EP54 Is it A Scam?

Is It a Scam???

Be careful, a lot investment schemes and even some scams are looking to get over over like a fat rat.  Investment schemes and scams are nothing new, as matter of fact, these things are always refreshed and updated for modern times.  Whether it’s Ivan Boesky, Madoff, some new unknown investment company promising real estate profits or a foray into Forex.  Ask questions, ask questions, ask questions   …and look for the tell tale signs.

 

-Miles.

Pyramid or MLM? Same Thing?

Pyramid or MLM? Same Thing?

Typical Diagram promoting MLM Networking
Typical Diagram promoting MLM Networking

“NOT” Hot New Ways to Make Money.

MLM’s Many are the same old shell game they’ve always been: PYRAMIDS.

You may have had a friend approach you and tell you about a great opportunity to make a ton of money.  They are all excited and want to pull you in, because you’re close friends right and that’s just what friends do.  They may give you some sketchy details, but just enough to keep your interest because after all, it is an opportunity to make money …extra money.  Although you probably have never seen the ever elusive “extra money” or “extra income” a day in your life, it’s promising and sounds good as always. They go even further and tell you to come to some meeting or seminar so you can get the rest of the details because they can’t tell you everything now, but you can find out the rest later …your B.S. radar antenna gets a bat signal and starts beeping.  Regardless of suspicion of the unknown you check it out, there is “extra income” involved in this. Well, maybe…

Here on this episode I look at some key identifiers for letting you know if your network marketing efforts are actually going to make you money, or are you locked into a recruitment mill and paying to be down.

Posters like this and negative sayings about having a job are typical in MLM Pyramid schemes
Posters like this and negative slogans about having a job are typical in MLM Pyramid schemes

-Miles.