Welcome to this third party unbiased Richmond Berks Review!
The recent proliferation of MLM companies has made it harder to distinguish between ones that are fake and those that are genuine. It is in your best interest to carry out thorough background research to be sure that you are making the right choice when working with other businesses. A detailed review of the company Richmond Berks can illustrate the process of evaluating risk and whether the organization is legitimate. The intention is to look at the background, compensation plans and products of the individual company to judge the pros and cons of their presentation.
This review will help determine whether the business is fake or legitimate.
Richmond Berks The Company
Let us begin by looking at what Richmond Berks shares about themselves on their website. Richmond Berks started in 2008 when two young entrepreneurs Kint Berks and John Richmond caught up with each other at an auction event. According to the website, friendship grew from that initial event and resulted in the company that they formed together with two other brokers a year later.
Purchasing of real estate properties at auctions was their primary activity according to the website. In 2016 Richmond and Berks sold their shares due to a clash of interests and started another company which they named, Richmond Berks.
This information was obtained from Richmond Berks website, depicting the registration of their website in September of 2016. While this was informative, we did not find any personal details about Klint Berks or John Richmond before they launched their company. Their biographical information is not listed on their business website, and the domain of their website was registered privately.
Richmond Berks Products Review
Richmond Berks does not sell any services or retail products. Thus members who join Richmond Berks can only hold out hope for marketing and selling their affiliate memberships.
Members interested in the company’s compensation plan must take part in the companys plan by buying the Richmond Berks Dollars (RBD). You need to know that the RBD is an internal system that does not carry any value outside Richmond Berks. Employees stand to gain 1.4% on a daily basis based on accrued RBD points and 0.7% points during the weekend. Affiliates can only make their withdrawals in the USD, but the company keeps half of each withdrawal transaction.
Affiliates also stand to get rewards by doing certain activities with Richmond Berks. The company’s bonus scheme works in the same way as the RBD points. This is the reason why you stand to gain 0.05% ROI daily. Money invested by down line affiliates comes with commissions paid out in 2 recruitment levels.
- Level 1 attracts a 10% commission
- Level 2 attracts a 5% commission
It is free to join Richmond Berks and become an affiliate member but all you will be required to invest in the RBD plan to participate and benefit from the compensation plan. Now we move on to the most awaited part of this review.
Richmond Berks claims to mint money by trading in real estate properties, but there are two problems that we found with this picture. First, there is no biographical information of either one of the founders listed on the site. Second, the company’s website remains anonymous because it has been set as private.
The other troubling issue is that they claim to have employees despite the use of fake photos from stock galleries. Further research led to the discovery that they don’t have an SEC registration even though they promise that those who invest with them will earn ROI’s. This alludes to the possibility of getting ROI’s. It may suggest an arrangement where sponsored members pay off the existing members.
Our overall verdict is that this is a scam. However, they can change our minds with more proof of external revenue sources funding the ROI’s. This review shows that despite some quality website information, there is a larger risk associated with the website and business. This comprehensive review strategy can be implemented for other companies in order to evaluate them.
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