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Nairaland Forum / Nairaland / General / Business / How to Detect A Scam MLM and HYIP Business Operating in Nigeria (13672 Views)
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Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by joyous(m): 10:32am On Jun 03, 2012 |
I agree with you. If you actually have a geniune HYIP, you dont have to be collecting money #3000 from people before giving information out unless you are the one that is running the busness yourself. |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by greenhope(m): 2:04am On Jun 04, 2012 |
My people perish for lack of knowledge. Do you research and discover how millionaires mlm has produced in USA in the past 10 years. How problem here is we are mentally lazy, greedy and don't follow through details. In other words not disciplined. |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by deleo16(m): 8:58am On Jun 04, 2012 |
what about avenue to wealth please does anyone know any thing about it |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by omonija2000(m): 8:11pm On Jun 04, 2012 |
godello: Am regretin joinin gnld and edmark its just too stressful ! I'hv loosed 300,000 to this biz.. What a big lie and bad mouth . We nigerians should be thanking God for some of these companies most especiall edmark for their wonderful products which have been saving lifes.infact me and my family cannot do without their products most especially the giseng coffe,splina and shake off. People make close to 100% as profit on any of their products if it is that person wish to become their retailer so what else do you want again. And as for the main subject matter, I totally disagree with this subject. Marketing research worldwide had showing that networking marketing MLM, and affliate marketing (though not yet popular in Nigeria because Nigerian economy is still predominantly off line unlike developed world which market is predominantly online ) have been major and greatest marketing tools for any product to use. These have given the smaller businesses who do not have enough resources for advertisement great opportunity to compete with big companies out there. |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by Nobody: 11:59am On Jun 05, 2012 |
[color=][/color] d funiest tin about dis is dat som of dem(scammers) ar here in nairaland rit naw sti tryn to cofus peple d funiest tin about dis is dat som of dem(scammers) ar here in nairaland rit naw sti tryn to cofus peple |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by yeye4live(m): 12:10pm On Jul 18, 2012 |
Have read so much here n I tink u guys asking for 3k to send or gve pple information on ow u make ur 419 MLM n HYIP program shud b stone to death cuse u all re criminals,u claim u make milions daily n yet ure here lokng 4smal mone to feed ur sily ass 2 Likes |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by u2club25(m): 12:36pm On Jul 18, 2012 |
@GWslim that's not true. Please did anyone know about the latest Network in town of Lagos? Its growing gradually and new in PH,WARRI, Ibadan, Abuja ßµt still growing in those states.I am a graduate and have not gotten a job yet but I got to know about this network and now am smiling....... Its called EMA( Elite Marketing Alliance). Just about 4months old and members have collected not less than N800,000 within a month I swear. Just one person not the whole members Oo°˚˚˚°. I registered with just N11,000 called EBO which is the lowest level but from my direct downline, I got $90 on that one person with a superb product. Pls am not here to tell you to join, but an awareness that a good Networking company that's from USA with gr8t products is now In Nigeria so, am a living witness. After I joied I got my own replicated site where other people can join from other countries not only Nigerians a nigerian person can introduce the business too. My own website is on my profileand GWslim: The best place to grow your MLM skill with better reward is Green World Nigeria. |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by wealthydan(m): 11:18am On Sep 20, 2012 |
WW.EBN.BIZ/WEALTHYDAN EARN as you LEARN ONLINE BUSINESS and how to set it UP. If you understand that the wealth of the word is on the internet, the INTERNET IS THE FUTURE, and that THE FUTURE IS NOW ...... then check out an online business that enables you to EARN FROM FACEBOOK, GOOGLE, AMAZON, EBAY, CLICKBANK............. with EBN.BIZ you dont have to be an EXPERT to earn money from the program, the system teaches you automatically how to go about it, YES, AUTOMATED REAL AND LEGITIMATE contact daniel on 07080832203 08067397031, 08186020388 008074136762 time.chidan49@gmail.com |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by laberry101(m): 1:35pm On Sep 20, 2012 |
chrisflyin: Well said!! however, if there is fake there is certainly original. For example, there is no fake N300 note because there is no original N300 note but there could be fake N100, N200, N500 or N1,000. Original MLM dont promise millions in few days or weeks. Its a step by step process. So if you are the greedy type certainly you can be duped. Don't mind them, let them be saying things out of those ignorant minds, people I am a proud distributor in a well known MLM company, and those against it, are either failures or ignoramus. I earn 6 figures, a brand new ride, enroute my second brand new ride,and more. So please, be open to learn ! |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by ibizgirl(f): 4:54am On Sep 30, 2012 |
