I'm so glad you said "looks like here that the product I'm selling is the advertisement I'm giving". I was wishing you'd drop that bomb on them. Haha! Boom!
How do people not get that MLMs are designed for the people on the bottom to fail? What kind of business model is based on you signing up your own competitors? Eventually, the market oversaturates with too many sales people competing for not enough buyers and no one is making any money. It's Economics 101!
I agree. The difference between a real legit business and a pyramid business is basically in the recruiting and how they get new recruits. For instance, a business will post for new positions. An MLM (or now called Network level marketing) will have regular advertised meetings where they parade their success stories to the visitors. I went to one for Primerica earlier in the year. Of the 70-100 people, at least 20 were handing over cheques and booking the initial audit session for $900.
And there you have it my friend; you've been witness to how they make their money. Really if they had such a great idea, they'd be WORKING it instead of SELLING it :)
I'm working an idea now, and I would never in a million years try to reveal it to others and then have to compete with them.
@owenbuca How am I lying? The little financial audit they do for you is $900. Then they get you certified so you can charge your friends, $900 for their audit. Of course, the person who recruits you doesn't get a piece of that, right? Of course not. They get all their money from doing their audits and selling insurance. Hahahaha. Oh man. I almost made it without laughing. Almost.
@recoveringxtian you are lying, is this what you do for a living ? come on youtube and just make shit up all day? If you want a laugh look at your little dick as you bang your boyfriend.
@owenbuca Awww, look at you. You don't have anything to say about what I said, so you just insult.
I'll tell you what. Go ahead. Keep throwing them out there. If you decide to say something worth responding to, I will. If you just throw out insults, it's boring. Well, at least yours are. All typical ones.
See if you can come up with something new. Interesting. Different.
@recoveringxtian umm do you know how I know you are lying, or just plain stooooopid. It is called an Financial Needs Analysis and It's free dip shit !!
JASON "smells" like he is full of horse-shit! Stuttering his worlds and acting like he can't or won't talk.........The woman: "What does that mean, work for the people?" Stupid ass! LOL He said he has worked for OTHER people, in regular gigs with a salary or hourly-wage.........WOW!
Yeah I think she was thinking, "work for the people" like I was a cop, investigator, or prosecutor or something. Paranoid. The whole point of her involvement was to try to take back control of the conversation.
Even THEY couldn't believe that someone wanted to buy into the bullshit haha.
@malignantpoodle There is something called the Black Business Builders Club.........they used to operate under another name, they are SCAMMERS themselves. They had me handing out flyers to bring more people on board and I NEVER got paid for my efforts. This happened last year, during 2010. Can you say PYRAMID SCHEME?? That is what they are, sir! No real products, items, or services to offer. Just keep recruiting more people down the line.
GOOD WORK BRO SOUND INTERESTING and I can't belivethe goverment does not get more involed with this. this is a scam that should no longer be in the work.
Unfortunately these schemes are very seductive. My ex-pastor attempted to sign me up into two separate "programs." It got so bad that everyone in the church were scrambling around trying to sign people up and the pastor was at the top.
Excellent stuff. I have a friend getting sucked in to ACN and just can NOT see how she's being duped. Now she's attempting to get her friends into it, too. It's very sad, and I'm not going to enjoy watching it collapse and seeing friendships potentially destroyed.
It's so sad that people still get drawn into this. And no matter how gently you try to tell them that it is a fraud and the best thing they can do is to get out, they get defensive and claim their perticular one is "not the same as those other ones".
The thing it reminds me most of is cult brainwashing, and also some similarities to faith healing. The one who doesn't get healed didn't have enough faith, the one who didn't make it in the MLM didn't "try hard enough".
"Say you come in and bring someone in at the 1000 $ level. Well you would make 947 off that person, and then me being your sponsor I would make 250 $ off that."
I don't get it... how can you make 1197 $ off someone who only paid 1000 $ ? Did I like not understand something here or something?
I love how MLM people call real corporations "pyramid schemes". No, they're not pyramid schemes solely based on the fact that you can move up the corporate ladder! You can run a cash register while going college, get a business degree (which they might even help you pay for), and enter store management. With enough hard work, confidence and maybe an MBA, you can work your way up through the ranks. Upper management is not unattainable. An upper position in a pyramid, by contrast, IS unattainable.
@rockboy88 ur right,i knew someone who was in GDI for 3 years and didnt make 1 signup,I was in it myself for a lil bit until i realized it was a waste of time
i am involved in a mlm but i am sure its not a pyramid scam or wtv cause the company i am in is well known and i know what exactly they are selling..scams usually wont tell what product they are selling..
I don't get why people get involved in MLM. MLM has the same basic idea of a pyramid scheme, except it fits tightly within the legal limits of the law. If you want to earn money selling another company's products, why don't you become an affiliate of Amazon, or some other known company where you don't have to pay for a monthly subscription of products (usually useless products) in order to sell.
i just watched their ad and got the number there. they dont look like their makin 5 figures a month. their camera sucks. if they were makin that much money couldnt they afford a decent pitch. i saw another lady give me a tour of her house as a pitch. like i care! also to you bro. whats with the hammer and sickle? and, i think its cool if you did, but did you film this in the toilet sounds like alot of running water in the background.
Another, is the "gifting" programs. To avoid the legal issues the claim is made that it is not illegal to give someone a "gift". The sad part is this goes on some churches.
The hook. We have a product, but you don't have to sell the product to anyone. We want you to recruit others to sell the product. The riddle. Who sells the product? That was the question I asked when offered the chance to join a MLM. Not one person could tell who sells the actual product. I think the product/service part came in to avoid the legalities of NOT have a product/service to sell which companies must have.
@dekala55 Other pyramids mask this by requiring everyone in the pyramid to buy the product. They'll lie and say you have to sell the product, but actually everyone consumes the product themselves. That's what Market America was before they transformed into their current form.
great vid. some people are too blind to see what's really going on. My friend once invited me to one of their meetings and told me that a bunch of other people interested in participating was going to be there. What really happened was that I was the only one there. Their boss directly tried to persuade me to joining. I thought it was great but when he told me I had to pay 1k to start. I could smell bullshit all over it. I left asap. my friend told me I was stupid. Now he's 1k less and jobless
i attended a 4 day "seminar" of one of these schemes once, they talked about how the average person is usually not a risk taker and how we were lucky enough to be in there . They were basicly trying to break us down and change our paradigm, and i remember at one point a cute young girl asked if we could have a 5 minute recess to grab a bite, since it was a 6hour presentation w/ only one break in between and they guy giving the presentation got irritated and kicked her out.
Haha, I see the MLMers have swamped the comments section. Folks, you should listen to malignantpoodle, he nails it spot on. MLM products may be good, but they're only a facade for the real business, which is selling the "opportunity". Leverage? Ha! The only people who make money are those at the tiny top of the funnel. The scheme can continue as long as the MLM can keep "motivating" new people to replace everybody who drops out, but it's doomed by design to failure. RUN AWAYYY!!
There should be more videos like these in every field of life, educating people about the truth. Earning money is not a very easy thing in life, as such, we should realize that folks who try to cheat simple people off their hard earned money are really evil.
But this video is also going on the assumption that EVERYTHING in MLM/Network marketing is a scam, which even by official definition is NOT the case.
You are right, people that cheat people out of money are evil, PERIOD! But even the FTC website draws a distinction in it's definition between illegal "Pyramiding" and MLM as a product /service distrabution business model.
lol, Obviously a newbie himself. This must have been the guys first call and his wife had to get on the phone so he could figure out what in the heck he's doing, trying to find the "websight"...
malignantpoodle is right on through out this, the people who are trying to legitimize mlm are weak pathetic people who have no education or actual business skills. Thats why they have no friends because all they want to do is solicit those crappy products to them. These guys would sell there own mother if she wasnt nailed to the ground!
