Today, I'd like to share with you a recent interview I had with Frederick Mann, the owner and developer of JustBeenPaid (JSS-Tripler, JBP's Synergy Surf (JSS), JSS-Booster and JSS-Warp).
Money-Monitor: Let's open with a question about your business. How do you manage to conduct a company, which in itself is a rather structured being, without relying on "official" administrative bodies? Is JustBeenPaid an officially registered company with headquarters, office hours, coffee makers and complementary pencils?
Frederick: JBP is a private company that's not "officially registersed," has no "headquarters," "office hours," etc. Communication between staff members is via online means and occasionally via telephone.
Money-Monitor: How does your everyday life look like? I imagine that conducting such a wide-range business takes a lot of your time. How do you manage to have a life outside the Internet? Or, should I ask, do you have a life outside the Internet?
Frederick: Fortunately I've been able to delegate many duties to other staff members. I've just found someone to take over the rest of my routine admin tasks. This will provide me more time to address the issues that will help most to make JBP more successful. Outside the Internet, I usually play ping-pong twice a week and swim laps 3-4 times a week. I also walk a lot.
Money-Monitor: I don't have to tell you that your program is extremely popular. Did you expect that from the start? What was your original goal when it comes to "popularity," provided that you had one?
Frederick: My original goal was to come up with an easy moneymakingsolution for those I call "98%ers," who typically struggle to make money online. JBP itself wasn't originally a good enough solution. But JSS-Tripler -- launched during February, 2011 -- turned out to be what I had been looking for.
Money-Monitor: How many people are engaged in conducting JustBeenPaid? I imagine you have your own take on management - how do you manage your own employees?
Frederick: We have about 50 staff members, some working just a few hours a week. Fortunately we have some effective managers responsible for key areas such as customer support and programming.
Money-Monitor: Now, if you don't mind, I would like to ask you for some solid numbers. After all, we're all in the "numbers" business. Could you let us in on your statistics? For instance, how many deposit and withdrawal operations do you get daily? And overall? How many registered users does JustBeenPaid have right now?
Frederick: Some of the numbers are confidential. But I can tell you that JBP has nearly 700,000 members with confirmed email addresses. We typically process over 5,000 deposit and withdrawal transactions a day.
Money-Monitor: It's common knowledge that the communication with the investors is one of the fundamental things when conducting an online investment program. How do you keep the investors happy?
Frederick: We provide online conference support with moderators availavle most of the time. We also have a reasonably efficient Helpdesk system.
Money-Monitor: Do you think that an absolute marketing newbie can earn money with your program?
Money-Monitor: Are there any limits to the earnings?
Frederick: For practical purposes, any member can withdraw over $3,000 a day, using a combination of payment processors. As we grow, we increase the limits.
Money-Monitor: You claim that JSS-Tripler is not a HYIP but, at the same time, JSS-Tripler used to be called just that: JSS-HYIP. What's more, just recently your program has been added to many HYIP monitors. Where does this discrepancy come from?
Frederick: We are not like the typical HYIP that tends to disappear when the cashflow turns negative. We have a "Restart Feature" that makes JSS-Tripler indefinitely sustainable. We promote on HYIP monitoring sites because of the tens of millions of visitors they get. We also think we can give them a better deal than most!
Money-Monitor: Could you explain the idea behind the restarts? What's their main purpose? Judging by the comments available online one may deduce that some people tend to feel unsafe because of the restarts. They feel that the restarts are not that beneficial and that, to say it simply, "they loose their spot" in the program. Are the restarts really necessary?
Frederick: Basically, the Restarts convert "JSS-Tripler liabilities" into "JSS assets." The Restarts make the system indefinitely sustainable. They actually enable our members to earn more in the long run. We've recently beefed up our "Restart Educaton":
Money-Monitor: One may notice that the restarts are happening more and more often. Why is that? Will there be more time between the next restart and the current one?
Frederick: There have been only 2 Restarts in over 14 months. The time between the 3rd Restart -- first week of May, 2012 -- and the 2nd Restart is already longer than the time between the first 2 Restarts. Future Restarts may be more frequent and have a smaller effect on most accounts.
Money-Monitor: One of your now famous claims is that your program is "indefinitely sustainable." However, there are people who say that it's just another Ponzi scheme. To be honest, a 2% daily profit is a rate that's difficult to maintain even for forex traders and other financial instruments. Is advertising really just that profitable?
Frederick: JBP is a revenue share program. We're also developing additional "Divisions" of the business that are likely to generate substantial income streams. We've also started working on generating income from advertising.
Money-Monitor: If you were to start your program again, would you apply any solutions or ideas differently?
Frederick: JBP was launched with some member-to-member payments. If I were to start JBP again, it would use the business model we now have.
Money-Monitor: On your website you mention that you operate "in accordance with United States Patent 6,578,010." What does it mean exactly? How did you obtain the patent and how does it work?
Frederick: The patent basically covers the Restart Feature. Originally, the patent owner tried to blackmail us for "infringing on his patent. But it turned out that the patent had expired and is now in the public domain. We're taking advantage of the fact that the patent covers the Restart Feature.
Money-Monitor: What's your opinion on the available payment systems? Will there be any changes with regards to them in the foreseeable JustBeenPaid future?
