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viraj86
Member
Joined: 2 Nov 2007
Posts: 12
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# Posted: 2 Nov 2007 04:31
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I just realised my mlm is pyramid scheme . wat should b the best attitude to adopt . close it and leave or fool other people to get my money back. i m still some money short of my investment
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Newbie Shield
Joined: 22 Sep 2007
Posts: 2232
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# Posted: 2 Nov 2007 08:05 · Edited by: Newbie Shield
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That's a personal decision. What is your ethical stance? If you feel it is a scam, are you comfortable making your money back at the expense of others?
Do what will make you sleep best at night.
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pcwork
Member
Joined: 12 Aug 2006
Posts: 1623
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# Posted: 2 Nov 2007 11:12
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You can register a complaint with the EOW
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viraj86
Member
Joined: 2 Nov 2007
Posts: 12
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# Posted: 2 Nov 2007 12:05
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I mean since it is in early phases ,i can still make money out of it but valuaable friendships being lost
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Newbie Shield
Joined: 22 Sep 2007
Posts: 2232
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# Posted: 2 Nov 2007 12:55
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Right, so decide if that is worth making your money back or not.
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opendomain
Member
Joined: 19 Aug 2007
Posts: 535
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# Posted: 2 Nov 2007 14:17
Reply
Cut your losses and move on to the next thing and make your money up there. Don't burn bridges to remake an investment when you can use the same bridges to create an income...
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4u2nv
Member
Joined: 16 Oct 2007
Posts: 64
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# Posted: 2 Nov 2007 15:20
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Wow... I would never promote a company if it was a SCAM. Why scam other people just to make your money back? I've been scammed many times but would never thought to continue on just to make my money back. I guess that's why I'm not RICH like all the scammers on the internet promising thousands of dollars each month without having to do much work because of their PROVEN System. Blah blah blah... anyway, good luck with your decision!!!
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TacKev
Member
Joined: 4 Oct 2007
Posts: 4
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# Posted: 4 Nov 2007 12:52
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Close IT!!!! Unless you want to be known as the person who took others for a ride with XYZ Company? In fact, tell all of those who you have signed up or whatever to close shop too.
There are hundreds, if not thousands, of other opportunities out there where you can make your money back and still be respected.
However, its a personal decision and its up to you...just don't be approaching any friends or family! or me! 
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southbank63
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Joined: 1 Oct 2007
Posts: 132
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# Posted: 4 Nov 2007 14:04
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At the risk of looking very stupid... how do you tell if a scheme is pyramid? I thought all MLM were pyramid.. by definition.. I'm confused..
How does MPM fit into MLM/pyramid? Or doesnt it?
My head hurts!
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ka7952
Member
Joined: 30 Sep 2007
Posts: 164
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# Posted: 4 Nov 2007 15:07
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If you know it is apyramid scheme for sure. I don't thnk you should continue. You should file a complaint.
There are so many home-base opportunities out there that are legitimate. My business, for example, are giving real products and real potential with zero cost to join.
No MLM does not mean pyramid scheme. MLM means legitimate business, but pyramid scheme will not be able to sustain up to certain point. Business plan is completely different.
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TacKev
Member
Joined: 4 Oct 2007
Posts: 4
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# Posted: 4 Nov 2007 15:35
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An easy way to tell if something is a pyramid scheme is to look at the pay plan...is it possible for you to earn more than the person above you?
I have recently joined an MLM that is only 27 months old, there is an old lady that is earning more that the people who started the business!
A corporate ladder looks a lot like a pyramid...the CEO on top, directors below him, managers below them etc etc. Has a manager got a chance of earning more than the CEO? Don't think so!
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asebf
Member
Joined: 11 Sep 2007
Posts: 267
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# Posted: 4 Nov 2007 16:24
Reply
Quoting: viraj86 but valuaable friendships being lost
.........
Nothing is worth this. Nothing.
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CSGWAHM
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Joined: 30 Dec 2006
Posts: 272
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# Posted: 4 Nov 2007 16:58
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Personally, I couldn't promote a business if I knew if was a pyramid scheme. If you know this for sure, then I would get out of it asap. Think about it.....you wouldn't want to be scammed, so don't do it to other people. How do you know it's a pyramid scheme? Reason I ask is because alot of people assume that a pyramid scheme is something it really isn't, there's alot of bad information on the internet. Check it out thoroughly and do what your gut is telling you to do. Good luck!
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Newbie Shield
Joined: 22 Sep 2007
Posts: 2232
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# Posted: 4 Nov 2007 21:54
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Quoting: southbank63 how do you tell if a scheme is pyramid?
Hi South,
You can Google "difference between mlm and pyramid scheme". That should explain a few things or at least give you a general idea.
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TB550
Member
Joined: 1 Nov 2007
Posts: 28
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# Posted: 4 Nov 2007 23:57
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It would be wise to get out now. Not only is it the ethical thing to do, but if it is truly a pyramid scheme getting out may save you some possible legal trouble.
Better safe than sorry.