Ty, nice stereo typed generalization of anything MLM. There is alot of truth in this video, however there are some solid and legit companies that utilize the MLM business model. There are some good health and nutrition companies and also companies that offer SEO/marketing education that use direct sales as well as alot of bull shit money games out there.
@Stagliano27 Those "good" health and nutrition companies you mention use similar tactics of misdirection and lies to sell their products. Just because they actually HAVE a product, compared to a flat-out scam with nothing, doesn't mean it's a good product. If they claim it's a cure for cancer, MS, diabetes, bowel disease, and every other disease known to man, it's not true.
this guy tries to compare getting in a pyramid scheme to getting a job when usually thats the selling point is your not supposed to have to work very hard at all. getting in a pyramid scheme is more akin to being an "investor" who hopes to recruit other "investors" for his or her own branch of the pyramid. Competition with other "schemers" above you or in unaffiliated branches is real but in our conventionalist society its not really a factor. the real failure factors are illegality & skepticism
Wrong. The failure factors are in the insolvency of the structure. The source of income is new membership without producing a product or real service, that is not a system that can be maintained. You aren't investing in anything, rather paying someone else off and then trying to get your money back.
"You aren't investing in anything, rather paying someone else off and then trying to get your money back
"Ok but thats what an investment pretty much is.
except in the stock exchange you just sit and hope you get your money back+
in pyramid you work or scam or whatever to get others to "invest" so you get your money back x 7. I don't believe in the mathematic insolvency isue its unrealistic..there will never be s shortage of "customers" because it will never get THAT popular.
Bad analogy. The stock market is regulated. There are SEC filing rules, obligation to share holders, not to mention reports that must be issued by publicly traded companies that reveal their financial status. An investor can take this information, and some of these protections, and make an educated choice for investment.
The only way you can never have a shortage of customer is if you have an infinite number of people.
Here's what you aren't realizing; wherever the customer base runs out, the majority of people lose money, whether it stops at tier 2 or tier 2,000. The bigger it gets, the higher number of people that lose money, but the majority involved ALWAYS lose money regardless of how small or big the program becomes.
It is not self-sustaining. If you get paid based on recruitment, it can never be.
thats not true. for example the principle of customer retention does not rely on an infinite number of customers, but on their returning to the vendors. Maybe I'm missing something but most description of Pyrmids say that after a certain number of "recruits" join the top members drop off the system..why wouldn't at least some of these members rejoin for another round?
It always ends at the last tier, and the last tier is the majority of people. In large scams, the last tier is often 15-20x larger than the one before it, and all of those people will lose money.
Notice something, with most scams you're often recruited by the organization itself in which case all but the organization loses money
Few offer reinvestment, but given that most people can barely make their money back the first time around...
ok so the "dropping off" of the upper tiers is a lie then. I don't even know any current pyramid schemes to try. Your claiming that this abunza is a scheme but yet they provide a service and apparently operate legally..so its just your opinion that their services are worthless the same could be said of WAL marts products that doesn't make it true. your spreading lies I think to give yourself this whistle blower image..I just hate misinformation.
"your spreading lies I think to give yourself this whistle blower image..I just hate misinformation. "
Oh I see, you're an Abunza supporter and have been all along.
Have fun getting your money back dumbass. If you think this is misinformation and Abunza is so great, why aren't you sending them money right now? Put your money where your mouth is, since Abunza operates legally and they provide a service, let's see you make some money with them.
Firstly I never even heard of Abunza till I saw this video. But I listened to the video..and I heard the guy say that his company offers ebooks and products on his website..that makes it NOT a pyramid. even if you or millions of others don't like the products. Even if they're crappy! I'm not interested in googling Abunza. Your crank calling this guy, TRYING to fake him in some bizzare expose, WHY? spreading disinformation about pyramid schemes, to make yourself important?
I never said they were legit and yes I came here to find out why people claim pyramids are unsustainable..I don't believe It so seems like disinformation to me..theres mostly ignorance about Pyramids...WHY. Most know that pyramids are illegal. You've not proven that abunda is illegal. Your "evidence" here contradicts that. You recorded him verifying purchasable products and services though he downplayed their value. I don't have to be an abunda supporter to see holes in your commie arguments.
"You recorded him verifying purchasable products and services though he downplayed their value."
Any idiot can see that those e-products are junk and as he admitted, money is made from signups. It will cost you $2000.
Please, send them your money. Nobody can save you from your own gullibility so I guess the next step is for you to quit wasting your time here and start making millions by giving away $2k lol
A lot of these scams offer some novelty items as a front. It's quick and easy to say, "Oh I seel ebooks and software" as opposed to explaining that you make money (if any) by taking other people for $2k at a time.
"I don't have to be an abunda supporter to see holes in your commie arguments."
Ah, ok. This explains why you've been going on about it. Please, go on and send them your money, or are you already trying to make it back?
You also heard that the only way to make real money is by recruiting others. It's $2,000 to join.
Yeah sure, you've never heard of it at all, you just came here, the neutral observer, wanting information, and without being biased or involved, found the truth; that I'm just full of shit.
You act like I'm the only person in the universe talking about this lol.
Sure buddy, you've got no interest whatsoever in supporting the image of these scams. Sure.
@majest33 Shut up. You're obviously with Abunza. You MLM goons are TERRIBLE at making fake objective posts. Go back under the rock from whence you came.
how the hell are you comparing a publicly traded company that sells material products to repeat buyers with a company that offers no real product or service and expects theirs members to solicit others to make any money?
I'm not comparing the company's I'm illustrating the difference between fraud and crappy products. There are lots of legitimate companies that are not publicly traded it does not make them pyramid schemes. Also publicly traded companies can still be full of B.S. You say "real" product or service. I can sell ROCKS on the internet and if people buy them it's a "real" business offering "real" "products". But if I'm looking for investors, I will try to sell them the business moreso than the rocks.
Yes, you were comparing the companies. You said, "the same thing can be said about Wal-Mart".
The selling rocks thing... how much money am I out if I buy your rock vs. $2,000 with Abunza? By the way, at least I know what I'm buying, and that rock is going to be worth more than what I get from Abunza.
I also am told "here's a rock for sale", I'm not being lied to with hopes of wealth to play on my needs to get my money.
thanks for making this video, i have gone to 2 presentations and i knew it was bull, both where made by different ppl but delivered the same lies, im hispanic and these presentations were about how poor hispanics are and how hard it is to get a good job and that they were there to help, i thought it was sad that they tried to make ppl feel like failures just to get money off them, and some ppl buy into these things and lose time and money.
The noise you hear is actually a 55 gallon fish tank. That is the pump running. I have 3 African cichlids in there and they'd be quite displeased if I turned off their pump depriving them of oxygen.
If you double a penny exponentially 35 times, you will have more than a million dollars.
So anyone who watches this video, please mail me some cash. :) and forward a link to this video No scam here, I will just take your money, for my advice.
Great video. Jason sounds like a real piece of work. These people trying to scam you out of your money piss me off. I just got a job selling junk on the street for a pyramid scheme business, and realizing what it was quit after 1 day when I discovered it was a total scam because there is NO REAL PRODUCT.
What is happening is this gentleman is looking at the world of network marketing/direct sales with the work for hire/consumerism mentality. A paradigm shift has to take place in order to see network marketing. Most people do fail in network marketing, as do most people in traditional business. Next time try a more seasoned professional in network marketing and your arguments would be rebuffed.
Nobody has been able to rebuff my argument on this.
You see, I know all about the market. My argument isn't based upon what Jason says about the market, Jason just gives us a working example of what I'm talking about.
You are very articulate and intelligent and I appriciate that in people, yet at the same time in your videos (not just this subject), you portray an arogance of infallibility.
Not meant as a cut down, just an observation in terms of your style of commentary.
Not sure where you get that, I'm a terrible speaker and consistently have to correct myself.
As far as content, I do lots of research before turning on the camera. A lot of people on youtube will get an idea, then shoot and upload. I spend days or even weeks looking into the subjects I post about, and sometimes even longer than that.
