This video is fake. You can technically do this forever because every year there is a new wave of 18 year olds looking for a job. And you won’t have to be doing the leg work once you hire a few. How about a company that has products that make you money without ever having to recruit. HmU!
Well every person has to invite more than one person for this to work and After like 5-8 levels..it gets crazy and soon they will need enough for a country or even half the population and then maybe above this..this strat won’t work forever
@@ianlee4850 i was doing this thing were me and my friends were selling mini air heads because i got 50 dollars from my grandpa so i bought a whole bunch ( a huge bundle) at Walmart. i got tired of eating them so i started selling them, i got my friends involved and we started to recruit people to help sell but those people also started to get their freinds on it and we were making a "HUGE" profit but scince we didint give permision to get these people in on it. we never gave them the percentage we said we would because they didint know us all that well and 2 of them we didn't like.
That was a very succinct explanation. I've been trying to figure out how a pyramid scheme for a long time, and this helped me understand it really easily.
First heard about pyramid schemes in the early 90s when someone tried to recruit my dad into one...luckily my dad's a smart fella, knew exactly what was going on and politely declined...
@@0nly.bhadbby40 not everyone is making profit? Did u watch the video. Level 2 made no money, level 3 lost money. If there was another level, the second level would make a profit. But not the people at the bottom near the bottom
My friend. He tried to tell me about this business thing hes in. He told me about it and it sounded like a pyramid scheme. I said "is this a pyramid scheme?" Even though I didn't even know what that was other than it involves a bunch of recruiting people. So he told me he invested 75$ to start in this so called business. And I could do the same. And that to make money I needed to recruit a line of people. He said this WORD FOR WORD, "look you have a friend named eli, if you recruit your friend eli then hes has to have a couple of friend he can recruit. So if your friend eli recruits 4 people then those people become your recruit" And I asked "what are we selling?" Cause he did say we sell straight to the consumer. His response was "we are not in the selling business, we reccomand" so then I said "so we just get paid to promote?" And he said no" and I was like "what the fuck are you talking about then?" And that you rank up like "gold,platinum, silver" each level you would get paid more. But I was so confused I didn't even bother. This video is making me think it was a pyramid scheme.
lol my friend try to get me join one in Canada yesterday. I made my research and politely said no but then my supposed friend got BIG MAD starting to threaten me, my family callin me a bitch,etc.. his reactions is just another obvious red flag! what fucking legit business on earth is gonna suck yo dick to join them anyway🤔🤔 because i didnt join and he didn’t recruit me, he had not made the $500 promised and thats why he got mad. and in these pyramids scheme you pay a fee of $1499 to get in and $149 every month for the gold pack at least this one works like this, so even tho he told me he already made profit which is impossible cause hes been in this shitt for 3days only and the paycheck come in per months, he’s probably in debt and never will see his money again😭😭🤣🤦🏻♂️
My crush from 6th grade outta nowhere dmed me after 7 years of no connection. I felt hella hyped...yet....it ended up she is only trying to get me into her pyramid scheme...I feel backstabbed 🤣🤣
Have always been fascinated with maths and statistics, one time when I was 12 I had come up with an idea to make loads money people who invest would only ever lose a tiny amount. That essentially doesn’t matter. I explained my idea to my parents and wanted them t9 help me get it started. That’s when I discovered I made a pyramid scheme 😑
@@GentlemanlyOtter I was referencing his old profile pic, it's no longer relevant because he's changed it since though, rip. It means OriginalBrawler it's a term in the brawl stars community that's their way of using the "OG" term
Very simply explained to the gullible people out there. I was approached 30 years ago by someone I hadn't seen since school. Even then I realised it wasn't going to work for me but he was desperate to re-coupe money he was losing but i said no.. I used to think he was more intelligent than me at school lol.
Best explanation I’ve found on UA-cam, funnily enough I looked up the definition of a pyramid scheme on Wikipedia and thought of this exact example you said here.
