DuePoint Review: Financial insurance & eCommerce subscriptions
DuePoint operate in the financial services MLM niche and are based out of Gauteng, South Africa.
DuePoint list five “team members” on their website, however their specific roles within the company are no defined.
Brendan Benfield, Timothy Renolds, Rob Van Der Bijl, Stacey Paul and Jayne Verity are credited with backgrounds in finance and tech.
Jayne Verity is the DuePoint team member credited with MLM experience;
Having developed direct marketing teams both in the UK and in South Africa, she adds extensive knowledge and experience to DuePoint.
Perusal of Verity’s Twitter profile reveals marketing material for The Worlds Biggest Buying Club (2011, now defunct). Other than attendance at a DSA South Africa event in 2015, I was unable to confirm Verity’s MLM credentials.
Read on for a full review of the DuePoint MLM opportunity.
On their website DuePoint claim to be
a division of Constantia Insurance Company Limited, which is a registered Financial Services Provider FSP 31111.
At the time of publication the Constantia website was down. From what I gather though it’s an independent financial advice company based out of South Africa.
Constantia products featured on the DuePoint website include:
- Access Wealth – R100 ZAR a month tax-free investment account and personal accident policy for R299 ZAR ($22.50 USD)
- Wealth Guard – R1.1 million ZAR ($82,898 USD) personal accident cover for R274 ZAR ($20.65 USD)
Wealth Points is a R274 ZAR ($20.65 USD) membership subscription service that provides access to various third-party “buyers’ club partners”.
These partners include voucher providers, an ISP, car dealership, travel agency, home appliance retailer, eCommerce platforms, hair dryer retailer, hair salon and personal fitness trainer.
Although not explicitly clarified on the DuePoint website, I believe each subscription is monthly recurring.
The DuePoint Compensation Plan
When a DuePoint affiliate sells a subscription to a retail customer or recruited affiliate, a R27.50 ZAR commission is generated ($2.05 USD).
This commission is monthly recurring for the life of the subscription.
To qualify for commissions a DuePoint affiliate must sell at least one subscription to three recruited affiliates.
Despite a R27.50 ZAR commission generated on each subscription sale, how much a DuePoint affiliate actually receives is determined by a unilevel compensation structure.
A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):
If any level 1 affiliates recruit new affiliates, 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 down a theoretical infinite number of levels.
The amount of unilevel levels a DuePoint affiliate can earn on is based on how many affiliates they’ve personally recruited.
One recruited affiliate unlocks the first level of the unilevel team, two recruited affiliates unlocks the second level of the unilevel team and so on and so forth.
Subscriptions sold on each level of the unilevel team generate a percentage multiplier, which is used to calculate specific commission rates for a subscription payment on that particular level.
- level 1 (personally recruited affiliates) – 200% multiplier (27.50*2) resulting in a R55 ZAR commission ($4.15 USD)
- level 2 – 200% multiplier resulting in a R55 ZAR commission ($4.15 USD)
- level 3 – 100% multiplier resulting in a R27.50 ZAR commission ($2.05 USD)
- level 4 – 80% multiplier resulting in a R22 ZAR commission ($1.65 USD)
- level 5 – 40% multiplier resulting in a R11 ZAR commission (80 cents USD)
- level 6 – 20% multiplier resulting in a R5.50 ZAR commission (40 cents USD)
- level 7 – 8% multiplier resulting in a R2.20 ZAR commission (17 cents USD)
- level 8 and deeper – 4% multiplier resulting in a R1.10 ZAR commission (8 cents USD)
According to a corporate presentation video, DuePoint rewards affiliates who follow a preset career path with XP Rewards.
We believe (the plan) will form the foundation of the duplication and expansion of your channel (downline).
XP Rewards include “holidays, cars, prizes, cash and even tools that will further the development of your channel (downline)”.
XP Rewards are based on points, however DuePoint do not make public the specifics of how points are awarded or for what.
DuePoint affiliate membership is tied to the purchase of one or more subscriptions.
This pegs DuePoint affiliate membership costs between R274 to R847 ZAR a month ($20.65 to $63.80 USD).
Despite its affiliates being paid to sell Constantia Insurance Company Limited and Buyer’s Club subscriptions, the company insists it’s affiliates don’t sell.
As Wealth Engineers of DuePoint you are not involved in the sale of our products and you are not a financial advisor or intermediary for DuePoint.
Your only focus is the development of your channel and the pursuit of your own financial freedom.
DuePoint refer to an affiliate downline as a “channel”, which is obviously built by recruiting affiliates and them purchasing subscriptions.
Building an income with DuePoint is simple but far reaching. As you share the DuePoint system with your peers, colleagues, family and friends you commence the construction of your very own channel.
