My first experience with a pyramid scheme was a business called Vector Marketing. They sold Cutco cutlery. I’m sure you’ve seen it late night while falling asleep to the TV, you can cut a shoe with this kitchen knife! Even this can! And even this 2-ton car! Ridiculous, I know.
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Back then, I didn’t really know what it was called but it was one of the first “job interviews” I’ve ever attended. I thought it was going great because they said I was hired on the spot! It was only until a few moments later I knew the truth. They asked me to put up some money so that I could start selling their product. Look, wholesaling and reselling products is a real business, don’t get me wrong, but pretending that you’re hiring someone for a job and then asking for money in return…that’s a pyramid scheme.
DWA, or Digital Wealth Academy, seems to be all the rage lately. The business model is as such: you pay someone $497 for a course that teaches you how to sell the course that you just bought. That’s right, you’re not selling anything different. You’re just selling the course that you just bought. Also, you’re not selling it at a different price. You’re required to sell it for at least $497. They’re technically price fixing but I’m sure that the FTC won’t get around to DWA anytime soon. A quick search on social media and you’ll find hundreds of people selling DWA.
99.7% of multi-level marketing business operators (MLM) lose money. That’s not coming out of nowhere, that’s a real statistic. If you just bought DWA or a similar MLM, you’re not alone. I’ve been there, too!
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Comment below if you’ve tried selling Amway, Arbonne, Cutco, Herbalife, or DWA!
