JustBeenPaid Reviews! Records Are Breaking!

lol nope I was looking at the financial tab and looking at transactions. Wouldn't you know I went to the jss tripler area and low and behold. My position! lol. I really feel ridiculous right now. Thanks Chad!

No, problem! I just thought it was odd that a position was not showing up but you were getting daily earnings. Any other questions or concerns you have feel free to ask. Keep in mind that for now you can pretty much ignore the whole JSS matrix side. Your concern right now would be only with the JSS tripler side.

You will get used to the site! It is a very confusing site, and I am crossing my fingers that when they revamp the site it takes care of a lot of the non user friendlyness.

Chad

Everyone is going to have differences of opinions with any online marketing business no matter what it is. I for one am believing so far what I am seeing from JBP.

Keeping track of matrices and triplers seems intimidating to me. I almost feel the need for financial advisors within this program. Any advice for someone who is contemplating taking this plunge?

Melin,

Honestly, this system is really about as easy as it can get. If you only wanted to invest 5min a day and check your earnings and repurchase triplers when you felt the need, that is all your have to do. Of course if you wanted to try and get referrals you will be putting more time into marketing. The hardest part at first is getting to know the website.

Chad

Whilst participating in the program is easy, I also find it difficult to keep track of all the tripler and matrix positions, especially when you get restarts occuring, matrices that don't get placed for a month or more and tripler positions that don't get placed for 24 hours or more.

Ultimately, there is probably an element of trust required. However, I tend to try and keep an eye on the following parameters, all of which is relatively easy using the information on the website and a spreadsheet to sum up earnings and the counts of active positions (just cut and paste from the website into the spreadsheet).

Triplers
1) Cash amount due from active triplers (i.e. 15 minus the earnings already paid, across all active triplers)
2) Triplers converted to matrices due to restarts (you may need to record and update this at each restart)
3) Expired triplers (=purchased triplers - active triplers - restart converted triplers)

JSS Matrices
1) Possible matrices from active triplers yet to expire (total active triplers divided by four)
2) Matrices from restarts (may need to record and updated this at each restart)
3) Matrices from expired triplers (how ever many times four goes into the number of expired triplers)
4) Matrices already cycled paying a rebate.

As you can see, there is close correlation between each tripler parameter and the jss matrice parameters underneath (i.e. (1) relates to active triplers, (2) relates to restarts and (3) relates to expired triplers).

Amongst other things, you can use these to calculate:
a) the daily earnings from the total of 'active tripler x earning per tripler'
b) the sum of tripler Cash amount due plus matrix cash amount due (useful for comparisons over time and measuring growth)
c) the impact of a restart by calculating (b) before and after a restart.

Whilst a bit advanced for new users, when you get a grip on things, its all useful for understanding appropriate strategies and realising the true impact of a restart. For example, I worked out that during a restart, the maximum money you will lose is "$15 + the triplers CAD (earnings still to be paid)" for every tripler that gets converted. The fifteen dollars is one quarter of the maximum rebate possible when four triplers create a matrix (assuming no placements are purchased).

I think some of the values on the website are a bit dubious (e.g. due to impacts of modified page scripts not being accounted for correctly) , but I do trust the list of active positions and the total triplers purchased.

Methinks you guys should come up with a decent answer for the issues of legality brought up by that video.

You all seem to be willing to THOROUGHLY discuss everything about JSS but LEGALITY!

Now what's THAT about?

Graeme, thanks for the awesome post! Is that a spreadsheet you are willing to share?

TJamMoneyMan, if I knew the answer I would put it out there, but I really can't say whether it is 100% legal or not in the U.S. And if I took the time to call the law office myself no one is going to believe what I say if it does end up being legal. That is why I recommended that if you have questions and concerns about the legality call the law firm yourself.

I guess when it comes down to it for me, I am comfortable with how the program is run and trust the system. If it is not 100% legal in the U.S. then that is something I am going to have to deal with when and if that time comes. But I do know that everyone is making money and this is not leaving people out.

Yes, if the program shut down tomorrow there would be those that will have lost money, but isn't this true with any business online or offline if you have invested in a company. Morally, I would not promote or work this if I thought it was all a big scam and just stealing money from people. Like I have said time and time again, only invest what you can afford to loose, assume there is a risk, try to get back your investment ASAP, and no one should have an issue if this did shut down tomorrow.