This occurs through sales, so why DuePoint insist otherwise is a mystery. If not sales, what on Earth are they paying their affiliates for?
The investment aspect of the Access Wealth subscription would appear to be regulated through Constantia Insurance’s Financial Services Provider license, however I’m giving DuePoint the benefit of the doubt here.
Regarding the DuePoint compensation plan, the way it’s presented with different percentage multipliers sounds new, however with a fixed rate per subscription sale could just as easily be presented with actual numbers on each level.
The legitimacy of the plan meanwhile rests on how many DuePoint subscriptions are sold to retail customers.
The eighteen minute official DuePoint presentation I based much of this review on does not mention retail subscription sales once.
The focus is entirely on affiliate recruitment, which DuePoint refers to as a “channel building excercise”.
Throughout the presentation the company is quite blatant about how DuePoint should be marketed;
For the purposes of calculating your returns, these 3 product owners must be linked to you directly as a result of you having approached them in terms of the DuePoint business opportunity.
Putting aside the issue of DuePoint referring to commissions as “returns”, it’s quite clear it expects its affiliates to market the “business opportunity” and not the subscription services.
In this sense the company is correct that DuePoint (apparently) does not involve sales. At least not of a tangible product or service to retail customers.
This potentially puts DuePoint in pyramid scheme territory, if the majority of subscriptions are held by affiliates and not retail customers.
You can verify this with your potential upline, by enquiring how many non-affiliate subscription sales they’ve sold versus affiliate subscriptions.
Approach with caution.
Sounds like more MLM doublespeak… it’s not sales, it’s “influencing”. It’s not downline, it’s “channel”.
I am part of Duepoint since it launched and I believe that it is the best opportuity in the world.
Your review is totally out of context and your “facts” are totally wrong.
I suggest that you rather talk with the people who are using this super system and verify the facts with them insted of drawing you own wrong conclusions.
Duepoint has paid every single sent to us as per their marketing plan and has paid all the i centivrs they have promised.
It is not a traditional network marketing concept but something unique and it works!
Facts are facts irrespective of context. And if there were any errors you’d have pointed them out.
You mean promoters such as yourself. And why? Does DuePoint misrepresent itself in it’s marketing material?
And? An MLM company adhering to it’s comp plan isn’t a selling point, it’s a basic expectation.
I am a Wealth Engineer with DuePoint. DuePoint is a marketing division (since 2016) of Constantia.
First of all we are not affiliates & we don’t sell “subscriptions”. We introduce a intergenerational, recurring income system or tool by using technology & there by connecting individuals to the company.
The company alone is responsible for sales & we, as Wealth Engineers, are paid from the company’s revenue.
This is an opportunity for South Africans from a South African company, Listed on the JSE & Nasdac, licensed (9 licences), registerd & regulated yearly. It’s not MLM or network marketing as you don’t sell anything (Brendan & Rob does that as licensed FSP providers), you don’t have to buy stock or kits & you can start with one finacial product for yourself which is an asset for yourself.
And why would a Non-South African be interested in reviewing something that is only for South Africans?
You want to give yourself a fancy sounding title, cool.
DuePoint is still an MLM company and you’re an affiliate.
Also if you’re not “responsible for sales”, you’re getting paid to recruit. This would make DuePoint a pyramid scheme, as detailed in the review.
DuePoint have introduced a working economic solution to South Africans, and has brought hope in our hopeless economy.
So why not introdyce something better to the market if the DuePoint System is so flawed?
Why not report DuePoint to the authorities if they are a pyramid scheme? Because pyramid schemes are outlawed, right?
Why has the Reserve Bank not shut down the DuePoint System like they did with the other pyramid schemes?
So, instead of using your “red pen” to try and correct things that need no correction, put something on the table that’ll put money into the hands of families and breadwinners.
The DuePoint System is a proven, tested and robust wealth creation System and economic solution in our country right now. They have paid every single Wealth Engineer who meets the System criteria, since inception.
We seem to hear this song and dance about every South African Ponzi scheme.
The only thing DuePoint has brought to South Africa is a scam, provided the majority of company-wide revenue is affiliate spend.
Literally any other way of making money that isn’t financial fraud.
You’d have to ask the Reserve Bank that.
How about you realize the world doesn’t owe you anything. Christ, nothing worse than entitled adult children.
I think your review is very accurate apart from the ponzi part, haha.
Yes they are ‘selling’ but the reason they change the terminology is that a sales person of financial products in SA needs to have a license… hence your reserve bank comment…
So they ride the middle ground between referring a product as the basis of the business opportunity, and a presenter who sells and closes the deal as the registered financial advisor, thereby earning a ‘referral fee’ for bringing the client and getting the advisor to sell the product to them.
so they do have a product, business opportunity,MLM or network marketing, (call it what ever) and a compensation plan and that’s why it not shut down and is legitimate…
not all the other factless reasons 😉
The review doesn’t claim DuePoint is a Ponzi scheme. It’s a pyramid scheme.
