Today, I am going to review the latest of MLM programs – Race Cycler, which seems to be attracting a lot of attention. So, what is Race Cycler? Race Cycler is a 2×2 reverse matrix system, composed of two boards.
Who is behind Race Cycler?
There is no clear information on who is behind this program. However, a further research reveals a man by the name Kent Brown, who claims to have being involved in multiple others MLM programs.
Joining Race Cycler
Joining Race Cycler is by upgrading your account by paying $230 to secure yourself a position in the National Board matrix system.
Race Cycler Line of Products
Race Cycler is not offering any retailable services or products. Affiliates join the program and upgrade their accounts to secure themselves positions in the company’s National Board matrix system.
Race Cycler Compensation Plan
Race Cycler compensation plan revolves around affiliate purchasing matrix positions at $230 and recruiting others to do the same. They are then paid a certain commission, following a 2×2 matrix system.
A 2×2 matrix is where an affiliate get placed on top of the structure with two positions directly under to form level 1. The two positions then branch off to form 4 positions (level 2), completing the matrix with 7 people.
Here is How Race Cycler Works?
There are two boards – The National Board and The Grand National Board. When you join the program and pay the upgrade fee of $230, you are placed in the first open position in your sponsor’s board on the National Board. These boards are filled from left to right, which means you might not get placed directly under your sponsor.
1. The National Board
When all the 7 positions are filled up, the person on top of the structure cycles out and get paid. These positions are either filled through your personal recruitment efforts or recruitment efforts of the other members of the board.
How Much Money Do You Get Paid?
How much money you earn depends on the total number of affiliates you have recruited. The higher the total number of affiliates you have, the more money you earn, which is paid as follows:
- 0 referral earns you $10 for each position filled in the bottom row of board.
- 1 referral earns you $25 for each position filled in the bottom row of board.
- 2 referrals earns you $50 for each position filled in the bottom row of board.
2. Grand National Board
When the affiliate who was on top of the structure cycles out from the National Board, her or she receives a position in the Grand National Board in the same board as the sponsor. The Grand National Board works in a similar way like the National Board and follows exactly the same 2×2 matrix system.
When all the positions of the Grand National Board are filled up, the affiliate on the top of the structure cycles out and get paid. Grand National Board commissions are paid as follows, depending on the total number of affiliates you have;
- 0 referral earns you $50 for each position filled in the bottom row of board.
- 1 referral earns you $100 for each position filled in the bottom row of board.
- 2 referrals earns you $500 for each position filled in the bottom row of board.
Grand National Board is the second and the final board of the matrix. Once the matrix positions are filled up, the person on top of the structure can start all over again by doing a recycle.
This recycle place you back into the National Board, where you can now start earning all over again. The $230 upgrade fee is subtracted from your Grand National Board cycling payout.
System Robots are created to fill up empty or stalled positions, hence making the whole cycling process faster. I am not quite sure how this going to help since these are robots and they are not paying for the unfilled positions or bringing any more money into the system.
Race Cycler Payment and Withdrawals
Race Cycler is accepting PayPal and STP. No clear information on how withdrawals are done.
Many similar cycler programs have being created and collapsed within the shortest time possible. The main reason being lack of a real product. Race Cycler is no exceptional and if you think you have found an easy way to get rich, then you are sadly mistaken.
There is no shortcut to online success! To be successful online, you will need to have a real product, resources and proper marketing channels.
However, if you really feel you have to go the pyramid scheme way, then you will have to know how to recruit and refer people within the shortest time possible. If you can’t, you will fail and end up losing your $230. This is real, I am just being honest with you.
Do not get yourself trapped in these kinds of marketing hypes cropping up every other day, find yourself something worth of doing or investing in and I am sure you will never regret.
Remember, if the deal is too good to be true, always think twice. Race Cycler seems to be too good to be true, if I were you, I would keep off completely from this kind of programs.