As per the Holiday Cheer website (“holidaycheer.info”), the President and CEO of the company is Scott Buchanan.
The Holiday Cheer domain registration also lists Buchanan as the owner, with an address in the US state of North Carolina also provided.
Due to the generic nature of the name and lack of additional information provided, I was unable to find anything further on Buchanan’s MLM history.
Read on for a full review of the Holiday Cheer MLM business opportunity.
The Holiday Cheer Product Line
Holiday Cheer has no retailable products or services, with affiliates only able to market Holiday Cheer affiliate membership itself.
Once signed up, Holiday Cheer affiliates can then purchase $30 matrix positions and participate in the income opportunity.
Bundled with each matrix position purchase is access to ‘
6 bonus e-books and marketing tools
‘.
The Holiday Cheer Compensation Plan
The Holiday Cheer compensation plan sees affiliates purchase $30 matrix positions, with commissions paid out when subsequently recruited affiliates do the same.
Commissions in Holiday Cheer are tracked through a series of three 2×1 matrices, with each matrix requiring two positions to be filled before a “cycle” occurs.
Each tier of the matrix has its own cycle reward as follows:
Matrix 1 – cycles into Matrix 2
Matrix 2 – cycles into Matrix 3 and provides a free position in a new Matrix 1 matrix
Matrix 3 – pays out $100, provides three free positions in Matrix 1 and one new position in Matrix 2
Joining Holiday Cheer
Affiliate membership with Holiday Cheer is tied to the purchase of at least one matrix position ($30).
Conclusion
Obviously geared to raise a bit of money before going bust by the end of December, Holiday Cheer offers up a three-tier recruitment driven Ponzi scheme.
Affiliates pay $30 on the promise of an advertised $100 ROI, funded by subsequent matrix position investment.
With no other source of revenue funding Holiday Cheer’s ROIs, the use of affiliate funds qualifies it as a Ponzi scheme.
As with all such schemes, once new affiliate investment dries up Holiday Cheer will find itself unable to meet its ROI obligations.
Being a matrix-based scheme, this will present itself by way of matrix cycling taking longer and longer. Eventually things will slow down such that the matrices stall altogether, leaving anyone who hasn’t cycled out at least once out of pocket.
Mathematically this is guaranteed to be the majority of participants.
🤖 Quick Answer
What is Holiday Cheer according to the review?Holiday Cheer is a matrix-based cycler scheme operated by Scott Buchanan from North Carolina. Participants purchase $30 matrix positions without any retailable products or services, making affiliate membership itself the primary marketing focus of the opportunity.
Who owns Holiday Cheer?
Scott Buchanan serves as President and CEO of Holiday Cheer. Domain registration records also list Buchanan as the owner, with a registered address located in North Carolina, United States.
What products does Holiday Cheer offer?
Holiday Cheer offers no retailable products or services. The company's sole offering consists of affiliate membership positions and $30 matrix positions, with no tangible goods or services available for external market distribution or consumption.
🔗 Related Articles
- KOK Play Review: KOK token 200% ROI Ponzi scheme
- SmartSteps Review: NFT task-based MLM crypto Ponzi
- PGI Global reboots Ponzi, Helen L Graham promoted to CEO
- Passivo Review: Lending ruse Dubai MLM crypto Ponzi
- Durex VIP Review: Ecommerce “click a button” Ponzi