Tuesday, 20 May 2014

Spotting a pyramid scheme can sometimes be very easy

Sometimes it's obvious.

The following ad was posted on Facebook. I was suspicious when they felt it necessary to say "(NOT MLM)" in the very first line of the advertisement.

Once you click the link and visit their web site it becomes very clear very quickly. They describe themselves like this:
Smart Media is a world-class technology company that has developed proprietary technology called "Your Own Branded Social Network" (YOBSN) which is set to revolutionise the Internet world.
The language they use is pure MLMspeak, or perhaps even Pyramidspeak:
Key elements of Team Commissions:
  • Everyone has 2 teams
  • You can qualify to earn up to $50K per week!
  • Paid to unlimited depth, no matter who makes the sale
  • Encourages leaders to work in depth with their teams
  • No reduced percentages on lower levels
  • No leadership levels to attain
  • No flushing of points
Team Qualifications:
  • All members are placed in the team tree
  • Only Reps can earn team commissions
  • Personally sponsor 2 Active Reps - place one on each team
  • Remain active with a monthly subscription
  • In the image below you have personally sponsored Tim and Ann
And then there's the big clue. The picture they publish that explains everything so very clearly.

Don't waste your time and money.

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