GlobalFortune11 Review: $12 eleven-tier matrix cycler
There is no information on the GlobalFortune11 website indicating who owns or runs the business.
The GlobalFortune11 website domain (“globalfortune11.com”) was registered on the 31st of March 2014 and lists an Asher Winata as the domain owner. An address in the US state of California is also provided, however this would appear to be the address of GlobalFortune11’s hosting company.
Winata first popped up on BehindMLM’s radar in late 2013 as the admin of GlobalAdShare.
GlobalAdShare saw affiliates invest $10 sums on the promise of a 150% ($15) ROI, funded by new affiliate investment.
Social media reports on the status of GlobalAdShare are conflicting, with some affiliates claiming to be recently paid and others complaining they haven’t.
This might suggest the scheme has begun to selectively pay participants, typically based on their recruitment stats and how much they have personally invested into the scheme.
This is typically what happens prior to a company-wide collapse, which is inevitable in all Ponzi schemes.
Whether Winata is actively marketing GlobalFortune11 to the GlobalAdShare affiliate-base is unclear.
Read on for a full review of the GlobalFortune11 MLM business opportunity.
The GlobalFortune11 Product Line
GlobalFortune11 has no retailable products or services, with affiliates only able to market affiliate membership to the opportunity itself ($12).
Bundled with affiliate membership are advertising credits, which can be used to display advertising on the GlobalFortune11 website.
The GlobalFortune11 Compensation Plan
Each GlobalFortune11 affiliate membership comes with a matrix position ($10) that provides access to the company’s compensation plan.
The GlobalFortune11 compensation plan sees affiliates purchase positions in two matrix systems and get paid when affiliates they have recruited purchase positions.
Recruitment Commissions
When a GlobalFortune11 affiliate recruits a new affiliate who buys into the scheme, they are paid $1.
Matrix Commissions
GlobalFortune11 use a 3×10 matrix compensation structure to pay commissions on position purchases made by recruited affiliates (either direct or indirect recruitment).
A 3×11 matrix places an affiliate at the top of a matrix, with three positions directly under them (level 1):
These first three positions in turn branch out into another three positions (level 2), and so on and so forth down a total of ten levels.
Each filled position in the matrix represents a recruited affiliate who has bought an $12 position.
Commissions are paid out as a percentage of the matrix positions purchased. How much of a percentage is paid out depends on what level of the matrix a position was filled:
- level 1 – 50 cents per position filled
- level 2 – 75 cents per position filled
- level 3 to 9 – 50 cents per position filled
- level 10 – 25 cents per position filled
Matrix Cyclers
GlobalFortune11’s matrix cyclers are a series of 2×1, 3×1 and 3×2 matrices affiliates cycle through to get paid.
A cycle occurs when an affiliate fills their matrix, again either via direct or indirect recruitment of affiliates and their purchasing of matrix positions ($12).
For reference, a 2×1 matrix has two positions to fill, a 3×1 matrix has three and a 3×2 matrix has twelve.
- cycler 1 (2×1) – $2 commission and entry into cycler 2
- cycler 2 (3×1) – $3 commission and entry into cycler 3
- cycler 3 (3×1) – $5 commission and entry into cyclers 1 and 4
- cycler 4 (3×1) – $15 commission and entry into cyclers 1 and 5
- cycler 5 (3×2) – $25 commission, two entries into cycler 1 and one entry into cycler 6
- cycler 6 (3×2) – $100 commission, four entries into cycler 1 and one entry into cycler 7
- cycler 7 (3×2) – $250 commission, four entries into cycler 1 and one entry into cycler 8
- cycler 8 (3×1) – $1000 commission, six entries into cycler 1 and one entry into cycler 9
- cycler 9 (3×1) – $1500 commission, six entries into cycler 1 and one entry into cycler 10
- cycler 10 (3×1) – $2100 commission, six entries into cycler 1 and one entry into cycler 11
- cycler 11 (3×1) – $5000 commission and six entries into cycler 1
Referral commissions are paid out when personally recruited affiliates cycler out cyclers 2 to 11:
- cycler 2 – $1
- cyclers 3 to 5 – $2
- cycler 6 – $10
- cycler 7 – $15
- cycler 8 – $20
- cycler 9 – $25
- cycler 10 – $50
- cycler 11 – $100
Profit Sharing
No specifics are provided, however the GlobalFortune11 compensation plan mentions that
at least once a month, we will randomly distribute our Cash Pool bonuses to our members.
Joining GlobalFortune11
Affiliate membership with GlobalFortune11 is $12. This provides an affiliate with two matrix positions and access to the GlobalFortune11 compensation plan.
Conclusion
A money game at its simplest, GlobalFortune11 has quite obviously been launched to address the lack of funds flowing through GlobalAdShare.
The GlobalFortune11 domain itself was registered some time ago, however the scheme was only launched late last week.
With GlobalAdShare affiliates reporting problems only recently, I doubt it’s a co-incidence Winata has only now launched GlobalFortune11.
As to GlobalFortune11’s business model, affiliates put in $12 and then earn commissions when affiliates recruited after them do the same. This is otherwise known as a pyramid scheme.
Cyclers typically show increased movement shortly after launch before flattening off and stalling a short time after. This is due to recruitment slowing down and a lack of new matrix positions being purchased.
In GlobalFortune11 a staggering 36 positions are created in cycler 1 as an affiliate progresses through the eleven cyclers.
Each of these positions drains money from the system without contributing any new funds, with it likely taking only a few affiliates to cycle through all the matrices to trigger a collapse (lack of funds to pay out).
Over time the phantom positions created exponentially increase until breaking point.
When this happens, if one were to look at the spread of commissions paid out, Winata is likely to sit at the top along with those who joined shortly after he launched the opportunity.
Anyone with money trapped in the system at that point loses out. This scenario is now slowly playing out over at GlobalAdShare.
How can you call globalfortune11 a Ponzi scheme when you haven’t tried it yet.
I have been waiting on a review of this. I told a few Global Ad Share members the same thing.
Yes he is slowly marketing this to the GAS members as some of them are using the banners over on GAS itself. So it won’t be long before they all jump to this one.
I heard of people of waiting longer and longer for payments on GAS as we speak. Plus you have a few members saying everything is normal just so they can gain a few more referrals.
Once they started adding more cyclers to the already long list I knew it was a matter of time.
@HC
Because you don’t need to try a business to understand its compensation plan and follow the money.
The same reason you don’t need to shoot yourself in the foot to know it’s bad for you.