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Learn the techniques and tricks that pyramid schemes use to recruit new members and how to avoid being fooled yourself.
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In 2004, a nutrition company offered a life-changing opportunity to earn a full-time income for part-time work. There were only two steps to get started: purchase a $500 kit and recruit two more members. By 2013, the company was making $200 million. There was just one problem — the vast majority of members earned less than they paid in. Stacie Bosley explains what a pyramid scheme is and how to spot one.
Lesson by Stacie Bosley, directed by Wooden Plane Productions.
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Thank you so much to our patrons for your support! Without you this video would not be possible! Mrinalini, Anthony Kudolo, Scott Gass, Querida Owens, Hazel Lam, Manav parmar, Dwight Tevuk, Siamak H, Dominik Kugelmann, Mary Sawyer, David Rosario, Samuel Doerle, Susan Herder, Savannah Scheelings, Prasanth Mathialagan, Yanira Santamaria, Dawn Jordan, Kevin Wong, Goh Xiang Ting Diana, Cristóbal Moenne, MJ Tan Mingjie, Yansong Li, Jason A Saslow, Joanne Luce, Kyle Nguyen, Taylor Hunter, Noa Shore, Lex Azevedo, Merit Gamertsfelder, Bev Millar, Rishi Pasham, Jhuval , SookKwan Loong, Bruno Pinho, Javier Aldavaz, Rodrigo Carballo, Boytsov Ilya, EdoKun, Misaki Sato, Craig Sheldon, Andrew Bosco, Catherine Sverko, Nik Maier, Mark Morris, Adi V, Peter Liu, Leora Allen, Hiroshi Uchiyama, Michal Salman and Gilly.
I thought this was how to build a pyramid
so all mlm are pyramids right? like _fg and ___imerica and others …
just remember the phrase "if it sounds too good to be true, it probably is"
Question: How to spot a pyramid scheme
Introduction to pyramid scheme for 4 minutes.
Answer the question in under 30 seconds.
Thank you for coming to my TED Talk.
I was involved in a pie scheme. It actually turned out really well. I made six pies, and then I recruited six other people to make six pies. Then we all sat around and ate pie.
PRIMERICA is one
Ok but how do you start one?
Sending this to everyone I know doing crypto
Half of YouTube ads are pyramid schemes, promising to teach you how to increase your earnings….
my way of spotting a pyramid scheme has 3 easy steps. 1: spot the scheme 2. check is its shaped as a pyramid 3. conclude that its a pyramid scheme
NFT
YouTube is a pyramid scheme you rely on likes to make them rich and you make pocket change
The entire human race is a pyramid scheme, change my mind
I only clicked because I really enjoyed Catch Me If You Can
NFTs
The documentary Lularich is awesome. Those people started out as a humble company with legit, high quality products, then became greedy.
Dollar is a pyramid, change my mind
So pretty much the academia at this point.
"The distinction between pyramid schemes and legitimate multi-lever marketing can be particularly hazy."
Yeah, because they're the same thing.
Bull shxx it's a big rip off
Human beings have two characteristics that are positive and even useful sometimes, but are also vulnerabilities that can be exploited. Be aware of this. These characteristics are greed and curiosity.
2:38 SOCIAL SECURITY
Sounds like Crypto currency.
I used the pyramid to destroy the pyramid.
How does this compare to getting into Dogecoin early?
Girlboss, bossbabe, hun.
Is Bitcoin and other Crypto currencies and NFTs "Pyramid scheme" ? As new coin miners make less by exhausting more time and resources compared to previous coin owners and increase the value for them. 🤔🤔🤔
Is Skyway a pyramid scheme?
1980s & 1990s = Pyramid Schemes.
2000s & 2010s = Ponzi Schemes.
2020s & 2030s = Cryptocurrency Schemes.
Red flag: When a YouTube channel tells you to share their video in the hopes the new viewers will watch, subscribe, and like the video thus giving TED-ed more money LMAO
Can we take a moment to applaud the animation. Just brilliant!👏🏼👏🏼
Usually I don't think of it for life lessons but the King of Queens episode on Pyramid schemes was such a painfully perfect satire I'm gonna stay far AF away from them.
Just made a video on this!
Or, live in Italy, where awareness about being scammed is so ingrained in the populace, that you laugh at someone asking you money for starting a job.
Kal 9:30 bje pahoch jana
NFTs
Would a cone scheme be more attractive than a pyramid scheme?
Two Words: Arya Realty, I mean look at this he is the biggest offender https://youtu.be/7nVeJRdBrwo
Big RED FLAG if they're flaunting their sports cars and mansions! "If I can do it, so can you!", "Live your life to the fullest!"
"How to spot a pyramid scheme?"
"It's labeled FICA on your paystub and you cannot legally opt-out of it, ever."
Send this to people who buy NFTs
That nutrition company is a strand in for Herbalife
New Pyramid Schemes….. Microchip for cars. We need people to invest in micro-chip. All you have to do is purchase 4 micro-chip at $200 a piece for $800 and recruit 2 more people to do the same. Anybody interested?
I will ONLY get involved with pyramid schemes IF I'm the creator/owner of the pyramid schemes. Lolz.