Wazzub is a pre-launch landing page that claims that it will pay users a portion of the profits for signing up to use it as their homepage before it launches on April 9, 2012. Basically, they say that if you sign up three other people , no payment is required. , no investment required, you qualify for profit sharing. You will also earn money from people who register your email for their friends. Like any Internet business, the question arises: “Is this a legit opportunity or is it a scam?”
To determine this with the facts at hand, we have to look at the business model. to the bottom:
- Wazzub has the aspect of filtering the profits of a multi-level marketing business.
- Because it is in pre-launch, the specific details of the directors and the structure of the company are still being determined.
- Because the registered owner, Cathy Halverson, is an agent for the company (and many other businesses), some people feel this makes the company suspicious. It has been said that she has no real input into the company structure and apparently this method of registration was done for tax purposes.
On the bright side, looking at the definitions of illegal pyramid schemes and multi-level marketing, there is reason to believe so. lacks an essential element that these two models You have to have be considered illegal.
- Wazzub does not ask you or the people you refer to invest money.
- Wazzub does not ask you or the people you register to make any sales or purchases.
- They have a physical office headquarters (actual members are present on site) in Las Vegas, Nevada. They have also been recorded in Oregon.
- The business model of sharing profits with users is possible and has been successfully achieved by other companies.
The definition of a pyramid scheme always involves people investing money and having others join and invest their money. Eventually the pyramid collapses when the recruits run out and then the people “bottom” the pyramid lose all their money. Wazzub is not asking for money or investment, so it is No, by definition, a pyramid scheme.
Wazzub has the filtering element of a multi-level marketing model. Multi-level marketing is not illegal, but it can be a dubious venture. Some commonly known multi-level marketing companies are Mary Kay Cosmetics, Avon, and Amway. Wazzub does not have the same sales model and does not ask users to buy or sell anything. Ask to generate email logs.
As for the comparison to pyramid and/or multilevel marketing schemes, there is no big red flag that screams scam. When money is not invested or requested, there can be no loss of money. Basically there is nothing to lose.
Given these facts, it could indeed be a legitimate profit-sharing opportunity. However, no one can predict whether a company will make a profit even before launch. I don’t agree with labeling it a scam before it has had a chance to prove itself. Still, anyone involved in making money online should exercise some caution in their expectations of making a profit. Until they’re actually launched, they don’t have to specify how the actual payments to users will be made.
The bottom line is that while this is not what it is, a scam, many people are suspicious because at pre-launch, there is a lack of clarity in both the business model and ownership structure. I personally think that because they are not asking for investment or money from their users, the only real issue is whether users will get a piece of the potential profits. Wazzub in pre-launch, it’s not a scam but whether the gains will be there to be shared remains to be seen.
