Wednesday, January 28, 2009

Rule No:6- Be Aware of Pyramid Schemes and Chain Letters

The question to ask when deciding on whether a particular "business opportunity" is a pyramid scheme or a chain letter would be:
Does the business opportunity offer a legitimate product or service?

Very often, Scam Businesses will harp and scream about how easy and how "logical"
the system is in putting oodles of money in your pocket.

After cutting away all the fluff. It will boil down to this rationale- You pay your upline some cash and then your downline pays you some cash and your downline will get paid from their downline and on and on it goes.
Hang on a second- where is the product or service?

This my friend is a pyramid scheme/chain letter and in my opinion has the smell of
a scam home based business

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