As we prepare to go into the weekend let’s get a few things straight. Knowledge is power.
A lot of people have been sucked in this blackhole of pyramid schemes.
I have seen one where someone is encouraged to invest $100 rtgs then get $600 rtgs in 30 minutes.
I mean come on
If you make an investment and you want 300% profit in a few minutes you are lazy and greedy.
What is a pyramid scheme?
A pyramid scheme is a fraudulent system of making money based on recruiting an ever-increasing number of “investors.” The initial promoters recruit investors, who in turn recruit more investors, and so on.
Characteristics of a Pyramid Scheme.
● requires money to join.
● there are no particular products being sold. (sometimes they are, but you can’t trace them to the original investor )
●You have to recruit more members to earn.
Why do pyramid schemes fail.
● not everyone is intrested in investing, as soon as investors stop bringing other investors it collapses.
● The promised returns are quick and many but when reality sets in every investor will try to get their investment and jump ship.
Why Shouldn’t you invest in a pyramid scheme ?
■ For obvious reasons (loss of money )
■ If you are a business person who is serious you would want to invest in a business that has a future. A business that will be available for generations to come.
Why do people invest in pyramid schemes?
■ Peer pressure
◇ Laziness
☆ greediness
○ Quick returns to solve pending problems.
The only way to get rich is to work for it.
No rich person will ever tell you how to get rich unless you are his way to riches.
Trade carefully.
I have business ideas that need $0 to start only your efforts.
enrollment for online business class starts now
$5 usd for 28 days.
We use zoom and whatsApp.
Invest in your future.
Besides advertising your zoom classes what do you suggest people do in this lockdown? I know you wont publish my comment but we could do better with solutions than these reviewa that leave the poor still poor.
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If you took a moment to go through the blog you would see that they are many posts with business ideas. Unlike you I’m not a coward I will publish your comment 🤣🤣 How does it feel to lack the balls, to troll in the shadows. Look around you might find something helpful.
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I like that more bloggers are taking on this subject, thank you
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