Biznet Review – Is This A Good Opportunity Or Big Scam?
In the last few weeks, Biznet has been getting a lot of attention in the network marketing circles.
With all this hype, I am sure you have seen some of your friends trying to sell Biznet in your social media feeds.
The first thing you need to know is that I am NOT an affiliate or distributor for Biznet.
I wanted to gather all the information about Biznet in my Biznet Review in order for you to make a decision about joining Biznet.
Is Biznet legit or a scam?
Will it be able to deliver on it’s promises to you?
Let me show you in my unbiased review of Biznet.
Read on to find out what you need to know.
What The Heck Is Biznet?
Looking through BizNet’s official website, it’s easy to see that the company’s main area of focus lies within the nice of cryptocurrency. Alexander Chebotarev and Grigory Shemet are listed as the two co-founders of BizNet, with Chebotarev serving as the Technical Director and Shemet having the title of Marketing Director.
Aside from the mention of these two men throughout marketing material for BizNet, I wasn’t able to find any additional info on either person.
The domain name for BizNet’s website (biznet.pw) was initially registered last year on March 1, 2016. However, it was then updated on January 11, 2017. The owner is listed as “Grigoriy Shemet” and an address in Saint Petersburg, Russia is also provided.
BizNet’s website is being hosted in Belize, and for those of you that have followed the MLM world for some time, you’ll know that this is often home to many schemes/scams because it’s seen as a tax-haven.
Something else that’s worth noting is that BizNet Group LLC was supposedly incorporated in the United Kingdom earlier this year on March 20, 2017.
The two directors are listed as “Oleksandr Chebotarov” and “Grigory Shemet”, with Chebotarov using an address in the Ukraine and Shemet associated with the same Russia one found with the domain name registration.
It’s readily apparent that BizNet doesn’t have any real physical presence in the United Kingdom. and as such, BizNet Group LLC is operating as just another shell company.
What Are The Biznet Products?
In regards to its product line, BizNet simply does not have one.
You won’t find any goods or services being sold to retail customers, and as such, there’s no chance for any retail sales activity to take place.
The only thing that affiliates have to offer is the affiliate membership itself, and the biggest draw to this is the income opportunity that all affiliates have access to.
What About The Compensation Plan For Biznet?
If you decide to join BizNet as an affiliate, you’ll be asked to invest a minimum of $25 into the company to get things started. Upon doing this, you’ll then be eligible to start earning a monthly ROI.
The rate of the ROI that you earn is dependent on how much you actually invest, and when it comes to the ROI payouts, BizNet divides everything up between forex activity and cryptocurrency trading.
When it comes to cryptocurrency trading, the offered tiers are as follows:
- Standard — Affiliates that invest $25 or more receive a monthly ROI of 15%
- Ultra — Affiliates that invest $3000 or more receive a monthly ROI of 21%
- Ultimate — Affiliates that invest $10,000 or more receive a monthly ROI of 27%
Referral commissions are also available to earn on, with BizNet paying these commissions out through a unilevel system.
There are numerous affiliate ranks to progress through, and as you obtain higher ranks, you can earn more and more on the offered residual rates.
Typical of many opportunities along these lines, higher ranks are obtained by investing more and increasing the amount that’s invested throughout your downline.
What’s The Cost Of Joining Biznet?
If you’d like to join BizNet, the affiliate membership itself is free. However, if you’d like to start earning throughout the compensation plan, you’ll need to make an investment of at least $25. In this case, choosing to invest more will increase your earning potential.
So, Is There A Biznet Scam Going On?
Have you been hearing rumours that Biznet is a scam?
After reading this review, you might still be asking yourself if it is really legit.
So – what is the truth? Is there really a Biznet scam going on?
If I am being perfectly honest, Biznet isn’t entirely a scam.
However, there are some things you need to watch out for.
This is how you will be successful in online marketing. See the image below for details.
Finally, My Biznet Review And Conclusion!
There are numerous marketing videos scattered throughout BizNet’s website to try and prove that there’s real activity happening for its forex and cryptocurrency trading, but in reality, these videos don’t hold any real world value.
The big issue here is that the monthly ROIs being paid to affiliates don’t lone up at all with trading activity that’s taking place with affiliates.
And, along with this, the whole business model being touted here just doesn’t make any sense.
If Alexander Chebotarev and Grigory Shemet did actually come up with a system that allowed them to generated regular ROI payouts of 27% each month, why would they bother asking other people for investments? Why not take out a small loan and become two of the richest people in the world?
When something sounds too good to be true, that’s because it usually is.
In reality, newly invested funds in BizNet are turned around to pay off existing members. As such, we end up with nothing more than yet another Ponzi scheme.
Chebotarev and Shemet will be the only individuals to earn anything of real value, as most affiliates that join are guaranteed to lose out. This is the story of most Ponzi setups, and there’s no reason why BizNet will be any different.
I really hope you have gained value from my Biznet Review.
I wanted to make sure you had all the information you needed, because most other Biznet reviews are just trying to sell you something.
If you really do decide to join Biznet, I want you to succeed with your business. Learn how to market yourself properly!
My training can help you make money online!