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RayvinAndRob
Member
Joined: 22 Jun 2007
Posts: 195
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# Posted: 5 Nov 2007 18:01
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Viraj,
What causes you to believe you may have got into a pyramid scheme? What tipped you off, if you don't mind my asking?
Rob
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viraj86
Member
Joined: 2 Nov 2007
Posts: 12
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# Posted: 6 Nov 2007 06:39
Reply
yhe products are worthless .. cheap computer courses which r freely available on the net + website dat 2 subdomain ....... for more than 150$.
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Newbie Shield
Joined: 22 Sep 2007
Posts: 2232
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# Posted: 6 Nov 2007 08:48
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Would you want others to be scammed by this? How does it feel to get ripped off? That is how others will feel if you promote the scam.
You might consider blowing the whistle on this horror. Try the FTC, Attorney General, and the BBB. Open fire on scams. Don't hold back. You should be able to get your money back if you state the reasons that you mentioned.
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Momsy
Member
Joined: 25 Nov 2007
Posts: 3
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# Posted: 25 Nov 2007 15:23
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I have been scammed quite a few times. There was one company I was promoting, I did not get any payment at all. Anyway I posted a positive comment about them on a forum and someone made a snide remark, 'like, good luck to you, stupid'. I was a bit offended at first, and thought "no ned to be mean". But that comment prompted me to check the site a little closer, so I started looking for a contact link or button and just couldn't find one. The ones that were in my welcoming email was a one way address, so my mails kept coming back. So I wrote a email to all the persons who signed under me, to let them know my decision and why and I just left. I haven't been back.
My advice, those persons who signed under you, need to know the truth. If you have their contact details, you can keep in touch with them with any good opportunities you may come across. They can be the beginning of your "list".
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lavendersluv
Member
Joined: 28 Jun 2005
Posts: 52
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# Posted: 26 Nov 2007 08:14
Reply
If you know for sure its a pyramid get out. The company will end up going under anyway get out now and re-coup your loses. good luck
Michelle
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mycats
Member
Joined: 27 Nov 2007
Posts: 62
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# Posted: 27 Nov 2007 14:23
Reply
If it is a scam then get out and cut your loses. Why would you want to hurt other people at the expense of making your money back? Not only will you be hurting those people you will also be losing friends. If you tell people under you the truth they will have a higher regard for you in the future, so when you find a legitimate company to work with you can go back to them.
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040107
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Joined: 14 Apr 2007
Posts: 352
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# Posted: 27 Nov 2007 15:49
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Quoting: viraj86 yhe products are worthless .. cheap computer courses which r freely available on the net + website dat 2 subdomain ....... for more than 150$.
If this is the case, there are plenty (and popular) of these on the
Internet.
I see a lot of these programs that cost $500-$1000+ to join. Part
of that money goes to pay for the "Admin Fee" and the rest goes to
the person(s) (upline) who recruited you. Once you're in, you'll be
recruiting people into the business too. A percentage of the
first 1 or 2 sales may go to your upline. When you bring in
someone, their first 1 or 2 sales will go to you also. Regardless, a
percentage of every sales goes to the Company as an "Admin Fee".
That's how it usually is. Sometimes, the numbers varies but the
concept remains. You pay to get in, your referral gets paid, the
company gets paid. When you're in, you will start recruiting others.
The problem with most of these company is that they have crappy,
over-priced, outdated products. The main focus of the whole
company is to bring people in. That's how everyone gets paid, or at
least that's the bulk of where the income comes from. The products
are just there to make it "legal". Nobody cares if the products
gets sold or not as long as the "opportunity" gets sold.
When you're paying hundreds of dollars for a chance to resell
products that can be found all over the place for pennies, you may
want to think twice about joining. Then again, it's not the products
that are attracting people. It's the opportunity to get in and sell
the same opportunity to others.
Time like this is when either greed or desperation kicks in.
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SovereignWealth
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Joined: 18 Sep 2007
Posts: 69
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# Posted: 27 Nov 2007 16:35
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Quoting: viraj86 I just realised my mlm is pyramid scheme . wat should b the best attitude to adopt . close it and leave or fool other people to get my money back. i m still some money short of my investment
Remember whether you are promoting MLM or any other online business, you are building a brand name. That brand is Your Name. If you participate in a scam, even to just get your money back, your name (Brand) will always be connected to that. It is as easy a search away.
Build your brand so that your customers will feel comfortable buying from your recomendations because they know you to be honest and someone who only promotes good products.
Compare how much you lost in your MLM scam to how much you can make over a lifetime of internet marketing with a name synonymous with honest business and trusted products.
To your success,
Michael
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twingles
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Joined: 8 Jan 2008
Posts: 1
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# Posted: 8 Jan 2008 17:56
Reply
Quoting: southbank63 How does MPM fit into MLM/pyramid? Or doesnt it?
MPM is a lot like a MLM without the negitives. It's completely free to sign up and it doesn't require you to buy anything. What you do is you sign up for a mall and do all you normal shopping from your mall and then give away other malls and ask them to do all of their purchases from their malls (over 1400 stores). Then the stores give rebates back from the purchases and it's spilt up on 9 levels. So the more malls give away and the more shopping you do yo earn more money.
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