Ha! I paid a company called bhip 13 euros yesterday so that they would let me enter their zoom "training meeting". I had already had a doubt that it was a pyramid scheme but I had like 2% doubt that the company could be legit. After 3 hours of them introducing us to new member who "MADE THOUSANDS OF DOLLARS" and never really telling anything about the actual sales strategy, I'm now 100% sure it's a pyramid scheme. What grinds my gears, though, is that the chat in zoom was disabled, the microphones and cameras were disabled, and none of the "trainees" could see anyone else. For all I know, I could've been the only one in the meeting. I couldn't even ask or say anything or participate in any way! I guess I'll never get my 13 euros back lol.
The total amount was $600 and the top guy had $400 then definitely the middle members had their $100 back.....so will the bottom members will gain back their money back.... if they keep on to sign more people..... But of all the Top guy will be the one to gain much lol
@@dantheman3850 MLM are Pyramid Schemes. You dont make money on a product. You can make very little below minimum wage(peanuts or nothing what so ever). You can only make money there by recruting people. Not to mention, that amount of people on earth is limited so eventually you run out of people or they going to leave. Chances of success in MLM are only 1-2%.
Maciej Janisławski You don’t seem to understand Herbalife’s business model. I’ve seen other MLM’s and theirs are really sketchy, but Herbalife’s fine. Of course you make most of your money by recruiting, that’s what makes it an MLM. However, if you knew about Herbalife you’d know that you don’t get your royalties check (5% money from your downline, once they’re supervisors, directly payed by Herbalife and not your downline), if you sell (not buy) 2500VP to your personal customers every month. In other words, you don’t get your downline money if you don’t personally sell, avoiding being a Pyramid Scheme. (Edit:of course that’s just one of many ways it’s not a Pyramid Scheme; if you are curious in what other ways Herbalife is a legitimate MLM, just ask me and I’ll gladly share my opinion.)
That is exactly how it works, also works with selling products from the top all way to the bottom. Where the level 1 will sell it for the cheapest and then the next person would sell it to someone for an extra 20% interest the same again with another 20% more interest. but from then on no one will be interested in buying it because it's too expensive. Therefore the bottom level have lost their investment and profit.
I kind of do this already as I find cheap products on Amazon, advertise them on eBay and sell them for a profit. The person buying is at the bottom, the person at the top is probably somewhere like Alibaba or some Chinese factory.
Don't know y people can't understand this pyramid scheme is different from binary concept of direct selling 🤣🤣 saying direct selling is illegal without knowing the gov norms 😂 #Awesome explanation for pyramid scheme 😍💥
If the 3rd level recruits other people, will the 2nd level (the one who recruited the 3rd) make a commission too? Or just the 3rd level and the 1st level make the money?
Kinda sounds like Mary Kay. I was almost recruited, and then was told I had to pay to work for them and buy all of the products, If they didn't sell I would have had 500$ of crappy makeup. No way!
I had the same situation. Had to pay money to sell his products, and he would help with making my website. I didn't at the end, because it sounded sketchy.
Some lady was trying to recruit me. What got my attention was that she kept insisting, and told me words like “You have a lot of potential,” and all positive things to convince me. I ended up blocking her. 😅
Please do a video explaining the difference between a pyramid SCHEME and pyramid or network marketing. Many people do not understand that the two things are NOT the same. They both have ELEMENTS of one another but differences in administration, distribution, product or service vs no product or service, value down close to equity of value up, etc. So many people are scared off from Network marketing due to the misconceptions surrounding it's structural similarities.
Actually they're scared off of MLM because they read a few "Annual Income Disclosure Statements" published by many MLMs themselves which typically indicate 85+% of reps make $0 in commissions and actually lose money.....thereby becoming clients.
John D because people are quitters want results in 3 days. Success takes years of failure but you wouldn’t know that because you still are in the most common pyramid. Called the corporate pyramid! Why do you break down that one. Hahaha
They are very where they talk to you like you just found a new friend but in the end they stard talking about retired at age 40 and ah shit here we go agian
Yes it’s exactly the same thing. Pyramid scheme is the informal term and MLM is the formal term. Well known examples of MLM companies (aka Pyramid Schemes) are Quixtar(Amway), Vector Marketing (Cutco), Herbalife, and Kirby Home Care. If you get suckered into one of their presentations walk right out. I’ve had 5 attempts (3 by Quixtar, 1 by Vector, and 1 by Kirby) of people try to recruit me into these stupid companies throughout HS and college and always had a feeling that something wasn’t right. So I never joined. One summer during college I thought about getting a job to make some cash. So I looked in the newspaper for job openings. They will do things like place a vague ad like “looking for people for carpet cleaning business”. So here I thought they were looking for a guy to join a team that goes around in a van with two or three guys with a steam cleaner and clean carpets at homes and businesses. No. It was a presentation of the Kirby vacuum cleaner and how to become a sucker in the scheme. I remember 10 mins in I walked out with this other guy who thought the exact same thing as me.
