The classical pyramid or ponzi scam consists in getting people to hand over their money to you with the promise of big interest in short time, for example:
Hand me 50,000.00 pesos and in 1 month time and every month after that I will give you 10,000.00 pesos for as long as you let me keep your initial 50,000.00 pesos.
That is what for my two cents worth is called the pyramid or ponzi scam.
It works like this, you get one person to hand over to you 50,000.00 pesos, and in 1 month time you give him 10,000.00, and you keep 40,000.00 pesos.
This person got so happy he convinces others to do likewise, namely, his family members and his friends.
Now you have several people after several months who have handed over to you 50,000.00 pesos each.
Every month you give back to each of these persons 10,000.00 pesos, but you continue to get new clients to put more 50,000.00 pesos each in your hands.
Then one day you run away while you still have a lot of money with yourself from all those people who delivered each 50,000.00 pesos and each one still expecting to get 10,000.00 pesos every month, and now they don’t because you have run away.
that is the classical pyramid or ponzi scam, just my two cents.
Direct Selling/Network Marketing Industry has produced more millionaires than any other industry. It is actually the most patient business wherein the Company is patient with its distributors until it learns the business skills needed for it to grow. What’s also good with this industry is it does not only teaches business skills, but it also teaches life skills which is essential in the growth of an individual and is also developed by every successful person. As James Roberti, a well known Network Marketer in the United States, said “Its a personal development disguised in a business”.
But despite of the great business model, Why does a lot of people fail in this industry? From my point of view is that, First, is lack of knowledge and skills needed in the modern market and economy. Second, a lot of people treat this business as a hobby and does not take it seriously. Third, A lot of personal pride because a change or shift in their mindset takes them out of their comfort zone which makes them feel uncomfortable.
Now you may be asking how to be successful in this business? Let me share this quote from Tim Erway, a well known copywriter/Network Marketer: ” Find someone who`s got what they want, do what they do, and get what you wanted.
With your knowledge and skills, you can really help a lot of people improve lives. God bless in your business. =)
Drop me a message if you want to know full details about Jeunesse global business and the science behind every product we have.
Facebook: Wilmer Ray Ayao
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