BLGM Better Living Global Marketing Review
Better Living Global Marketing’s penny public auction company introduced in August of 2012 and are based out of Hong Kong in China.
On the Better Living Global Marketing website, the producer specifies that it’s ‘a subsidiary of MSP Energy Advertising’.
For reasons not known, the Better Living Global Marketing website has a boatload of info on MSP Power Marketing and it’s lube products, but no details on Better Living Global Marketing company itself (other than an unhelpfully long-winded advertising and marketing spiel that does not actually point out anything).
MSP Power Marketing (and by organization Better Living Global Marketing) was founded in the early 1990s by Luke Teng (right), that credits himself as the CEO of Better Living Global Marketing on the company website.
I had not been able to discover any kind of information showing participation by Teng in an additional MLM manufacturer at an executive level, so Better Living Global Marketing seems his initial MLM venture.
Keep reading for a complete assessment of the Better Living Global Marketing MLM business possibility.
The Better Living Global Marketing Product Line
Better Living Global Marketing offer bids for their Bidder’s Paradise dime auction site.
Public auctions showcase on the Bidder’s Paradise site with a 20 2nd timer. Each quote put in a public auction resets the timer back to 20 secs, with bidders able to position proposals as long as the timer does not reach no.
If a public auction timer gets to zero, the auction is over with the last bidder to place a quote succeeding it.
Bidder’s Haven also incorporate a “special rate” function in their auctions. If an auction gets to a pre-determined special cost, the public auction additionally ends with the last prospective buyer gaining the public auction.
Special costs are not revealed to participating auction bidders, with Bidder’s Paradise just specifying that they are ‘less than 50 % of Hong Kong retail’.
Bids for Bidder’s Heaven are only readily available in packs, which are offered in packages of 2000 for $1160. For each and every group sold Bidder’s Haven likewise ask for a $15 fee, bringing the overall price of a proposal pack to $1175.
Purchased quotes are able to be utilized in all Bidder’s Haven auctions or handed out to other individual Prospective buyer’s Paradise accounts.
The Better Living Global Marketing Compensation Plan
The Better Living Global Marketing payment strategy revolves around the sale of Bidder’s Paradise proposal packs for $1160 to either recruited affiliates or retail customers.
An annual cost (reoccuring) of $15 is also charged, bringing the total rate of each bid pack to $1175.
A Better Living Global Marketing affiliate’s reserve pocketbook is a digital pocketbook where an associate could only buy Bidder’s Paradise bid packs from.
All the payments paid out by Better Living Global Marketing have a reserve wallet part, with any kind of funds positioned in the reserve purse not able to be cashed out directly by an associate.
Better Living Global Marketing fee affiliates $11.62 a month from their reserve purse equilibrium.
Erroneously classified a “retail payment” despite the fact that it pays out if a sponsored associate acquisitions a quote group, Better Living Global Marketing’s “retail payment” is paid out at 18 % of the $1160 spent for a quote group.
This equates to $208.80 per group sold, with an additional 2 % ($23.20) held by the manufacturer and placed into an affiliate’s reserve wallet.
The Leadership Bonus comprises 3 % of every quote group marketed, and is paid making use of a unilevel payment framework.
A unilevel payment framework places an associate on top of the framework with every personally sponsored associate positioned straight under them (level 1).
If any of these level 1 affiliates take place to recruit brand-new associates of their very own, they are after that put on degree 2 of the unilevel. If any level 2 associates sponsor brand-new affiliates they are placed on degree 3 and more and so forth down an in theory limitless amount of degrees.
Utilizing the above unilevel settlement structure, Better Living Global Marketing pay out 3 % of every bid pack offered by any type of associates in a unilevel team. The number of levels on the unilevel are counted for the Leadership Bonus relies on an associate’s very own subscription ranking:.
Manager– 3 degrees.
Director– 4 levels.
Vice-President– 5 degrees.
The Leadership Bonus is split into two payments, with 2.7 % ($31.32) of the 3 % total amount being paid to the associate and the remaining 0.3 % ($3.48) being embeded their reserve pocketbook.
I did attempt searching high and low for info on the associate subscription rankings and qualification criteria required had not been able to discover anything openly available.
Business Volume Bonus.
