Is BannerBit A Scam? Get The Truth Here! [Review]
Looking for Independent BannerBit Reviews?
There is a lot of chitter chatter online about "ad flipping" and "BannerBit", and yes, the word scam is getting thrown around a fair bit.
But Is BannerBit A Scam?.
That is exactly what I am going to investigate in this article.
First things first, allow me to extend a cordial and warm welcome to my site and thank you for seeking out independent reviews by independent bloggers.
This is how you find out what a site and opportunity is really like, avoid getting scammed and find a genuine way of making money online.
So, Is BannerBit A Scam or Legit?
Keep reading to find out!.
BannerBit Review
Product Name: BannerBit
Founder(s): Unknown
Product Type: Fake Advertising trading/investing platform
Price: Up to US$250
Best For: Nobody
Summary: BannerBit is not new, been around for a few years a yet I cannot believe I am the first to call it out for what it is - a Ponzi Scheme. It is a clear and obvious scam.
Rating: 0/100
Recommended: No!
Because You KNOW You Deserve A Better Life. The Question Is: Will You Step Up And MAKE IT Happen?!?
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BannerBit is an online advertising trading platform that offers the public the possibility of investing and trading on the trends of different brands online in real time based on their prices of their adverts.
The concept is very easy to follow.
If a company or brand releases a new product for example, the cost of their advertising goes up. If you had invested on that advert when the price was lower you would then have made money.
The principle is the same as the stock exchange and how stocks, shares and commodities are traded.
One key thing to keep in mind. This is what would be considered by the SEC as an unregulated security - the same as cryptocurrencies.
That's right - the securities and exchange commission does not regulate this type of investment.
Which means the company behind BitBanner is completely unlicenced and unregistered to sell or recommend advertising flipping as an asset.
The BannerBit website does not provide you with any training at all in regards to advertising flipping or what to look for or how to identify profitable opportunities.
None At all!.
How Does BannerBit Work?
The BannerBit Scam is one that has pulled the wool over the eyes of many non-affiliated and independent reviews of BannerBit.
Others are singing the praises of banner bit are doing so simple because they are affiliates and thus it is in their financial interest that you join.
The company that own the BannerBit web site are large media buying company called Volo Corporate LTD, this however does not make the sale or unregistered securities as legal and legit!.
Let's talk a bit about the company and what they have on offer.
The Key Features Of BannerBit
1. The BannerBit Marketplace
This where you see will the literally hundreds of different advertisements from well known and well established brands like Toyota, Lenovo, Nike, McDonalds, Adidas and so on.
All that is apparently required for you to do here is look through the list of advertisers and select the advert that you wish to purchase.
2. The Network Of Publishers Websites
The advert that you have selected from the step above will be distributed across a global network of websites reaching a world wide audience of potentially millions of viewers and users.
3. 5 Different Available Packages
When you have decided to join (don't!) you have 5 packages to available:
- Diamond
- Platinum
- Gold
- Silver
- Bronze
4. Make Money With Every Click On Your Advert
Once you have selected your appropriate package you earn money based doing diddly squat!. (nothing at all!).
How you apparently make money is someone clicks on the advert that you have bought and you get paid.
Obviously the more clicks the more money you can make.
(This where the "Equestrian Excrement" became obvious - I'll explain later).
5. As A User You Can Also Sell Your Adverts
You can not not buy adverts on the BannerBit website you can also sell your adverts to other members and I quote here "for up to a 500% profit".
Uhh huh...why would I want to buy your advert for 5x its price when I can go back to step 1 and buy from the market place at 20% of that price?.
Now it all coming together...What was that guys name again? Chaz, Charlie..ahh yes..Mr Charles Ponzi!.
This is, in my opinion, no questions about it - a solid Ponzi Scheme!.
6. Additional Ways To Make Money
Apparently, there are more ways to make money including shorting ads or taking put positions - remember adverts cannot be bought and sold in this fashion (other than on this website) and are unclassified and un regulated securities.
Is BannerBit A Scam? To me it certianly looks likea Ponzi Scheme! #ScamAlert #PonziScheme.
