How to spot a pyramid scheme - Stacie Bosley
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- Опубликовано: 1 апр 2019
- Learn the techniques and tricks that pyramid schemes use to recruit new members and how to avoid being fooled yourself.
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In 2004, a nutrition company offered a life-changing opportunity to earn a full-time income for part-time work. There were only two steps to get started: purchase a $500 kit and recruit two more members. By 2013, the company was making $200 million. There was just one problem -- the vast majority of members earned less than they paid in. Stacie Bosley explains what a pyramid scheme is and how to spot one.
Lesson by Stacie Bosley, directed by Wooden Plane Productions.
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When someone:
- wraps their arm round you
- tells you about an exciting business opportunity
- reassures you it's not a pyramid scheme, even though you don't have such concerns
- is an old high school friend
It's a pyramid scheme
Henryk John
That happened with a far relative that I had met like twice in my life. Sadly, my sister in law kinda fell for it.
I got 2/4.
Henryk John also cheerleading is clearly a pyramid scheme
Henryk John whats a pyramid scheme??
My aunt fall for it.. Luckily i didnt.. One more, complicated member awarding system
the sad part is if i show this to people caught in mlm they’ll just say “oh well the one i’m in is legitimate”
Exactly
But there really are legitimate mlm though
@@thenuetrix6574 got brainwashed I see
The Nuetrix the video acknowledges this, and states that as one of the reasons pyramid schemes can be hard to spot. Deadlines and paying your way into the business were the key red flags they named to tell the difference.
@@thenuetrix6574 they're all legit smh... it depends how many people came before you though...
I absolutely bursted out laughing when she said to send the video to three people you know. Brilliant!
big brain time
Tell 5 people you know to like this reply
@@thefog13 what's in it for me though a quarter of the likes you receive😂
@@Abbyssiniyan7604 then tell them to like your reply, too
@@thefog13 yeah but you have to promise those that like your replies that they will get something in return for it to be effective yk
You know what's worse than being a victim of pyramid scheme and loosing your money? Loosing friendship and relationships over it.
what do you mean by that?
@@alexthecreator8380 when people buy products from MLM or pyramid scheme they are basically trapped and have to push their products to more people which means they have to convince their close friends or relatives to buy overpriced products so that they can recover their own losses. Now when you try to annoy other people to buy overpriced products from pyramid scheme they would obviously lose all interest in talking to you.
@@gokuldutt7476 I've lost 2 good friends to a pyramid schemes... both called me for meeting with a great news... first vitamins, second cosmetics... never talked to them again.
@@Adushka1976bro, same! So lame why do ppl do this!!!!!
@@Adushka1976did you end your friendship because of their involvement on selling products from an mlm or did they only see you as a customer & kept pushing you to buy from them that ended your friendship with them?
Red flag: Someone from highschool you haven't talked to in years hits you up randomly
This is exactly, exactly what happened to me yesterday
LOL....yes! And they say, "I just started my own business" or something like that.
Happened to me a few years ago.
EXACTLY LMAO
A friend did the same to me too. Messaged me on facebook to watch this slideshow about beauty products that was for her "presentation" for class and asked me to critique.
As OBLIVIOUS as I was at the time. I watched the whole 10 min and opened a Microsoft word doc. And made 1 page notes saying things like *this girl needs to stop saying umm* or things like *add more slides that show the product being used more etc.* She said *oh lol thanks* and never messaged me back.
A few months later I then realized that it was a scam when my I told my other friend about it and laughed because she was approached by her too on facebook. THANK goodness for my naivety back then.
At a pyramid scheme meeting:
“I used to be like you once.”
Ight Imma head out
@@Kayden007 Adios
Until I got an arrow in the knee
Oh, so you were handsome ?
That's exactly what they told me when I went to interview for p****rica
I fell for a gifting group once. Even though it had the exact same structure as a pyramid scheme, the difference in context and stated purpose was enough for me to not see it. Fortunately I only sent one gift before one of my Facebook friends who I tried to share it with pointed out that it was a scam. That's the only time I ever fell for a scam, and I fell for it so publicly too, so it was really embarrassing.
You’re not very smart are you
Can you please tell me what was the context and stated purpose ? This is to help a friend
Thanks for sharing. Would be hard to me to admit, even though I know it would help people.
You know that friend is a keeper.
Sounds like a good friend to have. And how did this group work and how was it presented to make it seem different? I!ve honestly never heard of a gifting group before, so I’m not sure what that would be like.
