Prime Ad Club Review: Good Program Or Fat Scam?

Posted by Vince in Not Recommended | 0 comments

I have a love-hate relationship with social media. I like that it connects me to old friends, helps me find new ones and it makes communication easier (gone are the days when you panic after losing someone’s phone number). But on the other hand, it’s now easier for scammers to lure in people. Sometimes, news feed spamming gets so bad, I end up un-friending two or three people even before I had time to finish my morning coffee.

What am I getting at?

High yield investment programs (HYIP) such as Prime Ad Club rely on Facebook and other networks to ‘spread the word’.  You end up getting bombarded with “How are you?” messages from people you haven’t seen in years only to find out they’re merely inviting you to ‘invest’. Well, that’s a bummer.

WHAT IS PRIME AD CLUB?

 It’s another HYIP offering ad packs for products. With this set-up, you’re given the chance to earn more than one way. Anyway, to make the long story short, programs such as this shares the revenue equally among investors.  Where does the revenue come from? New members. That’s right. As long as people keep on signing up and buying ad packs, money will keep pouring in.

What else do you need to do? Traffic exchange. Every day, you need to click on at least 10 ads and in the same fashion, you’ll also receive clicks. Is there value to this? Nope. That’s pretty much like asking your friends to check on your website – you get visitors but likely, zero conversion. And when we apply that logic to sales, it’s not good for the business.

THE DARK SIDE

If you’re still not convinced that this is just a Ponzi scheme, you should also be aware that most of these operate from offshore bases. If anything goes down, you have no way of going after them. But even if they’re based in your neighborhood, they have no refunds so the best way is to say goodbye to your hard-earned money.

Another thing about HYIPs is that their basic premise is making money by spending money. Yes, it’s free to join. No, you’re not going to earn a single cent unless you start buying the ad packs. Investment in revenue sharing starts at $2. That’s not bad in comparison to other similar programs with higher prices.

VERDICT:

You can call it HYIP or whatever you prefer, but I would not recommend it. Investopedia even refers to them as “prime bank scam.” To be fair, there’s earning potential if you know how to play the revshare game. I know people who enjoy the thrill of this particular venture. Of course, it would also help if you have money to burn. But if you’re looking for serious money-making opportunity, this is not it. It’s a lot like gambling because you don’t know when it will pay out and if there will even be a payout. Joining this will be at your own risk and it’s very high. If you want to invest in something sustainable and will not only be around for a few months, HYIP is not one of them.