Today we will be reviewing a company known as GSPartners. Is this company legit? Find out in this GSPartners review.
Online, there is an abundance of programs that claim to offer life-changing chances for those who choose to participate in them.
Work-from-home opportunities are becoming increasingly popular among people. It has now become regular practice for some companies to offer work-from-home options to their employees.
Investment opportunities involving stocks and cryptocurrencies are becoming increasingly common as their popularity continues to grow.
The result has been a flurry of apparently out of nowhere investment platforms that have popped up in recent years. They guarantee that investing in those platforms will result in a passive income in the form of interest.
As a result of the vast number of people who follow influencers and internet gurus on social media, the “be your own boss” trend has gained major traction.
This company is a firm that claims to generate passive income through the purchase of their stock and the encouragement of other people to purchase it as well.
On the surface, it appears to be a legitimate investment opportunity, but it also has the potential to turn into a pyramid scheme. It remains to be seen whether or not they have any credibility.
Before you decide to look into joining this company, you should read this GSPartners review first. You should check if it is worth your time before you make such a huge decision.
DISCLAIMER: This is a fully independent review. I’m not affiliated with GSPartners in any shape or form whatsoever.
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GSPartners Review: Quick Details
- Name: GSPartners
- Website: https://gspartners.global/
- Socials: Facebook Group
- Type: Crypto investment company with MLM business tactics
- Niche: Cryptocurrency
- Owner: Josip Heit
- Recommended?: In any way, shape, or form, this platform cannot be trusted. They make false advertising promises, such as claiming to deliver a very high return on investment (ROI) in order to attract customers. The decision to put your faith in this firm will be unquestionably a bad decision. To be honest, I have a far superior opportunity to this one that is guaranteed to be legal and that can earn passive income for you instead.
What is GSPartners?
GS Partners is a multi-level marketing business that pays commissions in cryptocurrencies and provides educational opportunities regarding the cryptocurrency industry.
The most effective way to make money with GS Partners is to establish a downline of team members through the use of an MLM compensation plan.
There is also an additional opportunity to make money through the use of their own digital coin, which I will discuss further in the review.
When deciding whether or not a money-making opportunity is worthwhile to pursue, I like to conduct preliminary research on the company’s founder and the individuals in charge of running it.
When I checked around the company website, I was unable to locate any information on the proprietor, which was disappointing.
After doing some research on the internet, I discovered that Josip Heit was the one who founded GS Partners.
Previously, he served as CEO of a firm that went tragically wrong due to the actions named Karatbars. Unsurprisingly, became a huge disaster, with Josip being forced to try to clean up his mess.
It didn’t turn out well, and many countries labeled Karatbars with public health warnings as a result.
Looks like this guy got caught doing scummy deeds, and is back to doing them again. Yikes.
Who is Josip Heit?
Josip Heit found himself in trouble when Karatbars folded, so he decided to launch another company as retribution. However, this new company wasn’t so different from the one that died, though.
A flamboyant rebranding of proven scam investments is offered in response, but the reconciliatory piece receives a resounding rebuff from dissatisfied customers.
Between now and then, KaratGold aims to relaunch in several forms, beginning with Gold Standard in 2020 and afterwards with G999. Freebay and its accessories have the imprint of the company’s public relations campaign.
Certainly, the public radar career route map is a bit dramatic, and it is also a severe Ponzi scheme. The present GSPartners were also born out of what is said to be a squabble between its developer and the owner of Karatbars.
A G999 crypto coin, however, remains as a vestige of the company’s previous principal, the KGC.
Is he legit?
Because of his long history of dabbling in Ponzi schemes, multi-level marketing, and crypto scams, Josip Heit has received a lot of bad feedback online.
The most outspoken of the dissenters claims that G999 is essentially a cleanup operation Heit did to try and clear his reputation.
Furthermore, because GSPartners does not reveal any concrete assets, its G999 token launch could very well be a charity endeavor, with the result that its holders gain an understanding of the “finders keepers” mentality.
This also demonstrates that the G999 token does not have a monetary value set by the market.
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How Does GSPartners Work?
