OK, so with this said, let’s clarify the difference between a pyramid scheme and those other things that people are making money illegally in – especially online. General rule of thumb for a pyramid scheme is this:
1) They do not offer a legitimate product or service, but only a system by which you can participate in to make money.
2) You can buy your way in at the top of the pyramid by just paying more money, and then being about to leap past other participants in the pyramid scheme.
3) You get paid for recruiting and do not derive any income from the actual sale of a product or service.
There is a great deal more information on the subject on the Federal Trade Commission’s Website, but in the meantime, here is a video of a friend and colleague Pat Petrini. If you like it, leave him a note on his YouTube channel and let him know where you saw it at.
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Copyright (c) 2011 S. D. Ward. Used by permission