That's actually a lesson I wish more people would learn on YT in terms of making commentary styled videos. Instead of someone just running their mouth on camera, if they did at least some basic research, their final product would be of a higher caliber of content.
This guy obviously isn't making money! If you has to spend his time slamming other people... then why in the hell would anyone want to give you the time of day!
I know from personal experience that Abunza isn't a pyramid scheme and that people are making crazy money with it.
A pyramid scheme is when the people at the top are making all the money with no product. Like cash gifting... this is pretty close to a scheme; however, it's totally legal.
A pyramid scheme is when people make money off of selling the business opportunity and not any real product or service. The only way you make any money is if you get another sucker to sign up for the non-existent business model.
That's exactly what Abunza does, as proven in the second part of this series when I talk to an Abunza associate.
Sorry this all stemed I guess from seeing people who maybe tried something online and failed and blamed the company or their sponsor for their failure. I can understand people feeling frustrated but I want people to actually make money online I see potential in people just with the fact they took action to make a video to give their opinion about a company. Abunza aint crap money wise, Aymen author of Arbitrage Conspiracy makes 50k-100k per day with CPA networks. Google it you wont regret it.
The reality is that the very vast majority of people that try this stuff fail. It's not one or two people that didn't have a good experience and ended up blaming the company. Most people involved with these systems will fail.
They only way they don't fail is if they can convince enough people to buy in. And those people have to do the same.
"Aymen author of Arbitrage Conspiracy makes 50k-100k per day with CPA networks."
Right, I never debated that the people at the top make the money.
I typed Abunza because this is the 1st company I heard about when I started online and wanted to see how it is now. Well sorry again for what I said but really check out information about CPA networks its free.
So let me get this straight, you're coming here to criticize something that you're not even a part of, explaining how you can make money off of Abunza, and then admitting that you deleted your videos and don't do it anymore.
LMAO so just because people probably used programs to spam comments I am affiliated with them. I don{t even care about them anymore I don{t do MLM or direct sales anymore I run CPA offers with various CPA networks. Type in Arbitrage COnspiracy
I don{t even do MLM or Direct Sales anymore moved onto CPA networks way more money in there to be made. This is my last time I comment to you hate talking to poor uneducated people. That{s why you are in that position.
I know you are retarded that{s what I know LMAO. Maybe you joined and didn{t make any money because you suck at marketing and have no leardership looking like the piece of shit you are. No one would ever join you in MLM or direct sales so why not just talk shit about it and waste your time.
"No one would ever join you in MLM or direct sales so why not just talk shit about it and waste your time."
This, coming from someone whose account profile has comments on it from suspended accounts where different MLM people try to recruit each other because they're so desperate for cash. You're 19 and talking out of your ass. Get a job.
Dude STFU Abunza is not a scam. You are broke and thats why you are there and top earners are living wealthy. Who gives a fuck if you recorded the call get all technical and shit. Abunza is not a scam if you make your first sale you already made your money back not even a 1'up system.
Now taking stabs at the screen name? haha, wow. You just proved you have no clue what you are talking about. Now your just spewing hatred of mlm. It's all just a pyramid scheme to you right? I have spoke the truth about Primerica and how it works, so you can do 100 of these videos standing on your head and it's clear your full of shit. It is a real and legit company and that is a matter of record, end of story!
Shall I change my name to "Stuckinacubicle" is that more employeeistic for ya?
It fits the type of bullshit perspective that dickhead rip-off artists try to convey. Most people aren't stupid enough to fall for the bullshit, but you can always try to appeal to the greedy or desperate with pathetic stupid shit like "make $20k/month" or "money for nothing", and yes, even, "rest of your life off".
If you were making any real money, you wouldn't be here trying to prove your point to someone that obviously knows better.
"It is a real and legit company and that is a matter of record, end of story!"
Actually, it's a bullshit sleaze-ball of a company that is quasi-legal due to loopholes that owes their appearance as a legitimate opportunity to their dogmatic followers that go everywhere trying to reassure people that all is well, when they're really trying to sell them something.
"hall I change my name to "Stuckinacubicle" is that more employeeistic for ya?"
Self-employed and comfortable, and not through MLM.
and in my line of work, I don't have to go around trying to recruit people, beg for money, and paint these pictures of exuberant wealth for nothing. I don't rely on public opinion either, and best of all; I can pick any name on YouTube I want, because I don't have to use every bit of resource I have trying to get suckers to buy in so I can get paid.
Agents are also free to not recruit and just build a client base, a few in our office do it like that.
Also, Have you sat through a presentation? It's all about helping the client. Everything form the rule of 72 to how Whole/Universal life policies screw families and how PFS is a buy term invest the difference company only and how the banks keep people's money safe (Safe from ever growing)??
Or were you sitting there with arms crossed looking for the "GOTCH YA"??
As far as recruiting? Recruiting is not something that is inherently evil, wrong or bad, also no money is derived form recruiting, thus perfectly legal. On the kitchen table presentation the products come first and recruiting on the back end.
I know I have posted too much already but maybe just maybe understand what you are looking and before you start spewing pyramid/cult rhetoric..
"As far as recruiting? Recruiting is not something that is inherently evil, wrong or bad, also no money is derived form recruiting, thus perfectly legal."
Nothing really wrong with recruiting, unless you're either making money off of membership, or in the case you're talking about, what actually happens is that the new recruit buys products for resale and the money is made upon their induction into the system which is complete when they've purchased product.
"in the case you're talking about, what actually happens is that the new recruit buys products for resale and the money is made upon their induction into the system which is complete when they've purchased product"
malignantpoodle, I can see right off the bat, your going to spin everything back in to the Pyramid argument and assume it all works the same. There is no autoship or any financial service that a rep is required to buy. Money is only made in a override situation based upon the-
"There is no autoship or any financial service that a rep is required to buy."
Then why are you here? I mean if you're talking about something entirely different that the situation described in these videos, what's the point of posting here on it if you're talking about something different?
production the agent produces as a result of the difference in contract levels. When you have a sales manager and a sales team, there will be a difference paid in relation to an override pay structure, which is common in the sales industry. Car dealerships,Realestate sales,Mutual fund/financial brokerages work this way.
"Car dealerships,Realestate sales,Mutual fund/financial brokerages work this way."
They do not work by getting the bulk of their income from recruiting new employees that must pay into the system in order to support it. They also earn most of their money from other real products or services. The only "spin" here is coming from you, by trying to equate MLM schemes with legitimate businesses that do not in fact have similar models.
Actually Primerica is a heavily regulated and legit financial services company. Just because it does not resemble a traditional job does not constitute it as a scam. It's an entrepreneurial sales enviornment. It sounds like you just strayed too far from your time clock is all...
I never said it was a "scam" I said it whats a "scheme".. a Pyramid scheme to be exact.
No real job makes you PAY to work for them. And a business focused on selling a real product does not tell all its workers to focus primarily on recuiting.
It's not a pyramid scheme. Pyramids are illegal. Primerica is registered as a General Agency and as a life insurance broker/dealer, mortgage broker/dealer and a securities dealer. FBI background is conducted along with finger printing before you can be affiliated with PFS. The company is in compliance with all state to state laws and answers to it's many regulators (Such a pyramid scheme, I know, lol). You just walked into a group setting and not a 1 on 1 interview and are calling it a cult.
Yes Pyramids are illegal. But the definition of a pyramid is an organization that exchanges money and only focuses on recuiting new members. The reason Primerica is legal is because they actually sell a real product. HOWEVER, in the meetings they preach about recruiting, recruiting and more recruiting.. and only talk about how rich you can get. Not much talk about helping families with a quality PRODUCT.
Any business that focuses on RECRUITING over everything else is a pyramid scheme.
Many pyramid schemes are registered and claim to be legal "state to state". It's usually a loophole, where some nominal product is offered so the company can point towards a real product or service that is in fact being sold.
