MLM Pyramid Scam: January 2017

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.

Saturday, January 21, 2017

Is Yolo Make It Happen Scam?

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What is Yolo Make It Happen?

Yolo Make It Happen is owned and operated by Gamie Arroyo. It say that their business model is MLM with Binary system and E-commerce store. They offer a website for onine business for only Php300 membership fee starter package. You can also opt for the Ripple Package that cost Php 8,000. Their website works like LAZADA, OLX, Ebay and ALIBABABA in which their affiliate members can make money by selling their products online or other sellers products. They have mixed Multi-level marketing (MLM) in their business since you can also make money by referring sellers or members into their program.

Their payment system are coins.ph, Palawan, Cebuana, Lbc, BDO, Metrobank, BPI, Smart Money, PAYMAYA/GCASH, and Paypal.

How to Make Money on Yolo Make It Happen?

There are Three ways to make money on Yolo Make It Happen.
1. Recruit people - You can make Php 60 for Direct referrals, Php80 for Pairing, the Unilivel is up to 5th level and Matching bonus up to 5th level.
2. Sell your products on their online store
3. Sell other sellers products as an affiliate. You will be the one to set the commission for each sale.

Verdict:

YOLO may have a great business model since there a lot of sellers that want to sell their products and resellers that want to earn commission on those sales. However, again YOLO is concentrating on recruiting as the main driver of income as you can see on their model below and it looks like a pyramid. You need to recruit people in order to make serious cash.

If you check out their online store, it looks pretty basic. You can make a better looking store on Facebook, OLX etc. As for the affiliate selling, how can they sell if the main seller is also selling on YOLO obviously they will have lower prices.

If you check out their website at yolomakeithappen.com the other pages are on wixsite.com which is a free website.

Yes, they do have a DTI permit. But it's really easy to obtain one. Their office address is a residential area: B1 L5 PH Carlton residences, Dita Santa Rosa City Laguna.

Since highly concentrated ang income nila sa pag recruit ng bagong members may pagka Pyramid Scheme eto. You can still give them a chance since they are new they just operated this January 2017, however you will be taking a HUGE RISK!

Is Secret2Sucess Scam?

You would have noticed on Facebook a lot of your friends are offering you to join Secret2Sucess with just small membership fee of P250.

What is Secret2Success?

S2S Secret to Success is an online network marketing business that claims to be a Multi-level marketing (MLM). It was established by the owner Rafael Garcia de Andres last January 7, 2016. It's started operating last February 2016 and it’s still operating today. They boast to have about 1,0000 members that are actively promoting the business on facebook. Each member is allowed to activate up to 31 slots and they have upgrade options.

How to Make Money on Secret2Sucess?

To make money on Secret2Sucess all you need to do is to recruit people. They have 3 ways to earn on their binary system:

1. Direct referral - if you get a referral you will earn Php40 straight on each person that you recruit.

2. Pairing bonus - You will earn Php80 on each pair that will join from your left and right group. Maximum of 12 pairs a day or 960 pesos a day per account. Php65 cash + Php15 pesos product bank which can be use for buying company tangible products (soap/perfume).

3. Sponsorship royalty - you will earn from your downlines.

They will give you a PayMaya ATM Card that offers prepaid loading business with (5-8% discount).

Verdict

It's a clear Pyramid scheme, since a member will need to recruit a lot in order to make money. They do not offer any investments or sale of products or services. Yes, their commision is high with very small entry fee of Php250 however it's not well planned and it won't last long. Once it becomes saturated and you can't refer any more people the pyramid will crumble.

Mostly Yung nag o-offer ng Secret2Success sa Facebook ang ginagamit na panghikayat ay Loading Business. However, hindi sa kanila yun kasama yun sa PayMaya app same 5% to 8% discount. Mag download ka lang ng PayMaya app meron ka na loading business.

https://paymaya.com/shop/

With regards to the soap and perfume, wala akong nakitang soap and perfume na binenta. Yung office nila eh sa bahay lang 3930 ME, Private Lot, Burol lll, DBBC, Dasmariñas, Cavite.

They do have DTI Permit Number 03847812. Madali lang kumuha ng DTI permit.

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Once na wala na sila marecruit na bagong member or bihira na makarecruit babagsak agad and isang pyramiding scheme business. Well, pwede mong sabihin na Php250 lang naman, so paano naman yung effort, kuryente, at oras na ginugol mo sa pag re-recruit ng bagong members.

MLM Pyramid Scam