iamOAKland yes but than more people are just gonna lose out unless the cycle continues. Once you run out of people to sign up, than everyone there is asses out
@@sashagayepowell2655 If the top guy backs out then it's not a guarantee that the new top guy will back out but, if he does back out then there will be an even less chance of the next guy backing out. It's all dependent on chance. In theory, yes it could be infinite if the ONE SINGLE GUY who backed out joins again which is HIGHLY UNLIKELY.
Now im just curious….say I joined one of these and then realized it was a scheme and decided to screw over the leader by keeping the product (whatever we’re selling) and not paying for it, therefore screwing them out of the momey they ripped me off?
Thank you. I literally signed up for it but it always just felt so off and I’ve been so skeptical. Now I know there’s a name for it so I can research efficiently now 😂
Question…couldn’t the top one just rejoin and be recruited again and only give a portion of what he gain…someone was explaining something similar about giving and getting but I have to recruit and that they had ppl already on call to recruit cause they did it already ?
Directors do a character analysis on their men and essentially get the the most emotionally responsive individuals law enforcement then keep forwarding them to one person then apply pressure to do more. This causes a pattern of wrongdoing. They pick their worst. A public enquiry into the selection process is needed.
this reminds me of a pyramid scheme that is based in Dubai. They would do the same here but instead of rewarding people with money they had their own "Crypto currency" which was basically useless. they would get away with this by just claiming that the crypto currency has plans to make it available to withdraw the money into any other currency but that will never happen. luckily for my family that they flied us over to dubai for a week, we didnt buy into it and in return we got a very cheap holiday.
I mean like if only half of the recruitment money goes to the top, being a higher rank means you still profit as long as you recruit more than 2 people lmao
The Philippines is bombarded with MLM or Networking or Pyramid Scheme companies that are not strictly regulated for as long as a company has business permit. Even the products are not regulated as long as "No Approved Therapeutic Claims" are put on the labels.
Reminds me of real life. Like why do people keep going back to fast food chains. People dont think that's a Pyramid but it is. The corporate people or on top of the Pyramid.
No, because everyone always gets the same amount of money per amount of time you have to work to get that money. It doesn’t slowly start getting smaller and you don’t need to make an investment to join.
I have a beeter piramid scheme idea you are to pay certain money and 50 percent will go to initial recruter and other 50 percent will be evenly split with members of upper level so lower member will continue to join thinking they just need to recruit 2 in order to be even
Have you heard of Tenacity? I’ve been approached over and over and over by someone trying to get me to join. Just not sure if it’s legit or if anyone has had any success with them.
Was this a pyramid scheme? So I 7th grade, I started selling some candy just for profit. Overtime I recruited some people and one of my friends. One day, I told my employees if were to be a great idea if we started an organization, I promised that at the start, we would all have set wages, in which we all just got 5 dollars and the rest is the ones I got and I would just invest that money into this so I would also only be left with 5 dollars at first. I also promised them that our wages would increase based on what group does really well than the others in selling the snacks. I would be the founder, responsible for making decisions for this business, my friend would be the co-leader, the other employees would be managers of different groups, but before that happens, they would need atleast 1 seller for each group to start this business. They recruited some random people, in which I put them on the waiting list so I could afford them in the future. In order so the managers don't get really stressed out about recruiting more and more and recording their conducts, and supplying all of them, etc I set the limit of how many sellers there could be in a group to 3 and added a new role called the suppliers, I also split the groups in half to sell different snacks, like group a, b, and c are responsible for candy while d, e, f are responsible for the chips. I put some people from the waiting list to be the first few suppliers, as I said, I invested most of the money to this thing so I would lend the suppliers some money for the needed supply of their group. Business was doing well then I eventually started the organization in which I called it the S.S.U. was this thing a pyramid scheme?
