🌱 How to spot a pyramid scheme
Be cautions of:
- recruitment
- being forced to report a good experience before you making a profit.
- time pressure
- payment to be required to sell products
Exponential expansion is what makes these schemes unsustainable.
A pyramid scheme is money funneling up to the founder
A Ponzi scheme is money money around a group from new members through founder to old members.
A multi level marketing is a pyramid scheme hidden behind product.
They prey on tight nit groups like churches.
Reason victims don’t want to admit they were involved:
- they are embarrassed into silence
- they blame themselves
- they continue to try new MLMs