Can we take a moment to applaud the animation. Just brilliant!👏🏼👏🏼
Very reminiscent of the opening sequence to the movie “Catch Me If Can”
Keywords:
- Be your own boss
- Passive income
- Entrepreneur
- I used to be like you... (insert a heartbreaking sob story)
- Business opportunity
- No college or university degree needed
- Make money online
- Only available for a limited time
- Make 10K a month while sitting on a couch
- Quit your job
- Motivation
- Investing
- Positivity
- This is DEFINELY NOT a pyramid scheme!
Sounds like some RUclips ads 😂
I get all these in my RUclips recommendations
Okay but let me tell you about how I found this crazy easy trick to earn more money than I ever had before, as my own boss from my living room. I can't believe it took so little effort, and if you watch through this ad I'll let you in on the secret too.
Girlboss/ boss babe
Financial freedom is another one🤣
When you said fight fire with fire I thought you were gonna tell us to start our own pyramid scheme
She basically did lol
Yeah lol
ok lets do it, ill recruit you guys, now go and find some more each within the next month or so
hire the boss
@@merlijnp huh
I once had a "customer" at work ask me how a product worked. So I explained it to her. She then told me I had great salesman skills, and offered me a job interview for selling "Insurance." I figured it would be at an office somewhere. We did a webcam interview. The only problem was her "partner" didn't show his face, and kept trying to amp me up about how much money I would be making. Every time I asked about what kind of insurance I'd be selling, he'd dodge the question instantly with "We will get to that, but first you need to build a team, and recruit some more members." I immediately figured it was a pyramid scheme. But I didn't understand how he'd get money off of me, until he said that I needed to pay him $200 for a "license." Sadly, this isn't the first time someone has tried to "recruit" me, for something suspicious. One of my coworkers fell for this with hair cleaning products and ended up losing thousands of dollars.
SERIOUSLY
The only time you "pay" for any sort of "license", insurance wise, is in order to take the provincial/stage courses/classes and the errors/omissions insurance for yourself in case something happens, and even then, most legit insurance companies or banks will pay you the money back after you pass your exams. Y'know... like any normal job would do if you had to pay for training or certification of some sort out of pocket.
Good thing you ran for the hills, because zoinks.
Pro tip for everyone: If someone tries to get you to sell something and they say it's a MLM, just leave instantly, it's 100% either a scam or a pyramid scheme
The biggest sign is when they say “Wanna Be Your Own Boss?”
😂🤣😂
Antonio Innocente that’s a Ponzi scheme.
How do they typically justify "being your own boss" when you have to report back with how many people you recruited? Doesn't make sense even from the get go...
HUN
I swear yo 🤣🤣🤣
Red flag (MLM): When the primary goal seems to be find more sellers rather than consumers.
The intelligence in this one statement. Your summary skills are impeccable my good fellow.
By the way do you want to join our company. All you gotta do is recruit 3 people and buy our £500 make up kit. No qualifications required!
Agree. Problem is that many MLMs disguise this fact. But yes, this is true!
@@BillyO8828 They can never truly hide how they make money.
Actual framing: The "Business entrepreneur" buying his/her starter pack is actually the customer
Had this almost happen to my mom. I had to convince her NOT to do it. Oh did it take a lot of talking, math, and explaining. Someone asking for money to be put into a "pot" like a card table is a big red flag. Then asking 6-8 more people to do the same so you can start your own "pot" is another huge red flag.
She tried getting me to do it, not even 2 minutes of her explaining it, I figured it to be a pyramid scheme.
was it WFG??
Red flag: Someone who is a mere acquaintance starts becoming more friendly with you completely out of the blue, then they invite you to a Zoom meeting or real meeting about "building a better lifestyle" within weeks.
"I used to be in that chair you guys sitting right now"
“one decision can change your life forever”
...two days previous...
Lolz
😂😂😂😂
@@Juicetheeunuch lol
I wasn’t interested in this video at first, but my brain was like: “You never know...”
Same
yoo same here i was like "who cares?" but then a week after watching this video for the first time one of my mom's friends approached both of my parents and told them about a "wonderful job opportunity" that can make them "millions" by being a life insurance agent and recruiting others to do the same. Looking up that company pointed to a pyramid scheme lawsuit and bad reviews and i had to convince them to not join.
@George B they ended up not joining
@Ethereal •Solana• no, it was called Premier Financial Alliance
🤣
Years ago I was pressured by a co-worker to attend a Pyramid Scheme Recruitment Presentation for Vitamins & Supplements in our small community, knowing full well what I was walking into.