I went in being cynical about the program knowing that what I invested could actually be gone the next day, but also understood that, that was the risk I was willing to take to try the program. Now I am in since March and have made my money back, in profit, and trust what the system is about.

And that is all I can offer!

If someone does know the legalities for your country, please state the facts, but also know that most people will be hesitant to believe what you are stating because it is a natural instinct to not trust those you do not know.

Chad

It is very funny that I was just catching up on my emails and was reading from a referral of mine something that he had found which fits in nicely with my last post. Food for thought and really hits on what I am trying to explain above.

"Let me use my favorite example. Do you DEMAND coca cola tell you their formula and explain to you how they can sustain that company and how they make their money and pay such great dividends before you drink a coke? Right, I didn’t think so. What do you think would happen if you did? Right, you probably get the same answer you get from us when you ask those questions. Last but not least, what do you think will happen to all stock holders and the coca cola company if no more cokes where sold in the world? The company disappears right? Right. Well, for those of you that ask about longevity and sustainability, what do you think would happen if we don’t sell any more taps and new people come and buy? Right, you should be getting it now! "

I really like that!

Chad

How did you fare after the restart, Chad? Lot of unhappy people in the chat room.

Here is a before / after summary of how I have been impacted by the latest restart (taken from my own website forum):

Active Triplers: 720 / 342
Avg Daily Earnings: $133.71 / $63.51
Restart Matrices: 5 / 89
Tripler Feed Matrices: 75 / 76
Tripler CAD: $6267.35 / $3712.95

If I include matrices I expect to get from currently active positions:
Matrix CAD: $15540 / $14940
Tripler + Matrix CAD: $21807 / $18652 (14.47% loss)

If I exclude matrices I expect to get from currently active positions:
Matrix CAD: $4740 / $9840
Tripler + Matrix CAD: $11007 / $13552 (23.12% gain)

As you can see, this clearly demonstrates how a restart does not only reduce your total remaining cash amount due from triplers, but it also takes away the possibility of creating some of the matrices from expired triplers (amounts to $15 per tripler converted, or in the example above $5670). In this particular restart, it also seems that not all the tripler CAD taken away was converted to matrices (at $20 each) either - this was only done for 50% of CAD from triplers eligible for the restart, whilst the value of CAD actually lost was more than this.

I'm disappointed with this last point as the main point of a restart is supposed to be just to convert short term liability to longer term assets. In this case, we have actually reduced the potential earnings in the longer term as well.

@ Graeme - if you wanted to cash out today, how much of the $13552 could you take?

I had 52 positions before the restart and ended up with 24 positions after the restart. I am ok with this as long as it keeps JustBeenPaid going. But it is easier for me to be ok with this because the very first thing I did was try and make sure I got my initial purchase back. I no longer have anything to loose and can only gain, so I just go with the flow.

If this is what happens to keep JBP sustainable, in my opinion let it happen. My only concern is that it was not three months since the last restart.

Chad

I still have the same amount of positions which I had prior to the restart.
Guess because I only joined JBP on May 23, 2012, nothing really changed with my positions except for 2 JSS Tripler Positions showing converted.

I also received
2012-07-31 07:05:07 None Restart Cash for Converted Positions
$ 24.80

Chad, the previous position cut-off-date was April 7, 2012 from what I read.
The recent position cut-off-date was July 16, 2012.
If I am calculating correctly, that is 100 days.
Why worry?

Let's build up our Tripleres, because NOW is the time!

Karl

My current philosophy is to compound daily earnings 100%. Therefore, I am reinesting all my earnings in the hope of higher returns in the future. I measure the cash amount due for triplers and for matrices partly as a way of judging how much money I have stored in JustBeenPaid assets, and partlye to provide a bench mark for seeing how worthwhile JustBeenPaid really is - including how a restart impacts my progress.

Clearly, CAD from triplers is in many ways preferable because you can (subject to restarts) guarantee extracting it all within 81 days. CAD from matrices is beneficial in that it is not impacted by restarts, however, there is no guarantee when a matrix will cycle and give back the rebate. Of course, I am also assuming that I am not going to reduce the overall return by paying for placements to expediate (allegedly) the cycling of each matrix, which is probably unrealistic.

