Will you invest in a MLM scam in early stage? - page 10.

Fatanut

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Quote from: vrm86 on April 09, 2017, 12:45:12 PM

Considering referral schema, I'd rather go to the casino and bet everything on red than spend my life and sacrifice most of my relations to achieve some silly plans. What mostly repels me from MLM is the necessity of focusing not on the attractiveness of the stuff you are going to sell, like in normal business, but on convincing people that it's actually worth to overpay and/or join your network. I'm afraid, that from some point it is necessary to lie to people to reach your target.

That "some" point that you're talking about is right from the start. You're lying to them that you can earn that much from the company when in reality, only the guys that started the company can achieve such success. Some even create a video to show an example of an MLM member that have made fortune from it. But in reality, they had to lie and they had to destroy various relationships just to get at that point. If that's something that you're willing to sacrifice, then MLM might be for you.

Anyone who has common sense will ask "Then where's all these wealth that you're talking about?" to the person that are trying to scam them into joining an MLM network. I'm pretty sure 99% of the MLM member don't have the things that they are showing off.

vrm86

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Considering referral schema, I'd rather go to the casino and bet everything on red than spend my life and sacrifice most of my relations to achieve some silly plans. What mostly repels me from MLM is the necessity of focusing not on the attractiveness of the stuff you are going to sell, like in normal business, but on convincing people that it's actually worth to overpay and/or join your network. I'm afraid, that from some point it is necessary to lie to people to reach your target.

mellorbo

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Quote from: bra4our on April 09, 2017, 11:19:55 AM

Hell No, I believe in karma and certainly dont want it coming back and hurting me in the near future. When you refer someone money that they will lose will eventually be on your head, some will even invest their life savings and be in debt when it becomes apparent its scam and it will all because you knew it and yet because of a little profit referred them.

Apparently referring it is mostly optional in this kinds of scheme. So whenever if you join into something like this with the knowledge on the risk you are taking then better not invite someone. Even though I know that MLM is a risky investment but most of them aren't at the first then later became a scam. So i rather join in into it at the start then quit after the first withdrawal.

Yakamoto

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If I was to invest in something like an MLM scam then you can be sure has hell it would have to be at most days after ti started and I would maybe, at best, be involved for a week until I saw enough value in leaving and leave with what I can.

There's no way that I would ever come close to sticking something like that out to the end. I would have absolutely no shame in taking my money and running if the time was right and I would come out with at least a net zero change to what I went in with.

harizen

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Quote from: ethereumhunter on April 09, 2017, 08:40:25 AM

i think we don't have this chance as that MLM is scamming us in the early stage and we can not withdraw anything we invest. i think, for hyip programs, if the programs is start in less than 10 days, then there will be a chance for us to get our money back plus with the profit. but if we are join after 10 days or more, then be ready to get scamming because this is what i am learn in my past.

The duration of period depends on the output of the investors stats of the said MLM companies. So no specific time as even more than 10 days, a HYIP or any ponzi scheme can continously pay to make sure more investors will come and will eat the bait. Also it really depends on the owner when they will show their true color.

In most of the cases, if they see good output within a few days, they will continue to operate to gain more deposits. That's why they makeup some long term plan which as far as my knowledge concerned averaging from 30 days above before investors gained profits. But if ever while on operation and they reached a good amount that can consider as making them rich, obviously they will go out anytime.

It was also present in real world especially here in our country. Tired of explaining to them what is the output if they joined so I think the best thing to do is to make them feel what investing in MLM really does.

Rostadom

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Quote from: dihari on April 09, 2017, 08:33:47 AM

Whatever the schemes of mlm business that promise you high profits, as long as the ask you to find and collect referral, don't ever invest your money on it. If it's legit, they will find another good way to attract more people. But if you insist to invest in some mlm because you fall in love with their promise, make sure you join when they were just starting to safe your money back. Everyone knows, this kind of business will die sooner or later. And before their going to be scam, you've got your money back with the profit.

I don't think there's an assurance that you'll get your money back just because the MLM is new. There's even no assurance if you're going to ROI no matter how long or how short an MLM company has been running. The only way you'll get your money back is to refer people which basically means scamming them since the business itself is a scam.

