There is no information whatsoever on the InnovAds website indicating who owns or runs this business.
Registered on June 22, 2016, the InnovAds website domain, innovads.com, registration is set to private.
As always, if an MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
InnovAds Product Line
Unfortunately InnovAds has no retailable products or services, with affiliates only able to market the company affiliate membership itself.
After signing up, InnovAds affiliates invest in “Ad Packs” in order to be able to participate in the attached income opportunity.
Together with each Ad Pack investment are advertising credits, which can be used to display advertising on the InnovAds website.
InnovAds Compensation Plan
InnovAds affiliates will invest $50 on the guarantee of an advertised 120% ROI.
When an affiliate pays $25 a month, the ROI is then increased to 150%.
In order to qualify for a daily ROI payout, InnovAds must click on ten company-supplied advertisements.
Note: Free InnovAds Affiliates must re-invest 50% of all ROIs paid out. Paid InnovAds affiliates must reinvest only 20%.
Referral commissions are paid out through a uni-level payment assembly.
A uni-level payment assembly puts an affiliate at the top of a uni-level team, with every personally recruited affiliate placed directly underneath them at Level 1.
If a Level 1 affiliate recruits a new affiliate, they are then put onto Level 2 of the original affiliate’s uni-level team.
If a Level 2 affiliate recruits a new affiliate, they are then put onto Level 3 and so on and so forth down a hypothetical endless number of levels.
InnovAds caps payable uni-level levels at 8, with commissions paid out as a % of funds invested by affiliates in a uni-level team as follows:
- level 1 (personally recruited affiliates) – 8%
- level 2 – 4%
- levels 3 and 4 – 2%
- levels 5 to 8 – 1%
Cost To Join InnovAds
InnovAds Affiliate Membership is completed upon a minimum $50.00 investment.
InnovAds – My Thoughts
“Innovads Network is an advertising and crowdfunding company. InnovAds offers advertising packages and revenue sharing positions for our packages, projects, and so on.”
Under the pretext of offering advertising and crowdfunding, The Company operates a modest adcredit Ponzi scheme.
All InnovAds Affiliates are required to invest $50.00 on the guarantee of a $60.00 or $75.00 ROI. Said ROI is paid out of subsequently invested funds, making this program a clear-cut Ponzi scheme.
The advertising credits are mean nothing. They serve only as pseudo-compliance to enable Ponzi fraud. The use of newly invested funds to pay off existing investors makes the program a Ponzi scheme.
In regards to crowdfunding, it appears to have just been thrown in for good measure. There is unquestionably nothing in this company that has anything to do with crowdfunding.
Like all Ponzi schemes, once affiliate recruitment ends, The Company will be unable to meet its advertised ROI obligations.
InnovAds – Conclusion
The site states – “No refunds, because all revenues are already shared with all active members and commissions paid to your referring sponsor.”
At which point the scheme collapses, guaranteeing the majority of InnovAds affiliates lose their invested money.
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