Stop making excuses for scams.
Not being shut down by authorities, especially South African authorities, does not equate to legitimacy. DuePoint’s business model is tied to recruitment, making it fraudulent.
A product that is the basis for a business opportunity is the very definition of a product-based pyramid scheme. It is what it is.
Arguments about having products and paying commissions are meaningless diversions in this context. Ask Advocare and Vemma how well having products and paying commissions worked out for them.
By that definition every business is a pyramid scheme, 1 ceo 10 directors 100 managers 1000 employees 10000 customers, also pyramid scheme.
The employees on the bottom do most of the hard work and the ceo just enjoys the profit.
Chris You have described a pyramid structure, rather than a pyramid scheme, and yes most successful legal businesses have that sort of structure.
I checked Advocare and I’m trying to understand, the similarly you point to, if I only purchase well priced products from R249/m and don’t pay any joining fee, I’m not forced to buy R1000s in product and the earnings are not exaggerated then I don’t know…
It is a referral fee not selling or commission, see fsca.co.za Financial Sector Conduct Authority (FSCA).
1990s scam excuses aside, DuePoint likely operates as a pyramid scheme because it doesn’t appear to be retail viable.
That would mean the majority of subscriptions are purchased from affiliates.
Literally nothing to do with the cliche you posted. And seeing as you’re posting strawman cliches instead of addressing it, likely confirmation that the majority of DuePoint subscriptions are indeed held by affiliates.
I was correcting the selling or commission question, with the facts from the FSCA which is the South African regulatory Authority.
I have included the website so you can check it out yourself.
So maybe you may want to update your review in line with the facts…
I searched to many websites trying to find a definitive answer to what is a Pyramid Scheme and its not as clear as I thought… (Ozedit: snip, see below)
The FSCA regulate securities. DuePoint’s MLM comp plan doesn’t have a securities component.
Non-securities related pyramid schemes are regulated in South Africa by the NCC.
No, it is.
If an MLM company has little to no retail sales it’s a pyramid scheme.
If an MLM company primarily generates revenue from affiliates/distributors it’s a pyramid scheme.
Latest FTC guidance to MLM industry emphasizes retail sales
FTC: MLM companies with little to no retail activity are illegal
If you want to preach to me about pyramid schemes you better know what you’re talking about. You clearly don’t so sit down, be humble.
Chris, the shape of an organizational chart does not define a pyramid scheme, the flow of money does.
If the majority of a company’s products are purchased and consumed by members of the sales force, that’s a pyramid scheme.
General Motors sells (among other things) cars. They hire and pay employees to make and sell cars. Some of those employees may buy GM cars, but they are not required to buy $200 per month in GM products to qualify for a paycheck, and the vast majority of GM’s sales are to non-employees.
GM’s CEO may earn more than the lower-level employees, but even those at the bottom earn a living. In a pyramid scheme, those at the bottom never earn a cent and in fact lose money paying into the scheme.
Furthermore, since there is no retail market for the products, the only way they can earn money is by roping someone else into the scheme so that their recruits are the ones losing money. That’s why they’re illegal.
The “pyramid schemes don’t have products” and “every organization is a pyramid” arguments have been around for decades. They have zero validity, but keep getting trotted out by the ignorant and by the scammers.
They’re called “strawman” arguments because they’re so weak and easily refuted, like a man made of straw cannot stand up against a human opponent.
@Amos_N_Andy: A strawman argument is a weak argument that you put into the mouth of your opponent so you can knock it down, instead of trying to counter their actual argument. It is generally considered a logical fallacy.
(Although there’s a fine line between an analogy, i.e. restating your opponent’s argument in a way that makes its absurdity clearer, and a strawman, i.e. claiming that your opponent’s argument is something completely different.)
A weak argument that someone puts into their own mouth because they’re a moron is not a strawman. The technical debating term for this is “being a moron”.
An example of a strawman argument would be “Oz is saying that any company where the top earners earn many times more than the vast majority of employees is a pyramid scheme. But every big company in America works that way.”
“Everything is pyramid…” Yawn.
You stumble on the first page of the MLM/pyramid/Ponzi/brain wash playbook. A stupid scam excuse Nr. 1 (or 2?).
Let us know as soon as you get the bigger picture and the real understanding of the “business”.
You failed. Definitions may vary in wording, but the meaning is always the same:
Any system with the rewards at least partially derived/originated from the amount of a deposit/investment/purchase of directly and/or indirectly recruited members is a pyramid scheme.
