Many people believe. rather wrongly, that the scheme of a particular company is not illegal because they are multilevel marketing only and not money circulation schemes. They should learn that if any company indulges in any quick/easy money schemes, it is certainly indulging in illegal money circulation schemes.
For the simple reason, that there are no cases against any company or no complaints from any quarter does not absolve the company from its guilty operations.
For instance, GoldQuest International claimed for long that its operations are transparent and every transaction is through demand drafts and everything is computerised. Once criminal cases were filed against the company, everything came down like a pack of cards. Now, every person who participated in the scheme of GoldQuest is running for cover and became fugitive. They can plead their arguments in any court of law instead of running away from it.
Why many companies choose multilevel marketing is that the companies can attract more people with inducement of easy/quick money. And naturally, people who joined early may make some money in the initial stages and everyone end up losing money. The inducement and the hook is so attractive that the people would be in an illusion that they are the first to join the scheme and they would make money fast. They would be disillusioned soon but prefer not to complain for obvious reasons: 1) they were introduced by their relatives or friends and they do not want to lose their relationship 2) they resign to their fate for not making money and curse their fate. They never realise that the scheme is inherently flawed and everyone except the company would lose eventually.
For instance, MyVideoTalk members claim that there is no membership fee. But the membership fee included in the money they have paid. The company may claim that their product's worth is actually Rs. 3 lakh and they are selling it for Rs. 8800. Why should any company sell the product that expensive for pittance? The secret is in the hook and the inducement it offers to the members.
People easily fall for easy and quick money and that is their weakness and that is the forte of these fraudulent companies. Since it is not easy to bring awareness among people about these fraudulent schemes, it is apt to file criminal complaints against these fraudulent companies.
5 comments:
I totally agree with your views.
Companies know that they do not have market so they try to lure people by giving incentives, plan to earn money. People do nit understand that only company is getting benefits. The agents (I call them agents :)) do not provide full information to customers. I was solicited by a MVT seller, he conveniently forgot to tell me that I need to renew my subscription every year.
what crap!!! not going to waste my time commenting more....
What are u saying about ebiz.com is your opinion,I think you are super negetive person,I think once you have to check the whole procedure of ebiz.com, Goldquest was a bluff,they had no legal papers also, Ebiz has legal papers,and ebiz itself registered case for enquiry the company for proving themself a clean educcation+business company
Thank you Mr. Shyam Sundar ... for your concern on the welfare of the indian people.
I would like to discuss about Myvideotalk only and not on other so called MLM which I am not in association with.
There is no membership fee ... this is correct ... it is a product purchase with a chance of Return of Purchase (ROP) this is not ROI (Return of investment).
The Internet products which have embedded video are mostly paid subscription in the whole e-commerce industry ... except for youtube which uses revenue mainly from the usual advertisement. You tube was already bought by google ... imagine how big revenue it can be for youtube. But for the rest of the product available ... there is no company that cater all of our product line in one package.
I know the product's worth here in my country ... if you are to use a domain with monthly paid subscription ... the value of the myvideotalk product is worth while in the longer term (beyond 3 months) ... I just cannot relate it to your comment as I don't know how much is a corporate e-commerce package solution with video embed and conferencing cost in India ... maybe you can find out for us.
There is no secret and there is no hook ... the only reason for a little discretion is because we value our reputation against unbiased prejudice.
We do not promote quick/easy scheme ... the quick and the easy part depends on the work of the representative who do business with us.
Thank you for your awareness campaign
@ anish, if u really want to know if ebiz is really a fraud or something else, then check this site which have the answers of all ebizzers...http://sites.google.com/site/antiebizel/home
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