Re: ElearnExpress
Elearner,
There are 3 basic types of Network marketing.
1 - Commission or Affiliate Marketing.
A company wishes to sell a product, it finds
people prepared to sell that product on it's behalf,
usually the seller can charge the same as the main company
put keep a percentage of the fee paid from each customer.
2 - Suggest a Friend
I think this was used by SKY recently. Basically you buy a
service. You suggest it to a friend, the friend buys the
service, and the company sends you a token of their
appreciation usually about €10 to €50
3 - Multi Level Marketing (MLM) or Pyramid Schemes
In this style of marketing you are not trying to recruit
customers for a company, you are trying to recruit more
sellers. The incentive is that you make a percentage of
the income generated by the sellers you recruit.
So, if you recruit 1 person you make the immiediate return
from them buying the product (or paying into the scheme),
and you then make a smaller percentage of the money paid
in by people they recruit. (You are dependant on them recruiting someone).
The problem with this scheme is that for people to earn
money, more investors need to be found. And If those
investors don't bother or can't recruit still more people you WON'T earn the kind of money promised.
ElearnExpress is well and truly the third type of scheme.
Is it legal? - the law is grey I can never get a straight
answer that isn't contradicted by another answer.
Is it moral? - I don't really care, people are free to sin
in my opinion, as long as they stick within the laws of
the land. But I reserve the right to explain to people that
they are being sinned against, even if it is strictly legal.
Will it work? - The very early members of these schemes
can sometimes make money. But you can make money
from selling Buckingham Palace to tourists. It doesn't
mean it's right.
-Rd