The one where you send $1 cash and photocopy the mailing list with yourself added to the list. In time a lot of dollars make it to you. Tell me about your experience with this. You would also spend a little on mail-outs though.
2007-03-09 12:34:41 · 6 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
I did something like that once. I got my investment back that was all. There isn't any control, it isn't necessary to send the dollar just make a new list with yourself on top.
There isn't a product except to build a list of suckers.
2007-03-09 12:39:11 · answer #1 · answered by Anonymous · 0⤊ 2⤋
I did this years ago when I was trying to figure a way to make money in mail order. I think it was a list of ten people, and encouraged the reader to send $1 to the ten people on the list, then drop the bottom one (I think), add theirs and mail out hundreds or thousands of these letters.
I received a few dollars a day for about 10 days, then an occasional dollar for another few months. That was it.
This is an old scam - officially called a chain letter. It is ILLEGAL. IF (and that's a big if) you were to be successful with this (which never works), the postal sertvice would shut you down quickly, probably before you broke even. Then they would either warn you or prosecute you. All federal crimes are felonies.
Remember, if it sounds too good to be true, it is!
I would not recommend doing an illegal activity, such as a chain letter or pyramid scheme (also illegal). You're likely to not only not make a lot of money, but also end up in jail or prison.
BTW, what I learned is that the only people who make money in mail order are the people who sell information on how to make money in mail order! And that was all before the internet!
2007-03-10 00:51:12 · answer #2 · answered by jimmyjohn 4 · 0⤊ 0⤋
It's been a felony since 1935.
Google the names Dave Rhodes and Karen Liddell to see some examples of how bad it can get.
And read the thesis paper "Chain Letter Evolution" to get some more insight. The bibiliography covers the events in the 1930s that resulted in that felony status quite well.
2007-03-10 00:50:32 · answer #3 · answered by Wolfman 4 · 0⤊ 0⤋
I got that letter couple days ago and it was a 2 page letter explaining it how it works. I didn't do it because it's stupid and a waste of money and there is no proof that anyone has earn thousands of dollars. Plus, I have to pay 39 cent postage stamps! And I ask myself, "Why would I give $1 to someone I don't know?"
2007-03-09 20:54:40 · answer #4 · answered by Anonymous · 2⤊ 0⤋
If you make money off of a chain letter, that just means you know a lot of slow people.
2007-03-09 20:46:56 · answer #5 · answered by Red 2 · 1⤊ 0⤋
personally I hate those things
2007-03-09 20:42:51 · answer #6 · answered by shorty 6 · 2⤊ 0⤋