₦airaland Forum

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lovely

YES..I WAS BANNED BY ANTI BOT

Ever since the economic recession hits Nigeria, Nigerians have been finding one way or the other to get over the present scheme of thing,the stifling economy, the hardship and the nonchalant and carefree system of government.

a lot of options came on board.. The quick money scheme.. we try to survive by any opening means that seems legal to us even when its not really legal to the government.

MMM as its called came up,lots of people took the risk and started patronising it.. 30% interest with registration bonus etc.. after about 6 months after,it was making waves, the government rejected it,the media was against it and so on.. they said it was a "ponzi scheme"

from the dictionary a ponzi scheme is defined as a form of[i] fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors.[/i]

some other online investments or schemes came up also like giversforum,gethelpworldwide,mmm united,ultimate cycler etc name them..


but among all of these..most of them are not really ponzi in nature, some are mere online networking investment..
deep research shows that the ultimate cycler isnt ponzi in nature but an online networking investment which operates with 2x2 matrix just like the common Helping hands intl,aim global and others

a networking business is an effective low-cost marketing method for developing sales opportunities and contacts, based on referrals and introductions - either face-to-face at meetings and gatherings, or by other contact methods such as phone, email, and increasingly social and business networking websites.

In ponzi schemes there is usually central account, huge return of interest with or without referals, stipulated period to put in and get money etc..but this is unlike networking markets which involves more of referals, the 2x2 structures and recycling procedures..


weighing both i think networking investment is much safer than the others..

in conclusion, people should always make researches before venturing into any of these to avoid patronizing what you dont have an idea of..