Get Rich Quick Bologna

  • Thread starter Thread starter Danoff
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Danoff

Danoff

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Let's say I approached you with a plan to make money really really quickly. I've got this website that sells stuff. All you have to do is convince people to buy from the website and you get a cut of everything they buy. If you convince them to convince other people to buy things from the webiste, you'll get a cut from that too... and so on and so forth. You'll get a cut from everybody that gets in below you, and they'll get a cut from everyone below them. Everybody wins!!!

Let's say you spend $100/month on the website. The people below you spend $100/month also and you get 10% from that. Let's say you get 7 people in, and each of them get's 7 people in, and each of them gets 7 people in. That's $3430/month you get for doing nothing!! That's over 41k/year! And all you had to do was get 7 motivated people to join up.

Does anyone see a problem with this? Can you spot the logical error? I happen to be close to someone who doesn't see a problem with this.
 
Well quite simply the lower you go more lots of 10% are being taken out of the original amount of money, therefore you get less and less all the time more people join.

Thats how I read it...
 
The fact that its a pyramid scheme and that pyramid schemes are nothing but scams to get quick money.
 
Bee
Well quite simply the lower you go more lots of 10% are being taken out of the original amount of money, therefore you get less and less all the time more people join.

Thats how I read it...
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No no no. You get 10% of what the people below you spend, not what's leftover after other people have gotten their cut. So if someone below you spends 100 dollars, you get 10 bucks... no matter how far below you they are.

The fact that its a pyramid scheme and that pyramid schemes are nothing but scams to get quick money.
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Oh yea, it's a pyramid scheme alright, but what if I told you it were a legal pyramid scheme - it's legal because the website actually sells stuff and since products are being exchanged it won't be busted by the feds.

(all of this is real by the way.)
 
danoff
No no no. You get 10% of what the people below you spend, not what's leftover after other people have gotten their cut. So if someone below you spends 100 dollars, you get 10 bucks... no matter how far below you they are.
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Oh right, thanks for clearing that one up. 👍 Well I'm a tad bit stuck...
 
The key to danoff's massive clue there was:

"no matter how far below you they are"

So, say there's someone 13 levels below you. Of his $100, 10% goes to you, 10% goes to the person below you, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them and 10% goes to the person below them.

So of the $100 that person has spent, $120 is distributed to other people.

And that's to say nothing of the people above you, who also get 10%.
 
Famine
The key to danoff's massive clue there was:

"no matter how far below you they are"

So, say there's someone 13 levels below you. Of his $100, 10% goes to you, 10% goes to the person below you, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them and 10% goes to the person below them.

So of the $100 that person has spent, $120 is distributed to other people.

And that's to say nothing of the people above you, who also get 10%.
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Simple enough for famine to describe!! But somehow many many people don't put this little tidbit together.

Sure it's a little more complicated in the official description.

You get 3% if you and everyone below you accounts for 200 points (1 point = 2 dollars spent online). 6% for 200-500, etc. etc. on up to like 20% if you bring in enough points.

...and then there's a bit about the pyramid (but they don't call it that), "breaking off" when it gets a certain size... but don't worry, you still get 4% of pyramids that break off below you (sounds like they didn't break off afterall).

I personally know 7, that's right 7!! people who are convinced that this system is going to make them millions upon millions of dollars. All that's happening to them is that they're spending hundreds of dollars in fees and buying generic overpriced crap off of some website, oh and a bunch of self-help books that make you feel good about scamming other people to join up into this little disaster.

They hold seminars about this stuff, you pay $150 and you go to a seminar with hundreds of other suckers and listen to how if you have a dream you can become a millionaire owning your own business (that's what they call this little scam).

It doesn't seem hard to me to figure out why this isn't going to work... but then again I'm not as desperate for cash as the folks signing up.
 
Bee
So I guess I had the right idea, just wrong concept... :ouch:
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It can take a little while to spot the problem... you'd thought of it after a while. I didn't spot it immediately when I was introduced to the plan. I, like you, immediately recognized it as a pyramid and that something was wrong, but it took a little bit to figure out WHY pyramids don't work.
 
Well, damn, I was going to type a response, then scrolled down and saw Famine had already attacked it. :lol: But yeah, any more than 9 people involved, and the money goes *poof!*
 
I know a lot of people who've fallen for those. There are a whole bunch of "legit" pyramids running around. This one doesn't have anything to do with a "Quest" for a certain precious metal, does it? My Aunt tried to sign me up for it, but I didn't bite. No way am I going to spend my moolah buying vacation packages for other people and product items of dubious quality and high price.

I know some people who actually make money off of it... but of course, they don't do anything else with their life... and they've got rich husbands supporting them, so I guess it all evens out.

I don't have a rich wife supporting me... :(
 
Sage
But yeah, any more than 9 people involved, and the money goes *poof!*
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Couldn't you put a limit on how many join up? Say right we have 9 in this pyramid, we need someone new to start up another pyramid. You could then have a number of pyramids working from the same website but at no major loss.
 
My parents went into one of those.


www.quixstar.com or something like that.


It does work, there's different levels and we were almost to Platinum which would have brought in 5k a month. There's a guy who has 2 sons that race MX and he rakes in 400k A MONTH.