If a substantial part of the rewards is derived/originated from the pool of other members (you need not to recruit) – it is a Ponzi scheme.
Let’s say pyramid scheme is a special case of Ponzi scheme. Both pyramid and Ponzi schemes are scams.
Some scams have both pyramid and either Ponzi component.
P.S. Have you ever heard about conventional business, where the last employee/worker had to “invest” or “put money in” in order to be on payroll?
Have you ever heard about conventional business screaming “we are not pyramid scheme!” or in need to discuss if it is pyramid scheme or not?
You recruit = you are in pyramid
You put (invest) money in business without known added value = you are in Ponzi
About us FSCA.co.za (Ozedit: derail copypasta removed)
The FSCA regulates pyramid schemes when there’s a securities component, same as the SEC.
DuePoint doesn’t have a securities component.
Regular pyramid schemes in South Africa are regulated by the NCC. I’m not going to state this again.
Oh no by that definition, when my retail selling Insurance broker recruited me to refer my friends and I earned a referral fee, did he create a pyramid scheme.
Unless your broker is running an MLM company I have no idea and don’t care.
If you’re finished trying to defend DuePoint operating as a pyramid scheme we’re done here.
I get it, you said:
You recruit = you are in pyramid
So every MLM is a pyramid scheme
MLM + little to no retail = pyramid scheme.
You: 1. have a reading comprehension problem, 2. you think you are being cute by playing dumb, or 3. you really are this stupid.
Just admit it, you are a Ponzi pimp. You have tried using every lame excuse in the book for not admitting this is a Ponzi with your posts here.
Save it for the gullible. Those of us here who have an IQ above 70 know this is a Ponzi.
Good grief, my 14-year old godson knows this is a Ponzi. Doesn’t say much for your financial/investment knowledge does it.
DuePoint is likely operating as a pyramid scheme.
Good day, please let me share the following directly from the DSA’s website which is one of DuePoint’s regulators. (Ozedit: snip, see below)
I trust that the above information will clear up any misunderstanding surrounding DuePoint.
If you still have a problem with Duepoint’s structure, please follow it up with the FSCA and the DSA. Maybe you can be of great help to them.
In the meantime, I fully trust them. They make the law. They declare that Duepoint is a legitimate organization.
1. The DSA isn’t a regulator. What they do or don’t have on their website is irrelevant.
2. The FSCA, like any other financial regulator, does not give approval to MLM companies.
Geez if you have to make up shit to cover the fact you’re not making any retail subscription sales, you’ve already lost.
As Oz said, the DSA (Direct Sales Association) is not a regulator, nor do they make laws. They are a lobbying organization, who petition the American Congress (actual authors of laws) on behalf of MLM businesses.
Whenever Congress makes a move toward stricter regulations that affect MLM companies, the DSA’s lawyers swoop in to convince Congress to water it down or add text that excludes MLMs altogether.
Membership in the DSA is meaningless. Advocare, Vemma, and Herbalife were all members in good standing when the FTC took action against all three for being pyramid schemes.
The DSA pretend MLM is direct sales (note their name), and they pretend to police their members. Neither is true.
Dear oz, your website provides a service to the public. I am not a person who imposes my views on others and believes in exposing more information so that individuals can verify it themselves and help them to make an informed decision.
I noticed that my previous article was not posted, maybe it’s due to limited space. (Ozedit: snip, see below.)
No, it’s because it had nothing to do with DuePoint.
If you want to link spam do it somewhere else.
Search constatiagroup look for duepoint in the drop down menu
Just checking in again, to see if you had a chance to get onto Constantia website?
Can confirm Constantia Group’s website is up at the time of this comment.
If Duepoint is a division of Constantia could that constitute a viable retail component
No, no it wouldn’t. Legitimacy via association isn’t a thing.
What Constantia does or doesn’t market has nothing to do with DuePoint.
DuePoint is a self-contained MLM opportunity with no retail component.
MLM + no retail = pyramid scheme.
Hey Chris I was about to join duepoint cause I’m so desperate for a job but reading ur comments makes me think otherwise.
Maybe it’s too good to be true I’m really scared.
After reading your review.I had a good look at DuePoint. Dont get me wrong, this does sound like a pyramid scheme, however there is only one thing that confuses me.
I’m unsure how the affiliates lose? With a traditional Pyramid Scheme the affiliates at the bottom can lose a large lump-sum of money.
With DuePoint, worst case scenario they don’t recruit anyone and lose R249($20)p/m, but stay with a financial product that has value(short and long term insurance ect).
What’s the catch if they only lose $20 p/m? I spend more than $20 a day on worthless things.
