The Company: Likes XL
Current CEO: Peter Kolar
Startup Cost: €50
Full Review of Likes XL
I took a look into this company and unfortunately there wasn’t much good to say. There is no shortage of complaints and bad reviews on this company online and for good reason. One of the key players in this, Dr Marcus Rossman, claims to have been on the board with MaterCard and was ‘given the green light’ to launch LikesXL with their full backing.
Here’s a couple of screenshots taken from a RealScam.com thread that shows an email sent by affiliates:
This is a blatant lie and M/C have since completely denied any kind of endorsement of the company. The also claim to have been accepted by Paypal which is yet another load of waffle, I cannot see this option to fund or withdraw anywhere inside the members area.
In fact, there are many examples of false and misleading claims made by this company in an attempt to lure people into their scheme.
How This Works
Probably the biggest thing that annoyed me about this company is how backwards the members area is put together. It did not explain how this opportunity works or even what the real income potential was by any stretch.
Why am I buying an ad pack exactly? How much money will it make me? How am I making money every 30 minutes and why do I need to surf 10 ads per day? Hands down the worst explained opportunity I’ve ever come across, with an equally vague members area to go with it.
Here’s what they do give you:
They have no problem explaining how much money you should invest though as you can see.
Ad Packs & How You Make Money With Them
Each ad pack costs €50. Cool, they do explain that part! I dug around to piece the rest of this together. Each pack pays you a 20% ROI, something they do not explain anywhere in the members area. Pretty critical piece of info to leave out don’t you think?
You are able to purchase a set amount of these according to what ‘rank’ you purchase. Each rank costs X amount per month.
You are automatically given ‘Gold’ rank to start off with for one month but after that you must upgrade to another rank of your choosing, or stay free and earn practically nothing. Each ad pack gives you 800 included views on an ad of your choice in the same fashion as a traffic exchange, in other words bottom of the barrel traffic that won’t do much of anything.
Why? Because people only view your ads to earn credits so people can view their ads. It’s a pretty big waste of time in my opinion.
It is unclear how quickly that 20% is paid out but from what I understand they claim to pay out anywhere from €0.35-€1.20 per day until you hit €60 for each ad pack. The earnings you receive from these ad packs isn’t really the full 20% though, since the company automatically withholds 5% of ALL earnings to put back into your account to be spent within the members area.
So despite people running around telling folks the ‘Ad Packs’ will pay you a lifetime ROI, that is simply not the case. Here’s an interesting statement made by one of the companies reps that explains “what they really meant” when they said this. If nothing else, it’s good for a laugh:
Let me see if I have this straight… the packs do expire but they kind of don’t because they have ‘money babies’… who the heck are these people??
FACT: Each ad pack expires at 20%. End of discussion.
If this is the sort of people behind this operation then it won’t be long before it’s dead in the water. Why not simply explain to people what is really involved instead of all of this confusing nonsense? It makes no sense.
The real money is made when you recruit others, who recruit others. This works on a uni-level compensation plan meaning you can have unlimited numbers of recruits on each level. This particular plan pays you 5 levels deep. To unlock the ability to earn in your downline you must pay €60 for each level between 3-5:
The earnings on your downline come from the purchase of ad packs. As you can see, Blue rank isn’t great as it only allows you to earn on one level deep at 4%. Green- Diamond rank includes the ability to earn 2 levels deep automatically at different rates but to unlock levels 3-5 requires an annual investment of €180 all up.
Maintaining Your Account
In order to be qualified for commissions and continue earning within this company, you are required to ‘surf’ 10 ads per day which shouldn’t take you any longer than a few minutes. This is very common amongst these kinds of platforms.
This is something that really caught my attention and I felt was worth brining up. Take a look at the kind of information they require you to give them just to open an account:
Plus submitting your drivers licence if you want to be paid:
Why would they need all of this information? It seems a little over the top in comparison to many other similar sites in this space. Maybe they do need this for legal reasons but I have to say with such a shaky looking operation there’s no way on earth they’re getting all of this information from me. Call me skeptical.
In my opinion, giving these people such sensitive information is a significant risk all things considered. They literally have ALL they need to sell your information for all sorts of dubious reasons. I am not saying they will do this so please do not take that as gospel. I am saying that in the overall scope of things, providing this much information to a website like this is very risky.
If It Looks Like a Ponzi…
Existing investors get paid from the revenue gained from new investors buying ad packs and there are no genuinely marketable products or services being offered. As such, this operates very much like a ponzi which is not a sustainable model. While it might pay for some time, eventually people lose money. It’s just how these schemes work.
What I Liked
- Potential to make some ok money in the short term
What I Didn’t Like
- Lots of unsubstantiated claims being made and misleading marketing hype
- Operates very much like a Ponzi scheme
- The lack of proper explanation on how the scheme really operates
- Asking for way too much personal information
From the complete lack of information given to members to the nature of such a scheme, I am not in a hurry to invest money into this. I’m also not a huge fan of the style of advertising platforms like this offer. It’s realistically just members advertising to other members which means at best it only works well for similar ‘biz op’ style ads. It might pay out for a while and people may be making money, yes… but that does not mean it will continue or that it is a legitimate business model.
I’m not saying all of this to be negative, but I think it is important to be aware of the other side of the coin with things like this, before diving in. Either way, this is not something I recommend.