BestCycler Review: $5 into $1920 Ponzi matrix cycler
There is no information on the BestCycler website indicating who owns or runs the business.
The BestCycler website domain (“bestcycler.com”) was registered on the 25th of September 2015, however the domain registration is set to private.
Further research reveals BestCycler affiliates naming “Ivana Vasiljevic” as admin of the company, however I was unable to independently verify this information.
As always, if an 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 BestCycler Product Line
BestCycler has no retailable products or services, with affiliates only able to market BestCycler affiliate membership itself.
Once signed up, BestCylcer affiliates are able to purchase positions in the company’s compensation plan.
Bundled with each position purchase are a series of advertising credits, which can be used to display advertising on the BestCycler website.
The BestCycler Compensation Plan
The BestCycler compensation plan sees affiliates purchase $5 in a series of 5×1 matrices.
Referred to as a “cycler”, a 5×1 matrix requires five positions to be filled before a commission is paid out.
All in all there are seven tiers to BestCycler’s matrix cycler, with commissions paid out as follows:
- Phase 1 (positions cost $5) – pays out $10 and creates a new position in Phase 2
- Phase 2 – pays out $20 and creates a new position in Phase 3
- Phase 3 – pays out $40 and creates a new position in Phase 4
- Phase 4 – pays out $80 and creates a new position in Phase 5
- Phase 5 – pays out $160 and creates a new position in Phase 6
- Phase 6 – pays out $320 and creates a new position in Phase 7
- Phase 7 – pays out $1280
The following matching bonuses are also paid out when personally recruited affiliates cycle out of any of the above cycler phases:
- Phase 1 – $5
- Phase 2 – $10
- Phase 3 – $20
- Phase 4 – $40
- Phase 5 – $80
- Phase 6 – $160
- Phase 7 – $320
Affiliate membership with BestCycler is free, however free affiliates are only able to earn matching bonuses
Full participation in the BestCycler compensation plan requires the purchase of at least one $5 matrix cycler position.
Ignoring the incorrect cost of a Phase 1 position purchase, here’s how BestCycler describe participation in their income opportunity:
All members start from same position level 1 cost $10 .. From there its up to us.
Everything you need to do is to invest and keep spreading good words about this amazing project, and nothing else anymore.
With nothing marketing to or sold to retail customers, 100% of the commissions paid out by BestCycler are sourced from affiliates.
With commissions paid out based on how much is invested and the recruitment of new affiliates and their investments, BestCycler qualifies as a Ponzi scheme.
The basic math behind the scheme sees $5 invested on the promise of an eventual $1920 ROI.
Matching bonuses increase this raw liability to $3175, which requires six hundred and thirty-five $5 investments.
The reality is this number is actually far higher, due to the non-linear nature of how cycler matrices fill.
As with all such schemes, once recruitment of new affiliates dies down so too will new position purchases.
This will result in the matrix phases stalling, with BestCycler eventually collapsing.
At that point anyone who hasn’t cycled out of at least the first matrix loses out, with those who joined earlier walking away with the majority of invested funds.