Pyramid schemes

Author
Discussion

heebeegeetee

28,740 posts

248 months

Thursday 26th November 2015
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Charlie1986 said:
Jumping on now means being at the top of the tree
Have you pointed out to him that he really means top of the pyramid? smile


coopedup

3,741 posts

139 months

Thursday 26th November 2015
quotequote all
L4CON said:
I remember reading something not too long ago about MLM schemes, if i recall correctly a US government organisation found that over 90% of people involved in Herbalife lost money.
yikes Herbalife, fk me that's a blast from the past, I attended a couple of seminars back in the day, thought I was going to be minted!hehe

dudleybloke

19,824 posts

186 months

Thursday 26th November 2015
quotequote all
There was a big pyramid scheme round here about 15 years ago called Womem4Women or something similar. Loads of people lost money.
I look at these things as an idiot tax.

Joeguard1990

1,181 posts

126 months

Thursday 26th November 2015
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Ask him what the scheme / "Business Model" is called and we can then advise.

The latest one going around at the minute is Traffic Monsoon, which again basically relies on you getting people to sign up and waste money so you get a percentage of what they waste...

L4CON

145 posts

105 months

Thursday 26th November 2015
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TankRizzo said:
I have Type 1 diabetes and she even told me that drinking aloe vera gel would help me control my blood sugars. I blocked her afterwards.
A facebook friend of mine is invovled with juice plus. Apparently juice plus was the reason a woman conceived a baby after 7 years of trying and unsucessful IVF treatments. rolleyes

This is on top of the various ailments/illnesses it miraculously cures where conventional medicines have failed... apparently.

anonymous-user

54 months

Thursday 26th November 2015
quotequote all
Investing; if it sounds too good to be true then it nearly always is.

The institutional 'smart money', who get in at the initial stages, aren't found on oil rigs.

This is why such schemes are often successful: https://en.wikipedia.org/wiki/Fear_of_missing_out

Big Pants

505 posts

141 months

Thursday 26th November 2015
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Never trust anybody who hasn't learned to remove "Sent from my iphone" from the bottom of their messages.



Sent from my iphone

voyds9

8,488 posts

283 months

Thursday 26th November 2015
quotequote all
dudleybloke said:
There was a big pyramid scheme round here about 15 years ago called Womem4Women or something similar. Loads of people lost money.
I look at these things as an idiot tax.
Women empowering women

What feminism actual means, getting screwed over by another feminist.

Vaud

50,496 posts

155 months

Thursday 26th November 2015
quotequote all
La Liga said:
Investing; if it sounds too good to be true then it nearly always is.

The institutional 'smart money', who get in at the initial stages, aren't found on oil rigs.

This is why such schemes are often successful: https://en.wikipedia.org/wiki/Fear_of_missing_out
FoMo. My 2 year old gets that when she goes to bed, always wants to stay up with everyone else.

Appropriate to scenarios like this.

dudleybloke

19,824 posts

186 months

Thursday 26th November 2015
quotequote all
voyds9 said:
Women empowering women

What feminism actual means, getting screwed over by another feminist.
That was it.
Loads of morons handing over money they can't afford then moaning when it goes tits up.

http://www.theguardian.com/uk/2001/aug/05/tracymcv...

It hit round here just as a large factory made lots of women redundant and quite a few of them lost all their payout. Friendships were lost and a couple of houses got smashed up in the aftermath.

JimmyConwayNW

3,065 posts

125 months

Thursday 26th November 2015
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Loads of it in facebook. Wait until the facebook name changes to include FLN in the title.

Wearing a suit, posting inspirational quotes does not make you an entrepreneur. Bunch of divs.

velocefica

4,651 posts

108 months

Thursday 26th November 2015
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You might aswell stick the money on a bet with Paddy Power

timlongs

1,728 posts

179 months

Friday 27th November 2015
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TankRizzo said:
One of my former friends does Forever Living. She alienated everyone on her Facebook list by pestering them with it. Unsurprisingly, her main focus seems to be on "building a team" rather than actually selling the overpriced tat. They're all robots following a script: post inspirational quotes & pictures, post pics of you in the garden saying "this is my office today xxx", post how much time you're getting with the family, and lastly post about the amazing benefits of aloe vera.

I have Type 1 diabetes and she even told me that drinking aloe vera gel would help me control my blood sugars. I blocked her afterwards.
Same here - had to delete a girl on facebook doing the same. She even set herself up as a 'business coach' on facebook and started a blog. Wonder when it will all come crashing down.

JimmyConwayNW

3,065 posts

125 months

Friday 27th November 2015
quotequote all
Loads of it in facebook. Wait until the facebook name changes to include FLN in the title.

Wearing a suit, posting inspirational quotes does not make you an entrepreneur. Bunch of divs.

Adrian E

3,248 posts

176 months

Friday 27th November 2015
quotequote all
TankRizzo said:
One of my former friends does Forever Living. She alienated everyone on her Facebook list by pestering them with it. Unsurprisingly, her main focus seems to be on "building a team" rather than actually selling the overpriced tat. They're all robots following a script: post inspirational quotes & pictures, post pics of you in the garden saying "this is my office today xxx", post how much time you're getting with the family, and lastly post about the amazing benefits of aloe vera.

I have Type 1 diabetes and she even told me that drinking aloe vera gel would help me control my blood sugars. I blocked her afterwards.
Same here - couple that I met my wife through, who both gave up proper jobs to sell the lifestyle, and tried to get me to sign up. They 'seem' to do alright out of it. Holidays, cars, time off for hols etc etc

Facebook keeps suggesting them as friends, probably as we've all shared a workplace...

GreatGranny

9,128 posts

226 months

Friday 27th November 2015
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My wife's Auntie and Uncle have been doing Amway for what must be 20 years.

They gave up good teaching jobs to do it full time.

They must be well into their 60s but still do it so either love it or haven't made enough money to retire.
If they had stayed in teaching they both could have retired at 60.

We received a pair of Amway scissors for our wedding present from them as did 2 of my wife's sibling :-)

DMN

2,983 posts

139 months

Friday 27th November 2015
quotequote all
coopedup said:
L4CON said:
I remember reading something not too long ago about MLM schemes, if i recall correctly a US government organisation found that over 90% of people involved in Herbalife lost money.
yikes Herbalife, fk me that's a blast from the past, I attended a couple of seminars back in the day, thought I was going to be minted!hehe
A LOT of lower league footballers (Conference National/North/South level) are involved with Herbalife.

Motorrad

6,811 posts

187 months

Friday 27th November 2015
quotequote all
DMN said:
A LOT of lower league footballers (Conference National/North/South level) are involved with Herbalife.
Footballers being well renowned for their intelligence and canny business acumen. biggrin

Tell your mate flat out that you think it's a scam but you wish him the best of luck with it.

That's what I did when a friend of mine was 'converted' to Amway. He shunned me for a while but after losing a shed load of money and wasting a lot of time he eventually realised I was correct.

walm

10,609 posts

202 months

Friday 27th November 2015
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Charlie1986 said:
This isn't a scheme they have found a loop hole of how to make money and not be caught

This is what he is telling me now
Whether legal or illegal is irrelevant (ish).
The whole point of a pyramid scheme is that they are unsustainable business models.
Ask your mate to PM me and I will happily build a spreadsheet showing that by this time next year the entire 7bn people on the planet need to have signed up for him to make £2.50 a week.

Hilts

4,391 posts

282 months

Friday 27th November 2015
quotequote all
Big Pants said:
Never trust anybody who hasn't learned to remove "Sent from my iphone" from the bottom of their messages.



Sent from my iphone
biggrin