Now that HRS has closed down there was a suggestion that they were going to send refunds to members. However, this appeared to be a delay tactic as no refunds were ever issued.
The support function of the Hourly Rev Share site had been removed so getting in contact with them is near enough impossible (again another bad sign).
An update had been sent out regarding the suggested refunds here is a copy of the message that they sent out to all of us:
July30-2013 – Update from Anelie..Posted in your back-offce.
(*) Good morning everyone,
First let me thank you all once again for your continued patience as I work through the lists for processing refunds. I want to pay the refunds accurately to everyone who qualifies, and that is taking some time to calculate and organize. Everything must be verified manually which is a long task and not easy to do.
Meanwhile, I am trying my level best to complete the lists as soon as possible. It may be another 5 – 7 days before the lists are finalized. Give me just a little more time please, and then I will announce the start of the refunds and keep you updated on the progress.
EDIT & UPDATE:
Sadly, like most of these MLM and networking setups all these promises just turned into nothing.
On the face of it Hourly Rev Share looked great. I had a few £1,000 in it. But as with many of the same style of programs they are all full of empty promises that eventually does not deliver. I personally feel bad that I got involved with the program and that people I know got heavily involved in the program too. Virtually everyone of use were wiped out and lost every penny.
Some people liken these types of programs as ponzi’s (I’m not sure that is the correct term) but as soon as a large number of people want to withdraw funds the program falls apart. And no other conclusion can be made other than the money was not there for it to work… it kept existing on getting more and more new people into the program to fund the withdrawals being requested.
It’s a real tough lesson to learn, and financially painful. The conclusion I have come to is to never get involved with any form of RevShare program, MLM program or HYP program again. The promises of big or just even good returns is so tempting and the people you talk to really do believe in it through and through. On my journey exploring these programs I have found the same small group of ‘top earners’ that are promoting them time and again. The common denominator is that every program these serial top earners are in eventually all fade away into the dust and the people they introduce into the programs lose out long term.
Even 5 years on, the same people that were promoting Hourly Rev Share are still promoting other forms of MLM and similar programs – so it appears they are not accepting the blazingly obvious pattern that these program hurt people, more particularly the average person that gets involved. Ethically I can’t understand why they won’t get off the ferris wheel of collapse of programs time and again.
The ‘top earners’ seem to get in early and have cultivated a large following that they get to join them time and again, which must be the influx of profit they initially get, whilst they constantly reassure people while things slow down and just move on to something else just before the final collapse. The patterns are so so obvious (now after watching them over the years).
For me I no longer get involved in any of these. I won’t even enter into a conversation with anyone mentioning any form of MLM. I do still work in the online world but only in the context of delivering real services that deliver real measurable results time and again (not whims of empty promises and the excitement of skype groups full of evangelical BS and no openness to being questioned). Whenever I come across a group that is too evangelical and have no room for cold hard questioning then I head for the door. Positive thinking is always good and a great remedy to life’s ills, but only just as long as it does not make you delusional and blind to the facts (you know – the ones you do not want to accept).
Every one of these endeavours needs to be approached life a business opportunity and assessed as such. If there is just evangelical proclamations, not backed by historic and measurable evidence then it is no longer a business opportunity. Business involves risk, measured risk. And due diligence is what you need to bring to the table – do not blindly take the words of an over enthusiastic evangelist. Every business owner I know is calm, is clear, stressed a proportion of the time but actually know what they can deliver, what they can not and who they do and do not want to do business with. Not at anytime is being an evangelist part of the equation.
I am sorry if you got involved in Hourly Rev Share or anything similar – but please be careful from now on and learn from these mistakes and take more education decisions from now on.