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Stats: 2,637,890 members, 6,170,866 topics. Date: Friday, 26 February 2021 at 04:55 PM
|Re: Why Are Nigerians Scared Of G.N.L.D by Nobody: 2:18pm On Aug 06, 2015|
Honestly, they sound like a pyramid scheme.
|Re: Why Are Nigerians Scared Of G.N.L.D by gagzee(m): 2:25pm On Aug 06, 2015|
Ayolaw2003:yea, its basically just to get ppl's attention, coz only mentioning gnld freaks ppl out and making them nt to get full info abt wat d biz is abt
|Re: Why Are Nigerians Scared Of G.N.L.D by gagzee(m): 2:25pm On Aug 06, 2015|
Velocitron:its not my dear
|Re: Why Are Nigerians Scared Of G.N.L.D by Toks2008(m): 2:28pm On Aug 06, 2015|
Yes i perfectly do.
Some people have argued that all mlm programs are pyramid but this is not true.
A pyramid is a network structure that selfishly leverage on the efforts of referrals in such a way that no matter how hard working they are,they will never ever earn more than the person who enrolled them.
So lets look at the golden circle system.
-I enroll with 54 euro with a form i get from my sponsor and i give him/her 18euro in local currency equivalent.
-I get 3 friends to sign up and i get back my initial invested 54euro in full.
So will this make me earn more than the 3 people i just enrolled?NO.
You may sign up 3 people and each of these 3 may sign up 1 person each while that 1 person may sign up 3 people and the 3 sign up complete 3 people each and this automatically earns him more money than you.
See friend,networking is like sowing and reaping but the idea is to have a reasonable harvest.
Some people think that every3 you get will get 3 and it goes on and on like that but this will likely never happen but the idea is that no matter how random your growth may be, within a year you would have earned something worthwhile to do something reasonable and that is the aim.
|Re: Why Are Nigerians Scared Of G.N.L.D by gagzee(m): 2:31pm On Aug 06, 2015|
neocortex:bros network marketing aint pyramid scheme...
its those that are into ponzi scheme dt use dat ish...
|Re: Why Are Nigerians Scared Of G.N.L.D by Toks2008(m): 2:33pm On Aug 06, 2015|
Yes thats what it feels like from afar but when you understand it you will realize that they are very far from pyramid.
Just like the explanation i made on my signature page, many people think they will actually have their growth so smooth like
Meanwhile for the first year after joining it may actually never go beyond
But you know the good news, even with your growth as poor as the second illustration, within a year you could still earn over 3000euro out of the expected 25,000euro plus so please tell me if 4,000euro is not good enough for any reasonable person to plan a goos investment with.
|Re: Why Are Nigerians Scared Of G.N.L.D by gagzee(m): 2:33pm On Aug 06, 2015|
Toks2008:Godbless you brother...dnt know why they keep taking like network marketing is ponzi scheme
|Re: Why Are Nigerians Scared Of G.N.L.D by gagzee(m): 2:37pm On Aug 06, 2015|
OLUWAFUNMISE:yes food suplement here in nigeria...and dey are lots of them, ppl aint just aware
|Re: Why Are Nigerians Scared Of G.N.L.D by Toks2008(m): 2:37pm On Aug 06, 2015|
Nigerians need enlightenment.
Do you know that in 1998 when we were marketing GNLD some Nigerians called it end time business? LOL! honestly Nigerians ned to understand so many stuffs about MLM. Its never a make money quick thing but it takes time for you to grow.
While in United states, people grow in GNLD to a diamond level in 20years but in Nigeria they want to get there in 1 year habba.
|Re: Why Are Nigerians Scared Of G.N.L.D by SylarsMcQuins: 3:24pm On Aug 06, 2015|
Ehen, tell me about it
|Re: Why Are Nigerians Scared Of G.N.L.D by SylarsMcQuins: 3:27pm On Aug 06, 2015|
Tell dem, dey don't knw
|Re: Why Are Nigerians Scared Of G.N.L.D by brightersms(m): 3:47pm On Aug 06, 2015|
Am not sure u know DBS
|Re: Why Are Nigerians Scared Of G.N.L.D by SylarsMcQuins: 4:10pm On Aug 06, 2015|
BetaAge consult invites U for interview by 9am on Fri,7/8/15 at 2,Esther Oshiyemi St,beside Ilupeju Sec.Schl,Ilupeju,Oshodi,Lagos. Info:09098099441
|Re: Why Are Nigerians Scared Of G.N.L.D by cecegorz(m): 4:27pm On Aug 06, 2015|
And I repeat, the business you introduced here is a first degree illegal PONZI SCHEME!
