Doubler
| A doubler works very simply, when a member joins they pay a fee and after a certain amount more members join they are paid back double what they paid to join. They are also paid commissions for everyone they refer who joins.
Members can purchase more positions in the line from the member’s area, and can also set their account to re-enter the line automatically when they cycle, or not re-enter. If they enter, the amount will be deducted from their total balance.
Members can top up their balance at any time using Paypal. It’s fully automated, so the admin doesn’t have to worry about manually confirming payments. Members can also earn extra money by referring people. For everyone they refer, they will be paid a commission, which you also set.
The modern Internet Marketer may well be familiar with the doubler programs and how they operate. Usually this runs along the lines of Join a program early and withdraw yours funds before program collapses, effectively using doublers as a form of gambling.
Putting aside the obvious financial risks of such an approach, this view selfishly ignores the large number of people who will lose their investment from the program.
When a doubler program collapses, everyone who invested last loses their investment. In some cases this can affect hundreds or even thousands of people. Sadly, many of these will assume that it was the individual program, rather than the concept, that was to blame and will try again with a new program.
Date: 2009/4/10
Section: NEWBIES
Title: Doubler
Url: http://www.hyipexplorer.com/articles/doubler/
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