Revenue Magic – Another MLM Scam?
April 23, 2008 | By Monika Mundell | 2 Comments »
Not so long ago I posted about a newish concept that supposedly helps network marketers to advertise and build new business. While I’m not familiar with either of these concepts, to me they both look just like another hyped up pyramid scam where the first people in make some decent money and the rest will be left to hang dry.
My last post was about Wowwzza and you can read all about it by following the link. Today I’m writing about something else called Revenue Magic.
How it works
Revenue Magic offers three different classes of advertising packages to you. Within each package you will find various amounts of advertising credits which can be redeemed for text and banner ads, solo ads and page views.
These packages also provide several cash back bonuses depending on the package that has been purchased.
Revenue Magic will then advertise those packages for you with your own replicated site. This in turn will earn you cash back rewards and more advertising credits. Funds that are collected via the CMS (constant marketing system) will be used to advertise your site. Those funds are collected in 6 different ways and are traceable from within your Revenue Magic admin.
By using the systems referral structure you can fast track your earnings with Revenue Magic. You are not required to sponsor anybody but will receive better rewards for doing so (surprise surprise).
While this all sounds to good to be true, to me it really is. I generally am turned off by sites that are clearly there to collect as many people as possible as this screams scam to me.
Also the fact that some of their pages are loaded with crappy banner advertisements doesn’t help to present themselves as a legit company.
While you might be impressed, I’m not and my gut tells me to stay clear of this site. But then I could be all wrong and I guess you’ll have to find out for yourself.
The good news is that you can join for free before you get sucked into parting with your money. Good luck.
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Been a member for months..they claim to spend money for the membership. Yet at the same time, during clint’s conference call, he will blatently tell visitors its none of new comers’s business how mucy money is in the Cms acct.
The other issue with this company is they say one thing and do another. While all the hype is made about the cms, that part of the business is still in beta testing and the info hasnt been updated since may 2008. I think they are stuffing the cms acct and living off the interest and have no intention of spending it the way its illustrated on the site. pass on this company.
@ G.Quattlebaum: Thank you for your input. I’m sure some people can appreciate your first hand experience with this company.
I’ve learned that it is never good to trust hype and if they haven’t updated the information since months ago like you said, then this is already a red flag.