Title: MLM schemes. Post by: BANGKOK RED on Thursday, February 28, 2008, 19:33:48 No I am not pushing one yet, although I may be soon.
Iv'e looked at a few in the past and have generally dismissed them as a scam, which most are but I have stumled across one called Global Domains Inc. Has anybody heard of it? I am dead skeptical about these things and despite relentless google searches the most negative thing that I can find about them is that it isn't as easy as it sounds, although it still works and big bucks have been made. For only 10 USD a month I might give it a whirl after some further information (I need to feel more comfortable about the payment system as it is done by credit card? Has anybody else tried an MLM/pyramid scheme, and did it work at all? Title: MLM schemes. Post by: Samdy Gray on Thursday, February 28, 2008, 19:38:33 If it sounds too good to be true it probably is. Nobody gets rich from MLM schemes apart from the con-men who start them.
Personally I'd steer well clear. Title: Re: MLM schemes. Post by: Batch on Thursday, February 28, 2008, 19:39:24 Quote from: "BANGKOK RED" Has anybody else tried an MLM/pyramid scheme, and did it work at all? If it's like a pyramid/reverse pyramid avoid at all costs unless you are the one setting it up at (or very near) the top. The first few get minted, the rest get stiffed. It's basic maths, ultimately it's impossible to get out more money than people put in. And there isn't an endless supply of people putting in the cash. And the further down the chain you are the less likely you will see a return. Or have I misunderstood what an MLM is? Title: MLM schemes. Post by: Samdy Gray on Thursday, February 28, 2008, 19:45:14 Normally MLM's (multi-level marketing) are legitimate and pyramid schemes are the dodgy ones.
For example, things like the Kleeneze and Betterware catalogues are MLM's, you have to buy into them then sell on stock and take a cut of the revenue. Pyramid schemes usually just involve sending money to people in the hope that people below you then start sending you money. Title: MLM schemes. Post by: BANGKOK RED on Thursday, February 28, 2008, 20:00:18 The "Too good to be true" thing I generally agree on, and being a salesman by trade I am very very cynical about these things but I have dissected each point about it as much as I can and everything seems to have an damned good answer.
Again being a salesman I know that there is generally an answer for just about any question that is raised but theirs appear to be cast-iron. Also it is clearly very very well orgainsed and thought out (But then I guess that it would be). And it is just sooo simple. They have appeared in inc 500 as the 37th fastest growing company in the world or the US (Can't remember which). Also you are limited to 5 tiers (Yet unlimited to your own referalls in the tier immediately below you), meaning that in a sense you are always at/near the top of the pyramid (It is more MLM than a pyramid though) It also appears to be a very popular and positive topic on the net (Google ect.) I am still skeptical though and am looking for any dirt that I can find on this Company, I just can't seem to find any though. Title: MLM schemes. Post by: Lash_sumthin on Thursday, February 28, 2008, 20:05:13 took me one google search...
http://www.ripoffreport.com/reports/0/269/RipOff0269037.htm Title: MLM schemes. Post by: BANGKOK RED on Thursday, February 28, 2008, 20:20:39 Quote from: "Lash_sumthin" took me one google search... http://www.ripoffreport.com/reports/0/269/RipOff0269037.htm It is the same company, I just stumbled across that myself on the 3rd page of google. It is the only negative thing that I can find though and I am trying to find some kind of official site rather than just John Doe's opinions. Title: MLM schemes. Post by: Lash_sumthin on Thursday, February 28, 2008, 20:23:40 too good to be true wouldnt touch it with a barge pole
Title: MLM schemes. Post by: Lash_sumthin on Thursday, February 28, 2008, 20:26:33 this site has more good discussion
http://www.glo-productions.com/2005/07/30/global-domains-international/ think this post porbably summs it up Code:
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