The registration fee is $100 and you will get a free web hosted for life. The catch here is not the free web hosting, but the network that you'll build. If you recruit 5 members to do the same thing as you, you will get $20 for each of them. That's not all, for each of the following new recruits under the first 5 members that you've recruited, you will get $9 for each of them. That means you will get 5 (your recruits) x 25 (your recruits' recruits) x $9 = $1125. Your $100 is already returned plus you will profit from the recruitments under your network in the long run. You will get $9 for every member recruited at subsequent levels as long as they are based under your first 5 members' networks. If you have 7 members direct under you, you'd get a dividend from 13% of the total income of all the networks of the company. Registration is the least of hassles, you can do it online or through cell texts, without filling in forms and such. Would you do this part-time business?
2007-03-20 18:38:37 · 7 answers · asked by Anonymous in Business & Finance ➔ Investing
Pyramid scams do not feature products or services. Besides, your profit will be updated 1 week from your sales, which means if you closed a new recruit everyday, your bank account will be updated everyday the next week onwards.
2007-03-20 18:44:58 · update #1
By the way, the business is 6 weeks old. It only has 10,000 members now. If it's really a pyramid scheme, wouldn't I be one of those on top?
2007-03-20 18:47:22 · update #2
You don't have to pay anything else other than $100. There is no maintenance fees whatsoever.
2007-03-20 18:49:20 · update #3
Amway's into web hosting?
Stay away from pyramid schemes. (except social security, of course)
2007-03-20 18:42:00 · answer #1 · answered by wigginsray 7 · 1⤊ 0⤋
No I wouldn't join , what if the product completely sucks? Which it probably does, what are you going to sell? You would basically be scamming other people who are just looking to make some extra money or people who really wanted the product.
I don't like pyramids, the only people who make good money are the ones on the VERY top the rest are just victims!
There are plenty of other legitimate ways to make money online and still allow you to feel good about yourself and SLEEP at night! Try some affiliate programs from legit companies.
Good Luck!
2007-03-22 04:14:23 · answer #2 · answered by Jenifer B 2 · 0⤊ 0⤋
Sounds great on paper, but if you can't find those 5 recruits what happens then. It sounds like an internet ladder scheme, the ones on top always make the money, the ones on the bottom are always trying to do the recruiting.
Good luck, but beware, sounds like a ladder scheme to me.
2007-03-20 18:43:30 · answer #3 · answered by kaliroadrager 5 · 1⤊ 0⤋
Its a Pyramid scam - Nobody is doing anything to make any business but selling memberships to each other.
2007-03-20 19:14:06 · answer #4 · answered by Anonymous · 2⤊ 0⤋
Your classic pyramid scheme: old as Pharaoh. Don't bite.
2007-03-20 18:43:38 · answer #5 · answered by LELAND 4 · 0⤊ 0⤋
Can we say Pyramid scam?
2007-03-20 18:41:54 · answer #6 · answered by Anonymous · 0⤊ 0⤋
This is MLM..
Chris
www.forexaim.com
2007-03-21 04:59:18 · answer #7 · answered by Anonymous · 0⤊ 0⤋