Research Paper
Published on Mar 16, 2016
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PRESENTATION OUTLINE
INTRODUCTION
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Many people are blinded by money...
PYRAMID SCHEME
As its name indicates, the pyramid scheme is structured like a pyramid
In order for everyone in a pyramid scheme to profit, there would have to be a never-ending supply of new participants. So they must advertise broadly.
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Based on the table (Table 1), there are two types of pyramiding schemes that the respondents joined. 84 out 100 joined by paying and recruiting which is 84% of the total respondents. And, 16 out of 100 joined by selling products and make money out of recruitment which is 16% of the total respondents.
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As stated on the table (table 2), there are four often places which the pyramiding scheme happens. Most of the respondents were recruited in the school with total percentage of 50%, 30% of the total respondents were recruited online, 14% of the total respondents were recruited in events and 6% out of the total respondents were recruited in malls.
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According to the table (table 3), there are four choices which the respondents paid to join(refer to the table 3) 34.52% of the total respondents paid Php 1,500 for Php 10,000 in return, 39.29% of the total number of respondents paid Php 100 for Php 5,500 in return, also, there are 22.62% of the total respondents paid Php 1,000 for Php 7000 in return and lastly, there are 3.57% of the total respondents specified their answers(Php 1,200-Php 10,000, Php 500-Php5,000, Php 1,200-Php 10,000)
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According to table 4, there are 4 reasons why the respondents were convinced to join(refer to the table above). 44% of the people convinced because the offer is good, 37% of the people are convinced because the recruiter is a friend, there are also 10% of the people who were convinced because the recruiters marketing strategy wants easy money, and the least 9% of the people were convinced because of the availability of cash on hand.
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Based on the table (table 5),there are 3 products that are being sold in the pyramiding scheme, 50% of the respondents are selling medicines, 37.5 % of the respondents are selling beauty products or soap, and lastly 12.5% of the respondents are selling cars.
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The pyramid scheme cannot go on forever. Because there are not enough people on earth to fulfill a successful ending.
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There are only two effects, either you gain or loss. Not everyone will receive the money in return. The only way is to promise extraordinary returns to new recruits.
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The no. of supply of participants is limited and each new level of participants has less chance of recruiting others and a greater chance of losing money.
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recommendations
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As with any other investment plan you consider entering, it is important to ask the right questions.
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Always remember that if a plan promises you'll get rich quick with no risk, or doesn't tell you how your money will be invested, you should exercise caution before getting on board.
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Work hard, not invest much in pyramid schemes because it is only circulating money among participants not to create wealth.
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MEMBERS:
MARJORIE B. ANCAJAS
MCLEIVEN BALDUGO
MARIE JOYCE HERNANDEZ
MICHELLE COLUBONG
AARON ALEXANDER SANTOS
ALFRED AUSTHENE NICOLAS
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