Pyamid Companies

by **Vincenzo** » Mon Mar 16, 2015 3:58 am

That may not be the newest catch phrase, but has anyone here had any success with working these types of jobs? My daughter is really interested in signing on for one. Can you give some pointers, pros and cons, things to be aware of, ways to make an endeavor like this successful? She is very artistic and highly driven. But I have always heard bad things about companies that operate this way.

by **Holwell** » Mon Mar 16, 2015 8:33 am

darwin? said: 2 Unfortunately, there are some illegal travel agency schemes. You can read about them at http://www.classactionlitigation.com/library/ita.htm which says in small part "The number of instant travel agents is staggering. The International Airlines Travel Agent Network [ " IATAN " ] reported that its 1995 membership stood at 237,405 of which 24,383 ID cards were in the possession of non-professional independent contractors. InteleTravel International reported that its 1995 membership stood at 35,000 card holders who generated annual sales of $100 million....Some of the companies in the business of selling travel agent ID cards may be illegal pyramid schemes. On the surface multilevel marketing companies recruit non-professionals to retail products and services from their homes. In reality, what is being sold is the opportunity to recruit new participants and earn a commission from the new recruit's sales and future recruiting efforts. Such schemes are inherently deceptive, misleading and illegal in many States." and "Instant travel agents are non-professionals who purchase travel agent credentials. Travel agent ID cards along with some training are sold by 50 different companies for prices ranging from $485.00 to $7,995.00. Some of these companies are involved in illegal pyramid schemes, educational frauds, and/or violating State security laws and State travel seller statutes."Some of the companies they mention that are bad are Jetaway Travel Corporation, World Class Network, Inc, and NU-Concepts in Travel, which charge just under $500. Check with the Better Business Bureau at least or google travel agency pyramid schemes.For your daughter's sake I hope it is legit but you may want to actually google the name of the company plus the word pyramid scheme or fraud or litigation.Good luck! 93 months ago

by **beceere** » Mon Mar 16, 2015 9:49 am

darwin, regarding your answer "There are two possibilities based on the wording of your question.": Wow, I dint even know there was a "Pyramid Company". You gave a lot of very good information. This particular company is a travel agency and actually has an office here locally. But I'm still skeptical. There is a $500 investment involved. She is so gunho on this. I hope its legitimate.

by **Kedric** » Mon Mar 16, 2015 12:33 pm

Unfortunately, there are some illegal travel agency schemes. You can read about them at http://www.classactionlitigation.com/library/ita.htm which says in small part "The number of instant travel agents is staggering. The International Airlines Travel Agent Network [ " IATAN " ] reported that its 1995 membership stood at 237,405 of which 24,383 ID cards were in the possession of non-professional independent contractors. InteleTravel International reported that its 1995 membership stood at 35,000 card holders who generated annual sales of $100 million....Some of the companies in the business of selling travel agent ID cards may be illegal pyramid schemes. On the surface multilevel marketing companies recruit non-professionals to retail products and services from their homes. In reality, what is being sold is the opportunity to recruit new participants and earn a commission from the new recruit's sales and future recruiting efforts. Such schemes are inherently deceptive, misleading and illegal in many States." and "Instant travel agents are non-professionals who purchase travel agent credentials. Travel agent ID cards along with some training are sold by 50 different companies for prices ranging from $485.00 to $7,995.00. Some of these companies are involved in illegal pyramid schemes, educational frauds, and/or violating State security laws and State travel seller statutes."Some of the companies they mention that are bad are Jetaway Travel Corporation, World Class Network, Inc, and NU-Concepts in Travel, which charge just under $500. Check with the Better Business Bureau at least or google travel agency pyramid schemes.For your daughter's sake I hope it is legit but you may want to actually google the name of the company plus the word pyramid scheme or fraud or litigation.Good luck!

