One of the hottest word correct straight off inwards the Philippines is the pyramiding scam past times Aman Futures. It is rattling controversial because it scammed over fifteen billion pesos from thousands of investors including local authorities officials.What is a pyramiding scam?
Pyramiding or Ponzi system is illegal to most countries, it is a "get rich quick" system inwards which attracts many people to pass their coin too to invest on pyramiding companies.
Its promoter is on locomote past times of the pyramid, too then recruits investor past times promising huge amount of involvement inwards central for their investment. Most of them are sweetness talker and will utter whatsoever sort on bull crap simply to larn your money. The only way to larn your committee is through convincing too recruiting other people to bring together your downwards line, the to a greater extent than y'all recruit the to a greater extent than you will brand money.
Tips to avoid pyramiding scam
I direct maintain hither tips to protect your coin too investment from these pyramiding companies.
1. Beware of its "get rich quick" promise
If it's agents are promising a huge kicking dorsum on your investments, too then y'all should worry because it is a bait from them.
2. Too adept to last true
Besides from the high paychecks they promise, they likewise offering motorcycles, concern too fifty-fifty a machine simply for y'all to invest inwards their company. Another, if they country you, that all y'all involve to produce is invest, too they will produce rest.
3. Don't believe inwards testimonials
Influenza A virus subtype H5N1 pyramiding company will produce all sorts of lies simply to larn coin out of your pocket, too a testimonial is ane of their weapons that is rattling effective on brainwashing people.
4. Background check
If y'all attend its seminar or orientation, brand certain y'all produce your homework too banking concern gibe if its registered or has a license to operate. Check its credibility, innovation, who are the people behind this company, tin they last trusted? are they on stock market? too hence on...
During orientation y'all should enquire these questions to the speaker
- Is in that location a product?
- Are commissions paid on sale of products too non on registration/entry fees?
- Is the intent to sell a production non a position?
- Is in that location no straight correlation betwixt the give away of recruits too compensation?
- If recruitment were to last stopped today, volition the participants nonetheless brand money?
- Is in that location a reasonable production provide policy?
- Do products direct maintain fair marketplace lay value?
- Is in that location a compelling argue to buy?
If the respond to all the questions is YES, too then the society existence evaluated is a legitimate company. But if the respond is NO, too then in that location is a high probability that it is a pyramid scam.
5. Beware of the binary method
Based on the website of DSAP (Direct Selling Association of the Philippines) binary methods are almost similar pyramiding, although it is non illegal, it is against the police of straight selling or network marketing. This method is the "left too right" y'all recruit to your left, too y'all likewise recruit on your right, hence much for selling. Companies similar these focuses to a greater extent than on recruiting rather than selling, hence y'all should beware.
6. No products to sell
Again, pyramiding uses "get rich quick" system to attract people to invest. They hope y'all brand money while y'all sleep.
Influenza A virus subtype H5N1 legitimate networking society needs to direct maintain a production that has the same worth equally your investment. Recruiting should last an OPTION non your agency to brand money, y'all don't likewise earn through recruiting.
7. How stable is this company
Check if it has the capacity to pay commissions, produce a background banking concern gibe on its finances, or other investments. You should know where your coin goes later on y'all invest.
8. Be doubtful if it is similar a cult or religion
I remember when I was recruited past times a networking society dorsum then, it was hence so similar a cult or something, when the speaker talks approximately crap too showtime demonstrating the product, its members together shouts the word "power" too it was hence cheesy, its similar they want to brainwash us or something. I direct maintain cipher against that company, but they uses the binary method which is recruitment based.
9. Ask questions
Before entering a networking society y'all should enquire these questions, if they direct maintain unsure answers too then it mus last a scam.
- Are the rewards y'all direct maintain been promised based on production sales (by either yourself or others y'all innovate to the scheme)?
- Are the products genuine products of existent value, at a reasonable cost too the type of matter that consumers volition desire to purchase fourth dimension too fourth dimension again?
Influenza A virus subtype H5N1 adept networking society ever takes help the involvement of its distributors too customers, too then they should direct maintain a preparation for it. Having self improvements preparation are of import to MLM companies in which pyramiding doesn't have.
Actually I direct maintain a networking concern banking concern gibe out this blog, but I am confident that this is non a pyramiding scam because I checked everything, from its founders, scientists, lineament of the products to the finances, everything close it is stable.
Remember too larn out on inwards heed that in that location is no such matter equally "get rich quick" unless you won the lottery. People y'all run into larn rich inwards networking has worked their butt out, too did it with pure difficult run too perseverance, too an mental attitude non to quit.
For to a greater extent than banking concern gibe out
https://www.igolder.com/glossary/pyramid-scheme/
to banking concern gibe on legitimate companies become to
http://www.dsap.ph/