What he explained is/isn't a pyramid scheme. the reason why is that there was no talk about a product being sold. in a way, this is an MLM(Multi-Level Marketing). Agents who are in an MLM structure HAVE to get licensed by the state but in a pyramid scheme(which is illegal) cannot get a state license.
Only thing I don't understand is why are the people motivated to pay the initiator money if they don't have profit at all? Why would you want to pay a 100 dollars for nothing in return or risk not getting them back?
This explained more than a 20 min school talk, thanks alot.
This video is fake. You can technically do this forever because every year there is a new wave of 18 year olds looking for a job. And you won’t have to be doing the leg work once you hire a few. How about a company that has products that make you money without ever having to recruit. HmU!
Well every person has to invite more than one person for this to work and After like 5-8 levels..it gets crazy and soon they will need enough for a country or even half the population and then maybe above this..this strat won’t work forever
Quick question. What do you have against light bulbs?
@Random movie clips with my favourite songs worry about your flop yt channel
@@partycall34 in theory yes, everything work in theory lol
Best explanation
Aba H this is how people is making money... Bruh..
i think i started a pyramid scheme in 4th grade
How? This sounds interesting.
@@ianlee4850 i was doing this thing were me and my friends were selling mini air heads because i got 50 dollars from my grandpa so i bought a whole bunch ( a huge bundle) at Walmart. i got tired of eating them so i started selling them, i got my friends involved and we started to recruit people to help sell but those people also started to get their freinds on it and we were making a "HUGE" profit but scince we didint give permision to get these people in on it. we never gave them the percentage we said we would because they didint know us all that well and 2 of them we didn't like.
Jec Films wow
@@JecFilms15 damn.
Air head pyramid scheme
Me trying to understand how my entire Instagram is getting scammed currently
“Mandala Circles” “bloom circles”
That was a very succinct explanation. I've been trying to figure out how a pyramid scheme for a long time, and this helped me understand it really easily.
First heard about pyramid schemes in the early 90s when someone tried to recruit my dad into one...luckily my dad's a smart fella, knew exactly what was going on and politely declined...
But do u think it’s a bad thing bc everyone making profit
@@0nly.bhadbby40 not everyone is making profit? Did u watch the video. Level 2 made no money, level 3 lost money. If there was another level, the second level would make a profit. But not the people at the bottom near the bottom
I got recruited back in the 80’s, it was called: “le circle d’or”
@@0nly.bhadbby40
You’re way off my friend almost no one is making profit compared to a job at McDonald’s where you’re getting paid for your time
@@lykaojalao2733 :o glad you recovered from that
My friend. He tried to tell me about this business thing hes in. He told me about it and it sounded like a pyramid scheme. I said "is this a pyramid scheme?" Even though I didn't even know what that was other than it involves a bunch of recruiting people. So he told me he invested 75$ to start in this so called business. And I could do the same. And that to make money I needed to recruit a line of people. He said this WORD FOR WORD, "look you have a friend named eli, if you recruit your friend eli then hes has to have a couple of friend he can recruit. So if your friend eli recruits 4 people then those people become your recruit" And I asked "what are we selling?" Cause he did say we sell straight to the consumer. His response was "we are not in the selling business, we reccomand" so then I said "so we just get paid to promote?" And he said no" and I was like "what the fuck are you talking about then?" And that you rank up like "gold,platinum, silver" each level you would get paid more. But I was so confused I didn't even bother. This video is making me think it was a pyramid scheme.
What a shitty friend trying to screw you over
Of course. You're godamm right
lol my friend try to get me join one in Canada yesterday. I made my research and politely said no but then my supposed friend got BIG MAD starting to threaten me, my family callin me a bitch,etc.. his reactions is just another obvious red flag! what fucking legit business on earth is gonna suck yo dick to join them anyway🤔🤔 because i didnt join and he didn’t recruit me, he had not made the $500 promised and thats why he got mad. and in these pyramids scheme you pay a fee of $1499 to get in and $149 every month for the gold pack at least this one works like this, so even tho he told me he already made profit which is impossible cause hes been in this shitt for 3days only and the paycheck come in per months, he’s probably in debt and never will see his money again😭😭🤣🤦🏻♂️
Yeah if there’s nothing to even sell?
