Pyramid Schemes-What Are They Really?

| Total Words: 546

Most people (who arent even involved in an online business and therefore have no idea what they are talking about) seem to think that leveraged income is a bad thing.

Isnt that just a pyramid scheme? Thats what theyll say. Ive heard it over and over.

The general (but incorrect) concept of a pyramid scheme is that you sign up, you pay a certain amount of money whether it be a monthly payment or a one time payment, and then you refer other people to this program which makes you money. And then the people that you signed up sign other people up, which also makes you money. Etc etc. This begins to grow quickly into a network of people. Believe me, these programs work and are perfectly legit so long as there is always one simple thing present: a legitimate product.

There absolutely HAS to be something you are getting from the payment(s) you make, whether its access to videos or articles, a website, training courses. Something. If there is no product being sold then this is simply money being exchanged between multiple people and is a complete SCAM. A true pyramid scheme is both a scam, and totally illegal.

Now that we know what a pyramid scheme really is,...

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