If the MLM company is just new, it's quite harder to refer people since they don't know what company is it. It's easier to recruit if the company has been running for quite a decent amount of time and has a good reputation. On the other hand, if the guy you're talking to knows how this scheme works, then you can never recruit him.

bra4our

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Hell No, I believe in karma and certainly dont want it coming back and hurting me in the near future. When you refer someone money that they will lose will eventually be on your head, some will even invest their life savings and be in debt when it becomes apparent its scam and it will all because you knew it and yet because of a little profit referred them.

cryp24x

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Quote from: Nagadota on April 09, 2017, 09:55:26 AM

Referring people is bad.

It is not bad. It depends on the motives why you refer people. There are instances you refer people to those who can help them specially when they are looking for jobs. It is only a bad thing if the motive is to exploit them and get commission out of their investment.

Quote from: Nagadota on April 09, 2017, 09:55:26 AM

Investing in Ponzi schemes could be okay though, provided that you're comfortable with the fact that you'll be getting dirty money from bad people.

How can you say referring people is a bad thing and investing in Ponzi is ok. That seems contrasting. Ponzi scheme are proven to be bad if moral is to consider. This means we are to take profit at a cost of others lost.

Nagadota

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Referring people is bad. Investing in Ponzi schemes could be okay though, provided that you're comfortable with the fact that you'll be getting dirty money from bad people.

dearbesz1219

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Quote from: lordquanta on February 09, 2017, 03:35:35 AM

Here is a interesting, hypothetical situation. What will you do if there is a MLM scam going on and it is in early stage. It is assuring 10% monthly return in bitcoins (of course it has that referral bonus part as well but it is optional, you don't need referral as you are getting 10% on your investment.). B'cause of it's early stage, people are investing happily and getting returns monthly. In short equation of incoming source money > outgoing money. By looking at situation, let's say this scam/scheme will go on two more year. There are some people who rip benefits from these kind of scams/schemes as they invest very early and in large chunk.

Will you invest in such scheme well before it vanishes with bitcoins/money?

Yes, I was invested before in MLM company were ther marketing plan was design in referral program scheme, and recruitment base profit according to their marketing. And most of the time their system like that is never stand long last.

ethereumhunter

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Quote from: Oo ako to on April 09, 2017, 03:21:25 AM

I will invest but with a small amount. If i get my interest, I will withdraw everything. Just repeat that and remember that all of these bitcoin investment sites especially hyips will turn into scam before a month so might as well outsmart them.

i think we don't have this chance as that MLM is scamming us in the early stage and we can not withdraw anything we invest. i think, for hyip programs, if the programs is start in less than 10 days, then there will be a chance for us to get our money back plus with the profit. but if we are join after 10 days or more, then be ready to get scamming because this is what i am learn in my past.

dihari

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Whatever the schemes of mlm business that promise you high profits, as long as the ask you to find and collect referral, don't ever invest your money on it. If it's legit, they will find another good way to attract more people. But if you insist to invest in some mlm because you fall in love with their promise, make sure you join when they were just starting to safe your money back. Everyone knows, this kind of business will die sooner or later. And before their going to be scam, you've got your money back with the profit.

BeGoods

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Quote from: gribble on April 03, 2017, 11:55:30 PM

No, I will not make investments in a MLM scam website although I know it early stage
because making investments on there will makes bad habit even if i get profit will become addiction
for more investing because of in first stage i am safe. It is dangerous habit in investments.

True though you are on the future and make you secure. but using this method is not recommended because it will hurt people below you. many people say that MLM is a business by making others lose to your advantage

choppork

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Quote from: Harlot on April 08, 2017, 10:04:12 PM

Quote from: Carlsen on April 04, 2017, 11:11:29 AM

A scam is a scam, no matter in what stage!
I do not want to make money from the misfortune of other people, even when I know the only reason they participate is because they are greedy.
That would make me no better than them!

MLM companies are not a scam in the first place. They always make their things legal by always featuring their products which they will declare that it is their main priority than the recruiting fee it rewards to their up line. They can get away with it as they have a product that they are saying it is what they are selling. The only way the company fails is when there are no more recruits but the up lines are still earning money through their bonuses. Also MLM companies that disappear quickly are the ones who have failed to market their company therefore not having enough income to share to the investors.

That's just their way out of prison. You can't sew them because they are going to say that they are just simply selling their products and you get discounts when you join. When you join, you get a product and you get to earn bonus for every people that you recruit. I wonder if these companies even pay taxes, tbh. And even if they pay tax, they would probably just pay taxes for the product that they were selling. Let's face it, the products are nothing but a distraction and the heart of every MLM are the referrals and nothing else.

