How to spot a Pyramid Scheme
Opportunity or Scam?
Many new Online Marketers are not aware of the fact that pyramid schemes are illegal. To add injury to insult, the majority of people who spend money on a pyramid scheme end up with losses. The damaged reputation is free.
Most pyramid schemes are pretty good at motivating you to annoy and bug everyone around you - starting with your friends and family.
Pyramid schemes used to collapse latest after 2-3 years. With the speed information spreads over the internet, they tend to collapse way faster nowadays. Sometimes from intervention by the government, most often because they are not able to generate new "customers" once the word of the scam goes around.
Only a few people on top of the pyramid make money. Not by selling products to end customer or businesses, but by fooling you with a vision of unlimited income.
Some forms of Multilevel Marketing are legit (if you are into that which I am not) but it can be hard to spot which is which.