My parents stopped though. I got to see a street race in a hotel in South Carolina! w00t!

That WRX sounded goooooood.
 
Famine
The key to danoff's massive clue there was:

"no matter how far below you they are"

So, say there's someone 13 levels below you. Of his $100, 10% goes to you, 10% goes to the person below you, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them, 10% goes to the person below them and 10% goes to the person below them.

So of the $100 that person has spent, $120 is distributed to other people.

And that's to say nothing of the people above you, who also get 10%.
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So sombody is actually losing money.
 
There's also a saturation point. Eventually all availible suckers will be consumed, and the ones on the bottom layer won't make anything.
 
This thread angers me, I hate the thought of these scammers or sociopaths, as I like to call them, can actually recruit people in thier plan to run them into the ground with deception.
 
I see these commercials on TV. One of the "real people" was even bragging about making $5,000/month, and claiming that she got rich quick. Sorry, lady, but at $60,000/year, you're not rolling in a Bentley.
 
kylehnat
I see these commercials on TV. One of the "real people" was even bragging about making $5,000/month, and claiming that she got rich quick. Sorry, lady, but at $60,000/year, you're not rolling in a Bentley.
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Not a NEW one, anyway...
 
Guys, let me tell you about my awesome plan to get rich quickly.

1) Find a college.
2) Attend it.
3) Graduate.
4) Get high paying job.
5) Don't suck.
6) Because they fire you for sucking.

Good luck!
 
sn00pie
Guys, let me tell you about my awesome plan to get rich quickly.

1) Find a college.
2) Attend it.
3) Graduate.
4) Get high paying job.
5) Don't suck.
6) Because they fire you for sucking.

Good luck!
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I'm seeing the get rich part, but what about the quick?
Also, your way seems suspiciously legal...
 
The sad thing is... it's true that you can make money off of that... if you have absolutely nothing else to do with your life, and you're dense enough to annoy people into buying from you.
 
I thought that this thread was about costly bologna that went quick when flinged across the table. :lol:

But really, if you're lame and dumb (or desperate), you'll do it. But it's not worth it. I'll stick with sn00pie's plan.
 
sn00pie
Guys, let me tell you about my awesome plan to get rich quickly.

1) Find a college.
2) Attend it.
3) Graduate.
4) Get high paying job.
5) Don't suck.
6) Because they fire you for sucking.

Good luck!
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I know someone who got promoted for #6.

So what does happen when there are more than 9 people involved? If each person is getting 10%, do the people involved after the 100% mark get paid (from some external source), or do they get nothing, or am i missing the point?
 
sn00pie
Guys, let me tell you about my awesome plan to get rich quickly.

1) Find a college.
2) Attend it.
3) Graduate.
4) Get high paying job.
5) Don't suck.
6) Because they fire you for sucking.

Good luck!
Click to expand...

That's not a get-rich-quick scheme... at best it's a get-rich-pretty slowly scheme, or (in my case), get-paid-a-reasonable-sum-pretty-slowly scheme :indiff: - still, that said, it's a much better bet than any pyramid scheme will ever be... for any one person who profits, you can rest assured there are plenty more who get fleeced...

I once saw this programme on the BBC called 'Scambusters' where they busted this, erm, scam (oddly enough), where this couple had set up a pyramid scheme. When confronted with the charge that there scheme was in fact a pyramid scheme (the camerea crew came prepared with a useful diagram of a pyramid), the lady involved simply claimed, "No, that's not correct. Our scheme is more like an upside down triangle" and proceeded to turn the diagram by 180 degrees as if to illustrate her point... :dunce: Subtle distinction, don't you think...?
 
Touring Mars
When confronted with the charge that there scheme was in fact a pyramid scheme (the camerea crew came prepared with a useful diagram of a pyramid), the lady involved simply claimed, "No, that's not correct. Our scheme is more like an upside down triangle" and proceeded to turn the diagram by 180 degrees as if to illustrate her point... :dunce: Subtle distinction, don't you think...?
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The lastest thing is to draw them in clusters. You draw a blob representing a person, and then send out spokes in all directions to other blobs representing more people... and so on and so forth - so that the pyramid shape is not readily recognizable.

So what does happen when there are more than 9 people involved? If each person is getting 10%, do the people involved after the 100% mark get paid (from some external source), or do they get nothing, or am i missing the point?
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Well the problem doesn't occur when 9 people are in. It happens when there are 9 layers or teirs of the pyramid (assuming everyone gets 10%). But what happens you ask? The pyramid shuts down - breaks - goodbye, "can't pay out more than we take in".

*cough* Amway? *cough*
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How did you know? :)

So sombody is actually losing money.
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Yea, when there are enough levels the company loses money. All of the payouts are channeled through a company, so when there are enough payouts the pot of money that your "bonus" comes from gets overdrawn. But not to worry, they're ready for that. They'll just arbitrarily change the rates at which your "bonuses" accure, ensuring that the pyramid stays up. They can also adjust how many points = a dollar. The bottom line is that they can keep the people on the bottom from ever getting rich quick so that the people at the top keep getting paid.
 

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