Pyramid schemes are fake business opportunities

1. Pyramid Schemes
Pyramid schemes are the scams dependent uponPyramid schemes are the scams dependent upon
bogus or unsustainable business modelsbogus or unsustainable business models

2. Building a business requires thoroughness, time, and a lot of mishaps
and breakthroughs here and there. In the recent times, there have been
a number of ‘business opportunities’ mushrooming up and one often
fails to understand their legitimacy because of the kaleidoscopic nature
of their appearance. At one point, the business venture, business group
or the company seems to be legit because (1) it’s being endorsed by
some individuals you trust, (2) some of your friends are officials the
particular entity and (3) it sells products you’re familiar with. Of
course, it is important for you to avoid joining some schemes that may
end up hurting you.

3. Here are some of the things to help you
identify a pyramid scheme.
You only make when you sign up other people
The scheme involves selling goods/services of little
value, for example, goods which only promote the
scheme such as information booklets
There will be an upfront joining fee or large initial
investment
You're asked to sell goods or services through
franchisees or sub-distributors

4. Warning!
When a deal is too good or something looks tooWhen a deal is too good or something looks too
good, watch out. It may be a scam.good, watch out. It may be a scam.