I resisted the high pressure tactics employed to get me to buy into their scheme after their presentation was finished and the recruiters of course got quite irate with me, pretty well throwing me out and shaming me.
Looking around I saw many local business people, lawyers, even law enforcement in the audience, eagerly signing on and paying to get in on "this special opportunity to make money while you sleep".
Often wonder how that turned out for them.
As a former member of such a scheme, I can say that it's quality content. The calculations seem to work out when presented to you until they just don't ...
That's why it pays to be good at maths. ie, a basic understanding of exponential growth (and therefore the impossibility of perpetual exponential growth) is a real skill.
@@wtz_underLike I said: financial literacy is just understanding exponential growth. Learn maths. If you cannot do basic maths involving exponential functions, then you are not financially literate, no matter how many fancy terms you know.
@@kwanarchive bro why you updating yorself after a year
@@maheshsharma4999 Did you not see that I was replying to someone? There's an "@" and everything. They replied to me a month ago, so I replied to them.
You need to learn investigative reasoning.
Common things in MLM:
1. The recruiter is hyper enthusiastic and knows it all
2. The recruiter thinks that he or she is so successful and you can be the same like them
3. You can do this and make a living by part time
4. You can help many other people
5. Require you to go through training and workshops
6. They have many many members around the country and the world
7. You can be your own boss
8. You can travel around the country or the world, again workshops
9. You need to pay to get a license while you don’t need to pass anything
10. You need to pay for background check
Typical products they sell:
Diet
Vitamin
Personal financial programs
Insurance
You should add others like:
Health instrument (bracelet, water filter, air filter)
Online education
Trips
And most likely things with overpaid priced or unreasonable things that doesn't actually has real facts (self-claimed facts) that usually they say it is the best product and only they sold it
almost getting into the insurance once but i said to her i got covered by country already and it's fine, then i walk out.
@@helldronez Nah some kind of insurance companies are kinda falling into this too
@@jofx4051 what do you mean of nah?, insurance company is pyramid scheme too the real insurance is goverment one
This sounds like some RUclips ads I've come across.
"we are not selling products, we are going to sell *OPPORTUNITIES* "
@@siddharth5027 Just simply say you're not interested in this business anymore. They'll keep two to three meetings to keep you but be strong in your decision. They can't force you to keep in the business, it's always your wish.
siddharth lmaooooo
HAHHAHA
Yeah, they're basically selling the job, not the actual product
Oh yes, you are selling me the opportunity... to have you arrested and your little pyramid scheme eradicated.
I wish I would’ve knew this this time last year .. being in one of there’s things damn near ruined my life . I look back and cringe at how brainwashed I was .. so embarrassing once you realize what happened to you . So depressing once you realize youre never going to “ make 10,000 a month online working part time” I’m honestly still recovering . Really it’s because they got me at my lowest point . Single mom working 2 jobs to make ends meet little to no time spent raising my child because I have to work so that we can survive . Me knowing I’m a hard worker I was told by this company that if I just worked hard enough , if I just wanted it bad enough it would happen for me . Well I worked hard, and definitely wanted it bad enough and it didn’t work out and I lost almost everything. The company shut down right when I was about to reach 2000$ a month ..
you can always start again with a legitimate mlm. you can still be your own boss, just be cautious and learn to differentiate between a pyrimid and a legit mlm
@@abradam26 no thanks 😂😂😂😂
@@abradam26 no thanks
@@abradam26 ypur profile picture is a big red flag
Single moms are target
the difference between an honest MLM and a pyramid scheme is easy: in an honest MLM you never have to purchase anything to enter, you just need to sell products (without having to buy them first), and what you earn from your referral is coming from their own products sells VS in a pyramid scheme you have to purchase products or pay a monthly fee just to stay in the business. Basically: honest MLM = focused on selling products VS pyramid scheme = focused on recruiting sellers.
What about a one time buy in
whenever you hear "this is NOT a get rich quick scheme" just know it's most likely a get rich quick scheme.
"It's not going to be easy", "I was in your shoes once", or "are you willing to train?"
Or they are just there to use you. I went to this "real estate investor" free seminar once. It was basically a pitch for you to pay them a subscription fee so you can be a bird dog for them. Lame.
Trading crypto is easier than you think. Thank you Joseph Allen for helping me make $5000 in one week.
@@ethannakamura96 pls put link
@@ethannakamura96 LOL NICE ONE
"Do you wanna get rich quick?"
"Do you wanna work at home and make lots of money fast?"
"It's a multi-level marketing business."