Excuse my ignorance if I’m missing something.
How much you can lose in a pyramid scheme is irrelevant in determination of a pyramid scheme.
What are they losing exactly?Aren’t they paying for financial products they choose from that give them real value?
What they pay in.
In order to prove that they’d have to purchase as retail customers.
If the majority of subscribers are retail customers, there isn’t a problem. In product-based pyramid schemes what you’ll find is the majority of subscribers are affiliates (participants in the income opportunity).
I don’t believe DuePoint has more active retail customers of affiliates for reasons stated in the review.
Sorry but I don’t quite understand. Lets just say,the companies financial products are all legitimate and they are charged at market related prices. The affiliates pay for the product they choose and it adds value to their life. For instance I pay my life insurance every month because I know its worth something. Therefore I’m not “losing” anything.
Correct me if I’m wrong but doesn’t the typical/traditional tangible product pyramid scheme have affiliates who are left with lots of worthless stock that has absolutely no value to them.
In my opinion,this definitely sounds and looks like a Pyramid Scheme where you have to recruit and what not.But in all honesty, a casino sounds more illegal to me.On paper this sounds legit. Irrespective of being an affiliate or retail customer I really can’t figure out where people loose money.
MLM company full of affiliates buying product/service with little to no retail sales = pyramid scheme.
Reason: if product/service was retail viable there’d be more retail customers than affiliates. Instead the income opportunity is what’s being marketed, which renders whatever product/service is attached to it irrelevant.
Income opportunity being marketed over retail = pyramid recruitment.
On the money side of things participants working the opportunity trying to recruit, and inevitably lose fees they paid in to those who recruited them. Like in any other pyramid scheme.
In a physical product-based pyramid scheme, sure that can happen. DuePoint doesn’t sell physical products.
You’re falling into the “it’s not a pyramid scheme if there’s a product/service” trap.
Duepoint does fall within pyramid territory, I agree with you Oz.
However, no loss of income is evident. No scamming seems to be possible either as no sign-up fee is required, but instead an insurance product must be purchased. This product is for the affiliates actual use. Historically pyramid schemes have sign-up fees which the distribution thereof has created unequal earning odds. No purchase of stock or capital outlay is required. With Duepoint’s unique model even the person at the bottom of the channel can earn the same or more than the affiliate at the beginning of the chain.
Pyramiding is based on simple mathematics: many losers pay a few winners. This is not the case with Duepoint.
An affiliate introduces the business opportunity and refers the prospect to Duepoint’s website or zoom meetings as a lead for the insurance brokers to conclude a sale of the insurance product.
This subscription can be cancelled at any time which will not cut the earning of the channel to the affiliates above or below the cancelled subscription.
You earn according to the amount of effort you put in. If the insurance product is paid, you earn your referral income. The SA insurance law does not allow an unlicensed person to sell insurance therefore a WE’s duty is to refer a prospect but not sell the product.
The product owner can now either build their channel or simply just enjoy the product and not work the business opportunity.
The pricing of the insurance products is market related and are purchased for actual use and consumption.
A pyramid scheme is fast easy money. Duepoint requires dedication and is not easy money just fair reward for your diligence and tenacity.
Oz, your review as written is appreciated; you are a source of information to protect the public from potential scams, I get it.
After reading your response to Chris where you replied, “stop making excuses for scams” and your response to Nick Mokgosi “the only thing Duepoint has brought to SA is a scam”, I realize you crossed the line when you chose to name and shame.
You are confirming with certainty that Duepoint is a pyramid scheme. If you are going to comment with so much conviction then you too need to back it up with facts. It is misleading on your part.
Duepoint does fall within pyramid territory, it cannot be deemed a pyramid scheme unless it meets the “whole” definition and recognition criteria of what is to be classified a pyramid as such.
To state MLM + little to no retail = Pyramid Scheme is not enough to justify it.
You know very well that there are criteria’s that exempt an MLM from being defined as a pyramid scheme. Why do you not inform your readers of this criteria?
You have identified gaps in your existing studies for potential future research, rather leave it open ended until you have further findings.
Does Duepoint sound like a pyramid scheme? Yes.
Is Duepoint a pyramid scheme? No, it does not appear to be so because the bottom liners have the potential to earn equally or above the top liners and the products purchased are for use by the participants.
It does however in my opinion appear to be a MLM model but structured fairly and equal to all.
I found this on the FSCA website that you refer to: (Ozedit: derails removed, see below)
Math guarantees the majority of participants in pyramid schemes lose money. Not acknowledging this fact does mean nobody loses money.
And? Product-based pyramid schemes are a thing.
It does if the majority of DuePoint affiliates are policy holders. Which, based on DuePoint’s business model and marketing (see review), I am certain is the case.