Have read some of these posts with shock. how do you loose 300k in Edmark where your least monthly purchase is N4,150? MLM is not a call to open a warehouse, you were probably trying to jump the gun. Remember another name for MLM is Network marketing, what you need to do is to grow a Network to earn, you cannot earn big on your personal purchases. Your NETWORK size determines your NET WORTH, if you can build a team then MLM is the best business to do. Give me a call 08020947894 lets talk (Any interested person) |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by greenhope(m): 6:35am On Sep 30, 2012 |
How to Know a Scam MLM is to SCRAEM when you see an MLM program without a product that has features and benefits |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by masaratiti(m): 7:23pm On Oct 01, 2012 |
Has anyone heard of TIG ? |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by Manweysabi(m): 8:36pm On Oct 01, 2012 |
masaratiti: Has anyone heard of TIG ?what is TIG, eh? |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by QG: 6:06pm On Nov 18, 2012 |
Do you have a small business? A product or service you would like to reach at least 1 million Nigerians with? Explore the possibility of a cheap advert. Call me let's talk - 08061367203. Thanks |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by naira4ever(m): 10:11pm On Nov 18, 2012 |
Hmmm....... i never believe if you fail in one business should stop others not to suceed. Do you that thousands of people are earning thousands of dollard through google adsense and blogging while millions never succeed with it. Does that render the system (blogging) ineffective or scam because you fail. Is it in not this same country: where many are crying of joblesness and hunger while some are hammering dough on daily basis? You fail in MLM or HYIP only because you are a failure and let's just say you are sincerely greedy which leads to your loss of funds. They are telling and showing you tips on how to identify fake programs, still you are still arrogant by condemning them. why not put up your online MLM and let's whar will become of you? Ego + Arrogance = Ignorance. Learn and earn. Not all Nigerian MLM and Investment programs are fake o, it is your greed that leads you astray most time. Enjoy. 1 Like |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by Nobody: 5:19pm On Dec 11, 2012 |
As a matter of fact, you have to be ignorant to call MLM's scams. The only thing is you have to be sensible. An MLM based company that promises you the world without a track record of performance or an assortment of tried and tested products can only be an effort in futility. That said, being a distributor for an MLM based organization can be a very rewarding experience, provided you are in the right one and with the right attitude. Some have joined MLM's with promises of great things but because they lack what it takes to succeed they fail at their campaigns. This ultimately leaves a bitter taste and they respond by saying all sorts of things about them. I think what everyone should do is do their own homework. Forget what anybody says. Investigate the company. What is the business model? How do they make their money? What are they leveraging on? I'm pretty sure that fake MLM's will be uncovered with just a little due diligence. Not all that glitters is gold but then again, all gold definitely glitters. PS. HYIP's are definitely scams. PURE SCAMS!!!!!! 1 Like |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by Morhakon47(m): 2:43pm On Jan 06, 2013 |
gwnigeria: Try www.goldwisenigeria.com, the minimum investment is N10,000.00 and your returns are GUARANTEED.Does anyone have a testimony to prove this gold wise is for real? I've been hearing about it for quite some time now but I'm so skeptical about it. |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by Otolorin4real(m): 10:18am On Jan 11, 2013 |
Thanks for your advice. |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by yeye4live(m): 8:58pm On Jan 12, 2013 |
Morhakon47: no body has a testimony on it, ow can u invest 10k n get 20k monthly , i see fraud in dat company, i wud b hapy if some one dis prove me on dat fact here |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by naira4ever(m): 8:48am On Jan 13, 2013 |
Just as we have fake MLMs so also we have fake hyips. You shall know them by their product thru due diligence as saidearlier by someome. I loe online investment and never actually lost to those scams. Why? Greed is what drag many people to being scammed and ripped off their money. You can imagine someone promising you a return of 100% in a day or month on your investment. That's crazy. Even the oil marketer/traders do not have such profit within such a short period. How much does your bank pay you as interest on your savings or fixed account annually? I use to say that those that are craving for get-rich-quick money making program are potential money ritualists. A company that pays you 5 - 10% monthly on inestnment is realistic. I av been earning from this repuatble and registered Nigeria-based international investment company since Feb. last year and it has been so superb. They respond to customers inquiries instantly and pay 24/5. See my signature below and have a bite of what am saying. Warning, if you want to become rich overnight, don't even try to register with them but if you want to get a stable income no matter how little please, go ahead and enjoy yourself. |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by madegbola: 9:57pm On Jan 17, 2013 |