-pyramid scheme
MLM - More Losing Money
how about "get started flipping houses right here in the bay area using other people's money"
@@BillyO8828 Money Losing Method
Cod4 Wii it’s all lies and total embellishments
If all was rich none was rich! Next!
Its a scam!
Thanks, I saved my loved one by showing her this video. She wasn't convinced at first when I explained pyramid schemes but this video made her understand.
The whole "you need to pay me for you to make money" has always been a huge red flag for me, and its saddening that some people can't see through, what I believe, is such an obvious red flag. What legitimate business has anyone worked at that has you pay to get money besides maybe buying the company uniform?
Johnny Derpson Ahhh. A franchise! Million plus for a McDonalds.
Some more Red Flags for everyone to consider:
-The Canadian flag
-The Swiss flag
-The Chinese flag
-The Turkish flag
hahaha
Og det danske bro!
Damn you
+ Albanian Flag
Juan Hercberg thank you, I’ll be considering that
When someone is:
-Worshipping a cat named Ra
-Wears a funny little hat
-Living in the desert
-Constantly building
Then it's probably a pyramid scheme
Toastte you thought this was funny huh
Underrated
Ra isn't a cat wtf
Lol
I love you
Hustlers university💀
It is not a pyramid scheme
Nearly got into this scheme. My friend offered me a job without me knowing that the job he offered was a pyramid scheme or a mlm type of company. He used sweet words in order to woo me into joining this type of scheme. I was hesitant to join but thanks to this video, I found out what the purpose of why my friend was eagerly and persistent of inviting me into the company. Thanks very much Ted-Ed. You saved my life.❤❤❤
One of my friends invited me to his house for an amway presentation. I grilled the presenter so hard she actually started yelling at me and told me to leave 😂 all I was doing was picking at flaws in her logic. Was a proud moment for me
Could you give us an idea of what logic you picked at and what she was saying? I've been to a few of these Amway things and decided it was bogus, I know people who have invested so much into it and still have seen no rewards but see everyone 'above' them winning 🤷♂️
Please share what you said/asked
I used simple mathematics, I said if I'm trying to sell toothpaste for example, and each person makes 2% of the sale, given that there are now 100 people below me I can make 2% from each for 1 products? She said yes, I said well in that case your products will become horrendously espensive so why would I buy from you if I can go to a retail store and buy it for a quarter of the price?
I also asked what I'm buying when I pay the sign up fee and she said access to the program and where exactly does this money go? We can't pay for something and not know for what and who's benefit. She said it's a shared scheme that benefits only new sign ups when they sell products. I said then why do we need to make a markup and what stops me from going to a manufacturer and buying at wholesale and selling just below retail without paying a sign up fee and a percentage to every one that I joined under? It makes more business sense.
I also said that this sounds like enslavement since I'm working for this scheme and instead of the company paying me a salary and/or commission on anything I sell, I then need to pay my bosses (people that joined prior to me) for products I've sold.
Needless to say, I own a business and so did my father so the business aspect and the mathematics stumped her, she became highly frustrated when I was grilling her in front of everyone else who also saw the same logic and were agreeing with me
@@cmichaels9544 woah, amway don’t let us buy their products wholesale?
@@heinekensese_ they probably do but you're missing the point 😊 I meant that it's more feasible to go the a wholesaler and buy from them directly as opposed to amway which is essentially a middle man made up of countless thousands of people who all supposedly get a cut if whatever you sell
"Let me assure you that this is not one of those shady pyramid schemes you've been hearing about. No sir. Our model is the trapezoid!"
@unOrdinary Replica
Weird square.
SOLD.
@unOrdinary Replica
Good
I mean, don't worry about that
yes, it's a trapezoid because there are TWO people at the top.
I'm in..😂😂😂
Jobs were scarce in our small Alaska town, so my family got wrapped up in vemma in the early 2000's. I was a kid but saw many people join up in it who didn't have many prospects and a major lack of job experience and knowledge. Many of whom were hoping to take care of their families and only got multiple bottles of the medicinal "juice" that tasted of ground-up Flintstones vitamins. A year ago I was cleaning out my grandparents garage and there were still ancient bottles of their gritty mangosteen health product they could not move. 🙃
The king of the hill episode when Peggy got caught up in the pyramid scheme saved me a few years. The job I was offered was identical to the episode plot buying and selling “products for living “ .
Another red flag:
That unmarried aunt or uncle you meet at a family party who is suddenly very interested in your life.
FakeUser NameTwo explain pls
@@khorasanvn6598 they've fallen victim to a pyramid scheme and they are trying to recruit.
