MyRightAd Review

MyRightAd Review: “AdCentral” based Ponzi scheme

Feb.22, 2013 in 

No information is provided on the MyRightAd website indicating who owns or runs the business.

In the MyRightAd “Privacy Policy”, the company refers to itself as ‘MyRightAd, H.K, a Hong Kong corporation‘.

A search over at Hong Kong’s “Integrated Companies Registry Information” however indicates that no such company exists:

The MyRightAd website is hosted on what appears to be a public hosting server, along with a number of additional websites seemingly owned by different people. All of the hosted websites target an Indian audience so one would assume this is where the owner(s) of MyRightAd are actually based.

Finally, the MyRightAd website domain (“myrightad.net”) was registered on the 28th of June 2012 but the domain registration information is set to private.

As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.

The MyRightAd Product Line

MyRightAd have no retailable products or services. Instead the company requires affiliates to purchase what they call an “AdStation” for $100.

Up to five AdStations in total can be purchased, with each progressively increasing an affiliate’s commissions.

MyRightAd don’t actually go into detail about what an AdStation is, but it appears it is some sort of mobile advertising delivery platform.

In the “Our Advertisers” section of the MyRightAd website, several well-known brand logos are displayed, implying that MyRightAd has advertising agreements with the displayed companies:

No specifics on these advertising agreements are disclosed.

 

Armani
Acer
Blackberry
Bausch & Lomb
Calvin Klien
Canon
Diesel
David Off
Espirit
FILA
FCUK
Gucci
Genesis
HTC
IDEE
Issey Miyake
Jaguar
John Players
Killer
Kenstar
Lamborghini
Levis
Mont Blanc
Motorola
Nike
Nikon
Oxemberg
Olive
Plantronics
Police
Quiksilver
Reebok
Ray Ban
Samsung
Bausch & Lomb
Timberland
Tommy Hilfiger
Unique
Versace
Van Heusen
Woodland
Wrangler
YvesSaintLaurent
ZingLife
Zync

The MyRightAd Compensation Plan

MyRightAd offer affiliates commissions for recruiting new affiliates and for purchasing AdStations.

Recruitment Commissions

MyRightAd directly compensates affiliates on the recruitment of new affiliates into the scheme.

This is done via a binary compensation structure. A binary compensation structure places an affiliate at the top of the structure, with two legs branching out from under them:

MyRightAd.com ensures that each member attains a multitude of income generation channels with unforeseen accessibility and inimitable efficiency. For this reason we bring to the ambit of our members a Compensation Success Plan that purveys four distinct yet bracketed forms of incomes. And as always it all begins with a small step.

Membership

Membership is begotten by the purchase of an AdStation for an amount of $100. The AdStation is called Main AdStation and the validity period of Main AdStation is for 44 weeks i.e. from the placement date of Main AdStation will remains active for 44 weeks, with each weeks’ average income being $6. This weekly income of $6 is not stagnant as would be revealed further.

Additional AdStation Earning

We must keep in mind that each Additional AdStation will cost $100, an amount that remains constant irrespective of the scenario. The validity period of an Additional AdStation is for 44 weeks.

Now the addition of a new AdStation increases the weekly incomes as follows: 
Two AdStation - $7Three AdStation - $8Four AdStation - $9Five AdStation - $10

Thus for a Member holding five AdStations the weekly income for each one of the AdStation is changed to $10. The following illustration describes the above mentioned scenario further.

AdStation	Main AdStation	Additional AdStation-1	Additional AdStation-2	Additional AdStation-3	Additional AdStation-4	Total AdStation Earning
Earning	$6					$6 for 1 AdStation
Earning	$7	$7				$14 for 2 AdStation
Earning	$8	$8	$8			$24 for 3 AdStation
Earning	$9	$9	$9	$9		$36 for 4 AdStation
Earning	$10	$10	$10	$10	$10	$50 for 5 AdStation

Referral Earning

As and when a Member refers another Member for taking Main AdStation or an Additional AdStation under his own sponsor id, the sponsor receives $10 as Referral AdStation Income. This process continues so on and so forth.

Binary Earnings 1:1

To qualify for the Binary Earnings it is mandatory for the Member to refer/sponsor minimum two members 
for Main AdStation under his/her own Member ID i.e. one member Main AdStation at Left Hand Side (LHS) and second one at Right Hand Side (RHS).

The Members must strictly adhere to 1:1 ratio maintenance i.e. for binary earnings it is imperative to make AdStation pairs and arrange members at the LHS and RHS and similarly thereafter.

Note: 
The power side of the Members AdStation will be carry forward for the next day and the daily capping of earning is $1000.

