Expert: Joe Hylas - 4/5/2010

Question
QUESTION: If I knew a way for your customers to receive gold and silver every month at no cost, and you would earn money when they do - is that something I should tell you about?

Let me know.

ANSWER: No John.
I know all about those scams, they are nothing new.  It's callled pyramid marketing and no one wins except the guy who started it.
Seriously, I know how they work, I've been in the industry for 32 years.

Joe Hylas
www.OmegaPM.Com

---------- FOLLOW-UP ----------

QUESTION: I'm curious, what's pyramid marketing? Reason I ask is the 'guy who started it' has people making more than he does - so that must be something else.

Thanks anyway!
John

Answer
Hi John,
Pyramid marketing is when one person gets 2 people to sell for him; they get two people to sell for the and so on and so on.  The profit is not large enough to support the whole program if the items are sold at a fair markup.
Ultimately, the consumer pays way mor ethan he normally would for the same item.  Granted, an individual salesperson may make more than the "founder" does per item, but when you add up all the sales people selling that the "founder" gets a piece of, he is making way more than any single sales person.
Why would he do it if he wasn't making money?  How can a company afford to "Give away" gold and silver?  Someone is paying for that "free gold and silver".

Good Luck
Joe Hylas
www.OmegaPM.com