Asked by
syed
in
Self Development
at
11:25 PM on February 04, 2008
vinoo's Answer
Chain marketing is one of the well known quick money scams that keeps surfacing regularly. Only very few people who join early make some money and as the chain progresses and more and more people fall prey to the greed of making instant money (without doing anything) the chain suddenly collapses and all the new entrants lose their entire money. If you are willing to sacrifice all your true friends and relatives and cheat them then this scheme is for you. In such schemes the money is collected from each new member and the earlier members get a certain percentage from the collections. Essentially the money collected is not invested nor used for producing/manufacturing and selling any goods or services. In fact a very small portion is rotated to the earlier members while the bulk of money is swindled by the so called benevolent promoter- who will eventually abscond leaving a lot of people high and dry. STAY AWAY FROM SUCH USELESS SCHEMES.
Answered at
4:37 PM on February 05, 2008
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