Do you consider pyramid scheme as business?

kirubel · Nov 9, 2023

Wikipedia states pyramid scheme as "A pyramid scheme is a business model that recruits members via a promise of payments or services for enrolling others into the scheme, rather than supplying investments or sale of products" in simple word pyramid scheme is when a person collects money from others and promises to double it or add some interest and give them back if they bring another person who would like to invest or give a money to him and those will bring another person and so on.
so do you consider pyramid scheme as a business?

cherry123 · Nov 12, 2023

No it is no business because a lot of them as nothing to sell . So there's no trading here but more of robbing Peter to pay Paul. So there lies the problem.

kirubel · Nov 14, 2023

Yeah it is very hard to consider pyramid scheme but the Wikipedia states it as a business, and so many peoples consider it as a business, and those peoples consider business as a way of money earning way and money making jobs, so yeah personally it is not business for me.

cherry123 · Nov 14, 2023

Yes it is good to find a solid business to do and leave this schemes. A lot of them are just fake so don't bother yourself in engaging in any of them

Fidelia · Nov 14, 2023

Pyramid schemes are dependent on influx of new members for the old members to be paid. When the system has a little breach and doesn't work that way, it all becomes a scam.

kirubel · Nov 14, 2023

cherry123 said:
Yes it is good to find a solid business to do and leave this schemes. A lot of them are just fake so don't bother yourself in engaging in any of them

From day to day there are a lots of new pyramid scheme in my country and a lots of peoples join those pyramid scheme earning options, and after they give their money for the scheme they ask them to invite many peoples in order to withdraw their money,

eldavis · Nov 14, 2023

There are does who might consider it a from of investment rather than a business though but personally i do not consider this a business or a from or low battery. It is not legit and also not a stable source of income.

kirubel · Nov 14, 2023

eldavis said:
There are does who might consider it a from of investment rather than a business though but personally i do not consider this a business or a from or low battery. It is not legit and also not a stable source of income.

I remember when i was in college there was well known pyramid scheme business and m friends invest their money on that pyramid scheme platform and they was trying to convince me to invest by using their referral name but i am glad that i didn't invest because the platform closed now, and many peoples lose money.

Ofonime · Nov 15, 2023

This scheme is never a good scheme it's doesn't work for me it's something which I have tried and loss a lot of money many of it don't just last for days so it's waste of time going for it

kirubel · Nov 16, 2023

Ofonime said:
This scheme is never a good scheme it's doesn't work for me it's something which I have tried and loss a lot of money many of it don't just last for days so it's waste of time going for it

Trying pyramid scheme is a bad business and only the first person who joined the pyramid scheme will get profit and the other users will face challenge even to get back their invested money.

cherry123 · Nov 21, 2023

Pyramid schemes are not advisable. They are always doomed to fail. This is because their success depends on recruiting more people and investors to invest. one need to stay away from them

kirubel · Nov 21, 2023

Yeah investing on pyramid scheme is a risky investment and we may lose our money that we invest on the pyramid scheme, but i know a friends who invest on those and its bit hard, but what if we start the pyramid scheme business will it be profitable?

Stardom22 · Nov 22, 2023

l really don't consider the pyramidal schemes as genuine types of businesses. This is because their progress depends on the influx for the people in the systems whereby the ending is normal not good.

cherry123 · Nov 22, 2023

I don't like pyramid scheme it is risky inma way as it all about them collecting money from others and promises to double it or add some interest for another person. This can't be ideal.

kirubel · Nov 22, 2023

Stardom22 said:
l really don't consider the pyramidal schemes as genuine types of businesses. This is because their progress depends on the influx for the people in the systems whereby the ending is normal not good.

Yeah some peoples including me don't consider pyramid scheme as a business idea, but some peoples are starting the pyramid scheme as a business and they are getting money from it but in order to get money you need to be the person on the top.

cherry123 · Nov 23, 2023

I don't and I know a lot of peoples don't consider pyramid scheme as a business idea, Pyramid scheme truly is nio business and they are risky investment ventures we need to avoid.

HansonU99 · Nov 23, 2023

cherry123 said:
I don't and I know a lot of peoples don't consider pyramid scheme as a business idea, Pyramid scheme truly is nio business and they are risky investment ventures we need to avoid.

It's one of the risky investment which anyone can indulge in pyramid scheme dont just last it's one of those scheme that will come today and go within few days so it's not reliable

deucher · Dec 13, 2023

In my opinion, this is so, because for the people who own this pyramid, it is a job that they do all day, and so many people work with him, and he can also own several sites and even sell them to another owner until the time this project comes to fruition for them. it's definitely a business.

Nite · Dec 13, 2023

Those who initiate pyramid schemes typically position themselves at the top of hierarchy, benefiting from the money collected from new recruits. However, this success is short-lived and unsustainable. As the scheme grows larger, it becomes increasingly difficult to recruit new members, resulting in a collapse that leaves most participants at a loss.

Starmix · Dec 14, 2023

I consider it a busiess because it produces money though not in a legit way. It is synonymous with personal business and the people who manipulate and manage that Ponzi scheme are talented people.

Do you consider pyramid scheme as business?

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