Friday, January 11, 2008

PRODUCT REVIEW: Megacycler.com

Ok, let's have a look at the stats first:

Total Positions: 3379
Total Withdrawn: $3,875.92
Member Count: 745
Paid Members: 293
Free Members: 452
Total Sales: $21,708.29
Total Paid: $13,246.81
Last Member: stephlebo
Last Joined: 1/11/2008
Running Time: 26d 1h 48m

They are more than 50% of the way through their reserves. But what does the $3.8K withdrawn mean vs paid out of $13.2K? Puzzling, unless this cycler allows compounding! And that's not good for you! Good for the Admin, as it keeps money in the system for a long time and when they hit 80% of reserves paid out they will run with the money.

And there are ONLY 293 paid members as of this review (after running almost a month). That means.... very high risk! A successful cycler or HYIP needs a few thousand paid members, not a few hundred. This one is struggling. I would NOT risk my money in this one. Not a penny.

Now here are two cyclers that ARE successful and are cycling very well and can be trusted: 10DollarsWonder and e2epay.

1 comment:

buffalowhisper said...

Hi, 10dollarswonder looks like it's a non-North American program (English doesn't seem to be their first language)...which seems like a perfect position for close down; it's confusing (of course I know it becomes clear when you're a member) but other than being recommended by a credible source such as yourself, I don't see how/why anyone would feel confident joining; it seems to have been around long enough that it might not continue as long as some of the other newer cycler programs.

That having been said, I am interested in a cycling program just to see how they work. And if you recommend it, then I will definitely pay attention. But I'm wondering if you could address my questions. Thanks.