Frederick: The current payment processors we use serve us well. We tentatively plan to add 3 additional payment processors for greater diversification.
Money-Monitor: On a similar note: why the fees keep on changing? Is there a reason for that? What's the purpose of the fees anyway?
Frederick: One of the purposes of the withdrawal fees is to balance the funds we have available for the different payment processors. The fees also reduce the need for Restarts and tend to increase the time between Restarts.
Money-Monitor: Many of our readers are understandably obsessed with pages' security. How do you take care of your websites when it comes to security?
Frederick: In addition to DDOS protection, we take extensive anti-fraud measures. We also employ an Anti-Fraud Officer who monitors certain things.
Money-Monitor: We asked our readers for any questions for you, and one of the users, cynus1, asked whether you're planning on attracting any outside sources of financing JustBeenPaid. Would they be connected with the advertising industry in any way?
Frederick: We don't plan to seek any outside financing. We do, however, plan to generate income from advertising.
Money-Monitor: Another question from our reader concerns the need for some changes regarding the time a user has to wait for the matrix to fill. Are you planning on making some time-saving improvements?
Frederick: We're working on speeding up our system handling the matrices. Ultimately it's up to members to take the steps necessary to speed up their matrix cycling. We provide extensive training on how to do this.
Money-Monitor: We all know the saying "don't judge the book by its cover," but let's be honest: nobody really does that. While your program is innovative in some ways, your website seems rather outdated. Are there any plans to make the page more appealing and, at the same time, improve its usability?
Frederick: We're constantly working on improvements and will continue doing so. We now have some highly skilled web developers on staff to help with this.
Money-Monitor: On a different note, there used to be an introductory video regarding JBP available on youtube, but just recently it got deleted. Could you tell us what happened?
Frederick: Somebody with a grudge complained to YouTube and they deleted that video and a few others.
Money-Monitor: As of today (25/04/12), the JBP website is offline and here's the conference room information we get: "[i]f you are unable to access the main site today, please understand that the techteam are implementing improvements, there will be times when the site is inaccessible. All will be back to normal soon." Don't you think that investors should know such things beforehand? Have you considered using social media to provide such information?
Frederick: This was unexpected downtime because of DNS-related problems. We're constantly working to reduce unscheduled downtime to the absolute minimum.
Money-Monitor: Experienced businessman such as yourself must have some expansion ideas. What do you plan on doing next? Will you rather work on improving the existing system or invent an entirely new one?
Frederick: An entirely new system called "JBP Living" is under development. Some details will be released in a month or two. We also have other new developments in the pipeline.
Money-Monitor: A question that pops out whenever I read your online manifesto [BuildFreedom.com] is having money inherent in being free?
Frederick: If you think of freedom as the range of positive options you have available, then having money tends to extend the range. In a sense, money can buy you freedom.
Money-Monitor: How did you first become interested in the ideas of freedom and liberty?
Frederick: I was kidnapped by the military in South Africa and forced into military slavery. I didn't like that.
Money-Monitor: Reading your website is, in some ways, like reading a summarized version of the history of American individualism; your philosophy seems deeply rooted in the ideas of American liberalism. At the same time, like any true libertarian, you defy any notion of government or, as you call it, "tyranny". Isn't it a bit contradictory? Being such a proud representative of your country's ideas and defying its structure all at once?
Frederick: If you're in a relationship with an entity you believe has the right to tell you what you may or may not eat, what you may or may not drink, what you may or may not grow, what you may or may not use as money, what HYIPs and other programs you may or may not join, force your children into concentration campuses for brainwashing, take 35% or more of your earnings by force, believe that the entity can "make laws" you have to obey, etc., then you're in a master-slave relationship. I plan to start "Perfectopia" -- a worldwide virtual "spoof country" -- the first country to abolish slavery in all its forms!
Money-Monitor: As one may deduce from your website, you don't believe in public education and, following Emerson's footsteps, you call for self-education instead. However, some of the books you recommend on your page belong to the rather controversial "selfhelp" genre that is often times regarded as, let's just say it, bogus. Do you think Emerson would agree with you on those recommendations?
Frederick: Unfortunately, most humans have been so dumbed down by "public education," TV, and other bad influences that they can't read and apply a self-help book, even if it is good. One of the aims of JBP is to provide our members with the means to "upgrade" themselves. Seeing that Emerson wrote a poem about Éttiene de la Bo&´tie, he may have agreed with some of my radical suggestions:
Money-Monitor: It seems that in order to sell anything these days, one has to develop some sort of philosophy behind it, no matter if it's the diet pills, baby blankets, or even bottled water. Do you think it's possible to conduct a successful business without any sort of idee fixe?
Money-Monitor: All in all, it's hard to become a JustBeenPaid user without getting if only a glance at your manifesto. However, there seems to be a fine line between promoting an idea and becoming a guru. Seeing as your program is incredibly popular, one may say that you already have the potential to become such a mentor. Would you like to be considered a freedom fighting Internet guru?
Frederick: I hope to play a role in "building freedom" with more success that others have achieved so far.
Money-Monitor: We aim to please our readers, so any feedback is truly welcomed: what do you think about money-monitor.com?
Frederick: I appreciate your great service, including being notified when somebody votes for our program.
Check the current status of JustBeenPaid before investing!
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