You can't compare isusu to your's in any way. In Isusu thrift, everybody collects the SAME amount saved, at the end of the whole cycle, and nobody is under obligation to sign up other contributors as a pre-requisite to earning anything.
I asked you, what happens to my money if I don't get 3 more people to sign up?
I have personally done tons of MLM/Ponzi/Wonder banks investments. I have earned money as much as I've lost in all of them, and I tell you, it is what it is.
Any non-money market investment where you just pay in more and had to rely on recruiting other people to do the same, with no value proposition in terms of product or service delivered in order to keep the wheels rolling is a PONZI SCHEME
|Re: Why Are Nigerians Scared Of G.N.L.D by Nobody: 4:48pm On Aug 06, 2015|
If need be, I go to buy at a Point. Would I hope/wait on some marketer to come persuade me buy what I need? @SylarsMcqins
|Re: Why Are Nigerians Scared Of G.N.L.D by Toks2008(m): 4:49pm On Aug 06, 2015|
You just missed it again
|Re: Why Are Nigerians Scared Of G.N.L.D by Toks2008(m): 5:01pm On Aug 06, 2015|
You just missed it again and apparently you don't even have a clue of what a PONZI is so save yourself the embarrassment of hammering on that word.i would really advice that you get a little bit more articulate when you write and les confrontational.
Nobody is pointing a gun at you to sign up and its basically your choice but when you write to counter an issue do so rationally and intellectually.
Having written all these i will still want you to know that it is not what you think at all and just like in every business even in the regular business,you can never remove the risk factor but you kept hammering on the reverse possibility which of-course applies to every thing including life.
In any form of investment we embark upon there is always the risk factor.
People borrow money in banks to invest and they lose all the money.
People open up shops and outlets just to close up latter
In-fact life itself is risk so you hammering on the fact that what if you don't get anyone is not only retrogressive but very pessimistic and negative. And the best response is if you aree the type with the mindset that you can never even refer at least one person PLEASE KEEP OFF OK.
People who have a positive mentality take risk and they are ok with it. As an online fx expert i have sen people invest good money and they lost it due to personal errors so please stop bothering me about this rhetorical question of what if you dont get anyone to sign up.
You go out to look for a job and i wonder why not sit at home because what is the possibility that you will get a job even if you trek the whole country.
Dude i can not continue to argue ceaselessly, people who have excelled in life don't ask retrogressive questions, they make a move. When i joined i saw an opportunity and i did not waste my time asking negative questions.
If you join with 54euro and you are unable to refer anyone at least to get 1/3,2/3 ore all your 54euro back then you have successfully donated 54euro into the lives of 7people and if you are not philanthropic enough to have that mindset,i repeat,please keep off.
People who even gamble or play lotto do so with a positive mindset even when they know they may lose how much more a program that is neither gambling or try your luck so my brother abeg,if you are negative about your ability to sign up at least one person just forget about it.
And lastly YES it is indeed a cooperative program designed in another mode and not necessarily have to follow the conventional thrift you know.That is called innovation.
|Re: Why Are Nigerians Scared Of G.N.L.D by Toks2008(m): 5:34pm On Aug 06, 2015|
What is a Ponzi or pyramid scheme?
Scam in which gullible public is enticed with the promise of very high returns in a very short time, but is based on paying off the early 'investors' from the cash from (hopefully ever increasing number of) new 'investors.' The whole structure collapses when the cash outflow exceeds the cash inflow. The originators of the scheme, however, usually disappear with large sums a few days before the crash. Named after Charles Ponzi (1882-1949), an Italian immigrant to the US who, during 1919-20 collected more than fifteen million dollars from some 40,000 eager people by promising to double their investment in 90 days.
Ok with what i have written up there lets compare what i have with what PONZI is.
1. Scam in which gullible public is enticed:This program does not entice anyone but is made known before they ever sign up that it is a voluntary donation to some set of 7 people and as soon as you do that you will be added to the list and you are also expected to get the same gesture from willing people without been cajoled or enticed.
2.promise of very high returns in a very short time: This program does not in anyway promise anyone that they will make high returns within a short period of time but it is simply based on the outcome of their network activities such as we also have in GNLD and others.others. Infact it could take years to earn 25,000euro from a single entry.
3.but is based on paying off the early 'investors' from the cash from (hopefully ever increasing number of) new 'investors:Every business is about the people and the more people that patronize a product or service the more money the company is expected to make.Even where you work(Assuming) how do you think your company pays you? apparently not from the money they have saved up but from profits made by the patronage of people and more people.
