Get It Club Review: Colombian Xifra Ponzi clone
Get It Club provides no information about who owns or runs the company on its website.
In fact as I write this, Get It Club’s website is just an affiliate sign in form:
Get It Club’s website domain (“getitclub.io”), was privately registered on April 11th, 2021.
At time of publication SimilarWeb ranks only two sources of traffic to Get It Club’s website; Colombia (98%) and Costa Rica (2%).
Given this spread, it’s highly likely Get It Club is being run from Colombia.
It appears early on, Get It Club was being presented as a Colombian alternative to the Xifra Ponzi scheme:
Xifra is a Mexican Ponzi scheme run by Jonathan Sifuentes.
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.
Get It Club’s Products
Get It Club has no retailable products or services.
Affiliates are only able to market Get It Club affiliate membership itself.
Get It Club’s Compensation Plan
Get It Club affiliates invest funds on the promise of a 0.6% to 2.2% daily ROI.
Get It Club’s investment tiers range from $100 to $10,000:
- $100
- $300
- $500
- $1000
- $3000
- $5000
- $10,000
Note that there’s also a $100 tier, but Get It Club’s marketing states
$100 accounts will only work as positioning and do not generate profitability.
Get It Club pays returns Monday through Friday. Returns are capped at 250%.
The 250% ROI cap includes MLM commissions and bonuses.
In addition to that there’s also a daily earnings cap, equal to the tier you have invested at.
E.g. $5000 Get It Club tier affiliates can earn up to $5000 a day.
After 250% on an investment is reached, reinvestment is required to continue earning.
Finally 20% of all all returns and earned bonuses and commissions, are locked up for 16 months.
Get It Club promises an additional 300% ROI on locked up funds, payable at the end of 16 months.
The MLM side of Get It Club pays on recruitment of affiliate investors.
Get It Club Affiliate Ranks
There are twelve affiliate ranks within Get It Club’s compensation plan.
Along with their respective qualification criteria, they are as follows:
- Affiliate – sign up as a Get It Club affiliate
- Bronze – generate $3000 in accumulated downline investment on your weaker binary team side and recruit two affiliates
- Silver – generate $8000 in accumulated downline investment on your weaker binary team side and recruit two Bronzes
- Gold – generate $20,000 in accumulated downline investment on your weaker binary team side and recruit two Silvers
- Sapphire – generate $40,000 in accumulated downline investment on your weaker binary team side and recruit two Golds
- Ruby – generate $80,000 in accumulated downline investment on your weaker binary team side and recruit two Sapphires
- Emerald – generate $140,000 in accumulated downline investment on your weaker binary team side and recruit to Rubys
- Diamond – generate $280,000 in accumulated downline investment on your weaker binary team side and recruit two Emeralds
- Executive Diamond – generate $420,000 in accumulated downline investment on your weaker binary team side and recruit two Diamonds
- Black Diamond – generate $700,000 in accumulated downline investment on your weaker binary team side and recruit two Executive Diamonds
- Crown Diamond – generate $1,400,000 in accumulated downline investment on your weaker binary team side and recruit two Black Diamonds
- Crown Ambassador – generate $3,000,000 in accumulated downline investment on your weaker binary team side and recruit two Crown Ambassadors
Recruited affiliates must have an active investment to count towards rank qualification.
Referral Commissions
Get It Club pays an 8% to 12% commission on funds invested by personally recruited affiliates.
The referral commission range is determined by rank:
- Bronze to Gold ranked affiliates earn an 8% referral commission rate
- Sapphire to Emerald ranked affiliates earn a 9% referral commission rate
- Diamond to Black Diamond ranked affiliates earn a 10% referral commission rate
- Crown Ambassador and Crown Diamond ranked affiliates earn an 11% referral commission rate
Residual Commissions
Get It Club pays residual commissions via a binary compensation structure.
A binary compensation structure places an affiliate at the top of a binary team, split into two sides (left and right):
The first level of the binary team houses two positions. The second level of the binary team is generated by splitting these first two positions into another two positions each (4 positions).
Subsequent levels of the binary team are generated as required, with each new level housing twice as many positions as the previous level.
Positions in the binary team are filled via direct and indirect recruitment of affiliates. Note there is no limit to how deep a binary team can grow.
At the end of each day Get It Club tallies up new investment volume on both sides of the binary team.
Affiliates are paid 8% to 12% of funds invested on their weaker binary side.
As with referral commissions, residual commission rates are determined by rank:
- Bronze to Gold ranked affiliates earn an 8% residual commission rate
- Sapphire to Emerald ranked affiliates earn a 9% residual commission rate
- Diamond to Black Diamond ranked affiliates earn a 10% residual commission rate
- Crown Ambassador and Crown Diamond ranked affiliates earn an 11% residual commission rate
Rank Achievement Bonus
Get It Club rewards affiliates for qualifying at Bronze and higher ranks:
- qualify at Bronze and receive $60
- qualify at Silver and receive $160
- qualify at Gold and receive $400
- qualify at Sapphire and receive $1200
- qualify at Ruby and receive $2400
- qualify at Emerald and receive $4200
- qualify at Diamond and receive $11,200
- qualify at Executive Diamond and receive $16,800
- qualify at Black Diamond and receive $28,000
- qualify at Crown Diamond and receive $70,000
- qualify at Crown Ambassador and receive $150,000
Diamond Pools
Get It Club sets aside 3% of company-wide investment volume and places it into Diamond Pools.
Diamond Pools are shared annually among “the highest ranks”.
Presumably this refers to Diamond and higher.
Joining Get It Club
Get It Club affiliate membership is charged at 2% of funds invested.
An active $300 to $10,000 investment is required to fully participate in the attached income opportunity.
Conclusion
It’s easy to see where how comparisons between Get It Club and Xifra originated.
In addition to targeting Spanish speaking investors and the usual trading bot Ponzi nonsense…
…Get It Club also adopts the “cannabis plantations” ruse:
Like Xifra, no evidence of external revenue of any kind being used to pay withdrawals is provided.
Regardless of the marketing claims behind the company, Get It Club’s passive 250% ROI scheme constitutes a securities offering.
Get It Club fails to provide evidence it has registered with financial regulators in any jurisdiction. This means that at a minimum, the company and its promoters are committing securities fraud.
Xifra has already attracted the attention of Colombian regulators back in February.
With Get It Club deriving 98% of website traffic from Colombia and said traffic being on the rise, it’s probably only a matter of time before they’re targeted too.
Of more immediate concern to consumers is the fact that MLM companies committing securities fraud are Ponzi schemes.
As with all MLM Ponzi schemes, once affiliate recruitment dries up so too will new investment.
This will starve Get It Club of ROI revenue, eventually prompting a collapse.
The math behind Ponzi schemes guarantees that when they collapse, the majority of participants lose money.
