BizNet Review – Legit Business or Big Scam? Find Out Here…

Welcome to my BizNet Review!

I’ve been seeing a lot of buzz online lately about this company, so it’s time for another review!

When searching for an online business to join, the most important thing you should do is research.

You work hard for your money and you want to be sure you will get the most bang for your buck.

This review will talk about the company, the products and the compensation plan.

Read on to learn everything you need to know about BizNet!

BizNet Review – The Company

BizNet review

BizNet is part of the forex and cryptocurrency MLM realm.

The company named Alexander Chebotarev (Technical Director) and Grigory Shemet (Marketing Director) as co-founders.

Other than mentioning them by name in some BizNet marketing material, I couldn’t find any other information about Chebotarev’s or Shemet’s MLM, forex or cryptocurrency trading experience.

The BizNet website domain was registered as “biznet.pw” for the first time on the 1st of March, 2016 and then updated on the 11th of January, 2017.

Identified as the owner of the domain, Grigoriy Shemet lists an address in Saint Petersburg, Russia, however, the company website itself is hosted in Belize.

On the 20th of March, 2017, BizNet Group LLP was incorporated in the UK.

BizNet Reviews – The Products

BizNet does not offer any retail products or services to affiliates or retail customers (Where Jeuenesse and Kyani have retail products).

Affiliates who join BizNet can only market the affiliate membership.

BizNet Compensation Plan

To participate in the compensation plan, BizNet affiliates must invest $25 or more for a monthly ROI.

The investment plans offered are split between forex and cryptocurrency trading.

BizNet’s automated forex plan requires affiliates to invest $25 or more to earn a monthly ROI of between 20% to 30%.

The company offers 3 cryptocurrency investment plans:

  • Standard – Invest $25 or more and receive a 15% monthly ROI
  • Ultra – Invest $3000 or more and receive a 21% monthly ROI
  • Ultimate – Invest $10,000 or more and receive a 27% monthly ROI

The forex and cryptocurrency plans both generate perpetual monthly ROIs.

Referral Commissions

Affiliates earn referral commissions through a unilevel compensation structure.

This type of compensation structure puts an affiliate at the top of a unilevel team that places each personally sponsored affiliate right under them on level 1.

When a level 1 affiliate sponsors new affiliates, they are put on the 2nd level of the original affiliate’s unilevel team.

When a level 2 affiliate sponsors new affiliates, they are put on the 3rd level, and this continues on down as many levels as are needed.

Payable unilevel levels are capped by the company at 10, which is based on these qualification criterion:

  • Participant (Generate a minimum $100 in downline investment activity) – 7% on level 1 (personally sponsored affiliates)
  • Agent (Personally invest at least $100 and generate a minimum $1000 in downline investment activity – 7% on level 1 and 5% on level 2
  • Consultant (Personally invest at least $250 and generate a minimum $5000 in downline investment activity) – 7% on level 1, 5% on level 2 and 3% on level 3
  • Junior Manager (Personally invest at least $500 and generate a minimum $25,000 in downline investment activity) – 7% on level 1, 5% on level 2, 3% on level 3 and 2% on level 4
  • Manager (Personally invest at least $1000 and generate a minimum $100,000 in downline investment activity) – 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4 and 1.5% on level 5
  • Top Manager (Personally invest at least $5000 and generate a minimum $500,000 in downline investment activity) – 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1.5% on level 5 and 1% on level 6
  • CEO (Personally invest at least $10,000 and generate a minimum $1,000,000 in downline investment activity) – 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1.5% on level 5 and 1% on level 6 and 0.5% on level 7
  • Silver Affiliate (Personally invest at least $15,000 and generate a minimum $3,000,000 in downline investment activity) – 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1.5% on level 5 and 1% on level 6 and 0.5% on levels 7 and 8
  • Golden Affiliate (Personally invest at least $30,000 and generate a minimum $9,000,000 in downline investment activity) – 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1.5% on level 5 and 1% on level 6 and 0.5% on levels 7 to 9
  • Platinum Affiliate (Personally invest at least $50,000 and generate a minimum $27,000,000 in downline investment activity) – 7% on level 1, 5% on level 2, 3% on level 3, 2% on level 4, 1.5% on level 5 and 1% on level 6 and 0.5% on levels 7 to 10

Teamwork Bonus

Affiliates can also earn a TeamWork Bonus, which is a bonus percentage earned on investment volume that is generated by the strongest unilevel leg of the affiliate’s team (calculated every 3 months).

  • Junior Managers earn a 0.5% Teamwork Bonus
  • Managers earn a 1% Teamwork Bonus
  • Top Managers earn a 1.5% Teamwork Bonus
  • CEOs and higher earn a 2% Teamwork Bonus

Global Bonus

Another bonus offer by BizNet is the Global Bonus, which is a bonus percentage earned on company-wide investment volume.

  • Silver Affiliates receive a share in a 0.5% Global Bonus pool
  • Golden affiliates receive a share in a 1% Global Bonus pool
  • Platinum affiliates receive a share in a 1.5% Global Bonus pool

Rank Achievement Bonus

One-time cash bonuses are available to BizNet affiliates who qualify at the Agent and higher ranks:

  • Agent – $50
  • Consultant – $250
  • Junior Manager – $1000
  • Manager – $5000
  • Top Manager – $25,000
  • CEO – $50,000
  • Silver Affiliate – $150,000
  • Golden Affiliate – $300,000
  • Platinum Affiliate – $500,000

Cost To Join BizNet

The cost to join BizNet as an affiliate is free, but to participate in the attached MLM income opportunity, an investment of $100 or more must be made.

Verdict on BizNet

This company claims that the ROI generated comes from forex and cryptocurrency trading…

But this seems highly unlikely because if the company owners were able to consistently generate such high ROIs, why would they need strangers to join them?

The truth is, the only income coming in to the company is most likely from new affiliate investment…

Affiliates sign up and buy in and that money is used to pay existing affiliates….

And the cycle continues like that….

Until recruitment numbers go down….

When this happens, ROIs won’t be met and affiliates will start dropping like flies…

So, please keep this in mind if you are considering joining this company…

I hope you enjoyed my BizNet review and if you have any questions, please leave them in the comments below…

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BizNet

-Jesse Singh

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