Why this dangerous opportunity is your Big Bad Wolf
Today’s Adventure in the Biz Opp Jungle
‘In which Charlie tells a new version of the Big Bad Wolf story, reveals the dangerous flaw in Cash Gifting schemes, and scambusts a few bad eggs’.
Hi
One day The Big Bad Wolf decided he’d had enough.
Blowing down pigs’ houses was hard work.
What really troubled him was that he was a WOLF. What was he doing trying to catch prey using the power of his breath?
Surely his claws and teeth made better weapons?
His unorthodox approach to hunting had turned him into a laughing stock...
BIG BAD WOLF BAD AT BEING WOLF read the headline in the Lupine Times.
WOLF MAKES HOWLER AS HE TRIES TO BLOW BRICK HOUSE DOWN said popular daily tabloid The Moon.
So The Big Bad Wolf had a rethink.
After a few hungry nights pacing the woods, he came up with a cunning plan. Rather than go TO the food. He would let the food come to him.
He lifted his head and howled this message out to all the wolves in the land:
“I’ve got a NO BRAINER way to get EASY dinner and PLENTY OF IT. Just send me one dead pig today. And then get someone else to send me a dead pig.
For this simple act, you will get THREE other wolves sending pigs to you. And when they each get wolves to send them pigs, you ALSO get 9 more pigs sent to you! You’ll be rolling in pig! You CANNOT LOSE!
The more wolves you recruit, and the more wolves THEY recruit, the more pig you can eat. You’ll soon have enough pig to give up hunting for good!”
Of course, most of the wolves ignored him.
But it didn’t matter. Because 3 wolves out of hundreds DID respond, and soon he had 3 pigs delivered to him without him having to blow ANY houses down. They got 3 other wolves to send him pigs. So soon he had 6 pigs. Then those 6 wolves got 18 wolves to send him pigs....
Soon our fabled Anti-Hero enjoyed a meat feast of his own making. No effort. No “little pig let me come in” nonsense. Just easy, fast dinner.
So what happened in the end?
Well, what happened in the end is what happened to all pyramid schemes. Eventually it ran out of steam. Wolves were sending valuable food to others and getting nothing back.
The original wolf was sitting pretty. And so were the first subscribers to his scheme. But the bottom of the pyramid became a snarling angry pit of baying, betrayed hungry beasts.
Okay, so at this point you may say:
But Charlie.... there are no longer any wolves in Britain... and there are no longer any pyramid schemes either...
You’d think so wouldn’t you?
But such schemes do still exist. Only now they’re known as ‘cash gifting schemes’. While illegal in the UK, they’re still doing the rounds. And many people are fuzzy about the legalities of it, so they enter these schemes blind to the danger.
The idea of cash gifting is that you send a sum of money to an existing member. You then have to get ANOTHER person to send a sum of money to that existing member.
Once you’ve achieved this, you are officially ‘in the gang’. It means you can receive cash gifts too.
However, you also have to send administration fees. And as long as you’re in the scheme you need to send this fee on an annual basis.
It sounds attractive of course, but there’s a problem.
First, you pay out a chunk of money, say £1K, plus a couple hundred quid’s worth of admin fees. Then let’s imagine you get a person to join (which is tough going – it’s not easy to convince someone to part with £1,000!) They will pay money to the person ABOVE you. So you’re still £1K in the red.
So now you get a second person to join. Here’s where you get your £1K back. But now you’re STILL down the cost of the £200 admin fee.
If you convince a third person to part with £1K, well now you’re £800 up. But that’s a LOT of effort to get to that point. You may have even spent money advertising the scheme.
Worse, you may have had to convince friends to part with cash and are now facing the grim prospect that they won’t get anywhere and will blame you.
See, each person needs to bring in 3 other people to make a profit.
It HAS to grow and grow, but each time it gets more difficult to flow the cash up through the pyramid. If it doesn’t keep growing, it dies. And the hopes of thousands of people die with it.
This kind of enterprise works well at the beginning... well, for those who create the pyramid, their friends and those ‘in the know’. But by the time the likes of you and I get to hear of these things, we may as well burn the £1K while dancing around, whooping like Indians.
What to watch out for...
One such scheme to watch for is called the “Abundant Living System”. It’s by Paul Raven and Julie Wilson the same couple who promoted a similar affair called the Number One Success System.
I’ve found another one called Cash Gifting UK. Another is called The Overnight Cash System.
If you want to get more details about Cash Gifting, how to avoid the scams, and what to do if you get caught in up in such a scheme, then check this out:
This is a website I found while researching today’s issue. Well worth a look.
“Food for thought anyway” said the Big Bad Wolf, chomping on a trotter in his island paradise.
You can also type ‘pyramid schemes’ into the search tool on my website and see loads of information:
Later alligator
Charlie Wright
The Biz Opp Jungle