Richmond Berks Review
Nowadays, there are so many MLM business opportunities out there. So, it is not easy to know which companies are legit and which ones are scams or pyramid schemes. In this light, it is always in your best interest to thoroughly research a company before you decide whether or not to join the opportunity.
In this post, we are going to go over Richmond Berks background, the product lines, the compensation plan, what it takes to join the company and whether the business is legit or just a scam. Read on to learn more about this network marketing business opportunity.
Richmond Berks Review – The Company
Richmond Berks is said to be an international company that was allegedly founded back in 2008 by John Richmond and Klint Berks. According to the company’s official website, these two business men met at an auction that they were attending.
Here is their story:
“They met at an auction, fighting over the same lot. One year later together with two other brokers they founded a company that specialized in purchase of real estate at auctions and its further resale at the secondary market. In 2016 due to conflict of interest, Richmond and Berks sold all their shares and founded a new company – Richmond Berks.”
This story appears to be true considering the fact that Richmond Berks website domain was registered on September 29th, 2016. Unfortunately, there isn’t any other information online about these two guys. What’s more, the company’s website doesn’t provide any vital information about them. The website itself was set to private after registration.
As always, hiding such essential information from the general public makes people start to wonder if these people really exist. Nowadays, there are many companies out there that use other people’s credentials to market themselves. In this regard, it’s not clear if Richmond Berks is legit or a scam.
Richmond Berks Review – The Product Line
Moving on to the business’s product line, it’s so unfortunate that the worse keeps on happening. The company doesn’t offer any retail products or services. It only relies on the funds generated from the sale of the affiliate membership. Retail sales are usually the main source of income for any MLM company that is honest, so the lack of retail products here is very worrying.
Richmond Berks Review – The Compensation Plan
When it comes to the compensation plan that the company has to offer, affiliates are tasked with investing their money into things known as “Richmond Berks Dollars” otherwise known as RBD.
RDD is a currency that is only used by Richmond Berks; in the outside world it is worthless. The company claims that they can pay a ROI of 1.4 percent daily on RBD points with RBD points.
All the withdrawals that take place within the company are paid out in US Dollars; however the business keeps 50 percent of all the withdrawals made. For example, if you are planning to withdraw a total amount of $500 that you have earned within the company, you will only get 50% of the total amount withdrawn (in this case $250). The remaining $250 will go back to the company.
The good news is affiliates are given more opportunities to earn even more Richmond Berks Dollars by participating in various activities.
In addition, the business also offers referral commissions using a unilevel payment system. The system places one affiliate at the top of a team and all the members that he or she recruits into the business are placed directly beneath him or her (level 1). All the affiliates recruited by members from level 1 are placed directly beneath them (level 2) and so on and so forth. Level 1 affiliates are receives a referral commission of 10%, and level 2 affiliates receive a commission of 5%.
Richmond Berks Review – Joining the Company
If you are planning to join this business opportunity you have two options to choose from: One, you can join for free but you will not be eligible for the business’s compensation plan. Two, you can join the company and choose to invest in Richmond Berks Dollars in order for you to be eligible for the company’s compensation plan.
Is Richmond Berks A Scam Or Pyramid Scheme?
Just like any other new MLM business opportunity out there, people will always claim that a company is scam especially if they joined and didn’t succeed the way they were expecting. You might have heard rumors about Richmond Berks being a scam. So, is Richmond Berks legit or a scam? Well, to be honest Richmond Berks isn’t a complete scam, but there are few things that you should look out for. It’s always wise to have a clear picture of what to expect and what you need to do to be successful. Remember, if you are looking for a business opportunity that will make you rich overnight then you are in the wrong place.
Conclusion
Richmond Berks doesn’t have any retail products or services to promote or sell, this means that the business only depends on the money generated from selling affiliate membership to run the business and pay its employees. So, it’s safe to assume that this business operates like a Ponzi scheme.
What’s worse, there isn’t any real information about the person(s) that runs or owns the business. The location of the company is also unknown. The company claims to have more than 16 employees; however there isn’t any information about them. The website domain is also set to private.
Another issue about this business opportunity is the idea of asking people to invest their real hard earned money in return for Richmond Berks Dollars that are worthless outside the company. The RBD is a virtual currency that is supposed to earn you a daily ROI. Business opportunities that operate this way usually have a very short lifespan. Why? This is because once the company fails to recruit new members over a certain period of time, it will lack funds to runs the business and pay its employees. If this happens, it is only the anonymous admin(s) behind the company who will get paid; all the other employees who decided to join the company will get absolutely nothing. So, think hard and long before you decide to join this business opportunity.
For me I couldn’t join any company that had Berk in the title but hey that’s my preference lol
I hope you enjoyed my Richmond Berks Review post. If you would like to know what company I fully endorse and actually presently endorse myself then read on….
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