28/05/2010. Interview with the admin of TrueEarn

BEWARE! THIS PROGRAM HAS STOPPED PAYING! PLEASE DO NOT INVEST!

Hi everyone! At a time when so many programs have been collapsing because of either bad admins or a lack of interest from the wider investing public one short term program that has amazed many investors including myself has got to be TrueEarn. The program and its admin Scott have already achieved what many would consider to be an almost impossible task even in a better economic climate than the one we find ourselves in today by keeping a high ROI short term investment plan running successfully for so long. So today I’m pleased to bring you this second interview with Scott who has proven himself one of the best admins around at the moment. Not that the competition is all that great, lol! You can read the first one with him here before continuing.

Whilst we all no nothing in this industry lasts forever, had you taken my advice and joined TrueEarn at the beginning you would have done very nicely for yourself by now. The fact is that they are offering terms of 116% after 4 days, 145% after 10 days, 210% after 20 days and have been paying successfully on them since the start of last April. For more information on the plans and the program you can check out the review that was originally published here and discuss the program on the MNO forum thread here.

“1. Hi Scott. For the benefit of the newer readers of MNO, can you once again tell us who you are and what it is you do with TrueEarn.

Hi Paul, MNO readers and my dear members. As you all know, an administrator in this industry hardly gets a chance to introduce himself or herself a second time before the MNO readers. I take the privilege to introduce myself once again before you. My name is Scott and I’m the lead manager of TrueEarn. I’m the one responsible for the core management of TrueEarn. I handle members’ deposits and withdrawals, support requests, security of the website and financial transactions, and the advertising campaigns.

2. Also can you remind us of the plans? Please explain them in detail and list the accepted payment options. Also could you tell us what is the most popular plan with investors and tell us why you think this is so?

TrueEarn offers three easy-to-understand and simple plans for members to choose from and invest, which at the same time are highly profitable. As I have said in my last interview, I haven’t set any specific names for any of the plans. The first plan is a 4 days plan, which runs for a period of 4 calendar days, and offers a total return of 116%, upon its expiry. This plan has its minimum deposit limit set at $5 and the maximum deposit limit is $5,000. The second plan is a 10 day plan which runs for a period of 10 calendar days and offers a total return of 145%, paid on expiry. The minimum deposit required to join this plan is $50 and the maximum deposit allowed is $20,000. The third plan is a 20 days plan, which runs for a period of 20 calendar days, and offers a total return of 210% upon expiry. The minimum deposit for this plan is $100 and the maximum is set at $26,000. Please keep in mind that earnings are not credited to your account daily, but only upon the expiry of the investment term. Your principal amount is included in your earnings. For example, a 116% of total return in the 4 day plan means just that, 100% is your principal amount and the remaining 16% is your clear profit.

The most popular plan among the members is obviously the first plan (4 day plan), since it is the plan with the shortest maturity term and at the same time is highly profitable.

3. Maybe you could tell us something about the day to day running of TrueEarn? First of all is it a full time occupation for you? What would a typical day consist of?

To be frank let me tell you Paul that if I had not put a lot of hard work into the running and managing of TrueEarn from the very beginning itself, I wouldn’t have been able to reach this great position where it is right now. It’s more or less like a full time occupation for me but I don’t forget to take care of the matters that are associated with my personal life. I hardly sleep 4 hours a day and the remaining time is dedicated to TrueEarn and my personal life. I have to admit that about 90% of that remaining time is dedicated to managing TrueEarn, so that my members get the highest quality service available.

4. A couple of big names in the HYIP arena have come under some serious attack recently. What can you tell us about your security and the safety of their deposits What would you like to tell readers of MNO about the security of TrueEarn?

It’s obvious that the target of most of the DDoS attackers and hackers are HYIP websites. Knowing this fact, I have taken the necessary steps to secure TrueEarn website from all kinds of malicious attacks from the very beginning. I have sought the services of the most popular anti-DDoS service provider in this industry, DDoSWiz, to prevent and mitigate any such attacks. I have also purchased and set up a 256-bit SSL encryption system from Comodo for the TrueEarn website, which safeguards all sensitive information with superior quality encryption, during money transactions. I’m using a licensed version of the famous and most popular GoldCoders script for extra security of my members’ money.

5. One question that I am continually asked is how long do I think TrueEarn could run for. It’s also the one that’s impossible to answer. So realistically how much longer do you think you can keep the program going?

I have been getting tremendous support from my members from the very beginning itself. The member support has never decreased, even by one percent, till now, and is only getting better day by day. More members are making deposits everyday as they have started to see the potential of TrueEarn. What I have paid out is only about 40% of the total deposits, which means that members are reinvesting more money than they withdraw, as they believe in TrueEarn. Under these circumstances, I have high expectations that TrueEarn can and will continue to pay its members for several months to come.

6. How much has changed in your program since our last interview? How popular is it now? What statistics can you offer us on the size of the membership and the amounts being collectively deposited?

I have to say a lot has changed since I had the last interview with you, Paul. The popularity of TrueEarn has increased by several folds now and I didn’t even expect that I could make TrueEarn to reach these heights within a short interval of time. TrueEarn has managed to attract over 9000 members now, has collected over $820,000 in deposits and paid out close to $310,000 in withdrawals.

7. Also in your last interview with MNO you stated that you had some ideas in mind for the future of TrueEarn. How has all that been working out?

Well, I have been giving high quality 24/7 support for my members from the very beginning itself. I have started promotion campaigns for TrueEarn, in the form of stickies and banners in the top money making forums, namely, MoneyMakerGroup, TalkGold, DreamTeamMoney and ITalkMoney.