4.The whole structure collapses when the cash outflow exceeds the cash inflow: This part is even interesting because in this program,the cash inflow is super balanced with the cash outflow and that is why it is still existing after 30years of operation.
5.The originators of the scheme, however, usually disappear with large sums a few days before the crash.:LOL1 Now i know where your idea that all network business is a ponzi because you are so used to osigbo osigbo where you pay 10k and you get 20k kalokalo.Unfortunately in this golden circle system,your donations goes directly to the members and all the company get is 11euro from the entire 54euro for their admin cost so if it ever happens that they disappear,they will only do that with their money and not a dime of members money will go with them.
6.an Italian immigrant to the US who, during 1919-20 collected more than fifteen million dollars from some 40,000 eager people by promising to double their investment in 90 days: Now you know what ponzi means..Drop your money.do nothing,cme back and collect profit.Tarrrr
I believe that my intelligent illustration has proved to you beyond any doubt that what i am advertising on Africa largest and one of the most reespected forum is neither a scam nor a ponzi/pyramid.
So if you are interested, visit their site,mail them to ask any question and get on board but its not a make money quick thing as i have written many times but a true,tested and realistic way of earning passive income.
Thank you and clap for me because its not easy to be intelligent and articulate.
|Re: Why Are Nigerians Scared Of G.N.L.D by SylarsMcQuins: 6:56pm On Aug 06, 2015|
Omo see explanation
|Re: Why Are Nigerians Scared Of G.N.L.D by osenidvdg(m): 7:03pm On Aug 06, 2015|
I hate it because you the owner of the firm hate the business. if not you will informing us earlier from job advert to the msg of interview that it is GNLD firm recruiting and inviting us for job and you will not be using a house closer to bank or big company as venue for Job interview.
You have made bad name for the business.
|Re: Why Are Nigerians Scared Of G.N.L.D by osenidvdg(m): 7:08pm On Aug 06, 2015|
LoL you serve them better
|Re: Why Are Nigerians Scared Of G.N.L.D by SylarsMcQuins: 7:22pm On Aug 06, 2015|
Bros I don't own any GNLD firm abeg oo
|Re: Why Are Nigerians Scared Of G.N.L.D by osenidvdg(m): 8:44pm On Aug 06, 2015|
Lol Bros am not referring to you don't mind my pronoun
|Re: Why Are Nigerians Scared Of G.N.L.D by osenidvdg(m): 8:45pm On Aug 06, 2015|
Lol ! Bros am not referring to you
|Re: Why Are Nigerians Scared Of G.N.L.D by Toks2008(m): 9:33pm On Aug 06, 2015|
Na so my brother abi i no try?
Person wey no know something go ask no be say you go just dey conclude any how. no one knows it all.
My signature is about a program where people can generate substantial money by taking part in VOLUNTARY donations where you follow 3 simple steps.
1.Come in with €54 through anyone who is already a member and donate 54eurro to 7people who are listed in seven levels in such a way that the person in level 7 gets 18euro,the people from level 6 to 2 gets 3euro each,the person in level 1 gets 10euuro amd the company gets 11euro as admin fee.Simple
2. You wiill now refer maximum of 3friends and by the time you refer just 3,all the 54euro you donated is back into your pocket meaning you are now in the system for free.
3.Forget you ever did it and start recieving deposits into your regular bank account. Thats all.
Anyone without the giving nature will not understand the concept.
|Re: Why Are Nigerians Scared Of G.N.L.D by chloee(f): 10:19pm On Aug 06, 2015|
Nairalandi:Excellent question! O ya answer naw?
|Re: Why Are Nigerians Scared Of G.N.L.D by SylarsMcQuins: 10:26pm On Aug 06, 2015|
|Re: Why Are Nigerians Scared Of G.N.L.D by SylarsMcQuins: 10:27pm On Aug 06, 2015|
|Re: Why Are Nigerians Scared Of G.N.L.D by SylarsMcQuins: 10:28pm On Aug 06, 2015|
chloee p ost=36686149:I don ansa miss Sholee
|Re: Why Are Nigerians Scared Of G.N.L.D by ayonpoint: 11:30pm On Aug 06, 2015|
allanphash7:am sorry for you
|Re: Why Are Nigerians Scared Of G.N.L.D by cecegorz(m): 8:15am On Aug 07, 2015|
Toks2008:I'm just doing this to warn the public to beware of the snake oil merchants. You can keep on writing volumes of your marketing pitch. It changes nada.
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