10in20back Review: $10 in, $20 out?
There is no information on the 10in20back website indicating who owns or runs the business.
The 10in20back website domain (“10in20back.com”) was registered on the 8th of December 2014, 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 10in20back Product Line
10in20back has no retailable products or services, with affiliates only able to market 10in20back affiliate membership itself.
Once signed up, 10in20back affiliates can purchase positions in the company’s compensation plan.
Bundled with each of these positions are a series of advertising credits, which can be used to display advertising on the 10in20back website.
The 10in20back Compensation Plan
The 10in20back compensation plan sees affiliates invest $10 on the promise of a $20 ROI.
This is tracked via a straight-line queue system, which requires 5 people to invest $10 in order for the position at the top of the queue to be paid $20.
Once this happens, all the positions in the queue move up a line and the process repeats itself.
A referral commission of 15% is paid on position purchases made by any personally recruited affiliates.
Affiliate membership with 10in20back is free, however affiliates must purchase at least one $10 position if they wish to participate in the company’s compensation plan.
As such, the defacto cost of 10in20back affiliate membership is $10.
The purchase of any additional initial positions will add on to this amount ($10 per position purchased).
Every so often we get a company that drops the pseudo-compliance facade, advertising instead exactly what they are all about.
As the name suggests, 10in20back is a simple $10 a position Ponzi scheme that promises a 200% ROI.
With nothing being marketed or sold to retail customers, 10in20back simply shuffle newly invested funds to pay off existing investors – a fact they openly disclose in their FAQ:
10in20back is a straight line revenue sharing system, a 5×1 next in line system if you will. For each ad package that is sold, 5 people get paid until their share expires at 200% which is $20.
There is no referring needed to get paid here, this is a totally passive program. Every time a member purchases an ad pack, 5 people get paid!
The last line is deceptive, as being a queue-based system only the position at the top of the queue will actually cycle out any given time.
As with all Ponzi schemes, once new affiliate investment drys up so too will the ROIs paid out.
Being a straight-line queue model, this will manifest itself by way of the queue stalling.
At that point 10in20back will have effectively collapsed, with anyone still having funds trapped in the system losing out.