In recent days, many people have signed up for this Jocial program knowingly and unknowingly. People are sharing affiliate Jocial product links all across Facebook walls. Although many people have joined Jocial, many of them simply do not know well about this program.
Well, you are here to know about the Jocial, and whether it is legal in Nepal or not. I am going to uncover some of the most asked questions regarding Jocial.
What is Jocial?
Jocial is an influencer marketing company that claims to implements fully managed data-driven insights and creative strategies to produce meaningful relationships between brands and creators. Users have to sign up for this program and pay a fee ($40 or $60 as per the subscription plan). Users need referral links to join the program. If there is no referral link then they have to pay the fee to join. The amount of fee differ as per the different packages. Once the user joins the program he/she is advised to share the product at least twice a week and refer to more people.
How does Jocial work?
Jocial works on the basis of Pyramid Marketing (MLM – Multilevel Marketing) style. Here users can register by paying certain fees (subscription model) and promote products. In return they get an affiliate commission as per the sale they make through various channels. The money then can be either withdrawn through Payeer or Perfect Money or through bitcoin.
Is Jocial legal in Nepal?
No! Jocial is not legally accepted by the government of Nepal. The central bank of Nepal (Nepal Ratra Bank) has published the notice regarding not to involved in any type of virtual and network marketing-related programs. However, many Nepalese are involved in the networking channel. Not only Jocial but any type of pyramid marketing schemes are not allowed to operate in Nepal.
Who is the owner of Jocial?
According to the official website of Jocial, Jamie March is the founder of Jocial. He is a British entrepreneur who started his career in the field of digital media marketing at a very early age. However, there is not enough evidence that he has a strong business profile. He even does not exist with his real photographs on the website or any online resources.