Business Volume Bonus is paid out making use of a binary compensation structure. A binary settlement structure places an affiliate on top of the structure with 2 placements branching out straight under them.
These 2 positions are the start of 2 sides, with each placement consequently branching off in to an additional 2 placements and so forth and so forth.
Each of these binary positions is loaded either via direct recruitment or the recruiting initiatives of an affiliate’s up and downlines.
As brand-new associates are sponsored a binary group grows and whenever a Bidder’s Paradise bid pack is marketed, it is accepted to either the left or best side of the binary (depending upon which associate offered the group).
For every bid pack sale matched on both the left and right side of the binary, a $58.50 payment is paid. $6.50 is also withheld by the business and placed into an affiliate’s “durability purse”.
An associate’s durability pocketbooks show up to the same as their reserve wallet, with funds offered in the pocketbook just able to be utilized to acquire additional quote groups.
Note that the Business Volume Bonus is topped at 8 perks each day per unit. Better Living Global Marketing don’t define exactly how the cap is worked out, however provided the everyday restriction it seems some sort of queueing device.
When a Bidder’s Paradise proposal pack marketed or acquired by affiliates, the affiliate that referred the consumer or sponsored the associate gains an everyday payment for 99 days.
This compensation is paid 6 times a week (skipping Sundays), with Better Living Global Marketing matching all Profit Sharing payouts and placing the matching funds in an associate’s reserve wallet.
Proposal Unit Matrix.
Commonly if a matrix settlement design is used a manufacturer places affiliates in the matrix to fill up placements. In Better living Global Marketing, the business rather produces positions in a company-wide matrix for each Bidder’s Paradise proposal group bought.
Better Living Global Marketing’s company-wide matrix corresponds a binary, with each position in the matrix splitting into an additional 2 positions (being a matrix there are no sides).
When a Bidder’s Paradise proposal group is bought by an affiliate or offered to a client, a position is produced in the matrix. In time placements below the quote pack position will certainly up and for each and every placement under the bought position (capped at a 2 Ã� 12 matrix within the company-wide matrix), Better Living Global Marketing pay affiliates $3.87 each position.
Each bid pack placement has a possible 8,190 matrix placements under it (within the ever-growing company-wide matrix), and hence can create an optimum of $31,695 a month if it fills with purchased proposal group placements.
Signing up with Better Living Global Marketing.
Affiliate membership to Better Living Global Marketing seems free, nevertheless an affiliate needs to purchase a proposal pack (system) to obtain started.
Properly associate membership to Better Living Global Marketing starts at $1175 (the cost of one device).
The Better Living Global Marketing settlement strategy material I mentioned for this testimonial mentions that.
In August 2012, after experiencing the global cent public auction sensation, Mr. Teng released Bidder’s Paradise, a high-end dime public auction website and used Better Living Global Marketing as the advertising arm.
Reading in between the lines, Luke Teng saw the “success” of Zeek Rewards (the first MLM penny auction) and wanted to reproduce it.
Pay certain attention to the launch month, as Zeek Rewards was shutdown that very same month and disclosed to by the SEC to be a $600M Ponzi scheme. Under the guise of the Zeekler cent public auction, the truth of Zeek Rewards is that it was an affiliate-funded money shuffling scheme, with new affiliate financial investments (proposal purchases) being utilized to pay ROIs been obligated to repay to existing associate investors.
Change Zeek Rewards with Better Living Global Marketing and Zeekler with Bidder’s Paradise, and that’s basically the things that you’ve obtained below.
When Zeek Rewards was shutdown and Better Living Global Marketing launched, the requests for a BehindMLM testimonial of the firm started to seep in.
After first discovering regarding business, I went over to the site and was contacted a jumble of Chinese and English. Figuring no one would seize the day seriously (well, nobody who spoke English anyhow), I decreased to assess the firm and left it at that.
Sometime over the past couple of months however, possibly as a result of the decrease of the revenue-sharing MLM particular niche typically, Better Living Global Marketing have actually re-emerged and ramped up their affiliate employment efforts.
The Bidder’s Paradise site is still a confusing jumble of Chinese and English however United States based affiliates have recorded videos of their very own describing the business, with the intent to broaden its English talking affiliate-base.
