or does that law not apply on the internet? Is it just me or are there millions of sites promoting a get-rich-quick product that essentially just gets you to distribute the rights to distribute distributorships that allow people to distribute distributorships to other distributors. (Even if that made no sense, you get what I'm saying.) Last time I checked, MLM with no actual product is a pyramid scheme. Is that like blogging about how to make money with blogs about making money?
Ok, people. If you are going to build a business - build a business that adds value, please. I have no problem with people selling IP or ideas or digital non-physical products. I do that myself. But some of this crap is just that - crap. And if you are going into business for yourself, and you don't understand the concept of "adding value" you may want to rethink your plans.
Instead of working out ways to part people with solid entrepreneureal intentions from their seed money, why don't some of you work out ways to take that seed money and help these people compete with China or India. Our way of living is at risk. In case no one has noticed, economic growth in China is inversely proportionate to economic growth in Michigan or Ohio. China grows as the manufacturing belt of America shrinks.
I am not one of those dreamers that thinks the manufacturing industry in the US can be rebuilt to take the world by storm like it once did. I understand that there is going to be a painful period for middle-aged and near retirement age workers as the US economy retools for the future with a basis in information and innovation. Big chunks of the nation have already done this. But selling reseller rights to a sales and reseller system is really not helping anyone in the long run.
Wednesday, November 26, 2008
I thought Pyramid Schemes were illegal...
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