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RE: Can My Opportunity Still Be A Scam or Ponzi Scheme If There Is A Product and I'm Making Money?

in #bitcoin7 years ago

I joined an MLM called Fortune High-Tech back in 2006-2007. Everything was so flashy at the get togethers and there were all these people talking about success. It seemed like quite the opportunity. Basically I ended up just buying some overpriced vitamins for a year and didn't renew. I looked them up awhile ago and the FTC apparently closed them down for being a pyramid scheme. That was my one and only foray into MLM. I know I am not a good sales-person and maybe I could have been successful if I had great people skills. But the vast majority of this particular MLM didn't make money. Somewhere between 96-98% of recruits lost money depending on the articles I read. Oh well it was

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@penname I remember FHT (Paul Oberson from top income earner from Excel Telecommunications). You are correct that a very large majority of the independent distributors never make more than $1,000 with any particular company. Sad but true.