BizNet Review – Huge Scam Or Legit System?

BizNet ReviewIf you’ve been paying attention lately, you’ll notice that BizNet has been getting a lot of hype.

Because it’s new, it’s getting a lot of buzz and if you’re in an online business, I am sure someone will push it on you at some point.

It’s especially popular on social media at the moment.

I do want to let you know that I am NOT affiliated with BizNet as a member or distributor.

My goal is to gather all the facts in one place for you so you can do your research – and it’s all here in my BizNet Review.

Is BizNet a legit business, or is it a complete scam?

Will I be able to build a business with it?

I tell you all about it in my Review of BizNet.

Read below to find out more.

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What Is BizNet?

BizNet exists within the niche of cryptocurrency and forex, and on its official website, the company states that its co-founders are Alexander Chebotarev and Grigory Shemet.

Along with each one serving as a co-founder, Chebotarev is also BizNet’s Technical Director while Shemet acts as the Marketing Director.

Although both Chebotarev and Shemet are mentioned in marketing material for BizNet, I wasn’t able to find any MLM, cryptocurrency, or forex histories on either of the two. This is quite odd to say the least, and while there are profile pictures for both Chebotarev and Shemet, it begs the question as to whether or not these are actually real people.

The domain name for BizNet’s website was originally registered last year on March 1, 2016, but it was updated at the beginning of this year on January 11, 2017. Shemet is listed as the owner for the domain, and there’s also an address provided in Saint Petersburg, Russia.

BizNet’s website is being hosted somewhere in Belize, and it’s also worth mentioning that BizNet was apparently incorporated in the United Kingdom on March 20, 2017.

Chebotarev and Shemet are listed once again as the two Directors for BizNet, with the former using an address in the Ukraine and the latter using the same Russian address found with the domain name registration.

Seeing as how BizNet doesn’t appear to have any physical presence throughout any part of the UK, it would seem that BizNet Group LLC is nothing more than a shell company in the country.

BizNet Scam

What Products Are Being Sold?

In regards to its product line, BizNet simply doesn’t have one to speak of.

There aren’t any goods or services being sold to retail customers, and with this lack of retail sales activity, affiliates are left with only the affiliate membership to offer to folks that are interested in joining a new income opportunity.

Info On The BizNet Comp Plan

Should you choose to join BizNet as an affiliate, you’ll be asked to invest at least $25 in order to start earning a monthly ROI.

The investment plans with BizNet are split between both cryptocurrency trading and forex activity, and the breakdown for those is as follows.

With cryptocurrency trading, affiliates are given access to the following plans:

  • Standard — Invest at least $25 and then earn a monthly ROI of 15%
  • Ultra — Invest at least $3000 and then earn a monthly ROI of 21%
  • Ultimate — Invest at least $10,000 and then earn a monthly ROI of 27%

For the forex activity, affiliates are asked to invest a minimum of $25 so they can then earn a set monthly ROI that varies between 20% and 30%.

In addition to this, affiliates are also given access to referral commissions.

Referral commissions are paid out when recruiting more and more people into BizNet, and this money is paid via a unilevel system.

The amount of money that you earn from referral commissions is dependent on the amount you personally invest and how much money is invested throughout your entire downline, so in order to maximize your earnings, you’ll need to invest more and recruit others to do the same.

What Will It Cost Me To Join BizNet?

If you’d like to give BizNet a spin, the affiliate membership is free to start out with.

However, in order to start earning with the company, you’ll need to invest $100 or more. In this case, investing more will allow you to potentially earn more throughout the comp plan.

Any Truth To The BizNet Rumours?

Any time a new business opportunity launches, you will always hear rumours about them being scams – so is BizNet a scam?

From reading above, you might already be thinking BizNet is a scam.

So, is it?

Is there a BizNet scam, or is it legit?

To be honest, BizNet isn’t a complete scam.

However, there are some red flags to be worried about, which I discuss in the conclusion.

See my tips below for helping to make money.

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And Now, My BizNet Conclusion

Despite claiming that its able to generate funds through forex and cryptocurrency trading activity, BizNet fails to provide any proof that this is truly taking place.

The company has marketing videos that are supposed to act as proof, but BizNet still doesn’t manage to directly tie the monthly ROI payments to this trading that’ supposedly happening.

Not only that, but the whole setup for BizNet just doesn’t make any sense.

Assuming that Chebotarev and Shemet were actually able to create a system that paid a consistent monthly ROI of 27%, why would they then seek out investments from other people? Why not keep the system to themselves, take out a small loan, and become two of the richest people in the world?

In reality, the only money that’s really coming into BizNet comes from affiliate investments. These funds are used to pay ROIs owed to other members, and this means that BizNet is operating as a Ponzi scheme.

BizNet will collapse once investment activity eventually dies down, and when it does, the majority of affiliates involved will lose out. Recovering lost funds will likely be next to impossible, and as such, there’s no reason to waste your time with this one.

I hope you have gained value from my BizNet Review.

I have put all the details you need to know here, because all other reviews of BizNet have been fairly limited with details.

If you do decide to proceed with BizNet or any business, you’ll find my free training helpful – I will show you how to make money online.

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