But as is evident in this video, Abunza works the same way, and we clearly see its member conceding that it's too difficult to make real money selling a bunch of ebooks or software.
Primerica works by getting new people to buy product upfront to resell, but really...
this is no different from paying for membership. Whether you pay upfront to resell a product or are just paying for membership, either way the focus is on recruiting new people and not on selling the nominal products.
"Primerica works by getting new people to buy product upfront to resell, but really this is no different from paying for a membership".
WRONG!
Ok, now I CAN TELL you are assuming.
Primerica is a financial sales company that was founded in 1977 without any aspect of MLM. Without writing business on CLIENTS (not recruits) ie, life/health ins,mortgage,securities, there is no way to generate an income and is not based upon internal consumption.
Actually, I'm not assuming because I've done the Primerica seminar where they wanted $5,000 up front for the benefit of working with them to resell their services. I'm speaking from experience and not assuming anything. Of course, this isn't the only thing Primerica does for business, but it is one method
What are you talking about??? $5,000 for what??? I am convinced you are not assuming but rather full of it or someone was trying to snow you big time! That's not how it works and I have been with PFS since 2002. I CAN TELL by some of the terminology you use that you are NOT familiar with Primerica.
The opportunity has cost $199 (cost of the ins license which the company reimburses) since the AL Williams days in the 80's up untill 2 years ago which is now $99 to join. Nothing costs 5 grand!!
"I am convinced you are not assuming but rather full of it or someone was trying to snow you big time!"
This coming from someone with the name of "RestofYourLifeOff" here trying to defend MLM all the while claiming that the video in question has nothing to do with the system you're talking about.
Self-conscious? You're either a victim in total denial or the perpetrator to the scams themselves.
"Nothing costs 5 grand!!"
Google, "Primerica wants $5,000". It's all over the place.
I'm so glad you said "looks like here that the product I'm selling is the advertisement I'm giving". I was wishing you'd drop that bomb on them. Haha! Boom!
vinieD 2 months ago
How do people not get that MLMs are designed for the people on the bottom to fail? What kind of business model is based on you signing up your own competitors? Eventually, the market oversaturates with too many sales people competing for not enough buyers and no one is making any money. It's Economics 101!
BearSeason 4 months ago
33 people work for abunza
crustytowel 4 months ago
I agree. The difference between a real legit business and a pyramid business is basically in the recruiting and how they get new recruits. For instance, a business will post for new positions. An MLM (or now called Network level marketing) will have regular advertised meetings where they parade their success stories to the visitors. I went to one for Primerica earlier in the year. Of the 70-100 people, at least 20 were handing over cheques and booking the initial audit session for $900.
recoveringxtian 4 months ago
@recoveringxtian
And there you have it my friend; you've been witness to how they make their money. Really if they had such a great idea, they'd be WORKING it instead of SELLING it :)
I'm working an idea now, and I would never in a million years try to reveal it to others and then have to compete with them.
malignantpoodle 4 months ago
@recoveringxtian 900$ wtf dude you lying little bitch. however It is so nice you and you boyfriend , manpoodle here have the same mindset lol.
owenbuca 4 months ago
@owenbuca How am I lying? The little financial audit they do for you is $900. Then they get you certified so you can charge your friends, $900 for their audit. Of course, the person who recruits you doesn't get a piece of that, right? Of course not. They get all their money from doing their audits and selling insurance. Hahahaha. Oh man. I almost made it without laughing. Almost.
recoveringxtian 4 months ago
@recoveringxtian you are lying, is this what you do for a living ? come on youtube and just make shit up all day? If you want a laugh look at your little dick as you bang your boyfriend.
owenbuca 4 months ago
This has been flagged as spam show
@owenbuca Awww, look at you. You don't have anything to say about what I said, so you just insult.
I'll tell you what. Go ahead. Keep throwing them out there. If you decide to say something worth responding to, I will. If you just throw out insults, it's boring. Well, at least yours are. All typical ones.
See if you can come up with something new. Interesting. Different.
recoveringxtian 4 months ago
@recoveringxtian I can not respond to you, you have no clue what posting facts are. go fuck your boy toy.
owenbuca 4 months ago
@recoveringxtian umm do you know how I know you are lying, or just plain stooooopid. It is called an Financial Needs Analysis and It's free dip shit !!
owenbuca 4 months ago
JASON "smells" like he is full of horse-shit! Stuttering his worlds and acting like he can't or won't talk.........The woman: "What does that mean, work for the people?" Stupid ass! LOL He said he has worked for OTHER people, in regular gigs with a salary or hourly-wage.........WOW!
thesiouxgoddess 7 months ago
@thesiouxgoddess
Haha.. right?
Yeah I think she was thinking, "work for the people" like I was a cop, investigator, or prosecutor or something. Paranoid. The whole point of her involvement was to try to take back control of the conversation.
Even THEY couldn't believe that someone wanted to buy into the bullshit haha.
malignantpoodle 7 months ago 2
@malignantpoodle There is something called the Black Business Builders Club.........they used to operate under another name, they are SCAMMERS themselves. They had me handing out flyers to bring more people on board and I NEVER got paid for my efforts. This happened last year, during 2010. Can you say PYRAMID SCHEME?? That is what they are, sir! No real products, items, or services to offer. Just keep recruiting more people down the line.
thesiouxgoddess 7 months ago
@malignantpoodle This is an excellent video by the way.........exactly what the scam of pyramid schemes are!
thesiouxgoddess 7 months ago
With the $1000. come in you get $947. and me being your sponser I get $250.
250+947=1197 So where did the 197 come from? Not to mention that his sponsor will a cut because you fall under his downline too and so on.
gaonasteve31 7 months ago
@gaonasteve31 $250 out of the $947 you make.
CyborgNinja7 7 months ago
well done!:)
kimmilynnful 7 months ago
GOOD WORK BRO SOUND INTERESTING and I can't belivethe goverment does not get more involed with this. this is a scam that should no longer be in the work.
raiitaly 8 months ago
KEEP EXPOSING THESE RATS
insanebeatjunkie 10 months ago
after all off this, he should av asked "how dose a magnet work?"
MyDonald45 11 months ago
COMMUNIST !!!!!!!!!!
MyDonald45 11 months ago
Comment removed
locovel10 1 year ago
haha i know its inappropriate , but listen to 2:41 and what does it sound like :p ... sorry i know its childish of me
fa3ilkhair 1 year ago
@fa3ilkhair hahahahahahahahhaha....LMAO
MyDonald45 11 months ago
Anyone have an opinion on LTD/Amway and whether or not it is legitimate?
SocrTrump 1 year ago
Unfortunately these schemes are very seductive. My ex-pastor attempted to sign me up into two separate "programs." It got so bad that everyone in the church were scrambling around trying to sign people up and the pastor was at the top.
Beware of Quick Start.
QualityControlTV 1 year ago
great video
edgarSmile 1 year ago
This has been flagged as spam show
I have pre-ordered it! :D I have the money I've earned with the system explained at ez-casino(dot)com
theoMelendezysez 1 year ago
@theoMelendezysez
laff
malignantpoodle 1 year ago
Excellent stuff. I have a friend getting sucked in to ACN and just can NOT see how she's being duped. Now she's attempting to get her friends into it, too. It's very sad, and I'm not going to enjoy watching it collapse and seeing friendships potentially destroyed.
SubconsciousGatherer 1 year ago
Hey thanks for the video malignantpoodle, well informative and well done.
warmoviesboy 1 year ago
Just exactly like how Primerica works. Smothers people with propaganda just to lure people in their "business."
hhvf06 1 year ago
It's so sad that people still get drawn into this. And no matter how gently you try to tell them that it is a fraud and the best thing they can do is to get out, they get defensive and claim their perticular one is "not the same as those other ones".
The thing it reminds me most of is cult brainwashing, and also some similarities to faith healing. The one who doesn't get healed didn't have enough faith, the one who didn't make it in the MLM didn't "try hard enough".
