One of the more popular online “income opportunity” trends over the last few years has been what are called RevShare Programs, with RevShare being short for revenue sharing.
Revshares have taken a number of different forms over the years, claiming to share revenue on anything from auction bids to internet advertising. The reality of revshares is that they are simply pyramid/ponzi scams that are guaranteed to fail in the end. They offer products or services that are of minimal value to the majority of participants and exist only to throw authorities off long enough for the revshare to run its course and for the owners and top promoters to cash in big time.
Let’s take a quick look at just a couple of the most recent popular revshares and see what happened or what’s happening with them.
Zeek Rewards: This was a penny auction revshare started by Paul Burks and started in early 2011. In a nutshell Zeek was launched under the premise of providing participants a fixed 125% ROI on their spend. Over time, they tried to play word games to hide the fact that it was a pyramid and ponzi scheme. The authorities weren’t fooled and the SEC eventually stepped in on August 17, 2012 shutting the scam down. Burks is now in prison as are some of the others who helped run the scam. As of today(3/12/17), the receiver is still trying to pry money away from some of the promoters who profited.
Traffic Monsoon: Launched by Charles Scoville in October, 2014, Traffic Monsoon was an internet advertising revenue share that provided people with a 110% ROI on their advertising purchases. This scam had its funds frozen by PayPal in early 2016 followed by SEC actiona against them on July 26, 2016. The case is still in the early stages and has not fully played out yet.
MyAdvertisingPays: Yet another alleged internet advertising revshare, MAP was launched in late 2013 by Michael(Mike) Deese and operated with some issues until September, 2016 when they claimed their credit card processor had decided to “place a hold on our USD Reserve Fund, limiting our ability to transact business and greatly hindering members profit share distributions.” MAP was offering a 120% ROI to its users on their purchase of “credit packs” used for advertising on the site. After at least one failed attempt at relaunching MAP, it has now morphed into The Advertising Platform(TAP). TAP offers a 110% ROI and we’ll just have to wait and see how long it will take to collapse.
Countless revshares have come and gone over the years, all either collapsing under their own financial obligations, getting shut down by various authorities, or simply pulling the plug and disappearing on their members. Due to their structure, these are the inevitable ends of every revshare past, present, and future.
Anyone who is considering joining a revshare needs to take a step back and really take note of the complete senselessness of the business model.
Whether guaranteed or implied, all revshares that gain any momentum promise greater than 100% ROI on whatever product or service they are allegedly selling. Think about that for a second. No matter how long it takes to earn that ROI, each and every sale creates additional debt for the revshare. How is this good business?
Even if you believe the B.S. that the scam owners often spew about having outside revenue sources, why would any business owner use revenue from a separate revenue generating operation to prop up something that is a guaranteed money loser?
If a product or service is worth the money being charged for it, there is no need whatsoever to have a pyramid/ponzi setup in revshare form. If they are selling advertising and it works, the results from the advertising alone should be enough to keep customers happy and purchasing. The profits made by the owner can then be used to improve company performance and grow the enterprise. No honest, intelligent owner is going to have every product sold create a liability.
Another thing you’ll notice if you are doing some due diligence on a revshare is that in almost every case, the owner has a history of either participating in or running shady schemes. Most likely, everything on their resume has already collapsed and disappeared. In the schemes mentioned above, all three owners meet that criteria.
Do yourself and the world a favor.
Don’t sell your soul hoping for easy money.