pnisbet
June 9th, 2006, 09:38 PM
Hi.
My name is Pete Nisbet and I am new to this site. I originally visited in response to a thread I saw (quite old really) about a scheme called affilliatecashmachine. Everybody seemed to be criticising it as a pyramid scheme when it was obviously not, so I had to join to put my views.
Affiliatecashmachine.com has a product (a so-called eBook) and is a straight affiliate sales system. There are no 'levels' and you earn only what you sell. You sell it for $10.99 and get $10 for every sale. And that's it. Straight and simple: a normal affiliate system (or so it seems). The only difference between this and a normal affiliate scheme is that you get a free site page to advertise, more or less equivalent to a normal affiliate sales page. It is certainly not a pyramid in that you only get paid on level 1. If I am wrong aboput this please put me right, but that's the way I see it.
The definition of a pyramid is : generally no product (a system with a product is a MLM scheme), you pay to join and get paid only when you persuade others to join below you. Otherwise it is either a) an affiliate system (perfectly legal) where you get a proportion of the sales price of the product, normally only on the first or second levels. Typical payments are 50% level1 and 10% at level2, or b) a Multi Level Marketing scheme with a product, but usually a greater number of levels, and with which you usually don't make much unless you recruit lots of people under you. This is borderline in legality.
That said, I don't subscribe to it, but I feel strongly that members of sites like this should understand exactly the difference between pyramid schemes, MLM systems and affiliateships before posting comments, or the value of the whole site will be undermined due to inaccuracy.
I then had a look at quite a lot of the threads and think that the site has value, at least to me, in two ways. It can expose illegal schemes and fraudulent ones, and in so doing save a lot of people a lot of money, and it can also be used as an advice forum for those such as I who are always looking for new ways to make money, but for whom other's experience with certain companies or products would be very useful.
So, I'm glad I joined.
Sorry about the length of this.
Cheers,
Pete
My name is Pete Nisbet and I am new to this site. I originally visited in response to a thread I saw (quite old really) about a scheme called affilliatecashmachine. Everybody seemed to be criticising it as a pyramid scheme when it was obviously not, so I had to join to put my views.
Affiliatecashmachine.com has a product (a so-called eBook) and is a straight affiliate sales system. There are no 'levels' and you earn only what you sell. You sell it for $10.99 and get $10 for every sale. And that's it. Straight and simple: a normal affiliate system (or so it seems). The only difference between this and a normal affiliate scheme is that you get a free site page to advertise, more or less equivalent to a normal affiliate sales page. It is certainly not a pyramid in that you only get paid on level 1. If I am wrong aboput this please put me right, but that's the way I see it.
The definition of a pyramid is : generally no product (a system with a product is a MLM scheme), you pay to join and get paid only when you persuade others to join below you. Otherwise it is either a) an affiliate system (perfectly legal) where you get a proportion of the sales price of the product, normally only on the first or second levels. Typical payments are 50% level1 and 10% at level2, or b) a Multi Level Marketing scheme with a product, but usually a greater number of levels, and with which you usually don't make much unless you recruit lots of people under you. This is borderline in legality.
That said, I don't subscribe to it, but I feel strongly that members of sites like this should understand exactly the difference between pyramid schemes, MLM systems and affiliateships before posting comments, or the value of the whole site will be undermined due to inaccuracy.
I then had a look at quite a lot of the threads and think that the site has value, at least to me, in two ways. It can expose illegal schemes and fraudulent ones, and in so doing save a lot of people a lot of money, and it can also be used as an advice forum for those such as I who are always looking for new ways to make money, but for whom other's experience with certain companies or products would be very useful.
So, I'm glad I joined.
Sorry about the length of this.
Cheers,
Pete