’s still just a Ponzi scheme.
They do also pay for the right to earn higher recruitment commissions. You forgot to mention that?
It’s also NECESSARY to buy the higher level membership to get the right to earn commissions from selling it, as far as I could see?
How much do YOU sell for in an average month? You mentioned “hundreds or even thousands of dollars a month, without recruiting”.
Please provide some factual information about it, either your own results or some official results for the average ZhunCity stores. Sales people should normally know details like that, e.g. in case someone is asking about details.
But sales people will never use hypothetical numbers and vague statements like you did, if they can avoid it.
* “Some store owners” is rather vague.
* “CAN make” is rather vague.
* “Hundreds or even thousands of dollars a month” is vague.
All those vague statements reflects that you don’t use the retail income as a main sales argument. If the retail income had been significant, you would probably have used real numbers rather than hypothetical ones.
$3000 ?? There are other companies that offer the turnkey e-commerece platform for $129. EXCEPT they have 60 Million products and services that are price comparable. (3 times the number Amazon has) Cashback, Hotdeals, egifts, gift registries etc etc..
They also, actually show up on search engines when searching for products and 20+ million unique visitors a month. They also have direct relationships with a couple thousand major retailers, Factory direct relationships and pricing for office supplies, electronics and Consumer packaged goods.
I have been in e-commerece for quite a few years and I can GUARANTEE that aside from a very small handful of people that have been given a Zunrise website to look at, the ONLY people that are using those sites are the reps. Having less than a million products on it that cant compare prices is absolutely useless.
I’ve searched thousands of products and NEVER have I seen a product show up on a Zunrise site. I even put Zunrise in the search along with a product description and it STILL doesnt show up.
Its utterly ridiculous that someone would pay $3000 for some cheap knockoff of the real deal that started 22 years ago and play it off like its a novel idea.
There are hundreds of MLM’s using shopping sites now. Their functionality is very poor so they are in place as more of a conversation starter. Thats fine as long as you actually have a product or product lines that can carry the load. Profit margins on 3rd party and affiliate products are way to slim to build a viable company with.
Zunrise is 98% internal consumption. Any word to the contrary is complete BS or ignorance.
so what you are saying is that 2% are the only customers of zhunrize? I think this comment is to vague and deceiving.
lets give them the benefit that they are just starting, its like saying Amway is 98% internal consumption oh wait AVON must be 98% internal consumption too.. I’m just saying.
Why, does a leopard changes its spots when it grows older?
Amway and Avon have retail-able products with a retail profit margin attached. you can earn an income them without having a sales team. It wont be much of one but you can do it. Avon does a ton of external sales, Amway is more of a buying club with mostly internal consumption. There is difference between a selling system and a buying system.
Could Zunrize bring on products they can call their own, that are actually sell able for a profit? Sure they could. They NEED to if they want to stay in business. My point is why would someone settle for a cheap knockoff of proven companies that costs 10 times more to get started? Innovation wins the race NOT imitation.
The Myth of being “first one in” to a network marketing gig is the ONLY appeal here. If, in fact, the “first one in” mentality actually had some merit, the Sad FACT is that they are actually the LAST ones in because there are companies that have been doing this and perfecting it for 20+ years.
Its just a VERY poor business decision to work with a company that is setup like Zunrize is compared to what is already established. A ‘Zunrize Rep’ is overlooking or giving up quite a bit for the lottery mentality. 3rd party products, affiliates and services does not cut it. Never has and never will. ACN and utility Warehouse are the only ones I know that have lasted BUT thier average incomes, retention and success rates absolutely SUCK.. Does the name FHTM ring a bell? Hell, they even had some of their own products and STILL died a horrible death. Why would anyone want to copy those aspects right out of the gate?
I would be willing to give them a chance if they copied the right things instead of the things that are proven to end in disaster. The fact is though they didnt have the discipline to start of on the right foot. They were not willing to make the sacrafices upfront to do it right. Its called greed, lack of ethics, lack of business experience or they just dont care. They have not bothered to establish a backbone prior to going into business or simply dont know what one is. Either way they have already set the tone and it will take a complete re-structuring of the business model if they intend to get anywhere at all. They simply cant compete with the companies that have done this ‘e-commerce thing’ right and have Billions of dollars in buying power.
