Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,153,838 members, 7,820,919 topics. Date: Wednesday, 08 May 2024 at 03:01 AM

Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. - Investment (5) - Nairaland

Nairaland Forum / Nairaland / General / Investment / Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. (49045 Views)

Lizzy Efa Of Swiss Golden Ponzi Scheme Arrested While Trying To Flee / Swiss Golden Ponzi Scheme: Nigerian Sues EFCC, Others For Defamation, Harassment / Swiss Golden Company Limited Defrauds Nigerians Of N3bn — EFCC (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (8) (Reply) (Go Down)

Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by Afonjashapmouth: 2:14pm On Jun 11, 2017
[quote author=NickD post=57407491][/quote]

You r saying bullshit and one can figure out u r part of the ring. If it's not a scam why did you gave up?? You do personally know d owner.. ripoff scheme.
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by deleo16(m): 2:28pm On Jun 11, 2017
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by andystash(m): 2:30pm On Jun 11, 2017
network marketing is not for everyone. I will just pass
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by MsSantaClaus(f): 2:32pm On Jun 11, 2017
I've been a Network Marketing Professional for 6 years and here's My take on Network Marketing - its a great sustainable model if you obey and follow the rules and are willing and able to work hard and Consistently. Swiss Golden is a Cycler , which is not bad if all the Members are ready to work HARD! But as the Op said,tables hardly get 100% filled, so the danger of being left hanging is real(I did Ultimate Cycler, its almost the exact same format)
- Tips on choosing an MLM Company - Any MLM that does not have a product is a Ponzi scheme.
- Any MLM that asks people to bring money, whether you are asked to refer people or not is a Ponzi scheme.
- If the only way to make money in an MLM is by referring people, think hard about joining, don't expect to be assisted.
- Can YOU do it, and more importantly, can the people you refer do it, ie refer theirs?
- If you are given products, what is your plan for selling them for a Profit?
- Is your plan to refer two and do no more?
- Plan to learn everything you can about the business, don't rely on anyone.
- Are you thinking of becoming a Leader in the biz and growing your own Team, this should be your end goal if you really want to succeed in any MLM
- For any MLM co to be sustainable there must be Multiple ways of making income within the opportunity, such as - Profit on product Sales
- one time Commissions from Referrals
- Monthly/Weekly Bonus - - Incentives like Cars -
- Travels and other Items,
- Personal Development/Business Training,
- Free Products or other competition prizes.
A reasonable earning structure from any of the first 3 mentioned should be obtainable.
- Are you planning to use Social media for your business? think of doing so immediately, I live in another country and run my Network marketing biz in Nigeria via Social media, all the Clients you want are there, but you must do it right.
Set up the right systems and you literally make money while you sleep without bothering family and friends.
If you want to learn, Join my FREE biz group in my link.
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by mctfopt: 2:40pm On Jun 11, 2017
Candybob:

Not sustainable either.
The main glitch is how do you pull out your cash?


People are making money off cryptocurrency trading and you are here saying it's not sustainable. Ignorance is real bliss I guess
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by princenaira(m): 2:53pm On Jun 11, 2017
You have a very big point. Meanwhile for your e-cirrencies such as Perfect money, bitcoin, PayPal, web money, etc. I want to refer you all to Carproglobal.com. I have always deal with the and they are good.
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by cosade(m): 3:08pm On Jun 11, 2017
sirclemzy:
Is it the same Swiss Golden that Love Oladele & co. are promoting on Raypower fm or is thiers different? Please let me know so I don't fall a victim because me I don't like this bring 1 or 2 persons before i will earn.

If you want to invest in gold, go to Wuse market (Abuja) or Oke-Arin market (Lagos) to buy your gold and deposit in a bank's vault for safe keeping. I don't see the wisdom in buying papers (that could be worthless) for gold kept by someone I don't know or trust.

