"All I need now is $1000 and then you too can collect $1000 from other naive people just like you!"
It's a shame that this actually happens. Pyramid Scams are very real and are rather common. But they should not be confused with a Multi-Level Marketing Company. BUT WHAT'S THE DIFFERENCE?
Pyramid Scams
- Have no real product or service
- Have no real compensation plan
- Are very hush hush, "This is a big secret!"
- Promise huge payouts very quickly
- Have no Business History
Muti-Level Marketing Company
- Offer a product or service you can sell
- Have a Real (simple) Compensation plan
- Have a business history (openly traded)
- Offer training and realistic payouts
How do I avoid the scams
- 1) Find — and study — the company’s track record
- 2) Learn about the product
- 3) Ask questions
- 4) Understand any restrictions
- 5) Talk to other distributors (beware shills)
- 6) Consider using a friend or adviser as a neutral sounding board or for a gut check
- 7) Take your time
- 8) Think about whether this plan suits your talents and goals
AND ABOVE ALL!!! You've got to like what your selling. IF you don't, than why are you selling it?
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