Internet income business verification - Net Income Solutions. Is it real?

[IanF]

I looked at the website and couldn't work out what they sold?
Can you tell me.

[Citizen X]

I looked at the website and couldn't work out what they sold?
Can you tell me.

I too would like this fundamental question to be answered!

[Blurock]

So you can not answer the questions raised regarding the legitimacy of this business or what they actually do. Any one can register and start a business. That does not make it legitimate. Have you checked with the Financial Services board to see whether they have been registered? This is certainly a pre-requisite to taking deposits.

A Ponzi scheme is an illegal investment scheme where investors are lured by high rates of return with apparent low risk.
Earlier or first mover investors get paid from money raised, not from company profits, but from new investors recruited.
Investors receive high payouts and share their excitement with family and friends, who also become new investors. Investors are comforted by regular payouts and other confidence tricks. They are lulled into a state of trust and complacency (and greed) and invest even more, including their last payout or "interest" earned.

The scheme eventually collapses when (a) there is not enough new investors to con and not enough new money is flowing into the system. (b) A number of investors cash out, leaving a cash hole in the scheme (money not being re-invested). (c) The organiser cashes out and runs away with the money. People will only realise days or weeks later that they have been conned. Some will only read about it in the newspapers.

A pyramid scheme works on the same principle, but the big difference is that the organiser does not control all the funds. In a Ponzi scheme the crooks have all the money and distribute enough to keep the scheme going until they are ready to cash out. In a Pyramid scheme each investor benefits directly from the number of investors recruited below them. (as in most MLM schemes) The person on top does not at any time have control or access to all the money in the system, but benefits the most, due to the number of contributors below him.

A scheme is NOT a business. It is a scheme to scam you! Both Ponzi and Pyramid schemes, eventually collapse as soon as there isn't enough money to go around.

Caveat Emptor.

http://www.fin24.com/Money/Investmen...cheme-20121210

[Darkangelyaya]

They sell points that may be used to attend training or seminars on eft (emotional freedom technique) / tapping, and are explicitly warned against promoting/ advertising this as an investment opportunity. Yet, the greed always kicks in.
But maybe I'm just jealous.

[IanF]

They sell points that may be used to attend training or seminars on eft (emotional freedom technique) / tapping, and are explicitly warned against promoting/ advertising this as an investment opportunity. Yet, the greed always kicks in.
But maybe I'm just jealous.

OK have any of the participants been to a seminar?
Can they share what is special about it?

[Darkangelyaya]

OK have any of the participants been to a seminar?
Can they share what is special about it?

I doubt anyone has been.
However, eft is a valuable and effective therapy for training yourself into using more effective methods of dealing with emotional issues. I have used it and still do, as part of my alternative cancer-fighting protocol.

[zobs]

Mathebuj, what do mean when you say, you lost your cash deposit after 75 days( Are you saying you lost the 100K you started with?) please ellaborate.

[zobs]

@MathebuJ. How do you get another R315 000 if you deposited only R100 000? To my understand you can only make R150 000 on the 75th day if you did not buy extra point.

Properly he's been buying points, it is possible. Like me I started with R60 000 I am hoping to make about R250 000 if possible.

[zobs]

Even if this dude invested R100k in the beginning of Nov '12, he would have only completed one cycle of 75 days, i.e. made R150k, according to all their stats, and would be around halfway through the second cycle of 75 days. Assuming he put his 150k straight back in, by around the end of March, he would have only made R275k, unless he started using compound interest on his first term, in which case none of the money would actually be available to him at the moment. Which means he has made nothing, it's all still at risk, while he's happily grinning at numbers on a screen.

Darka What if he's been buyin points? remember he says he started with R100k, 1point = R100: R100k/R100 = 1000points x R2 daily earnings = 2000( profit earnings that he gets daily).
Imagine if he has been buying points 2000 points daily with his earnings from Nov12. It can be possible that he has made that R315k. I am standing to corrected.

[zobs]

you buy a point for R100. every point makes u R2 per day. monday they dont pay plus a day after a public holiday. every point can only make u R150 (R2 X 75 days), then that point expires. otherwise they pay consistently 6 days a week. If you include commissions, then it should make sense how my money got to R315K in 3 months. What u must note though is that after 75 days you lose the cash deposit or basically the points purchased at the beginning of the 75 days and you left with earnings or points bought with earnings.

Are you saying you basically lost 100k?