If you are like…well, most people, you definitely can appreciate the idea of working from home. And if you are reading this article, you are probably considering giving it a try.
The only problem is that there are plenty of different options out there which can make it difficult to determine which opportunities are legitimate and which are scams.
We are here to help you out with that and today we will be taking a look at Diamond Reserve. It is a new business that is promising individuals the opportunity to make money on their own terms.
Does it live up to its claims?
Read on to find out.
Diamond Reserve Review
Name: Diamond Reserve
Website: www.diamondreserve.net
Owner: Unknown
Price: $10 – $10k
Overall Rating: 1/5 stars
First, What is Diamond Reserve?
Well, to be completely honest, it is a little bit difficult to say exactly what Diamond Reserve is. Why? The company is currently keeping its cards pretty close to its chest.
Diamond Reserve was only even registered in December of 2017, and on its website there is virtually no background information provided on who is running things or what there mission statement is.
The company has been registered in the UK but if you actually explore the site you will find that the only language options are Russian and English, and that most of the activity is from Russia—which strongly suggests that that is also where the corporation is headed.
Hey, that’s alright. While a suspicious point of origin is a red flag it’s not really a deal breaker. But the question still remains, what exactly is it that they do?
Well, that’s where things get a little bit abstract.
Diamond Reserve is technically (sort of) an MLM but unlike traditional MLMs like Tupperware or Beach Body, they provide no services or products.
Again, not necessarily a disqualifying attribute but also definitely not what you want to see.
Instead of providing products or services, Diamond Reserve supplies a membership based investment opportunity.
According to the site you are investing in diamond mining. You make money through the returns you get on your investments (which are paid in set rates) and then you also get bonuses for recruiting other people to invest.
What They Offer
Usually when we take a look at MLMs there is a section on what the company is selling or offering.
Unfortunately that doesn’t really apply here.
I say unfortunately because all we really have to suggest that Diamond Reserve is doing anything at all is their word on the matter.
Yes, the company says that they are using your money in the pursuit of diamond mining but remember that we also have virtually no information on this company.
Without a product or service it is very difficult to determine the legitimacy of any operation, especially one with an internet presence as scarce as Diamond Reserve’s.
Of course, having said that, it is only fair to mention that I am not suggesting that they are taking your money and running with it because they most likely aren’t.
However, the overall business model is not designed to last, so eventually, someone will lose.
How Everything Works
About two years ago, these types of sites were referred to as revenue sharing.
These days, they come in the form of digital currency and whatnot and for many reasons at that.
One, they are not able to track any of the purchases made thorough digital currency and two, companies like Paypal will not do business with these sites.
Why?
Well, because these are nothing but a flat out ponzi scheme.
Sure they tell you that your money is being compounded through mining but don’t you think that they should just keep reinvesting THEIR money to make more money?
That’s nothing but a huge indicator that there is more than just mining if any of that is even happening.
Most, if not all of the money generated with Diamond Reserve is through the investment of new members, which of course makes this nothing but another ponzi scheme.
I’m sure the owner (who is hiding) can have every great intention of keeping this site afloat but it’s just not designed that way.
Eventually the well of new “investors” will dry up, earnings will slow down, and they will come up with some excuse as to why they are not paying.
Trust me, this is how they all end.
But Can You Make Money?
Of course you can.
As long as new people keep coming into the program, there will always be money circulating.
The software used to evenly distribute funds at a set time can only hold the company afloat for so long.
Once the hype is gone, no one will join and yes, this site will crash.
Everyone who gets in after the first few months will eventually lose and that’s just how it works with any and every ponzi scheme out there.
With the crash of My Paying Ads and now the plummet of USI-Tech, I don’t see any digital currency ponzi lasting longer than 6 months.
The Price to Join Diamond Reserve
Technically, taking advantage of the affiliate or MLM component of Diamond Reserve through which you get a commission when you get other people to join, is free.
However, the site is designed to ensure that the best way to make money is by becoming an investor yourself and that is only because it is very much necessary to pay its members.
Investment options range from $10-10,000 and the payout of said investment is delivered over the course of fifty weeks.
The more you invest, the more that you get each week.
In other words, though it is technically free to get started the only real way to make money is to start spending it, and often, spend a lot of it.
Put in $10 and you are just wasting your time
Compensation Plan
The compensation plan that comes with this site is a little bit complicated.
As mentioned in the last section, the more you invest, the more that you make.
This model encourages you to spend considerable amounts of money in order to see bigger checks each week.
Additionally, the more money that you invest, the more money that you get any time you are able to get someone else to sign up for the program, as commissions are also based on how much money they spend to buy in.
The higher the plan that they chose, the more money you make.
This is also why everyone is out there trying to get you to join.
As long as people are continuously joining, there will be this “proof” for everyone else to see and it will get them to join.
And trust me, this stuff works!
Before You Join
A business model like this one does make one worry that the company is utilizing a pyramid scheme in which money is simply getting shuffled around to give the appearance that something is being done when of course it actually is not.
Is that what we are dealing with here?
While there are definitely some red flags that this might be the case, it’s really going to be on you to decide if this is a scam or not.
Just do know that there are literally hundreds of programs EXACTLY like this that come and go and not a single one of them will last.
Trust me on this one.
Final Verdict: Not Recommended
So, what to do? If you are new to the work from home world, this all might seem a little bit daunting to you, and it probably should.
In fact, you might be better served starting out with a company that doesn’t suffer from all of these red flags, especially with the hundreds of sites out there that promise the same thing.
But for the entrepreneur that is still considering rolling the dice the question still remains: is it worth giving Diamond Reserve a try?
Unfortunately, this is far from your best investment and something I will not recommend.
Right now people are seeing returns on their investments, and that is only because it is still a very young company.
Just like every other Bitcoin MLM, this will eventually disappear leaving those that got in late to foot the bill of everyone else that got in early.
What I Recommend
In the early days of my online career I was involved in several companies like this and yes, I made some money.
The problem with them is that they will not last and it will always leave you looking for the next best thing.
If it wasn’t for a program called the Wealthy Affiliate, I really don’t know what I’d do because I can’t see myself going around telling people programs like Diamond Reserve is legit just so I can make money.
Recruiting is fine with actual MLMs that have actual products but not some company that promises a return of investment through “mining”.
It is what it is though and sites like this will keep coming around simply because the owners are operating outside of the US.
Those that have tried to run such ponzis have been shutdown and are doing some jail time.
If that doesn’t tell you something then I really don’t know what else will.
See past the dollar signs and be smarter than most.
This is nothing but a too good to be true scheme and you should put your money into something legit.
Other than that, thanks for reading my Diamond Reserve review and hopefully I have given you more than enough information on yet another make money opportunity.
Cheers!
Tired of Scams? Checkout My #1 Recommended Work From Home Program Here!
Ryna Holdings Review: Scam or Legit Investment?