3 Likes

Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by yusasiv(m): 3:36pm On Jun 11, 2017
Please, does anybody here have a say about my signature, because some gullible set of people here had once before flagged me a scammer while my motive is to be of assistance to others, i believe OP can have a review of it and tell people what to blv
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by cosade(m): 3:41pm On Jun 11, 2017
NickD:

Gold

Paper gold. Has anyone ever seen the vault where the gold is kept?
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by Nobody: 3:52pm On Jun 11, 2017
Toks2008:

Let me have the website.
What can u say about D9.
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by Sonn(m): 3:54pm On Jun 11, 2017
Sensual:
Don't spoil business for me joor. I'm planning to register
i have a better plan for you. contact me
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by toluuuuu(m): 4:09pm On Jun 11, 2017
please do yourself a favor and watch John Oliver's show on multilevel marketing on YouTube and get enlightened
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by ComradeEmmanuel(m): 4:12pm On Jun 11, 2017
Kennydoc:


The only problem is when that bag of rice sells for 50k instead of 20k and people only buy it because they hope to recover the money spent on it, and make gains.

That is my grouse with many network marketing groups. Over hyping and over pricing of simple products (in many cases ordinary supplements) and people spend tens even hundreds of thousands to buy them not because they need them but because they hope to invite people and make so much money when they build a team. At the end, only a few people (the early starters) make maximum gains.

From your earlier calculation, do you know that if you continue that matrix (and assuming it takes each new sign up a whole month to register 2 downlines), by the 36th month (ie 3 years), over 68 billion people will need to join in one month to sustain the matrix?
Network marketing is a big scam. I've joined 2 companies on the past, lost some money till my eyes opened to how unrealistic and how unsustainable it is.

another eye opener.
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by Nobody: 4:46pm On Jun 11, 2017
ontruth:


You don't understand anything that's why you used this cheaper way to explain it .


It is not just you Halima telling Mr Okoro to go and buy rice from Mrs Ayo then you Halima will get 1k from Mrs Ayo just for referring Mr Okoro to her to buy rice, It is never like that ok.

Halima must Bring 2 buyers who will bring another 2 buyers each before Mrs AYO will give her 1k.

O boy! U know book well well!
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by Nobody: 4:49pm On Jun 11, 2017
cosade:


If you want to invest in gold, go to Wuse market (Abuja) or Oke-Arin market (Lagos) to buy your gold and deposit in a bank's vault for safe keeping. I don't see the wisdom in buying papers (that could be worthless) for gold kept by someone I don't know or trust.

This is the most sensible and practical advice on this thread so far

4 Likes

Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by Toks2008(m): 5:08pm On Jun 11, 2017
ontruth:


You don't understand anything that's why you used this cheaper way to explain it .


It is not just you Halima telling Mr Okoro to go and buy rice from Mrs Ayo then you Halima will get 1k from Mrs Ayo just for referring Mr Okoro to her to buy rice, It is never like that ok.

Halima must Bring 2 buyers who will bring another 2 buyers each before Mrs AYO will give her 1k.

Is this not exactly why I flawed the swizz golden earning structure abi una no dey read before una comment?
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by Toks2008(m): 5:09pm On Jun 11, 2017
toluuuuu:
please do yourself a favor and watch John Oliver's show on multilevel marketing on YouTube and get enlightened

MLM and network marketing is legit please don't get it twisted but if your compensation plan is faulty then it is a waste of money and time...PERIOD.

1 Like

Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by Rainmaker69(m): 5:27pm On Jun 11, 2017
Its not just about the business model, you also have to look at the earning pattern. Any business where the earnings from a network-based business model exceed the earnings from the actual business is not only unsustainable, it is a bubble waiting to burst.

2 Likes 2 Shares

Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by Temptee101(m): 5:50pm On Jun 11, 2017
Amgreat70:
Had it been I know this earlier I and my friends wouldn't have invested n this because it just seems we are stagnant and everyone is looking at me because I introduced them to it,this is even the third month and no show
Your own never tee na. Mine na since December o still nothing. Thought they said one could still get his capital back and i have tried to but all to no avail

2 Likes

Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by rosalieene(f): 5:55pm On Jun 11, 2017
Adesekot:
*MLM TRUTH!!!!*

If you talk to a lot of people, You will make a lot of money.

If you talk to some people, you will make some money.

If you talk to *no* people, *YOU WILL MAKE NO MONEY!!!!*


*T.E.A.M- Together Everyone Achieves More*
Team ko team ni. The one that would cause you serious headache.