Pyramid tops should be shot
spingelingdingdong 1 year ago
"Say you come in and bring someone in at the 1000 $ level. Well you would make 947 off that person, and then me being your sponsor I would make 250 $ off that."
I don't get it... how can you make 1197 $ off someone who only paid 1000 $ ? Did I like not understand something here or something?
Supenmanu 1 year ago
I love how MLM people call real corporations "pyramid schemes". No, they're not pyramid schemes solely based on the fact that you can move up the corporate ladder! You can run a cash register while going college, get a business degree (which they might even help you pay for), and enter store management. With enough hard work, confidence and maybe an MBA, you can work your way up through the ranks. Upper management is not unattainable. An upper position in a pyramid, by contrast, IS unattainable.
rockboy88 1 year ago 10
@rockboy88
And the people in the pyramid scheme say exactly the same thing.
malignantpoodle 1 year ago 3
@rockboy88 AWESOME AWESOME AWESOME THANK YOU SO MUCH FOR SPEAKING THE TRUTH
angelsamurai101 1 year ago
@rockboy88 ur right,i knew someone who was in GDI for 3 years and didnt make 1 signup,I was in it myself for a lil bit until i realized it was a waste of time
TheDarkHadoken 8 months ago
question,
can you prove pre paid legal services inc. is a scam?
r3nr3n 1 year ago
i am involved in a mlm but i am sure its not a pyramid scam or wtv cause the company i am in is well known and i know what exactly they are selling..scams usually wont tell what product they are selling..
haikallp 1 year ago
@haikallp
Many pyramid schemes are well known companies. Some are even Fortune 500 companies.
Hell, look at Bernie Madoff! The guy was a reputable, established investor for years. Notoriety is not the end all be all of business integrity.
malignantpoodle 1 year ago
@haikallp
I don't get why people get involved in MLM. MLM has the same basic idea of a pyramid scheme, except it fits tightly within the legal limits of the law. If you want to earn money selling another company's products, why don't you become an affiliate of Amazon, or some other known company where you don't have to pay for a monthly subscription of products (usually useless products) in order to sell.
katelilith 1 year ago
@haikallp ACN?
SubconsciousGatherer 1 year ago
great video man, keep up the good work
zugimon21 1 year ago
u are very good at this, u convinced the lady u were "clean". are u a journalist?
d7gh2u99wd 1 year ago
i just watched their ad and got the number there. they dont look like their makin 5 figures a month. their camera sucks. if they were makin that much money couldnt they afford a decent pitch. i saw another lady give me a tour of her house as a pitch. like i care! also to you bro. whats with the hammer and sickle? and, i think its cool if you did, but did you film this in the toilet sounds like alot of running water in the background.
ohweloveeverton 1 year ago
Ah, that noise you hear in the background is my 55 gallon fishtank :)
Hammer and sickle... I wanted a shocking tattoo that was visible all the time. It works :P
malignantpoodle 1 year ago
947 plus 250... buy they came in at the 1000 dollar level. Invest 1000, payout 1197. Sounds sustainable to me *grin*
PandawdyBob 1 year ago
So malignantpoodle, has this abunza person you called ever came to you to defend himself?
He's got to know this vid is out there!
BrianMauk 2 years ago
He may not know. Can't say for sure.
But nah, I've never heard from him.
malignantpoodle 2 years ago
@malignantpoodle whats to defend? i dont get it
d7gh2u99wd 1 year ago
Great job - very powerful. I wish you the best of luck in spreading this word.
WorldVenturesScam 2 years ago 2
lol that guy was jason finch i know him
sXePwnageDan 2 years ago
haha yep
malignantpoodle 2 years ago
Another, is the "gifting" programs. To avoid the legal issues the claim is made that it is not illegal to give someone a "gift". The sad part is this goes on some churches.
dekala55 2 years ago
The hook. We have a product, but you don't have to sell the product to anyone. We want you to recruit others to sell the product. The riddle. Who sells the product? That was the question I asked when offered the chance to join a MLM. Not one person could tell who sells the actual product. I think the product/service part came in to avoid the legalities of NOT have a product/service to sell which companies must have.
dekala55 2 years ago
@dekala55 Other pyramids mask this by requiring everyone in the pyramid to buy the product. They'll lie and say you have to sell the product, but actually everyone consumes the product themselves. That's what Market America was before they transformed into their current form.
PandawdyBob 1 year ago
Yeah, you would be stupid to invest in say Google or Microsoft.
rancid2008 2 years ago
thank you so much for uploading this, why cant people see the dishonesty and stealing behind this bullshit scheme?
fillstar84 2 years ago
great vid. some people are too blind to see what's really going on. My friend once invited me to one of their meetings and told me that a bunch of other people interested in participating was going to be there. What really happened was that I was the only one there. Their boss directly tried to persuade me to joining. I thought it was great but when he told me I had to pay 1k to start. I could smell bullshit all over it. I left asap. my friend told me I was stupid. Now he's 1k less and jobless
xjinxrohx 2 years ago
Good choice!
malignantpoodle 2 years ago
great stuff...lol
broker645 2 years ago
This reminds me of an episode in The Office and an episode in King of Queens about pyramid schemes and MLMs.
sychkid 2 years ago
thats when i knew it was all bullshit, and then at the end of the 4 days it turned out we had to invest $2000 to start working for the company...
MetalBen 2 years ago
this is a nice vid.
i attended a 4 day "seminar" of one of these schemes once, they talked about how the average person is usually not a risk taker and how we were lucky enough to be in there . They were basicly trying to break us down and change our paradigm, and i remember at one point a cute young girl asked if we could have a 5 minute recess to grab a bite, since it was a 6hour presentation w/ only one break in between and they guy giving the presentation got irritated and kicked her out.
MetalBen 2 years ago
Haha, I see the MLMers have swamped the comments section. Folks, you should listen to malignantpoodle, he nails it spot on. MLM products may be good, but they're only a facade for the real business, which is selling the "opportunity". Leverage? Ha! The only people who make money are those at the tiny top of the funnel. The scheme can continue as long as the MLM can keep "motivating" new people to replace everybody who drops out, but it's doomed by design to failure. RUN AWAYYY!!
armydiller 2 years ago
call sec
americadashi 2 years ago
There should be more videos like these in every field of life, educating people about the truth. Earning money is not a very easy thing in life, as such, we should realize that folks who try to cheat simple people off their hard earned money are really evil.
tenzvideos 2 years ago
But this video is also going on the assumption that EVERYTHING in MLM/Network marketing is a scam, which even by official definition is NOT the case.
You are right, people that cheat people out of money are evil, PERIOD! But even the FTC website draws a distinction in it's definition between illegal "Pyramiding" and MLM as a product /service distrabution business model.
MasterKeyMindset 2 years ago
lol, Obviously a newbie himself. This must have been the guys first call and his wife had to get on the phone so he could figure out what in the heck he's doing, trying to find the "websight"...
ThoughtisPower 2 years ago
What about amway / Quixstar?
1j35u5fr3ak 2 years ago
malignantpoodle is right on through out this, the people who are trying to legitimize mlm are weak pathetic people who have no education or actual business skills. Thats why they have no friends because all they want to do is solicit those crappy products to them. These guys would sell there own mother if she wasnt nailed to the ground!
TyTyStav 2 years ago
Ty, nice stereo typed generalization of anything MLM. There is alot of truth in this video, however there are some solid and legit companies that utilize the MLM business model. There are some good health and nutrition companies and also companies that offer SEO/marketing education that use direct sales as well as alot of bull shit money games out there.
Stagliano27 2 years ago 12
@Stagliano27 Those "good" health and nutrition companies you mention use similar tactics of misdirection and lies to sell their products. Just because they actually HAVE a product, compared to a flat-out scam with nothing, doesn't mean it's a good product. If they claim it's a cure for cancer, MS, diabetes, bowel disease, and every other disease known to man, it's not true.
