carrieyang

Tianjin, China

Mar 2014

855 Views

Pyramid Sale

or multi-level marketing, is increasingly booming industry although considered as illegal in China. It is a very controversial topic. Many people are addicted to it, wishing to become millionaire even billionaire in a short time, while others hate it and feel disgusted with the people dealing with it. How much do you know about pyramid sale and I would like to know if it is common in your country.

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Comments (16)

Lukeon●Port Elizabeth 6000, Eastern Cape South Africa

Mar 25, 2014●484 Blogs●7,155 Comments

Carrie,
Here we call them 'pyramid schemes'
Many going around and I believe that if you can join the scheme at a early stage you can make good money. Every pyramid works itself dry. I would rather invest in a high risk equity. JMO.

ali110●Hamburg, Germany

Mar 25, 2014●74 Blogs●605 Comments

the only Thing about Pyrimids i know is in Egypt and I like egyptian history and always intend to visit One day

carrieyangOP●Tianjin, China

Mar 25, 2014●7 Blogs●86 Comments

hi, Lukeon. Thanks, you know about it well. I spent a good sum of money buying the products of a certain Chinese brand featuring Chinese herbs. I totally accept the products but am being forced to do the marketing. I know i am not that kind of person. I enjoy having my own leisure time and donot want them to catch me into large or small meetings in the name of earning money!

Hans4711●Blayney, New South Wales Australia

Mar 25, 2014●32 Blogs●2,066 Comments

@ Carrie - We had them here in Australia in the 1960's and 70's but the Australian Competition and Consumer Commission soon put a stop to them....

carrieyangOP●Tianjin, China

Mar 25, 2014●7 Blogs●86 Comments

hi Ali. It seems you do not know about pyramid marketing. It is not that pyramid in Egypt. It is a kind of sale or marketing method called pyramid. In this system, somebody sells you the products(normally very expensive)and introduces you to become a salesclerk, then you do the same thing and it forms a multi-level pattern, on which people get bonus at different levels.

Hans4711●Blayney, New South Wales Australia

Mar 25, 2014●32 Blogs●2,066 Comments

@ Carrie - A true pyramid scheme that I mentioned does not use any products, it's done with money eg:

I get 3 people to join at $1,000 each, then I pay $500 from each to the person above me and keep the same from each for my self. I can get more to join and get my share from each person that I have joined and got others to join as well... etc

We have a company called Amway that has been accused of being a pyramid scheme but that is not correct because they have products as well as bonus schemes....

Lukeon●Port Elizabeth 6000, Eastern Cape South Africa

Mar 25, 2014●484 Blogs●7,155 Comments

@ Hans,, They found R2 billion worth of drugs in a house here. No arrests. So here anything goes... God help us.

Hans4711●Blayney, New South Wales Australia

Mar 25, 2014●32 Blogs●2,066 Comments

@ LukeOn -

Now that your invetory is gone what are you going to do for cash, Mate....

...

carrieyangOP●Tianjin, China

Mar 25, 2014●7 Blogs●86 Comments

hi hans. A few years ago, Chinese government also put an stop to pyramid sale. It worked for a period of time but many brands, foreigh and local are doing it again. They call it direct sale in order not to be caught by law.

Lukeon●Port Elizabeth 6000, Eastern Cape South Africa

Mar 25, 2014●484 Blogs●7,155 Comments

Got two factories in reserve...

carrieyangOP●Tianjin, China

Mar 25, 2014●7 Blogs●86 Comments

Hans, we in China have two kinds of pyramid sale. One is the same as you said, just money and no products. The other is with products but very expensive. Amway was the biggest company of pyramid sale in China. Almost everyone knows it but now its business is shrinking. Other brands are catching up with it.

Smartassss●Jakarta, Indonesia

Mar 25, 2014●102 Blogs●2,184 Comments

yes Carrie, market segment is like pyramid...
the quality and price will determine the quantity which is building the pyramid itself.
low quality and cheap price will be in bottom part of pyramid and in top of course the best quality with expensive price.

I like to buy something in between... but not from MLM..

Lukeon●Port Elizabeth 6000, Eastern Cape South Africa

Mar 25, 2014●484 Blogs●7,155 Comments

Similar to 'Tupperware' parties here... where the ladies (and men) sell and promote the packages/items..

Ed1941●Bullhead City,, Arizona USA

Mar 25, 2014●151 Blogs●4,758 Comments

I'm just a single irresponsible man splashed with lots of lazy!!

No buying, selling, having a party to induce buying and joining for me. I buy my things at the 99 cents store because everything costs 99.9 cents and I am perfectly happy!

Lurking2Post●Connaught, Roscommon Ireland

Mar 25, 2014

Pyramid selling is illegal here and in many other countries and rightly so. It is not to be confused with multi-level marketing MLM which is a direct selling method for some goods and services. Any worthwhile MLM companies are members of voluntary or regulatory bodies such as the Direct Selling Association (DSA) in the UK and abide by acceptable codes of practice.

carrieyangOP●Tianjin, China

Mar 26, 2014●7 Blogs●86 Comments

No. You can start it.

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carrieyang

carrieyang

Tianjin, China

I cherish life and every moment together with friends and my future love. I have a sweet and loving heart. I love animals, so please, no hunting. I love tourism although there has been hardly any chance. Do you want to take me anywhere to help me mak [read more]

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created Mar 2014

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