BizKniz Review: Adcredit pyramid scheme
BizKniz provides no information on its website about who owns or runs the business.
BizKniz’s website domain (“bizkniz.com”) was first registered in 2013. The domain registration was last updated in July 2018.
BizKniz’s website domain registration is private and provides no information on its owner.
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.
BizKniz has no retailable products or services, with affiliates only able to market BizKniz affiliate membership itself.
BizKniz affiliate membership provides access to advertising credits, which can be used to display advertising to other BizKniz affiliates.
The BizKniz Compensation Plan
BizKniz affiliates pay $3.99 for AdPacks.
This payment qualifies them to earn a 30% direct commission on AdPacks purchased by personally recruited affiliates.
Free BizKniz affiliates who don’t purchase an AdPack receive a 10% direct commission.
BizKniz pays residual commissions on AdPack purchases via a 3×12 matrix.
A 3×12 matrix places a BizKniz affiliate at the top of a matrix, with three positions directly under them (level 1):
These three positions form the first level of the matrix. The second level of the matrix is generated by splitting these first three positions into another three positions each (9 positions).
Levels three to twelve of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.
Positions in the matrix are filled via direct and indirect recruitment of BizKniz affiliates.
Residual commissions are paid on AdPack purchases by recruited affiliates placed into the matrix.
- AdPack purchases on level 1 = 40 cents
- AdPack purchases on levels 2 to 12 = 20 cents
BizKniz affiliate membership is free, however free affiliates don’t participate in the attached MLM opportunity.
Participation in the attached MLM opportunity requires a BizKniz affiliate to continuously purchase $3.99 AdPacks.
- purchase one AdPack and qualify for MLM commissions for one month
- purchase three AdPacks and qualify for MLM commissions for three months
- purchase five AdPacks and qualify for MLM commissions for six months
- purchase nine AdPacks and qualify for MLM commissions for twelve months
BizKniz is a simple enough pyramid scheme.
You sign up, pay a fee and get paid to recruit others who do the same.
The attached advertising is neither here nor there, as AdPacks are just a cover for membership fees.
Getting paid to recruit new affiliates in MLM is the hallmark of a pyramid scheme.
As with all pyramid scheme, once recruitment of new affiliate dries up BizKniz will collapse.
Can I get a refund?
We have a No Refund Policy.
The math behind pyramid schemes guarantees that when they collapse, the majority of participants lose money.