@@rombed8312 he was never your friend if he treats u like that
My crush from 6th grade outta nowhere dmed me after 7 years of no connection. I felt hella hyped...yet....it ended up she is only trying to get me into her pyramid scheme...I feel backstabbed 🤣🤣
Damn...similar experience 🤣🤣
Teach how to recognize and deal with this to students in school.
Or use your own brain?
Anytime you're a girl and another girl messages you on instagram saying "heyyyy girl!" Its a pyramid scheme.
Yeah show young, easily brainwashed and mostly broke students how to create a scam to gain quick money
@@randomstranger5 shut up
maiju “use your own brain”. Are you an actual idiot? People gather knowledge from being taught.
Have always been fascinated with maths and statistics, one time when I was 12 I had come up with an idea to make loads money people who invest would only ever lose a tiny amount. That essentially doesn’t matter. I explained my idea to my parents and wanted them t9 help me get it started. That’s when I discovered I made a pyramid scheme 😑
Funny story... also, nice profile pic. You're an OB
@@afox1689 What is an OB?
@@GentlemanlyOtter I was referencing his old profile pic, it's no longer relevant because he's changed it since though, rip.
It means OriginalBrawler it's a term in the brawl stars community that's their way of using the "OG" term
@@afox1689 what was his pfp tho
@@Nonamelol. to be honest I don't really remember but I bet it was some ancient screenshot
I hear “high school pyramid scheme” jokes a lot and I thought it meant making a human pyramid before this day
thank you for that explanation it was simple and easy to understand
Very simply explained to the gullible people out there. I was approached 30 years ago by someone I hadn't seen since school. Even then I realised it wasn't going to work for me but he was desperate to re-coupe money he was losing but i said no.. I used to think he was more intelligent than me at school lol.
Way better explanation than TED-Ed
I have been looking for ages and nothing explained it well enough, but this explains it in like 2 minutes
This was so easy to understand and straight to the point, thankssss
Best explanation I’ve found on UA-cam, funnily enough I looked up the definition of a pyramid scheme on Wikipedia and thought of this exact example you said here.
The problem with this is even the person at level one got recruited.
He wasn’t recruited, he’s the fucker who started the whole thing and is laughing his way to the bank.
How did you came to the conclusion that he was recruited? Lol
That makes no sense
Ha! I paid a company called bhip 13 euros yesterday so that they would let me enter their zoom "training meeting". I had already had a doubt that it was a pyramid scheme but I had like 2% doubt that the company could be legit. After 3 hours of them introducing us to new member who "MADE THOUSANDS OF DOLLARS" and never really telling anything about the actual sales strategy, I'm now 100% sure it's a pyramid scheme. What grinds my gears, though, is that the chat in zoom was disabled, the microphones and cameras were disabled, and none of the "trainees" could see anyone else. For all I know, I could've been the only one in the meeting. I couldn't even ask or say anything or participate in any way!
I guess I'll never get my 13 euros back lol.
Great explain, keep it really simple and it works
The total amount was $600 and the top guy had $400 then definitely the middle members had their $100 back.....so will the bottom members will gain back their money back.... if they keep on to sign more people.....
But of all the Top guy will be the one to gain much lol
kojo kojo ip man is that you?
@@iiperplexed3136 xaxaxa 😂
Whatever the case is, the people at the last will always lose money. That's the scam
But there will always be people at the bottom who lose out, and the people at the bottom will always be the majority.
I found the pyramid boi
I tried a pyramid scheme when I graduated high school but then I quit that job. Now I work for myself.
Good explanation
Really great video
Herbalife
That's a MLM not a Pyramid Scheme.
Your Job
And Herbalife does not represent every other network marketing company.
@@dantheman3850 MLM are Pyramid Schemes. You dont make money on a product. You can make very little below minimum wage(peanuts or nothing what so ever). You can only make money there by recruting people. Not to mention, that amount of people on earth is limited so eventually you run out of people or they going to leave. Chances of success in MLM are only 1-2%.
