For Banner Ad call: +91-9312-610-998

 

Tecademics Scam? Yes It Is In My Opinion!

0

Tecademics Scam? Yes It Is In My Opinion!

Tecademics Scam

As the Empower Network falters and less money can be made by recruiting new people, the previous representatives of the Empower Network have moved on to new things.  People like Vick Strizheus and Justin Verrengia are now promoting Tecademics. Have they changed their ways and moved on to promoting something that is not a scam? My subscribers have requested that I take a look into Tecademics.  Here is what I have found.

Tecademics Scam Claims

It has never been done before – NEVER! No one has ever created an educational environment that blends the genius of master entrepreneurs and the time-tested, foundational principles adhered to by all higher-education institutions worldwide – until Tecademics.

Tecademics combines the finest quality education, originating from Master Mentors within the Internet Marketing Industry, with the time-tested foundational principles adhered to by all higher-education institutions worldwide – Instructional Systems Design (ISD)

EVERY PATH WE OFFER CONCLUDES WITH YOU BEING PREPARED TO EARN AN INCOME IN THE RAPIDLY GROWING, OPPORTUNITY-DRIVEN AND EXCITING INDUSTRY OF INTERNET MARKETING.

Here is how this money making opportunity is presented:

Tecademics Scam Presentation Video

Tecademics Scam Reality

Tecademics is the creation of Chris Record and Jim Piccolo. Tecademics was officially launched in August of 2016.

8924 E. Pinnacle Peak Road
G5-500
Scottsdale, AZ. 85255

Here is a little background on the founders of this company:

Chris Record – He has been involved with Amway, Nouveau Riche College, and the Empower Network.  In my opinion, all of these business opportunities are scams.

Here is a video with David Wood and Chris Record explaining their past marketing methods in the Amway scam:

David Wood And Chris Record Amway Marketing Video

This is not the type of marketers that I would want to learn from.

Jim Piccolo – He was the former president and CEO of Nouveau Riche, a company he co-founded in 2000.  He was also involved with Bizzibiz and Real Estate Worldwide (REWW).

Here is a warning about Nouveau Riche:

Nouveau Riche has crashed and burned as Jim Piccolo has turned his attention to his new business, bizzibiz.com. I don’t know anything about Bizzibiz.com, but I do know that Jim Piccolo does not honor his commitments. He has not fulfilled his requirements in his purchase agreements, he has not refunded any of the money, he has stiffed instructors not paying them their money and he has moved his staff into his new business location at Bizzibiz so that no one can reach him or any NR staff. – Source unhappyfranchisee.com

Here is a warning issued by a previous Bizzibiz investor:

Words of warning about multilevel marketing startup Real Estate Worldwide (REWW) were issued by a franchise investor named Blake Warrington. After attending a sales presentation at founder Jim Piccolo’s mansion, he signed up for Piccolo’s former venture, the Bizzibiz franchise program.

A year and a half later, the Bizzibiz franchisees have been all but abandoned and Jim Piccolo is now pitching multi-level marketing-driven real estate seminars and real estate investments through Real Estate Worldwide (REWW). – Source unhappyfranchisee.com

I personally would not give either of these people one dollar of my money.

The Tecademics money making opportunity is presented as an affiliate program with leverage. In my opinion, this is not an affiliate program. It is an Aussie 2-up unilevel multilevel marketing program.

They even limit how you are able to sell their products: Affiliates may not create their own websites to promote their Tecademics opportunity or sell Tecademics products.

At the time of this post, there was no written compensation plan that was available. How exactly does a functioning compliance department miss this for a launched money making opportunity?

Here is what I have been able to piece together from videos and other sources for the details of the Tecademics compensation plan:

Each product that Tecademics offers has to be activated before you can earn money from the sale of the product. To activate a product you need to purchase the product or sell the product to someone else. A 40% commission goes to your sponsor for this activation purchase or sale. If you do not purchase the product yourself, the person that makes the activation purchase for you is passed up to your sponsors team.

Once you have activated a particular product, you are now ready to make commissions from the sale of the product. The first two sales are called Certification sales. On each of these sales, you make a 20% commission and the remaining 20% is passed up to your sponsor. The two people that made these purchases are pass up to your sponsor’s team. Once you have become Certified, you make a 40% commission for the first 4 sales and every 5th sale you make a 20% commission. The person that made the 5th purchase is pass up to your sponsor’s team. This happens for every 5th sale.

This compensation plan uses an infinitely deep pass up system.

The problems with 2-up compensation plans:

The only programs still offering the 1-Up, or any such variation, are relatively recent start ups or blatant money games.

The Aussie 1-Up. Or 2-up, or 3-Up, or any variation of ups. There’s no way to fix this unredeemable, corrupt and historically failed system of compensation, so any variation of it should be avoided.

So with virtually a 100% long term failure rate throughout MLM history, why has the 2-Up refused to die? In fact, it seems to be experiencing a mild resurgence of late. The reason is twofold:

  1. It actually rolls up tons of cash to the company;
  2. It appears to roll up tons of cash to the distributor – on paper.

The 2-Up looks so good on paper because you only see what you get paid on the first level, but they never tell you that this percentage takes a precipitous plunge starting on the next level. You see the number of people you are paid on doubling upward, but are never shown the massive proliferation of sales you are paid nothing on that you would have otherwise been paid on in every other type of plan. – Source Marketwaveinc.com

Many different claims are made about the Masters program that they offer for $10,000.

