Online based jobs are slowly creating their name in the business scene these days. One of the possible reason is because individuals want to earn money at the easiest and fastest way at the comfort of their home. And one of the rising online business entity is PlanProMatrix.
Imagine? With a few clicks using your smartphone, you can already earn a certain amount. But whether the business you’re working for is a scam or not, it can never be too late to find out. With the wide possible results within a few mouse clicks, you might want to research more before you even invest and get things started.
What Is Planpromatrix?
First of all, what is this famous online business that is currently making Filipinos try it out.
PlanProMatrix is an online-affiliate business founded in 2013 that aims to provide a home-based income-generating platform to people. They have three kinds of “jobs” to choose from: e-loading, data encoding and being an advertising agent. We will further discuss about these jobs later on.
In addition, PlanProMatrix Online CO. is a Security Exchange Commission’s (SEC) registered partnership headed by Mark George B. Naval, CEO and Junnel Millano, Operations Manager.
All you need to do to get started is to sign up on their site and pay a fee of Php 600 for the Starter Package and Php 1,850 for the Premium Package. There are certain perks of course that a premium member can have than the starter member like incentives and such.
Jobs You Can Do for Them
PlanProMatrix E-Load
You can be a dealer for an e-loading business upon successful registration. These includes top Philippine networks such as Globe, Smart, Sun Cellular and Touch Mobile. They also sell loads for other services.
There are less reviews on how the effectivity of this one is, and how much you can earn from it.
PlanProMatrix Data Entry
The data entry job PPM pertains to is about CAPTCHA encoding. CAPTCHA means Completely Automated Public Turing test to tell Computers and Humans Apart, which is the text or image you are required to input on various websites to eliminate bots from humans. This method is used by site owners to prevent spammers and hackers from doing something through “Bots”.
These bots are used by cybercriminals to hack passwords of Facebook, Gmail and other accounts.
Based from a research in the University of California, the retail price for solving one million CAPTCHAS is as low as $1,000. That is about $1 for a thousand CAPTCHAs.
PlanProMatrix Advertising Agent
Now, this is basically what most people want to do as e-loading service and data encoding doesn’t pay much. Being an advertising agent means referring the site to other people to increase their profit from registration fees.
The company promises the following six ways to earn as an advertising agent:
- 2×1 Matrix System wherein a member makes Php 300 for every two recruits
- Pass3Unli wherein a person earns Php 50 for his 2nd, 4th, 6th, 7th and so on direct recruits while the Upline earns Php 50 from the former’s 1st, 3rd and 5th direct recruits.
- Unievel/Indirect Referral Commission wherein you earn Php 5 for every direct recruit and the recruits of his downlines up to the 10th level.
- Profit sharing wherein you are required to recruit five direct downlines every month and you will be entitled to share a portion of the income appropriated by PPM.
- Binary Matching Bonus wherein a member gets Php 100 whenever his downlines activated their respective binary.
- Binary Direct Downlines Commission wherein a member can earn Php 30 for every downline that activates their respective binary.
So basically, as an advertising agent, you earn through referrals you make under certain conditions like being a direct recruit or an underling.
PLANPROMATRIX: The Real Deal
How profitable is PlanProMatrix?
Unlike its advertisements, in the form of testimonies, which shows members earning up to Php 100,000, we can never be sure about those, as the reality is you really cannot earn that much from this online business. Or maybe you can, but certainly not in a month.
While many has labeled PPM a scam, it is not literally a scam. It is real. You can earn from it. But in terms of earning enough, I don’t think you can.
Some reviews call PPM’s business a pyramid scheme. According to Investopedia, a pyramid scheme “is an unsustainable business model that works by recruiting an increasing number of members at different levels”. Furthermore, this scheme requires members to pay an upfront cost and this cost makes for the promised payments. This is what precisely PPM does.
Is it worth trying?
Based from reviews and former members, it is not.
There is no doubt that PlanProMatrix is an SEC registered company, however even SEC released an advisory against them as what they do requires a Secondary License, which they do not have at the moment.
The reason why SEC issued the need for a Secondary License is because what PPM sells is an investment contract wherein you’ll be needing the license before doing so. An investment contract according to the Amended Implementing Rules and Regulations (IRR) of Securities and Regulations Code (R.A. No. 8799), is a transaction of scheme whereby a person invests his money in a common enterprise. Then, he is led to expect profits from the efforts of others.
However, the advisory released by SEC is just to warn the public to transact with caution with PPM. There is no Cease and Desist Order (CDO) issued yet thus the company can still continue on its operations.
Bottom line is, members make money in PPM because of their recruitment system. People at the top take commission from the people at the bottom explaining the pyramid scheme earlier. And upon failing to recruit more people, this business could go down.
There has been a lot circulating online. Pictures of people in their own bed of cash smiling happily. But it wouldn’t hurt to do a quick Google search on its legibility and how it works.
Earning money can never be easy so do not try to always find an easy way out.
If you are looking to make money from home, this offer from a legit company, Builderall, may be right up your alley! You can learn more in our Builderall review.
