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The worst business idea for 2024 is a pyramid scheme business. Pyramid schemes are doomed to fail because their success depends on recruiting more people and investors over time. This is not a good business. We must stay away from this I was a victim of it 5 years ago, and I kept on recruiting to balance the system, but people were already aware of its system that is comparable to a scam so I was not able to profit or receive my share. There are only a limited number of people in a certain community so eventually, they collapse. Plus, the only people who make a decent income are those at the top of the pyramid, leaving those at the bottom with scraps.
I remember during the time when l was new with the online earning world, l got scammed multiple times by the scamming pyramidal schemes that l find online for that matter.
I was scammed bu a business like this. I was not able to balance their scheme so I never received a profit. Those I the right ups were the ones enjoying the benefits.
I totally agree with you, Pyramid schemes are alwa6doomed to fail..As you have stated their success depends on recruiting more people and investors over time. This is not a sustainable kind of business
I have had my share of experience with pyramid schemes before in the past and I would not even advice anyone to invest in it. It usually looks promising at the beginning, but it does not last.
A pyramid scheme is like a scam. Only few can reach the quota and no more people to believe you because yourself has not received a gain from that scheme. It's full of lies.
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