Showing posts with label ponzi scheme. Show all posts
Showing posts with label ponzi scheme. Show all posts

Saturday, April 13, 2013

That Sounds Like A Scam / Pyramid Scheme!

This article goes out to all the entrepreneurs, home business owners, and bravehearts with the tenacity to do something different and follow their dreams!  I would also like to share a little bit of history about a man named Charles Ponzi...


I'm no Charles Ponzi, that much is certain.

I am new to the world of network/referral networking (a.k.a. MLM) but I have been around enough to notice that any time someone has an opportunity they are excited about, there are plenty of naysayers quick to shoot down their dreams.  I have only just started sharing the MCA business opportunity as well as other prospects and products I truly believe in, only to be met with the dreaded response I am sure many of you have heard or said yourselves:

That sounds like a pyramid scheme!

When responding to such a blunt and perhaps caustic claim, there are countless routes one could take.  It's important to note that this superficial, knee-jerk reaction is usually touching upon deeper root issues and questions, such as:
  • Is this company reputable?
  • Should I risk my reputation/friends for this?
  • What is the potential risk versus the reward?
  • How long have they been around/established for?
  • Is it working for you?
  • Can it work for me?
Change is scary so doubt and debunk are the first reactions to claims of "a better way".  These questions are all loaded and perhaps even after addressing them the doubt, fear, and comfort/complacency I have touched upon in other posts would take over.  Even when people know there is a need for great change, they may fear it because at least they are making it, albeit barely scraping by.

Let's look at some facts that could put the pyramid scheme/scam business to bed...