Penny Pays Review – Good Opportunity Or Big Scam?

Penny Pays ReviewRecently, this business has been getting a lot of attention.

In fact, there is lots of hype and buzz going around including people pitching it left, right and centre.

I’ve noticed a lot of people pitching it on social media.

Now, first off, let me make it clear I am NOT promoting this business opportunity as an affiliate or distributor.

I have all the facts about this business in my Penny Pays Review so you can learn the full truth about it!

Is the business legit or a scam?

Does it deliver on it’s promises?

I explain in my Review of Penny Pays before you.

Let’s get started.

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What The Heck Is Penny Pays?

When taking a gander at the Penny Pays website, we’re met with a noticeable lack of information in regards to who owns or runs the company. More and more often, we see companies in the multi-level marketing field decide to omit this information for whatever reason, and it’s a trend we would like to see stopped sooner rather than later.

When this information is withheld, it isn’t entirely clear as to where your money is going when you decide to invest it into an opportunity. Everyone has the right to know just who and where is getting their cash, so when we don’t have easy access to this info, we’re met with feeling of hesitation right away.

When looking more closely at the domain name for Penny Pays, we can see that is was first registered back on July 26th of this year – 2016. The domain is tied to a residential address in Tennessee in the United States, and a man by the name of Michael Dodd of MD Operations Corporation is titled to be the owner of said domain name.

If Michael Dodd’s name sounds familiar to you, that’s because this isn’t the man’s first rodeo into the world of MLM.

You see, Dodd first popped up on the MLM radar back in 2012 as the owner of the company Penny Matrix.

For those who aren’t familiar, Penny Matrix was a pyramid scheme that saw users invest $7 each month to maintain an active membership. Penny Matrix was tied to an eBook theme, but it wasn’t enough to cover up the pyramid scheme nature of the company.

Following his involvement with Penny Matrix, Dodd came back up in the MLM realm with his other company GoBig7. Similar to Penny Matrix, GoBig7 was yet another pyramid scheme that saw investors throw down $7 each month for their membership. GoBig7 ditched eBooks for that of advertising, but according to reports from Alexa, it looks like traffic for the GoBig7 website has been on a pretty steady decline since late 2015.

With GoBig7 looking to be on death row, it would only make sense that Dodd would go ahead and launch yet another company to try and make another buck. Michael Dodd is hitting the scene once again with Penny Pays, but is there actually any money to be had here? Or are we looking at nothing more than another pyramid scheme?

Penny Pays Scam

What Are The Penny Pays Products?

When taking a gander at the Penny Pays website, we’re met with a noticeable lack of information in regards to who owns or runs the company. More and more often, we see companies in the multi-level marketing field decide to omit this information for whatever reason, and it’s a trend we would like to see stopped sooner rather than later.

When this information is withheld, it isn’t entirely clear as to where your money is going when you decide to invest it into an opportunity. Everyone has the right to know just who and where is getting their cash, so when we don’t have easy access to this info, we’re met with feeling of hesitation right away.

When looking more closely at the domain name for Penny Pays, we can see that is was first registered back on July 26th of this year – 2016. The domain is tied to a residential address in Tennessee in the United States, and a man by the name of Michael Dodd of MD Operations Corporation is titled to be the owner of said domain name.

If Michael Dodd’s name sounds familiar to you, that’s because this isn’t the man’s first rodeo into the world of MLM.

You see, Dodd first popped up on the MLM radar back in 2012 as the owner of the company Penny Matrix.

For those who aren’t familiar, Penny Matrix was a pyramid scheme that saw users invest $7 each month to maintain an active membership. Penny Matrix was tied to an eBook theme, but it wasn’t enough to cover up the pyramid scheme nature of the company.

Following his involvement with Penny Matrix, Dodd came back up in the MLM realm with his other company GoBig7. Similar to Penny Matrix, GoBig7 was yet another pyramid scheme that saw investors throw down $7 each month for their membership. GoBig7 ditched eBooks for that of advertising, but according to reports from Alexa, it looks like traffic for the GoBig7 website has been on a pretty steady decline since late 2015.