The binary income will start the day you qualify and you will be getting daily earnings as shown in below table:

LHS	RHS	Pair Earning
1	1	$10
2	2	$20
3	3	$30
4	4	$40
5	5	$50
6	6	$60
7	7	$70
8	8	$80
9	9	$90
10	10	$100
11	11	$110
12	12	$120
13	13	$130
14	14	$140
15	15	$150
16	16	$160
17	17	$170
18	18	$180
19	19	$190
20	20	$200

LHS	RHS	Pair Earning
21	21	$210
22	22	$220
23	23	$230
24	24	$240
25	25	$250
26	26	$260
27	27	$270
28	28	$280
29	29	$290
30	30	$300
31	31	$310
32	32	$320
33	33	$330
34	34	$340
35	35	$350
36	36	$360
37	37	$370
38	38	$380
39	39	$390
40	40	$400

LHS	RHS	Pair Earning
41	41	$410
42	42	$420
43	43	$430
44	44	$440
45	45	$450
46	46	$460
47	47	$470
48	48	$480
49	49	$490
50	50	$500
51	51	$510
52	52	$520
53	53	$530
54	54	$540
55	55	$550
56	56	$560
57	57	$570
58	58	$580
59	59	$590
60	60	$600

LHS	RHS	Pair Earning
61	61	$610
62	62	$620
63	63	$630
64	64	$640
65	65	$650
66	66	$660
67	67	$670
68	68	$680
69	69	$690
70	70	$700
71	71	$710
72	72	$720
73	73	$730
74	74	$740
75	75	$750
76	76	$760
77	77	$770
78	78	$780
79	79	$790
80	80	$800

LHS	RHS	Pair Earning
81	81	$810
82	82	$820
83	83	$830
84	84	$840
85	85	$850
86	86	$860
87	87	$870
88	88	$880
89	89	$890
90	90	$900
91	91	$910
92	92	$920
93	93	$930
94	94	$940
95	95	$950
96	96	$960
97	97	$970
98	98	$980
99	99	$990
100	100	$1000

Above shown pairs are AdStations

These two legs represent the start of two teams, with two legs continuing to branch out under every position in the binary (down a theoretical unlimited amount of levels).

For every pair of new affiliates (1 on the left team and one on the right) added to an affiliate’s binary, the company pays out $10.

This commission is calculated daily, with only newly recruited affiliates for the day paired up for commission qualification. MyRightAd’s recruitment commission is capped at $1000 daily (100 pairs).

AdStation Commissions

When an affiliate purchases an AdStation for $100, the company guarantees them a $6 weekly ROI, paid out for 22 weeks (total ROI = $132).

Purchasing additional AdStations (up to a maximum of four) increases an affiliates weekly ROI per AdStation bought as follows:

·         2 AdStations = $7 per AdStation (total ROI = $308)

·         3 AdStations = $8 per AdStation (total ROI = $528)

·         4 AdStations = $9 per AdStation (total ROI = $792)

·         5 AdStations = $10 per AdStation (total ROI = $1100)

Joining MyRightAd

Membership to MyRightAd is a minimum of $100 every 22 weeks.

Conclusion

With the idea being that companies pay MyRightAd to display advertising to members, the legitimacy of the opportunity pretty much hinges on advertising value here.

First and foremost is the fact that it makes absolutely no sense for advertisers to pay affiliates multiple times simply because said affiliates have purchased multiple positions in the compensation plan (AdStations).

There’s absolutely no additional value provided to the advertiser.

And even if MyRightAd affiliate’s were limited to one AdStation each, I’m still going to call into question any advertising revenue agreement between MyRighAd and third-parties.

Why?

With their business model supposedly relying on advertising revenue, MyRightAd’s “Advertise With Us” button (prominently displayed on every page of the website) doesn’t exist:

Even if an advertiser wanted to advertise on MyRightAd, they can’t.

Then of course there’s the question of “why do affiliates have to pay MyRightAd to watch supposedly already paid for advertisements?”

Far more likely a scenario is that MyRightAd simply takes money affiliates pay the company and uses it to pay out liabilities owed to existing investors (affiliates who have previously purchased AdCentral(s)).

This of course would make MyRightAd a Ponzi scheme.

Supporting this is the fact that MyRightAd do not offer refunds on money affiliates pay to them:

Is my $100 membership payment refundable?

Answer: No your payment is not refundable.

Why is it not refundable? Because the second you pay MyRightAd your $100, they use it to pay off weekly ROIs owed to existing affiliates.

Despite the claim on the MyRightAd website that it’s not an investment scheme,

Your membership fee is NOT an investment. It is important to note here that this is not a get rich quick scheme.

several sections of the MyRightAd website refer to commissions as investment returns:

Not surprisingly, MyRightAd isn’t the first Ponzi scheme to originate out of India using “AdStations” as a cover.

Back in June 2011 “AdMatrix” launched offering affiliates $10 a week for two years if they bought a $240 AdStation.

By September 2011 AdMatrix had collapsed.

In November 2011 “LocalAdClick” guaranteed investors a ROI of $12.50 to $50 a week if they purchased AdStations ranging in price from $150 to $500.

Around June 2012 LocalAdClick affiliates began reporting missed ROI payments.

In February 2012 “UniVideo2U” launched, guaranteeing investors $10 every 10 days if they watched ads through an “AdStation” that cost $100.

I’m not sure when exactly it collapsed, but at the time of publication of this article the UniVideo2U domain is defunct.

At the end of the day it doesn’t matter what you call your Ponzi scheme cover or how you market it. If you’re offering ROIs paid out of new investor money sooner or later that money is going to run out and your scheme will collapse.

MyRightAd is no different.