February 13, 2012 9:38 am at 9:38 am #602041babygooseParticipant
so maybe someone serious, responsible and educated has ideas of good places to invest money.
also, does anyone know about these schemes that have you sell their products and get agents and then they pay you percents….??February 13, 2012 3:39 pm at 3:39 pm #851481yungerman1Participant
“also, does anyone know about these schemes that have you sell their products and get agents and then they pay you percents….?? “
Yes- The company calls it “multi level marketing”, while the rest of us call it a pyramid scheme. It also happens to be illegal.February 13, 2012 3:43 pm at 3:43 pm #851482☕️coffee addictParticipant
Ask a financial advisorFebruary 13, 2012 3:47 pm at 3:47 pm #851483soliekMember
simon and schuster 😀February 13, 2012 8:44 pm at 8:44 pm #851484ED IT ORParticipant
I can start a ponsi for you if you want,
zero percent Apr (on) returns!February 14, 2012 2:21 am at 2:21 am #851485moreMember
anyvun vith zmart enuf idiozz wud be smort enuf nut 2 rite it up chere. -mixture of the spanish and american accent combined..lol, isn’t it the same place???LOL!February 14, 2012 11:42 pm at 11:42 pm #851486HaQerMember
It also happens to be illegal.
What is illegal about multi-level marketing / pyramid schemes?
Side question, has anyone here ever tried one of these pyramid schemes? Do they work? Why or why not?February 15, 2012 6:46 pm at 6:46 pm #851487ParshamanMember
I happen to be involved in one which is perfectly legal and one of the fastest growing companies in America. One of the leaders is a frum yid who is making enough money to support his family.February 15, 2012 7:10 pm at 7:10 pm #851488chocandpatienceMember
HaQer: Do the maths. And you’d better take advice before you invest.February 15, 2012 8:09 pm at 8:09 pm #851489popa_bar_abbaParticipant
I was once on a date at a hotel, and there was a scamway convention there. There were like 5000 scammers and scammed all together in one building.February 15, 2012 9:10 pm at 9:10 pm #851490zichmichMember
I second Parshaman.
I also am involved in one which is perfectly legal [Ambit energy]and it’s one of the fastest growing companies in America. A few leaders are frum yidden who make [more] than enough money to support a family, though most Heimeshe people involved dont make more than a couple a hundred a month. There are many perfectly legal marketing companies. The one I mentioned above work together with many local utillity companies such as ConEdison and National Grid. This company happens to sell a service- electricity not a product. That said, not everyone who joins is succsessful. I’ts not a “get rich quick” scheme. It takes work just like in any other sales field.February 15, 2012 9:17 pm at 9:17 pm #851491HaQerMember
No one has answered yet why it would be illegal. I know of one that a friend of mine was involved in Herbalife and as far as I know it was legal. I haven’t heard about it recently so perhaps it has fizzled out. I don’t know whether he actually made money off of it.
“Do the maths”
It is a pyramid, the people at the top make money. Those at the bottom don’t. Depending on the commission structure, you need a few levels to form below you on the pyramid in order to make money and only a few actually achieve that. The pyramid theoretically grows exponentially but in reality you eventually run out of customers and it ends. At that point the bottom few rows which are exponentially larger than the ones above them don’t make any money. I understand that it is risky because of this. Of course, depending on the product itself, even those who don’t make any money might gain in other ways. With herbalife for example, they supposedly are healthier.
Parshaman – what company are you referring to?
I am closing this thread. I do not want anyone peddling their scams on this forum. The CR is a place to come bicker; not to come scam each other.
If you must be a scam artist for a living, please go rip off the feds or the goyim. Then, you can join 600kilo bear’s federal koillel.
All these businesses are a scam; you are stealing money from the people who you convince to sign up. And usually from your friends and family. If you join, you will probably end up with no money and no friends, and not even a bed in otisville.
- The topic ‘here's a new one for this page – MONEY!!!!!!!!!!!!’ is closed to new replies.