With GoBig7 looking to be on death row, it would only make sense that Dodd would go ahead and launch yet another company to try and make another buck. Michael Dodd is hitting the scene once again with Penny Pays, but is there actually any money to be had here? Or are we looking at nothing more than another pyramid scheme?

What About The Compensation Plan For Penny Pays?

When it comes to making money with Penny Pays, affiliates are paid for a couple different actions.

This first comes by way of spamming social media sites with advertising. The second comes in the form of enlisting new people to sign up for Penny Pays’ $9.95/month affiliate membership.

Share Earnings

In regards to getting paid for spamming social media sites with advertising, the amount that is earned here is based upon which of the shares an affiliate decides to invest in. Putting down more money for more expensive shares results in more earnings when it comes time to spam.

Additionally, those that are paying affiliates stand to earn a great deal more than those that are free members.

And, on top of all this, the spam that an affiliate sends out must stay active on social media for a minimum of 48 hours. If it’s taken down before then, the affiliate who poste it will not be eligible to earn their commission.

Recruitment Commissions

Along with getting paid to post spam advertising, affiliates can also make money when they recruit other people to sign up and pay a monthly fee for the Penny Pays affiliate program.

Penny Pays handles their recruitment commissions through the use of a 2 x 14 matrix, and these payments don’t get sent out until all 32,766 positions have been filled within the matrix.

These positions are filled with affiliates through the use of both direct and indirect recruitment, and Penny Pays also offers a matching bonus for personally recruited affiliates that a member has.

What’s The Cost Of Joining Penny Pays?

If you want to be an affiliate for Penny Pays, you have a couple options. The company offers both free and paid plans, with the paid membership cost $9.95/month.

While you could certainly try out the free option at first, you really need to sign up for a paid plan if you want the chance to earn any real money within the company. Additionally, only paid members have access to the recruitment commissions that are available.

So, Is There A Penny Pays Scam Going On?

So, like with all business opportunities, you will hear things around the internet about there being a Penny Pays scam or something like that.

And from what you have read, you may also wonder if this is legit or a complete scam.

So, what’s the truth?

Is there a Penny Pays scam going on or is this legit?

Well, to be honest, Penny Pays is not really a proper scam or anything like that.

But there are some things to be aware of (see conclusion section).

That is how you will be successful.

See below for help with making money.

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Finally, My Penny Pays Review And Conclusion!

When looking at the compensation plan that Penny Pays is using, it doesn’t take long to see that it is pretty much a clone of the plan that was used for both Penny Matrix and GoBig7. Although Penny Pays is using the theme of social media advertising this time around, we’re left with the exact same deal.

Oh yeah, and let’s talk about that social media advertising. As an affiliate for Penny Pays, you’ll basically start sending out nothing but spam links to your contacts on Facebook. This will cause nothing but annoyance, and since you aren’t doing real advertising, it won’t take long before you get blocked.

It’s quite obvious that not a lot of thought went into this setup, but honestly, none of this really matters. Similar to Penny Matrix and GoBig7, the main focus for Penny Pays is that of recruiting more and more people to sign up as paying affiliates.

This turns Penny Pays into nothing more than a chain-recruitment system, and as with all other companies along these lines, Penny Pays will quickly run out of funds once recruitment dies down. Dying recruitment will result in less and less funds, and with no product line, Penny Pays will quickly run out of money to pay off their existing affiliates.

When this takes place, Penny Pays will be forced to shut down, and those who have money invested will more than likely end up losing out on the whole ordeal.

Hopefully, you have found my Penny Pays Review useful.

I wanted to give a lot of details because there have been other review of Penny Pays which were a bit thin on the detail side.

No matter what happens, if you really want to succeed with any business, you have to learn how to market properly.

And, my training below will help you do that and make money!

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