princefunmi: As a matter of fact, you have to be ignorant to call MLM's scams. The only thing is you have to be sensible. An MLM based company that promises you the world without a track record of performance or an assortment of tried and tested products can only be an effort in futility. That said, being a distributor for an MLM based organization can be a very rewarding experience, provided you are in the right one and with the right attitude. Some have joined MLM's with promises of great things but because they lack what it takes to succeed they fail at their campaigns. This ultimately leaves a bitter taste and they respond by saying all sorts of things about them. Doubters annoy me, where were you when Warren Buffet made over $2 billion in the forex trading and you there would be creaming scam, fraud. Where are you when someone imports items from overseas and sells them here gaining over 300% in a short while, you deceive yourselves the most when you doubt things. In life, you dont hesitate, you take risks but take the ones where you can afford to lose but most of yall dont do anything than talk rubbish. I invested with goldwisenigeria with 20k as a start ($120 lr) and in 30 working days, they paid me 40k into my bank account, is that a scam or should I say defraud, hmmmm? Tell me now Because of the excitement, me and my 4 friends invested group funds of 150k making 750k and we deposited into their lr account and at the end of our payment period, they paid us 1.5M, doubt if you will, it is your business, it is your life, it is your mentality. The money we contributed was individual money and we did knowing if it crumbles, we still live and everything is alright, we gain so we took the risk and it has paid off but some would keep talking and asking many rubbish questions. This is my life, I take risks I can afford to lose and it has paid me, doubter and talkatives, keep doing what you are doing. You will find yourself in 2014 doing the same old thing you have always been doing, TALKING AND SHOUTING... I am outta here so many talkatives and shouters in this place, I need a place where they take me risks. Aight... |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by madegbola: 9:57pm On Jan 17, 2013 |
princefunmi: As a matter of fact, you have to be ignorant to call MLM's scams. The only thing is you have to be sensible. An MLM based company that promises you the world without a track record of performance or an assortment of tried and tested products can only be an effort in futility. That said, being a distributor for an MLM based organization can be a very rewarding experience, provided you are in the right one and with the right attitude. Some have joined MLM's with promises of great things but because they lack what it takes to succeed they fail at their campaigns. This ultimately leaves a bitter taste and they respond by saying all sorts of things about them. Doubters annoy me, where were you when Warren Buffet made over $2 billion in the forex trading and you there would be creaming scam, fraud. Where are you when someone imports items from overseas and sells them here gaining over 300% in a short while, you deceive yourselves the most when you doubt things. In life, you dont hesitate, you take risks but take the ones where you can afford to lose but most of yall dont do anything than talk rubbish. I invested with goldwisenigeria with 20k as a start ($120 lr) and in 30 working days, they paid me 40k into my bank account, is that a scam or should I say defraud, hmmmm? Tell me now Because of the excitement, me and my 4 friends invested group funds of 150k making 750k and we deposited into their lr account and at the end of our payment period, they paid us 1.5M, doubt if you will, it is your business, it is your life, it is your mentality. The money we contributed was individual money and we did knowing if it crumbles, we still live and everything is alright, we gain so we took the risk and it has paid off but some would keep talking and asking many rubbish questions. This is my life, I take risks I can afford to lose and it has paid me, doubter and talkatives, keep doing what you are doing. You will find yourself in 2014 doing the same old thing you have always been doing, TALKING AND SHOUTING... I am outta here so many talkatives and shouters in this place, I need a place where they take me risks. Aight... |
Re: How to Detect A Scam MLM and HYIP Business Operating in Nigeria by naira4ever(m): 8:18am On Jan 18, 2013 |
@madegbola you are right. life itself is a risk and full of risks. Many do not know that they pass thru a lot when they sleep at night and luckily wake up next day. Should we say we won't sleep again because someone (may be your next neighbour) slept last night and reported dead - 'never wake up this morning? Fools and Cowards. Do your research, make contacts and inquiries about that project, program or business investment you are about taking. Nothing wrong in making trials just that there are two sides to a coin. If many are cowards like you, there will be no investors, businessmen, and political contestants that eventually win and become president of a nation because they must take the risk, contest and fight for survival. My advice is that whether MLM or Investment program, make your research and be diligent in your action. Enjoy |
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