I was really thinking this was going to go the amish route
Corey Leon - As I walk through the valley where I harvest my grain, I take a look at my wife and realize she’s very plain...
Me: runs away
"I'm successful and making loads of money! So I'm going to show you how to do the same thing and create competition against myself. Makes sense, right?"
absolutely right.
I once had some message who said "I will teach you to earn 10-20% every day."
I calculated how much I will have at the end of the year if I invested $100 and I earn 10% every day which gets compounded daily.
I will have at the end of the year... drum rolls please.... $128,330,558,031,339,328.00
lol
If rich entrepreneurs were as generous as they pretend to be, they’d pay livable wages, not paltry commissions. If a suit says over and over they want only to help folk like you achieve wealth/greatness, they’re a fraud.
Thats how team work works I guess?
Case in point: Billy Beane and his “Moneyball” formula. He wrote a book on it and other baseball teams started using it. Suddenly, his secret weapon was being used against him left and right.
"Are you an open minded?"
That's the queue to walk away.
now i know what to avoid when presenting MY pyramid scheme!
thanks 👍🏽
"Dude, it's called multi-level marketing"
-Friend from highschool you haven't seen for years
Canned Baef nah it’s called illegal
OHhHh
Took from Trevor Wallace lol
ruclips.net/video/M_XELa7kdmQ/видео.html 0:21
@@jackw4573 Never heard of the guy.
@@cannedbaef bruh hes funny af
Loved the area 51 movie/skit
No youtube, I was looking for a guide on how to START a pyramid scheme
I think they're trying to tell you something...
They're trying to help you by telling you what makes a pyramid scheme noticeable, that way you can keep a low profile.
@@pantbd dude he was obviously joking
No, not in this recession you won't.
exactly
There's popular here in Philippines called FRONTROW wherein highschool & college students are particularly part of it. I have some batch mates who joined usually post their products & money they earned sometimes even selfie of them on a fancy car that they don't even own. I have also 1 of my cousin who gave up studies for that job & says she'll be rich soon but after 6 years came she was still there selling products while my sister who is her batch mate before already graduated have decent job & much higher salary.
It was basically a scam and they just brainwash people & also its because it was an easy money they get enlighten through it especially the strategies & tactics are quite smart to manipulate them easily.
Andrew Tate’s HU checks of all of the points mentioned and yet people still don’t see the scheme!
literally, and people still think hes a good guy
When someone told you to attend a seminar for business opportunity, accept the invitation , eat food as much as you can ,take home if possible ,but never sign up for anything ,tell them you'll think about it, and repeat the cycle for next invitation
That's what i did too. Taking their coffee as much as i could.
You dare use my own spell againts me?
Im hungry for dinner.
Web search: get rich in real estate and ecommerce instead of restaurants 😂
@@ChuyR. that is hilarious 😂 the best part is you didn't even know what was happening, but was smart enough to ask the right questions 🤣🤣
Literally what I did as well haha. Makes me feel powerful knowing things on dark and light sides of society
“Send this to 3 people you know”
*hol up*
I know eh
This is what I came here to say, but in my heart I knew it had already been said
Tasty Jason 😂😂
That's the joke
And you have to leave a like should have been added
I almost fell for a pyramid scheme at university. The only thing that saved me was that I was too poor and balked at the money they demanded. Had I known what it was, I would have called it out immediately.
Would Temu count as a pyramind scheme?
almost definitely
I went to one of those once. They told me “This isn’t a pyramid scheme. Your job is a pyramid scheme. You’re working to make someone else rich. Here you make yourself rich” 😂
Funny thing is it’s true cause your manager boss make money from you and his boss will make even more... Only thing is atleast you’re guaranteed a check in a job 😂
It’s true though
This is not true. Just look up the difference. I’m sure there’s a video explaining it better than I can
@@joshvineyard7253 a job is a pyramid scheme of it’s own
@@sebastians9285 you paid more because of your expertise and experience instead of recruiting more staff to work for you, how is that the same. And ofc, companies and founder makes more money from its worker,they need to struggle to make a company before they could even start hiring staff, if they don't make profit that would just a time wasting activity.
“You don’t get rich by going to college. You get rich by getting rich.”
-Griffy
Lol did u get recommended this after watching his vid
Steps to getting rich:
1) drop out of college
😂😂😂
It makes sense actually.
Step 3: ". . . . . . . 😏"
*«The* (true) *distinction between pyramid schemes and legitimate multi-level marketing…»* is that there is _no_ distinction….because there is _no_ legitimate MLM, plain and simple.
Hustlers university is one of them?
