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Date Added: 12/24/2009
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Reviewer: Traces2757
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33 users graded this
Community Grade
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Do you know about this biz-opp? Add a comment and earn 50 credits!
Biz-Opp Description
Diamond Rewards is a direct selling network marketing matrix program created by internet entrepreneur David Wright. This program focuses on the direct sale of products and on recruiting other people to the program to make residual commission income. A system is in place that rewards members for sales and recruitment in the form of cash, gems and other incentives for top recruiters and earners.
Detailed Overview
Though you can sell products (gems) in the Diamond Rewards network marketing matrix program and make money, the real money is from recruiting others to sell under you. This is typical for a network marketing–also known as MLM–program, and nothing new. To buy into the program it costs $300, which purchases a sapphire. You can turn around after that and sell gems to others through the program for an 80% commission, but if you can recruit other active members, you’ll earn a percentage of their sales as well, which is where you can really start profiting.
As you get to certain distributor levels in Diamond Rewards, you earn increasing amounts of cash and rewards. As you recruit others to the program, you cycle through their matrix. When you first join you are in the Sapphire board, and when you cycle out of that, you receive $600, and advance to the Diamond board. When you cycle out of the Diamond board, you receive $15,000. They aren’t particularly clear on their promotion page what is needed to cycle through either board, though they do say that it’s a revolving matrix plan with levels. To qualify to start cycling and making money, you need to recruit two other distributors.
As members advance up in ranks in the Diamond Rewards network marketing program, they are promised rewards such as ever more valuable gems, spa packages, computers and even luxury cars.
Reputation
Feedback on the Diamond Rewards network marketing matrix system is mixed. Most of the positive claims you’ll see about the program are from people who are trying to recruit, so that automatically discounts them as objective. On the other hand, there don’t seem to be any complaints from people that the program never paid them. There has been skepticism, however, about the professed value of the gems people get through the program. Common sense caution would probably be the best approach here.
Domain "Whois"
The Whois information for a website lists the owner and their contact information. The Whois information for "Diamond Rewards" is public which is generally a good thing. This indicates the owner of this site has nothing to hide.
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9 of 9 users found this review helpful
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Diamond Rewards is the Real Deal
I purchased the $300 sapphire from diamond rewards and joined their personal freedom program in January of 2010. I sponsored the required two people in order for me to qualify and earn income. To my amazement, exactly 10 days after qualifying, I cycled the Sapphire Board and earned $600 ($300 cash and $300 Gift Business Package e-voucher). I used the e-voucher to purchase another sapphire and enter another position (center) into the program. Again, I qualified that position by sponsoring two people. Just five days after qualifying my second center, I cycled the sapphire board again. So in just two weeks time I earned $1200. And in about 45-60 days both my center's will be earning me $20,000 in cash and $10,000 in diamonds. How can you beat that?
Another thing I like about Diamond Rewards is the transparency and support you get from the CEO David Wright. This is the first business I have ever been a part of that you can talk to the CEO of the company directly about any of your concerns. Most CEO's hide behind a curtain and you will never see them or talk to them. David Wright is available to talk to you at anytime. In fact, the contact number on the Diamond Rewards Website, is David Wright's direct line.
David Wright was even gracious enough to meet with me and my small group of distributors for a short Pow Wow on his recent trip to New York. And in that meeting he answered every question and concern we threw at him with open arms.
Guys, Diamond Rewards under the leadership of David Wright is the real deal. If you have any questions or concerns, call David Wright yourself? Like I said his contact number is on the website.
Cheers
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0 of 0 users found this comment helpful
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Sometimes you just have to "Believe"
I concur with OpenMinded. Everything he/she mentioned is absolutely true. I too just recently signed up with Diamond Rewards (3/3/2010) and my sponsor is a very good friend of mine. I have to tell you, it has been a great experience for me.
I bought a GRI certified Sapphire Gem and was automatically placed on the company's "Sapphire" board. I referred 2 of my buddies into the business. Once I recruited them, I leveraged myself into completing the 4 levels of the "Sapphire", I was automatically paid back my initial fee of $300, received a $300 e-voucher (March 21st) and was placed into their "Personal Freedom Progam" also known as the "Diamond" board. I recruited only 2 people and doubled my money in 2 1/2 weeks! Not bad. I am now on Level 1 of the Diamond board and the goal is to keep moving up. Would love to complete the diamond soon and receive my $10K with a Diamond that's worth $5K. $15K for just $300 in say 2 to 3 months? Why not!
