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Banners Broker – Legit or Scam

Product Name:  Banners BrokerBanners-Broker-home-page
Overall Ranking: 5/100
Price:  $15 Admin Fee
Owners:  Christopher George Smith and Rajir Dixit

 

Introduction

Initially, Banners Broker assumes the look and feel of an advertising hierarchy.

Banners Broker promised its members that they could advertise their business on the sites vast network through a package they call Ad-pub combo package. Not only that, but members could become their own ad publisher, earning publishing revenues through targeted publisher sites owned by Banners Broker.

Pros

Supposed dual money making capability

It could be done at home

Cons

It had 6 packages starting at $12 for the starter all the way up to ultimate for $3665 which the member had to pay for to ‘qualify’ the banner.

The payment for these revenues was not automated, so members had to wait until they got their profits.

Who is it for

Banners Broker was supposedly for anyone who wanted to make some extra money on the side as it had no restrictions on who could sign up. A relatively small amount of  $15 was charged.

It also worked with affiliates, meaning you had to bring in more people. Its basically Multi level marketing.

Training and tools

Banners broker has quite a number of ways they claimed they could teach through. All those methods are geared towards helping you earn money as a publisher and even help you buy and sell your panels to new or existing members of the site. All this was being peddled by a team of business building experts.

Support

Banners Broker had taken shape as a good site to earn money, even going ahead and employing the mark of any banners-broker-sundayworldgood business model, overseas offices. They had established offices in India, Portugal,Canada, one of the owner’s country of origin and Ireland. Issues arising from the use of the site for example withdrawal of money were mostly directed to ‘mentors’. The support network was shaky as is with some Multi-level marketing based business models.

Price

After the initial $15 admin fee, members were required to pay for packages that promised good returns  priced as follows-:

 

PACKAGE PRICE REVENUE
Starter          $ 25 $ 20
Basic          $ 55 $ 80
Business          $ 145 $ 260
Professional          $ 415 $ 800
Enterprise          $ 1225 $ 2420
Ultimate          $ 3665 $ 7280

 

However, this wasn’t all. The members were either required to buy traffic or buy panels.

PANELS PRICE TRAFFIC REQUIRED(hits) REVENUES
Yellow $ 10              5000          $ 20
Purple $ 30             15000          $ 60
Blue $ 90             50000          $ 180
Green $ 270           135000          $ 540
Red $ 810           405000          $ 1620
Black $ 2430         1215000          $ 4860

 

Simply put, the members were paying for their banner to start earning revenue. The model was seemingly profitable, hence the referrals.

Final opinion

When it launched in 2010, Brokers Banner promised its members that even though its affiliate program was really expensive, they would double back on their investment in no time at all. However, the owners had been running a very elaborate ponzi scheme, as by the time of their arrest, $93 million was seized. However, none of that was company property, so victims to this scandal could only apply to get returns from the companies only asset, a bank account with $6 million.

Legitimate money maker or pyramid scheme? Definite pyramid scheme.

Looking for a 100% Free legitimate opportunity?  Read my review on Wealthy Affiliate

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