Why would someone turn down a well paying Directors position in the NASA space program and actually have input on the direction of the program, for a chance to 1st one into the 3rd grade model rocket club is beyond me. It makes absolutely no sense. Perhaps I am missing something. All I have seen this crap accomplish is to make the jobs of the professionals that much harder by perpetuating, duplicating and exacerbating MLM flaws.
The success rates in Network marketing are much higher than what the common, average opinion of it is. ONE of the reason’s people perceive it to be so low, is a direct result of all these irresponsible companies, that want to slap some half assed marketing system or product together for the hit and run.
Ill give any company a chance. I DID give Zunrise a chance, they blew it already in dramatic fashion.
So based on what have been posted here, can people actually compare Zhunrize to Amway and Avon? Have people ever heard of something call Market America/ Shop.com. So much can be provide through MA/ Shop.com over this rediculous new marketing business.
No.
Perhaps, but neither of those companies are comparable to the Zhunrize Ponzi scheme either.
If you have not heard of shop.com, the innovation of this business actually have a better concept, plus they do have better chance of getting money and broader opportunity of earning back than Zhunrize.
Zhunrize still have yet to release real personal information about the company itself. Even though they went through BBB, but to really think about it. The CEO of this company BELIEVE that his company will exceed others? Like for real, he claimed to not know or heard of MLM and this is his first time opening an MLM?
I’m not saying this company have a bad concept or it compensation plan is bad, just more information need to be release for public education and not have to go to seminar to get more info. Sorry for run-on and other grammatical error– in a rush.
Dear friend !!! Hope you guys doing well !!!!
Anyone remember Gofunrewards came out after Zeekrewards has been die??? Zhunrize was the same Gofunrewards !!!!
Think twice ?????
sec.gov/Archives/edgar/data/1557964/0001557964-12-000002-index.htm
bbb.org/atlanta/business-reviews/internet-selling-services/zhunrize-in-atlanta-ga-27492115
both cleared by SEC and BBB so iono whoever is posting neg stuff. im making 10k a month now from it. this should shut all the negative people up. SEC cleared unlike wcm777
Are you kidding me? “Cleared by the SEC” my arse.
Zhunrize affiliates having to go around lying to people, we can add that to the long list of red Ponzi flags inherent in the scheme.
If anyone’s following the TelexFree shutdown and wondering why there’s little to no sympathy, it’s because of comments like that above.
The company is incorporated / registered?
I don’t think anyone have questioned that. It means that the company’s shares can be publicly traded through a stock exchange / OTC (Over The Counter). It doesn’t mean anything more than that.
I was strongly tempted to join zhunrize, because of the benefit they offer, and I believe it’s easier to recruit to anybody comparing with all other MLM business, but at the same time it reminded me about zeekrewards.
When at that time I was so enthusiastic and passion to recruit into my community and finally it was shut down by government after so many people became the victims included myself, family and friends.
Is there anyone out there can assure or guarantee me that this is not the ponzi scheme?? I just feel sorry to people, when it soon or later will be shut down by government again and again, and all the money you make right now will be forced to be returned to the appointed government attorney!!
Go click at zeekrewardsreceivership.com you can see all the names of the “netwinners above $1000” who hasn’t returned the money include……!!.
I don’t mean to influence anybody here, but if this is really the ponzi scheme, please let the government know before too many people become victims, because they are very aggressive now to all community likes Korean, Chinese, Spanish and others.
And if this is really genuine excellent online marketing business, I really want to join after getting clearance from government.
Imagine your ROI every month over 3-5% !! from your investment just by order 1-2 pcs the cheapest stuff from zhuncity, and every time you recruit, you get 15% from the package. It means $450 instantly you make when some body order the $3000 package ! isn’t it cool, right?!
