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Some news to watch first.
If you’ve read the past few articles on MLM/Network Marketing versus Pyramid Schemes, you will understand that BIM is actually a pyramid scheme.
The BIM compensation plan is based upon a board game. A board game always has 15 spots, one at the top, two below the top one, four below that, and eight on the last level.
It looks like this. On boardgames, you start at the very bottom level, and when you bring someone else in, you get pushed up one level. Once you get pushed up 3 times, you’re now at the top (where x is). At this point, you then get paid.
y y y y
y y y y y y y y
So in other words, when x (person at the top) of the 15 spots is getting paid, there are 14 others (all the y’s) still waiting to get paid. So if 10 people get paid on different boards, than 140 people are simply waiting. If 100 people are getting paid, than there are 1400 people waiting. If 1000 people are getting paid, than 14000 are waiting… 14000 people are waiting to get paid!!! There is no residual income in this type of system which is a huge flag for a pyramid scheme. Also, the product that you are buying (roughly $3000.00) is not worth any value. CBC, on the above link, did a test and compared some of their deals to what you can get online, and it’s cheaper online. A big red flag for pyramid schemes is whether or not what you’re paying for, has any real value.
Board games are known to be illegal and BIM, is clearly a board game. Once you reach the top of the boardgame, you need to re-enter again at the bottom of another board game to again, work your way up. I’ve heard of a few people who ended up buying in multiple times to try to make themselves hit the top of the board and ended up losing lots of money.
BIM’s CEO and owner is known as Alan Kippax and you can google and find lots of information on him online as well. But beside that, the main point here is that the system being used in the model is a boardgame, also known as an 8-ball model. Please see here for more information.
What regulators look for at the end of the day is how many complaints are coming through, and do you really get good value for your money. I’ve personally been to a BIM presentation myself, before I started becoming more aware of MLM/Network Marketing company’s versus scams. All I could remember was going through a super fast presentation on BIM, and then we were all heading downstairs where they were serving beers and drinks. It was shocking so I simply took off and for the first time in my experience, I was thinking that this was a serious pyramid scheme.