In previous years, there are several
pyramiding businesses mushrooming just about anywhere. This type of scheme gave millions of people an opportunity to create investment through recruitment. But now, many people believe that pyramid scheme is as a scam. In fact, it has lost millions of hard-earned income of numerous individuals worldwide. And sad to say, until today there are many people who are lured to this easy-to-make-millions scam.
It's simple to understand the business concept. That's why, even an ordinary fellow can comprehend the idea. However, only the big return (huge profit) is usually emphasized when inviting the person to join. But the truth behind the recruitment process is vaguely discussed. No product or service to sell, only money is involved.
As the name suggests, this
attractive business plan follows the pyramid diagram. It begins with one investor, the first recruiter, occupying the top place. This recruiter will recruit another person as his downline, who'll pay a certain cash (say $150) for investment. That amount will go to the top recruiter. To be able to get back his money, the second recruited person will recruit another person, who will pay the same cash. The process continues until no one is interested to join, and the recruits at the bottom of the pyramid have no profit to expect.
Some people are merely too baffling to understand. They just cannot get enough of being active and out there, especially when it comes to activities involving money generation. Heck, even those who are supposedly 'out of the circle' already still join in
Tracked: Sep 10, 17:40