by **maelisa** » Mon Mar 16, 2015 1:46 pm

Pyramid schemes can work out... for a handful of individuals. Basically, her own hard work is unimportant; her skills and ability will actually pull her in the wrong dircetion. If the company is truly established as a pyramid, then the way for her to make money is to be good at recruiting other people. The people she recruits should be good at recruiting other people, and those people should be good at doing the work. So if she recruits 10 people, and they recruit 10 people each, then she has 100 people doing actual work(whatever this particular company does), from which she'll get a percentage. If she spends her time 'doing the work' than it's already too late, as there are too many people above her in the pyramid taking a percentage of the profit her work derives - she'll never work hard enough to outrun herself. And yes, you should have always heard bad things about these companies - in the cases where the company skirts the legal boundary and stays within the law, it's still being run as a pyramid scheme which is less beneficial to most workers than the typical day job. Only if she can get into a top tier will it work out, and even then she is one of the exploiters instead of one of the exploited. There are plenty of successful business models out there, ones where all participants(owners, managers, employers, vendors and clients) all benefit. Go for one of those instead. It's rewarding on many more levels. ProtonAgonist 93 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.

by **Broderik** » Wed Mar 18, 2015 3:36 am

for a handful of individuals. Basically, her own hard work is unimportant; her skills and ability will actually pull her in the wrong dircetion. If the company is truly established as a pyramid, then the way for her to make money is to be good at recruiting other people. The people she recruits should be good at recruiting other people, and those people should be good at doing the work. So if she recruits 10 people, and they recruit 10 people each, then she has 100 people doing actual work(whatever this particular company does), from which she'll get a percentage. If she spends her time 'doing the work' than it's already too late, as there are too many people above her in the pyramid taking a percentage of the profit her work derives - she'll never work hard enough to outrun herself. And yes, you should have always heard bad things about these companies - in the cases where the company skirts the legal boundary and stays within the law, it's still being run as a pyramid scheme which is less beneficial to most workers than the typical day job. Only if she can get into a top tier will it work out, and even then she is one of the exploiters instead of one of the exploited. There are plenty of successful business models out there, ones where all participants(owners, managers, employers, vendors and clients) all benefit. Go for one of those instead. It's rewarding on many more levels.

by **pearroc94** » Wed Mar 18, 2015 9:15 am

I am not certain which you mean so I will address both. You need to find out more about your daughter's employment opportunity.--------------------------------------------The Pyramid Companies is a legitimate corporation that runs 20 different retail centers(big ones) in New York and Massechusetts. They have been around since 1970. They describe themselves thusly:"The Pyramid Companies are a privately held developer, owner and manager of innovative retail, entertainment, recreation and tourism centers.Proven Track Record26 million square feet developed 20 regional shopping centers Approximately $5 billion in annual retail sales 16.2 million people in Pyramid network trade areas 180 million annual Pyramid customer visits Dominant locations, highest visibility and best access Northeast corridor: most densely populated area in the US Keys To SuccessFocused: will take and manage risks Tenant mix: lease for the best and most diverse Leaders: establishing non-traditional retailers in malls Re-investing: facilitate significant investment across the portfolio Organization: focused on leasing and sales, empowered, decision-making managers"-----------------------------------On the other hand, there is a thing called a Pyramid Scheme. These, quite frankly, are illegal although there are a few companies that skirt the law closely. This is how Wikipedia puts it in a nice, succinct fashion:"A pyramid scheme(also known as "Pyramid Scam") is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, usually without any product or service being delivered. Pyramid schemes have existed for at least a century. Matrix schemes use the same fraudulent non-sustainable system as a pyramid; here, the victims pay to join a waiting list for a desirable product which only a fraction of them can ever receive.There are other commercial models using cross-selling such as multi-level marketing(MLM) or party planning which are legal and sustainable, although there is a significant grey area in many cases. Most pyramid schemes take advantage of confusion between genuine businesses and complicated but convincing moneymaking scams. The essential idea behind each scam is that the individual makes only one payment, but is promised to somehow receive exponential benefits from other people as a reward. A common example might be an offer that, for a fee, allows the victim to sell the same offer to other people, such as AdBux. Each sale includes a fee to the original seller.Clearly, the flaw is that there is no end benefit; the money simply travels up the chain, and only the originator(or at best a very few) wins in swindling his followers. Of course, the people in the worst situation are the ones at the bottom of the pyramid: those who subscribed to the plan, but were not able to recruit any followers themselves. To embellish the act, most such scams will have fake referrals, testimonials, and information.The key identifiers of a pyramid scheme include the following:A highly excited sales pitch(sometimes including props and/or promos). Little to no information offered about the company unless an investor purchases the products and becomes a participant. Vaguely phrased promises of limitless income potential. No product, or a product being sold at a price ridiculously in excess of its real market value. As with the company, the product is vaguely described. An income stream that chiefly depends on the commissions earned by enrolling new members or the purchase by members of products for their own use rather than sales to customers who are not participants in the scheme. A tendency for only the early investors/joiners to make any real income. Assurances that it is perfectly legal to participate."

