5 Signs that MLM "Business" Might Be a Pyramid Scheme

Everyone wants to Earn Money through very easy way so he can Get rich quick. That’s why many Multi-Level Marketing or Network Marketing Companies growing in the market. These companies claiming that if anyone Starts work as Part time work and join, they will start earning high Income. 

Do you think is there any work in the world who can pay you millions for part time work. There is no existence of Get-Rich Quick Schemes.

MLM are usually Pyramid Schemes. Many countries of the world banned Pyramid Schemes because they source common men saving and will Disappears after some time.

Network Marketing makes unbelievable promises to trigger your Dreams for Luxurious Lifestyle and Extortion money from you, to make their Dreams come true.

Here I am telling you 5 signs Pyramid Schemes... 

1.Product/Service:

Every Multilevel Marketing company should have product or service. In absence of product/service its illegal Many countries Specially in India. As you can Check Govt. Guidelines: 

If product is not there its a money circulation scheme just type on google “The Prize Chits and Money Circulation Schemes (Banning) Act, 1978” and you will get a lots of results regarding MLM or Network Marketing Guidelines.

2.Pressure to recruit members:

If MLM/Network Marking company pressuring you to recruit more and more members its also sign that its Pyramid Scheme. As you starts asking that how you can Earn, they suggest you and pressure you to add your relatives and friends under you. As the chain will grow you will earn more and more.

3.No Training/ Excess training:

Either they provide no training and asking you to recruit new members, or they only giving you training to how to recruit new members, Both situations are wrong. If they Don’t provide you training then its clear that is Pyramid Scheme.

 And if they training you excess, means they want to sell their educational materials to you like books, DVD,s or tickets of Seminars/meeting. Top management of those companies earn Millions through this. And in this education system, Finally they are teaching you only one thing, “HOW TO RECRUIT MEMBERS”.

4.Illusory Products: 

Pyramid system companies normally introduce Illusory Products to meet out legal Requirements, Like Online magazine, any online course, Facebook Page Promotion package etc... These companies running Pyramid Schemes undercover of Illusory Products. Because these product itself have no value. Kind of free.

Speak Asia was selling Subscription of Online Magazine, Fraud was over 2200 Cr. INR. QNet Scam - Rs. 425/-Cr.,  Stock Guru India Fraud - Rs 500/- Cr.

5.Talking about Dreams: 

Only: If in any company is talking mostly about Drams over and over again it might be a Pyramid Scheme. They don’t have products to talk about, they have only on way strategy that is recruiting new members. So MLM/Network Marketing Companies based on Pyramid Structure, talking about your dreams to motivate you to do so. 

Normally they say “If you want to fulfill your dreams, You should share this opportunity with others, Our motive is, Everybody Make Money, Just share with others this plan and be a Milliner.” With Lots of other Motivational Stories.

If you wanna see these facts on youtube: CLICK HERE