- Personal Finance»
- Income & Making Money
Spotting Pyramid Schemes: Make Money Quick Scams
What They Say Is Almost Always The Same
So many people are into these pyramid schemes believing that they will make the big bucks, by doing nothing but recruiting people. It could be anyone, a neighbor, a random person on the street, or even naïve friends that think they'll get rich doing this. You don't have to be interviewed, background checked, or even hired. You Chose to pay to sign up for their products, although they won't tell you that at first. These people become aggressive towards recruiting you for a reason, they want to make money and use you. They will tell you the company is amazing, and just go on and on about it. They just got a free car from the company, and how they have all this money and its wonderful...This is pretty much the same story I have heard every time. I am aware of others hearing it too. As if saying this will get everyone to sign up, those who are naïve maybe, but don't believe these scams!
How Is It A Scam?
It's hard to believe something is a scam when there are technically people in the company that do make money, but these people are very very high up and are only earning money from tricking people into paying the company to try to succeed in the pyramid business of at home make money quick schemes. They may be a company for skincare, make up, supplements, drinks, or anything similar. It is usually one company or product. Many times there is a sign up fee of 200-500 dollars, but the recruiter will tell you it pays for itself once you sell enough products. What they don't tell you is that you will probably quit far before that and that the only reason they are trying to get you to join is so they get money by recruiting you. These companies convince others that the way you can make money is recruit as many people as you can, and anything they make from selling you will get profit from. However, recruiting people doesn't automatically make you money if they do nothing and quit. All of these companies will even tell you they aren't one of these MLM or pyramid schemes even when knowingly, they are.
Signs Its A Pyramid Scheme
1.) They Go For Single Moms, or Stay At Home Parents: These are the easiest people to go for because they constantly need to find extra income. Easy target right?
2.) They say all you need to do is get people to sign up and you'll become rich and get a brand new car just like them. You're income is based on how many people you can recruit (always)
3.) They go on an obsessive rant about how great the company is and what it's done for them.
4.) They often say they want to "help" you and by help, they mean attempt to use you to make money that they probably won't make.
5.) They don't quit bugging you like a cold caller, trying to get that sale or recruit.
Has anyone tried getting you into these pyramid scheme at home jobs?
Avoid these at all costs
Even if this person is a friend or neighbor, they have fallen into the trap of scams. People can get obsessive about getting others to join in. Try to avoid these people at all costs, and definitely tell them you are not interested. Most of the time, they will keep trying and even tell you its not "selling". If something is too good to be to true, it probably is.