by **wakeley58** » Fri Mar 20, 2015 2:46 am

There are two possibilities based on the wording of your question. I am not certain which you mean so I will address both. You need to find out more about your daughter's employment opportunity.--------------------------------------------The Pyramid Companies is a legitimate corporation that runs 20 different retail centers(big ones) in New York and Massechusetts. They have been around since 1970. They describe themselves thusly:"The Pyramid Companies are a privately held developer, owner and manager of innovative retail, entertainment, recreation and tourism centers.Proven Track Record26 million square feet developed 20 regional shopping centers Approximately $5 billion in annual retail sales 16.2 million people in Pyramid network trade areas 180 million annual Pyramid customer visits Dominant locations, highest visibility and best access Northeast corridor: most densely populated area in the US Keys To SuccessFocused: will take and manage risks Tenant mix: lease for the best and most diverse Leaders: establishing non-traditional retailers in malls Re-investing: facilitate significant investment across the portfolio Organization: focused on leasing and sales, empowered, decision-making managers"-----------------------------------On the other hand, there is a thing called a Pyramid Scheme. These, quite frankly, are illegal although there are a few companies that skirt the law closely. This is how Wikipedia puts it in a nice, succinct fashion:"A pyramid scheme(also known as "Pyramid Scam") is a non-sustainable business model that involves the exchange of money primarily for enrolling other people into the scheme, usually without any product or service being delivered. Pyramid schemes have existed for at least a century. Matrix schemes use the same fraudulent non-sustainable system as a pyramid; here, the victims pay to join a waiting list for a desirable product which only a fraction of them can ever receive.There are other commercial models using cross-selling such as multi-level marketing(MLM) or party planning which are legal and sustainable, although there is a significant grey area in many cases. Most pyramid schemes take advantage of confusion between genuine businesses and complicated but convincing moneymaking scams. The essential idea behind each scam is that the individual makes only one payment, but is promised to somehow receive exponential benefits from other people as a reward. A common example might be an offer that, for a fee, allows the victim to sell the same offer to other people, such as AdBux. Each sale includes a fee to the original seller.Clearly, the flaw is that there is no end benefit; the money simply travels up the chain, and only the originator(or at best a very few) wins in swindling his followers. Of course, the people in the worst situation are the ones at the bottom of the pyramid: those who subscribed to the plan, but were not able to recruit any followers themselves. To embellish the act, most such scams will have fake referrals, testimonials, and information.The key identifiers of a pyramid scheme include the following:A highly excited sales pitch(sometimes including props and/or promos). Little to no information offered about the company unless an investor purchases the products and becomes a participant. Vaguely phrased promises of limitless income potential. No product, or a product being sold at a price ridiculously in excess of its real market value. As with the company, the product is vaguely described. An income stream that chiefly depends on the commissions earned by enrolling new members or the purchase by members of products for their own use rather than sales to customers who are not participants in the scheme. A tendency for only the early investors/joiners to make any real income. Assurances that it is perfectly legal to participate." Sources: http://www.pyramidmg.com/aboutus/overview.asp AND http://en.wikipedia.org/wiki/Pyramid_scheme darwin? 93 months ago Please sign in to give a compliment. Please verify your account to give a compliment. Please sign in to send a message. Please verify your account to send a message.

by **Acton** » Fri Mar 20, 2015 9:57 pm

nonnax16 said: 1 darwin, regarding your answer "There are two possibilities based on the wording of your question.": Wow, I dint even know there was a "Pyramid Company". You gave a lot of very good information. This particular company is a travel agency and actually has an office here locally. But I'm still skeptical. There is a $500 investment involved. She is so gunho on this. I hope its legitimate. 93 months ago

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