Random Jabber

How Many Have to Fall Victim to Pyramid Schemes Before People Smarten Up?

• September 19, 2007 ·
• Filed in Business ·
• 10 Comments

Polish That Turd

Throughout the presentation, the presenter basically covered every single point that outlines what a pyramid scheme is.

• Very excited to be telling us about this great opportunity.
• Little to no information about the company.
• More focused on how much money can be made rather than actually outlining the business model.
• Income depends on enrolling new members to the program.
• Assurances that the business is perfectly legal to participate.

Look, the way I see it is that you can polish a turd all you want but in the end, it’s still a turd.

This opportunity was so focused on the money making potential, that it had no time to explain the business side of it (if there is a business side). The presentation also came with a magazine outlining how much money could be made and had lots of pictures of all the people making millions standing next to their Lexus (yes, you supposedly earn a Lexus after so long).

Next Door Neighbor

What’s interesting about this whole thing is that the company’s corporate headquarters is right here in Lexington, Kentucky. The fact that it’s headquartered is in Lexington isn’t the interesting part though. The interesting part is that this company has been around for seven years, yet it’s “just now becoming popular here in Kentucky.”

I actually noticed this even before the presenter told us that it was just now becoming popular in Kentucky. I was thumbing through the magazine we received while the presentation was going on and it listed all of the multimillionaires around the United States and only one out of the hundred or more in this issue of the magazine was from Kentucky. Now, how in the world can a company be headquartered in Kentucky but have the whole state an untapped market?

Getting Rich Quick Will Get You Every Time

What it boils down to getting rich quick. It’s not just in pyramid schemes either. People are addicted to lottery, casinos, etc., with the idea that they’ll walk in broke and walk out a millionaire. In reality, all they get is more broke. It even happens online. People get into blogging because they see that many bloggers are claiming to make big bucks online so they see it as an easy way to get rich. In reality, that couldn’t be further from the truth (for a lot of us anyway). I say “claiming” to make money because it seems that all you need to do these days to gain a lot of blind followers is claim to make money even when you don’t and you’ll have people hanging on your every word. People are blind to everything else except how much money can be made. They take no notice that maybe the big time bloggers making all the money have been doing it for the last 10 years or so and have put in countless hours perfecting what they do.

Share Your Thoughts

Lucky for me, I’m skeptical of everything like this. Unfortunately for a lot of people they throw caution to the wind and jump head first into these scams.

What are your thoughts? 

If you enjoyed this post, make sure you subscribe to the full RSS feed.

Related Posts

• Retailers: Stop The “Call For Price” Madness Already
• Report: Google to Acquire Earth

Comments

Comment on This Article

Please keep comments clean and on topic.

Your name:

Your e-mail address: (Never Shared)

Website URL:

Comments:

Remember me?

Notify me when someone responds?

Please verify that you are human and not an evil spamming robot.

5-5 is equal to: (1 character(s) required)