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What is a pyramid scheme?
A pyramid scheme is one whereby new participants are required to make payments at the time of joining, in return for the right to receive benefits when they recruit other people into the scheme. The scheme might be promoted as a club supported by fabricated testimonies about the financial benefits to the participants.
Although pyramid schemes might take different forms to disguise their true nature, they share a number of features. For example, no matter how a pyramid scheme is promoted, there is no underlying business and the only way a profit is generated is to use the investments contributed by the new participants. Provided that a certain number of new participants are recruited within a specified period of time, the scheme can afford to pay profits to its participants with the new money coming in. Hence the promoter of the scheme makes money by recruiting more people rather than by running a legitimate business.
Doesn’t TIG share these features? Or how is it different? TIG has a training program for her members. They organize periodic training programs for member in the following areas:
• Training and Investment in modernized agriculture for food production and income generation.
• Training on how members can own a house and equally earn more money from housing.
• Training members on how they can own means of mobility and also benefit from an active transportation outfit.
• Several other training given to members for economic empowerment.
TIG’s goal is to ensure that members own businesses or expand their businesses if they have one already.
Let us look at more features of a pyramid scheme. As the number of the participants increases, so does the liability. Depending on the rate of the increase in the number of new participants, there will come a time when there are insufficient new participants to sustain the pay-outs. At that point, the scheme will collapse. Participants would lose all their investment as the money would have disappeared by then. Some people might incur substantial liability because they were lured into or forced to take out loans to fund their payment into the scheme.
How is TIG Treasure Resources empowerment program different? TIG incurs no liability. All money coming to TIG is her part of the contributions. Everybody’s contribution is paid directly into the person’s account. It is not like other schemes where people’s monies are taken to the originator of the schemes before pay-outs are made at the end of the month. They may as well decide to close the program and flee into thin air with people’s money.
No one takes your money to TIG and you don’t wait until the end of the month before you receive your benefit. Your contributions come straight into your bank account as they are made and you can withdraw immediately! People are encouraged to make payments themselves instead of giving money to others to pay for them except they trust such people. And they do that at their own risk.
There will NEVER be insufficient new participants because in TIG, there is cycling out. Earlier participants do cycle out after a time and they will have to re-join below those who were previously below them if they want to continue with the program. Because they enjoyed TIG, they always re-entered.
A pyramid scheme is a type of scam which promises the investor that their initial investment will make them extraordinarily rich. In reality, the pyramid scheme does not deliver on promised profits. In most cases, only the people who originate the pyramid scheme and a few of the initial salespeople or people who get in at the top of the pyramid will make money. Most people merely lose money because their money only benefits those already involved with the scam.
The pyramid scheme tends to manifest itself in products with exciting labels like “get rich quick,” or “make millions without working.” Further, promises that are too good to be true, and vagaries concerning how a person will make money in these “get rich quick” schemes should alert one that he or she is being targeted by a pyramid scheme.
TIG does not promise one getting rich quick without working. In fact promoting TIG is HARD WORK. Not only TIG and a few of the people who got in at the top are making money but everyone who has joined because those at the top are returning to join at the bottom. So it is a win-win situation for everyone. In TIG nobody loses money because you earn at every level.
Never give money to a person who cannot clearly define how a program works and who does not clearly define the products/services prior to purchase.
About the Author:
Neksummi Matthias believes "I can achieve all of my goals if I help enough other people achieve theirs!" He believes in running his business without all the deceit that characterize many businesses today. Registration in TIG for now cannot be made online. This means that the registration has to be made offline. You can reach me on 08073639975 or 08063306838 so we can arrange on how I can get you registered.