Riseoo Review – Is Riseoo a Scam, Ponzi in Disguise?
Welcome to my Riseoo review. Is Riseoo a scam, or is it "the stable source of income" that you can finally depend on?
When I first took a look at the Riseoo website, I was happy with the fact that the company had real owners. The website also looked professional in terms of design, and they had blog articles that were press releases from reputable companies.
Initially, it looked like this was one of the better make money online opportunities.
However, when I saw what was under the hood, and how the company works, and their compensation plan, I had some second thoughts.
Are you thinking of joining the Riseoo MLM business? Congratulations on taking the time to do your research before you go all-in with this particular opportunity.
There are tons of scams online. But on the other side of the coin, there is a legit way to making money online.
Before I get started with this Riseoo review, let me inform you that I am not an affiliate for the Riseoo business.
I am here to help you make an informed decision on whether or not it's the right business fit for you.
WHAT IS RISEOO ALL ABOUT?
Riseoo is marketed as a new-age affiliate marketing MLM company. Basically, as an affiliate for the company, you would earn commissions on the products they sell, and the way in which you make the money is via their MLM-type compensation plan.
It's a different take on the true affiliate marketing business model. With affiliate marketing, you simply earn a commission on other people's products and services. You are not just restricted to one companies' product lines but can market as many companies' products that are in line with your niche.
The other key difference is that with true affiliate marketing, you do not have to recruit, as opposed to with MLM(multi-level-marketing) companies and as the case with Riseoo. I will show you how their comp.plan shortly.
Riseoo deals with cryptocurrency too.
The Riseoo website lists two addresses for the companies headquarters. One is in Dubai and the other in Utter Pradesh, India.
WHO ARE THE FOUNDERS OF RISEOO?
The company is owned and founded by Vaibhav and Kshitij Adhlakha. Vaibhav is the current CEO and Kshitij is the COO.
According to the official Riseoo website, they both have over 10 years of experience within multiple industries.
Learning from their Linkedin profiles, they are founders of a Cyber Security firm called Secugenius, which was apparently accredited as one of the top 5 security companies.
In 2017, they launched Quickx, which is blockchain technology that performs transactions off the chain for these assets. They incorporate products such as wallets, mining watches, and crypto to fiat payment gateways.
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WHAT ARE THE RISEOO PRODUCTS?
This is where it starts to get interesting. I noticed that there are no products for sale on the Riseoo website.
It's not the case with Riseoo.
Instead the company features a global marketplace, as 'the main product,' that offers different levels of membership to it's customers.
And this is a potential red flag.
If it's only about making money via membership enrollments, then the company can come on the radar of various MLM watchdog authorities.
But let's take a closer look at what this marketplace is all about.
WHAT IS EAZME ALL ABOUT?
Eazme is marketed as "a one-stop and crypto-friendly Global marketplace.''
Eazme is basically a loyalty program. One where folks can earn rewards and cashback on various purchases.
The rewards are paid in fiat or crypto.
The Eazme platform supposedly offers :
- 100,000 + Merchants
- Travel Incentives
- Minting Contracts
- Eazme Mall(featuring unique and patented products)
Shopping from any of the merchants gives you a 20% cashback.
Booking travel packages give you a 10% cashback.
And with the minting contracts, you can get up to 18% rewards.
Eazme is not fully free of charge e-commerce platform. The basic membership is free.
There are two other paid Eazme memberships from which you can earn commissions.
Paid Eazme memberships are :
- Saver Eazme - $49
- Super Saver Eazme - $99
However, even if you wish to make money on just the free Eazme option, you still would have to pay for a Riseoo business license.
And I am going to show you what the different fees are next.
HOW MUCH DOES IT COSTS TO JOIN RISEOO?
Your first purchase would be a Riseoo business license which costs $29.99. This license is valid for one calendar year after which you have to renew at $19.99.
You cannot earn any commissions on the business license. In order to earn via their compensation plan, you would have to register as an iRap(Independent Riseoo Affiliate Partner.)
Costs to Join :
- Starter Package: $200(125 BV - Bonus Volume)
- Professional Package: $400(250 BV -Bonus Volume)/Free Saver Eazme
- Premium Package: $700(440 BV - Bonus Volume)/Free Super Saver Eazme
These packages would allow you to use Riseoo’s web-based resources and it provides you with the tools necessary for sales presentations and online sales.
