Pyramid schemes...

Discussion in 'The Mainboard' started by Volholic16, Nov 18, 2010.

  1. Volholic16

    Volholic16 Well-Known Member
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    Was eating with a good friend of mine the other night and he started talking about this insurance/finance thing he's doing part-time on the side. The company's called Primerica.

    Anyway, he starts telling me about how it works and how if he gets a couple people to start selling the stuff that he would get paid off of it. So I say, "So, it's a pyramid scheme?" And he says, "No, it's not one of those schemes." I just laughed and then :facepalm:. The kid can usually smell bullshit from a mile away, but apparently can't on this one.

    Any of you got buddies/family members that tried to sell you on pyramid scheme?

    Pyramid Scheme "The Office" Michael Scott
     
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  2. ColeTrickle

    ColeTrickle tmb scares me to death
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    Primerica is a joke. They called me non stop after I graduated.
     
  3. Volholic16

    Volholic16 Well-Known Member
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    That's pretty much what I told him.
     
  4. rainey

    rainey Good Ebening

    HAHA that company is a joke.
     
  5. RO

    RO Half the Man StinkeePinkee is, literally.
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    Sounds exactly like Amway which is essentially a legal pyramid scheme in and of itself.
     
  6. Volholic16

    Volholic16 Well-Known Member
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    Forgot the best part. He said the dude that told him about it does it full-time and makes over 500k a year. What a dumbass.
     
  7. ColeTrickle

    ColeTrickle tmb scares me to death
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    I asked the guy who called me what the company did and he just said we're a "financial" company. Haha ok...
     
  8. Mr. Bean

    Mr. Bean Well-Known Member

    had a few friends/acquaintances try to sell me on Eiro research. I think its gotten pretty big in VA. it is a pyramid scheme but is legal because of a loophole. and their products are horrible too. basically what they tried to sell me on is a "liquid vitamin supplement" and basically they said "why would you want to take a vitamin pill when you can have it in a can?' i was like huh?
     
  9. Volholic16

    Volholic16 Well-Known Member
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    That's retarded. My friend couldn't even really tell me what it was. He basically just said it was a financial company like ColeTrickle said. People really are stupid.
     
  10. bigjrock

    bigjrock Pillsbury Geauxboy
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    My freshman year of college some guy tried to recruit me. I went to one of their meetings, sat their for an hour and learned NOTHING about the actual products, just about recruiting more people underneath me. I kind of felt sorry for the grown folks who seemed to really be getting into it.
     
  11. mb711

    mb711 West Coast Barner
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    Yeah, that stuff is multi level marketing(basically the same as a pyramid scheme). In alot of these deals if you get in at the start you can make a ton of money, most people don't make shit.
     
  12. EdNigma

    EdNigma where my green boards bros at?
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    had a guy at the airport try to sell me on this once
     
  13. TheDarkWingDuck

    TheDarkWingDuck New Member

    Know two people who got into Amway. Tried telling them it was a scam and they insisted it wasnt and well I am not too sure if they are still doing it but seeing them soo excited about it and such made me a sad panda.
     
  14. Arkadin

    Arkadin inefficiently efficent and unclearly clear
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    wasnt there someone on here whose mom was trying to get deangelo williams and his friend in on a pyramid scheme
     
  15. Keywan1472

    Keywan1472 Here for the ride

    yeah that shit was hilarious when he gave her the napkin with his name on it and told her to go home and google it.
     
  16. Volholic16

    Volholic16 Well-Known Member
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    I remember this
     
  17. Mr. Rager

    Mr. Rager Active Member

    I was shopping at the mall once and this guy saw my PSU shirt and started talking to me about college and then tried to sell me on some scheme involving energy drinks.
     
  18. ths

    ths Moderator
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    A good friend of mine took me to this sales meeting for advocare health stuff a few weeks back. He swore it wasn't a pyramid scheme then when I get there they start telling me you give an initial investment of 2k and you are guaranteed to not lose money. I'm like wtf, if I give you 2k, that's a fucking loss? Basically they said you recruit other people to sell, and you make money off everything you sell and a percentage of their sales. I was thinking that's the definition of a pyramid the entire time. Made me sad.
     