Most Zhunrize affiliates are probably willing to do that, if you tell them you’re interested in joining it. 🙂
For me it looks more like a pyramid scheme (recruitment driven). The profit sharing could have been a Ponzi component, but I don’t think it is.
Pyramid schemes are about “pay for the OPPORTUNITY to make a profit from people you recruit directly or indirectly”. They will eventually run out of PEOPLE.
Ponzi schemes are typically about the illusion of “everyone can make money, you don’t need to recruit anyone or sell anything”.
Ponzi schemes will typically have REINVESTMENT options (“compounding”), where people can buy additional “bids”, “units”, “VIP points”, “JubiBuck$” or whatever they can invest in. I didn’t find anything like that.
After reading through all of these, I felt so stupid because I almost joined this company. I was going to commit with almost $20,000 for the increased maximization. I’m glad now I did not.
It is just not my style making money out of people who were hyped, tricked and lied on. I really felt I was lied on today when I asked questions after a presentation. People never learned.
MLM started a long time ago and based on the history of it, only the top 5% make it through the top temporarily before the company folded or being forced to shutdown by the government. Scary thing is after you made and spend all that money sooner or later you will find yourself in deep shit. You will somehow pay it back.
For all you people claimed to be successful or who made success on the infancy of this company, aren’t you feeling guilty knowing where that real money is coming from? Maybe someone sold their car, refi their house, hold off on the medical expenses, hold off on that wedding plan, withdraw their retirement account just to hope for that 20% return. Maybe desperate people find desperate ways to come up with that money.
I learned my lesson a long time ago and I will never be hyped again. Never again MLM, Pyramid schemes and Ponzi schemes. Rest assure you will pay dearly at the end.
Apparently, money is the goal, the means, to the Ponzi pimps, are irrelevant.
K. Chang: I don’t feel the guilt but sadness that there are a lot of people who are so desperate trying to make money then these Ponzi pimps that you have just mentioned are just there eating them alive, the predators.
Just as the story says, give your $20,000 and you are REQUIRED to scheme 3 others before you start getting that 20% out of your initial contribution so on and so forth until nobody is left. Then you are it.
I feel sad to those who did and have not recruited to join and promised by their recruiter who schemed them that they will be behind to help them. I can’t believe there are so many idiots wanted to get rich quick not knowing what will happen at the end. If you are not a good schemer then you just lost that money.
I wonder how many of these people that are on the top now laughing and drinking their expensive wine inside their yacht paid by the Ponzi victims? I wonder if I call Ebay and Amazon management just to ask why Zhunrize products are way too cheap. Ahh never mind, I know their response would be and not even to worry about it.
It is that people soon will find out what they’ve got. The CHEAP ones and not the ORIGINAL ones. Made in China? Most knock offs are coming from China last time I heard. Unless they are buying services or subscribed into it, like services that company’s that are based in USA then you will get a small percentage of it after the Zhunrize, Inc get the bigger chunk of the commission.
Let alone they (Zhunrize Reps) are continually paying their $100 a month per web hosting fee of which where they get a little chunk of it too.
Later when they can not scheme others then they are stuck paying dearly until they quit and lost all that money. Well they (the ones who already made abundant of money) will say the same thing. They don’t care they have lost their friends and relatives thereafter as long as they got their money back and made some from them.
Like I said you need to be as good schemer as the person who schemed you before you become a successful schemer and so you will have success in this business. Well at least I’m glad that majority of the people out there are not stupid enough to be schemed at.
If you already did commit and have not made it to the top like they hyped you in the beginning, just accept the loss and report your loss to the IRS like they said you can of which time they (IRS) will soon come to you to be investigated on your claim and even IRS I believe will tell you “sorry” but you just got schemed. Then they will probably let you know that they have no jurisdiction to persecute the schemers who schemed you.
At least you have a company to blame on just in case. Like Zhunrize says you can claim everything as business expense, business losses and gains, whatever it may be, just do it right and hope that IRS will recognize it as whatever you claim as is.
Again consider that these are just all my own opinion. So if you are one of the schemers, please don’t be mad. If you are undecided just be aware. Good luck people and since you have the right to make your own choice. Capish!
