I have just done a radio interview about pyramid schemes and why they are a bad idea. I only had ten minutes so I struggled to get in all the information. Click on the image below to listen to it. I am at 1.32.
Here, I cover the information I gave, with references and further information that I couldn’t cram in.
WHAT IS A PYRAMID SCHEME?
It is useful to think of pyramid schemes on a spectrum. Just before you get to pyramid schemes, there is Direct Selling. This is where people sell things and get a commission from the sales. Like a double glazing salesperson who goes door to door and gets a cut of the sales. That is perfectly legal, although it can be hard on the salesperson to earn money if they don’t sell much.
Continue reading at Bot Watch’s Blog
Asking questions are genuinely good thing if you are
not understanding something fully, but this piece of writing provides pleasant understanding yet.