Maciej Janisławski You don’t seem to understand Herbalife’s business model. I’ve seen other MLM’s and theirs are really sketchy, but Herbalife’s fine.
Of course you make most of your money by recruiting, that’s what makes it an MLM. However, if you knew about Herbalife you’d know that you don’t get your royalties check (5% money from your downline, once they’re supervisors, directly payed by Herbalife and not your downline), if you sell (not buy) 2500VP to your personal customers every month.
In other words, you don’t get your downline money if you don’t personally sell, avoiding being a Pyramid Scheme.
(Edit:of course that’s just one of many ways it’s not a Pyramid Scheme; if you are curious in what other ways Herbalife is a legitimate MLM, just ask me and I’ll gladly share my opinion.)
Thanks a lot! Now I can go scam some random people online along with my friends and family!
That is exactly how it works, also works with selling products from the top all way to the bottom. Where the level 1 will sell it for the cheapest and then the next person would sell it to someone for an extra 20% interest the same again with another 20% more interest.
but from then on no one will be interested in buying it because it's too expensive. Therefore the bottom level have lost their investment and profit.
I kind of do this already as I find cheap products on Amazon, advertise them on eBay and sell them for a profit. The person buying is at the bottom, the person at the top is probably somewhere like Alibaba or some Chinese factory.
Thank you, I can finally start a pyramid scheme at my school. I'll update if it goes well.
If you can make your mates to join, then the schooling system has failed them.
great explaination
The first two are actually profiting at the start, then when more get recruited they are screwed
Sonasuke They gave him $100 and received $100 back. That isn’t a profit.
@@Anonymous-md2qp Then when the next wave of people comes they get a small profit. However the profit eventually does get too small.
People in the first few levels of a pyramid scheme actuality make out very nicely. Those small amounts add up very quickly.
Don't know y people can't understand this pyramid scheme is different from binary concept of direct selling 🤣🤣 saying direct selling is illegal without knowing the gov norms 😂 #Awesome explanation for pyramid scheme 😍💥
If the 3rd level recruits other people, will the 2nd level (the one who recruited the 3rd) make a commission too? Or just the 3rd level and the 1st level make the money?
Great explanation ! But i've got a question, does the recruiter gets paid less and less as the pyramid gets bigger ?
so clear explanation
Nice to know for the future as I heard about it but never really understand. Now I know to avoid these at all cost. Thank you
Im new in ujamaa, but i think you should also listen to the positive side and better explained,
Wonderful world Platform is scheme?
What happens at level 3? They pay 50 for level 2 and 25 for each one above?
Thank you for your information.
Kinda sounds like Mary Kay. I was almost recruited, and then was told I had to pay to work for them and buy all of the products, If they didn't sell I would have had 500$ of crappy makeup. No way!
Mary kay is an mlm alongside with many other famous brands! Its super scary!
Now there is a video of a UA-camr exposing their scam brand
I had the same situation. Had to pay money to sell his products, and he would help with making my website. I didn't at the end, because it sounded sketchy.
Some lady was trying to recruit me. What got my attention was that she kept insisting, and told me words like “You have a lot of potential,” and all positive things to convince me. I ended up blocking her. 😅
Please do a video explaining the difference between a pyramid SCHEME and pyramid or network marketing. Many people do not understand that the two things are NOT the same. They both have ELEMENTS of one another but differences in administration, distribution, product or service vs no product or service, value down close to equity of value up, etc. So many people are scared off from Network marketing due to the misconceptions surrounding it's structural similarities.
Actually they're scared off of MLM because they read a few "Annual Income Disclosure Statements" published by many MLMs themselves which typically indicate 85+% of reps make $0 in commissions and actually lose money.....thereby becoming clients.
John D because people are quitters want results in 3 days. Success takes years of failure but you wouldn’t know that because you still are in the most common pyramid. Called the corporate pyramid! Why do you break down that one. Hahaha
Good job explaining a pyramid scheme that eventually collapses itself.
thanks for the good explaination
They are very where they talk to you like you just found a new friend but in the end they stard talking about retired at age 40 and ah shit here we go agian
The first thing to know is that this isn’t pyramid selling, it’s network marketing...