I was just at a presentation on sunday and the reps were showing these large balances over 40 grand from just 4 months of work.
I was told if I dont pay the 3 grand asap it will cost a lot more in the future. The said I should cash out my savings account because it’s not growing.
@mark
And how do you think they got their large balance?
Convincing suckers to invest at presentations like the one you attended.
The presenter encouraged me to cash out my retirement because zhunrize has a better return. What bothered me most about that is that even if true I thought messing with a retirement plan these days is dangerous.
Yeah but they don’t care… they just want your money.
Then you have to start pressuring other people to “cash out their retirement” or you don’t get paid…
I appreciate your comments and advice. They also said “this train will leave the station without you”. I guess I wont be getting on.
My friend is ecstatic over the 600 he has in his cash bucket but he has paid 3000 plus the 100 monthly fee. When I told him that does not mean he has made a profit he Accused me of not being a risk taker! Good grief my friendships are at risk over this damn company.
WGI World Games Inc (Gregory James Kennedy) had some similar ideas, e.g. “Invest some money in your grandchildren’s names, and they can use the profit to pay for an education”, “Invest some money for your own retirement”.
It’s generally better if they can trick people to use money they shouldn’t have used, e.g. if they can trick people to steal from their own retirement funds rather than using capital meant for risky investments.
“Risk capital” usually means that people have MORE money to put in, e.g. in a lawsuit. You will be less eager to steal more money from your own retirement fund and use it for a lawsuit, you will be more willing to wait and hope, more willing to accept “Confidence is high that everyone will get paid before Christmas” when the company has payment problems right before a collapse.
“Risk capital” means that people KNOW it’s risky, and they won’t be that easy to trick. You will most likely try to withdraw your principal investment relatively early.
I’ve been reading this, because I heard about it yesterday. Thanks for the good information, but there are other things that make me suspicious.
The other top people, Todd Spencer and Will Berger, co-founded Vodaplex, which is an MLM for cell phone sales. Vodaplex also has the same business address (Same Suite #) and offers online shopping through different providers.
This is an ecommerce site, but I haven’t heard about a service uptime agreement. If their site is down you can’t make money. Then there is the ineffective search engine. Big e-commerce firms have incredible internal search engines. This site missed most of the searches I tried on the first attempt.
Finally, I did some browsing and found strange things like a pair of leather work gloves for $104. That’s a real discount somewhere – I guess.
I would like to see lots of people making money just through online shopping. None of the information I’ve heard tells you how much money you will make on a $100 purchase through your site. Even if there is a range, tell me the range.
You all are entitled to your own opinions, you can believe in whatever you believe. It’s always up to your decisions to get encouraged nor discouraged by what other people think, because that is your mindset.
However, if Zhunrize is Ponzi scheme it will be my fault to join them, so far I already got back my ROI of $3000.00 in cash, but I will continue to do business with them because I know that I can make money on the $3000.00 that has remained in my bucket even though I already took it out.
There will be people like you who will post negative or better yet positive notes and I oouldn’t agree more. You can probably help people make their own decisions with “gofunrewards” and “zeekrewards” whatever these are.
I do not put pressure on people when I share Zhunrize, because I DO NOT want them to blame me for their decisions in signing up. Also, so far the people I shared this with are also HAPP Y because after they got their ROI, they will continue to be a member.
Anwyay, I thank you very much for your wonderful thoughts and I WISH YOU ALL THE SUCCESS IN YOUR OWN WAYS…….
Every dollar you and your cronies withdraw, is a dollar somebody else lost.
For shame.
Little to no retail to external customers, that’s an illegal pyramid. Case closed.
I joined Zhunrize on 11/26/2013….. the presentation was awesome…. They shared how much I would be able to make selling on ebay, all these awesome big box vendors were going to be apart of our platforms…
My husband says I am very naive…and he is very concerned. My friends tease me too but I believe they will deliver what they promised… if not I will be asking Jeff and Todd why…
Have a great Zhunrize day….
Guess she ain’t having much of a day now, eh?
Oh to be a fly on the wall for that phonecall…