Does a Cycling Matrix work? I paid to join a program that states "Every member who joins this can make up to $1,980 per month... No selling, no recruiting, and no special training! No recruiting required. No skills required. No experience required. No marketing required. No hidden costs." "Just get in line and get paid! That's all there is to it." This is a cycling matrix... meaning you continuously "Hit the Top, and GET PAID" over and over again as new members and existing members who cycled are placed below you in the matrix. It is a new program for 2009, but then I guess there is new one for every year. I only joined 48hrs ago and am ready to "cycle" for the first time....so maybe there is a good chance of making some money. Has anyone else here made money with these sorts of programs before? Am really interested to know? Thanks
So it's a pyramid scheme then. It doesn't make any income, it just moves money around from new members to old. EDIT - did you not think to google before putting any money in? http://en.wikipedia.org/wiki/Matrix_scheme http://www.mlmwatchdog.com/MLM_matrix_scam.html http://www.howcaniearnmoremoney.com/make-money/how-to-recognize-a-pyramid-scheme http://innovativeallies.com/index.php?option=com_content&view=article&id=34&Itemid=41 http://www.pyramid-scheme.org/Pyramid-Example.html
Thanks for the info magda. Very good of you. No I didn't google them first and yes I probably should have. Guess like anyone else I would like to make some money and this did look good to me.. That is why I am asking about these programs here as I am sure to get some honest answers. Thanks again.
Frankly speaking,it work only for the first few one that join it at early stage. I received an email that says that I will earn “$495 per week… $1,980 per month… absolutely zero recruiting requiredâ€. I just need to get in line then I get paid. Right then after reading that single email, I receive slew of emails, about 8 of them seemingly similar pitch. I then begin to investigate. So this program is uses Credit Card to join. Hmmm, I think if you join I can cancel anytime using my credit card and most scam out there are not using credit card to process payment. If whatever happens, you can claim a cancellation from your credit card company and says that the program is illegitimate. I advise if you are new to this game, don’t join. But if you are a PRO, then you are welcome!
I would advise you that everyone should stay away from these programs without question. Their sole intent is to scam people out of money. Tom
I think it might work. I joined yesterday evening, today when I logged in to my site I saw that there was only 27 people who needs to join before I hit the top. I will probably be making my first money tomorrow, and I have not sponsored anybody.
You are wrong. It is a scam. I started my career as an auditor with one of the Big 4 accounting firms many years ago, so I do have some clue about what I speak. Tom
Matrices, auto/manual surfs, HYIPs.. are all scams. They are pyramid/ponzi schemes. Now if we could not pay into the biggest one of all.. social security. FYI: If you are in these with a paypal account, your paypal account(s) will be frozen as such activity is not only illegal (in the US) but against their ToS.
Good to know. I haven't sponsored anybody and I am allready starting to see some money. What is 3584transit wrong about. He might see money tomorrow. I did. Ahh but you were an auditor with one of the Big 4 accounting firms many years ago. Cool. I have some real money problems you could help me with....I don't have enough.. This program pays you directly to a Prepaid debit MasterCard from payoneer.com. Has nothing to do with Paypal. The product with this program is a Capture Page Creator, and it is good,which offers you a powerful marketing tool for making serious money online..This program isn't illegal.
It is a scam. It doesn't make money, it takes money from one member and gives it to another. It's unsustainable because the only source of income is the money put in by new members. Shame on you to keep promoting it when you've been told it's a ponzi scheme.
Pyramid schemes and ponzi schemes are against US (and most countries) law. Do it at your own risk but don't expect anything from it.
Well I'm definately not here to make enemies. Only trying to learn. Thanks for the insight everyone who responded. If the mods can close this thread that would be good..