CyborgNinja7 7 months ago
Is your avatar that guy claiming himself to be the Messiah reborn?
KrypticAsylum 2 years ago
Benny Hinn? If that's him, then yes!
malignantpoodle 2 years ago
Bahahah! The ultimate rip off artist. Kinda.
KrypticAsylum 2 years ago
"build remote control cars".....LOL!
chiquisbaby81 2 years ago
just making shit up off the top of my head because they were nervous about me. It worked too.
malignantpoodle 2 years ago
hahaha....nice vids by the way.
chiquisbaby81 2 years ago
that WAS pretty good! lol!
majest33 2 years ago
Comment removed
majest33 2 years ago
You've earned yourself a subscriber! I hope you make more videos - the more knowledge the better.
Omegaslayah 2 years ago
Abunza sounds too much like Ubuntu, it's distracting me.
cyborgtroy 2 years ago
this guy tries to compare getting in a pyramid scheme to getting a job when usually thats the selling point is your not supposed to have to work very hard at all. getting in a pyramid scheme is more akin to being an "investor" who hopes to recruit other "investors" for his or her own branch of the pyramid. Competition with other "schemers" above you or in unaffiliated branches is real but in our conventionalist society its not really a factor. the real failure factors are illegality & skepticism
majest33 2 years ago
Wrong. The failure factors are in the insolvency of the structure. The source of income is new membership without producing a product or real service, that is not a system that can be maintained. You aren't investing in anything, rather paying someone else off and then trying to get your money back.
This isn't at all like being an "investor".
malignantpoodle 2 years ago
"You aren't investing in anything, rather paying someone else off and then trying to get your money back
"Ok but thats what an investment pretty much is.
except in the stock exchange you just sit and hope you get your money back+
in pyramid you work or scam or whatever to get others to "invest" so you get your money back x 7. I don't believe in the mathematic insolvency isue its unrealistic..there will never be s shortage of "customers" because it will never get THAT popular.
majest33 2 years ago
Bad analogy. The stock market is regulated. There are SEC filing rules, obligation to share holders, not to mention reports that must be issued by publicly traded companies that reveal their financial status. An investor can take this information, and some of these protections, and make an educated choice for investment.
A pyramid scheme enjoys NONE of these benefits.
malignantpoodle 2 years ago
The only way you can never have a shortage of customer is if you have an infinite number of people.
Here's what you aren't realizing; wherever the customer base runs out, the majority of people lose money, whether it stops at tier 2 or tier 2,000. The bigger it gets, the higher number of people that lose money, but the majority involved ALWAYS lose money regardless of how small or big the program becomes.
It is not self-sustaining. If you get paid based on recruitment, it can never be.
malignantpoodle 2 years ago
thats not true. for example the principle of customer retention does not rely on an infinite number of customers, but on their returning to the vendors. Maybe I'm missing something but most description of Pyrmids say that after a certain number of "recruits" join the top members drop off the system..why wouldn't at least some of these members rejoin for another round?
majest33 2 years ago
"...but on their returning to the vendors."
It always ends at the last tier, and the last tier is the majority of people. In large scams, the last tier is often 15-20x larger than the one before it, and all of those people will lose money.
Notice something, with most scams you're often recruited by the organization itself in which case all but the organization loses money
Few offer reinvestment, but given that most people can barely make their money back the first time around...
malignantpoodle 2 years ago
... it doesn't make sense to reinvest.
Either you are making money with the problem (hence reinvestment is pointless) or you lost money in which case there is no incentive to reinvestment.
malignantpoodle 2 years ago
ok so the "dropping off" of the upper tiers is a lie then. I don't even know any current pyramid schemes to try. Your claiming that this abunza is a scheme but yet they provide a service and apparently operate legally..so its just your opinion that their services are worthless the same could be said of WAL marts products that doesn't make it true. your spreading lies I think to give yourself this whistle blower image..I just hate misinformation.
majest33 2 years ago
"Your claiming that this abunza is a scheme but yet they provide a service and apparently operate legally"
Bernie Madoff operated legally for years. How about you give him your money?
"so its just your opinion that their services are worthless the same could be said of WAL marts products that doesn't make it true."
Wrong. Wal-Mart sells a product at a profit, they don't depend upon large investment from employees to operate.
malignantpoodle 2 years ago
"your spreading lies I think to give yourself this whistle blower image..I just hate misinformation. "
Oh I see, you're an Abunza supporter and have been all along.
Have fun getting your money back dumbass. If you think this is misinformation and Abunza is so great, why aren't you sending them money right now? Put your money where your mouth is, since Abunza operates legally and they provide a service, let's see you make some money with them.
malignantpoodle 2 years ago
Firstly I never even heard of Abunza till I saw this video. But I listened to the video..and I heard the guy say that his company offers ebooks and products on his website..that makes it NOT a pyramid. even if you or millions of others don't like the products. Even if they're crappy! I'm not interested in googling Abunza. Your crank calling this guy, TRYING to fake him in some bizzare expose, WHY? spreading disinformation about pyramid schemes, to make yourself important?
majest33 2 years ago
So without doing any research at all, you just conclude that Abunza is legit and I'm just giving misinformation.
Please, please, please send your money to them :)
malignantpoodle 2 years ago
I never said they were legit and yes I came here to find out why people claim pyramids are unsustainable..I don't believe It so seems like disinformation to me..theres mostly ignorance about Pyramids...WHY. Most know that pyramids are illegal. You've not proven that abunda is illegal. Your "evidence" here contradicts that. You recorded him verifying purchasable products and services though he downplayed their value. I don't have to be an abunda supporter to see holes in your commie arguments.
majest33 2 years ago
"You recorded him verifying purchasable products and services though he downplayed their value."
Any idiot can see that those e-products are junk and as he admitted, money is made from signups. It will cost you $2000.
Please, send them your money. Nobody can save you from your own gullibility so I guess the next step is for you to quit wasting your time here and start making millions by giving away $2k lol
malignantpoodle 2 years ago
A lot of these scams offer some novelty items as a front. It's quick and easy to say, "Oh I seel ebooks and software" as opposed to explaining that you make money (if any) by taking other people for $2k at a time.
"I don't have to be an abunda supporter to see holes in your commie arguments."
Ah, ok. This explains why you've been going on about it. Please, go on and send them your money, or are you already trying to make it back?
malignantpoodle 2 years ago
You also heard that the only way to make real money is by recruiting others. It's $2,000 to join.
Yeah sure, you've never heard of it at all, you just came here, the neutral observer, wanting information, and without being biased or involved, found the truth; that I'm just full of shit.
You act like I'm the only person in the universe talking about this lol.
Sure buddy, you've got no interest whatsoever in supporting the image of these scams. Sure.
malignantpoodle 2 years ago
@majest33 Shut up. You're obviously with Abunza. You MLM goons are TERRIBLE at making fake objective posts. Go back under the rock from whence you came.
rockboy88 1 year ago
how the hell are you comparing a publicly traded company that sells material products to repeat buyers with a company that offers no real product or service and expects theirs members to solicit others to make any money?
sproutness 2 years ago
I'm not comparing the company's I'm illustrating the difference between fraud and crappy products. There are lots of legitimate companies that are not publicly traded it does not make them pyramid schemes. Also publicly traded companies can still be full of B.S. You say "real" product or service. I can sell ROCKS on the internet and if people buy them it's a "real" business offering "real" "products". But if I'm looking for investors, I will try to sell them the business moreso than the rocks.
majest33 2 years ago
Yes, you were comparing the companies. You said, "the same thing can be said about Wal-Mart".
The selling rocks thing... how much money am I out if I buy your rock vs. $2,000 with Abunza? By the way, at least I know what I'm buying, and that rock is going to be worth more than what I get from Abunza.