Calling recruitment of people into a pyramid scheme “effort” doesn’t change what it is.
Hypotheticals are meaningless if they are not acted upon. As long as the majority of DuePoint “product owners” are affiliates, it’s functioning as a pyramid scheme.
Whether they are or aren’t is neither here nor there. The only factor used to determine whether an MLM company is operating as a pyramid scheme is retail sales.
A lack of retail sales ties commission to recruitment, which is the case in DuePoint. Once this is established that’s it, the company is a pyramid scheme.
What is or isn’t bundled as a product/service upon determination of a pyramid scheme model is irrelevant.
The facts behind my assertion DuePoint operates as a pyramid scheme are laid out in the review. And again in this comment.
What kind of dumbass statement is this. DuePoint is a pyramid scheme. Period.
Stop making excuses for scammers.
Oz: *provides criteria to determine if an MLM company is a pyramid scheme*
Scam apologist: wHy DoN’t yOu pRoViDe ThE cRiTeRiA?
I’ve literally provided you with the requested criteria. Ignoring this criteria because it’s inconvenient does’t negate it.
Your defense of a fraudulent business model can be summed up as as follows:
Does it sound like a duck? Yes.
Does it look like a duck? Yes.
Is it a duck? Yes.
But ducks are brown. This duck isn’t brown therefore it’s not a duck.
Nobody referred to the FSCA. You brought it up in #16 and I addressed it in #17.
You’ve ignored that and continued to bring it up. Last warning.
Oz You said above:
You are assuming that participants pay fees in to those who recruit them?
What if they only pay for the financial product at market price and nothing more? No fee for recruiting, no fee for training, no fee to qualify for incentives nothing more, then I guess there is nothing to
No, see “compensation plan” details in review.
If the majority of people “only paying for xxx” are affiliates, earning commissions on recruited affiliates “only paying for xxx”, then those are defacto recruitment commissions being paid out.
Attaching a product/service to a pyramid scheme is pseudo-compliance. Either the majority of company-wide revenue is derived via retail sales or you’re a pyramid scheme.
Riddle: If a business has employees, and the only people who buy that business’s product are the employees; but all the employees expect to be paid or they wouldn’t bother working there; where does the money come from…. to pay the employees?
I can’t wait for chris’$ next (strawman) reponse.
No legit company has to defend itself,or would ever have to stoop to this banal level of stupidity.
Imagine a well known luxury German car manufacturer putting out ads saying “We do not run a pyramid scheme here ok it’s not ITS NOT DAMMIT ITS NOT PYRAMID SCHEME!
SIGN UP TODAY FOR A WONDERFUL INVESTMENT OPPORTUNITY. No selling or trade ins required. We will pay you to buy our cars.
Upfront fee of R449,500 required to get paid for your car.
We will then buy the car back from you at half the price and sell it to someone else on your behalf. No selling required.
And once again this is not a scam, definitely not a scam. We are a registered company therefore incapable of scamming anyone.
Bla bla bla bla
Send monthly deposit of R249 to Qualify for this “investment opporunity”
Once again NOT A SCAM, why we even have a bona fide genuine website – further proving this is not a scam in any way at all.
Here is even two legitimate testimonies from actual buyers of the investment OPPORTUNITY
Testimony 1. “Its not a scam as far as I can tell”
Testimony 2. “That’s good enuff fir me! Gee Thanks Testimony 1. I was so worried this was a scam as this is my last R249 Praise God I have finally found a genuine opportunity””
Would you go for that yes or no?
NO BECAUSE ITS A ****** SCAM !
JESUS CHRIST’S beard. I facepalm and give up.
The moral of the story:
PEOPLE NEED PROTECTION FROM SCAMS FOR THE LOVE OF GOD DO YOU NOT SEE THIS?
Why? See intelligence of Testimony 2.
The the love of God Testimony 2 is a genuine testimony – This really happens all the time.
Why?- There is one born every minute.
The end. I’m really fed up now after writing all that! I seriously hate all these bullshit scams they ARE ALL THE ***ING SAME WAKE UP.
You nailed it, but they won’t get it. They just won’t until….They ask to be actually paid in real money….. then they’ll get it.
But then they will just do it again with another company. And the big fat boss at the top, notice it’s always a fat guy, you never see skinny men pushing “investment opportunities”.
I know of someone who was involved in one of these scams and killed himself when he got caught out. Left his wife and kids behind.
So don’t anyone dare come here and say/think these scams are innocent and nobody looses.
I was lucky I only lost money, you ignorant fools. Shame on you.
As long as you dangle the carrot the donkey will walk sadly until it dies.
I am interested in Duepount and will give it a go next month.
