What Happen To USI Tech? Graceful Exit? Or, Disgraceful Exit?
I haven't received yet the official email coming from the company, but this news is already circulating across Facebook...
Reading the news, I realized how correct my earlier decision was---of putting Wealthy Affiliate as my primary online business opportunity in all of my funnels.
It used to be USI-Tech.
Today, you can see angry posts of people on Facebook.
Some, blaming fellow members for not adhering to the company's promotional policies.
(For example, it prohibited members from showing screenshot of earnings in blogs and social media posts)
But beyond that, I saw earlier that this thing will happen.
I know... the the company knew this will happen. And probably thinking it will be their graceful exit.
Yes, they need to have an exit.
Imagine, promising Bitcoin investors profit of 1% per day, Monday to Friday, for 140 days?
Plus, lucrative commissions for recruiting others? (Including a car plan)
That alone spelled that someday the company will have to find a way to make an exit. And that happened today.
In my opinion, the company knew that a vast majority of affiliates will not adhere to good online marketing practices, and that the government agencies will step in and shut down operations in North America.
When something is too good to be true (like those promised profits), it will soon come to an end.
At first, USI Tech tried to make it appear that they want to play the game clean as if they want to adhere with US FTC's regulations. I too, was convinced. For me then, it's good that I can join for free, and income won't come from mere recruiting but through the sales of the products (Bitcoin investment packages). To me, that's an ideal direct selling business, just like Avon.
But still, the HYIP look discouraged me from pushing through, leaving a team of several recruited members.
I told my recruits, "I'm done with network marketing and decided to just build niche websites". That was announced initially for the purpose of discouraging them to prospect me if they find newer companies.
But in the end, my decision to leave for WA proved to be correct.
I felt sorry for my friends.. for those whose hopes were smashed awhile ago by this company's stopping its affiliate program in North America.
Now, it's time for us to rescue the hurting!
(Join Wealthy Affiliate instead!)
Recent Comments
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Hi, Coach.
Unfortunately, people can be manipulated to act on emotion rather than intellect.
'Get Rich Quick' schemes have mutated into an unstoppable monster.
Have a look at the following video to see how deep the rabbit hole goes:
Learn how a network of pitchmen harnessed the internet to build the ultimate pyramid scheme.
https://youtu.be/Z0LZ6DNCgrY
Kindest Regards,
Paul.
Blame the marketers for not following company rules. Typical excuse.
Since it is UAE based, UK registered company, it is still operating in other countries.
Exactly. A typical excuse. They siphoned money from North America to get their goals of sudden growth, then devised an exit using rules and weakness of marketers. Anyway, they still can operate in other countries with laxed rules.
Hi! Gomer,
I am glad you stay in WA. This is inspiring for me to revitalize myself to move my endeavor for e-marketing along. All the bottom line is keep honest with facts of life without manipulating others' ignorance, anxiety, and fear.
Much appreciated,
Chin-Ti
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WA is and will always be the best!