What’s the difference?
what a beautiful intro for a pyramid scheme.
Is it legal or illegal?
Illegal bcs retarded people fall for it
You make this easy to understand
In order to be considered an (illegal scheme) it would have to cost money to join right? Or at least require a monthly product purchase?
So would trading and doing cryptocurrency fall into this?
I need advice how do I explain to my mom and step dad they are about to join a pyramid scheme
Depends, are you the level one?
Is piamid same with multi level marcketing?
Janaka Rathnayaka One is legal one isn’t they’re both a scam
Soo Is MLM is bad business?
@@janakarathnayaka3873 Yeah
Yes it’s exactly the same thing. Pyramid scheme is the informal term and MLM is the formal term. Well known examples of MLM companies (aka Pyramid Schemes) are Quixtar(Amway), Vector Marketing (Cutco), Herbalife, and Kirby Home Care. If you get suckered into one of their presentations walk right out. I’ve had 5 attempts (3 by Quixtar, 1 by Vector, and 1 by Kirby) of people try to recruit me into these stupid companies throughout HS and college and always had a feeling that something wasn’t right. So I never joined. One summer during college I thought about getting a job to make some cash. So I looked in the newspaper for job openings. They will do things like place a vague ad like “looking for people for carpet cleaning business”. So here I thought they were looking for a guy to join a team that goes around in a van with two or three guys with a steam cleaner and clean carpets at homes and businesses. No. It was a presentation of the Kirby vacuum cleaner and how to become a sucker in the scheme. I remember 10 mins in I walked out with this other guy who thought the exact same thing as me.
@@juanzingarello4005 don't forget ACN
But if the person at the top has to move out and then a new person moves up and that top guy is at the bottom then it can keep going infinity right.
iamOAKland yes but than more people are just gonna lose out unless the cycle continues. Once you run out of people to sign up, than everyone there is asses out
Once the guy on top backs out, it’s like the domino effect. The rest back out too. I’m assuming
It's impossible to run out of people to sign up.
Excatly
@@sashagayepowell2655 If the top guy backs out then it's not a guarantee that the new top guy will back out but, if he does back out then there will be an even less chance of the next guy backing out. It's all dependent on chance. In theory, yes it could be infinite if the ONE SINGLE GUY who backed out joins again which is HIGHLY UNLIKELY.
straight to the point thank you
If level 3 recruited victims, will they have to share the profit with level 2 as well or is it between them and the initial perpetrator?
So basically it’s a giant scam?
Yes. And smart people usually obliterate anyone trying to sell them this bullshit.
@@lifeoftennis1285 Well it depends if you’re near the top then you will make money so it won’t be a scam for them.
Nice, short and sweet 🙏
very helpful video!
Now im just curious….say I joined one of these and then realized it was a scheme and decided to screw over the leader by keeping the product (whatever we’re selling) and not paying for it, therefore screwing them out of the momey they ripped me off?
we use fake paper money as currency in our class and have fake jobs so im thinking of starting a pyramid scheme also jec films you are my inspiration
Well it's time to make some badass schemes
Do the lower tiers after the original person ever do anything, or do they just pay the money one time?
Sounds like a regular job to me, minus the trading you time to be in the office part.
Thank you. I literally signed up for it but it always just felt so off and I’ve been so skeptical. Now I know there’s a name for it so I can research efficiently now 😂
I see what Andrew tate is doing now…
I wish to use your video to create a content to educate people against scammers with your permission
Hmmm...Sounds like Social security.
Interesting Feyo L.
Question…couldn’t the top one just rejoin and be recruited again and only give a portion of what he gain…someone was explaining something similar about giving and getting but I have to recruit and that they had ppl already on call to recruit cause they did it already ?
is recruiting survey members through your referral a paramid scheme?
Thank you so much, it really helped.
Quick answer to this question. Primerica
Who is here after watching "the office" pyramid scheme vid
Directors do a character analysis on their men and essentially get the the most emotionally responsive individuals law enforcement then keep forwarding them to one person then apply pressure to do more. This causes a pattern of wrongdoing. They pick their worst. A public enquiry into the selection process is needed.
