Bitcoin and Network Marketing Companies - page 2.

RealBitcoin

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JAYCE DESIGNS - http://bit.ly/1tmgIwK

Quote from: traderMax on January 07, 2017, 06:38:37 PM

Anyone who sees Bitcoin's popularity wants to make a profit from it. Network marketing is one of the sectors that wants to get this pastry share in the systems. Is it good to use bitcoin (crypto currency) by network marketing companies? How does this affect people's perspective on bitcoin?

I dont think so, so far most of these marketing companies have been all ponzi scehemes.

Like how you get 50% comision from referals signing up people to marketing schemes. Heck, most likely those are all ponzis, or matrix schemes, which are both scams.

They are also these Direct Selling companies:
https://en.wikipedia.org/wiki/Direct_selling

Which are just MLM scams, you buy the product from them, and you can sell it, so you are losing money.

They are all scams. Stay away.

traderMax

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There are many MLM companies in the market that use CryptoCurrency. There are a lot of ponzi systems that use CryptoCurrency. MLM companies or ponzi systems will be the tool for people to hear the name of bitcoin. Even if people lose their money in ponzi systems, they will at least hear the name bitcoin. Also, since MLM systems are spreading very quickly, the cryptocurrency will have reached too many people.
I think it will be very important in terms of bitcoin awareness within the next 5 years.

iamTom123

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Basically, there is nothing wrong with using MLM as a distribution or marketing vehicle for any Bitcoin related opportunity. Maybe the problem may crop up if there is something wrong with the opportunity or it if is actually designed or became another scam and just using the legitimacy of Bitcoin to prop up its own image. We should always remember that just like franchising, MLM should not be equated with being good or bad because it is just a business system.

Digitalbitcoin

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Quote from: traderMax on January 07, 2017, 06:38:37 PM

Anyone who sees Bitcoin's popularity wants to make a profit from it. Network marketing is one of the sectors that wants to get this pastry share in the systems. Is it good to use bitcoin (crypto currency) by network marketing companies? How does this affect people's perspective on bitcoin?

Already many network marketing companies are using Bitcoin as payment as well as investment platform. But many of them are ponzi and just only MLM. Even few altcoin have used network marketing strategy for altcoin distribution.

But the loophole is people have to learn how to use Bitcoin. Many of Networker tries to educate their downline with new things but Bitcoin is still very new to common person to believe.

But if applied successfully then there will be more exponential increase in price of Bitcoin.

pinoycash

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theres alot of companies that already shift from Paypal to bitcoins, due to paypal TOS changes and strict rules for MLM companies. almost all recently launch online network marketing companies takes bitcoins as a mode of payment for their products and membership fees

Pursuer

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Where is my ring of blades...

network marketing if done right can be a good thing but usually what we see in action is either a spam marketing or very low payments and lots of fraud by the company that is hiring people to do the marketing. but if there can be a good service that pays a good amount and also keeps the quality up, I think it can be a good addition to the list of bitcoin services.
and since there has been none that works with bitcoin to my knowledge, being the only one can be a big benefit.

Xester

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Network marketing is a nice idea. Actually my friends and other residents in our province has known bitcoin through this networking using bitcoins as payment. If not because of this networking schemes bitcoin could not spread in my country very fast. If there will be more networking companies that will use bitcoin as mode of payment then surely bitcoin will be known worldwide.

pooya87

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network marketing is just another business that people can take part in and get paid for the part-time job they do online, so yeah it can benefit from using bitcoin a lot because the payment is easy and can be done right away with small fee compared to fiat payment that the company has to either wait a long time and pay in bulk and pay large amount of fee.

traderMax

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Anyone who sees Bitcoin's popularity wants to make a profit from it. Network marketing is one of the sectors that wants to get this pastry share in the systems. Is it good to use bitcoin (crypto currency) by network marketing companies? How does this affect people's perspective on bitcoin?

Topic: Bitcoin and Network Marketing Companies - page 2. (Read 2773 times)