"Sometimes you just have to believe"
Good Luck/Stay Well/Take Care
Believe
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0 of 0 users found this comment helpful
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by Believe on March 24, 2010 at 12:22 PM CST
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Success so far
I've been a Diamond Rewards Distributor for a little over 2 months. So far my experience has been above expectations. A family member asked me to join the beginning of January 2010. Reluctantly, after about 2 weeks I finally joined. I paid the initial $300 and found my 2 referrals to become "qualified". After about 2 1/2 weeks I was able to cycle out of the Sapphire board and automatically was entered into the Diamond Board. Because I cycled out of the Sapphire board, I was instantly rewarded $300 cash, along with $300 e-voucher. I used the e-voucher to purchase another "center" which I also "qualified" with 2 referrals and surprisingly cycled out of that Sapphire board in 3 weeks. To date, my first center is on the 3rd level of the Diamond board, and 2nd center is on the 2nd level of another Diamond board. With only $300 to invest, I already made my initial investment back, plus an additional $600 from my 2nd center. In about 30-60 days I will make my first $15000 from my first center.
In regards to the other comments about selling products, I haven't taken that approach. I recruit with the intention of selling a great business opportunity and a chance to make good amount of money. If I make $15000 say by the end of April, only invested $300 and made it back in 2 weeks, I ask, where else can you possibly get that kind of ROI (return on investment)?
David Wright, the CEO, has made himself available anytime to answer any questions or concerns. He actually leaves a number where you can call him directly. The compensation plan is transparent and there are no hidden fees, recurring fees, or any auto-ship of any kind.
I do agree that this business does take some time and patience, but if you have it, the rewards can be extraordinary. I do also have to admit, that once in the Diamond board, you do spend more time on it that the Sapphire, and cycling out of it does take longer, but I feel investing $300 to make $15000 is a great investment. Even if it takes 6 months to even a 1 year to earn $15000, where can you get that kind of ROI? Let me know and I'll invest in that also.
Hope this helps and good luck to all.
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0 of 0 users found this comment helpful
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Little rewards
I have to say that this is the only mlm program that I have profited from, it had been recommended to me by a fellow student. The products to promote are many, and there is variety. In the first month I managed to make a profit of $200. Securing sales is hard, but getting referrals is even harder. The whole cycling aspect of the program is difficult to understand and will leave you with a troubling headache. So far I have been able to get sales of over $1000, which is not much. I hope to do better as time goes on.
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0 of 0 users found this comment helpful
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by uzwel on January 31, 2010 at 4:31 PM CST
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I wasted a lot of time on this
Discovered Diamond Rewards about little more than four months ago and I thought that I will be able to make some extra money. To my regret I wasn't able to achieve good results. The site was quite confusing and I was having a hard time understanding some things at first. The process of making sales definitely isn't of the easiest and I wasn't been able to make much money. After some time I was able to increase the money I was making, but still the process was too much of a time waste to be worth it. The results were nothing special and for the four months I am a member of the site I have made a little over than 22O dollars. Certainly to find good products to promote was a painstaking process and it took quite a lot of efforts. The time versus money ratio was really bad, and in my opinion you can definitely find a lot of better ways to make some extra money. The program is legit though and with a lot of hard work money can be made.
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0 of 0 users found this comment helpful
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by tedi223 on January 10, 2010 at 9:27 AM CST
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Big money but hard sell
I paid the $300 to join this program because it seemed like it had good potential. I still think it does, but just not for me. I was unable to get my 2 referrals that I would needed in order to cycle up to the next level. I think maybe because $300 is a lot for someone to pay to join. I also had a hard time selling the gems. I'm not sure that I was ever really able to get word out to the right kind of people. Not just anyone is going to buy gems online and I think it's a very specific market and one that I had very little experience in. As far as I can tell, this is a legit program and I didn't feel like I got scammed. I don't think it was for me, but I can see how others may have better luck with it.
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0 of 0 users found this comment helpful
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Not for everyone
If you are really good in finding people who are willing to shell out at $300, you are in this lucrative business.
Personally, this biz opp is not for me. I spent some time to promote this program and I didn't get any results. The high price to join could be one of the obstacles. Moreover, not many people want to buy diamonds in this current economic situation.
There are similar programs with lower price to join, products which most people need. I would have better chance with these programs.