Pyramid scheme: When you have to pay a fee to work for them.
Real job: they pay you for training and the amount of hours you put in.
Also pyramid scheme: The more you earn, the more you have to pay your bosses
General rule of thumb, applicable to other areas--like job placement services--as well as MLM: "If they want you to pay money, they are not legitimate."
Wait, so strawberry picking is a pyramid scheme
I came here for this comment
Hamy Nguyen In MLM you don't work for them, It's not a job.
When they say "it can't be a pyramid scheme, because pyramid schemes are illegal!"
"nah man, our cars won't get stolen if we don't lock them, that's illegal"
@@mosh57 🤣 🤣 🤣
They can’t be a bank robber, bank robbing is illegal
This is usually the first line they say when you confront them. B*tch, it's illegal to kill but people still doing it :D
wow, I actually been told so lol
Soooo Andrew tate?
Yeah him. I can’t stand him. He’s a creep and full of BS
Im here just to see if NFTs fit in this category
"Its not a pyramid scheme, it's not even a scheme per se"
*draws triangle around business structure*
It’s a reverse funnel system
The office!
The office!
uselessemailid a man of culture!
The reflective upside down pyramid technique is the newest high growth marketing algorithm for high funding success. Lexiconigraphical gibberish can be a red flag
When your highschool crush texted u after 40 years..its a pyramid scam.
40 years- now that’s a lot of years 👀
@Christopher Boukalis why must the word unoriginal be used so wrongly.
Lmao
Damn I thought she is finnaly into me... thanks for ruinning all hope
😂😂😂😂😂😂😂😂😂
There is no such thing as an MLM that doesn't use Pyramid Scheme tactics, legal or otherwise. It's literally in the name, "Multi-Level" Marketing. What do you think the levels represent? Recruitment. If an MLM uses any term like upline and downline, or some equivalent terminology, just run away.
Dannie The company you work for is a pyramid.
@@yipe222 True, all corporations are somewhat a primary scheme at least.
2 questions: _what’s the product / service_ and _Do I gotta recruit others to sell this?_
I too lazy to sell anything to anyone or to recruit people. This is my built-in defense against pyramid schemes.
Ah finally the only thing I'm good at
Too bad you don't even know what one IS! DUH!!!
If you have someone telling you you should buy something, it's a pyramid scheme lol actual businesses don't force their products on people, only scammers do
Same bro same
This is probably a lie that you made to fell good about yourself
"No no, it's not a pyramid scheme... it's a... *trapezoid* scheme."
Underrated comment lmao
Great Simpson’s reference bro
emphasis on TRAP
"It's not a pyramid scheme, it's a reverse funnel system."
WE ARE A DIMARYP
andrew tate
The Artstyle looks a lot like the Opening Credits frm "Catch me if you can", loving it!
" I made 7 million dollars sitting on a park bench "
@The Kraemer Forrest, was it from Ping-pong or lieutenant Dan's investment into the Fruit Company ?
I know this guy. Man trying to dupe us all out here. Along with many more of them
@@premiumdomainnames its was bubbas shrimp concept
@The Kraemer This response deserves WAY more attention...
Dam how lol
In my life I've had two friends get themselves involved in a pyramid scheme. Each wanted to bring me in, each eventually quit once the losses added up.
The talk of 2022 internet: Andrew Tate
sus
Tate university
The 900+ dislikes on here are probably pyramid scheme business owners
they dont have to, the people who sign up for these things are so hopeless, friendless, or just enojoyable lifeless, they will brainwash themselves with nothing more than a small push...
or they know more about what all these people are talking about. The only pity is they pay attention to these kinds of posts.
Not necessarily owners. Scammed people don't like being exposed as gullible.
900+ Boss Babes disliked
It wasn't easy with the kind of experience I had with them, thank God to Solution Global Recovery I was able to get back my lost Funds through the help of Solution Global Recovery here’s their email address you can contact them at : jm7480652@gmail.com and they will also help you to recover all your lost funds
If they say it’s not a pyramid scheme
*Its probably a pyramid scheme*
Your life isn't a pyramid scheme.
R u in a pyramid scheme
What are people supposed to answer if they are being asked if their business is a pyramid scheme or not, then?
Arnaldo Cisneros this is a pyramid scheme
@@arnaldocisneros2212 who asks a legitimate business if it's a pyramid scheme?
I see and hear good testimonies about people who make good results from investing. I keep loosing more capital in the race to getting back my lost profits and it's really discouraging. How can I make good returns from trading & investing in crypto assets..