  19. Dirt Dirt McGirt

    Dirt Dirt McGirt Dirtin for Certain
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    I went to what I thought was a legit company looking for college kids for some work hours, turned out it was some vacation selling pyramid scheme. The people were telling us about how much money they were making and how they quit their other jobs and dropped out of college to do it full-time.

    :facepalm: x10000
     
  20. Mr. Rager

    Mr. Rager Active Member

    If you get in early on a pyramid scheme, they can actually be lucrative.
     
  21. Keywan1472

    Keywan1472 Here for the ride

    yeah but the chances of that are very slim
     
  22. rainey

    rainey Good Ebening

    If you START a pyramid scheme, they can be lucrative.
     
  23. Mr. Bean

    Mr. Bean Well-Known Member

    this is exactly how i felt. FWIW Fork Union Military Academy's head coach is an "associate" in this scheme LOL
     
  24. Chewie

    Chewie Gggggaaaaaaarrrrr
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    Pyramid schemes do work depending on the company but it's so fucking much work at first that it takes forever for it to start being profitable and almost everyone becomes impatient and quits.
     
  25. Volholic16

    Volholic16 Well-Known Member
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    I always say to myself that I'll never take job where I have to try and sell stuff to my friends.
     
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  26. Volholic16

    Volholic16 Well-Known Member
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    Here is a text I just got from said buddy about two minutes ago:

    "You should debate looking into what I'm doing. I'm getting a $500 bonus next Tuesday."
     
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  27. Lionel Hutz Esq.

    Lionel Hutz Esq. Works on contingency? No, Money down!
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    [​IMG]

    also anything Jay Barker is involved in
     
  28. OhioHoo

    OhioHoo Other than that Mrs. Lincoln, how was the play?
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    There's nothing illegal about pyramid schemes, and yes they can be lucrative, but you have to work your ass off. It's a sales job where most of the time your entire salary is commission based and you get commissions from referrals and that's how you make your money. What is illegal is a ponzi scheme which is where you have people "invest" money with you and instead of actually investing the money, you pay people who had previously invested and it just snow balls from there with people thinking they're actually making money when they are actually just getting someone elses money that is being told is a return on the investment.
     
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  29. prerecordedlive

    prerecordedlive Matthew Gertz is my real Congressman
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    I've gotten my fair share of calls from these dickholes. If they don't tell me what I'd be doing specifically, I'll just hang up. I did call fsu's career center and file complaints. They are fucking stupid to let those companies onto a college campus.
     
  30. Arkadin

    Arkadin inefficiently efficent and unclearly clear
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    I agree prerecorded. I always get these emails for part time summerwork making '6-8k a summer at a new and exciting job!'

    They let them speak at the business school and shit to recruit people. Its an obvious pyramid scheme from a fucking mile away.
     
  31. 47 straight

    47 straight In Russ We Trust
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    Was it "WORLD VENTURES"? My brother is sucked into this and he refuses to listen to me when I tell him it's all bullshit. Apparently the #2 earner in all the company is the guy who got him involved. That guy supposedly makes over $200k on monthly residuals. I told me broseph that if that mother fucker makes that kinda money and tells you about it that he won't mind showing you his tax returns.

    Of course, my brother gets defensive and just calls me a "know it all"... :feelsbadman:
     
  32. DutchTiger

    DutchTiger Well-Known Member
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    Man. I just got done doing a Pyramid Scheme.

    Got a letter in the mail about 4 years ago saying "Pay us $20k per year and in 4 years, you'll earn $40k per year".
    Well guess what?! I took the bait and haven't seen a dime on my investment! They gave me a piece of paper that even said "B.S." on it.
     
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  33. TC

    TC Harvey Updyke: Eco-Terrorist
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    Nobody has mentioned BurnLounge yet????????

