EveryoneCycles Review: Tri-queue $10 Ponzi cycler
As per the EveryoneCycles website, the company is purportedly owned by a “Phillip Maccord”.
The program is owned by Phillip Maccord and is operated by an experienced admin team!
The name “Phillip Maccord” does not appear in relation to the MLM industry outside of mention of EveryoneCycles.
Given the mention of an “experienced admin team”, I find this highly suspect and am flagging Phillip Maccord as a possible pseudonym.
Why the other admins of EveryoneCycles are not named on the company website is a mystery.
Read on for a full review of the EveryoneCycles MLM business opportunity.
The EveryoneCycles Product Line
EveryoneCycles has no retailable products or services, with affiliates only able to market affiliate membership with the company itself.
Bundled with EveryoneCycles is a series of “marketing tools”.
The EveryoneCycles Compensation Plan
The EveryoneCycles compensation plan revolves around affiliate signing up and then purchasing $10 positions in a straight-line queue.
200% ROIs are advertised, meaning for every two positions purchased in the queue, the position at the top “cycles” out and the affiliate who owns the position is paid $20.
Note that EveryoneCycles run three simultaneous straight-line cycler queues, corresponding with the three payment processors they use.
Funds within each payment processor are retained within that processor, meaning that it’s possible for part of the EveryoneCycles business to stall if funds dry up in one particular processor.
EveryoneCycles affiliates are capped at 50 open positions in the queue, with a maximum of five positions able to be bought in a single transaction.
Note that between 10% to 30% of commissions paid out must also be reinvested back into more positions.
Finally, a $1 referral commission is also paid out whenever a personally recruited affiliate purchases a cycler position (paid per position purchased).
Affiliate membership with EveryoneCycles is free, however affiliates must invest in at least one cycler position in order to participate in the income opportunity.
As such, the defacto minimum affiliate membership cost of EveryoneCycles is $10.
How do I make money with EveryoneCycles?
Members must purchase positions in our line cycler to start earning.
With nothing being sold to retail customers, 100% of revenue generated sourced from affiliates and simply redistributed out to affiliates who invested earlier, EveryoneCycles functions as a Ponzi scheme.
Affiliates buy in for $10 and then once enough new positions have been invested in, receive an advertised 200% ROI ($20).
As with all Ponzi schemes, once new affiliate investment dries up EveryoneCycles will find itself unable to meet it’s ROI liabilities. Due to the nature of EveryoneCycle’s business model, this collapse will present itself as the stalling of the cycler queues.
EveryoneCycles’ answer to this?
When no positions are purchased, 1 to 25 new positions are purchased within 48 hours by the admin team for constant cycling always at EveryoneCycles.
Mathematically EveryoneCycles’ explanation makes no sense. The admin team purchasing positions, unless they’re incredibly stupid, means no new funds are entering the scheme. They just open up the admin backoffice, tell the system a few new positions have been purchased and that’s that.
Money wise funds exit the system when the positions at the top cycles out, but nothing has entered in at the bottom.
With EveryoneCycles’ operating at a 2:1 loss everytime a position cycles out, the adding of phantom positions by the admin will only exhaust invested funds sooner.
Eventually the admin will wind up generating positions which trigger cycles they can’t pay out.
What tends to happen though is that long before that becomes a reality, the admin sees the writing on the wall when new position purchases slow down and makes of with everyone’s money.
Anyone with funds still trapped in the system at that point loses out.
If the other admins are not named it could be a simple clerical error, or they just forgot.
I believe it is a fake name. This admin has been banned on the MMG forum for using multiple usernames.
Right. They named one admin and just “forgot” to name the others.
This doesn’t happen.
Well, if they didn’t forget or make a mistake then it shouldn’t be a mystery why they don’t name them.
If they did, they would have their names in public once it comes to an end. That is the only reason anyone wouldn’t name the owner or give a (real) address.
I don’t presume to be versed in the art of mind reading.
Either way, an MLM company not providing ownership details (for whatever reason) is a red flag that should not be ignored.
I honestly don’t think it is possible for the lines to stall or dry up since payout is automatic and repurchase is necessary to stay in. If the admin has the percentages set right in the program then It should take 4 or 5 purchased positions to move 1 position.
As long as money is constantly going in and coming out there is no way it can stall. The only way to stall is if everyone stops purchasing.
Also, if admin has 4 or 5 positions coming in before 1 position can cycle this leaves a surplus fund that allows the admin to purchase positions to move the lines.
Just entering this comment because I forgot to click the notify me button. 🙂
Don’t join this criminals. Bitcycer are thieves on the net. They are scammers who also formed MML.