Premier Income Plan Review: Rodney Brace still at it 5 years later…
If you visit the Premier Income Plan website without an affiliate referral link, you are automatically placed under the position “Rodney Brace, Founder”.
According to the “About US” section of the Premier Income Plan website;
Premier Income Plan is owned and operated by Hyphen Tech Inc.
On its website, Hyphen Tech Inc. claims it’s ‘a product-driven company offering the BEST online communication products in the Industry‘.
The “About Us” section of the Hyphen Tech Inc. website reveals;
Hyphen Tech Inc. is owned and operated by Rodney Brace in Newfoundland, Canada.
This is presumably also where Premier Income Plan is being operated from.
Brace himself first appeared on BehindMLM as admin of All Teamed Up back in 2013.
All Teamed Up was a matrix cycler pyramid scheme, which touted $7000 a month on a $25 monthly spend.
Not really sure how long it lasted but All Teamed Up is long gone.
Read on for a full review of the Premier Income Plan MLM opportunity.
Premier Income Plan Products
Premier Income Plan has no retailable products or services, with affiliates only able to market Premier Income Plan affiliate membership itself.
Premier Income Plan affiliate membership provides access to a video conference platform, chat app, audio and video email platform and testimonial manager.
The Premier Income Plan Compensation Plan
Premier Income Plan affiliates pay $59 a month. Commissions are paid when they recruit others who do the same.
Premier Income Plan affiliates are paid a direct commissions each time they recruit a new affiliate.
$10 is paid on the first and second recruited affiliates and $15 thereafter.
A $10 residual recruitment commission is paid on affiliates recruited by the first two affiliates you recruit, starting from the third affiliate they recruit.
In turn these recruited affiliates must also pass up the $10 residual recruitment commission on the first two affiliates they recruit.
In this manner it’s possible to earn residual recruitment commissions beyond the second level of recruitment.
From the third affiliate the $10 residual recruitment commission is paid on the downlines of their first two recruited affiliates only.
Premier Income Plan pays residual commissions via a 3×9 matrix.
A 3×9 matrix places a Premier Income Plan affiliate at the top of a matrix, with three positions directly under them:
These three positions form the first level of the matrix.
The second level of the matrix is generated by splitting these first three positions into another three positions each (9 positions).
Levels three to nine of the matrix are generated in the same manner, with each new level housing three times as many positions as the previous level.
Premier Income Plan’s residual commissions kick in from the second month recruited affiliates pay fees.
Residual commissions are paid as positions in the 3×9 matrix are filled.
Positions are filled via direct and indirect recruitment of new Premier Income Plan affiliates.
How much of a residual commission is paid out is determined by which level of the matrix a position is filled on:
- level 1 (3 positions) – $3 per position filled
- levels 2 to 8 (9837 positions) – $2 per position filled
- level 9 (19,683 positions) – $1 per position filled
Note that the above commissions are tied to payment of monthly affiliate fees.
They are paid out monthly as long as recruited affiliates placed into the matrix continue to pay their monthly fees.
Premier Income Plan pays a 100% Matching Bonus on matrix residual commissions earned by personally recruited affiliates.
Joining Premier Income Plan
Premier Income Plan affiliate membership is $59 a month.
Evidently nothing much has changed in Rodney Brace’s MLM offerings over the past five years.
In 2013 All Teamed Up was bundled with a “video email postcard system”, “video app system”, “website communicator tool” and “audio video conference system”.
Although the names might have changed in some instances, these products exist today and are part of Premier Income Plan.
Compensation wise whereas All Team Up was a cycler, Premier Income Plan is a much more simple pyramid scheme.
Instead of smaller matrices to jump through, you’re filling a bigger matrix through recruitment.
That Premier Income Plan’s commissions are tied to recruitment is what makes it a pyramid scheme.
And holds true irrespective of what Brace attached to the opportunity.
There’s also the possibility Brace is recruiting Premier Income Plan affiliates into other scams.
At the bottom of the Premier Income Plan website is an “income opportunity link”.
This leads to a website page promoting a “lending investment opportunity”;
Lending Opportunity To Earn Financial Rewards!
As technology continues to evolve we are committed to continuing to evolve with it and to providing leading edge communication solutions to our happy customers.
If you would like the opportunity to learn how you can participate by lending any amount of money to our continued growth then locate our numbers below, call and ask for Rodney Brace, our CEO, he will explain how you can earn above average rewards.
“Lending” in MLM typically refers to cryptocurrency ICO lending Ponzi schemes (think Bitconnect).
Due to Brace’s intentionally secretive pitch, I can’t say whether he’s recruiting into an external Ponzi or some “not for the public” component of Premier Income Plan.
At the very least I can confirm neither Rodney Brace or Premier Income Plan are registered to offer securities in Canada.
This means that regardless of what Brace’s Premier Income Plan lending investment opportunity is, if it’s passive in nature he’s committing securities fraud.
Getting back to the Premier Income Plan MLM opportunity though, as with all pyramid schemes, once affiliate recruitment tanks affiliates will find their matrices stalling.
This will see those at the bottom of the company-wide matrix (the majority of affiliates at any given time), stop paying their monthly $59 fee.
That in turn sees those above them stop getting paid, and unless new recruits can be found they stop earning too.
As more and more Premier Income Plan affiliates stop paying $59 a month, eventually an irreversible collapse is triggered.
In order for Rodney Brace to receive most of the money deposited into Premier Income Plan (through preloaded admin matrix positions), the majority of affiliates have to lose it first.