About Entrepreneurs

Author: ivan juras

Make money online! Start making money right now! Earn Cash! Start referring others for massive amounts of money!

You`ve probably come across one of those. Well, pyramid schemes, or better yet, scams, fall into the category.

Pyramid scheme is a business model that promises you will make money by referring other people into the pyramid. When you referr two other members you become the top of that pyramid, and they, the bottom. Whenever you referr other people, you get some money. Whenever they referr someone, you also get a portion of money. This scheme goes from the top of the pyramid, to the bottom. No products are involved here, and of course, you have to pay to join in.

The whole deal with making money with these MLM pyramids is that, while you can make some income (even though not as nearly as close as they say), those pyramids collapse very quickly, and people in the company go bankrupt rapidly. Behind the flashy movies which explain to you how you can start making money right now, showing you flashy new cars that are only waiting for you, behind the so called mathematical principles of MLM pyramids, these systems are very unstable and collapse really quick.

Another thing why you should never join any MLM pyramid schemes is that only the people from the top of the pyramid will make money, if any. So, you`d have singup for a program before other people, which is really hard, since we live in a world where money is everything and people will buy into anything just to make money fast.

Recent studies show that more than 84% of people involved in pyramid schemes will eventually lose money.

However, people often confuse pyramid schemes with Multi Level Marketing (MLM) schemes. While there are simillarities, MLM schemes are a nice way to make money be referring other affiliates to sell the product you`re selling as well. Multi Level marketing is another, legal story, and should not be mixed with pyramid schemes.

Avoid pyramid schemes, as they collapse very quickly, and you can lose alot of money. Instead, search for more secure ways to make money online, like building your own content website, or even building your own business.