I also am told "here's a rock for sale", I'm not being lied to with hopes of wealth to play on my needs to get my money.
malignantpoodle 2 years ago
If you think you can make money at it, give it a try :)
malignantpoodle 2 years ago
thanks for de vid, my mom got caught in one of these schemes; its called travel one, never give any attention to those guys.
elsantoerick 2 years ago
Good Job
accout001 3 years ago
nice vid!!
einnor212 3 years ago
thanks for making this video, i have gone to 2 presentations and i knew it was bull, both where made by different ppl but delivered the same lies, im hispanic and these presentations were about how poor hispanics are and how hard it is to get a good job and that they were there to help, i thought it was sad that they tried to make ppl feel like failures just to get money off them, and some ppl buy into these things and lose time and money.
CLAUDIAV1 3 years ago
please adjust the ballcock in the toilet tank, and it'll stop running
Freezer777 3 years ago
The noise you hear is actually a 55 gallon fish tank. That is the pump running. I have 3 African cichlids in there and they'd be quite displeased if I turned off their pump depriving them of oxygen.
malignantpoodle 3 years ago
Great videos. People seem to think you must be "lied to" to be scammed or that no one in your 'position' of the scam has ever made money.
In reality it seems that scams are much more complex (as in the case of a pyramid scheme).
Have you read about Bernard Madoff? He used a Ponzi scheme to make billions of dollars, and just recently (end of 2008) was caught.
smcmillan88 3 years ago
If you double a penny exponentially 35 times, you will have more than a million dollars.
So anyone who watches this video, please mail me some cash. :) and forward a link to this video No scam here, I will just take your money, for my advice.
OrignalLignator 3 years ago
QUIXTAR AND MAXGXL!!!!!
FenrirOmega13 3 years ago
Comment removed
2000trademark 3 years ago
Great video. Jason sounds like a real piece of work. These people trying to scam you out of your money piss me off. I just got a job selling junk on the street for a pyramid scheme business, and realizing what it was quit after 1 day when I discovered it was a total scam because there is NO REAL PRODUCT.
higgolini 3 years ago
What is happening is this gentleman is looking at the world of network marketing/direct sales with the work for hire/consumerism mentality. A paradigm shift has to take place in order to see network marketing. Most people do fail in network marketing, as do most people in traditional business. Next time try a more seasoned professional in network marketing and your arguments would be rebuffed.
ksolomon98 3 years ago
Nobody has been able to rebuff my argument on this.
You see, I know all about the market. My argument isn't based upon what Jason says about the market, Jason just gives us a working example of what I'm talking about.
malignantpoodle 3 years ago
You are very articulate and intelligent and I appriciate that in people, yet at the same time in your videos (not just this subject), you portray an arogance of infallibility.
Not meant as a cut down, just an observation in terms of your style of commentary.
poorlittlebaby99 3 years ago
Not sure where you get that, I'm a terrible speaker and consistently have to correct myself.
As far as content, I do lots of research before turning on the camera. A lot of people on youtube will get an idea, then shoot and upload. I spend days or even weeks looking into the subjects I post about, and sometimes even longer than that.
malignantpoodle 3 years ago
That's actually a lesson I wish more people would learn on YT in terms of making commentary styled videos. Instead of someone just running their mouth on camera, if they did at least some basic research, their final product would be of a higher caliber of content.
poorlittlebaby99 3 years ago
This guy obviously isn't making money! If you has to spend his time slamming other people... then why in the hell would anyone want to give you the time of day!
I know from personal experience that Abunza isn't a pyramid scheme and that people are making crazy money with it.
A pyramid scheme is when the people at the top are making all the money with no product. Like cash gifting... this is pretty close to a scheme; however, it's totally legal.
sarahpalin23 3 years ago
A pyramid scheme is when people make money off of selling the business opportunity and not any real product or service. The only way you make any money is if you get another sucker to sign up for the non-existent business model.
That's exactly what Abunza does, as proven in the second part of this series when I talk to an Abunza associate.
malignantpoodle 3 years ago
"sarahpalin23"
Your username pretty much gives away that you're exactly the type of vulnerable idiot that would buy into a pyramid scheme!
higgolini 3 years ago
This has been flagged as spam show
Nice Video. Check out TubeViews (dotnet) If you need your video exposed, It has really helped me a bunch. Be blessed!
Nice.
Olaesmith 3 years ago
Thanks for the tip.
However, I'm against manipulating the statistics of videos, even if doing so would be in my favor. Exposure would certainly be nice :)
...but purchasing hits or ratings which are produced artificially undermines the accuracy of the feedback I get on my videos.
malignantpoodle 3 years ago
Sorry this all stemed I guess from seeing people who maybe tried something online and failed and blamed the company or their sponsor for their failure. I can understand people feeling frustrated but I want people to actually make money online I see potential in people just with the fact they took action to make a video to give their opinion about a company. Abunza aint crap money wise, Aymen author of Arbitrage Conspiracy makes 50k-100k per day with CPA networks. Google it you wont regret it.
MoneyMakerJason 3 years ago
The reality is that the very vast majority of people that try this stuff fail. It's not one or two people that didn't have a good experience and ended up blaming the company. Most people involved with these systems will fail.
They only way they don't fail is if they can convince enough people to buy in. And those people have to do the same.
"Aymen author of Arbitrage Conspiracy makes 50k-100k per day with CPA networks."
Right, I never debated that the people at the top make the money.
malignantpoodle 3 years ago
I typed Abunza because this is the 1st company I heard about when I started online and wanted to see how it is now. Well sorry again for what I said but really check out information about CPA networks its free.
MoneyMakerJason 3 years ago
The one you referred me to wants money. "Click here for 3 easy payments of $737" - from Arbitrage Conspiracy.
That's how they're making money; selling the idea, not working it.
"Well sorry again for what I said"
No worries.
malignantpoodle 3 years ago
Look at my fucking channel thats why I have no videos I deleted all the other videos I have. I only do CPA now.
MoneyMakerJason 3 years ago
So let me get this straight, you're coming here to criticize something that you're not even a part of, explaining how you can make money off of Abunza, and then admitting that you deleted your videos and don't do it anymore.
LOL
malignantpoodle 3 years ago
LMAO so just because people probably used programs to spam comments I am affiliated with them. I don{t even care about them anymore I don{t do MLM or direct sales anymore I run CPA offers with various CPA networks. Type in Arbitrage COnspiracy
MoneyMakerJason 3 years ago
"This is my last time I comment to you"
O rly?
"Type in Arbitrage COnspiracy "
Same shit different name. Maybe I'll do a video on that one next.
malignantpoodle 3 years ago
I don{t even do MLM or Direct Sales anymore moved onto CPA networks way more money in there to be made. This is my last time I comment to you hate talking to poor uneducated people. That{s why you are in that position.
MoneyMakerJason 3 years ago
If you were making any money, you wouldn't need a youtube account begging people for theirs. You'd be working your idea, not trying to sell it.
And that's the bottom line.
malignantpoodle 3 years ago
I know you are retarded that{s what I know LMAO. Maybe you joined and didn{t make any money because you suck at marketing and have no leardership looking like the piece of shit you are. No one would ever join you in MLM or direct sales so why not just talk shit about it and waste your time.
MoneyMakerJason 3 years ago
"No one would ever join you in MLM or direct sales so why not just talk shit about it and waste your time."
This, coming from someone whose account profile has comments on it from suspended accounts where different MLM people try to recruit each other because they're so desperate for cash. You're 19 and talking out of your ass. Get a job.
malignantpoodle 3 years ago
Dude STFU Abunza is not a scam. You are broke and thats why you are there and top earners are living wealthy. Who gives a fuck if you recorded the call get all technical and shit. Abunza is not a scam if you make your first sale you already made your money back not even a 1'up system.
MoneyMakerJason 3 years ago
Hahahaha Abunza is bullshit and you know it .
Or, maybe you don't know it... yet. Important thing is, I know it.
malignantpoodle 3 years ago
Thanks... (Five stars)
P.S.
