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|Scooped by Frank Heath|
This program caught my ey a few weeks ago. I liked the idea of throwin $100 bucks in and waiting for some returns (yet to come).
My experience with these kind of programs in recent months has been that many are poorly thought-out - not to so much the compensation plans or general structure of the website (user -friendly?) but more from a "Will I get paid" point of view.
Reason? My observations show that the majority of such programs don't have a clue as to what kind of growth they can experience once they get started. I doubt that many of the do any kind of due-diligence at all for this reason. they all start crying " We've got a server problem" or "we're reviewing withdrawals because of..." " we've had a DDOS attack" etc.
There's such a demand by people wishing to make money online it seems they'll jump at anything.
Several programs I watched that went through a pre-launch could see huge numbers of people getting signed up from the very first minute! ClickPaid was one I observed very closely because of a past association with Frederick Mann. I signed up a few minutes before the actual Prelaunch was due to start - #36 as I recall and,since it was early morning (around 2 am) I then went to bed. When I woke up and checked the situation I estimated more than 2,000 had joined in the first 8 hours.
From that point it went crazy (driven by the special 7 days offer fro high recruiters) but, when that was over there was problems galore! People couldn't access their websites and just recently I've heard from some that 'they aren't getting paid'.
Sure enough, this is sometimes followed by pleading for "understanding and patience from members - as we work our way through the issues", On other occasions though there's no communication at all. You just get a 'funny feeling' one day about lack of notifications or updates etc and when you check things out - your site's diappeared along with your money!
But not all is bad news out there. There's a few good performaers and they pay good. The trick is choosing and staying with the right ones and limiting your losses on the 'bad' ones.
If you have any comments or experiences with HYIP's recently feel free to comment.