#businesstrap

[siennachristine-monat]

The look I want to give them when they tell me it’s a pyramid scheme. 😒 I feel like there’s a lot of misunderstanding about the topic of pyramid schemes, so let’s dig into some facts about what they really are. Fact 1: Money is made by recruiting new participants, often called “investors.” 2: There are typically no actual products or services being sold. 3: A high return on the investment is promised to happen in a short amount of time. 4: The name pyramid comes from the fact that each level has an increasing amount of investors. 5: If there are products, you are pressured or required to order products consistently. This results in a huge inventory that is impossible to sell. 6: If there are perks (lavish rewards, expensive cars, major trips, etc.) only a SMALL percentage of members ever qualify. 7: They are unsustainable and collapse eventually. 8: Ultimately, they are illegal in the United States. When questioning if something is a pyramid scheme, ask these questions: • 𝘊𝘢𝘯 𝘮𝘰𝘯𝘦𝘺 𝘣𝘦 𝘮𝘢𝘥𝘦 ��𝘺 𝘴𝘦𝘭𝘭𝘪𝘯𝘨 𝘱𝘳𝘰𝘥𝘶𝘤𝘵𝘴? A company that is based mostly or entirely on recruitment is a pyramid scheme. • 𝘈𝘳𝘦 𝘱𝘳𝘰𝘮𝘰𝘵𝘰𝘳𝘴 𝘗𝘙𝘖𝘔𝘐𝘚𝘐𝘕𝘎 𝘢 𝘩𝘪𝘨𝘩 𝘦𝘢𝘳𝘯𝘪𝘯𝘨 𝘱𝘰𝘵𝘦𝘯𝘵𝘪𝘢𝘭? These promises are false and don’t comply with FTC guidelines. • 𝘋𝘰 𝘱𝘳𝘰𝘮𝘰𝘵𝘦𝘳𝘴 𝘥𝘪𝘴𝘤𝘰𝘶𝘳𝘢𝘨𝘦 𝘺𝘰𝘶 𝘧𝘳𝘰𝘮 𝘳𝘦𝘴𝘦𝘢𝘳𝘤𝘩𝘪𝘯𝘨 𝘵𝘩𝘦 𝘤𝘰𝘮𝘱𝘢𝘯𝘺? Run; that’s sketchy. Always do your research. • 𝘈𝘳𝘦 𝘵𝘩𝘦𝘳𝘦 𝘦𝘹𝘵𝘦𝘯𝘴𝘪𝘷𝘦 𝘱𝘶𝘳𝘤𝘩𝘢𝘴𝘪𝘯𝘨 𝘳𝘦𝘲𝘶𝘪𝘳𝘦𝘮𝘦𝘯𝘵𝘴 𝘧𝘰𝘳 𝘮𝘦𝘮𝘣𝘦𝘳𝘴 𝘵𝘰 𝘴𝘵𝘢𝘺 𝘢𝘤𝘵𝘪𝘷𝘦? This will result in a massive inventory. Don’t waste your money. • 𝘐𝘴 𝘵𝘩𝘦 𝘤𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯 𝘴𝘵𝘳𝘶𝘤𝘵𝘶𝘳𝘦 𝘦𝘢𝘴𝘺 𝘵𝘰 𝘶𝘯𝘥𝘦𝘳𝘴𝘵𝘢𝘯𝘥? Pyramid schemes often have confusing and complex commission systems. Make sure you know exactly how you can earn money. (Sources: consumer.FTC.gov, investor.gov, ag.my.gov) #pyramidscheme #bustingpyramidschemes #antipyramidscheme #businesstrap #businesstoavoid #mlmvspyramidscheme #mlmsarentascheme #scheme #ftcregulations #bustingmyths #factsofbusiness #pyramidschemefacts #startabusiness #findyourfit (at Minnesota) https://www.instagram.com/p/CGf_PtSB0Cz/?igshid=o20uqasxj1ou