The Truth About High Yield Investment Programs
January 7th, 2007
High yield investment programs (HYIPs) sumarised: New investors provide the cash to pay a profit to existing investors. How do you pay the new investor? Press replay. As long as new investors are found. Those that run the program might be able to convince old investors to leave money in the scheme by promising even higher profits.
The first investors may make a good profit and are encouraged to refer other people to the program because of referral commission, the fact that they have already made back their principal and are playing with profit, and that the more people who deposit money, the more money can be paid out to participants.
Quite a number of these programs have been found to be scams.
Althought these HYIP schemes are still springing up on the Internet, less people are falling. Really? Referral programs are more common these days. You’re paid some commission for convincing other people to buy a product or sign up for a service. It’s different from affiliate marketing, where you are paid to market a product either on your website or several other means.
Entry Filed under: A Beginners Guide
2 Comments Add your own
1. Hoselita Ikoli | January 8th, 2007 at 3:21 pm
Hi,
Most of these so called “HIgh Yield Investment Programs (HYIPs)” are Pyramid Scheme. They are destined to collapse
at the end when there is massive member build-up.
So, how do you know a good referral program
when you see one?
Albeit, A good business man follows his true instinct;
the inner man..
Regards,
Hoselita Ikoli
——————————
I’ve Walked A Mile In Your Shoes.
Easy Ways to Make money while learning the web
is http://www.ErrandConcierge.com/pips.html
2. Ifeanyi Enwesi | February 24th, 2007 at 11:45 am
HYIPs…. hmmmm i bet many who are already in several similar schemes in 9ja do not even know they are ‘hyips….’
Its about your risk level. “how do you rate your risk level?’, this is a very common say in Lagos now. Just trying to get into one of them, infact the riskiest one around. I actually amaze myself with the decisions i make these days.
they come in different names, NOSPECTO, SEFTEG, Wealthzone etc. Just search the net for info and make up your mind…
I think the best referal are blogs on the internet plus word of mouth, the most powerfull marketing tool ever….
Ifeanyi
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