You’re probably wondering what all the hubbub is about with cryptocurrency. Well, to put it simply, crypto like Bitcoin has exploded and turned countless people into overnight millionaires. However, with every trend, there are a million frauds trying to exploit unsuspecting investors.
Today, we’re looking at My Micro Profits, an MLM company that supposedly pays you every hour around the clock. If this sounds too good to be true, it’s because is it. So, if you’re wondering whether My Micro Profits is a scam, read our full review of the MLM company down below.
What Is My Micro Profits?
- Name: My Micro Profits
- Website: mymicroprofits.com
- Founder: Unknown
- Cost to Join: Undisclosed
- Rating: 0/10
My Micro Profits is a recently registered MLM company that’s centered on the entire cryptocurrency craze. You won’t really find a ton of information on the corporate website, which is a major red flag. They don’t list an owner, though in the introductory video, someone named Al introduces himself as the CEO.
Despite claims of having been in the micro ransaction profit game for years, this company only registered its site in early 2020. Now, this might mean that they’re no ready to share their secrets with the world, but we still need to take a closer look at what’s going on in the company.
What Does My Micro Profits Have to Offer?
Absolutely nothing. The company doesn’t manufacture or distribute tangible goods. This isn’t unheard of in MLM companies that try to take advantage of the entire cryptocurrency buzz, but it does raise further red flags.
What Does It Cost to Join My Micro Profits?
To join My Micro Profits is completely free. You don’t need to spend a dime to don the proverbial corporate nametag. However, if you want to begin making money on your investment (which everyone wants), then you’ll have to fork over some of your hard-earned dollar bills.
How much, you ask? Well, that’s between you and your referrer. To get started, you’ll have to transfer an undisclosed amount of money in the form of Bitcoin or Bitcoin Cash, Ethereum, Litecoin, Dogecoin, or Dash. After they receive your payment, you’re ready to begin making money “while you sleep.”
The corporate website does not disclose how much it costs to begin making money through their system, which is fishy as all hell. So, if you’re interested in joining (we don’t see why you would be based on how many red flags there are), you can speak to a referrer and ask for an estimate.
How Do You Make Money with My Micro Profits?
My Micro Profits’ profit-making system isn’t all that different from what you’d find in other MLM companies. After signing up and paying the registration fee and/or initial investment, you can begin making money immediately.
Basically, there are two ways you can make money through My Micro Profits—namely, direct investments and referral commissions.
The company claims that its affiliate members can earn up to 0.13% on their investment every hour. On the My Micro Profits website, you can find a calculator that will roughly calculate how much money you’ll make every hour, day, 30 days, and 60 days. The more you invest, the more you can make.
An MLM company wouldn’t be an MLM company if it didn’t offer bonuses for finding additional members. How much you earn per new recruit depends on how much you invested in the beginning.
You’re entitled to a cut for recruits down to three generations after you. For every first-generation recruit, you’ll get 9% and between 2 and 7% for the two levels after.
Things I Like About My Micro Profits (Pros)
From what we discovered about My Micro Profits after very light research, we’ve concluded that there’s nothing to like about My Micro Profits. Check out the following section to see why this company is utter horses**t.
Things I Dislike About My Micro Profits (Cons)
Sit back ‘cause this is a doozy.
No Tangible Products
For an MLM company to operate legally in the US, it has to offer more than just training packages to its affiliates. My Micro Profits doesn’t, so it cannot legally promote its services on US soil. This doesn’t mean they can’t try to attract new members from the States, so investors need to be wary of out-of-this-world profit potential.
Who Is Al?
Al claims to be the CEO of the company, but the founder remains unknown. Al speaks in an American accent, which is surprising, seeing as how this company cannot legally operate or promote its nonsense in the US.
Now, if he’s trying to operate this business overseas, why not start in his own backyard? After all, aren’t Americans also interested in making quick money by investing in Bitcoins?
Upon closer inspection of the company, My Micro Profits claims to be set up in the UK. The registered address is at 14 Goswell Road, London, England, EC1M 7AA, which shows up as an eyewear company online. This is a common tactic employed by fraudulent companies in an attempt to appear legitimate to unsuspecting investors from overseas.
Ridiculous 0.13% ROI
The audacity of My Micro Profits to promise a 0.13% return on your investment (no questions asked) is astounding. First of all, even the most seasoned stockbroker wouldn’t promise a dime in profits for your investment, let alone some mysterious company that was established just a few months ago.
To put this ridiculous figure into perspective, you’ll get $1.30 every hour for a $1,000 investment. This translates into roughly $31.2 every day (remember, you’ll continue to earn money while you sleep). Such high return potentials are only offered by Ponzi schemes.
If you don’t believe us, take a look at what past members have to say about the shady workings of this shady company. To withdraw your money, you need to manually make a withdrawal request, which, according to the users, should take between 2 to 4 days to process.
However, many of them haven’t seen a cent of their earnings, and they can only assume that the principal investment has vanished.
Verdict: My Micro Profits Is 100% a Scam!
No, just no. There’s no reason why you should put in a single penny into My Micro Profits. It’s so obviously a Ponzi scheme that we’re surprised we even had to review it in the first place. It joins the ranks of Nimbus Platform and We Share Abundance as programs to avoid at all costs.
If you want to invest in a meaningful side-project, we highly recommend giving affiliate marketing a try. This is nothing like MLM; instead, you promote a company’s products on your blog, social media page, or YouTube channel, and for every sale you helped generate, you can earn a cut of the profits.
You aren’t guaranteed a thing, which is how the world works. The more time you put into your affiliate marketing efforts, the greater the potential of making your money back becomes. Plus, you don’t have to put in a dime to begin!
Hey, it’s Kenny here. I’m a single dad, freelance writer, an affiliate marketer. I have been making a living online since 2016, after quitting a 10-years engineering profession. When I’m not on the laptop, I’ll be in the kitchen experimenting with new cuisines.