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Pyramid Scheme

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I’ve noticed on social media that for every positive post about a business opportunity someone will comment ” is this a pyramid scheme”.  If it was a pyramid scheme, why would the poster tell you; why is that thought the first thing that pops into the posters mind? Perhaps that person had a bad experience and asking that question makes them feel better.    That being said check out this article from the Federal Trade Commission on questions to ask before joining any company.

 

Learn More About the Company

Find — and study — the company’s track record. Do an internet search with the name of the company and words like review, scam or complaint. Look through several pages of search results. You also may want to look for articles about the company in newspapers, magazines, or online. Find out:

  • how long the company has been in business
  • whether it has a positive reputation for customer satisfaction
  • what the buzz is about the company and its product on blogs and websites
  • whether the company has been sued for deceptive business practices

Check with your state Attorney General for complaints about any company you’re considering, although a lack of complaints doesn’t guarantee that a company is legitimate.

Evaluate the Plan

Don’t pay or sign a contract in an “opportunity meeting.” Take your time to think over your decision. Your investment requires real money, so don’t rush into it without doing some research first.  Read more.

 

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