MyAdStory Review – Is This A Good Opportunity Or Big Scam?
You may have noticed that MyAdStory is getting a lot of hype and attention these days.
You might have had some friends in Network Marketing approach you about MyAdStory, or you may have seen it on social media.
I want to let you know, first of all, that I am NOT promoting MyAdStory as my own business opportunity. I am not an affiliate or distributor.
I have gathered here all the facts about MyAdStory in my MyAdStory Review – now you can learn all you need to know about it.
Is MyAdStory really a legit business?
Is MyAdStory a safe business to join?
Let me show you in my review of MyAdStory.
Exactly What Is MyAdStory?
The latest company in the world of multi-level marketing is that of MyAdStory, and right off the bat, we’re met with something that’s less than desirable to see.
When looking at the company’s official website, it doesn’t take long to notice that there’s no information clearly listed in regards to the ownership or leadership of the company.
This poses are a rather big issue for us, and it comes with solid reasoning.
With any sort of MLM opportunity, you as the investor will be expected to throw in some amount of cash in order to start earning ROIs and commissions with the company that you’re investing your money into.
When you invest your hard-earning money, you have the right to know exactly who and where that money is going to. When a company, like MyAdStory, doesn’t list on their website or owns or runs their company, it creates for a pretty big feeling of hesitation.
Why on Earth did they decide to withhold this info? Is it a simple mistake on their part, or is there something going on with their company that they don’t want to be easily tied to it?
More times than not, the reasoning is that latter of those two possibilities.
The domain name for the company’s website was first registered back on October 13th of 2015, but unfortunately, the domain was set to that of a private state. Because of this, we are not able to see who or where this domain name was registered.
However, if we do a bit of further digging, we are able to find a closed Facebook group that houses 10 total admins. The names of these admins are Mahmound Cherif, Imen Tounsi, Laetitia Lechuga, Gaetane Charron, Sahar Jalouni, Luis Castillo, Nords Swaby, Muhammad Tariq, Matt Webster, and Becem Cherif.
Additionally, back on March 26th, Luis Castillo posted on Facebook that Mahmound Cherif is the owner of the company. Cherif himself is based somewhere out of Canada, and believe it or not, this does actually match the location that’s listed for MyAdStory’s official Twitter account.
As for Cherif himself, MyAdStory is certainly not his first rodeo into the world of MLM. Prior to his time here, Cherif was involved with OwnMatrix, GetEasy, Global Mobile Network, and Visalus. When looking through his past ventures with these other MLM opportunities, it doesn’t take long to see that he has a tendency to get involved with companies in the underbelly of the MLM world.
For those who aren’t familiar with the term, the MLM underbelly often refers to MLM companies who operate as Ponzi, pyramid, and cash-gifting schemes.
From what we have been able to tell, it looks like Cherif first got involved with MLM underbellies back in 2014, and MyAdStory looks to be the first time that he has ever been an admin.
What Is The MyAdStory Product Line?
In regards to their product line, there isn’t much to talk about. This is because MyAdStory does not have any sort of product line in place to speak of.
One an affiliate does sign up for the affiliate program that MyAdStory is advertising, they are given the opportunity to invest in the company’s “ad-packs.” Investing in these ad-packs in necessary in order to earn the available commissions, and they also come bundled with a host of advertising credits that allow affiliates to place their own ads on the official MyAdStory website.
This is a trend we’ve seen time and time again with other MLM opportunities, and it’s never a good one.
When we have a combination of no product line and bundled ad credits with the affiliate membership, we’re often left with nothing more than a Ponzi scheme. However, in order to determine whether or not that’s the case for MyAdStory, we need to take a look at the compensation plan that the company has set in place.
What Can You Tell Me About The Compensation Plan For MyAdStory?
When an affiliate for MyAdStory invests their cash into one of the company’s ad-packs, they are promised a return on their investment. However, the actual value of that ROI is entirely dependent on the type of ad-pack that an affiliate decides to invest in.
The first option, Ad-Pack Plan 1, sees that affiliates invest $1 in exchange for a $2 ROI.
Additionally, affiliates can opt to invest into the Ad-Pack Plan 2. Here, an investment of $50 comes out to an ROI of $62.50.
There are a few notable requirements that come along with these commissions though.
First of all, 50% of money earned with Plan 1 and 40% of earned income with Plan 2 has to be reinvested back into MyAdStory. Secondly, affiliates need to make sure that they click on the advertisements of other affiliates on a daily basis in order to stay eligible to earn the commissions that are being offered.
MyAdStory also offers referral commissions, and these are paid out through the use of a unilevel payment system.
The company places a payment cap on the first 3 levels of recruitment, with the first level earning 8%, the second level 2%, and the third level just 1%.
What Will It Cost To Join MyAdStory?
If you’d like to join MyAdStory, the initial membership is free. With that said, an affiliate must invest in at least one of the Ad-Packs that MyAdStory offers in order to start earning commissions within the company.
The minimum investment amount in that case would come out to just $1 if you purchased the Ad-Pack Plan 1, but in the case of MyAdStory, the more you invest is directly correlated to how much you could potentially earn.
Is MyAdStory A Scam?
If you have heard that MyAdStory is a scam, then you’ve come to the right place to find out the truth.
What’s the truth – is MyAdStory a scam?
I would say not exactly. However, there are some things to be aware of before joining, which I have detailed in the conclusion.
You will only be successful by recognizing the weaknesses and finding a way to move past them.
Conclusion For My MyAdStory Review
In the case of MyAdStory, we’re looking at something that’s pretty cut and dry.
With no product line to speak of, MyAdStory doesn’t have any source of reputable income aside from the investments they are getting from their affiliates.
The company bundles advertising credits when an affiliate invests their cash for an ROI, but these hold little to no substance.
MyAdStory is paying out an ROI on these investments, and they use the past investments from new affiliates to pay off existing affiliates’ ROIs.
As a result of this, MyAdStory is operating as a classic Ponzi scheme.
Despite MyAdStory’s attempts at claiming that their business model is completely legal, there’s nothing legal about using the investments of other affiliates to pay off existing dues you owe to other affiliates.
As with all other Ponzi schemes that we’ve seen, MyAdStory will cease the exist the second that recruitment dies down. When this takes place, the company will be completely unable to pay the ROIs that they owe, and as a result, MyAdStory will simply cease to exist at all.
I definitely hope you have found value in my Review of MyAdStory.
I went into a lot of detail so that you can make a proper decision about whether you want to join or not.
If you do decide to proceed with MyAdStory, make sure you take the time to learn how to market yourself!
My training below can help you with that.