In recent years there has been an influx of gifting programs across the internet. Gifting is where someone starts a gifting club where they claim that peoplewill make loads of cash by recruiting others into the club. There is an entry fee that can range from as little as $25 up to as much as $10000. The idea is that you pay this fee and then recruit others to pay that same amount.
You have to recruit quite a few people before you actually see any money yourself and, in all probability, you will never get to that point. I believe it is about eight people to get you to senior level where you collect some money.
Basically, all you get for your investment is membership in the club and the ability to recruit after getting a couple of people to throw away their money with promises of riches.
Initially, these programs seem very enticing and have a lot to recommend them but BEWARE. This is all a part of the SCAM.
One of the things about these programs that make them very enticing is the hint of generosity and the sharing of money with others. You even get money for being so kind but, in reality, the only ones you are being generous toward is those at the upper end of the program…the people who started it.
If you enquire about legality, you would be told that they have found a loophole or that their lawyers have told them it is legal because they are gifts. However, these gifting programs are nothing different from the illegal pyramid schemes. None of these programs are legal regardless of what they try to tell you.
What makes it illegal is that people are not truly giving a gift but they are making an investment with the expectation of a return. People running these scams are preying on people’s financial insecurities or greed.
Eventually, these programs crash and, unless you have become a senior member of the club, you can kiss your investment goodbye. You may also have to pay back people who have lost their money by succumbing to your recruitment. If you are a senior, you are responsible for everyone under you. It can become very ugly.
So, the advice I offer is to steer very clear of these programs. Not only can it create severe financial hardship for you but it can also put you in trouble with the law.
They will all tell you that they are the real deal and are different to others but they are lying in order to suck you in. all gifting programs are illegal.
So, keep your money in your wallet and look for something legal to invest in. there are many programs such as affiliate marketing where you can make money if you put in the effort. That way, you can make an income without breaking the law.
Anne has worked primarily within health and welfare for around 35 years. She has always loved to write and has a wide range of interests. She is the owner of http://www.ozebizwiz.com and http://www.ourkidzbiz.com
Anne has worked primarily within health and welfare for around 35 years. She has always loved to write and has a wide range of interests. She is the owner of http://www.ozebizwiz.com and http://www.ozehealthbiz.com
