Today's Adventure in the Biz opp Jungle:
'In which Charlie has NOTHING to do with the
Colombian crisis, reports on The Overnight
Cash System, reveals 5 dodgy schemes to
watch out for, and 5 ethical businesses that
REALLY work - click here: 5 Business Blueprints'
Hi,
As you know, I went to Colombia for my
honeymoon last year...
But what I'm about to relate has nothing to do with
me!
On Monday, the Colombian government declared
a state of emergency.
"Okay, big deal" you may be thinking to yourself.
"It's Colombia after all."
And fair enough. Perhaps you think the state of
emergency was down to a resurgence of violent
rebel activity. Perhaps a conflict with Venezuala.
Or maybe a shoot -out with cocaine barons.
But you'd be wrong.
The state of emergency was declared because of
a series of pyramid schemes!
A company whose acronym stands for "Easy
Money, Fast Cash" (sound familiar, folks?) ripped
off 3 million ordinary Colombians.
The Washington Times reported:
"Furious investors stormed and looted local
branches in rioting that left 13 towns under police
curfew and two men dead: a security guard and a
bystander who tried to calm the crowds."
That's Colombian style justice for you!
The company in question offered people 150%
returns on their money. How? By recruiting new
members and channelling their cash up through
the chain to those at the top.
Everyone relies on everyone ELSE to get their
investment back. Problem is, when the incoming
cash flow dries up, the system collapses and
everyone loses.
So are we safe here in the UK?
Well yes, if you avoid anything that remotely looks
like a pyramid scheme. That is, something that
offers you returns for nothing. Where you are
supposed to put your money in, and simply sit
back and take your enormous returns.
They are different to MLM schemes because they
don't have a product and rely solely on recruiting
new investors - sorry, victims.
If you subscribe to What Really Makes Money,
you'll have recently seen a case in point.
This is something that got Nick Laight really riled
last month. And the report in his review newsletter
was damning.
His headline read:
"Why this 'barely legal' pyramid scheme is
the most dangerous business opportunity
I have ever come across!"
He was referring to the latest wave of 'cash gifting'
schemes like The Overnight Cash System.
"Let me make my position on this crystal clear"
wrote Nick, "these opps are cynical, unethical and
doomed to failure."
I've had a lot of emails recently, enquiring about
cash gifting, which is why I thought I'd dig out
Nick's article and report his findings to you. He's
the undisputed expert when it comes to UK
business opportunities. He used to work for The
Guild of Wealth, then Agora International and in
2003 started Canonbury Publishing with his wife
from his kitchen table.
The man knows his onions.
And as well as onions, he knows about biz opps
too - what works and what doesn't.
In his monthly subscription newsletter service -
check it out at whatreallymakesmoney.co.uk
- he reviews the latest opportunities with utmost
honesty.
There are no affiliate deals, no advertising, no
profits to be made from giving something bad the
thumbs up.
So if he shakes his head at something, you and I
had better avoid it.
Why no product should mean NO DEAL
As Nick points out, cash gifting schemes like The
Overnight Cash System make a virtue of not
having any products or service.
This transforms it from a multi-level-marketing
process into something that resembles a pyramid
scheme, the likes of which has tumbled Colombia
into a crisis.
Now, Nick's open-minded and libertarian when it
comes to his views on how people make money.
He's not a prude and doesn't knock it when people
use a bit of greed and opportunism to lift
themselves out of financial trouble.
But believes pyramid-style biz opps are an
absolute no-no.
And I agree with him.
These systems are usually dodgier than a dodgem
dodging another dodgem. As long as new recruits
come in and pay money to those at the top, all is
well. But when the influx of new recruits dries up,
collapse is swift and brutal.
Okay, if you're lucky enough to get in at the top,
you'll make some cash at the expense of others.
If you're too late (and by the time the likes of you
and me see these things, the fat cats have already
drunk ALL the milk) then you simply throw money
away.
5 dodgy schemes to watch out for
The guy behind the Overnight Cash System is
Simon Johansson. Nick reports that he's been
flitting from scheme to scheme over the past
years, and should be avoided.
Here are the schemes you should watch out for:
New Millennium, Armchair Tycoon, Mega Wealthy,
Free Land and Property, and the Prosperity
Automated System (PAS).
Give all of these a wide berth. I would say your
berth should be the length of a bargepole. And I
have to say, I wouldn't even touch them with that
bargepole.
MY TIP: Put some Styrofoam at the end of the
bargepole and nudge them with that, if you feel
you have to.
For an ethical alternative, you should try one of
these FREE blueprints...
5 ethical home business to try instead
Nick is offering to send serious biz opp seekers a
set of 5 FREE blueprints, with no obligation. You
could try one or all of these:
* Make as much as £159 PER HOUR or
£2,370 PER WEEK by trading in-demand
products on price comparison websites...
* Make £15,000 a year by getting Amazon
to sell FOR you worldwide, 24 hours a
day, with virtually no overheads and little
risk or hassle...
* Turn FREE information that's hidden in
your local council's planning office into a
£25,000-£79,500 a year part-time sales
lead brokerage business...
* Make easy profits on eBay every week by
marking up products you bought for
peanuts from secret government surplus
sales: buy laptops for £45 and sell for
£150... make £1,080 profit on a nearly
new Land Rover...
* Become a 'bay banker' and make £800-
£2,400 a month ROLLING INCOME from
products you'll never see, store, ship or
touch...
If you fancy your hand at one of these, go here:
WRMM
I'll be back soon with more juicy tales of scandal,
mayhem and violent shoot-outs in the Biz Opp
Jungle.
Later alligator,
Charlie Wright
The Biz Opp Jungle
www.bizoppjungle.com