hmmm this looks a bit suspect

Slinky1989

Slinky1989

Slinky1989

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Joined
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Swindon, Wiltshire
On the way home from the pub, me and a friend were acosted by a swedish man offering us work from home jobs. He seemed fairly pleasant and was inviting us to come along to a presentation about it.

We asked what the job entailed but he never really told us and just said it'll all be explained in the seminar. Anyway he gave us his card and it has the following web address on it: www.freedom123.net

Now after looking at the website, I can't see anything about the job which just leads me to think that it's another scammy pyramid scheme.

What do you guys think?

Cheers
 
I think the same thing you think.

It'll just be another of those cards that you see plastered all over traffic lights and such.
 
Dodgy People said:
# 1% Are Seriously Wealthy.
# 4% Are well off.
# 5% Are STILL working because they HAVE to.
# 54% Must DEPEND on family or government support to make ends meet.
# 36% Are dead.
Which statistic do you want to be?
Click to expand...

Hmm, gotta be worth a try if they've come up with some way to avoid death.
 
Hyper said:
How do these pyramid schemes actually work :confused:
Click to expand...

They have a "product" or "service" which you sell and get commision on but you get paid for every person you recruit plus a percentage of what they sell etc.

So the people who make the money are the early people in the scheme.

A typical example is as follows:

Say its £500 for the "training" and "setup costs". You get a percentage of everything you sell (some bad schems have no selling or product at all) but you get £100 for every person you recruit after a minimum amount of people plus a percentage of what they sell plus say £50 for every person they recruit. You might then get £10 for every person who get recuited by the person they recruited etc.

It looks good. Recruit 5 people and you have your money back. If each of them recruit 5 people you will be £250 up. If each of them recruit 5 people you ill get another £250.

I am been generous with these figures, they usually aren't as good as that and rely on you recruiting 20-30 to get your money back.

But even with the 5 scenario you get the following:

You recruit 5 people
They recruit 5 more each = 25
Again = 125
Again = 625
Again = 3125

By the time you get to the 11th repeat (the bottom of the pyramid) you will have 48 million people in the scheme (pretty much every adult in the uk)

By the 15th iteration you have more than the world population!

Hence the starters of these schemes and their friends (or early adaptors) do become millionaires. Say by level 11 (if it got that far) you were getting only a £1 commision for every recruit you would get £48m plus say £2 for everybody the level above right up to £100 fro each direct recruit you made.
 
A bit of exploring leads you to www.recruitsystem.com which explains that they provide a system to sell something called Herbalife. The Wiki page (which I've just linked to) says that they sell controversial diet products and other healthcare items, and they do this by way of multi-level marketing. MLM is functionally identical to a pyramid scheme, except that it is legal because instead of selling nothing except the right to participate in the scheme, you sell the information needed to sell the product, in this case the diet pills or whatever, by way of network and multi-level marketing. Your goal once you are partaking in the scheme is more to sell the scheme on to people, rather than the diet pills - the diet pills are just a handwaving distraction to divert people's attention from the fact that it's a pyramid scheme.

It's a pyramid scheme, but a barely legal one.
 
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