Utah and Get-Rich-Quick Schemes
What's the deal with all the MLMs (Multi Level Marketing) in Utah? Seriously folks, we were all making fun of MLMs ten years ago, why are people still starting them up even today? It's like people who still have mullets even after pop-culture beat the daylights out of the dead horse of making fun of mullets. People with mullets today are either trying to be ironic, hate themselves, or have been living under a rock for a decade.
Now there's an idea - starting an MLM as a joke. An MLM to make fun of all the other MLMs. Nah, it's already old news. It's already passe - it's already time to move on to the next thing to make fun of.
So why the obsession with Pyramid Schemes (Yes, that's what they are)? I really want to know. First Nu-Skin - okay, a reasonable success, then Noni- another big one - and now everyone - like Goyin - wants to jump on board. I've litterally met people who have good business ideas, but they always want to try to find a way to back them into a pyramid scheme somehow. I don't think the model is great for plumbers and donut shops.
Pyramid schemes just pray on the weak and stupid. Not to say the people up top are stupid, but the people on the bottom certainly are - and many of them fail and go broke trying to start up one of these businesses. You can't have a system where everyone is making tons of money, there have to be the rotting carcasses of failed distributors under your feet. If you join an MLM company, chances are you'll stay at the bottom. If you're considering getting rich in a pyramid scheme, you might also be interested in a career as an astronaut or NBA allstar.
Additional information added by Editors - 11/01/2007:
A lot of people go into debt falling into get rich quick schemes. Most people get into debt because of credit cards. The average American homeowner has between 10-$15,000 in credit card debt! People see credit card applications as an application for free money and don't realize it has to be paid back. Visa cards are one of the biggest card distributors in the world. Your best bet would be to get a low interest credit card and to use it for only emergencies, although 0 credit cards is the best situation.