MyVideoTalk is another racket like Amway

Harsha Patil, a reader, wants to know how MyVideoTalk is a scam. It is good he asked that question.
Harsha puts forward some interesting arguments. He claims that he has been into the marketing of Myvideotalk for the last two years. He finds that it is interesting and worthwhile. He also claims that it is optional.

The argument that it is optional to do business holds no water. Everybody wants to do some business to earn more money. That is understandable. One has to understand the racket behind the business model to unravel the mystery.

The Myvideotalk is also a binary scheme in which everyone who wants to do `business ' must enrol two persons and these two persons must enrol two more persons each if they want to do the 'business'. This is again infinite chain which is going to break sooner than later.

Let us look at the levels of bonuses offered by the organisers. A new member is called 'Executive' and there are five more levels to achieve Presidential Platinum Executive after which the member would receive infinity bonus of one per cent through out his life.

A member has to pay Rs. 10,000 as entry fee to purchase 'web space'/'web services' which is completely intangible. Is it really worth its price is another question to ponder. Like Amway products, this product is also highly priced to allow the organisers of the racket to make fastbuck. The inducement of hefty commission is very attractive one cannot help but join the scheme. Soon he would realise that it is a mirage.

The organisers of the scheme offer the members that they can earn $ 5,000 per day and reach a potential maximum of $35,000 per week if they continue enrollment of new members. The basic question is from where do they generate so much money. The money is 'supplied' by the new members themselves. This is nothing but easy and quick money for the organisers. Myvideotalk scheme is also based on the 'high priced product-sale racket' of Amway and that is why the Amway is called mother of all scams.

One may argue that the product is good and useful. But it is not worth its value. By joining such scheme in the hope of getting rich in a short span, people are buying this exorbitantly priced product. But soon they realise that it is not going work and they blame themselves for not achieving the targets. They do not realise that the scheme itself is cheating. That is how these fraudsters are escaping the long arm of the law.

These fraudulent companies have been draining out economies of so many countries. Let us stop these fraudsters. People all over world, do not fall prey to the machinations of these scamsters.