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What Is eComelize? Rehash Of Notorious Cryptoscam?
Welcome to My eComelize Review!
A few weeks ago, I talked about a potential Ponzi scheme called Dagcoin and how it’s connected with a famous crypto scam called OneCoin. Reports suggest that this pyramid scheme has been ceased but is still operating, perhaps under a new name.
eComelize Review Summary
Founders: Jan-Eric Nyman
Product Type: Multi-Level Marketing
Price: $553 to $3,152 For The Membership Fee
Quick Summary: Typical pyramid scheme -- eComelize disguises its true intention by positioning itself as a multi-level marketing (MLM) brand. However, it’s not sustainable like the legit networking model and worse, it’s related to OneCoin, a controversial Ponzi scheme that made headlines.
Overall Rating: 1/10
That being said, it’s crucial to do a background check of every opportunity you are interested in to avoid being scammed, especially if it sounds too good to be true.
In this post, we’ll talk about one of the most controversial pyramid schemes rehash called eComelize.
What Is eComelize About?
“We want to be different so you can start for free and earn money right away!” -- that’s what eComelize is about… or so they say.
I’ve been working for a long time now and neither I nor any of the people I know have started earning money right away. Even gurus and experts suggest that it takes time and skills to make an income so if any program claims this, it’s almost 101% scam.
So what is eComelize about?
Like iPro Network and Doubleway, it positions itself as a network marketing company, promoting a cryptocurrency program.
It was founded by Jan-Eric Nyman, who’s been involved with another MLM company called Unaico SiteTalk and OneCoin -- the controversial scam we’ve been talking about above. He was a part of the dev team and has worked with Duncan Arthur (founder of OneCoin) even when the crypto scam has been shut down. Apparently, the two rebranded it as Bycoi.
However, Arthur served Nyman a cease and desist order a few weeks after Bycoi had operated. This is because OneCoin’s founder believed that Jan-Eric was cloning his business design for his eComelize platform.
eComelize Product Line
Like other pyramid schemes disguised as multi-level marketing brands, there are no products to talk about. It may seem like you’re about to promote something valuable but in reality, all you can do is buy into their membership, recruit people, and expect them to do the same.
Sadly, many people still fall into this trap, spending tons of money, hoping that they will earn a big return in a short time.
Think of it: the only way for you to earn is by recruiting people. So what if you’re not able to invite friends, families, or even strangers to join the program? How will your “investment” grow? The answer is -- it will not.
Once the recruitment stops, so is the chance for you to make money.
How To Make Money With eComelize?
Before getting into their platform, you need to pay for a signup fee. Well, they do offer a free plan but you are only eligible to earn commissions if you pay for their package, ranging from $553 to $3,152.
After signing up, you have to recruit people and encourage them to buy into the membership fee so you can earn a 10% commission.
Like typical pyramid schemes, you’ll follow a certain structure. As for eComelize, they have a binary compensation plan, which requires you to place two downlines under you -- one on your left leg and the other on your right.
The first level of your downline will invite people and place two invites on each leg; the second level will recruit and place four invites on each leg, and so on until a pyramid has been formed.
Here’s a quick video you can watch to learn how a binary compensation plan works:
It’s good if you’re on top of the pyramid because even if there are indirect recruitments, let’s say your recruit’s recruit, you can still earn a commission. However, if you’re on the bottom, it will take time for you to earn unless you’re extremely good at inviting people.
Even so, the ones on top of you will have more money even if you’ve exerted more effort.
I just want to clear something. I’m not a fan of MLM but there’s definitely a huge difference between this business model and a pyramid scheme. I know most people think that networking and Ponzi schemes are the same but it’s not.
For one, an MLM has legit products and/or valuable services. This may include but not limited to weight loss coffee, skin care products, training, and mentorship. In short, members can earn retail commissions from selling these.
In MLM, you will be required to invite people so you can earn an additional commission but you will not be compensated directly. Instead, you will earn commissions based on the sales that your downline makes.
Pyramid schemes, on the other hand, will ask you to spend on their platform and encourage your invites to do the same so you can earn from them. It’s not sustainable. It’s illegal. And it’s something you should ignore immediately.
Is eComelize A Scam?
Obviously. There are too many red flags and to say that it’s NOT a scam is a big lie.
First of all, it says that you’re going to make money right away but in reality, there’s no such thing. You have to work -- hard or smart -- whatever you want. You can apply for multiple jobs or improve your skills so people can pay you for it.
But you cannot make money by simply buying into a program without doing anything.
Second, there are no products. No valuable or digital services, such as eBooks or coaching. The only way is to recruit and again if you cannot invite people, then how else are you going to get your investment back?
Third, another obvious sign is the founder. Jan-Eric Nyman. You’ll find almost nothing about him except some photos and an unupdated Twitter account. While we know he’s a real person, how can you reach him in case you have any concern, like once you got scammed.
While there are contact details, I bet it would be challenging to reach them. Their social media accounts, like Facebook, Twitter, and LinkedIn are either not updated or do not exist anymore.
Quoting Federal Trade Commission (FTC), pyramid schemes “promise consumers or investors large profits based primarily on recruiting others to join their program.”
Now if this doesn’t convince you, I don’t know what else will.
On their homepage, it says that you can start for free. Yes, that’s true; however, you will only earn if you “invest” or buy into their membership fees. The catch is, the higher the package you choose, the bigger the income you might get.
For me, this is one way to trick their members into putting more cash into their platform and remember, recruitment equals income. So, no matter how expensive the membership fee is if you can’t invite anyone to join the program, then you’re not going to get any cash.
Anyway, for the benefit of the doubt, here are the following packages that eComelize offers:
- eComelize Free
- eComelize Lite 490 EUR (around $553)
- eComelize Basic 990 EUR (around $1,118)
- eComelize Plus 1970 EUR (around $2,226)
- eComelize Advanced 2790 EUR (around $3,152)
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Who Is It For?
This is not for anyone.
If you want to invest, talk to a financial expert or go to your bank. They can provide you options where you can put your money if you want it to grow.
Otherwise, you can try legit multi-level marketing companies if you’re really into selling and recruiting. This business model is more challenging compared to the others but there are still brands that are ethical and lucrative.
You can also try our top-recommended program if you want to remove the hassle of inviting people.
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eComelize is another threat that should be stopped. It has many red flags but for sure, many people will still fall for it. It may not be their fault though because who doesn’t want to earn easy cash?
So, maybe what we can do is spread the word.
eComelize sounds like an easy way to make money but it’s not how it sounds. You need to recruit people so you can earn commissions and if you’re not able to invite, your invested cash, no matter how big it is, may disappear in a snap.
Also, since it’s not a stable business model operating illegally, it might shut down anytime and this can happen whether they’ve already paid you or not. Are you willing to take that risk?
If you’re done with low-quality or pyramid schemes that don’t just waste your money but also your time, I suggest that you turn away from it now and go for a legit program -- like our #1 recommended platform.
- Training resources
- Webinars to help you start your business online
- One-on-one coaching
- Comprehensive guide
- And many more!
Thank you for reading my eComelize review! If you have questions or comments, please feel free to share it below.