I will try to recruit people and only pay the R249 once I really see people are interested at the end of tje month and the app shows me people have made payments. I am only try it out for 30 days.
I think every single person who can afford insurance or whatever is taking a risk, because once they lose their jobs they sometimes lose the package as well.
If I can recruit at least 10 people I can use Deupoints money to pay the package for me and I would have money left as well.
So, how does one keep a package they want for their families? Work hard trying to recruit people to pay the package orherwise you lose it.
This is how I understand Deupoint:
1: Wealth Ingenieeur introduces you to Deupoint;
2: You take a look at many videos and decide whether you would like to give it a try, because ypu can benifit from Deupoint;
3: You sign and pick a package that suits your needs;
4: You want to try it out for a couple for weeks before deciding to actually pay for the package you choose;
4: One morning you wake up and tske a look at your app and see you have 5 paid clients;
5: Wow! Now you can keep the package and recruit more people to interested in a package so that you can make more money;
6: Realizing Deupoint makes money and you get your R55 per recruiter.
Knowing, I am recruiting people to get interested in Deupoint to buy a package that benefits you amd your family and you get paid as well to do so.
This is the way I see how Deupoint opperates. You make more money for them and they thank you for it by giving you something in return money. It’s like a 50/50 company.
But I will give Deupoibt a chance, but if it doesn’t work, well, then it’s just to bad, if it does, great!
I am South African and have been approached by someone to sign up. No mention of policies too be sold. Only that I have to get more people to join as they are doing with me.
I immediately thought that this was a pyramid scheme.
I am further convinced by the initial replies on this thread. The arguments were aggressive and then it was “well you are not a South African so it has nothing to do with you”.
I, for one, will stay far away from this.
I also predict that in 5 or maybe even 10 years from now it will all come crashing down.
Approach this “opportunity” with caution or avoid all together.
This is a pyramid scheme.
We don’t get paid for reqruiting, we get paid for paid products in our channel. DuePoint has not cost me a cent more than the price of the policy I chose. All I do is tell people about the opportunity.
And Ian, DuePoint is in it’s 6th year already. They are listed on the JSE, DMSA,DSA,FSCA.
I don’t know of any other Insurance companies that offer their clients a return for helping them create a channel of distribution for their products.
Go get insurance somewhere else & the broker or financial adviser will get the return (commission).
Literally getting paid to recruit.
All of them do. Go to any insurance company and head to the “careers” page. None of them will have a problem interviewing one of their insurance clients for a sales job. You might even become eligible for an employee discount.
Naturally they would pay you for selling insurance to retail clients, not for recruiting other people who recruit more people etc etc. But the question was “what other insurers will pay their clients for distributing their products”. Not “what other insurers run pyramid schemes”.
If I tell a 100 people about this opportunity & only 10 decide to join & take a product, I get paid for the 10 paid products, not for the 100 that I shared the opportunity with.
The people that joins & takes a product gets paid out of DuePoint’s revenue, which is created through the sale of the insurance products.
I personally am the owner of a funeral policy for me & my family, sure I could have gotten it at any other of South Africa’s insurance companies or even directly from Constantia, but then I wouldn’t get the DuePoint oppertunity & the broker or financial advisor would get a comission. My mom gets the R55 return from my product as I’m in her channel.
And the over a hundred thousand people that has joined DuePoint since 2016 will definitely disagree with you.
Recruiting ten people into an MLM opportunity.
Product/service-based pyramid scheme 101.
How many people join a pyramid scheme is irrelevant to a pyramid scheme being a pyramid scheme.
You like to pick just one part of what people say to you huh?
Maybe they do where your from but not in South Africa. We are the company’s clients not employees.
All you had to say is you are from South Africa and we know you have no clue what you are talking about.
What is it with you people from South Africa? Don’t any of you know how to do real due diligence?
Because so far none of you who have come here to defend your Ponzi de Jour have exhibited any knowledge of how to do it.
Were you also in MTI? You know that Ponzi from South Africa that everyone posting from South Africa told us we didn’t know what we were talking about and it wasn’t a Ponzi.
Stop drinking the Kook-Aid. Sadly you are going to learn a very expensive lesson.
Malthusian a job at an insurance company can’t offer me what I get at DuePoint.
Getting paid to recruit for a pyramid scheme is the same in South Africa as it is everywhere else.
You can call yourself whatever you want princess.
Recruiting people into an MLM opportunity = getting paid to recruit.
So you joined DuePoint not for their products,but their Pyramid scheme – refreshingly honest.
And when you try sell Duepoint to those 100 people of which 10 accept,are you saying “Here join this insurance company” and not mentioning the MLM portion?
