Multi-level marketing

Multi-level marketing or better known as MLM is a marketing strategy that makes use of two revenue streams from direct sales of the products they are selling and from the commission that is derived from the sales of recruited team members. This recruited team members is referred to as the participant's "downline", and can provide multiple levels of compensation. Most of the time to become a member the recruits would need to shell out huge about of money as membership fee and initial products to sell.

MLM is also referred as pyramid selling, network marketing, and referral marketing.

Pyramid scheme - is an illegal business model that recruits members who would need to pay a FEE to join with a promise of payments or services for enrolling others into the scheme, it does not offer any investments or sale of products or services. As recruiting multiplies, recruiting becomes saturated and it would be impossible to recruit more, and most members are unable to profit; as such, pyramid schemes are unsustainable and often illegal.

Pyramid scheme or pyramid scam is a quick rich scheme it cannot continue very long.

Multi-level marketing (MLM) is not a Pyramid scheme - if you are engage in MLM make sure that most of the money that you make is based on your sales to the public, if it is it may be a legitimate multilevel marketing plan. If the money you make is based on the number of people you recruit and your sales to them, it is not legitimate and it is a "pyramid scheme" (Pyramid SCAM). Pyramid schemes are illegal, and the vast majority of participants lose money.

Network marketing is a type of business opportunity that is very popular with people looking for part-time, flexible businesses. Some of the best-known companies in the US that engage in network marketing includes Avon, Mary Kay Cosmetics and Tupperware.

nuff

Thursday, October 19, 2017

Coins.ph Issued a Warning Against Pluggle

Pluggle, Pluggle update, Pluggle scam, Pluggle pyramid scam


Pluggle which is a pyramid investment scheme which has recently been warned by the SEC for soliciting investments has another headache. Their main payment method Coins.ph has also issued a warning against them. In a blog post, coins.ph distance themselves to Pluggle and said reiterated that, " Coins.ph does not offer or promote any investment products, and is not affiliated in any way with entities offering such products.  All Coins.ph customers are strongly urged to apply vigilance and avoid participating in get-rich-quick and unlicensed investment schemes.

It’s tempting to believe in get-rich-quick “investment schemes” that offer easy money – especially when your friends talk about it on social media. However, we strongly urge all Coins.ph customers to watch out for schemes that promise large, guaranteed returns quickly. Before you make send money to individuals or companies promoting these services, we urge you to be vigilant and check their legitimacy."

They also said that they have zero tolerance policy on fraud and scamming practices. There are reports from Pluggle members that can no longer use coins.ph to encash. It seems that Pluggle's account have been suspended by Coins.ph.

READ THE FULL POST HERE

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