Monday, May 10, 2010

10 May 2010 - TruEarn Review

Hi guys! I think this program, although categorized as a short-term high ROI program, has been performing at a very impressive rate thus far, and of which deservedly gets a review from me today. TruEarn is one tough dog that has survived a cold, harsh season to gain its status as one of the best short-term programs in the industry right now. Yes, I do agree that we're bearing significantly higher risks as time progresses for any short-term program, but that popular notion sometimes doesn't apply for certain programs. We've had several highly successful short-term programs in the past, such as HugMoney, Investimates and BestInv (which ran for over 3 months), and I don't see any particular reason why we can't have another one right now, provided we approach the program with the correct mindset and give it the proper support it rightfully deserves.


TruEarn was launched approximately a month ago (36 days to be exact) to a community of skeptical investors after the collapse of HugMoney. Well, of course there were a large bunch of people who profited from HugMoney and they were looking someplace else to invest. So in a way, TruEarn was launched at exactly the right time to the right group of investors looking to invest their profit from HugMoney, which undoubtedly helped to project TruEarn to great heights on the get-go. Plus, TruEarn has a nice website with attractive plans which helps to attract, and keep, investors.

On hindsight, a month has passed already, so the survival of TruEarn depends largely on investor support. It's not as much about attracting new funds as it is keeping the old investors coming back. As we are all aware of by now, HYIPs are money games that are built upon a precarious base: without new funds, any program, regardless of how successful it is or has been, will collapse eventually. In this department, I'll have to tip my hat off to the admin as he has done an excellent job in keeping his loyal investors coming back for more. I, for one, am one of TruEarn's supporter because I honestly do see a potential in the program, and even though it will close eventually, I still think the admin has done a great job giving everyone an equal opportunity to earn.

Anyway, let's move on to the boring aspects of all reviews: the technical breakdown.

Firstly, TruEarn offers 3 plans:
  • 116% after 4 days
    • Min: $5 Max: $14,000
    • Paid upon expiry
  • 145% after 10 days
    • Min :$50 Max: $20,000
    • Paid upon expiry
  • 210% after 20 days
    • Min: $100 Max: $26,000
    • Paid upon expiry
Note that all the plans pay upon expiry, and the profit will be credited to your account balance, of which you'll have to request manually in order to be paid to your e-currency.

I would only recommend joining the first of the 3 plans because I think putting in money in any program that pays after 12 or 15 days is a wise move. If you joined TruEarn on its first day, yes you would've received your profit by now, but we're not standing on the program's first day anymore. Therefore, we have to adjust our plans according to the actual, current situation. That, in my opinion, is one of the keys to winning the money game.

TruEarn is hosted on a dedicated server by Staminus and hires the service of DdosWhiz for Ddos-protection. The domain name is registered until 2014 and the Alexa ranking is in the high 50,000 at the moment. I've heard of someone saying that whenever a program reaches an Alexa ranking of 19,000 or higher, things are bound to go south. While that remains a myth, I think there's a certain degree of truth to it. An Alexa ranking gauges a program's popularity by using a complex algorithm that takes into account how many people are visiting the site, how many are return visitors and such. Of course, when a program is ranked 19,000 and above, that means thousands of people are dropping by the site each day. If I'm correct, the HYIP industry doesn't have that many investors. 20,000, 30,000 maybe, but that's about it. And of these investors, how many do you think are going to invest in that particular program for an extended period of time? That goes to explain why a program eventually collapses.

Payment processors accepted are currently open to AlertPay, LibertyReserve, PerfectMoney, StrictPay, SolidTrustPay and GlobalDigitalPay. A very solid and impressive list of options is available, and I think this will definitely endear TrueEarn to the general investor community.

Currently you can only reach TruEarn's support group by filing in the contact form on their page. This would prove to be a draw back for some. I think that if the admin could add Live Chat to their page, that would be an excellent addition. Besides that, TruEarn has SSL-encryption on site along with a currency exchanger in place at the moment. If you log into your back office, you will notice a new feature called Currency Exchange that allows you to exchange e-currencies at a very low 1% service charge. This, I hope, will not be abused because I see this as a goodwill gesture from the admin, and was implemented strictly to provide a convenient means for investors to exchange their profits to different payment processors while helping them to save on fees as well.

In a nutshell, I think TrueEarn has performed at a very high level usually found only in the best programs of the industry. We are in trying times, and there are not many programs out there that are comparable to TrueEarn. If you're looking for a quick profit, I would suggest go no further than TruEarn.


Pros:

  • Flexible methods of payment

  • Highly lucrative plans

  • Hosted on a dedicated server

  • Fast payouts

  • Currency exchange available at a low 1% fee



Cons:

  • No Live Chat

  • Unsustainable interest rates if without member support

  • Not a legitimate company (doh..)



That's it for today folks! Thanks for reading!

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