So coming back to your original question, if so desired, I would only be able to withdraw daily earnings from matrices and any rebates from matrices that may cycle on that day. To withdraw the $13552 I would need: 81 days for all triplers to expire, no restarts, no placements, however long it takes for all current matrices to cycle, and however long it takes for matrices from active triplers expiring to both be placed and cycle. How long this actually takes is not yet clear to me, and is something I hope will become more visible during my journey with JBP.

As you can see, getting $13552 is probably unrealistic, especially in the short term. However, the figure does act as a useful benchmark and that is basically how I use it.

My own feeling is that the last restart was a bit of a dud given how long there was between the cutoff date (Apr 7) and the actual implementation date (May 25). This period of time allowed a lot of triplers to expire naturally and left very few available to be impacted by the restart. As a result, most members weren't particularly affected. For example, I was back to my original position within a week of the restart. This probably also explains why they didn't bother giving us back the residual cash into our tripler acount after matrices were handed out.

This time the restart has been much more effective, so I am hoping that the time until the next one will be significantly longer!

As Graeme mentioned above it was a much shorter amount of time between restarts May 25th- July 30th. About 65 days, but I did not actually count those out on the calendar. I know of some people thinking they were safe after the last restart to purchase a large amount of positions assuming that the next restart would be 3 months away. I would say that these are the people that are most unhappy right now after this restart.

Karl, as you mentioned though there was around 100 days between cut-off-dates which, if I was going to purchase more, would be right after a new cut-off-date. If members would have bought a large amount for example on April 8th, all of those positions would have been safe and expired before this new restart.

Have you guys also read that they are going to start up a withdrawal queue for the payment processors, so that if you miss the daily limit one day it should put you in a list for getting that withdrawal in upcoming days.

Chad

Yea, I heard that. They are also bringing out a new look website soon. I was listening to Snoop Dog in the conference room last night. Very inspiring.

The bottom line is, unhappy with the restart or not, Its necessary and JBP is STILL there. The lines of communication are still open, the updates are still coming. They could have cut an run a long time ago.

I was listening in on the conference room this evening. It was interesting to hear from one of the moderators who now has over 1000 matrices. Apparently, over Apr, May and June they have cycled 160, 132 and 105 matrices respectively. Even at just $40 a matrix, this amounts to $6400, $5280 and $4200 a month. However, it took him 10 months before they started making a lot of money for him. Not sure how much money he started off with though -but he'd be in JBP for 14 months. I've been in the programme for 5 months and now have nearly 200 matrices.

His recommendation was to always buy placements for spots 1 and 2 of your matrix, and leave spots 3,4,5 and 6 to populate from your own matrices (From the expired tripler feed). He stressed that you should always buy as many triplers as possible, not because of the earnings, but because this is the method by which you can get your own matrix positions filled. For buying placements, he originally put $200 in his account to start buying them. After that he just used money from referrals, of which he had 9.

This really goes along with my feelings that JSS-Tripler is mainly a way to attract new money and new members into the JustBeenPaid, whilst also adding liquidity (more population of matrix positions) into the JSS Matrix programme. It is JSS Matrices where the big money is really made, and this will always be helped by the restarts, thanks to the matrix positions that you are given plus the other matrices given to other members that help fill your existing matrices. On the downside of course, taking tripler positions away from you means that it takes longer to fill matrix positions from the expired tripler feed.

I think people get upset with the restarts because they are focussing way to much on tripler earnings (mainly the fault of all the marketing hype around it - of which I am also guilty), rather than appreciating that matrices are how the big money is made on an ongoing basis.

Knicky1 ,

Great point, I just wished that all members could see the same thing. As much as it does hurt to see triplers be taken away, members need to remember how easy and fool proof this is to earn money. It really is about as simple as investing in a stock and watching your value go up with a stock that is moving up. But the great part about JBP is that you don't have the risk of a stock going down. JBP's earnings are consistent and you can for the most part plan your future earnings.

By far the simplest and most exciting online system I have been part of, and can't say this enough!!

Chad