Ebiz.com Pvt. Ltd. — Product

Address:	Gautam Buddh Nagar, Uttar Pradesh, 201301
Website:	www.ebizel.com

This complain about MLM company eBIZ.Com Pvt. Ltd. (eBIZ House B-18, Sector 63 Noida, UP Pin-201301 India.) The product of eBIZ is the educational packages or the ELite Appearance packages. You pay for that crap they sell and you have to start convincing 2 more people under you to pay as well. It follows the Pyramid Scheme (A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products or services. As recruiting multiplies, recruiting becomes quickly impossible, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal. ref. https://en.wikipedia.org/wiki/Pyramid_scheme). You can see that it is illegal in many countries. Its a model where, only the people in the upper levels earn money and the people in the last level (usually the highest) face loss. They target college students mainly because they have so much materialistic dreams (Buying a new bike/Iphone) and want immediate cash by doing some job. So they are easy victims. I know about it because I joined ebiz when a friend approached me in college and I became an associate. I joined it because it looked something that I have never done(exploration), I was thinking about money(greed), 15k was not a big deal for me and the person promoting it was a friend of 2 yrs (how can she think of cheating and all, She has so much to lose if She does). Few days into this thing and I realized it was not worth continuing .The product they sell is way more priced than the value of the product. In fact I would say they have almost no product cost. There are universities like MIT, UC Berkeley, Stanford University, IIT(NPTEL Courses) and lots of renowned universities providing free courses on subjects more than ebiz can even dream of. One can get latest and 15000 times better product for free. What happens is as people get added the money is divided in the tree(actual product value 0, only money circulation scheme). It is like taking new money and distributing in the tree without adding any value. So, it is a farce.