Ultimate cycler last year almost gave me high bp because I had to promise people that I will get referrals for them, keep promising even the next referrals so that they will register just like Dy do here in Swiss golden.

I promised myself not to involve myself in any referrals thing again.

Even for that 1million, I won't register.

A whole lot of money is involved here, If ppl don't get their money bk, they will come for my head since its a big amount. I cannot kill myself before my time.
I believe in God for sustenance.

4 Likes 1 Share

Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by cosade(m): 6:08pm On Jun 11, 2017
Toks2008:


MLM and network marketing is legit please don't get it twisted but if your compensation plan is faulty then it is a waste of money and time...PERIOD.

Legit, only when you're not required to register with money and tangible goods or service are involved, not invisible goods like the Swiss gold. One of such is the Forever Living Product, though early joiners will always benefit much more than later starters, due to its Pyramid nature.

1 Like

Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by Najwal: 6:31pm On Jun 11, 2017
Just like someone said above, if wuse market Gold is not enuf, go to kano and buy Gold of your choice grin physical Gold i think still make sense pass paper Gold undecided
Time to shine our eyes

2 Likes

Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by Ab4all(m): 6:34pm On Jun 11, 2017
henrinco:

WRONG!!! Business thrive on people. Infact there is no business model in the world that dont obey this rule.
I agree with you that business strive on people. the op simply states the obvious that as a pyramid scheme, the base members earns nothing at the end of the day.

1 Like

Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by chygift(f): 6:36pm On Jun 11, 2017
*Don't spoil business for me joor. I'm planning to register*

It's late dear your money will be used to pay the first timers. You would have joined when it newly came out and by now you would have earned something.
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by Synthase(m): 6:42pm On Jun 11, 2017
wowdiva:
The business has been on for 7 years now, it has it representative offices all over the world. Has it legal unit in Ikoyi Lagos. Plans are ongoing to establish a representative office in Nigeria.
This is no ponzi scheme, it will continue to stand the test of time.
Any scheme that relies on you bringing people before you earn and for sustainability is a ponzi scheme.
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by osazsky(m): 6:42pm On Jun 11, 2017
Is this d one u register with 6k and they give u milk, golden moor, and tin tomatoes am not understanding o. Ponzi scheme is not an option. Once fell for mmm. Never again. Lesson learnt. If u want money there are viable biz u can do with good profit. All this sit at home and make millions na scam. Go out and work hard
. For affordable and quality furniture check my signature 07.082.0322.33
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by MsSantaClaus(f): 6:45pm On Jun 11, 2017
rosalieene:

Team ko team ni. The one that would cause you serious headache.

Ultimate cycler last year almost gave me high bp because I had to promise people that I will get referrals for them, keep promising even the next referrals so that they will register just like Dy do here in Swiss golden.

I promised myself not to involve myself in any referrals thing again.

Even for that 1million, I won't register.

A whole lot of money is involved here, If ppl don't get their money bk, they will come for my head since its a big amount. I cannot kill myself before my time.
I believe in God for sustenance.

Why would you promise them downlines? Don't you see that's where the problems start, everyone has their own network and if they can't find at least 2 people in all their acquaintances to join them, then the business is NOT for them. Learn to pre-qualify your prospects, if you ever decide to run an mlm business again. Don't be desperate for downlines.

1 Like

Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by frankyfranky(m): 6:50pm On Jun 11, 2017
I concur
Re: Why Swiss Golden Nigeria Is Unrealistic And A Waste Of Money And Time. by Forex4u(m): 7:11pm On Jun 11, 2017
sirclemzy:
Is it the same Swiss Golden that Love Oladele & co. are promoting on Raypower fm or is thiers different? Please let me know so I don't fall a victim because me I don't like this bring 1 or 2 persons before i will earn.

If you don't like referring, I will recommend you enter Questra, you can chat me up for more info, my number is in my signature.

(1) (2) (3) (4) (5) (6) (7) (8) (Reply)

Chisco Transport Buses Burnt In Lagos By Hoodlums / 2 Reasons Why Police Can’t Arrest MMM Operators / FCMB Founder, Subomi Balogun Is Dead

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 48
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.