Essentially, associates sign up with Better Living Global Marketing and invest a minimum of $1175 in to business. For their financial investment, Better Living Global Marketing make the signified assurance of a positive ROI over 99 days, along with the other benefits and commissions paid via the payment plan.
Forced re-investment is made through the appropriately named durability and reserve purses. Every little thing else is transformed to numbers on a screen, placed into a 3rd e-wallet and is withdrawable as long as the producer has money to pay affiliates out with.
Similar to Zeek Rewards the front-end of the business is the Bidder’s Paradise cent auction, especially the thought that it preserves the everyday ROI Better Living Global Marketing pays out its associates.
Zeek Rewards and every other MLM penny public auction after it nevertheless has shown that the penny public auction side of the MLM firms that run them are not successful.
To date, not one MLM dime public auction has taken off on the qualities of the cent auction itself. Those business that have actually found success have actually done so on the values of their settlement plan, which revolve around taking in cash from new associates and utilizing it to pay out alreadying existing affiliates.
Better Living Global Marketing is no different, which’s specifically just how business is marketed.
Here’s exactly how Better Living Global Marketing offer their daily ROI, with ROI projections based on repayments made throughout early 2013:.
$8.75 a day ROI with affiliates advised to reinvest after the total 99 returns have been paid out.
For associates questioning what investment technique to utilize, don’t stress Better Living Global Marketing have you covered:.
Invest in at the “excellent option” for $1175 and obtain a $1939 twelve month ROI. Or you can purchase at the “much better option” for $3525 and receive a $5884 ROI. Still insufficient? The “even much better option” just sets you back $8225 and delivers a $16547 ROI.
Exactly what around the Ponzi experts?
Ladies and gents behold, the “better option”:.
Get in for $17,625 and win a 12 month $40,323 ROI.
Oh and it’s totally passive to. Simply spend your money, carry out some ridiculous rudimentary tasks the firm sets and enjoy your monopoly money harmony increase:.
In case you can not fairly make it out, the above table is classified “Potential Annual Cash Flow without any Recruiting” and information projected Better Living Global Marketing ROIs with bit more than a preliminary investment needed by an affiliate.
Such spread sheets were likewise common in Zeek Rewards as alreadying existing associate financiers attempted to tempt brand-new capitalists in to the scheme.
Regardless of the history of the MLM dime public auction specific niche disclosing otherwise, proponents of Better Living Global Marketing will no doubt effort to attempt to persuade people that the “excellence” of the Bidder’s Paradise public auctions pays the ROIs above.
This falls flat on two matters. The initial is retail. That in their right mind is going to drop at least $1175 for bids at Bidder’s Paradise without the attached investment plan?
And if you’re wondering about the auction activity over at Prospective buyer’s Heaven, associates are called for to make use of bids in auctions to get their everyday Return Of Investment.
20 pre-owned bids qualifies associates for an everyday Return Of Investment, with associates able to pre-qualify for multiple days ahead of time per 20 bids they utilize in the Prospective buyer’s Paradise public auctions.
The 2nd count is that, if you accept this is yet one more affiliate-funded ROI plan, every quote sold brings with it a )100 % liability for Better Living Global Marketing. In addition to the )ONE HUNDRED % Return Of Investment paid out directly through profit-sharing, there’s additionally the continuous responsibility made by means of the company-wide matrix (at least $3.87 each month per placement in the producer).
Where do all these roads lead us to?
One large Ponzi explosion. When new affiliates quit joining and spending it’s not going to take wish for the obligations to surpass new money being available in (from associates).
When that occurs, kaboom.
With the Better Living Global Marketing and its affiliates suggesting capitalists buy in at $17,625 and the firm making the forecasted assurance of a $40,000+ Return Of Investment within YEAR, it doesn’t take an algebraic genius to anticipate a failure well before your normal 2 year Ponzi life-span.
As they say, trick me once, shame on you. Fool me two times, self-disgust on me. Fool me … well to be honestly sincere I’ve lost count of the amount of of these Zeek Ponzi duplicates have actually gone bust now.
You would certainly think exactly what with the staring down the barrel of clawback lawsuits for any associate that transformed $1000 in Zeek Incentives individuals would have learned their lesson, yet here we are.