Posted by: networkscams | July 2, 2009

Is Cyberwize a SCAM

Steve Albright of Reviewopedia is skeptic about the matter, and though he says a lot, he leaves the decision to the end user or reader. He starts with an introduction about what they market and continues to expose the poor status. Quoting some of his material,

Now, regarding the CyberWize.com business opportunity and other Network Marketing schemes there are several things you should know. After many lawsuits against these types of companies, laws have been passed that prevent them from making false income statements. Moreover they have to reveal how much their members are making in a full income disclosure statement.

Basically this means that a CyberWize rep can’t tell you that they’re making a 100k a year unless they can prove it, and if not then they’re breaking the law. The CyberWize income disclosure statement is very revealing and explains why many people call it a CyberWize scam. This is posted on the CyberWize website.

In 2006-2007, 39,039 IBOs were reported to have had at least one sale. The average annual income for all these IBOs in 2006-2007 was $405.43, the median income was $125.63 and during this period 74% received no income at all.

When you attend meetings and sales pitches CyberWize reps will make it seem like it’s very possible to reach that top echelon. Yet realistically it’s very difficult to duplicate that kind of success unless you’re getting in at the ground level of a company. And along the way you will have to face a lot of rejection, selling to friends and family, and mounting business fees.

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