I actually think that MLMs that disappeared simply went to a different place. Some place where there's no MLM companies before, probably somewhere rural; probably at some province where they can persuade people easier since earning on those places is harder. Everyone wants quick money so they join MLMs thinking that they can earn anything at all.

DoublerHunter

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Quote from: Oo ako to on April 09, 2017, 03:21:25 AM

I will invest but with a small amount. If i get my interest, I will withdraw everything. Just repeat that and remember that all of these bitcoin investment sites especially hyips will turn into scam before a month so might as well outsmart them.

I also do that with the past investments sites that i get in and most of the them are hyips. I have a site which gives me different informations about the newly launched investment sites and i just go to that site and create an account and invest an average amount of money then i just recruit other people to make my earnings faster then i withdraw my capital and my earnings then ran off.

Oo ako to

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I will invest but with a small amount. If i get my interest, I will withdraw everything. Just repeat that and remember that all of these bitcoin investment sites especially hyips will turn into scam before a month so might as well outsmart them.

cpfreeplz

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Hahaha will I invest in a scam!? No! Never! That's riskier than investing in a legitimate business because you know it's a scam rather than you hope they do well. They will probably just scam everyone and not wait if they're brand new. Obviously. Omg what a dumb idea.

Quote from: ImHash on April 08, 2017, 10:31:50 PM

You should ask this instead: would you steal money from others or not with the risk of losing money yourself? and you need to realize one thing, do you want to earn money without working and without knowing where that money came from? I don't care if it's a MLM business or pyramid scheme/scam you must make sure what are you going to feed your family with, whether some people losing in order for you to earn or not.

There is a huge risk you'll be scammed because you know they're scammers!! It's 100% the exact ippo of no risk, but if you don't get scammed miraculously somehow then you just stole from someone else.

ImHash

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You should ask this instead: would you steal money from others or not with the risk of losing money yourself? and you need to realize one thing, do you want to earn money without working and without knowing where that money came from? I don't care if it's a MLM business or pyramid scheme/scam you must make sure what are you going to feed your family with, whether some people losing in order for you to earn or not.

LittleBitFunny

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Quote from: Harlot on April 08, 2017, 10:04:12 PM

Quote from: Carlsen on April 04, 2017, 11:11:29 AM

A scam is a scam, no matter in what stage!
I do not want to make money from the misfortune of other people, even when I know the only reason they participate is because they are greedy.
That would make me no better than them!

MLM companies are not a scam in the first place. They always make their things legal by always featuring their products which they will declare that it is their main priority than the recruiting fee it rewards to their up line. They can get away with it as they have a product that they are saying it is what they are selling. The only way the company fails is when there are no more recruits but the up lines are still earning money through their bonuses. Also MLM companies that disappear quickly are the ones who have failed to market their company therefore not having enough income to share to the investors.

People often confuse MLM with a Ponzi scheme though as the two have similar traits, so we might as well treat this thread as referring to a Ponzi scheme.

For me it's all about the ethics of investing in it. Sure, it's a risky investment, but those who put money in early can actually earn quite a lot sometimes, so all that really matters is whether you think it's moral.

On the one hand, there's the fact that all of your earnings will be from people who joined too late and most of them will have lost their money, which some people might be uncomfortable with. However, if you don't refer anyone and support the scheme in that way, it might still be morally acceptable to invest in the scheme because you aren't making more people invest in it yourself. I might consider it, but I much prefer legitimate investments just because of the fear of putting my money with someone who most likely intends to scam me.

Harlot

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Quote from: Carlsen on April 04, 2017, 11:11:29 AM

A scam is a scam, no matter in what stage!
I do not want to make money from the misfortune of other people, even when I know the only reason they participate is because they are greedy.
That would make me no better than them!

MLM companies are not a scam in the first place. They always make their things legal by always featuring their products which they will declare that it is their main priority than the recruiting fee it rewards to their up line. They can get away with it as they have a product that they are saying it is what they are selling. The only way the company fails is when there are no more recruits but the up lines are still earning money through their bonuses. Also MLM companies that disappear quickly are the ones who have failed to market their company therefore not having enough income to share to the investors.

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