Is Project 1024 A Pyramid?
Do You Have A Job?
Ever Had A job?
If So, If You New It Was A Pyramid,
Would You have Turn Your Job Down
99.9% Of All Jobs Are Pyramids
Just Because It Is A Pyramid,
Dose Not Mean It Is Illegal.
Pay Me Forward, Project 1024’s Funding Vehicle Of Choice;
At first glance has similarities to…
- Multi-level Marketing, “MLM”
- Network Marketing
- Even a Pyramid.
Lets Look At MLM
Other terms used for MLM include pyramid selling, network marketing, and referral marketing. According to the US FTC, some MLM companies constitute illegal pyramid schemes which exploit members of the organization.
DEFINITION of ‘Multi-Level Marketing’
A strategy that some direct sales companies use to encourage their existing distributors to recruit new distributors by paying the existing distributors a percentage of their recruits’ sales. The recruits are known as a distributor’s “downline.” All distributors also make money through direct sales of products to customers. Amway is an example of a well-known direct-sales company that uses multi-level marketing.
LADA EXPLAINS ‘Multi-Level Marketing’
Multi-level marketing is a legitimate business strategy, though it is controversial. One problem is that pyramid schemes, which use money from new recruits to pay the people at the top, often take advantage of people by pretending to be engaged in legitimate multi-level marketing. Pyramid schemes can sometimes be spotted by their greater focus on recruitment than on product sales.
What Is A Pyramid Scheme
By definition, all pyramid schemes are illegal business operations seeking to defraud consumers. Pyramid schemes harm consumers by manipulating their sales-force to enrich company leadership at the expense of individual participants.
This is accomplished by compensating members of the sales-force primarily for recruiting new participants; Instead of for selling products and services to customers or purchasing them for personal use.
In fact, pyramids schemes don’t work unless somebody loses. Those at the bottom of the pyramid are essentially defrauded by those at the top. It’s a mathematical fact that no matter how many people join a pyramid scheme, 88 percent of members will be on the bottom level and will lose their money.
Pyramids schemes are illegal because people don’t lose their money due to normal market forces, but because the system requires them to lose so that a few at the top will win.
The answer to the question in the title is NO! Pay Me Forward is not a pyramid.
They Say…The Proof Is In The Pudding
- First, Pay Me Forward is not a MLM company. Pay Me Forward members do utilize network and referral marketing to promote this Pay Me Forward system.
- Pay Me Forward does not collect money from you or your down line members.
- In Pay Me Forward, we receive instant cash payments….this is very powerful…..we do not have to worry about the program admin not paying us…we do not have any admin risks
- There are no monthly fees
- Instant “member to member” cash payments to the payment processors of your choice (Paypal / CASH / BITCOINS / ETC, and therefore zero admin risk
- With a $35 start, and virtually zero risk, as we earn our money back from our 1st referral, all money go from member to member and not to the top of some pyramid.
Pay Me Forward is virtually zero risk, and therefore “easily duplicatable” globally.
- Meaning, the only way you can lose your $35 is not to bring in your two people to help build your business.
- 99.9% of who ever participates will receive money for there project in Pay Me Forward because it is a forced matrix! There is a mandatory requirement to bring in there two members to start the process of receiving money.