HOW TO MAKE MONEY WITH RISEOO- THE RISEOO COMPENSATION PLAN
You earn commissions when anyone you introduce to the company makes a purchase on any of the three Riseoo membership packages.
Commissions are paid out in United States Dollar or INR-Indian Rupee.
You can earn via these types of bonuses included within their compensation plan:
- Referral Bonus (5%-25%)
- Top-Up Referral Bonus(Up to 10%)
- Cycle Bonus(10%-16%)
- Matching Cycle Bonus(10levels, 5% each level)
- Rank Advancement Bonus
- Tesla car program
- Global Bonus pool(1%)
Are earned on any new iRAP(Independent Rasoo Affiliate Partner) you introduce to the company.
In the example they gave, you can 10% of the professional package($400), which is $40.
To earn a referral top-up bonus, you would need to have a certain amount of personal BV.
To qualify for a 5% bonus, you need 750+ BV and to qualify for a 10% bonus, you need 1,500 BV or your downline must complete 20 Team cycles.
When the bonus volume on Side A and Side B of your downline reached 250, you have completed one cycle.
Depending on what rank you are within the company, you can earn $25-$40 per completed cycle.
RANKS WITHIN THE COMPANY
There are 13 Ranks within the companies compensation plan.
- Red Star
- Green Star
- Blue Star
- White Star
- Black Star
- Gold Star
- Golden Phoenix
- Diamond Phoenix
- Alpha Centauri Club
MATCHING CYCLE BONUS
As you ascend the various ranks of the company, you receive a matching cycle bonus on deeper levels in your Enroller tree.
It unlocks at 5% at each level
RANK ADVANCEMENT BONUS
From the Black Star level and upward, you qualify for a rank advancement bonus. It starts from $500 all the way to $100,000.
TESLA CAR PROGRAM
From the Mercury level to the Phoenix, you are within the companies leadership phase and qualify for the Tesla car program incentive. You can get paid up to $2,000 per month toward the car.
GLOBAL BONUS POOL(1%)
From the Golden Phoenix level, you can earn shares from the companies total global profit.
WHAT I LIKE ABOUT RISEOO
They have real owners.
WHAT I DO NOT LIKE ABOUT RISEOO
No income disclosure
Membership packages are expensive
Commission on packages are low. (e.g. professional package commission is $40)
Have to recruit to earn the higher paychecks.
IS RISEOO A SCAM? MY PERSONAL OPINION
By simply taking a look at their compensation plan, it's evident that bigger paychecks or more money can be earned by ascending the ranks of the company.
And to do this, one would have to spend a great deal of their time and effort in building their team. In other words, recruiting.
If this is the core focus of the members of the Riseoo organization, then Riseoo can be seen in the light of a Ponzi scheme.
A Ponzi scheme, is one where it lures investors and pays profits to earlier investors from the more recent investors.
I would have liked to have seen what average iRap's are making. Unfortunately, the company does not have an income disclosure.
Personally, I would advise one to exercise caution when it comes to the Riseoo Business opportunity.
RECRUITING IS NOT THE ONLY WAY TO MAKE REAL MONEY ONLINE
Building a strong multi-level marketing business may not be everyone's cup of tea. I believe it requires skills and one should have a fair understanding of sales and marketing.
Everybody is different. They often say for an MLM model to work, one needs to ‘duplicate themselves.’
This is why I believe that multi-level marketing can be challenging. You are depending ON every member within your team to be as passionate, enthusiastic, skillful as you. It’s not always possible.
The good news is that you can build a business without having to recruit a single person. You don't have to go out there and cold-call people.
You can start as a complete newbie. You do not even need any sales experience
You can build a business based on your own passion, hobby, or interest. You can work in your own time. It also offers you the awesome benefit of earning a passive income online
It would be my pleasure to introduce you to this business model. I've been using it for five years. Let me help you to get started. Simply click on the link below to learn more
Thanks so much for joining me on this Riseoo review.
I hope that it has helped you out.
Have you tried MLM before? How did it go? What was your experience like?
Looking forward to hearing from you.
Wish you everything of the best in your online success,
Kind Regards and Take Care