One of my subscribers took the time to follow up on their claims about the Masters program. Here is what they found:

They claimed the Master’s program was lead by a “team of Ph.D’s” who developed the curriculum to be inline with a learning style used by major universities. The Head of Academic Development – Jack Halloway, they claim, comes from 20+ years at U of P and he was key to their curriculum development and online delivery model. There is a virtual “academic advisor” tool – with a “test” developed by a “double Ph.D.” – a claim made by Jim Piccolo at their Launch Event. I set out to find out WHO these Ph.D’s were, what were the courses, course descriptions, etc.

I was in contact with a couple of high producer affiliates, their online “chat help line”, then eventually Chris Record, Jack Holloway, and Jim Piccolo himself. After almost 3 months of asking, and being told various lies, delays (such as, that isn’t available to the public yet), and being pressured to buy-in to be an affiliate – I final got something from Jim and Jack. The curriculum team are not Ph.D’s – but are Graduate level people who specialize in education…and are independent contractors who have a non-disclosure clause in their contracts. To even get to this point, I had to Facebook post, harass, email, post some more, etc.

Then, more YouTube videos came out…Chris Record saying the courses are taught by Ph.D’s…I started again – sending that video to them….Finally Jack responded that yes, may of the instructors are Ph.D’s. – but of course that info is not available. Chris Record said there will be “majors” – I asked for a course listing or the description of the options to major in. No answer. They started to question me…was I a reporter? Why am I bothering them because it is clear I am not interested in the program. They said that this is for serious people who want to make 6 figures “scaling their business” and working with leverage – all that bull shit lingo.

It is amazing what you have to go through to verifying the claims that are made by Tecademics representatives.  I believe few legitimate customers will take the time and will pass on this training.  In my opinion, only people looking to make money with the money making opportunity will spend the amount of money necessary for this training.

Cost

It is free to join, but you will need to purchase each product or forfeit your first sale to begin to make money.

If you purchase the products, it will cost you $12,000 and $100 per month.

Products

T.E.C. The Entrepreneurs Club – $100 per month.

IMPACT Internet Marketing Principals and Core Training – $2,000.

MASTERS College of Internet Marketing – $10,000.

– Source Tecademics.com

The products they offer are Internet marketing training.  In my opinion, there is nothing to back up the quality of these products other than buzz words.  They try to use Instructional Systems Design (ISD) to give legitimacy to their training. ISD is a method of creating training.  It does not mean the training is actually valuable.  If you put garbage into the method, you still get garbage out.

Compensation Plan

At the time of this post, no written compensation plan was available. How exactly does a functioning compliance department miss this?

Here is a video by Chris Record that explains the compensation plan:

Tecademics Scam Compensation Plan Video

The compensation plan has 3 stages: Activation, Certification & Compensation.

Each product that Tecademics offers has to be activated before you can earn money from the sale of the product. To activate a product you need to purchase the product or sell the product to someone else. A 40% commission goes to your sponsor for this activation purchase or sale. If you do not purchase the product yourself, the person that makes the activation purchase for you is passed up to your sponsors team.

Once you have activated a particular product, you are now ready to make commissions from the sale of the product. The first two sales are called Certification sales. On each of these sales, you make a 20% commission and the remaining 20% is passed up to your sponsor. The two people that made these purchases are pass up to your sponsor’s team. Once you have become Certified, you make a 40% commission for the first 4 sales and every 5th sale you make a 20% commission. The person that made the 5th purchase is pass up to your sponsor’s team. This happens for every 5th sale.

This compensation plan uses an infinitely deep pass up system.

Income Disclosure

Any claims made of actual earnings or examples of actual results should be viewed as entertainment or educational information based on subjective information. Your level of success in attaining any results used in any of our materials, presentations and the use of our products and materials depends on the time you devote to the program including, but not limited to, your ideas and techniques, your knowledge and various skills. Since these factors differ by individuals, we cannot and do not guarantee any success or level of results or average earnings.

They have such an effective program that they can’t offer you anything to verify that they have an effective program.

Return Policy

Tecademics offers, through its Affiliates, a 100% seven (7) day money-back guarantee to all retail customers. Every Affiliate is bound to honor the retail customer guarantee. If, for any reason, a retail customer is dissatisfied with any Tecademics product or service, the retail customer may receive a full refund of the purchase price (less shipping costs, if any) if it is requested in writing within seven (7) days from the date of purchase.

Tecademics Scam Conclusion

In my opinion, Tecademics uses affiliate marketing and Instructional Systems Design (ISD) as a cover for running an Aussie 2-up unilevel multilevel marketing scam.  With the backgrounds of the founders of this company, I personally would not give them one dollar of my money. These are not the type of marketers that I would want to learn from. Affiliates may not create their own websites to promote their Tecademics opportunity or sell Tecademics products. They do not guarantee any success or level of results or average earnings. Only people looking to make money with the money making opportunity will spend this kind of money on this training.  They offer only a 7 day money-back guarantee. I would avoid the Tecademics money making opportunity.

The post Tecademics Scam? Yes It Is In My Opinion! appeared first on Ethan Vanderbuilt.

http://ethanvanderbuilt.com/2016/10/18/tecademics-scam-yes-opinion/

top-5-australian-business-directories-free-listing

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 52 other subscribers

10/18/2016 |

Leave a Reply

Send this to friend

Skip to toolbar