Referral Commissions
Sales and recruitment commissions are earned as a consequence of the sale or recruitment of new members using your affiliate link. This link is provided to you once you become a paid qualifying member with GS Partners.
Every paid member that you bring on board will earn you a commission, as well as a variety of additional advantages.
I’ve included a video overview of the compensation plan which I found. This will explain the other components of the compensation plan in greater detail, as well as provide examples.
Affiliate Ranks
In any multi-level marketing firm, there is a structure in place that allows you to earn more money within the confines of the compensation plan that the company provides you with.
If you generate a lot of sales volume, your ranking is usually determined by the quantity of volume generated by your downline group.
A particular number of personal members, as well as a certain quantity of personal volume, will usually be required to complete the task at hand.
You and your downline team will qualify for a higher rank as a result of the higher volume amount that you and your team generate. More ranks will result in higher commissions as well.
The G999 Coin
Members have the opportunity to purchase these coins at a discounted rate, and the corporation claims that the value of the coin will double, triple, or even more once it is made available to the general public.
GS Partners promises that it can provide you with yet another opportunity to potentially profit from your investment.
Is GSPartners a Scam?
In this section of the GSPartners review, we will be answering whether the company is legitimate or not.
According to the information that I’ve gathered about the GSPartners and its business plan, I guess it is fair to say that GSPartners is indeed suspicious.
There are a couple of red flags that I can identify, but I’m not sure if I can accuse GSPartners of being fraudulent just from my assumptions.
GS Partners does not appear to have any retail products at this moment. This is despute the fact that several nations have legislation requiring all multi-level marketing businesses to offer retail products or services to its customers.
Well, in this regard, it already looks like GSPartners is already breaking the law.
This is something that I believe may be easily corrected and that may be fixed in the near future. Or, you know, maybe they don’t really plan to correct it at all, just like what most MLMs in this niche do.
Additionally, the corporation offers a G999 coin, which is a publicly traded cryptocurrency. However, some believe that the value of the coin is tied to the number of new members who are recruited into the organization.
Well, I can see why they would think that, you know. After all, it is fairly evident that they reiterate people in the firm is important.
Along with these, the ROIs are also questionable, at best. Where are they even getting the money from? It is mostly from people who continue to join the company.
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10 Shocking MLM Statistics that You Need to Know!
- Almost 99% participants of all multi-level marketing companies lose money, according to the FTC.
- There are 38% more chances of you profiting from your own any kind of small business than joining these MLMs.
- Success rate of an online business, which will give you financial and time freedom, is 20% more than joining MLMs for making money.
- The odds of you winning a lottery worth $10k among 10,000 people is 300 times higher than actually making money from MLMs.
- According to the AARP foundation, 47% distributors of all MLMs lose their money. Apart from this, 27% do not make a single penny.
- In the remaining 26% that actually make money, 53% of them make less than $5000/year.
- 39% of those 53%, who are making $5000/year quit because recruiting and selling crappy products to friends and family members jeopardized their relationships.
- Forget about building a long term business with MLMs, because 50% of all MLMs participants quit within one year.
- 75% people that joined MLMs say that they will never again join any kind of MLM.
- A poll was conducted in 2018 among 1050 MLM distributors and it was concluded that most of them made 70 cents an hour and 20% of them did not make a sale. 60% of them made less than $500 in sales over the past 5 years and 32% of them acquired credit card debt to finance their MLM involvements.
SOURCES:
Final Verdict – GSPartners Review
Before I end this GSPartners review, I would like to share a few more insights that could help you.
The findings of our GS Partners review, as well as our overall conclusion, may not be what you were expecting.
Such programs come across our desks on a daily basis, and we can’t see any justification for you to put your money into one of them.
We don’t care for this type of opportunity, which preys on people who are unfamiliar with cryptocurrency and are susceptible to being duped by advertising hype.
The possibility of earning 500 percent or even 5,000 percent on your investment exists, but it is unlikely that you will receive any advice along those lines as you join the company.
It’s true that you may make money on initiatives like this all day long; however, timing the market to ensure that you make money is the tricky part.
It’s also possible that you’ll try to sell but find that no one is interested in buying and the price will plummet as a result of lack of demand.
So, what does that leave you with? Nothing.
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