Profit Race Review – Huge Scam Or Legit System?

Profit Race ReviewIf you’ve been paying attention lately, you’ll notice that Profit Race 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 Profit Race 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 Profit Race Review.

Is Profit Race 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 Profit Race.

Read below to find out more.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

What Is Profit Race?

The Profit Race is a pyramid scheme being run out of Russia. The website domain (profit-race.com) was registered on the 1st November 2016 and, until the 18th November, was entirely in Russian before providing an English translation. The domain details remain set to private and there is no information on the site about who owns or runs the company. The only clues are that it is based in Russia, and this comes from the fact that Alexa rankings show 33.3% of web traffic originating from that country, as well as reference on the website to ‘Moscow Time’

“What happens to the queue at night?

At night, (at 1am GMT+4:00 (Moscow time)), the purchasing as place in the queue is unavailable, it becomes available again at 10am GMT+4:00 (Moscow time).”

It is essential that, when thinking about investing in a company, you have as full a picture of its operations as possible. This includes knowing who is responsible for running things- information that is easy to find out from those that are reputable. Any that keep these details secret, such as is the case with Profit Race, should be treated with a great deal of caution and definitely require a serious amount of investigation before thinking about handing over any money to them.

Profit Race Scam

What Products Are Being Sold?

The profit race does not offer any products or services for affiliates to market to retail customers. Affiliates are, instead, encouraged to recruit new members to the scheme, and receive rewards for doing so.

Info On The Profit Race Comp Plan

Affiliates of The Profit Race invest funds into the company with a promised return on investment of 120%. The minimum investment an affiliate can make is of $1, and once an investment has been made that position is placed at the bottom of the company-wide queue. The company takes the funds that are invested and pay them to the affiliate who holds the position at the top of the queue until they have received their 120% return, at which point that position leaves the queue and every other holding moves up a place and the process repeats. Affiliates receive a referral commission of 10% for all funds that have been invested by affiliates they have directly recruited, and there is also a mechanism to jump positions in the queue by paying a fee of between 1% and 4% of funds invested (the more you pay, the more places you jump).

What Will It Cost Me To Join Profit Race?

To become a member of The Profit Race you are required to purchase a queue position for a minimum of $1.

Any Truth To The Profit Race Rumours?

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

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

So, is it?

Is there a Profit Race scam, or is it legit?

To be honest, Profit Race 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.

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

And Now, My Profit Race Conclusion

The Profit Race is quite obviously a ponzi scheme, and one of the most blatant you will ever see. By signing up, affiliates are promised a 120% return on their investment, which is paid for by the subsequent investments of newer members. They do not even try to cover this fact up, because by using a queue system they are blatantly using the newer investments to pay off the commitments to existing members. Add to this the fact that the company admins quite obviously will hold many of the top positions which are the ones that will be paid off first (likely at phenomenally large numbers that they never invested in the first place) and that the admins charge a 10% fee of all funds that are withdrawn, and it becomes clear that The Profit Race has been setup purely to channel cash to those that own the company, and steal it from anyone that sees it as a legitimate investment opportunity.

This scheme will ultimately fall foul of the same problem that all schemes of this nature do, namely that recruitment will slow down at some point. When this happens, the amounts being invested in the scheme will drop, and so it will take longer for each position to be paid off and the current affiliates will find it takes far longer to see any return. This will reduce their motivation to recruit new members, and make it more difficult to recruit new people. Soon after this begins, the company will collapse and everyone still waiting for returns on their investment will lose everything that they had put into the company.

Currently, The Profit Race website is claiming that $23,441 has been invested into the compensation plan, which equates to an ROI requirement of $28,129. Further research seems to show that there are 620 affiliates in The Profit Race’s queue (not including admin accounts) and so even as things stand, it is likely that this scheme will suffer a fatal collapse before all of these people have been paid back, let alone any that decide to join later on.

The Profit Race is as close to the pure definition of a Ponzi scheme as you can get, and they don’t even try to cover this up, like other companies do, by offering products or other incentives. Their published structure of a queue where the new investments are paying off the first position quite clearly shows it to be a Ponzi scheme, and for this reason should be avoided completely. There are already at least 600 positions in this queue, and it is incredibly unlikely that many of these will see a return, let alone you if you were to join now. It is simply a way for the admins to take money of unsuspecting people, and you must not let yourself be one of them. Investigate other companies further and you will find many that offer a reasonable structure that can benefit everyone involved. Sadly, The Profit Race is not one of these, and it would be a complete waste of money making any investment with them.

I hope you have gained value from my Profit Race Review.

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

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

 Name: Email: We respect your email privacyEmail Marketing by AWeber 

Speak Your Mind

*