What do you all think of these type things? I'm currently a part of a great web-based one [Pm me if interested]. Im just curious if anyone has some good/bad experiences with this type of scheme.

I've been approached by a couple, but I never joined. I don't mind doing work, it is all the recruitment that I don't like. I'm just not that good of a salesman.

I was thinking of starting one, I'll send you an informational package for 100, you learn how to sell these informational packages by reading the package, then you become a "power buyer" and buy 4 packages for 100$ then you sell your friends the package for 100$ and I keep 60$ from each package, and you just made 60$ yourself from that last sell, once you sell your friends a total of 16 packages you'll have made all of your money back and then some! It's brilliant and there really isn't any product, just these informational packages on how to sell the packages.

Honestly I worked for a telecom company and they had a MLM thing set up. I had to write some of the computing code. We had this one guy who had been in it from about the start and he was making an ass load of money. He had so many people under him, that he was only getting pennies from some of their profit, but there were so many in his lineage he was making close to 80 grand a month.

Im currently in the middle of an online MLM scheme, and it is pretty sweet. They pay you 1% of your account level [user upgradeable] So if you had 1k in your account, in one year, youd make a 365% return, or 3650 dollars. Doesnt sound like much, but you only have to actually work for about 30 seconds.

Go to www.ripoffreport.com

See if it's listed there and if people have anything negative to say about it.....

You may think you are making money with such schemes, but you are really only charging it to your integrity card.

^sorry but i cant find anything other than websearches on that website?

I've been involved with several web based ones, and in theory they seem great, especially with a lucrative product and the idea of "leveraged income," however the crowd that these types of companies attract is not the type of crowd suited to business. You'll find alot of corruption, deceit, and misleading from alot of these people who claim more than they make. They're a good concept, but most of them go belly up in the end.

I work in Real Estate now, and it's been going good for several years already. I'd never even consider going back to MLM.

I can not believe you guys actually think this is an ethical/moral way to make money! These MLM schemes only screw the greedy/last layers. The big bucks all go to only a few. THINK about it!

You may think you are making money with such schemes, but you are really only charging it to your integrity card.

Absolutely true, Doc, and pyramid schemes are simply illegal--the FTC goes after them when they can find them, and I understand that those in the middle of the pyramid can be prosecuted, not just the guys at the top (who, after all, have probably skipped town already).

I'm involved in a pyramid scheme too. 6.2% of my paycheck gets taken for it. My employer also pays the same amount separately. The promise is that I can claim varying degrees of annuity payments once I reach a certain age or also if I become permanently disabled before that age. My current payments are used to fund annuity payments to others who came before me. New people will be funding my payments when I qualify. You can learn all about it at www.ssa.gov

There seems to be a rash of them creeping up lately. A couple of my friends have joined them and are on the hunt for "fresh meat". One friend was saying that his co-worker was making a killing and was going to start doing it full time. The other friend told me that he knows someone who is doing it full time and is rich!

I smell BS!

One of these guys has bugged all of his graduating year schoolmates. The funny thing is that he never kept in touch with any of them until now. Needless to say that he is not too popular right now.

I believe in making money the old fashioned way, you work you get paid for it. I don't believe in "invest" some money so that you can skim the top off of some other poor sucker's "investment".

You may think you are making money with such schemes, but you are really only charging it to your integrity card.

LOL -- that's a great way to put it! Same concept as karma, but without the "mystical" overtones. :cool:

^sorry but i cant find anything other than websearches on that website?

Try it again...

http://www.ripoffreport.com/

Also check www.bbb.com

I've been involved in 2 MLM schemes in my younger days. Both times, I lost money because I just couldn't bring myself to sell questionable goods at inflated prices - nor could I bring myself to recruit friends and family to sell those products for me. But at least many years ago, there were actually products. Today, they don't even sell a product - they're just scams.