BITCONNNEEEEEECT
Lol
this reminds me of a pyramid scheme that is based in Dubai. They would do the same here but instead of rewarding people with money they had their own "Crypto currency" which was basically useless. they would get away with this by just claiming that the crypto currency has plans to make it available to withdraw the money into any other currency but that will never happen. luckily for my family that they flied us over to dubai for a week, we didnt buy into it and in return we got a very cheap holiday.
I mean like
if only half of the recruitment money goes to the top, being a higher rank means you still profit as long as you recruit more than 2 people lmao
Thanks, gonna be real useful when I write about how to make a cult
One of the best system for make money.
So is this only if there isnt a valuable product being sold? Otherwise wouldnt it just be multilevel marketing? Someone please explain
Im gonna try this wish me luck boys
The Philippines is bombarded with MLM or Networking or Pyramid Scheme companies that are not strictly regulated for as long as a company has business permit. Even the products are not regulated as long as "No Approved Therapeutic Claims" are put on the labels.
THANK YOU👍👍👍
how can i make the paramid cycle so it makes it fair for everyone
i think my mom mightve been in one the way this is described is exactly what it could be from my perspective
The thing I don’t understand is what the people being recruited are paying for. Are they paying for the right to sell the product?
Reminds me of real life. Like why do people keep going back to fast food chains. People dont think that's a Pyramid but it is. The corporate people or on top of the Pyramid.
No, because everyone always gets the same amount of money per amount of time you have to work to get that money. It doesn’t slowly start getting smaller and you don’t need to make an investment to join.
How about CROWD1 ?
Is it a pyramid or not?
So on level 4 the top guy would receive 33$ from the 100$?
TKB no, the money is split of 50-50. Pretty much as each level goes down there is more people, and overall more people lose money than make money
I wish this guy was my school teacher
Wil be more helpful if someone could mentions some of the current pyramid scheme companies so that we can prevent ourselves from joining in their trap
I have a beeter piramid scheme idea you are to pay certain money and 50 percent will go to initial recruter and other 50 percent will be evenly split with members of upper level so lower member will continue to join thinking they just need to recruit 2 in order to be even
Where do I sign
Structure looks good. Missing the psychological drives and manipulation.
I made one of these for school currency in 7th grade
I dodged a bullet today, they tried signing me up for Kangen Alkaline
Water sales.
Have you heard of Tenacity? I’ve been approached over and over and over by someone trying to get me to join. Just not sure if it’s legit or if anyone has had any success with them.
Thanks you
Was this a pyramid scheme? So I 7th grade, I started selling some candy just for profit. Overtime I recruited some people and one of my friends. One day, I told my employees if were to be a great idea if we started an organization, I promised that at the start, we would all have set wages, in which we all just got 5 dollars and the rest is the ones I got and I would just invest that money into this so I would also only be left with 5 dollars at first. I also promised them that our wages would increase based on what group does really well than the others in selling the snacks. I would be the founder, responsible for making decisions for this business, my friend would be the co-leader, the other employees would be managers of different groups, but before that happens, they would need atleast 1 seller for each group to start this business. They recruited some random people, in which I put them on the waiting list so I could afford them in the future. In order so the managers don't get really stressed out about recruiting more and more and recording their conducts, and supplying all of them, etc I set the limit of how many sellers there could be in a group to 3 and added a new role called the suppliers, I also split the groups in half to sell different snacks, like group a, b, and c are responsible for candy while d, e, f are responsible for the chips. I put some people from the waiting list to be the first few suppliers, as I said, I invested most of the money to this thing so I would lend the suppliers some money for the needed supply of their group. Business was doing well then I eventually started the organization in which I called it the S.S.U. was this thing a pyramid scheme?
What he explained is/isn't a pyramid scheme. the reason why is that there was no talk about a product being sold. in a way, this is an MLM(Multi-Level Marketing). Agents who are in an MLM structure HAVE to get licensed by the state but in a pyramid scheme(which is illegal) cannot get a state license.
Kellz Jr. hi...how can I get the license...I’m staying in South Africa
Only thing I don't understand is why are the people motivated to pay the initiator money if they don't have profit at all? Why would you want to pay a 100 dollars for nothing in return or risk not getting them back?
When I was a kid I thought I was a genius, it's just a pyramid scheme