I'm having same issues and lost over a thousand so far, I'm seeking for a reliable broker who can manage and handle trades for me, or a company I can invest with and get good returns. I need to add this as a source of income to my portfolio as its proving to be very rewarding
I met this Investment analyst and broker [ *Brendan* *J* . *Mitchell* ], she manages my account by trading and choosing investment options for me. She charges a commission for his services at the end of the investment duration. Honestly it's very profitable when a professional does the job. Thats all I can say my friend
@@alex-ie5dn Please, kindly share her info, I wish to use her services to save my account, It's almost blown away and I can't get myself to quit at this point, please friend..
@ *Brendanmitchell* *trading* , you can look up to her on….
*IG*
Basically Hustler’s university
In Philippines you can easily spot a pyramid scheme with the following:
- non-close friend suddenly DM'ing you
- the phrase "are you an open minded person?"
-
Do you Know about B Hip One,
i think its a Pyramid scheme?
I smell Frontrow in the air lol
"Have you heard of FRONTROW?" LOL
Omg. Someone I don't know but goes to the same school as me messaged me about Frontrow. I said I wasn't interested lol. I made a good decision.
Hahaha totoo Yan 🤦🤦🤦🤦🤣
Easiest way to spot a pyramid scheme: claims that anyone can make money from home with no skills or training.
etORO Is A PyrAMiD scHEme
@@darthvitiate7373 how? Can you explain that pls
@@angefabricenda560 im joking cause their ads are about making money at home (stock trading)
Yeah
No business or job in this world can be done with out knowledge
@@darthvitiate7373 haha
I’m glad the RUclips algorithm chose me as its one of 3 friends.
I love how the ad before the video was a pyramid sceme for me😂
Destroys friendships, relationships and marriages too.
Very true
Also applies to blue shells in Mario Kart
Just A P39N Don't forget playing Monopoly
Reck
And the +4 uno card
• Mila •
Also stacking plus 2 and 4 cards
*How to Spot a Pyramid Scheme*
It involves you bringing in another person.
Yes indeed
Or that you have to pay.
@@Mrraugut Exactly
That’s not a pyramid scheme. That’s MLM
@@alexmaxwell7126 which is basically a pyramid scheme
one of my classmate try to persuade me to be a member of a company saying that I'll earn huge money by just recruiting members, but before I became a member I need to buy their products first, which cost thousands. Thankfully my mom stops me and told me it sounds like a scam.
The biggest and easiest red flag is the phrase “passive income”
Keenan Kok-Carlson So, are you saying passive income is a myth?
One time I made a recruiter crack.
I was doing my best to fail the job interview...
Him: "I like you. You have a good head on your shoulders. Even though you're not our target audience, you would be perfect for our company. All you have to do is pay $110 for the membership cost"
Me: "Wait, I have to pay you for me to work here? If you want me to work for you, why don't you waive the fee?"
Dude blows his head gasket then starts saying how he hates college kids because they don't "get it". He went from being the nicest guy with a big smile, all of a sudden wouldn't even look at me.
Yeah, never trust ""companies"" that make you pay for some "getting started" course.
If they are legit they will assure your education or hire someone already educated
@@shadowaker6260 forex
Walked into a job interview that turned out to be a pitch for a pyramid scheme. That was infuriating.
How’d you know?
Same thing just happened to me. Another multi-level marketing agency operating under different names that they change every month or so and are virtually untraceable. Luckily I caught it quickly.
Have they ever posed as “Advertising Companies?”
If so, they have probably attempted to get me.
So shady
How about me? Who walked int a date.
The sad part, is this video made a caveat. It said MLM can be legitimate. No. It can't. Just because they haven't been convicted yet, doesn't mean you can't tell people to avoid it. Personal story. Kinesiology degree. High level athleticism. Years of experience working out. Goodlife gym hires me, as long as I complete a certification program, buy books, promise to stay current on the industry, and attend a weekend seminar before starting. After that you get to troll their gyms to try and recruit clients. Catch. Goodlife owns the certification company Can Fit Pro. They own the publishing company for the books. And they profit from the seminar. You are in for 2k before you get the chance to earn.
It's annoying that they target parents who are not educated about this kind of thing. My mom was one of those caught up in this sales scheme. She didn't discuss it with anyone, so no one knew she joined such a program. She spent a lot of money to join, and she believed she would make more money than the capital. This is the third time, my family has told her that it's a scam and it doesn't work. (My mom is a worker so she can spend money when and who she wants). She was even willing to take a pay cut for going into debt to pay for this scam. I even argued with my mom to get her to wake up from this fraudulent sale. Whether she's still doing it or not, I'm tired of arguing with her about this.