Even though the compensation plan is great but if you can't recruit you will be disappointed. This biz opp definitely is not for everyone.
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0 of 0 users found this comment helpful
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by imrc57896 on January 2, 2010 at 8:42 PM CST
I love programs that members can earn money without recruiting or sponsoring. but that doesn't mean I hate the other programs.
One more thing, rate my comment before leaving this page.
Thank you
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This one is just not for me
I tried Diamond Rewards a few months back in the hopes that I would make some decent money online. When I first joined I found the site and program to be a bit confusing because it was basically a place where I had to promote specific products to sell. The first few weeks I barely made any sales, but when I finally got the hang of it my sales only increased a small amount. Over the course of 2 months I made less then $100. The amount of time I put in trying to find the right products to promote and learning my way around their online marketplace was absurd when compared to the money I made. This program just isn't for me, however you will actually get paid, I just don't find it to be worth the time and effort I put in. I am giving this program a C.
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1 of 1 users found this comment helpful
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by mtomney on December 29, 2009 at 9:04 PM CST
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Diamond Rewards Review
I have been a member of Diamond Rewards for two months and have not made any profit from using their site. This site is a waste of time and money with their high buying in fee of $300! In my opinion there are many other biz-opp sites around that are easier and faster to use which are much less time consuming.
I would not recommend this site to anyone looking for ways to make money by advertising/ selling products online as there are much better sites around. I wasted about $50 using this site and I hope people stay away from it.
Overall grade given D
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2 of 2 users found this comment helpful
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Pass this one up, the time and money is not worth
I signed up for Diamond Rewards some time ago and stopped using it because it is very risky. Their prices are fair and their selection is wide, but it is hard to sell items in the market place. The profit made is very small when compared to the amount of time I put into the program. I found it kind of difficult to find the right products to promote with Diamond Rewards. Also, researchers say that around 31% of people going into these kinds of programs are not satisfied, or do not make a profit. I suggested that you pass this deal up and use your money elsewhere, just as recommended by many professionals.
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1 of 1 users found this comment helpful
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by Fried on December 29, 2009 at 4:09 PM CST
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Not recommended
I signed up for diamond rewards about 3 months ago and made a pathetic 300 dollars... That's only 100 dollars a month for a reasonably unsure product. I would highly recommend users stay away from this if they are after quick money and only do this if they are desperate.
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1 of 3 users found this comment helpful
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Diamond Rewards
I signed up for Diamond Rewards a while ago, and have stopped using it because it is very risky in terms of profit. Overall, their prices are fairly good and their selection is wide. But it is very hard to sell in the current economic climate and after three months of trying to make profit I ended up with a total profit of only $500 dollars. This is very small when compared to the amount of time I put into this program. Overall, if you want to take a risk in this economy and try your bets, you could do worse.
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2 of 2 users found this comment helpful
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Pass this one up
I found it kind of difficult to find the right products to promote with Diamond Rewards. Don't get me wrong, they had a bunch of awesome products to pick from, but my main point was being able to sell them. I signed up around October and have made a total profit of $700, which isn't bad but for four months, could have been a little better. I have mixed feelings about MLM scheme's and have heard good and bad stories about them. I wouldn't recommend paying the very high price tag for this opportunity, it's just not worth it. You can use $300 for many other things that will turn you more profits that Diamond Rewards. Pass this one up and find a better way to spend your money.
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6 of 6 users found this comment helpful
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by areevez on December 25, 2009 at 10:53 PM CST
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Perfectly Designed Money-Making Program that Actually Works!
I signed up to Diamond Rewards around a month ago, after one of my webmaster friends told me about how much profit he was making through the program. Initially I was quite hesitant about signing up as the buy-in fee of $300 seemed quite steep, however I decided to give it a shot. This decision the give this program a go in my opinion has been the best choice I have made where it comes to developing a stable income online. Immediately after I bought into Diamond Rewards I began advertising the company’s products to turn a commission. Within a week of my initial sign up I had sold around 40 products and made a profit of over $1000! After the first week with the program, the success I had experienced I decided to spend more time advertising the company’s products, however then I found another feature of the website where you recruit others to the program and then they sell under you, this is the main method I use to make money through Diamond Rewards currently. Currently it is my 25th day with Diamond Rewards and have currently made over $5500 with the program in this month. Without this program I wouldn't be making the income that I am today. I highly recommend this to anyone who is looking to earn a residual commission based income.
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2 of 5 users found this comment helpful
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