See my "Million Dollar Video"
milli0nd0llar 3 years ago 7
Your video is exactly the type of thing I'm talking about. Put it as a response again so I can display it for people to see.
malignantpoodle 3 years ago
Now taking stabs at the screen name? haha, wow. You just proved you have no clue what you are talking about. Now your just spewing hatred of mlm. It's all just a pyramid scheme to you right? I have spoke the truth about Primerica and how it works, so you can do 100 of these videos standing on your head and it's clear your full of shit. It is a real and legit company and that is a matter of record, end of story!
Shall I change my name to "Stuckinacubicle" is that more employeeistic for ya?
RestofYourLifeOff 3 years ago
"Now taking stabs at the screen name?"
It fits the type of bullshit perspective that dickhead rip-off artists try to convey. Most people aren't stupid enough to fall for the bullshit, but you can always try to appeal to the greedy or desperate with pathetic stupid shit like "make $20k/month" or "money for nothing", and yes, even, "rest of your life off".
If you were making any real money, you wouldn't be here trying to prove your point to someone that obviously knows better.
malignantpoodle 3 years ago
"It is a real and legit company and that is a matter of record, end of story!"
Actually, it's a bullshit sleaze-ball of a company that is quasi-legal due to loopholes that owes their appearance as a legitimate opportunity to their dogmatic followers that go everywhere trying to reassure people that all is well, when they're really trying to sell them something.
"hall I change my name to "Stuckinacubicle" is that more employeeistic for ya?"
Self-employed and comfortable, and not through MLM.
malignantpoodle 3 years ago
and in my line of work, I don't have to go around trying to recruit people, beg for money, and paint these pictures of exuberant wealth for nothing. I don't rely on public opinion either, and best of all; I can pick any name on YouTube I want, because I don't have to use every bit of resource I have trying to get suckers to buy in so I can get paid.
malignantpoodle 3 years ago
Agents are also free to not recruit and just build a client base, a few in our office do it like that.
Also, Have you sat through a presentation? It's all about helping the client. Everything form the rule of 72 to how Whole/Universal life policies screw families and how PFS is a buy term invest the difference company only and how the banks keep people's money safe (Safe from ever growing)??
Or were you sitting there with arms crossed looking for the "GOTCH YA"??
RestofYourLifeOff 3 years ago
As far as recruiting? Recruiting is not something that is inherently evil, wrong or bad, also no money is derived form recruiting, thus perfectly legal. On the kitchen table presentation the products come first and recruiting on the back end.
I know I have posted too much already but maybe just maybe understand what you are looking and before you start spewing pyramid/cult rhetoric..
RestofYourLifeOff 3 years ago
"As far as recruiting? Recruiting is not something that is inherently evil, wrong or bad, also no money is derived form recruiting, thus perfectly legal."
Nothing really wrong with recruiting, unless you're either making money off of membership, or in the case you're talking about, what actually happens is that the new recruit buys products for resale and the money is made upon their induction into the system which is complete when they've purchased product.
malignantpoodle 3 years ago
"in the case you're talking about, what actually happens is that the new recruit buys products for resale and the money is made upon their induction into the system which is complete when they've purchased product"
malignantpoodle, I can see right off the bat, your going to spin everything back in to the Pyramid argument and assume it all works the same. There is no autoship or any financial service that a rep is required to buy. Money is only made in a override situation based upon the-
RestofYourLifeOff 3 years ago
"There is no autoship or any financial service that a rep is required to buy."
Then why are you here? I mean if you're talking about something entirely different that the situation described in these videos, what's the point of posting here on it if you're talking about something different?
malignantpoodle 3 years ago
production the agent produces as a result of the difference in contract levels. When you have a sales manager and a sales team, there will be a difference paid in relation to an override pay structure, which is common in the sales industry. Car dealerships,Realestate sales,Mutual fund/financial brokerages work this way.
RestofYourLifeOff 3 years ago
"Car dealerships,Realestate sales,Mutual fund/financial brokerages work this way."
They do not work by getting the bulk of their income from recruiting new employees that must pay into the system in order to support it. They also earn most of their money from other real products or services. The only "spin" here is coming from you, by trying to equate MLM schemes with legitimate businesses that do not in fact have similar models.
malignantpoodle 3 years ago
Sounds like Primerica!! And I just got involved with them.. now I'm going to get my money back and run as fast as I can!
Thank you for posting this!!
Borat2borat 3 years ago
Actually Primerica is a heavily regulated and legit financial services company. Just because it does not resemble a traditional job does not constitute it as a scam. It's an entrepreneurial sales enviornment. It sounds like you just strayed too far from your time clock is all...
RestofYourLifeOff 3 years ago
I never said it was a "scam" I said it whats a "scheme".. a Pyramid scheme to be exact.
No real job makes you PAY to work for them. And a business focused on selling a real product does not tell all its workers to focus primarily on recuiting.
It's a pyramid scheme and a business cult.
Borat2borat 3 years ago
It's not a pyramid scheme. Pyramids are illegal. Primerica is registered as a General Agency and as a life insurance broker/dealer, mortgage broker/dealer and a securities dealer. FBI background is conducted along with finger printing before you can be affiliated with PFS. The company is in compliance with all state to state laws and answers to it's many regulators (Such a pyramid scheme, I know, lol). You just walked into a group setting and not a 1 on 1 interview and are calling it a cult.
RestofYourLifeOff 3 years ago
Yes Pyramids are illegal. But the definition of a pyramid is an organization that exchanges money and only focuses on recuiting new members. The reason Primerica is legal is because they actually sell a real product. HOWEVER, in the meetings they preach about recruiting, recruiting and more recruiting.. and only talk about how rich you can get. Not much talk about helping families with a quality PRODUCT.
Any business that focuses on RECRUITING over everything else is a pyramid scheme.
Borat2borat 3 years ago
Many pyramid schemes are registered and claim to be legal "state to state". It's usually a loophole, where some nominal product is offered so the company can point towards a real product or service that is in fact being sold.
But as is evident in this video, Abunza works the same way, and we clearly see its member conceding that it's too difficult to make real money selling a bunch of ebooks or software.
Primerica works by getting new people to buy product upfront to resell, but really...
malignantpoodle 3 years ago
this is no different from paying for membership. Whether you pay upfront to resell a product or are just paying for membership, either way the focus is on recruiting new people and not on selling the nominal products.
malignantpoodle 3 years ago
"Primerica works by getting new people to buy product upfront to resell, but really this is no different from paying for a membership".
WRONG!
Ok, now I CAN TELL you are assuming.
Primerica is a financial sales company that was founded in 1977 without any aspect of MLM. Without writing business on CLIENTS (not recruits) ie, life/health ins,mortgage,securities, there is no way to generate an income and is not based upon internal consumption.
RestofYourLifeOff 3 years ago
Actually, I'm not assuming because I've done the Primerica seminar where they wanted $5,000 up front for the benefit of working with them to resell their services. I'm speaking from experience and not assuming anything. Of course, this isn't the only thing Primerica does for business, but it is one method
malignantpoodle 3 years ago
What are you talking about??? $5,000 for what??? I am convinced you are not assuming but rather full of it or someone was trying to snow you big time! That's not how it works and I have been with PFS since 2002. I CAN TELL by some of the terminology you use that you are NOT familiar with Primerica.
The opportunity has cost $199 (cost of the ins license which the company reimburses) since the AL Williams days in the 80's up untill 2 years ago which is now $99 to join. Nothing costs 5 grand!!
RestofYourLifeOff 3 years ago
"I am convinced you are not assuming but rather full of it or someone was trying to snow you big time!"
This coming from someone with the name of "RestofYourLifeOff" here trying to defend MLM all the while claiming that the video in question has nothing to do with the system you're talking about.
Self-conscious? You're either a victim in total denial or the perpetrator to the scams themselves.
"Nothing costs 5 grand!!"
Google, "Primerica wants $5,000". It's all over the place.
malignantpoodle 3 years ago