Is LiveGood a pyramid scheme?

Is LiveGood a pyramid scheme?? What is and how a pyramid scheme works?

Nowadays, many people are looking for a way to get big money quickly. In this regard, there are many different offers and business proposals, including these too, that seem too beautiful, to be true. One such case may be firma LiveGood, which is often accused of operating in the form of a pyramid scheme. In this article, we'll take a look, what is a financial pyramid, how it works and whether LiveGood actually belongs to this model.

What is a financial pyramid?

A financial pyramid is a type of investment scheme, which uses newly acquired funds from participants, to pay profits to pre-registered members. The basic idea of ​​a financial pyramid is to attract as many new investors as possible, who contribute funds towards the promised profits. Meanwhile, money from new entrants is transferred to older entrants in the form of commissions and bonuses. It is a process, which seems very attractive, because it promises big profits in a short time.

However, pyramid schemes are illegal in most countries, because they are based on an unbalanced model, where membership fees are the main source of revenue, not actual economic activity. Running such a scheme is unethical and can lead to huge financial losses for participants, who join the pyramid later.

Is LiveGood a pyramid scheme?

In the case of a company LiveGood, many people say, that it meets the characteristics typical of a financial pyramid. This company offers its members the opportunity to earn by referring new members and building structure. LiveGood registration is free, but to earn money, you need to buy an affiliate license. However, keep in mind, It's a whole new network marketing model. The company has excellent quality products at amazing prices. This model has been used for a long time, among others, by companies such as Costco, or Amazon.

However, it is worth remembering, that rating, Is the company a pyramid scheme?, can be difficult and sometimes ambiguous. There are some factors, which may suggest the presence of a pyramid scheme, such as no real economic activity, no products or services offered outside the referral structure and focus mainly on recruiting new members instead of selling products.

In the case of LiveGood, although there are some similarities to typical pyramid schemes, it is a legally operating network marketing company registered in the United States.

If you are interested in joining LiveGood or any other business proposal, it is always advisable to do a thorough research and check the credibility of the company. Consult a financial or legal expert, to get an expert opinion. Read other people's reviews, who have dealt with the company, and wonder, whether the offer appears realistic and legitimate.

Register with LiveGood for free and see if it's worth it!

Also note, that multi-level marketing companies (MLM), operate based on the sale of products or services and do not rely solely on recruiting new members. In such companies, earnings depend on your own sales activity and on the effectiveness of building a network of distributors.

To sum up, a pyramid scheme is an illegal investment scheme, which involves the transfer of funds from new members to older members. Firma LiveGood, although it may have some features characteristic of a financial pyramid, like most network marketing companies, it is a legitimate company offering great products and a unique opportunity to build your own online business.

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