Another brand new advertising company just launched today. During the last week many people were promoting the opportunity in order to recruit as many affiliates as they could. As usually, these programs along with the advertising services offer an income opportunity for registered members. Sounds interesting, right?…who does not want to advertise their URLs and make money in the process?…
The thing is that those programs are solely dependent on affiliates and after a few short months discontinue and the websites disappear. Today’s program looks like another replica but let’s dive deep before we jump into conclusions.
Inside The Bit Ads
The homepage headline is trying to catch your attention…
- Your business needs exposure
- The BitAds network delivers it with up to 95% revenue sharing model
What they do
They are trading in the cryptocurrency markets. And you can’t go alone, you need some expert backing you up to ensure you achieve financial success in the long term. High experienced financial traders following the crypto market since its inception done their research and now they are ready to help investors make money. A percentage of profits is used in trading and with every purchase on the network a member receives ad credits bundled with ad packs.
Impressive…an advertising network selling ad packs, delivering ad credits, trading in bitcoins and sharing revenue with its members. What can go wrong?…Satisfaction is guaranteed
- Exposure – a platform to expose your business in front of thousand members
- Mining rewards – the company shares revenue from mining activities
- Afiliate commissions
- Advertisement credits bundles with every mining contract
Why to choose The Bit Ads
- Quality traffic
- Targeted audience
- Global spread
- Experienced team – advertising gurus, mining experts, crypto currency enthusiasts
- Professional support
- Multiple services
- 1840 members
- Total deposits $45,000+
- Total earnings $1,260
- Total withdrawn $16
How it Works
- Open an account
- Fund your account
- Buy shares
- Make profit
Ad Packs – Revenue Sharing
150% cashback, up to 3% daily cap. Each ad pack cost $10. You receive ad credits.
- Surf ads
- Banner ads
- Text ads
- Login ads
- Directory ads
Affiliate Program – 3 levels deep (MLM)
1st level 7%, 2nd 2%, 3rd 1%, commissions on referrals purchases
FAQ – Terms – Important
- Is the platform legal?…Yes, it is they say. They sell advertising credits, one of the most common revenue generation model.
- Is it an investment opportunity?…No it is not they continue, it is not a HYIP. They do not offer fixed returns to the members. You are purchasing a legitimate advertising product in form of Ad Packs.
- Only 1 account is allowed
- You have to surf at least 10 ads daily to participate in the revenue sharing pools
- Minimum withdrawal $5
- There are deposit fees, 2% – 3%
- An ad pack expires after a return of 150%
- All purchased items are Non Refundable
Perfect Money, Solid Trust Pay, Payeer, bitcoin
Owners – Domain
With the help of the whois database I uncover the registration date for the domain thebitads.com, 16 November 2016. The owners are hiding from the public using privacy protection.
The Ad Platform – Dashboard
When you first join the program there is a 100 website credits bonus waiting. You can add up to 5 URLs. By surfing the ads you earn credits to use in the traffic exchange and that is a very positive element for free members to not only test the platform but to place their own ads without having to purchase ad packs. This is the ideal in traffic exchange programs.
You can buy ad packs using the main and repurchase balance.
Additionally there are 5,000 banner credits and 5,000 text ad credits as bonus.
- 200 login ads $5
- 500 website credits $5
- 2500 banner ad credits $2.5
- 2500 text ad credits $2.5
The ad platform is a replica of other advertising revenue sharing programs. There is nothing new, I have used thousands similar systems.
The traffic exchange system is fair and gives free members the opportunity to test everything out before they have to buy ad packs. Or you can simply use the traffic exchange by visiting other websites to earn credtis so that you can place your own ads.
But that is all this system can offer. You can not target specific niches / audiences. The only thing you can target is specific countries. That means very low quality advertising services.
What I mean by that?
Real advertising services is when you pay a company to create campaigns for you. Not a traffic exchange system that you use on your own. From my experience all traffic exchange systems return poor to awful results. All affiliates participating are promoting their affiliate offers and websites. No one is interested in buying, they all want to sell. More importantly the majority of the websites advertised are money making opportunities. So you are going to adevrtise your offers to people that are promoting already money making systems. You may hit a wall, but of course you can test the platform on your own.
Moreover the supposedly experienced trading team is a myth. No information is being reveled concerning the trading activities of the company. Professional traders share knowledge with the members.
What about the ROIs?…3% daily ROI is out of the question. Any program offering more than 10% yearly is very risky. That ROIs can not be delivered with Bit Ads.
Another thing to consider is that the owners remain anonymous, and this should be a solid reason to avoid non transparent companies. I am not investing when I don’t know who runs the show.
All I can see is money deposited by affiliates to purchase ad packs, receive ad credits and wait for the 150% ROI. So how is this ROI being generated?…By these funds, and this is illegal. It is a Ponzi system. Traffic products are only available to members / affiliated with the company. All money coming in is funds from affiliates. There is no external cash from non affiliated customers. And this is the reason why this program will disappear from the market soon, when recruitment slows down, no new money will be rolling in, no ROIs will be delivered. Who is making money?…the anonymous owners while the majority of participants is mathematically guaranteed to take a loss.
In addition, the no refunds policy is another sign of the non legitimate side of the program. Legit advertising companies offer refunds for products and services. The Bit Ads deposits are immediately being transfered to the revenue sharing pools and this is why the company can not offer any refunds.
Not a recommended system, and definitely not an income opportunity. Even if someone makes money this is happening on the expense of other affiliates.
How to Make Money Online Ethically
Hunting down revenue sharing or HYIP programs is a pathway to failure. Money can be made online but you have to work, just like you would offline.
If you are willing to work hard the most newbie friendly online business model is what we call affiliate websites. Long term potential, no risks, minimum startup costs, endless opportunities. This is how I started 2 years ago and turned one single property into a multiple income stream.
- Revenue sharing & HYIPs
- Rev shares & HYIP monitoring
- Modern Ponzi / Pyramid Business World
- Trendy revenue sharing explained
That’s it, another review has finished, here on Web Market Support. I am waiting for your comments and thoughts. Till next time, your online partner.
The Best All-in-One Business Package for Newbies