Have you seen this? Are you as appalled as I am that someone would actually show you how to build a pyramid scheme?
What is a pyramid scheme. Here is the definition of a pyramid scheme directly from Wikipedia.
A pyramid scheme is a non-sustainable business model that involves promising participants payment or services, primarily for enrolling other people into the scheme, rather than supplying any real investment or sale of products or services to the public.
IM Global fits perfectly into this definition. The only “product” that is offered is a 30 day marketing plan. You are supposed to promote this to your “downline” just enroll 3 and you will be on your way to untold riches.
After going through the plan that he shows, I found that even the marketing is flawed. He professes to make percentages of the profits available to various levels of membership.
- Level 1: Power Team 15 % of Profits
- Level 2: Referral Bonus Refer 3 and yours is free.
- Level 3: Mentorship Shares: 45% of Profits
- Level 4: Shareholder Shares: 25% of Profits
- Level 5: Director Shares: 15% of Profits
- Level 6: Co-founder Share 10% of Profits
Each level of course has a disclaimer that no more than 60% of your shares can come from one member. In other words if you have one highly motivated member that works against you. Also this gives him a way to say that your rewards have been invalidated.
Now, when I do the math and look at the percentages that are advertised, I add up 15+45+25+15+10 and come up with a number that looks a bit hokey. 110%. Last time I checked giving away more than you take in is not a good business model. Where is the reality.
The reality is that this is a classic Pyramid scheme. Even if it gets working and even if it does pay off for the little guy, eventually you will see the big picture, this is destined to fail.
In fact, there are laws on the books in the US and many other countries that prohibit this sort of pyramid selling. At this point Marc Shamus is probably under the radar for a federal litigation but getting involved with this company can put you at risk to become one of the defendants in a case that is just waiting to happen.
The bottom Line: This is a SCAM
There is a program that I highly recommend. Wealthy Affiliate is a Scam Free Zone.
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