Making Money From Ads The Real Way!
Why BannerBit Is Utter BS!
Making money from adverts is actually very possible and genuine. It is about Where the adverts are placed, and yes you do earn on a per click basis.
This is where the confusion arises.
With The BannerBit Scam you are not actually owning or controlling any digital asset. There is no logic in why you should be paid for any clicks generated.
Just because you "bought the ad" (technically got scammed!) does not mean anything.
If I have ads on my site (some of my other sites do have ads) I get paid on per click basis. I am paid due to owning and controlling a digital asset - My website, with the actual value in my asset being the traffic that I have.
I am effectively speaking paid for bringing traffic to an advertisers website on a per click basis.
As the owner of a digital asset I can also sell advertising space for a set fee.
With what BannerBit is offering is defying all logic of online business.
Even if you actually did own the advert you don't own the traffic source (where it get placed) and have no claim at all for being paid on a per click or per impression basis.
For one that fully understands online business and business in the digital world there is no logic to what BannerBit are trying to tell you or sell to you.
You don't even own where the traffic is taken to when the"your" ad gets clicked. Effectively a middleman, an agent. There is no logic in you getting paid at all!.
You don't own the traffic source, or the destination or even the advertising agency (which would be BannerBit!) but somehow and for some reason you are going to be paid because you bought an advert that was made and designed and optimised by someone else?.
Absolutely senseless!
Evidently this is not actually going to be a solid and reliable way of making money.
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Is BannerBit Accredited By The BBB?
Something I always check out and investigate. By checking out the Better Business Bureau for accreditation and a rating I can get an indication as to how trusting and how legally a company conducts business.
It should come as no surprise that BannerBit are not listed by the BBB. By default their official status is unaccredited and not rated.
Common Complaints
It is hardly surprising there were a number of complaints from users of BannerBit about not being able to withdraw their money and being locked out of their accounts.
The "money" that you see in the members area is in reality only numbers on a screen. It not "money" and you will not see any of it.
Fake Testimonials!
Something that is very common for scams to do is to hire actors to give a fake testimonial
I'm sure you remember the guy from their testimonial video that claimed he had been making money flipping ads since 1997?
Flipping heck!.
I found the guy on Fiverr in 2 seconds flat!.
The obvious question now arises...
If
..
Do they even exist?
Recommended: This Is Exactly How I Earn A Mid 4-Figure Income
What I Liked About BannerBit
Being a proper positive Pete and a glass full kind of guy I usually do make some remark in regards to something good that I find about a product or opportunity.
That plus side may be a returns policy, a product guarantee or a refund policy.
Only in a handful of occasions I have had to say this.
I find nothing good about BannerBit!.
What I Did Not Like About BannerBit
It is is obvious by now that I don't
- Not Registered With The SEC
- Selling Unregistered Securities
- Selling a Fake Investment (ads come on!!)
- Fake Testimonials.
- Appears To Be A Ponzi Scheme!
Can You Make Money With BannerBit ?
Hell no!.
There is no money at all to be made with BannerBit. It is in my opinion an obvious Ponzi Scheme.
Is BannerBit A Scam Or Legit?
In my opinion BannerBit Is a Ponzi Scheme - It has all of the characteristics of a similar online ads related Ponzi Scheme that I fell for for 5 years+ back, which lead to inspiring me to create warnings about such scams.
I'm seeing all the signs in this one. In my opinion, yes a scam!.
My BannerBit Review - The Final Conclusion
There is no short cut to success, there is no elevator. You must take the stairs.
Magical BS programs like this one will always exist trying to convince you that you will make money with a variety of method all the while doing very little.
Even if this crazy BannerBit did work ask yourself what would you have learned about the process of making money online?.
What skills would you have learned?.
What would you be able to do when the opportunity ends?. Back to square 1?
Rather than invest in ads - invest in yourself and learn the skills that is takes to succeed online. Once you have the skills quite literally a who new world will open up for you.
It is the skills that make you succeed not the actual opportunity.
And when you have the skills you will see from new eyes and a fresh perspective just how easy it is to make money online.
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