GroceryBit Review: My Freedom Grocer reboot with bitcoin

GroceryBit operate in the e-commerce MLM niche and provide a suite address in Arizona on their website.

A Google search reveals a number of businesses operating out of the same address, suggesting it might be virtual in nature.

Three executives are named on the GroceryBit website; Steve Gewecke (Chief Marketing Officer), Jason Olson (President) and Frederick Weih (Grocery Industry Disrupter).

Frederick Weih founded My Freedom Grocer in early 2015. The company appears to have collapsed before the end of the year.

One My Freedom Grocer review suggests rebates ceased in the months leading up to the collapse;

And yes … I’m getting my 10% cash back every month.

[Update: I was getting cash backs for many months. The check below was a real check. But they have fallen several months behind on checks since then.

I hope for all involved that they are able to catch back up and make the most of this.]

Prior to working at GroceryBit, Jason Olson was promoting Direct Cellars and Youngevity.

When we last saw Steve Gewecke in 2015, he was Marketing Director for the Savian Ponzi scheme.

Gewecke first popped up on BehindMLM’s radar back in 2012, as a VIP Founder of US Utility Direct.

Who owned US Utility Direct was never disclosed, with the company failing to launch on its advertised June 30th, 2012 launch date.

In August 2014 Gewecke resurfaced as the President of MyNyloxin.

MyNyloxin saw affiliates pay between $300 and $1500 for affiliate membership, with commissions paid out when they recruited new affiliates.

Today the MyNyloxin website domain is unresponsive.

Read on for a full review of the GroceryBit MLM opportunity.

GroceryBit Products

GroceryBit market an app through users scan and upload supermarket, restaurant and gas receipts through.

GroceryBit then sell this information and claim to provide a percentage of generated revenue to their app users.

Users of the GroceryBit app are referred to as “Grocery Miners”.

A Grocery Miner subscription is $40 a month.

GroceryBit claim they offer a rebate of up to $200 a month in bitcoin on each Grocery Miner subscription.

The GroceryBit Compensation Plan

The MLM side of GroceryBit has nothing to do with the company’s rebate app.

Note that for the purpose of commission qualification, the GroceryBit compensation plan doesn’t clarify whether affiliates using the app count as Grocery Miners or not.

GroceryBit Affiliate Ranks

There are three affiliate ranks within the GroceryBit compensation plan.

Along with their respective qualification criteria, they are as follows;

  • 1 Star BitBuilder – personally sell and maintain six active Grocery Miner subscriptions, have at least eighteen active Grocery Miner subscriptions across your downline and recruit and maintain at least six affiliates
  • 2 Star BitBuilder – personally sell and maintain eighteen active Grocery Miner subscriptions, have at least forty-eight active Grocery Miner subscriptions across your downline and recruit and maintain at least twenty-eight affiliates
  • 3 Star BitBuilder – personally sell and maintain fifty active Grocery Miner subscriptions, have at least five hundred active Grocery Miner subscriptions across your downline and recruit and maintain at least fifty affiliates

Recruitment Commissions

GroceryBit affiliates are paid to recruit new affiliates down three levels of recruitment (unilevel):

  • $25 on level 1 (must recruit and maintain at least one affiliate and Grocery Miner)
  • $25 on level 2 (must recruit and maintain at least two affiliates and Grocery Miners)
  • $25 on level 3 (must recruit and maintain at least three affiliates and Grocery Miners)

Residual Recruitment Commissions

GroceryBit pay residual commissions via a 2×12 matrix.

A 2×12 matrix places a GroceryBit affiliate at the top of a matrix, with two positions directly under them:

These two positions form the first level of the matrix. The second level of the matrix is generated by splitting these first two positions into another two positions each (4 positions).

Levels three to twelve of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.

Positions in the matrix are filled via direct and indirect Grocery Miner subscription sales.