    Had two different RELATIVES try to get me into this shit, plus one of our former star RBs and current play by play announcer got in trouble for their role in it. The RB guy (Rob DeBoer) was one of the people at the very top of the scheme nationwide.

    http://en.wikipedia.org/wiki/Burnlounge

    From my understanding, what determines whether it is legal or not is if there are actual products sold and they make up a substantial portion of revenue, or whether the whole business model is based on signing up new people. The latter is illegal because inevitably there are eventually no new people to sign up and everyone who just got in gets fucked.
     
  34. TC

    TC Harvey Updyke: Eco-Terrorist
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    That's what you get for going to a shit-tier school :awesomeface:

    But seriously, that was sort of funny. I chuckled inside.
     
  35. Beemer

    Beemer Blackshirts.
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    milti level marketing /= pyramid scheme fwiw. but its still gay
     
  36. Beemer

    Beemer Blackshirts.
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    not sure if serious
     
  37. Dukes

    Dukes flying ain't nothing just fallin' with style
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    Friend of mine keeps trying to get me to come to a presentation to work for Xango (sp?) juice. The thing is, you don't sell the juice at all. All you do is try to recruit people under you who then recruit under them. You make so much money a month off of the people under you. You have to pay around 100 bucks a month and they give you 3 cartons of juice or something. I told him it was a pyramid scheme and he said it wasn't and I'll be mad when he's making 8K a month by February.
     
  38. HuskerInMiami

    HuskerInMiami Well-Known Member
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    I have a couple neighbors that sell Arbon. Both husbands have since quit their jobs and just ride around on 4-wheelers and golf all day. Their wives travel around the US and give speeches about how to sell Arbon to massive crowds(15,000+).

    Tim(neighbor) said his wife makes more in a month now than he used to make and they seemed to have quite a bit of money before. Said his life is amazing now though because he just hangs out with his 2 boys or golfs all the time.

    I'm assuming both of their wives( I know one family way better) got in the scheme way early.
     
  39. 47 straight

    47 straight In Russ We Trust
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    That's what my brother told me.
     
  40. HuskerInMiami

    HuskerInMiami Well-Known Member
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    Forgot about this. I got offered to join this, I'm almost positive, in highschool. I knew it was a pyramid scheme, but figured I'd see what it was all about. After they asked me for 20 people in my cell phones # I decided it was a scam. They claimed Michael Phelps used it when he trains and stuff. We met at a Mcdonalds and at least I got a free meal out of it.
     
  41. mb711

    mb711 West Coast Barner
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    Definition of wining and dining.
     
  42. Fuzzy Zoeller

    Fuzzy Zoeller College football > NFL

    One of my buddies that I've known since elementary school is involved in World Ventures. At the end of our fantasy football draft in August he stopped us all down to show us their video and try to get us in. Me and a couple of my friends were all :welpseeyalater: after it was over. Shit makes me uncomfortable.

    The best part was, the phone number on his card only had six digits. So legitimate and professional. :facepalm:
     
  43. Cookie_Monster

    Cookie_Monster Cooooookies

    Amway isn't a pyramid scheme
     
  44. devine

    devine Tmb’s resident bad boy
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    It works is a period scheme right?
     
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  45. Bruce Wayne

    Bruce Wayne Billionaire Playboy
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    Any of those "businesses" you see girls plugging on Facebook so they can avoid getting real jobs are pyramid schemes
     
  46. Volholic16

    Volholic16 Well-Known Member
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    damn this thread is old. I ended up telling the guy that if he was still selling it a year from when he started that I'd talk to him about it then. He quit about 2 months later if I recall corrrectly. The guy is king of making a quick buck.
     
  47. SmoochieWallace

    SmoochieWallace Ipse dixit
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    It depends. If a person's compensation is based overwhelming on recruiting others to join the company instead of actual retail sales, then the FTC considers the company to be a pyramid scheme. In a pyramid scheme, the company may "sell" a product, but the majority of the sales would be made "downline" to lower people in the company/new recruits. If a company has no legitimate retail demand for its products, members get stuck with massive inventories of product.
     
    #49 SmoochieWallace, Apr 14, 2017
    Last edited: Apr 14, 2017
  48. Why?Pokes

    Why?Pokes Surf Wyoming
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    So...guys.......how those sales coming along?