8. Can you tell us a bit more about the recent referral contests? How successful were they in attracting new members? Will there be any more?

Till now, I haven’t conducted a referral contest. But I do have plans to conduct a referral contest in the future. As of now, I’m getting tremendous support from my members, and many people who have already realized the potential of TrueEarn have joined and are inviting their friends too. In addition to these, the advertisement campaign is also serving good in bringing a good number of members to TrueEarn. So I don’t see there is a need to conduct a referral contest now.

9. As a short term program TrueEarn can only be described as a runaway success by now. So what’s the secret? What are you doing that keeps people coming back for more when your competitors would be long gone by now? What are you doing that other admins can’t seem to manage?

The most important factor that any program needs to make it a success is the honesty and quality of the administrator in doing his job and serving his members. I cannot call it a big secret, since it is a well-known fact to all. I can’t tell that it is something that the other administrators don’t have, but it is something that the other administrators are not willing to have. The amazing support and the fast payments I provide in accordance with the terms, do keep TrueEarn at the top, separating from every single existing program, and that itself, is a big reason for people to come back.

10. Without asking you to advertise other HYIPs, but are there any examples out there that particularly impressed you either in the past or present time? Any examples of what you would say is the correct way to run an HYIP?

Indeed, there are a couple of HYIPs in the past, which impressed me with their longevity and track record. Their impressive track record has opened my eyes and has given me ideas of how to run a successful program. As I said earlier, for any program to be successful, the administrator of the program should be honest in his works and serving his members. Without it, no program can be a success. Indeed members’ support plays a major role in making a program successful, but what if the administrator is someone who is not loyal to his members? TrueEarn has been getting an amazing support from the very beginning, and is growing each and everyday, and I’m really happy about the fact that members are supporting me. Rest assured, I promise I’ll do my best to keep TrueEarn at the top, by serving my members with utmost honesty and superb service.

11. What about your personal experience as an investor? Is there any tips or advice you you could offer the regular HYIP players on how to pick a good portfolio for themselves and spot the obvious scams a bit quicker.

From my personal experience as an investor, I have learned a lot about this HYIP world. Any program that is not here to stay for at least a week will have cheap design, cheap webhosting, low cost or absolutely no anti-DDoS provider. You will be able to find out a lot of flaws in such programs. As always, do your own due diligence before investing anywhere, and seek advice from the professional investors.

12. Realistically, how highly would you rate somebody’s chances of earning more money than they lose in this business? What is your opinion of the online investment industry in general?

Actually, I would say, a person’s chance to earn more money than to lose is 100%. But it’s always the greed of a person which takes him or her down, makes him or her in loss. Always invest only what you can afford to lose, so that such a loss won’t hit you severely. Don’t reinvest all of your money, but take out your principal amount, and invest your profit. So even if you have to lose, you are losing nothing, since you have your original money with you. Always pick up good programs to invest. It’s not hard to find good programs, since good programs will have spent a good amount of money for better design, good webhosting and all, but at the same time, it’s hard to know whether the admin is honest. Always seek the advice of professional investors as they will be able to give you better guidance than the decisions you take. This online industry is certainly a great place for people who wish to make some quick money.

13. I suppose the success of TrueEarn is the product of many factors but there is no denying that support from the members plays a huge role. What can you tell us about that and the importance of that support continuing? As an admin what have you done to earn it and how do you intend to maintain it?

I have to admit that the support from my members has played a major role in bringing TrueEarn to this great position where it stands now. The continuity of members’ support will definitely serve in helping TrueEarn to reach even greater heights, and in fact, the support is getting better, day by day. The amount of members’ support a program gets completely depends upon the way the administrator of that program serves the members. I have earned the support of my members with the honesty in my work in serving my members, fast payouts and 24/7 superior quality support. I’ll continue with my sincere work and do my best in serving my members, to maintain and increase the support from my members I have been receiving so far.

14. And finally what can we expect in the near future for TrueEarn? Are there any ideas about the further promotion of the site? Do you have any plans to change things around in any way? Or is it pretty much fine the way it is?”

As of now, I have already purchased so many banners in the top monitors made TrueEarn discussion thread a sticky in some of the top forums, as a part of the advertisement campaign. I will be purchasing more banners and sticky topics in various forums, monitors and blogs, to give more exposure for TrueEarn among the online investors. I have plans to add more language versions for TrueEarn website, so that those who are not well-versed in English, can easily understand what we have to offer in their local language. I am doing my best to serve every single member according to their needs. The rest, I believe it’s fine the way it is. But remember, you are always welcome to let me know your suggestions, since I believe every member will have their own unique opinion and suggestion.

Thanks Paul for inviting me for this second interview with you, which I believe is absolutely a rare opportunity for an administrator in this industry to have. I feel highly honored for having this interview done with you since I could share my thoughts and hopes I have ahead for TrueEarn, with my members. I wish all the MNO readers and my members a happy money making time in this industry, not only with TrueEarn, but also with other good programs out there.
I wish you all an enjoyable stay with TrueEarn.”

Thanks a lot to Scott for that and let me wish him, his program, and all the TrueEarn members every success in the future. I think we can agree that the HYIP industry has been a much better place for the existence of this program than it would have been without it. So keep up the good work and long may it continue!

That’s about it for the moment guys, but don’t forget to check back a little later this evening when I’ll have all the important news stories from the programs on my monitoring page from the last 24 hours. See you all then!