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

Tuesday, October 24, 2017

Pluggle is Dead


Pluggle is Dead, Pluggle Pyramid Scheme


Pluggle pyramid scheme is officially dead they are done, they are or he is probably thinking of another pyramid scheme to establish after Pluggle. Poor members who have invested their hard earned Php1,000 they will never get it back, well they can always file a complaint and hire a lawyer but for Php1,000 I doubt that will ever happen but they can organize and file a lawsuit together.

On their website https://pluggle.com.ph/, they have posted an announcement that they are officialy closing their affiliate program:

"With this, Pluggle management has decided to discontinue our affiliate program and just continue Pluggle as an advertising website after we deal with the SEC issue."

I feel sorry for those people who invested in Pluggle Pyramid scheme, they will never get their money back. But they should demand it from Pluggle, they should write a Demand Letter asking for their money back. They could also pressure their upline and those who are shamelessly promoting defending Pluggle like
this dude:

Pluggle is Dead, Pluggle Pyramid Scheme




FYI, I didn't search for this video, I just found it in an online forum Bitcoin Talk, they are talking about him since he's a firm defender of Pluggle he even have a large banner on the homepage of Pluggle.
https://bitcointalk.org/index.php?topic=1984198.120












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