Or are you selling them on “Sign up,but if you want to make money here’s how easy it is”
Thats the difference between a broker and a pyramid-scheme bunny like you. You’re not an entrepeneur or a “wEaLtH cReAtoR”,you’re a salesperson with a delusion.
Why are you personally selling a money-making opportunity (with a pay-to-play subscription model) if Duepoint’s focus is product sales? That’s literally a Pyramid scheme
I quite enjoyed the post on how DuePoint is NOT a Pyramid scheme,shows how confused you and the other 99 999 people that joined are “Wealth Creators” lol.
What’s South African for “selling a business opportunity = pyramid recruitment”?
Had to phone a friend for this one
“Jammer maar jy is in ‘n piramide skema mevrou”.
Though the translation you’re looking for is closer to:
“Jy verkoop nie produkte nie,jy verkoop besigheids geleenthede,en dit is Presies wat n Piramide skema is,die produkte is van minder belang as om die besigheids geleenthede weer aan ander te verkoop”.
Dear South Africans, ^^ what he said.
Well,”Afrikaans” South Africans (which Hannali is likely)
The country has 35 languages, of which 10 are “official”.
I have asked this question before on this forum. What is so f’ng wrong with South Africans?
Everytime a scam hits you know it is going to hit there hard. Sometimes hardest. Now South Africa exports things like Finalement, MTI, etc.
South Africans are so used the law being optional, they no longer seem to give a toss.
The entitlement in the white community is amazing – “don’t blame us, we can’t get jobs now. We had 350 years to prepare for this but seem stupid”.
In the other communities “why should we work now when everyone else paler than us got an easy ride?”
En voordat julle begin huil, ek het amper my hele lewe op S-A gebly, was daar gebore, ens. Nou vat weg en dink
Seeing that some people are really getting personal. Thank you for the wonderful comments about South Africa & South Africans.
Your knowledge is astounding. Yes & things like MTI & Crowd 1 do blow through SA just like any other country. But DuePoint is in it’s 6th year.
I’m happy with DuePoint, have not regretted joining.
Congrats on evading every comment and criticism with “But it’s still running”.
You deserve your future losses from promoting a pyramid scheme.
Ok,so let’s say I am starting to agree with you & DuePoint is a scam & a pyramid scheme & I stop telling people about it, I keep paying my insurance policy though, so there will be money for a funeral when I die.
Where is the proof? (Ozedit: read the review, derails removed)
DuePoint’s pyramid scheme potential is detailed in the review you’re commenting on.
MLM + little to no retail sales = pyramid scheme.
The issue isn’t insurance, it’s DuePoint likely operating as a pyramid scheme.
Why remove all that I said & asked. Is it because you can’t answer me?
Asking dumbass questions (such as “where is the proof?” whilst simultaneously ignoring provided proof) = spambin.
Offtopic derails = spambin.
This isn’t Facebook.
While you may be new to adulting and how Pyramid schemes work, as previously mentioned having a tinly veiled product portion doesn’t mask the fact that majority of sales are coming from people joining to participate in the MLM, rather than direct clients interested in products.
You yourself are such a person, you earlier confirmed that you definitely don’t care about joining for the product, you are after the income.
Don’t now suddenly start trying to flip it around. Every ad for Duepoint is somebody holding up a cheque, not somebody extolling the virtues of Duepoint’s great products or service.
If I have to pay a company to work for them, and the majority of their clients are paying them to work for them,they run a pyramid scheme.
Now,there’s anecdotal evidence from me,direct evidence from you yourself and direct evidence from others advertising Duepoint indicating it’s a pyramid scheme.
So, it’s a pyramid scheme.
If you still don’t grasp the concept there’s little salvaging the situation. You just get to wrestle with your conscience (if you have one) that the majority of people joining pyramid schemes don’t ever profit from them but lose money – so don’t try convince any sensible person here that you’re anything but a slimey salesman.
This is the age of the internet. They are making money of the monthly subscriptions people are paying.
Whichever company made their training videos are getting paid everytime u watch it. Everytime u watch the training videos the company itself is also making money.
U only get paid per monthly subscription people make but do you realise how rich u are making them by downloading their app n watching their videos.
Getting paid on selling subscriptions is fine.
Getting paid on subscriptions bundled with an MLM income opportunity, in the absence of significant retail sales of the subscriptions, is a pyramid scheme.
I think the focus is off the real “culprits” here! Constantia Insurance Company Limited that might be the umbrella company for a pyramid scheme? Just my 2cents.
This was a very funny and interesting thread. But please don’t label us as where the schemes come from.
When times are though people get desperate. This scheme sounds and looks legit to a lot of people but because of desperation they look past the obvious…
You buy a “product” (insurance) but not from the actual provider of such “products” but via a MLM (am I understanding this correctly?).