  • a $15 monthly commission is paid out on each personally sold active Grocery Miner subscription
  • a $1 monthly commission is paid out on residual active Grocery Miner subscriptions placed across levels 2 to 12 of the matrix

Note that to qualify for commissions on levels 6 to 12 of the matrix, a GroceryBit affiliate must sell and maintain at least three Grocery Miner subscriptions.

Generational Coded Bonus

The Generational Coded Bonus is a monthly residual commission paid out via a unilevel compensation structure.

A unilevel compensation structure places an affiliate at the top of a unilevel team, with every personally recruited affiliate placed directly under them (level 1):

If any level 1 affiliates recruit new affiliates, they are placed on level 2 of the original affiliate’s unilevel team.

If any level 2 affiliates recruit new affiliates, they are placed on level 3 and so on and so forth down a theoretical infinite number of levels.

GroceryBit take an affiliate’s entire unilevel team and work out which leg will pay the highest Generational Coded Bonus out.

The Generational Coded Bonus is only paid on this leg.

  • 1 Star affiliates earn $1 per paid Grocery Miner that month on their highest paying unilevel leg
  • 2 Star affiliates earn $3 per paid Grocery Miner that month on their highest paying unilevel leg
  • 3 Star affiliates earn $10 per paid Grocery Miner that month on their highest paying unilevel leg

The Generational Coded Bonus is paid out on the highest paying leg until another affiliate at the same or a higher rank is found in that leg.

If found, the Generational Coded Bonus continues to pay out at a rate of 50 cents per paid Grocery Miner for that month.

If a second same or higher ranked affiliate is found, the Generational Coded Bonus stops there.

Note that if no same or higher ranked affiliate exists in the chosen unilevel leg, the Generational Coded Bonus pays out the entire depth of the leg.

Joining GroceryBit

GroceryBit affiliate membership is $497 and then $50 annually.

As at the time of publication the company is selling a “Limited License Fee” for $197.

Conclusion

To evaluate the viability of the e-commerce rebate model, we only need look as far as My Freedom Grocer and Saivian.

Here’s how My Freedom Grocer was being marketed in 2015;

Frederick J. Weih has created the only National Loyalty Plan that enables grocery shoppers to get Cash Back from their everyday shopping.

Grocery shoppers everywhere are discovering a dynamic grocery savings program that rewards shoppers with up to $90 Cash Back.

My Freedom Grocer collapsed within twelve months. It was also restricted to the US, which is in contrast to GroceryBit’s claim it works with ‘any supermarket, any location, anywhere in the world!

Saivian devolved into a Ponzi mess that primarily took off in China. The receipt rebate was just a cover.

Saivian collapsed once Chinese authorities shut it down locally in mid 2017.

So uh, here we are in 2018 and GroceryBit are resurrecting the same failed rebate model… only this time with bitcoin.

While GroceryBit doesn’t have the Ponzi roots Saivian has, on the MLM side of things it’s still mostly recruitment driven.

Alot of this will come down to non-affiliates willing to cough up $40 a month for a potential rebate of $200 in bitcoin.

On that point, unless GroceryBit has hundreds of millions of app users in centralized locations, it’s pretty obvious app users aren’t going to be paid anywhere near $200 a month.

I’d even question the probability of app users being reimbursed for $40 a month, without some form of fee recycling going on.

Random receipts from random buyers using random retailers just aren’t valuable enough. Not withstanding the potential for personal data to be sold to nefarious bidders.

We’d like to reassure you otherwise but GroceryBit provide zero disclosure regarding who they’re selling app user’s uploaded data to.

The use of bitcoin is neither here nor there, but does raise the chances of data being sold to shady buyers.

All in all there’s a high probability GroceryBit will collapse once the initial recruitment hype wears off. This is pretty much what happened with My Freedom Grocer.

Saivian lasted a while longer because of the Ponzi backend. That doesn’t apply here.

I honestly can’t see app users paying $40 a month and getting paid more than they’re spending – with revenue legitimately created via data mining.

Let’s block ads! (Why?)

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