"Send this video to 3 people, then encourage them to do the same"
Nice one.
Lmao 🤣
Most adults figured out the scheme by learning from other people's mistake. And the more hands-on people learn by their own mistakes. The remaining ones are just naive and would not learn from this video anyway.
I used the pyramid to destroy the pyramid.
I read that as 'How to start a pyramid scheme'.... 🤣
monisha naren Made me laugh😂
@@shegorivasjego6281 Lol.
And you clicked?!
@@ahab5735 lmfao
*Insta click*
Thank you TED. The video has everything you can know.
I almost fell for one today, it’s amazing how legit this agency seems (Moore Organizations). Always do your research.
Another Red flag:
When your friend who rarely (actually, never) invite u anywhere (especially if it is not your close friend) suddenly invite you for a drink and chill.
They just want to get laid with you
Welcome to the NHK
Welcome to php lol
This just reminded me of a "friend" trying to sign me up for Herbalife. When I told him that was a pyramid scheme he got upset and started with his programed script on how this was not a pyramid scheme 😅
That's sad....but don't you have a go to "script" in your head for about most things you encounter?
So many weird people join mlm sadly
I was cussed out 😂
I lost my best friend to AmWay (scAmWay) and at the was invited to these meetings. At the time I had no clue and went to two more before I realized the fake-happy personalities across the room. I never spent a dime on the BS seminars and I said ✌️
Haven’t told my friend as I think he’ll also become very upset with me if I tell him
My friend asked me to watch a live stream seminar so I can be convinced that it's legit and it was literally the guy giving them a script without officially saying script.
My mother was recruited to a pyramid scheme, not knowing what she was getting into, I too didn’t know it was called a pyramid scheme but I urge her that she should stop doing it because it felt shady, too good to be true
“No barriers to entry” is the dead giveaway.
Red flag : "bro, lets have coffee sometimes, " "are you open-minded?"
No I’m closed minded thank you
When they start the sentence with bro, it's a pyramid scheme
Can relate. Haha.
Pikachu Umbra Oh my gawd the “are you open minded?” Line is so spot on!!
@@ItsCottonie ikr?
One of my friend got caught in an MLM. He was convinced it wasn't a scam and even tried recruiting me. Eventually he blamed himself for not being able to get rich off of it. He now works a regular job
Like he did to begin with. Like you do. I don't call that a "loss".
@@kingoffuzziethieves he lost the money invested to start and he lost his time, i call that a loss.
uwillnevernoewhoiam thats how those predators work, convincing people they have to "work the plan!" So sad.
lmao that happened to my ex as well
Do you remember what the company name is?
My mother once suspected one of her friends was in a pyramid scheme which required presenting to people. She was doing a practice presentation at my house for some banking or money-making thing, whatever. Towards the middle the person with her started taking over and sounded like they were trying to actually sell us something we weren’t interested.
That’s a classic one. Instead of saying, “if you’re interested I’ll give you a presentation” they say “You don’t have to buy it, I just need to practice doing the presentation.” And they are always trying to sell to you.
Hustlers university
“Send this video to three people, and encourage them to do the same”
Idk man... sounds like a pyramid scheme
Except you are not financially burdened to do so, and you're not promised money after spending a certain $$$ just to work.
Jovindio Wieuse ...
That’s exactly the point. Are you brain dead?
Gswaggamer it’s a joke. Are you brain dead?
CallieBestGirl of course!
Hi. Im 14 years old. How do i explain to my parents that what they're being sold is a mlm and a scam?? Bc they believe everything i learn from the internet is wrong
Show this video and lots of news articles about pyramid scheme
@@g0dly1 but they think everything on the internet is wrong
@@tanyagupta3376 hmm newspaper articles then
Tell them about Vemma
Let them learn the hard way then
one more recent thing with advent of social media is info gathering, the more people their ads reach the better, basically selling of info it is and appears free of cost, while they spam your mail
In my country theres this thing called “health insurance” where you can make money by recruiting others to buy insurance. Once in, you need to pay monthly = your recruiter will get fix monthly income from your payment (only for five years fix income at certain percentage, depends on the company). Can it be consider a scheme? But what can i do when the hospital bill becoming expensive each day.
Accidentally clicked on this thinking it was "how to *start* a pyramid scheme"
Lol same
Step one: Start recruiting anyone
Send this video to 3 people that you know now to spread awareness and become your own boss!!
Yes.... "accidentally"
you probably still got the information you were looking for from this video